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NMS · Valuation Lab
LRCX
Lam Research Corporation
Last$307.42
Market cap384.7B
EV/EBITDA42.4x
Intrinsic value
$100.41
MoS -206.2% · Overvalued
Assuming 14.1% FCF margin and 30.0% Y1–5 growth.
Upside to price
EV (DCF)123.8B
Terminal share52%
Expected IV$104.04
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 52% of EV
PV of stage FCFs58.8B
PV of terminal value64.9B
Enterprise value123.8B
Net cash / (debt)1.8B
Equity value125.6B
Intrinsic value / share$100.41
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 30.2B | 4.3B | 3.8B | 88.2% |
| Y2 | 39.3B | 5.5B | 4.3B | 77.7% |
| Y3 | 51B | 7.2B | 4.9B | 68.5% |
| Y4 | 66.4B | 9.4B | 5.6B | 60.4% |
| Y5 | 86.3B | 12.2B | 6.5B | 53.2% |
| Y6 | 99.2B | 14B | 6.6B | 46.9% |
| Y7 | 114.1B | 16.1B | 6.7B | 41.4% |
| Y8 | 131.2B | 18.5B | 6.7B | 36.5% |
| Y9 | 150.9B | 21.3B | 6.8B | 32.1% |
| Y10 | 173.5B | 24.5B | 6.9B | 28.3% |
| Terminal | — | — | 64.9B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.