Back to KLAC Overview
NMS · Valuation Lab
KLAC
KLA Corporation
Last$192.80
Market cap251.8B
EV/EBITDA39.6x
Intrinsic value
$34.36
MoS -461.1% · Overvalued
Assuming 15.0% FCF margin and 15.2% Y1–5 growth.
Upside to price
EV (DCF)45.9B
Terminal share52%
Expected IV$35.82
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 52% of EV
PV of stage FCFs22.2B
PV of terminal value23.7B
Enterprise value45.9B
Net cash / (debt)-985M
Equity value44.9B
Intrinsic value / share$34.36
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 15.6B | 2.3B | 2.1B | 89.8% |
| Y2 | 18B | 2.7B | 2.2B | 80.7% |
| Y3 | 20.8B | 3.1B | 2.3B | 72.5% |
| Y4 | 23.9B | 3.6B | 2.3B | 65.1% |
| Y5 | 27.6B | 4.1B | 2.4B | 58.5% |
| Y6 | 29.6B | 4.4B | 2.3B | 52.5% |
| Y7 | 31.9B | 4.8B | 2.3B | 47.2% |
| Y8 | 34.3B | 5.1B | 2.2B | 42.4% |
| Y9 | 36.9B | 5.5B | 2.1B | 38.1% |
| Y10 | 39.7B | 6B | 2B | 34.2% |
| Terminal | — | — | 23.7B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.