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

AMAT EPS (Earnings per Share)

EPS Growth (3Y CAGR): 7.55%
EPS Trend (3Y Correlation): 89.1%

AMAT Revenue

Revenue Growth (3Y CAGR): 2.91%
Revenue Trend (3Y Correlation): 79.0%

Risk via 10d forecast
Volatility	42.0%
Value at Risk 5%th	62.5%
Relative Tail Risk	-9.54%

Reward TTM
Sharpe Ratio	0.63
Alpha	2.68

Character TTM
Hurst Exponent	0.515
Beta	1.591
Beta Downside	1.393

Drawdowns 3y
Max DD	49.88%
Mean DD	15.13%
Median DD	9.26%

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.

AMAT Stock Overview

Market Cap in USD	183,284m
Sub-Industry	Semiconductor Materials & Equipment
IPO / Inception	1972-10-05
Return 12m vs S&P 500	7.11%
Analyst Rating	4.21 of 5

AMAT Dividends

Dividend Yield	0.96%
Yield on Cost 5y	3.06%
Yield CAGR 5y	14.97%
Payout Consistency	99.0%
Payout Ratio	18.6%

AMAT Growth Ratios

CAGR 3y	30.75%
CAGR/Max DD Calmar Ratio	0.62
CAGR/Mean DD Pain Ratio	2.03
Current Volume	15254.4k
Average Volume	6896.4k

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (6.83b TTM) > 0 and > 6% of Revenue (6% = 1.72b TTM)

FCFTA 0.17 (>2.0%) and ΔFCFTA -2.38pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 41.36% (prev 50.06%; Δ -8.70pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.22 (>3.0%) and CFO 7.46b > Net Income 6.83b (YES >=105%, WARN >=100%)

Net Debt (1.38b) to EBITDA (9.27b) ratio: 0.15 <= 3.0 (WARN <= 3.5)

Current Ratio 2.50 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (811.0m) change vs 12m ago -2.64% (target <= -2.0% for YES)

Gross Margin 48.50% (prev 47.41%; Δ 1.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 84.33% (prev 79.81%; Δ 4.52pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 34.71 (EBITDA TTM 9.27b / Interest Expense TTM 264.0m) >= 6 (WARN >= 3)

Altman Z'' 13.03

(A) 0.35 = (Total Current Assets 19.72b - Total Current Liabilities 7.88b) / Total Assets 34.21b

(B) 1.57 = Retained Earnings (Balance) 53.69b / Total Assets 34.21b

warn (B) unusual magnitude: 1.57 — check mapping/units

(D) 3.64 = Book Value of Equity 53.60b / Total Liabilities 14.71b

Total Rating: 13.03 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 90.02

1. Piotroski 8.0pt = 3.0

2. FCF Yield 3.20% = 1.60

3. FCF Margin 20.48% = 5.12

4. Debt/Equity 0.35 = 2.44

5. Debt/Ebitda 0.15 = 2.48

6. ROIC - WACC (= 13.67)% = 12.50

7. RoE 35.91% = 2.50

8. Rev. Trend 78.97% = 5.92

9. EPS Trend 89.08% = 4.45

What is the price of AMAT shares?

As of November 16, 2025, the stock is trading at USD 226.01 with a total of 15,254,389 shares traded.
Over the past week, the price has changed by -1.76%, over one month by +3.58%, over three months by +20.41% and over the past year by +22.78%.

Is Applied Materials a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Applied Materials (NASDAQ:AMAT) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 90.02 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of AMAT is around 239.72 USD . This means that AMAT is currently overvalued and has a potential downside of 6.07%.

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	221.8	-1.9%
Analysts Target Price	221.8	-1.9%
ValueRay Target Price	274.4	21.4%

AMAT Fundamental Data Overview November 09, 2025

Market Cap USD = 183.28b (183.28b USD * 1.0 USD.USD)
P/E Trailing = 27.4875
P/E Forward = 22.9358
P/S = 6.4056
P/B = 9.1326
P/EG = 2.2506
Beta = 1.674
Revenue TTM = 28.61b USD
EBIT TTM = 9.16b USD
EBITDA TTM = 9.27b USD
Long Term Debt = 5.46b USD (from longTermDebt, last quarter)
Short Term Debt = 888.0m USD (from shortTermDebt, last quarter)
Debt = 6.76b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.38b USD (from netDebt column, last quarter)
Enterprise Value = 183.03b USD (183.28b + Debt 6.76b - CCE 7.01b)
Interest Coverage Ratio = 34.71 (Ebit TTM 9.16b / Interest Expense TTM 264.0m)
FCF Yield = 3.20% (FCF TTM 5.86b / Enterprise Value 183.03b)
FCF Margin = 20.48% (FCF TTM 5.86b / Revenue TTM 28.61b)
Net Margin = 23.88% (Net Income TTM 6.83b / Revenue TTM 28.61b)
Gross Margin = 48.50% ((Revenue TTM 28.61b - Cost of Revenue TTM 14.73b) / Revenue TTM)
Gross Margin QoQ = 48.78% (prev 49.08%)
Tobins Q-Ratio = 5.35 (Enterprise Value 183.03b / Total Assets 34.21b)
Interest Expense / Debt = 0.98% (Interest Expense 66.0m / Debt 6.76b)
Taxrate = 30.59% (784.0m / 2.56b)
NOPAT = 6.36b (EBIT 9.16b * (1 - 30.59%))
Current Ratio = 2.50 (Total Current Assets 19.72b / Total Current Liabilities 7.88b)
Debt / Equity = 0.35 (Debt 6.76b / totalStockholderEquity, last quarter 19.50b)
Debt / EBITDA = 0.15 (Net Debt 1.38b / EBITDA 9.27b)
Debt / FCF = 0.24 (Net Debt 1.38b / FCF TTM 5.86b)
Total Stockholder Equity = 19.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.97% (Net Income 6.83b / Total Assets 34.21b)
RoE = 35.91% (Net Income TTM 6.83b / Total Stockholder Equity 19.02b)
RoCE = 37.42% (EBIT 9.16b / Capital Employed (Equity 19.02b + L.T.Debt 5.46b))
RoIC = 25.15% (NOPAT 6.36b / Invested Capital 25.28b)
WACC = 11.48% (E(183.28b)/V(190.05b) * Re(11.88%) + D(6.76b)/V(190.05b) * Rd(0.98%) * (1-Tc(0.31)))
Discount Rate = 11.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.86%
[DCF Debug] Terminal Value 65.23% ; FCFE base≈6.14b ; Y1≈6.05b ; Y5≈6.22b
Fair Price DCF = 79.25 (DCF Value 63.14b / Shares Outstanding 796.6m; 5y FCF grow -2.40% → 3.0% )
EPS Correlation: 89.08 | EPS CAGR: 7.55% | SUE: 2.54 | # QB: 13
Revenue Correlation: 78.97 | Revenue CAGR: 2.91% | SUE: 0.11 | # QB: 0

Additional Sources for AMAT Stock

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