SANMINA CORP (SANM) Fundamental Analysis & Valuation
NASDAQ:SANM • US8010561020
123 USD
-7.29 (-5.6%)
At close: Mar 6, 2026
122.78 USD
-0.22 (-0.18%)
After Hours: 3/6/2026, 8:00:02 PM
This SANM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
SANM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While SANM has a great profitability rating, there are some minor concerns on its financial health. An interesting combination arises when we look at growth and value: SANM is growing strongly while it also seems undervalued.
1. SANM Profitability Analysis
1.1 Basic Checks
- In the past year SANM was profitable.
- SANM had a positive operating cash flow in the past year.
- In the past 5 years SANM has always been profitable.
- SANM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.35%, SANM is in the better half of the industry, outperforming 61.29% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 9.31%, SANM is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
- SANM has a better Return On Invested Capital (6.25%) than 65.32% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SANM is in line with the industry average of 8.86%.
- The 3 year average ROIC (10.55%) for SANM is well above the current ROIC(6.25%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 9.31% | ||
| ROIC | 6.25% |
ROA(3y)5.06%
ROA(5y)5.22%
ROE(3y)11.62%
ROE(5y)12.27%
ROIC(3y)10.55%
ROIC(5y)10.34%
1.3 Margins
- SANM has a better Profit Margin (2.47%) than 62.10% of its industry peers.
- In the last couple of years the Profit Margin of SANM has grown nicely.
- SANM has a better Operating Margin (4.54%) than 61.29% of its industry peers.
- In the last couple of years the Operating Margin of SANM has grown nicely.
- Looking at the Gross Margin, with a value of 8.49%, SANM is doing worse than 82.26% of the companies in the same industry.
- In the last couple of years the Gross Margin of SANM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.54% | ||
| PM (TTM) | 2.47% | ||
| GM | 8.49% |
OM growth 3Y2.64%
OM growth 5Y5.16%
PM growth 3Y-0.06%
PM growth 5Y8.5%
GM growth 3Y3.92%
GM growth 5Y3.12%
2. SANM Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SANM is creating some value.
- Compared to 1 year ago, SANM has less shares outstanding
- SANM has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for SANM has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.73, we must say that SANM is in the distress zone and has some risk of bankruptcy.
- SANM has a Altman-Z score of 1.73. This is in the lower half of the industry: SANM underperforms 62.90% of its industry peers.
- The Debt to FCF ratio of SANM is 4.19, which is a neutral value as it means it would take SANM, 4.19 years of fcf income to pay off all of its debts.
- SANM has a Debt to FCF ratio of 4.19. This is in the better half of the industry: SANM outperforms 66.94% of its industry peers.
- A Debt/Equity ratio of 0.81 indicates that SANM is somewhat dependend on debt financing.
- SANM's Debt to Equity ratio of 0.81 is on the low side compared to the rest of the industry. SANM is outperformed by 83.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 4.19 | ||
| Altman-Z | 1.73 |
ROIC/WACC0.69
WACC9%
2.3 Liquidity
- A Current Ratio of 1.70 indicates that SANM should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.70, SANM is not doing good in the industry: 68.55% of the companies in the same industry are doing better.
- SANM has a Quick Ratio of 1.04. This is a normal value and indicates that SANM is financially healthy and should not expect problems in meeting its short term obligations.
- SANM has a worse Quick ratio (1.04) than 78.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.04 |
3. SANM Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 28.97% over the past year.
- SANM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.53% yearly.
- SANM shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.93%.
- Measured over the past years, SANM shows a small growth in Revenue. The Revenue has been growing by 3.15% on average per year.
EPS 1Y (TTM)28.97%
EPS 3Y6.42%
EPS 5Y14.53%
EPS Q2Q%65.28%
Revenue 1Y (TTM)20.93%
Revenue growth 3Y0.87%
Revenue growth 5Y3.15%
Sales Q2Q%58.98%
3.2 Future
- Based on estimates for the next years, SANM will show a very strong growth in Earnings Per Share. The EPS will grow by 41.40% on average per year.
- Based on estimates for the next years, SANM will show a very strong growth in Revenue. The Revenue will grow by 39.90% on average per year.
EPS Next Y69.52%
EPS Next 2Y41.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year73.36%
Revenue Next 2Y39.9%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. SANM Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 17.60 indicates a rather expensive valuation of SANM.
- SANM's Price/Earnings ratio is a bit cheaper when compared to the industry. SANM is cheaper than 79.84% of the companies in the same industry.
- When comparing the Price/Earnings ratio of SANM to the average of the S&P500 Index (26.29), we can say SANM is valued slightly cheaper.
- The Price/Forward Earnings ratio is 10.17, which indicates a very decent valuation of SANM.
- 89.52% of the companies in the same industry are more expensive than SANM, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 24.57. SANM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.6 | ||
| Fwd PE | 10.17 |
4.2 Price Multiples
- 75.81% of the companies in the same industry are more expensive than SANM, based on the Enterprise Value to EBITDA ratio.
- 89.52% of the companies in the same industry are more expensive than SANM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.96 | ||
| EV/EBITDA | 14.31 |
4.3 Compensation for Growth
- SANM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- SANM has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as SANM's earnings are expected to grow with 41.40% in the coming years.
