Company Valuation: Lam Research Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 92,958 59,238 86,026 139,220 124,330 391,804 - -
Change - -36.27% 45.22% 61.83% -10.69% 215.13% - -
Enterprise Value (EV) 1 92,230 60,586 85,663 138,355 122,424 390,606 387,170 384,077
Change - -34.31% 41.39% 61.51% -11.51% 219.06% -0.88% -0.8%
P/E 24.2x 13x 19.3x 36.7x 23.4x 55.8x 39.1x 34.2x
PBR 15.4x 9.32x 10.4x 16.3x 12.5x 33x 23.5x 18.3x
PEG - 0.6x 13.74x -2.9x 0.5x 1.6x 0.9x 2.4x
Capitalization / Revenue 6.36x 3.44x 4.94x 9.34x 6.74x 16.9x 12.7x 10.7x
EV / Revenue 6.31x 3.52x 4.92x 9.28x 6.64x 16.8x 12.6x 10.5x
EV / EBITDA 18.8x 10.6x 15x 28.4x 19.3x 45.1x 32x 28.1x
EV / EBIT 20x 11.2x 16x 30.7x 20.6x 47.7x 33.6x 27.9x
EV / FCF 28.5x 23.7x 18.3x 32.5x 22.6x 70.6x 43.6x 34.7x
FCF Yield 3.51% 4.21% 5.46% 3.08% 4.42% 1.42% 2.29% 2.88%
Dividend per Share 2 0.52 0.6 0.69 0.8 0.92 1.035 1.162 1.281
Rate of return 0.8% 1.4% 1.08% 0.75% 0.95% 0.33% 0.37% 0.41%
EPS 2 2.69 3.275 3.321 2.9 4.15 5.612 8.019 9.165
Distribution rate 19.3% 18.3% 20.8% 27.6% 22.2% 18.4% 14.5% 14%
Net sales 1 14,626 17,227 17,429 14,905 18,436 23,197 30,819 36,475
EBITDA 1 4,912 5,732 5,698 4,872 6,343 8,670 12,107 13,675
EBIT 1 4,605 5,398 5,355 4,513 5,957 8,181 11,540 13,746
Net income 1 3,908 4,605 4,511 3,828 5,358 7,103 10,027 11,298
Net Debt 1 -727.5 1,348 -363.2 -864.5 -1,906 -1,198 -4,634 -7,727
Reference price 2 65.18 42.70 64.04 106.48 97.20 313.30 313.30 313.30
Nbr of stocks (in thousands) 1,426,193 1,387,150 1,343,405 1,307,410 1,279,118 1,250,571 - -
Announcement Date 28/07/21 27/07/22 26/07/23 31/07/24 30/07/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.82x16.84x45.05x0.33% 392B
40.25x13.42x31.49x0.59% 676B
40.74x8.97x28.09x1.22% 182B
35.92x3.73x16.96x1.45% 83.15B
49.65x15.9x33.02x0.77% 23.12B
26.61x4.01x16.87x1.14% 19.23B
53.73x6.98x24.69x0.29% 21.16B
30.11x2.21x12.07x0.54% 15.6B
53.88x9.77x31.1x - 13.92B
40.55x3.6x22.5x1.31% 8.63B
Average 42.73x 8.54x 26.18x 0.85% 143.45B
Weighted average by Cap. 44.50x 12.83x 33.38x 0.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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