Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

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Enterprise Value to FCFF (EV/FCFF)

Microsoft Excel

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Free Cash Flow to The Firm (FCFF)

Lam Research Corp., FCFF calculation

US$ in thousands

Microsoft Excel
12 months ended: Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Net income
Net noncash charges
Changes in operating asset and liability accounts
Net cash provided by operating activities
Cash payments for interest, net of tax1
Capital expenditures and intangible assets
Right-of-use assets obtained in exchange for finance lease obligations
Free cash flow to the firm (FCFF)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Lam Research Corp. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Lam Research Corp. FCFF decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Interest Paid, Net of Tax

Lam Research Corp., interest paid, net of tax calculation

US$ in thousands

Microsoft Excel
12 months ended: Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Cash payments for interest, before tax
Less: Cash payments for interest, tax2
Cash payments for interest, net of tax

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

1 See details »

2 2023 Calculation
Cash payments for interest, tax = Cash payments for interest × EITR
= × =


Enterprise Value to FCFF Ratio, Current

Lam Research Corp., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Advanced Micro Devices Inc.
Analog Devices Inc.
Applied Materials Inc.
Broadcom Inc.
Enphase Energy Inc.
Intel Corp.
KLA Corp.
Micron Technology Inc.
NVIDIA Corp.
ON Semiconductor Corp.
Qualcomm Inc.
Texas Instruments Inc.
EV/FCFF, Sector
Semiconductors & Semiconductor Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-06-25).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

Lam Research Corp., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Advanced Micro Devices Inc.
Analog Devices Inc.
Applied Materials Inc.
Broadcom Inc.
Enphase Energy Inc.
Intel Corp.
KLA Corp.
Micron Technology Inc.
NVIDIA Corp.
ON Semiconductor Corp.
Qualcomm Inc.
Texas Instruments Inc.
EV/FCFF, Sector
Semiconductors & Semiconductor Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

1 See details »

2 See details »

3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Lam Research Corp. EV/FCFF ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.