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SANMINA CORP (SANM) Stock Fundamental Analysis

USA - NASDAQ:SANM - US8010561020 - Common Stock

115.79 USD
+0.68 (+0.59%)
Last: 10/1/2025, 1:14:15 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to SANM. SANM was compared to 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. SANM may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make SANM suitable for value investing!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year SANM was profitable.
SANM had a positive operating cash flow in the past year.
SANM had positive earnings in each of the past 5 years.
SANM had a positive operating cash flow in each of the past 5 years.
SANM Yearly Net Income VS EBIT VS OCF VS FCFSANM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

SANM's Return On Assets of 4.96% is fine compared to the rest of the industry. SANM outperforms 70.97% of its industry peers.
SANM has a Return On Equity of 11.30%. This is in the better half of the industry: SANM outperforms 76.61% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.82%, SANM belongs to the top of the industry, outperforming 83.06% of the companies in the same industry.
SANM had an Average Return On Invested Capital over the past 3 years of 11.14%. This is in line with the industry average of 9.48%.
Industry RankSector 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%
SANM Yearly ROA, ROE, ROICSANM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

With a decent Profit Margin value of 3.22%, SANM is doing good in the industry, outperforming 62.10% of the companies in the same industry.
In the last couple of years the Profit Margin of SANM has grown nicely.
Looking at the Operating Margin, with a value of 4.70%, SANM is in the better half of the industry, outperforming 62.10% of the companies in the same industry.
In the last couple of years the Operating Margin of SANM has grown nicely.
SANM has a worse Gross Margin (8.65%) than 83.87% of its industry peers.
SANM's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
SANM Yearly Profit, Operating, Gross MarginsSANM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8

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6

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
SANM has a better debt/assets ratio than last year.
SANM Yearly Shares OutstandingSANM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
SANM Yearly Total Debt VS Total AssetsSANM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

An Altman-Z score of 2.84 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 2.84. This is in the lower half of the industry: SANM underperforms 60.48% of its industry peers.
The Debt to FCF ratio of SANM is 0.84, which is an excellent value as it means it would take SANM, only 0.84 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SANM (0.84) is better than 83.06% of its industry peers.
SANM has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
SANM has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: SANM outperforms 54.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.84
Altman-Z 2.84
ROIC/WACC1.03
WACC9.55%
SANM Yearly LT Debt VS Equity VS FCFSANM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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 62.90% of its industry peers.
SANM has a Quick Ratio of 1.21. This is a normal value and indicates that SANM is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SANM (1.21) is worse than 70.16% of its industry peers.
Industry RankSector Rank
Current Ratio 1.91
Quick Ratio 1.21
SANM Yearly Current Assets VS Current LiabilitesSANM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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5

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.
The Revenue has been decreasing by -1.67% on average over the past years.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SANM Yearly Revenue VS EstimatesSANM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B 8B
SANM Yearly EPS VS EstimatesSANM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 19.93, SANM is valued on the expensive side.
SANM's Price/Earnings ratio is rather cheap when compared to the industry. SANM is cheaper than 82.26% of the companies in the same industry.
SANM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.76.
SANM is valuated correctly with a Price/Forward Earnings ratio of 16.41.
Based on the Price/Forward Earnings ratio, SANM is valued cheaper than 83.06% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.18, SANM is valued a bit cheaper.
Industry RankSector Rank
PE 19.93
Fwd PE 16.41
SANM Price Earnings VS Forward Price EarningsSANM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

82.26% of the companies in the same industry are more expensive than SANM, based on the Enterprise Value to EBITDA ratio.
SANM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SANM is cheaper than 90.32% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.95
EV/EBITDA 11.28
SANM Per share dataSANM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

The 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)1.34
PEG (5Y)2.17
EPS Next 2Y15.6%
EPS Next 3Y15.57%

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0

5. Dividend

5.1 Amount

SANM does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SANMINA CORP

NASDAQ:SANM (10/1/2025, 1:14:15 PM)

115.79

+0.68 (+0.59%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)07-28 2025-07-28/amc
Earnings (Next)11-03 2025-11-03/amc
Inst Owners102.33%
Inst Owner Change1.79%
Ins Owners3.16%
Ins Owner Change-0.24%
Market Cap6.17B
Analysts80
Price Target128.86 (11.29%)
Short Float %5.43%
Short Ratio3.66
Dividend
Industry RankSector 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)8.6%
PT rev (3m)26.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.28%
EPS NY rev (1m)0%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 19.93
Fwd PE 16.41
P/S 0.77
P/FCF 16.95
P/OCF 13.03
P/B 2.69
P/tB 2.69
EV/EBITDA 11.28
EPS(TTM)5.81
EY5.02%
EPS(NY)7.06
Fwd EY6.09%
FCF(TTM)6.83
FCFY5.9%
OCF(TTM)8.89
OCFY7.67%
SpS151.08
BVpS43.05
TBVpS43.05
PEG (NY)1.34
PEG (5Y)2.17
Profitability
Industry RankSector 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 RankSector 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 2.84
F-Score7
WACC9.55%
ROIC/WACC1.03
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%