Detectors, Sensors and MemsCleanTechManufacturingSemiconductor
Description
Lam Research Corporation (Lam Research) supplies wafer fabrication equipment and services to the semiconductor industry.
The company has built a strong global presence with core competencies in areas, such as nanoscale manufacturing enablement, chem…
Analysis
Quality compounder
Lam Research Corporation earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 73.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 24% a year, against analyst forecasts of 22%. The price, in other words, assumes less than the experts do.
Growth is solid; the safety picture is adequate. The company scores 20/20 on our value-creation score: strong value creator.
Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 20235
72
2023202420252026
All-time high
72
Jun 2026
All-time low
5
Jan 2023
Average rank
47
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
22
30
30
54
Price/Earnings
37
63
56
64
Price/Book
7
9
11
12
Dividend Yield
85
87
91
89
Value (overall)
39
65
65
63
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.