Discounted Cash Flow
LAM Research Corp.
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—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $5.9b | $914.0m | $1.3b | 15.5% | $5.75 |
| 2017 | $8.0b (36.1%) | $1.7b (85.7%) | $2.0b (52.2%) | 21.2% (36.4%) | $10.47 (82.1%) |
| 2018 | $11.1b (38.2%) | $2.4b (40.2%) | $2.6b (30.8%) | 21.5% (1.4%) | $14.73 (40.7%) |
| 2019 | $9.7b (-12.9%) | $2.2b (-7.9%) | $3.2b (19.8%) | 22.7% (5.6%) | $14.37 (-2.4%) |
| 2020 | $10.0b (4.1%) | $2.3b (2.8%) | $2.1b (-33.8%) | 22.4% (-1.2%) | $15.55 (8.2%) |
| 2021 | $14.6b (45.6%) | $3.9b (73.6%) | $3.5b (68.9%) | 26.7% (19.2%) | $27.22 (75.0%) |
| 2022 | $17.2b (17.8%) | $4.6b (17.8%) | $3.0b (-14.4%) | 26.7% (0.0%) | $32.92 (20.9%) |
| 2023 | $17.4b (1.2%) | $4.5b (-2.0%) | $5.1b (70.5%) | 25.9% (-3.2%) | $33.30 (1.2%) |
| 2024 | $14.9b (-14.5%) | $3.8b (-15.1%) | $4.6b (-10.8%) | 25.7% (-0.8%) | $29.13 (-12.5%) |
| 2025 | $18.4b (23.7%) | $5.4b (40.0%) | $6.1b (32.7%) | 29.1% (13.2%) | $4.17 (-85.7%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.