KLAC has a higher market value than 94.91% of US stocks; more precisely, its current market capitalization is $46,937,249,190.
KLAC's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 237.88 -- higher than 85.63% of US-listed equities with positive expected earnings growth.
Kla Corp's stock had its IPO on March 26, 1990, making it an older stock than 84.17% of US equities in our set.
Stocks that are quantitatively similar to KLAC, based on their financial statements, market capitalization, and price volatility, are BIIB, ADI, ILMN, SNPS, and MCHP.
KLA Tencor Corporation designs, manufactures, and markets process control and yield management solutions worldwide. The company was founded in 1975 and is based in Milpitas, California.
KLAC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Kla Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Kla Corp ranked in the 44th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 26.17%. The most interesting components of our discounted cash flow analysis for Kla Corp ended up being:
As a business, KLAC is generating more cash flow than 87.47% of positive cash flow stocks in the Technology.
The business' balance sheet reveals debt to be 7% of the company's capital (with equity being the remaining amount). Approximately only 20.68% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
KLAC's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 40.26% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
FORM, CDW, KEYS, PALT, and ACN can be thought of as valuation peers to KLAC, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
Investors can base their decisions on picking semi cap stocks on past performance, as did Wells Fargo and BofA analysts both picking Applied Materials (AMAT) as its top company because ofWFE gains in 2020. However, one year does not tell the whole story, and they didn't take into consideration a...
Robert Castellano on Seeking Alpha | January 15, 2021
When I wrote about KLA Corporation (KLAC) back in October, I noted that the stock had all three things I look for in a stock - strong fundamentals, an upward trend on the chart, and some sense of pessimism toward the stock. All of those things still apply to the...
Rick Pendergraft on Seeking Alpha | January 12, 2021
KLA Corporation (NASDAQ: KLAC) today announced that the company will review second quarter fiscal year 2021 earnings on Wednesday, Feb. 3, 2021 at 2 p.m. PT. The company's results will be published on the same day after the stock market closes, as well as supplemental disclosures including a shareholder letter and earnings slide presentation.