SANMINA CORP (SANM) Stock Fundamental Analysis
NASDAQ:SANM - US8010561020 - Common Stock
122.61 USD
+4.85 (+4.12%)
122.61 USD
0 (0%)
Taking everything into account, SANM scores 6 out of 10 in our fundamental rating. SANM was compared to 125 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. SANM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
SANM had positive earnings in the past year.
In the past year SANM had a positive cash flow from operations.
SANM had positive earnings in each of the past 5 years.
In the past 5 years SANM always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SANM (4.96%) is better than 71.20% of its industry peers.
With a decent Return On Equity value of 11.30%, SANM is doing good in the industry, outperforming 76.80% of the companies in the same industry.
The Return On Invested Capital of SANM (9.82%) is better than 83.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SANM is in line with the industry average of 9.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.96% | ||
| ROE | 11.3% | ||
| ROIC | 9.82% |
ROA(3y)5.31%
ROA(5y)5.12%
ROE(3y)12.54%
ROE(5y)11.9%
ROIC(3y)11.14%
ROIC(5y)10.2%
1.3 Margins
The Profit Margin of SANM (3.22%) is better than 62.40% of its industry peers.
SANM's Profit Margin has improved in the last couple of years.
The Operating Margin of SANM (4.70%) is better than 62.40% of its industry peers.
SANM's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 8.65%, SANM is not doing good in the industry: 83.20% of the companies in the same industry are doing better.
SANM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.7% | ||
| PM (TTM) | 3.22% | ||
| GM | 8.65% |
OM growth 3Y4.33%
OM growth 5Y4.63%
PM growth 3Y-7.46%
PM growth 5Y11.26%
GM growth 3Y2.72%
GM growth 5Y3.31%
2. Health
2.1 Basic Checks
SANM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SANM has been reduced compared to 1 year ago.
Compared to 5 years ago, SANM has less shares outstanding
Compared to 1 year ago, SANM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.92 indicates that SANM is not a great score, but indicates only limited risk for bankruptcy at the moment.
SANM has a Altman-Z score of 2.92. This is comparable to the rest of the industry: SANM outperforms 44.80% of its industry peers.
SANM has a debt to FCF ratio of 0.84. This is a very positive value and a sign of high solvency as it would only need 0.84 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.84, SANM belongs to the top of the industry, outperforming 83.20% of the companies in the same industry.
A Debt/Equity ratio of 0.13 indicates that SANM is not too dependend on debt financing.
SANM has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: SANM outperforms 54.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 0.84 | ||
| Altman-Z | 2.92 |
ROIC/WACC1.06
WACC9.27%
2.3 Liquidity
A Current Ratio of 1.91 indicates that SANM should not have too much problems paying its short term obligations.
SANM has a Current ratio of 1.91. This is in the lower half of the industry: SANM underperforms 62.40% of its industry peers.
A Quick Ratio of 1.21 indicates that SANM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.21, SANM is doing worse than 70.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.25% over the past year.
Measured over the past years, SANM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.20% on average per year.
The Revenue has been growing slightly by 5.88% in the past year.
Measured over the past years, SANM shows a decrease in Revenue. The Revenue has been decreasing by -1.67% on average per year.
EPS 1Y (TTM)10.25%
EPS 3Y9.97%
EPS 5Y9.2%
EPS Q2Q%22.4%
Revenue 1Y (TTM)5.88%
Revenue growth 3Y3.95%
Revenue growth 5Y-1.67%
Sales Q2Q%10.87%
3.2 Future
SANM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.57% yearly.
The Revenue is expected to grow by 7.17% on average over the next years.
EPS Next Y14.89%
EPS Next 2Y15.6%
EPS Next 3Y15.57%
EPS Next 5YN/A
Revenue Next Year7.73%
Revenue Next 2Y7.53%
Revenue Next 3Y7.17%
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. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.10, the valuation of SANM can be described as rather expensive.
SANM's Price/Earnings ratio is a bit cheaper when compared to the industry. SANM is cheaper than 79.20% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.03. SANM is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 17.38, the valuation of SANM can be described as rather expensive.
Based on the Price/Forward Earnings ratio, SANM is valued a bit cheaper than 76.80% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.54. SANM is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.1 | ||
| Fwd PE | 17.38 |
4.2 Price Multiples
80.80% of the companies in the same industry are more expensive than SANM, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, SANM is valued cheaply inside the industry as 89.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.95 | ||
| EV/EBITDA | 12.08 |
4.3 Compensation for Growth
SANM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SANM has a very decent profitability rating, which may justify a higher PE ratio.
