LAM RESEARCH CORP (LAR0.DE) Fundamental Analysis & Valuation

FRA:LAR0 • US5128073062

Current stock price

187.14 EUR
+2.98 (+1.62%)
Last:

This LAR0.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. LAR0.DE Profitability Analysis

1.1 Basic Checks

  • In the past year LAR0 was profitable.
  • In the past year LAR0 had a positive cash flow from operations.
  • Each year in the past 5 years LAR0 has been profitable.
  • LAR0 had a positive operating cash flow in each of the past 5 years.
LAR0.DE Yearly Net Income VS EBIT VS OCF VS FCFLAR0.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • LAR0 has a Return On Assets of 29.05%. This is amongst the best in the industry. LAR0 outperforms 96.97% of its industry peers.
  • The Return On Equity of LAR0 (61.24%) is better than 95.45% of its industry peers.
  • LAR0 has a better Return On Invested Capital (32.20%) than 89.39% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for LAR0 is significantly above the industry average of 13.69%.
  • The last Return On Invested Capital (32.20%) for LAR0 is above the 3 year average (24.93%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 29.05%
ROE 61.24%
ROIC 32.2%
ROA(3y)23.18%
ROA(5y)24.18%
ROE(3y)51.37%
ROE(5y)58.46%
ROIC(3y)24.93%
ROIC(5y)26.06%
LAR0.DE Yearly ROA, ROE, ROICLAR0.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • LAR0's Profit Margin of 30.22% is amongst the best of the industry. LAR0 outperforms 89.39% of its industry peers.
  • LAR0's Profit Margin has improved in the last couple of years.
  • LAR0 has a better Operating Margin (33.76%) than 86.36% of its industry peers.
  • LAR0's Operating Margin has improved in the last couple of years.
  • LAR0's Gross Margin of 49.80% is in line compared to the rest of the industry. LAR0 outperforms 53.03% of its industry peers.
  • LAR0's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 33.76%
PM (TTM) 30.22%
GM 49.8%
OM growth 3Y0.81%
OM growth 5Y3.76%
PM growth 3Y2.83%
PM growth 5Y5.33%
GM growth 3Y2.15%
GM growth 5Y1.2%
LAR0.DE Yearly Profit, Operating, Gross MarginsLAR0.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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6

2. LAR0.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so LAR0 is creating value.
  • The number of shares outstanding for LAR0 has been reduced compared to 1 year ago.
  • The number of shares outstanding for LAR0 has been reduced compared to 5 years ago.
  • LAR0 has a better debt/assets ratio than last year.
LAR0.DE Yearly Shares OutstandingLAR0.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
LAR0.DE Yearly Total Debt VS Total AssetsLAR0.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • The Debt to FCF ratio of LAR0 is 0.72, which is an excellent value as it means it would take LAR0, only 0.72 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.72, LAR0 is in the better half of the industry, outperforming 75.76% of the companies in the same industry.
  • A Debt/Equity ratio of 0.37 indicates that LAR0 is not too dependend on debt financing.
  • LAR0 has a Debt to Equity ratio of 0.37. This is in the lower half of the industry: LAR0 underperforms 66.67% of its industry peers.
  • Although LAR0's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 0.37
Debt/FCF 0.72
Altman-Z N/A
ROIC/WACC2.82
WACC11.4%
LAR0.DE Yearly LT Debt VS Equity VS FCFLAR0.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.3 Liquidity

  • LAR0 has a Current Ratio of 2.26. This indicates that LAR0 is financially healthy and has no problem in meeting its short term obligations.
  • LAR0 has a Current ratio (2.26) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.61 indicates that LAR0 should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.61, LAR0 is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 2.26
Quick Ratio 1.61
LAR0.DE Yearly Current Assets VS Current LiabilitesLAR0.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

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8

3. LAR0.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 45.70% over the past year.
  • LAR0 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.02% yearly.
  • The Revenue has grown by 26.85% in the past year. This is a very strong growth!
  • LAR0 shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.91% yearly.
EPS 1Y (TTM)45.7%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%39.56%
Revenue 1Y (TTM)26.85%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%22.14%

