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SANDISK CORP (SNDK) Stock Fundamental Analysis

USA - NASDAQ:SNDK - US80004C2008 - Common Stock

149.29 USD
+1.25 (+0.84%)
Last: 10/21/2025, 8:00:02 PM
149 USD
-0.29 (-0.19%)
After Hours: 10/21/2025, 8:00:02 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to SNDK. SNDK was compared to 34 industry peers in the Technology Hardware, Storage & Peripherals industry. SNDK scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SNDK is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year SNDK has reported negative net income.
In the past year SNDK had a positive cash flow from operations.
SNDK Yearly Net Income VS EBIT VS OCF VS FCFSNDK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2022 2023 2024 2025 0 1B -1B -2B

1.2 Ratios

SNDK has a Return On Assets (-12.64%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of -17.81%, SNDK is in line with its industry, outperforming 58.82% of the companies in the same industry.
SNDK has a better Return On Invested Capital (3.47%) than 61.76% of its industry peers.
Industry RankSector Rank
ROA -12.64%
ROE -17.81%
ROIC 3.47%
ROA(3y)-11.04%
ROA(5y)N/A
ROE(3y)-14.2%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SNDK Yearly ROA, ROE, ROICSNDK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2022 2023 2024 2025 0 -5 -10 -15

1.3 Margins

SNDK has a Operating Margin of 6.89%. This is in the better half of the industry: SNDK outperforms 67.65% of its industry peers.
SNDK's Operating Margin has declined in the last couple of years.
SNDK has a Gross Margin of 30.07%. This is comparable to the rest of the industry: SNDK outperforms 50.00% of its industry peers.
SNDK's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.89%
PM (TTM) N/A
GM 30.07%
OM growth 3Y-17.92%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5YN/A
SNDK Yearly Profit, Operating, Gross MarginsSNDK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2022 2023 2024 2025 0 20 -20

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SNDK is destroying value.
Compared to 1 year ago, SNDK has more shares outstanding
SNDK has a worse debt/assets ratio than last year.
SNDK Yearly Shares OutstandingSNDK Yearly Shares OutstandingYearly Shares Outstanding 2023 2024 2025 50M 100M
SNDK Yearly Total Debt VS Total AssetsSNDK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

An Altman-Z score of 4.29 indicates that SNDK is not in any danger for bankruptcy at the moment.
SNDK has a better Altman-Z score (4.29) than 76.47% of its industry peers.
SNDK has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
SNDK has a Debt to Equity ratio of 0.20. This is in the better half of the industry: SNDK outperforms 61.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Altman-Z 4.29
ROIC/WACC0.4
WACC8.62%
SNDK Yearly LT Debt VS Equity VS FCFSNDK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

SNDK has a Current Ratio of 3.56. This indicates that SNDK is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of SNDK (3.56) is better than 85.29% of its industry peers.
SNDK has a Quick Ratio of 2.11. This indicates that SNDK is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.11, SNDK belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.56
Quick Ratio 2.11
SNDK Yearly Current Assets VS Current LiabilitesSNDK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2023 2024 2025 1B 2B 3B 4B 5B

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4

3. Growth

3.1 Past

SNDK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -95.26%.
SNDK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.39%.
Measured over the past years, SNDK shows a decrease in Revenue. The Revenue has been decreasing by -8.98% on average per year.
EPS 1Y (TTM)-95.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-115.32%
Revenue 1Y (TTM)10.39%
Revenue growth 3Y-8.98%
Revenue growth 5YN/A
Sales Q2Q%8.01%

3.2 Future

SNDK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.12% yearly.
SNDK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.58% yearly.
EPS Next Y133.98%
EPS Next 2Y80.23%
EPS Next 3Y48.12%
EPS Next 5YN/A
Revenue Next Year22.28%
Revenue Next 2Y15.98%
Revenue Next 3Y10.58%
Revenue Next 5YN/A

3.3 Evolution

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.
SNDK Yearly Revenue VS EstimatesSNDK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B 10B
SNDK Yearly EPS VS EstimatesSNDK Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 2027 2028 2 4 6 8

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SNDK. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 24.37 indicates a rather expensive valuation of SNDK.
SNDK's Price/Forward Earnings is on the same level as the industry average.
SNDK's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.23.
Industry RankSector Rank
PE N/A
Fwd PE 24.37
SNDK Price Earnings VS Forward Price EarningsSNDK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

SNDK's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 32.93
SNDK Per share dataSNDK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

SNDK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SNDK's earnings are expected to grow with 48.12% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y80.23%
EPS Next 3Y48.12%

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0

5. Dividend

5.1 Amount

No dividends for SNDK!.
Industry RankSector Rank
Dividend Yield N/A

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SANDISK CORP

NASDAQ:SNDK (10/21/2025, 8:00:02 PM)

After market: 149 -0.29 (-0.19%)

149.29

+1.25 (+0.84%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)08-14 2025-08-14/amc
Earnings (Next)11-12 2025-11-12
Inst Owners96.02%
Inst Owner Change-0.22%
Ins Owners0.25%
Ins Owner Change-2424.05%
Market Cap21.88B
Analysts79.2
Price Target81.19 (-45.62%)
Short Float %4.5%
Short Ratio1.43
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)310.53%
Min EPS beat(2)23.7%
Max EPS beat(2)597.36%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.58%
Min Revenue beat(2)2.36%
Max Revenue beat(2)2.81%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)28.39%
PT rev (3m)43.92%
EPS NQ rev (1m)0.5%
EPS NQ rev (3m)12.89%
EPS NY rev (1m)2.3%
EPS NY rev (3m)12.34%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)7.88%
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)6.57%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 24.37
P/S 2.97
P/FCF N/A
P/OCF 260.42
P/B 2.37
P/tB 5.19
EV/EBITDA 32.93
EPS(TTM)-10.77
EYN/A
EPS(NY)6.13
Fwd EY4.1%
FCF(TTM)-0.82
FCFYN/A
OCF(TTM)0.57
OCFY0.38%
SpS50.19
BVpS62.89
TBVpS28.78
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -12.64%
ROE -17.81%
ROCE 4.39%
ROIC 3.47%
ROICexc 3.97%
ROICexgc 7.89%
OM 6.89%
PM (TTM) N/A
GM 30.07%
FCFM N/A
ROA(3y)-11.04%
ROA(5y)N/A
ROE(3y)-14.2%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-17.92%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5YN/A
F-Score5
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Debt/EBITDA 2.73
Cap/Depr 125.15%
Cap/Sales 2.77%
Interest Coverage 3.65
Cash Conversion 12.54%
Profit Quality N/A
Current Ratio 3.56
Quick Ratio 2.11
Altman-Z 4.29
F-Score5
WACC8.62%
ROIC/WACC0.4
Cap/Depr(3y)82.71%
Cap/Depr(5y)N/A
Cap/Sales(3y)2.95%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-95.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-115.32%
EPS Next Y133.98%
EPS Next 2Y80.23%
EPS Next 3Y48.12%
EPS Next 5YN/A
Revenue 1Y (TTM)10.39%
Revenue growth 3Y-8.98%
Revenue growth 5YN/A
Sales Q2Q%8.01%
Revenue Next Year22.28%
Revenue Next 2Y15.98%
Revenue Next 3Y10.58%
Revenue Next 5YN/A
EBIT growth 1Y214.19%
EBIT growth 3Y-25.29%
EBIT growth 5YN/A
EBIT Next Year131.58%
EBIT Next 3Y41.83%
EBIT Next 5YN/A
FCF growth 1Y74.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y127.18%
OCF growth 3Y-58.21%
OCF growth 5YN/A