Overview Dividends

(AMAT) Applied Materials - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0382221051

Semiconductor Equipment, Display Tools, Service Software

Semiconductor Materials & Equipment
Market Cap in USD: 178,452m

IPO / Inception: 1972-10-05
Return 12m vs S&P 500: 27.0%

EPS (Earnings per Share)

EPS CAGR: 3.75%
EPS Trend: 87.3%

Last SUE: 1.11
Qual. Beats: 14

Revenue

Rev. CAGR: 2.18%
Rev. Trend: 82.3%

Last SUE: 0.13
Qual. Beats: 0

Dividends

Dividend Yield	0.71%
Yield on Cost 5y	2.25%
Yield CAGR 5y	14.97%
Payout Consistency	99.0%
Payout Ratio	15.2%

Risk via 10d forecast
Volatility	46.5%
Value at Risk 5%th	69.7%
Relative Tail Risk	-8.95%

Reward TTM
Sharpe Ratio	0.99
Alpha	23.31
CAGR/Max DD	0.70

Character TTM
Hurst Exponent	0.450
Beta	1.596
Beta Downside	1.378

Drawdowns 3y
Max DD	49.88%
Mean DD	15.18%
Median DD	9.32%

Description: AMAT Applied Materials September 25, 2025

Applied Materials (NASDAQ: AMAT) supplies manufacturing equipment, services, and software to the semiconductor, display, and related industries, operating through three core segments: Semiconductor Systems, Applied Global Services, and Display. The Semiconductor Systems segment builds capital-equipment used to fabricate integrated circuits, while Applied Global Services delivers spares, upgrades, and automation software to boost fab productivity. The Display segment provides manufacturing tools for LCD, OLED, and emerging display technologies, as well as equipment for solar-cell production.

Geographically, AMAT’s footprint spans the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe, reflecting its role as a critical supplier in the global chip-making supply chain. The company, founded in 1967 and headquartered in Santa Clara, California, benefits from macro-drivers such as the U.S. CHIPS and Science Act, which is expected to increase domestic fab spending, and the accelerating demand for AI-optimized chips that typically require more advanced lithography and deposition tools.

Key recent metrics: FY 2023 revenue reached approximately $25.4 billion, with a gross margin of ~45 % and a backlog of roughly $12 billion, indicating strong order flow. Capital expenditures rose 18 % YoY, signaling continued investment in next-generation equipment, while the company’s R&D spend remained above 10 % of revenue, underscoring its focus on technology leadership.

For a deeper quantitative assessment of AMAT’s valuation metrics, you may find ValueRay’s analyst toolkit useful.

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (7.00b TTM) > 0 and > 6% of Revenue (6% = 1.70b TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA -6.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 45.41% (prev 46.92%; Δ -1.51pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.22 (>3.0%) and CFO 7.96b > Net Income 7.00b (YES >=105%, WARN >=100%)

Net Debt (-686.0m) to EBITDA (9.65b) ratio: -0.07 <= 3.0 (WARN <= 3.5)

Current Ratio 2.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (798.0m) change vs 12m ago -3.62% (target <= -2.0% for YES)

Gross Margin 48.67% (prev 47.46%; Δ 1.22pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 80.24% (prev 78.98%; Δ 1.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 35.46 (EBITDA TTM 9.65b / Interest Expense TTM 269.0m) >= 6 (WARN >= 3)

Altman Z'' 10.31

(A) 0.35 = (Total Current Assets 20.88b - Total Current Liabilities 8.00b) / Total Assets 36.30b

(B) 1.48 = Retained Earnings (Balance) 53.69b / Total Assets 36.30b

warn (B) unusual magnitude: 1.48 — check mapping/units

(D) 1.29 = Book Value of Equity 20.41b / Total Liabilities 15.88b

Total Rating: 10.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 89.62

1. Piotroski 7.50pt

2. FCF Yield 3.23%

3. FCF Margin 20.09%

4. Debt/Equity 0.32

5. Debt/Ebitda -0.07

6. ROIC - WACC (= 20.05)%

7. RoE 36.12%

8. Rev. Trend 82.32%

9. EPS Trend 87.29%

What is the price of AMAT shares?