3.2 Future

  • The Earnings Per Share is expected to grow by 21.46% on average over the next years. This is a very strong growth
  • LAR0 is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.48% yearly.
EPS Next Y30.88%
EPS Next 2Y30.78%
EPS Next 3Y25.22%
EPS Next 5Y21.46%
Revenue Next Year22.59%
Revenue Next 2Y23.48%
Revenue Next 3Y18.86%
Revenue Next 5Y16.48%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
LAR0.DE Yearly Revenue VS EstimatesLAR0.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
LAR0.DE Yearly EPS VS EstimatesLAR0.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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3

4. LAR0.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • LAR0 is valuated quite expensively with a Price/Earnings ratio of 44.14.
  • LAR0's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of LAR0 to the average of the S&P500 Index (25.70), we can say LAR0 is valued expensively.
  • LAR0 is valuated quite expensively with a Price/Forward Earnings ratio of 30.52.
  • LAR0's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. LAR0 is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 44.14
Fwd PE 30.52
LAR0.DE Price Earnings VS Forward Price EarningsLAR0.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 66.67% of the companies in the same industry are cheaper than LAR0, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of LAR0 indicates a somewhat cheap valuation: LAR0 is cheaper than 72.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 43.41
EV/EBITDA 35.93
LAR0.DE Per share dataLAR0.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • LAR0's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of LAR0 may justify a higher PE ratio.
  • A more expensive valuation may be justified as LAR0's earnings are expected to grow with 25.22% in the coming years.
PEG (NY)1.43
PEG (5Y)2.1
EPS Next 2Y30.78%
EPS Next 3Y25.22%

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4

5. LAR0.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.50%, LAR0 is not a good candidate for dividend investing.
  • LAR0's Dividend Yield is comparable with the industry average which is at 0.71.
  • With a Dividend Yield of 0.50, LAR0 pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.5%

5.2 History

  • The dividend of LAR0 is nicely growing with an annual growth rate of 14.54%!
Dividend Growth(5Y)14.54%
Div Incr YearsN/A
Div Non Decr YearsN/A
LAR0.DE Yearly Dividends per shareLAR0.DE Yearly Dividends per shareYearly Dividends per share 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • LAR0 pays out 19.48% of its income as dividend. This is a sustainable payout ratio.
  • LAR0's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.48%
EPS Next 2Y30.78%
EPS Next 3Y25.22%
LAR0.DE Yearly Income VS Free CF VS DividendLAR0.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
LAR0.DE Dividend Payout.LAR0.DE Dividend Payout, showing the Payout Ratio.LAR0.DE Dividend Payout.PayoutRetained Earnings

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LAR0.DE Fundamentals: All Metrics, Ratios and Statistics

LAM RESEARCH CORP

FRA:LAR0 (3/13/2026, 7:00:00 PM)

