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LAM RESEARCH CORP (1LRCX.MI) Stock Fundamental Analysis

Europe - BIT:1LRCX - US5128073062 - Common Stock

119.12 EUR
-10.48 (-8.09%)
Last: 10/13/2025, 7:00:00 PM
Fundamental Rating

7

1LRCX gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 59 industry peers in the Semiconductors & Semiconductor Equipment industry. While 1LRCX has a great profitability rating, there are some minor concerns on its financial health. 1LRCX is valued quite expensive, but it does show an excellent growth. This makes 1LRCX very considerable for growth investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

In the past year 1LRCX was profitable.
1LRCX had a positive operating cash flow in the past year.
In the past 5 years 1LRCX has always been profitable.
In the past 5 years 1LRCX always reported a positive cash flow from operatings.
1LRCX.MI Yearly Net Income VS EBIT VS OCF VS FCF1LRCX.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

Looking at the Return On Assets, with a value of 25.10%, 1LRCX belongs to the top of the industry, outperforming 94.92% of the companies in the same industry.
1LRCX has a better Return On Equity (54.33%) than 94.92% of its industry peers.
1LRCX has a Return On Invested Capital of 35.49%. This is amongst the best in the industry. 1LRCX outperforms 94.92% of its industry peers.
1LRCX had an Average Return On Invested Capital over the past 3 years of 31.47%. This is significantly above the industry average of 15.39%.
The last Return On Invested Capital (35.49%) for 1LRCX is above the 3 year average (31.47%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 25.1%
ROE 54.33%
ROIC 35.49%
ROA(3y)23.18%
ROA(5y)24.18%
ROE(3y)51.37%
ROE(5y)58.46%
ROIC(3y)31.47%
ROIC(5y)32.89%
1LRCX.MI Yearly ROA, ROE, ROIC1LRCX.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

1LRCX has a Profit Margin of 29.06%. This is amongst the best in the industry. 1LRCX outperforms 84.75% of its industry peers.
1LRCX's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 32.01%, 1LRCX belongs to the best of the industry, outperforming 83.05% of the companies in the same industry.
In the last couple of years the Operating Margin of 1LRCX has grown nicely.
With a decent Gross Margin value of 48.70%, 1LRCX is doing good in the industry, outperforming 61.02% of the companies in the same industry.
1LRCX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 32.01%
PM (TTM) 29.06%
GM 48.71%
OM growth 3Y0.81%
OM growth 5Y3.76%
PM growth 3Y2.83%
PM growth 5Y5.33%
GM growth 3Y2.15%
GM growth 5Y1.2%
1LRCX.MI Yearly Profit, Operating, Gross Margins1LRCX.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 1LRCX is creating value.
Compared to 1 year ago, 1LRCX has less shares outstanding
Compared to 5 years ago, 1LRCX has less shares outstanding
The debt/assets ratio for 1LRCX has been reduced compared to a year ago.
1LRCX.MI Yearly Shares Outstanding1LRCX.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
1LRCX.MI Yearly Total Debt VS Total Assets1LRCX.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

The Debt to FCF ratio of 1LRCX is 0.83, which is an excellent value as it means it would take 1LRCX, only 0.83 years of fcf income to pay off all of its debts.
1LRCX has a better Debt to FCF ratio (0.83) than 77.97% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that 1LRCX is not too dependend on debt financing.
1LRCX has a worse Debt to Equity ratio (0.38) than 66.10% of its industry peers.
Although 1LRCX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 0.83
Altman-Z N/A
ROIC/WACC3.07
WACC11.57%
1LRCX.MI Yearly LT Debt VS Equity VS FCF1LRCX.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.3 Liquidity

A Current Ratio of 2.21 indicates that 1LRCX has no problem at all paying its short term obligations.
1LRCX has a Current ratio (2.21) which is comparable to the rest of the industry.
A Quick Ratio of 1.55 indicates that 1LRCX should not have too much problems paying its short term obligations.
1LRCX has a Quick ratio of 1.55. This is comparable to the rest of the industry: 1LRCX outperforms 40.68% of its industry peers.
Industry RankSector Rank
Current Ratio 2.21
Quick Ratio 1.55
1LRCX.MI Yearly Current Assets VS Current Liabilites1LRCX.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

