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 86,026 139,220 124,330 364,679 - -
Change - -36.27% 45.22% 61.83% -10.69% 193.31% - -
Enterprise Value (EV) 1 92,230 60,586 85,663 138,355 122,424 363,526 360,372 357,643
Change - -34.31% 41.39% 61.51% -11.51% 196.94% -0.87% -0.76%
P/E 24.2x 13x 19.3x 36.7x 23.4x 51.9x 35.8x 28.7x
PBR 15.4x 9.32x 10.4x 16.3x 12.5x 30.7x 21.7x 16.8x
PEG - 0.6x 13.74x -2.9x 0.5x 1.5x 0.8x 1.2x
Capitalization / Revenue 6.36x 3.44x 4.94x 9.34x 6.74x 15.7x 11.8x 9.91x
EV / Revenue 6.31x 3.52x 4.92x 9.28x 6.64x 15.7x 11.6x 9.72x
EV / EBITDA 18.8x 10.6x 15x 28.4x 19.3x 41.9x 29.6x 26x
EV / EBIT 20x 11.2x 16x 30.7x 20.6x 44.4x 30.7x 25.1x
EV / FCF 28.5x 23.7x 18.3x 32.5x 22.6x 65.6x 40.5x 34.5x
FCF Yield 3.51% 4.21% 5.46% 3.08% 4.42% 1.52% 2.47% 2.9%
Dividend per Share 2 0.52 0.6 0.69 0.8 0.92 1.035 1.154 1.259
Rate of return 0.8% 1.4% 1.08% 0.75% 0.95% 0.35% 0.4% 0.43%
EPS 2 2.69 3.275 3.321 2.9 4.15 5.623 8.143 10.15
Distribution rate 19.3% 18.3% 20.8% 27.6% 22.2% 18.4% 14.2% 12.4%
Net sales 1 14,626 17,227 17,429 14,905 18,436 23,202 31,007 36,789
EBITDA 1 4,912 5,732 5,698 4,872 6,343 8,670 12,159 13,746
EBIT 1 4,605 5,398 5,355 4,513 5,957 8,188 11,756 14,224
Net income 1 3,908 4,605 4,511 3,828 5,358 7,111 10,121 12,353
Net Debt 1 -727.5 1,348 -363.2 -864.5 -1,906 -1,153 -4,307 -7,036
Reference price 2 65.18 42.70 64.04 106.48 97.20 291.61 291.61 291.61
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 7/28/21 7/27/22 7/26/23 7/31/24 7/30/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
51.86x15.67x41.93x0.35% 365B
37.44x12.47x29.17x0.64% 625B
39.4x8.66x27.17x1.26% 174B
35.58x3.69x16.76x1.46% 82.52B
50.76x16.46x34.13x0.74% 23.85B
48.76x6.44x22.74x0.32% 19.27B
25.87x3.82x16.25x1.18% 18.36B
28.14x2.13x11.58x0.58% 15.05B
50.51x9.12x29.03x - 13.05B
40.63x3.61x22.54x1.3% 8.64B
Average 40.89x 8.21x 25.13x 0.87% 134.45B
Weighted average by Cap. 41.77x 11.96x 31.19x 0.7%

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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