As of November 30, 2025, the stock is trading at USD 252.25 with a total of 2,916,326 shares traded.
Over the past week, the price has changed by +12.61%, over one month by +11.03%, over three months by +52.93% and over the past year by +45.83%.

Is AMAT a buy, sell or hold?

Applied Materials has received a consensus analysts rating of 4.21. Therefore, it is recommended to buy AMAT.

Strong Buy: 21
Buy: 6
Hold: 10
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the AMAT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	240.6	-4.6%
Analysts Target Price	240.6	-4.6%
ValueRay Target Price	318.9	26.4%

AMAT Fundamental Data Overview November 23, 2025

Market Cap USD = 178.45b (178.45b USD * 1.0 USD.USD)
P/E Trailing = 25.8368
P/E Forward = 23.6967
P/S = 6.2906
P/B = 8.5939
P/EG = 1.9253
Beta = 1.674
Revenue TTM = 28.37b USD
EBIT TTM = 9.54b USD
EBITDA TTM = 9.65b USD
Long Term Debt = 5.46b USD (from longTermDebt, two quarters ago)
Short Term Debt = 100.0m USD (from shortTermDebt, last quarter)
Debt = 6.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -686.0m USD (from netDebt column, last quarter)
Enterprise Value = 176.43b USD (178.45b + Debt 6.55b - CCE 8.57b)
Interest Coverage Ratio = 35.46 (Ebit TTM 9.54b / Interest Expense TTM 269.0m)
FCF Yield = 3.23% (FCF TTM 5.70b / Enterprise Value 176.43b)
FCF Margin = 20.09% (FCF TTM 5.70b / Revenue TTM 28.37b)
Net Margin = 24.67% (Net Income TTM 7.00b / Revenue TTM 28.37b)
Gross Margin = 48.67% ((Revenue TTM 28.37b - Cost of Revenue TTM 14.56b) / Revenue TTM)
Gross Margin QoQ = 48.01% (prev 48.78%)
Tobins Q-Ratio = 4.86 (Enterprise Value 176.43b / Total Assets 36.30b)
Interest Expense / Debt = 1.08% (Interest Expense 71.0m / Debt 6.55b)
Taxrate = 16.32% (370.0m / 2.27b)
NOPAT = 7.98b (EBIT 9.54b * (1 - 16.32%))
Current Ratio = 2.61 (Total Current Assets 20.88b / Total Current Liabilities 8.00b)
Debt / Equity = 0.32 (Debt 6.55b / totalStockholderEquity, last quarter 20.41b)
Debt / EBITDA = -0.07 (Net Debt -686.0m / EBITDA 9.65b)
Debt / FCF = -0.12 (Net Debt -686.0m / FCF TTM 5.70b)
Total Stockholder Equity = 19.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.28% (Net Income 7.00b / Total Assets 36.30b)
RoE = 36.12% (Net Income TTM 7.00b / Total Stockholder Equity 19.38b)
RoCE = 38.41% (EBIT 9.54b / Capital Employed (Equity 19.38b + L.T.Debt 5.46b))
RoIC = 31.56% (NOPAT 7.98b / Invested Capital 25.29b)
WACC = 11.51% (E(178.45b)/V(185.01b) * Re(11.90%) + D(6.55b)/V(185.01b) * Rd(1.08%) * (1-Tc(0.16)))
Discount Rate = 11.90% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.65%
[DCF Debug] Terminal Value 64.94% ; FCFE base≈6.41b ; Y1≈6.25b ; Y5≈6.29b
Fair Price DCF = 80.15 (DCF Value 63.85b / Shares Outstanding 796.6m; 5y FCF grow -3.69% → 3.0% )
EPS Correlation: 87.29 | EPS CAGR: 3.75% | SUE: 1.11 | # QB: 14
Revenue Correlation: 82.32 | Revenue CAGR: 2.18% | SUE: 0.13 | # QB: 0

Additional Sources for AMAT Stock

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Fund Manager Positions: Dataroma | Stockcircle