| Intrinsic Valuation of: LRCX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $127B | |||||
| 2021 | - | - (-) | P/E Ratio | 24 | 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 | 0.32 | Debt/Equity | 0.38 | |||||
| 2025 | $5B | 27.2% (2.9%) | PreTax Margin | 31.04 | BV/Share | 6 | |||||
| 5Y Average FCF | $4B | 33.8% (30.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | $7B | MBG Intrinsic Value | $37 | ||||||||
| 2027 | $8B | ||||||||||
| 2028 | $11B | ||||||||||
| 2029 | $13B | ||||||||||
| 2030 | $17B | ||||||||||
| 2031 | $21B | ||||||||||
| Terminal Value | $429B | Net Worth/Share | $8 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $336B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $6B | $268 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 7.3% | 233 | 252 | 274 | 301 | 336 | |||
| Equity Value | $339B | 7.4% | 231 | 249 | 271 | 298 | 331 | ||||
| Shares Outstanding | 1,265,619,968 | 7.4% | 229 | 247 | 268 | 294 | 327 | ||||
| 7.9% | 209 | 224 | 241 | 262 | 288 | ||||||
| DCF Intrinsic Value | $268 | 8.4% | 193 | 205 | 219 | 236 | 256 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||