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

FRA:LAR0 • US5128073062

Current stock price

232.05 EUR
+6.5 (+2.88%)
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.
  • LAR0 had a positive operating cash flow in the past year.
  • In the past 5 years LAR0 has always been profitable.
  • In the past 5 years LAR0 always reported a positive cash flow from operatings.
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 32.26%. This is amongst the best in the industry. LAR0 outperforms 95.38% of its industry peers.
  • LAR0 has a Return On Equity of 63.38%. This is amongst the best in the industry. LAR0 outperforms 92.31% of its industry peers.
  • With an excellent Return On Invested Capital value of 33.63%, LAR0 belongs to the best of the industry, outperforming 86.15% of the companies in the same industry.
  • LAR0 had an Average Return On Invested Capital over the past 3 years of 24.93%. This is significantly above the industry average of 15.47%.
  • The last Return On Invested Capital (33.63%) for LAR0 is above the 3 year average (24.93%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 32.26%
ROE 63.38%
ROIC 33.63%
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 Profit Margin of 30.94%. This is amongst the best in the industry. LAR0 outperforms 83.08% of its industry peers.
  • LAR0's Profit Margin has improved in the last couple of years.
  • LAR0 has a better Operating Margin (34.26%) than 80.00% of its industry peers.
  • In the last couple of years the Operating Margin of LAR0 has grown nicely.
  • LAR0's Gross Margin of 49.98% is in line compared to the rest of the industry. LAR0 outperforms 49.23% of its industry peers.
  • In the last couple of years the Gross Margin of LAR0 has remained more or less at the same level.
Industry RankSector Rank
OM 34.26%
PM (TTM) 30.94%
GM 49.98%
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

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), LAR0 is creating value.
  • LAR0 has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, LAR0 has less shares outstanding
  • Compared to 1 year ago, LAR0 has an improved debt to assets ratio.
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

  • LAR0 has a debt to FCF ratio of 0.62. This is a very positive value and a sign of high solvency as it would only need 0.62 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.62, LAR0 is in the better half of the industry, outperforming 70.77% of the companies in the same industry.
  • LAR0 has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
  • LAR0 has a worse Debt to Equity ratio (0.35) than 66.15% 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 0.35
Debt/FCF 0.62
Altman-Z N/A
ROIC/WACC2.79
WACC12.04%
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 2.54. This indicates that LAR0 is financially healthy and has no problem in meeting its short term obligations.
  • LAR0 has a Current ratio (2.54) which is comparable to the rest of the industry.
  • LAR0 has a Quick Ratio of 1.77. This is a normal value and indicates that LAR0 is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.77, LAR0 is doing worse than 60.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.54
Quick Ratio 1.77
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

8

3. LAR0.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 47.08% 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 26.53% 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)47.08%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%41.35%
Revenue 1Y (TTM)26.53%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%23.76%

3.2 Future

  • Based on estimates for the next years, LAR0 will show a very strong growth in Earnings Per Share. The EPS will grow by 21.46% on average per year.
  • Based on estimates for the next years, LAR0 will show a quite strong growth in Revenue. The Revenue will grow by 16.48% on average per year.
EPS Next Y30.91%
EPS Next 2Y30.83%
EPS Next 3Y25.29%
EPS Next 5Y21.46%
Revenue Next Year23.39%
Revenue Next 2Y24.38%
Revenue Next 3Y20.65%
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

  • Based on the Price/Earnings ratio of 51.00, the valuation of LAR0 can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of LAR0 is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.42. LAR0 is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 38.35 indicates a quite expensive valuation of LAR0.
  • LAR0's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.29, LAR0 is valued quite expensively.
Industry RankSector Rank
PE 51
Fwd PE 38.35
LAR0.DE Price Earnings VS Forward Price EarningsLAR0.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, LAR0 is valued a bit more expensive than 69.23% of the companies in the same industry.
  • LAR0's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 56.52
EV/EBITDA 43.12
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 25.29% in the coming years.
PEG (NY)1.65
PEG (5Y)2.43
EPS Next 2Y30.83%
EPS Next 3Y25.29%

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

4

5. LAR0.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.40%, LAR0 is not a good candidate for dividend investing.
  • LAR0's Dividend Yield is comparable with the industry average which is at 0.49.
  • With a Dividend Yield of 0.40, LAR0 pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.4%

