| Intrinsic Valuation of: LRCX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | $356B | |||||
| 2021 | - | - (-) | P/E Ratio | 54 | Total Asset | $21B | |||||
| 2022 | $3B | - (-) | Net Income | $5B | Total Debt | $4B | |||||
| 2023 | $5B | 83.2% (81.0%) | EBITDA | $7B | Total Liab | $11B | |||||
| 2024 | $4B | -9.0% (6.4%) | Opr Margin | 32.01 | Debt/Equity | 0.38 | |||||
| 2025 | $5B | 27.2% (2.9%) | PreTax Margin | 31.04 | BV/Share | 6 | |||||
| 5Y Average FCF | $4B | 15.0% (30.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 13.39% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $6B | MBG Intrinsic Value | $48 | ||||||||
| 2027 | $7B | ||||||||||
| 2028 | $7B | ||||||||||
| 2029 | $8B | ||||||||||
| 2030 | $8B | ||||||||||
| 2031 | $8B | ||||||||||
| Terminal Value | $78B | Net Worth/Share | $8 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $65B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $6B | $54 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 11.4% | 62 | 64 | 66 | 69 | 72 | |||
| Equity Value | $68B | 12.0% | 58 | 60 | 62 | 64 | 66 | ||||
| Shares Outstanding | 1,250,571,000 | 12.7% | 54 | 56 | 58 | 59 | 62 | ||||
| 13.3% | 51 | 53 | 54 | 56 | 58 | ||||||
| DCF Intrinsic Value | $54 | 14.0% | 49 | 50 | 51 | 53 | 54 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||