SANM's earnings are expected to grow with 15.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.42
PEG (5Y)2.29
EPS Next 2Y15.6%
EPS Next 3Y15.57%
5. Dividend
5.1 Amount
No dividends for SANM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
122.61
+4.85 (+4.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners99.65%
Inst Owner Change1.79%
Ins Owners3.16%
Ins Owner Change0.38%
Market Cap6.53B
Analysts80
Price Target125.46 (2.32%)
Short Float %5.11%
Short Ratio3.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)3.15%
Min EPS beat(2)0.41%
Max EPS beat(2)5.88%
EPS beat(4)4
Avg EPS beat(4)3.19%
Min EPS beat(4)0.41%
Max EPS beat(4)5.88%
EPS beat(8)6
Avg EPS beat(8)1.2%
EPS beat(12)9
Avg EPS beat(12)2.54%
EPS beat(16)12
Avg EPS beat(16)3.8%
Revenue beat(2)1
Avg Revenue beat(2)-0.01%
Min Revenue beat(2)-0.99%
Max Revenue beat(2)0.97%
Revenue beat(4)2
Avg Revenue beat(4)0.11%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)1.08%
Revenue beat(8)2
Avg Revenue beat(8)-1.74%
Revenue beat(12)5
Avg Revenue beat(12)-0.07%
Revenue beat(16)8
Avg Revenue beat(16)0.58%
PT rev (1m)5.73%
PT rev (3m)27.24%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)-5.42%
EPS NY rev (1m)1.06%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.11%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.1 | ||
| Fwd PE | 17.38 | ||
| P/S | 0.81 | ||
| P/FCF | 17.95 | ||
| P/OCF | 13.8 | ||
| P/B | 2.85 | ||
| P/tB | 2.85 | ||
| EV/EBITDA | 12.08 |
EPS(TTM)5.81
EY4.74%
EPS(NY)7.06
Fwd EY5.75%
FCF(TTM)6.83
FCFY5.57%
OCF(TTM)8.89
OCFY7.25%
SpS151.08
BVpS43.05
TBVpS43.05
PEG (NY)1.42
PEG (5Y)2.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.96% | ||
| ROE | 11.3% | ||
| ROCE | 12.73% | ||
| ROIC | 9.82% | ||
| ROICexc | 13.42% | ||
| ROICexgc | 13.42% | ||
| OM | 4.7% | ||
| PM (TTM) | 3.22% | ||
| GM | 8.65% | ||
| FCFM | 4.52% |
ROA(3y)5.31%
ROA(5y)5.12%
ROE(3y)12.54%
ROE(5y)11.9%
ROIC(3y)11.14%
ROIC(5y)10.2%
ROICexc(3y)14.4%
ROICexc(5y)13.26%
ROICexgc(3y)14.4%
ROICexgc(5y)13.26%
ROCE(3y)14.44%
ROCE(5y)13.22%
ROICexcg growth 3Y0.47%
ROICexcg growth 5Y-1.86%
ROICexc growth 3Y0.47%
ROICexc growth 5Y-1.86%
OM growth 3Y4.33%
OM growth 5Y4.63%
PM growth 3Y-7.46%
PM growth 5Y11.26%
GM growth 3Y2.72%
GM growth 5Y3.31%
F-Score7
Asset Turnover1.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 0.84 | ||
| Debt/EBITDA | 0.57 | ||
| Cap/Depr | 90.16% | ||
| Cap/Sales | 1.36% | ||
| Interest Coverage | 22.55 | ||
| Cash Conversion | 94.67% | ||
| Profit Quality | 140.4% | ||
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 2.92 |
F-Score7
WACC9.27%
ROIC/WACC1.06
Cap/Depr(3y)126.73%
Cap/Depr(5y)100.96%
Cap/Sales(3y)1.79%
Cap/Sales(5y)1.48%
Profit Quality(3y)65.72%
Profit Quality(5y)94.15%
High Growth Momentum
Growth
EPS 1Y (TTM)10.25%
EPS 3Y9.97%
EPS 5Y9.2%
EPS Q2Q%22.4%
EPS Next Y14.89%
EPS Next 2Y15.6%
EPS Next 3Y15.57%
EPS Next 5YN/A
Revenue 1Y (TTM)5.88%
Revenue growth 3Y3.95%
Revenue growth 5Y-1.67%
Sales Q2Q%10.87%
Revenue Next Year7.73%
Revenue Next 2Y7.53%
Revenue Next 3Y7.17%
Revenue Next 5YN/A
EBIT growth 1Y6.13%
EBIT growth 3Y8.46%
EBIT growth 5Y2.88%
EBIT Next Year44.94%
EBIT Next 3Y13.17%
EBIT Next 5YN/A
FCF growth 1Y837.98%
FCF growth 3Y-4.75%
FCF growth 5Y-1.61%
OCF growth 1Y97.11%
OCF growth 3Y0.19%
OCF growth 5Y-2.34%