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 Years0
Div Non Decr Years0
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 18.49% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of LAR0 is growing, but earnings are growing more, so the dividend growth is sustainable.
DP18.49%
EPS Next 2Y30.83%
EPS Next 3Y25.29%
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 (4/24/2026, 7:00:00 PM)

232.05

+6.5 (+2.88%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)04-22
Earnings (Next)07-28
Inst Owners89.05%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap289.78B
Revenue(TTM)21.68B
Net Income(TTM)6.71B
Analysts80
Price Target240.19 (3.51%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.4%
Yearly Dividend0.76
Dividend Growth(5Y)14.54%
DP18.49%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.3%
Min EPS beat(2)6.18%
Max EPS beat(2)6.41%
EPS beat(4)4
Avg EPS beat(4)5.37%
Min EPS beat(4)1.09%
Max EPS beat(4)7.79%
EPS beat(8)8
Avg EPS beat(8)4.33%
EPS beat(12)12
Avg EPS beat(12)5.69%
EPS beat(16)16
Avg EPS beat(16)6.49%
Revenue beat(2)0
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-0.65%
Max Revenue beat(2)-0.28%
Revenue beat(4)1
Avg Revenue beat(4)0.01%
Min Revenue beat(4)-0.65%
Max Revenue beat(4)1.22%
Revenue beat(8)2
Avg Revenue beat(8)-0.08%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)7
Avg Revenue beat(16)0.58%
PT rev (1m)3.37%
PT rev (3m)51.17%
EPS NQ rev (1m)1.16%
EPS NQ rev (3m)15.58%
EPS NY rev (1m)0.03%
EPS NY rev (3m)8.53%
Revenue NQ rev (1m)0.83%
Revenue NQ rev (3m)11.36%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)5.67%
Valuation
Industry RankSector Rank
PE 51
Fwd PE 38.35
P/S 15.65
P/FCF 56.52
P/OCF 48.8
P/B 32.06
P/tB 39
EV/EBITDA 43.12
EPS(TTM)4.55
EY1.96%
EPS(NY)6.05
Fwd EY2.61%
FCF(TTM)4.11
FCFY1.77%
OCF(TTM)4.76
OCFY2.05%
SpS14.82
BVpS7.24
TBVpS5.95
PEG (NY)1.65
PEG (5Y)2.43
Graham Number27.2196 (-88.27%)
Profitability
Industry RankSector Rank
ROA 32.26%
ROE 63.38%
ROCE 47.77%
ROIC 33.63%
ROICexc 48.42%
ROICexgc 58.64%
OM 34.26%
PM (TTM) 30.94%
GM 49.98%
FCFM 27.7%
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-Score9
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 0.62
Debt/EBITDA 0.48
Cap/Depr 225.96%
Cap/Sales 4.38%
Interest Coverage 250
Cash Conversion 88.62%
Profit Quality 89.51%
Current Ratio 2.54
Quick Ratio 1.77
Altman-Z N/A
F-Score9
WACC12.04%
ROIC/WACC2.79
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)47.08%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%41.35%
EPS Next Y30.91%
EPS Next 2Y30.83%
EPS Next 3Y25.29%
EPS Next 5Y21.46%
Revenue 1Y (TTM)26.53%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%23.76%
Revenue Next Year23.39%
Revenue Next 2Y24.38%
Revenue Next 3Y20.65%
Revenue Next 5Y16.48%
EBIT growth 1Y40.38%
EBIT growth 3Y3.12%
EBIT growth 5Y17.15%
EBIT Next Year38.31%
EBIT Next 3Y27.92%
EBIT Next 5Y21.65%
FCF growth 1Y32.32%
FCF growth 3Y28.47%
FCF growth 5Y23%
OCF growth 1Y41.57%
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 6 / 10 to LAR0.DE.


What is the valuation status for LAR0 stock?

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


What is the profitability of LAR0 stock?

LAM RESEARCH CORP (LAR0.DE) has a profitability rating of 8 / 10.


What is the financial health of LAM RESEARCH CORP (LAR0.DE) stock?

The financial health rating of LAM RESEARCH CORP (LAR0.DE) is 6 / 10.


What is the expected EPS growth for LAM RESEARCH CORP (LAR0.DE) stock?

The Earnings per Share (EPS) of LAM RESEARCH CORP (LAR0.DE) is expected to grow by 30.91% in the next year.