187.14

+2.98 (+1.62%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-28
Earnings (Next)04-21
Inst Owners89.03%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap233.69B
Revenue(TTM)20.56B
Net Income(TTM)6.21B
Analysts80
Price Target232.36 (24.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.5%
Yearly Dividend0.78
Dividend Growth(5Y)14.54%
DP19.48%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.75%
Min EPS beat(2)1.09%
Max EPS beat(2)6.41%
EPS beat(4)4
Avg EPS beat(4)4.18%
Min EPS beat(4)1.09%
Max EPS beat(4)7.79%
EPS beat(8)8
Avg EPS beat(8)4.13%
EPS beat(12)12
Avg EPS beat(12)5.57%
EPS beat(16)15
Avg EPS beat(16)5.88%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.28%
Max Revenue beat(2)-0.24%
Revenue beat(4)1
Avg Revenue beat(4)0.07%
Min Revenue beat(4)-0.4%
Max Revenue beat(4)1.22%
Revenue beat(8)2
Avg Revenue beat(8)-0.02%
Revenue beat(12)4
Avg Revenue beat(12)-0.1%
Revenue beat(16)7
Avg Revenue beat(16)0.23%
PT rev (1m)0.62%
PT rev (3m)62.92%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)14.64%
EPS NY rev (1m)1.28%
EPS NY rev (3m)9.63%
Revenue NQ rev (1m)0.45%
Revenue NQ rev (3m)8.33%
Revenue NY rev (1m)1.05%
Revenue NY rev (3m)5.32%
Valuation
Industry RankSector Rank
PE 44.14
Fwd PE 30.52
P/S 13.12
P/FCF 43.41
P/OCF 37.89
P/B 26.6
P/tB 32.58
EV/EBITDA 35.93
EPS(TTM)4.24
EY2.27%
EPS(NY)6.13
Fwd EY3.28%
FCF(TTM)4.31
FCFY2.3%
OCF(TTM)4.94
OCFY2.64%
SpS14.26
BVpS7.04
TBVpS5.74
PEG (NY)1.43
PEG (5Y)2.1
Graham Number25.91
Profitability
Industry RankSector Rank
ROA 29.05%
ROE 61.24%
ROCE 45.74%
ROIC 32.2%
ROICexc 54.32%
ROICexgc 68.51%
OM 33.76%
PM (TTM) 30.22%
GM 49.8%
FCFM 30.23%
ROA(3y)23.18%
ROA(5y)24.18%
ROE(3y)51.37%
ROE(5y)58.46%
ROIC(3y)24.93%
ROIC(5y)26.06%
ROICexc(3y)41.85%
ROICexc(5y)43.06%
ROICexgc(3y)52.72%
ROICexgc(5y)54.52%
ROCE(3y)35.41%
ROCE(5y)37.02%
ROICexgc growth 3Y7.04%
ROICexgc 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 Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 0.72
Debt/EBITDA 0.51
Cap/Depr 225.8%
Cap/Sales 4.41%
Interest Coverage 250
Cash Conversion 96.98%
Profit Quality 100.04%
Current Ratio 2.26
Quick Ratio 1.61
Altman-Z N/A
F-Score8
WACC11.4%
ROIC/WACC2.82
Cap/Depr(3y)151.1%
Cap/Depr(5y)146.11%
Cap/Sales(3y)3.22%
Cap/Sales(5y)3.04%
Profit Quality(3y)105.3%
Profit Quality(5y)90.85%
High Growth Momentum
Growth
EPS 1Y (TTM)45.7%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%39.56%
EPS Next Y30.88%
EPS Next 2Y30.78%
EPS Next 3Y25.22%
EPS Next 5Y21.46%
Revenue 1Y (TTM)26.85%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%22.14%
Revenue Next Year22.59%
Revenue Next 2Y23.48%
Revenue Next 3Y18.86%
Revenue Next 5Y16.48%
EBIT growth 1Y44.13%
EBIT growth 3Y3.12%
EBIT growth 5Y17.15%
EBIT Next Year38.29%
EBIT Next 3Y27.83%
EBIT Next 5Y21.65%
FCF growth 1Y27.79%
FCF growth 3Y28.47%
FCF growth 5Y23%
OCF growth 1Y35.55%
OCF growth 3Y25.82%
OCF growth 5Y23.76%

LAM RESEARCH CORP / LAR0.DE Fundamental Analysis FAQ

What is the fundamental rating for LAR0 stock?

ChartMill assigns a fundamental rating of 7 / 10 to LAR0.DE.


What is the valuation status of LAM RESEARCH CORP (LAR0.DE) stock?

ChartMill assigns a valuation rating of 3 / 10 to LAM RESEARCH CORP (LAR0.DE). This can be considered as Overvalued.


How profitable is LAM RESEARCH CORP (LAR0.DE) stock?

LAM RESEARCH CORP (LAR0.DE) has a profitability rating of 9 / 10.


What is the earnings growth outlook for LAM RESEARCH CORP?

The Earnings per Share (EPS) of LAM RESEARCH CORP (LAR0.DE) is expected to grow by 30.88% in the next year.


Can you provide the dividend sustainability for LAR0 stock?

The dividend rating of LAM RESEARCH CORP (LAR0.DE) is 4 / 10 and the dividend payout ratio is 19.48%.