Kla Corp

Technology
Electronic Components
www.kla.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $91.01B
PE 25
Debt $5.88B
Cash $1.86B
EV $95.03B
FCF $3.51B

Earnings

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Sales & Net Margins

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Earnings	$3.70B
EBIT	$4.26B
ROE	92%
ROA	28%
FCF	$3.51B
Equity	$4.00B
Growth Stability	94%
PE	24.63
PEG	1.32
PB	22.72
P/FCF	25.9
P/S	7.88
Price/Cash	0.02
Debt/Equity	1.47
Debt/FCF	1.67
Net Margins	32%
Gross Margins	61%
Op. Margins	37%
Earnings CAGR	23%
Sales Growth YoY	30%
Sales Growth QoQ	-0%
Sales CAGR	18%
FCF CAGR	21%
Equity CAGR	23%
Earnings Stability	0.85
Earnings Growth YoY	81%
Earnings Growth QoQ	32%
Earnings CAGR 5Y	19%

Sales CAGR 5Y	15%
FCF CAGR 5Y	17%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	3%
Equity CAGR 3Y	32%
Market Cap	$91.01B
Revenue	$11.55B
Dividend Yield	1%
Payout Ratio	23%
Assets	$15.19B
Total Debt	$5.88B
Cash	$1.86B
Shares Outstanding	132.61M
EV	95.03B
Earnings Score	94%
Moat Score	98%
Safety Score	90%
Final Score	94%
Working Capital	6.04B
Current Ratio	2.54
Gross Profit	$7.00B
Shares Growth 3y	-3%
Equity Growth QoQ	12%
Equity Growth YoY	29%

Assets & ROA

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Stockholders Equity & ROE

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KLA designs and manufactures yield-management and process-monitoring diagnostic and control systems for the semiconductor industry. The systems are used to analyze the manufacturing process at various steps in a semiconductor's development. The firm's laser-scanning products are used for wafer qualification, process monitoring, and equipment monitoring. KLA also provides inspection tools and systems for optical metrology and e-beam metrology.

SEC Filings

Direct access to Kla Corp (KLAC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-Q Dec 31
- 10-Q Sep 30
- 10-K Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-K Jun 30
- 10-Q Mar 31

Sector Comparison

How does Kla Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Kla Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 23%

Stability 85%

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Kla Corp Discounted Cash Flow

Fully customizable DCF calculator online for Kla Corp.

Years

Calculation mode

= $149B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$3.5B	$4.2B	$5.1B	$6.2B	$7.4B	$9B	$11B	$13B	$16B	$19B	$23B	$230B
DCF		$3.9B	$4.2B	$4.6B	$5.1B	$5.6B	$6.1B	$6.7B	$7.4B	$8.1B	$8.9B	$89B
Value	$149B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	TTM
Net Margins	13%	24%	27%	20%	26%	21%	30%	36%	32%	28%	32%
ROA	-	20%	23%	28%	16%	16%	25%	28%	27%	21%	28%
ROE	-	102%	70%	50%	44%	45%	62%	237%	116%	82%	92%

Good Net Margins (31.83%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	TTM
Debt over FCF	-	4.23	3.07	1.94	3.62	2.15	1.76	2.22	1.77	2.19	1.67
Debt over Equity	7.66	4.46	2.41	1.39	1.38	1.31	1.02	4.75	2.02	1.97	1.47
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	94%	94%

Good Debt/FCF ratio (1.67)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Neutral Debt/Equity ratio (1.47)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (94%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	CAGR 5Y
Revenue YoY growth	-	6%	17%	16%	13%	27%	19%	33%	14%	-7%	15%
Earnings YoY growth	-	92%	31%	-13%	46%	3%	71%	60%	2%	-18%	19%
Equity YoY growth	-	64%	92%	22%	65%	0%	26%	-59%	108%	15%	3%
FCF YoY growth	-	30%	43%	12%	-12%	59%	20%	54%	11%	-9%	17%