PEG (NY)0.25
PEG (5Y)1.21
EPS Next 2Y41.4%
EPS Next 3YN/A
5. SANM Dividend Analysis
5.1 Amount
- SANM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
SANM Fundamentals: All Metrics, Ratios and Statistics
123
-7.29 (-5.6%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-26 2026-01-26/amc
Earnings (Next)04-27 2026-04-27
Inst Owners102.11%
Inst Owner Change-1.51%
Ins Owners3.23%
Ins Owner Change1.75%
Market Cap6.72B
Revenue(TTM)9.31B
Net Income(TTM)230.18M
Analysts80
Price Target210.8 (71.38%)
Short Float %5.91%
Short Ratio3.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.91%
Min EPS beat(2)4.28%
Max EPS beat(2)9.55%
EPS beat(4)4
Avg EPS beat(4)5.03%
Min EPS beat(4)0.41%
Max EPS beat(4)9.55%
EPS beat(8)7
Avg EPS beat(8)3.57%
EPS beat(12)9
Avg EPS beat(12)1.91%
EPS beat(16)13
Avg EPS beat(16)4.33%
Revenue beat(2)1
Avg Revenue beat(2)0.8%
Min Revenue beat(2)-0.08%
Max Revenue beat(2)1.68%
Revenue beat(4)2
Avg Revenue beat(4)0.39%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)1.68%
Revenue beat(8)3
Avg Revenue beat(8)-0.51%
Revenue beat(12)4
Avg Revenue beat(12)-1.26%
Revenue beat(16)8
Avg Revenue beat(16)0.83%
PT rev (1m)9.73%
PT rev (3m)9.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.43%
EPS NY rev (1m)5.98%
EPS NY rev (3m)45.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.94%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)61.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.6 | ||
| Fwd PE | 10.17 | ||
| P/S | 0.72 | ||
| P/FCF | 12.96 | ||
| P/OCF | 9.13 | ||
| P/B | 2.72 | ||
| P/tB | 3.1 | ||
| EV/EBITDA | 14.31 |
EPS(TTM)6.99
EY5.68%
EPS(NY)12.1
Fwd EY9.84%
FCF(TTM)9.49
FCFY7.72%
OCF(TTM)13.47
OCFY10.95%
SpS170.54
BVpS45.3
TBVpS39.69
PEG (NY)0.25
PEG (5Y)1.21
Graham Number84.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 9.31% | ||
| ROCE | 8.15% | ||
| ROIC | 6.25% | ||
| ROICexc | 8.59% | ||
| ROICexgc | 9.35% | ||
| OM | 4.54% | ||
| PM (TTM) | 2.47% | ||
| GM | 8.49% | ||
| FCFM | 5.57% |
ROA(3y)5.06%
ROA(5y)5.22%
ROE(3y)11.62%
ROE(5y)12.27%
ROIC(3y)10.55%
ROIC(5y)10.34%
ROICexc(3y)14.13%
ROICexc(5y)13.77%
ROICexgc(3y)14.13%
ROICexgc(5y)13.77%
ROCE(3y)13.76%
ROCE(5y)13.48%
ROICexgc growth 3Y-1.19%
ROICexgc growth 5Y4.73%
ROICexc growth 3Y-1.19%
ROICexc growth 5Y4.73%
OM growth 3Y2.64%
OM growth 5Y5.16%
PM growth 3Y-0.06%
PM growth 5Y8.5%
GM growth 3Y3.92%
GM growth 5Y3.12%
F-Score5
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 4.19 | ||
| Debt/EBITDA | 3.64 | ||
| Cap/Depr | 170.75% | ||
| Cap/Sales | 2.33% | ||
| Interest Coverage | 16.62 | ||
| Cash Conversion | 133.77% | ||
| Profit Quality | 225.19% | ||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 1.73 |
F-Score5
WACC9%
ROIC/WACC0.69
Cap/Depr(3y)125.38%
Cap/Depr(5y)114.07%
Cap/Sales(3y)1.81%
Cap/Sales(5y)1.65%
Profit Quality(3y)103.17%
Profit Quality(5y)99.13%
High Growth Momentum
Growth
EPS 1Y (TTM)28.97%
EPS 3Y6.42%
EPS 5Y14.53%
EPS Q2Q%65.28%
EPS Next Y69.52%
EPS Next 2Y41.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)20.93%
Revenue growth 3Y0.87%
Revenue growth 5Y3.15%
Sales Q2Q%58.98%
Revenue Next Year73.36%
Revenue Next 2Y39.9%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y22.15%
EBIT growth 3Y3.53%
EBIT growth 5Y8.48%
EBIT Next Year120.55%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y282.51%
FCF growth 3Y35.02%
FCF growth 5Y15.07%
OCF growth 1Y126.97%
OCF growth 3Y23.33%
OCF growth 5Y15.6%
SANMINA CORP / SANM FAQ
What is the ChartMill fundamental rating of SANMINA CORP (SANM) stock?
ChartMill assigns a fundamental rating of 6 / 10 to SANM.
What is the valuation status of SANMINA CORP (SANM) stock?
ChartMill assigns a valuation rating of 8 / 10 to SANMINA CORP (SANM). This can be considered as Undervalued.
How profitable is SANMINA CORP (SANM) stock?
SANMINA CORP (SANM) has a profitability rating of 7 / 10.
How financially healthy is SANMINA CORP?
The financial health rating of SANMINA CORP (SANM) is 4 / 10.
What is the earnings growth outlook for SANMINA CORP?
The Earnings per Share (EPS) of SANMINA CORP (SANM) is expected to grow by 69.52% in the next year.