科磊股票討論區

1) There’s plenty of bad news within $英特爾(INTC.US)$ 's report, and recent news/reports about competitors ( $台積電(TSM.US)$ 's A16 commentary, reported demand for $英偉達(NVDA.US)$ 's Arm-powered GB200, reported IPC gains for $美國超微公司(AMD.US)$ 's Zen 5) don’t help matters either. But with the EV down to ~$170B, maybe we’re at the point where the stock could work again on an SOTP basis, at least for a trade, given the value of Intel’s assets/IP, som...

$科磊(KLAC.US)$
why is it dropping now? bad future growth?

1. $阿斯麥(ASML.US)$ | ASML Holding
• Chip Equipment Niche | Photolithography Monopoly
• Enterprise Value | $318.2B
• 2024 Key Metrics | 51x FCF; 34x EBITDA; 1% rev growth
• Competitive Advantage: They stand out as the sole supplier of extreme ultraviolet (EUV) lithography machines, a critical technology for manufacturing the most advanced semiconductor chips. Their market advantage is deeply rooted in this unique offering, which enables the production of smaller, more p...

In the semiconductor industry, four monopolistic equipment makers stand out as crucial for developing ever-smaller, more efficient chips -- here are the top 4 monopolies dominating this space 👇
1. $阿斯麥(ASML.US)$ - monopoly in lithography machines
2. $應用材料(AMAT.US)$ - makes machines across manufacturing process
3. $泛林集團(LRCX.US)$ - largest etching equipment provider
4. $科磊(KLAC.US)$ - dominates process diagnostics & control space

$台積電(TSM.US)$ stands as a titan in the semiconductor industry, renowned for its advanced chip fabrication capabilities. As TSMC announces substantial capital expenditures to expand and upgrade its manufacturing facilities, the ripple effect is set to benefit a wide array of suppliers in the semiconductor ecosystem. Its suppliers can be categorized into several key areas:
Equipment Suppliers:
$阿斯麥(ASML.US)$: A leadin...

$科磊(KLAC.US)$在2022年3月分析中由於估值相對增速有較多折扣被選出，至今股價提升84%。
1980年上市，主要做過程控制和良率管理解決方案業務，當前價格673.92。
5年來營收持續增長，平均增速21%，營業利潤除2019年受毛利率下滑費用增加影響萎縮外增長了4年，平均增速21%，淨利潤平均增速33.4%。受股票回購影響，每股收益增速達到36.5%。2023年利息費用佔營業利潤的5.6%，利息負擔不重。毛利率近5年基本在60%上下波動，淨資產收益率從54.9%提高到了156.8%。
2024上半年營收萎縮14.5%，營業利潤萎縮19.8%，淨利潤受資本性資產減值影響萎縮了34%。
5年來資產負債率從70.3%提高到79.3%。 應收的比例和增速正常，存貨增長較快，2023年達到營收的27.4%，比例略高。
商譽及其他無形資產32.14億，是29.2億淨資產的1.1倍，長期借款58.91億，槓桿率在板塊內較高，這解釋了超高的淨資產收益率。
目前現金33.43億，流動比率1.9，速動比率1.2。
5年來現金流經營淨額大幅高於投資淨額，產生了很多股東盈餘。
目前市盈...

RECAP
US stocks continued their march higher, with the S&P 500 decisively closing above the 5,000 level for the first time ever. The rally has been fueled continued strong corporate earnings and signs of progress in the Federal Reserve's goal of lowering inflation that could move policy makers to finally start cutting rates.
The $標普500指數(.SPX.US)$ rose for a 14th week out of 15, the first for large-cap inde...