7

3. Growth

3.1 Past

1LRCX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.63%, which is quite impressive.
The Earnings Per Share has been growing by 21.02% on average over the past years. This is a very strong growth
The Revenue has grown by 23.68% in the past year. This is a very strong growth!
Measured over the past years, 1LRCX shows a quite strong growth in Revenue. The Revenue has been growing by 12.91% on average per year.
EPS 1Y (TTM)36.63%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%63.39%
Revenue 1Y (TTM)23.68%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%33.58%

3.2 Future

The Earnings Per Share is expected to grow by 16.67% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.28% on average over the next years. This is quite good.
EPS Next Y10.59%
EPS Next 2Y12.33%
EPS Next 3Y13.55%
EPS Next 5Y16.67%
Revenue Next Year10.04%
Revenue Next 2Y10%
Revenue Next 3Y9.65%
Revenue Next 5Y8.28%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
1LRCX.MI Yearly Revenue VS Estimates1LRCX.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B 25B
1LRCX.MI Yearly EPS VS Estimates1LRCX.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

3

4. Valuation

4.1 Price/Earnings Ratio

1LRCX is valuated quite expensively with a Price/Earnings ratio of 33.65.
1LRCX's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of 1LRCX to the average of the S&P500 Index (27.42), we can say 1LRCX is valued slightly more expensively.
With a Price/Forward Earnings ratio of 30.39, 1LRCX can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as 1LRCX.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, 1LRCX is valued a bit more expensive.
Industry RankSector Rank
PE 33.65
Fwd PE 30.39
1LRCX.MI Price Earnings VS Forward Price Earnings1LRCX.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1LRCX indicates a slightly more expensive valuation: 1LRCX is more expensive than 69.49% of the companies listed in the same industry.
72.88% of the companies in the same industry are more expensive than 1LRCX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 32.49
EV/EBITDA 27.6
1LRCX.MI Per share data1LRCX.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1LRCX does not grow enough to justify the current Price/Earnings ratio.
1LRCX has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as 1LRCX's earnings are expected to grow with 13.55% in the coming years.
PEG (NY)3.18
PEG (5Y)1.6
EPS Next 2Y12.33%
EPS Next 3Y13.55%

4

5. Dividend

5.1 Amount

1LRCX has a yearly dividend return of 0.73%, which is pretty low.
1LRCX's Dividend Yield is a higher than the industry average which is at 1.10.
With a Dividend Yield of 0.73, 1LRCX pays less dividend than the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 0.73%

5.2 History

On average, the dividend of 1LRCX grows each year by 14.54%, which is quite nice.
Dividend Growth(5Y)14.54%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

1LRCX pays out 21.45% of its income as dividend. This is a sustainable payout ratio.
1LRCX's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP21.45%
EPS Next 2Y12.33%
EPS Next 3Y13.55%
1LRCX.MI Yearly Income VS Free CF VS Dividend1LRCX.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
1LRCX.MI Dividend Payout.1LRCX.MI Dividend Payout, showing the Payout Ratio.1LRCX.MI Dividend Payout.PayoutRetained Earnings

LAM RESEARCH CORP

BIT:1LRCX (10/13/2025, 7:00:00 PM)

