Lam Research CorporationFind Ratings Reports
LAM RESEARCH CORP's gross profit margin for the third quarter of its fiscal year 2021 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. LAM RESEARCH CORP is extremely liquid. Currently, the Quick Ratio is 2.38 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 18.15% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q3 FY21||Q3 FY20|
|Net Sales ($mil)||3847.65||2503.63|
|Net Income ($mil)||1071.12||574.78|
|Balance Sheet||Q3 FY21||Q3 FY20|
|Cash & Equiv. ($mil)||5789.47||5393.14|
|Total Assets ($mil)||15284.91||12938.64|
|Total Debt ($mil)||5817.05||5249.21|
|Profitability||Q3 FY21||Q3 FY20|
|Gross Profit Margin||48.01||48.81|
|Return on Assets||22.63||16.2|
|Return on Equity||64.38||46.09|
|Debt||Q3 FY21||Q3 FY20|
|Share Data||Q3 FY21||Q3 FY20|
|Shares outstanding (mil)||142.61||145.16|
|Div / share||1.3||1.15|
|Book value / share||37.69||31.34|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1656885.0||1448502.0|
BUY. LAM RESEARCH CORP's P/E ratio indicates a significant discount compared to an average of 50.79 for the Machinery Manufacturing subsector and a significant discount compared to the S&P 500 average of 44.74. For additional comparison, its price-to-book ratio of 17.01 indicates a significant premium versus the S&P 500 average of 4.43 and a significant premium versus the subsector average of 12.10. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. The valuation analysis reveals that, LAM RESEARCH CORP seems to be trading at a discount to investment alternatives.
|LRCX 27.06||Peers 47.26||LRCX 31.00||Peers 31.64|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
LRCX is trading at a significant discount to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
LRCX is trading at a valuation on par to its peers.
|LRCX 19.92||Peers 29.94||LRCX 0.35||Peers 1.44|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
LRCX is trading at a discount to its peers.
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
LRCX trades at a significant discount to its peers.
|LRCX 17.01||Peers 12.10||LRCX 70.30||Peers 70.34|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
LRCX is trading at a significant premium to its peers.
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
LRCX is expected to keep pace with its peers on the basis of earnings growth.
|LRCX 6.89||Peers 11.01||LRCX 38.05||Peers 26.76|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
LRCX is trading at a significant discount to its subsector on this measurement.
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share.
LRCX has a sales growth rate that significantly exceeds its peers.