LAM RESEARCH CORP (LAR0.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:LAR0 • US5128073062

193.64 EUR
+12.04 (+6.63%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, LAR0 scores 6 out of 10 in our fundamental rating. LAR0 was compared to 63 industry peers in the Semiconductors & Semiconductor Equipment industry. While LAR0 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. LAR0 is valued quite expensive, but it does show an excellent growth. With these ratings, LAR0 could be worth investigating further for growth investing!.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • In the past year LAR0 was profitable.
  • LAR0 had a positive operating cash flow in the past year.
  • In the past 5 years LAR0 has always 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 96.83% of its industry peers.
  • The Return On Equity of LAR0 (61.24%) is better than 95.24% of its industry peers.
  • LAR0's Return On Invested Capital of 32.20% is amongst the best of the industry. LAR0 outperforms 87.30% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for LAR0 is significantly above the industry average of 15.01%.
  • The 3 year average ROIC (24.93%) for LAR0 is below the current ROIC(32.20%), indicating increased profibility in the last year.
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 has a better Profit Margin (30.22%) than 84.13% of its industry peers.
  • LAR0's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 33.76%, LAR0 belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
  • In the last couple of years the Operating Margin of LAR0 has grown nicely.
  • The Gross Margin of LAR0 (49.80%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of LAR0 has remained more or less at the same level.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

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.
  • LAR0 has less shares outstanding than it did 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 77.78% of the companies in the same industry.
  • LAR0 has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.37, LAR0 is not doing good in the industry: 68.25% of the companies in the same industry are doing better.
  • Although LAR0 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 0.37
Debt/FCF 0.72
Altman-Z N/A
ROIC/WACC2.98
WACC10.82%
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.
  • Looking at the Current ratio, with a value of 2.26, LAR0 is in line with its industry, outperforming 44.44% of the companies in the same industry.
  • A Quick Ratio of 1.61 indicates that LAR0 should not have too much problems paying its short term obligations.
  • LAR0 has a worse Quick ratio (1.61) than 66.67% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • LAR0 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.70%, 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 26.85% in the past year. This is a very strong growth!
  • Measured over the past years, LAR0 shows a quite strong growth in Revenue. The Revenue has been growing by 12.91% on average per year.
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

  • LAR0 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.46% yearly.
  • Based on estimates for the next years, LAR0 will show a quite strong growth in Revenue. The Revenue will grow by 9.82% on average per year.
EPS Next Y20.62%
EPS Next 2Y20.38%
EPS Next 3Y17.89%
EPS Next 5Y13.46%
Revenue Next Year16.77%
Revenue Next 2Y16.04%
Revenue Next 3Y13.9%
Revenue Next 5Y9.82%

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.
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 5B 10B 15B 20B 25B
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

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 46.66, LAR0 can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of LAR0 is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, LAR0 is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 38.08, the valuation of LAR0 can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of LAR0 indicates a slightly more expensive valuation: LAR0 is more expensive than 61.90% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, LAR0 is valued a bit more expensive.
Industry RankSector Rank
PE 46.66
Fwd PE 38.08
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LAR0 indicates a slightly more expensive valuation: LAR0 is more expensive than 69.84% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, LAR0 is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 46.17
EV/EBITDA 36.41
LAR0.DE Per share dataLAR0.DE 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 LAR0 does not grow enough to justify the current Price/Earnings ratio.
  • LAR0 has an outstanding profitability rating, which may justify a higher PE ratio.
  • LAR0's earnings are expected to grow with 17.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.26
PEG (5Y)2.22
EPS Next 2Y20.38%
EPS Next 3Y17.89%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • LAR0 has a yearly dividend return of 0.42%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.78, LAR0 has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.42, LAR0 pays less dividend than the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 0.42%

5.2 History

  • On average, the dividend of LAR0 grows each year by 14.54%, which is quite nice.
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 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 slower than its dividend. This means the dividend growth is not sustainable.
DP19.48%
EPS Next 2Y20.38%
EPS Next 3Y17.89%
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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Find the best dividend stocksShow peers with best dividend

LAM RESEARCH CORP

FRA:LAR0 (2/6/2026, 7:00:00 PM)

193.64

+12.04 (+6.63%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-28
Earnings (Next)04-21
Inst Owners88.63%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap243.22B
Revenue(TTM)20.56B
Net Income(TTM)6.21B
Analysts80
Price Target158.89 (-17.95%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.42%
Yearly Dividend0.75
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)3.71%
Min EPS beat(2)1.09%
Max EPS beat(2)6.34%
EPS beat(4)4
Avg EPS beat(4)4.16%
Min EPS beat(4)1.09%
Max EPS beat(4)7.79%
EPS beat(8)8
Avg EPS beat(8)4.12%
EPS beat(12)12
Avg EPS beat(12)5.56%
EPS beat(16)15
Avg EPS beat(16)5.88%
Revenue beat(2)0
Avg Revenue beat(2)-0.12%
Min Revenue beat(2)-0.24%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)0.14%
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)-0.08%
Revenue beat(16)7
Avg Revenue beat(16)0.25%
PT rev (1m)7.82%
PT rev (3m)N/A
EPS NQ rev (1m)1.05%
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.02%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 46.66
Fwd PE 38.08
P/S 13.96
P/FCF 46.17
P/OCF 40.29
P/B 28.28
P/tB 34.65
EV/EBITDA 36.41
EPS(TTM)4.15
EY2.14%
EPS(NY)5.08
Fwd EY2.63%
FCF(TTM)4.19
FCFY2.17%
OCF(TTM)4.81
OCFY2.48%
SpS13.87
BVpS6.85
TBVpS5.59
PEG (NY)2.26
PEG (5Y)2.22
Graham Number25.28
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
WACC10.82%
ROIC/WACC2.98
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 Y20.62%
EPS Next 2Y20.38%
EPS Next 3Y17.89%
EPS Next 5Y13.46%
Revenue 1Y (TTM)26.85%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%22.14%
Revenue Next Year16.77%
Revenue Next 2Y16.04%
Revenue Next 3Y13.9%
Revenue Next 5Y9.82%
EBIT growth 1Y44.13%
EBIT growth 3Y3.12%
EBIT growth 5Y17.15%
EBIT Next Year29.47%
EBIT Next 3Y20.78%
EBIT Next 5Y20.33%
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 FAQ

What is the fundamental rating for LAR0 stock?

ChartMill assigns a fundamental rating of 6 / 10 to LAR0.DE.


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

ChartMill assigns a valuation rating of 2 / 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 20.62% in the next year.


Can you provide the dividend sustainability for LAR0 stock?

The dividend rating of LAM RESEARCH CORP (LAR0.DE) is 3 / 10 and the dividend payout ratio is 19.48%.