119.12

-10.48 (-8.09%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-22 2025-10-22/amc
Inst Owners89.15%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap150.21B
Analysts80
Price Target100.43 (-15.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.73%
Yearly Dividend0.77
Dividend Growth(5Y)14.54%
DP21.45%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.6%
Min EPS beat(2)1.42%
Max EPS beat(2)7.79%
EPS beat(4)4
Avg EPS beat(4)3.92%
Min EPS beat(4)1.42%
Max EPS beat(4)7.79%
EPS beat(8)8
Avg EPS beat(8)4.87%
EPS beat(12)12
Avg EPS beat(12)5.99%
EPS beat(16)13
Avg EPS beat(16)5.29%
Revenue beat(2)1
Avg Revenue beat(2)0.41%
Min Revenue beat(2)-0.4%
Max Revenue beat(2)1.22%
Revenue beat(4)2
Avg Revenue beat(4)0.3%
Min Revenue beat(4)-0.48%
Max Revenue beat(4)1.22%
Revenue beat(8)3
Avg Revenue beat(8)-0.04%
Revenue beat(12)6
Avg Revenue beat(12)0.21%
Revenue beat(16)7
Avg Revenue beat(16)-0.27%
PT rev (1m)3.51%
PT rev (3m)19.74%
EPS NQ rev (1m)0.2%
EPS NQ rev (3m)22.4%
EPS NY rev (1m)0.47%
EPS NY rev (3m)10.71%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)12.81%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)7.03%
Valuation
Industry RankSector Rank
PE 33.65
Fwd PE 30.39
P/S 9.52
P/FCF 32.49
P/OCF 28.49
P/B 17.79
P/tB 21.79
EV/EBITDA 27.6
EPS(TTM)3.54
EY2.97%
EPS(NY)3.92
Fwd EY3.29%
FCF(TTM)3.67
FCFY3.08%
OCF(TTM)4.18
OCFY3.51%
SpS12.52
BVpS6.69
TBVpS5.47
PEG (NY)3.18
PEG (5Y)1.6
Profitability
Industry RankSector Rank
ROA 25.1%
ROE 54.33%
ROCE 39.93%
ROIC 35.49%
ROICexc 62.53%
ROICexgc 79.72%
OM 32.01%
PM (TTM) 29.06%
GM 48.71%
FCFM 29.29%
ROA(3y)23.18%
ROA(5y)24.18%
ROE(3y)51.37%
ROE(5y)58.46%
ROIC(3y)31.47%
ROIC(5y)32.89%
ROICexc(3y)52.82%
ROICexc(5y)54.36%
ROICexgc(3y)66.54%
ROICexgc(5y)68.82%
ROCE(3y)35.41%
ROCE(5y)37.02%
ROICexcg growth 3Y7.04%
ROICexcg growth 5Y0.35%
ROICexc growth 3Y5.47%
ROICexc growth 5Y4.28%
OM growth 3Y0.81%
OM growth 5Y3.76%
PM growth 3Y2.83%
PM growth 5Y5.33%
GM growth 3Y2.15%
GM growth 5Y1.2%
F-Score8
Asset Turnover0.86
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 0.83
Debt/EBITDA 0.59
Cap/Depr 196.54%
Cap/Sales 4.12%
Interest Coverage 250
Cash Conversion 97.97%
Profit Quality 100.79%
Current Ratio 2.21
Quick Ratio 1.55
Altman-Z N/A
F-Score8
WACC11.57%
ROIC/WACC3.07
Cap/Depr(3y)151.1%
Cap/Depr(5y)146.11%
Cap/Sales(3y)3.22%
Cap/Sales(5y)3.04%
Profit Quality(3y)105.22%
Profit Quality(5y)90.8%
High Growth Momentum
Growth
EPS 1Y (TTM)36.63%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%63.39%
EPS Next Y10.59%
EPS Next 2Y12.33%
EPS Next 3Y13.55%
EPS Next 5Y16.67%
Revenue 1Y (TTM)23.68%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%33.58%
Revenue Next Year10.04%
Revenue Next 2Y10%
Revenue Next 3Y9.65%
Revenue Next 5Y8.28%
EBIT growth 1Y36.42%
EBIT growth 3Y3.12%
EBIT growth 5Y17.15%
EBIT Next Year16.89%
EBIT Next 3Y13.89%
EBIT Next 5Y10.27%
FCF growth 1Y26.9%
FCF growth 3Y28.36%
FCF growth 5Y22.94%
OCF growth 1Y32.4%
OCF growth 3Y25.72%
OCF growth 5Y23.7%