SANMINA CORP (SANM) Stock Fundamental Analysis

NASDAQ:SANM • US8010561020

147.87 USD
-1.5 (-1%)
At close: Feb 23, 2026
147.87 USD
0 (0%)
After Hours: 2/23/2026, 5:20:02 PM
Fundamental Rating

6

Overall SANM gets a fundamental rating of 6 out of 10. We evaluated SANM against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While SANM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SANM has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • SANM had positive earnings in the past year.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

1.2 Ratios

  • SANM's Return On Assets of 2.35% is fine compared to the rest of the industry. SANM outperforms 61.29% of its industry peers.
  • 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 63.71% 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 8.82%.
  • The last Return On Invested Capital (6.25%) for SANM is well below the 3 year average (10.55%), which needs to be investigated, but indicates that SANM had better years and this may not be a problem.
Industry RankSector 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%
SANM Yearly ROA, ROE, ROICSANM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • With a decent Profit Margin value of 2.47%, 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.
  • SANM has a Operating Margin of 4.54%. This is in the better half of the industry: SANM outperforms 61.29% of its industry peers.
  • SANM's Operating Margin has improved in the last couple of years.
  • 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 RankSector 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%
SANM Yearly Profit, Operating, Gross MarginsSANM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SANM is still creating some value.
  • Compared to 1 year ago, SANM has less shares outstanding
  • SANM has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SANM has an improved debt to assets ratio.
SANM Yearly Shares OutstandingSANM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
SANM Yearly Total Debt VS Total AssetsSANM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 1.81 indicates that SANM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.81, SANM is doing worse than 64.52% of the companies in the same industry.
  • SANM has a debt to FCF ratio of 4.19. This is a neutral value as SANM would need 4.19 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.19, SANM is in the better half of the industry, outperforming 68.55% of the companies in the same industry.
  • A Debt/Equity ratio of 0.81 indicates that SANM is somewhat dependend on debt financing.
  • SANM has a Debt to Equity ratio of 0.81. This is amonst the worse of the industry: SANM underperforms 83.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF 4.19
Altman-Z 1.81
ROIC/WACC0.68
WACC9.17%
SANM Yearly LT Debt VS Equity VS FCFSANM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.70 indicates that SANM should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.70, SANM is doing worse than 68.55% of the companies in the same industry.
  • 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.
  • The Quick ratio of SANM (1.04) is worse than 77.42% of its industry peers.
Industry RankSector Rank
Current Ratio 1.7
Quick Ratio 1.04
SANM Yearly Current Assets VS Current LiabilitesSANM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 28.97% 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 14.53% on average per year.
  • SANM shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.93%.
  • SANM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.15% yearly.
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

  • The Earnings Per Share is expected to grow by 41.40% on average over the next years. This is a very strong growth
  • 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.
  • 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B
SANM Yearly EPS VS EstimatesSANM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8 10

8

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.15, SANM is valued on the expensive side.
  • 77.42% of the companies in the same industry are more expensive than SANM, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.64. SANM is valued slightly cheaper when compared to this.
  • SANM is valuated correctly with a Price/Forward Earnings ratio of 12.22.
  • 87.90% 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 27.75. SANM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 21.15
Fwd PE 12.22
SANM Price Earnings VS Forward Price EarningsSANM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • 72.58% of the companies in the same industry are more expensive than SANM, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SANM indicates a rather cheap valuation: SANM is cheaper than 87.90% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.58
EV/EBITDA 16.21
SANM Per share dataSANM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of SANM may justify a higher PE ratio.
  • SANM's earnings are expected to grow with 41.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)1.46
EPS Next 2Y41.4%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

  • No dividends for SANM!.
Industry RankSector Rank
Dividend Yield 0%

SANMINA CORP

NASDAQ:SANM (2/23/2026, 5:20:02 PM)

After market: 147.87 0 (0%)

147.87

-1.5 (-1%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-26
Earnings (Next)04-27
Inst Owners102.11%
Inst Owner Change-1.51%
Ins Owners3.23%
Ins Owner Change2.14%
Market Cap8.07B
Revenue(TTM)9.31B
Net Income(TTM)230.18M
Analysts80
Price Target210.8 (42.56%)
Short Float %6.68%
Short Ratio4.35
Dividend
Industry RankSector 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)5.43%
EPS NQ rev (3m)5.43%
EPS NY rev (1m)5.98%
EPS NY rev (3m)45.36%
Revenue NQ rev (1m)-5.94%
Revenue NQ rev (3m)-5.94%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)61.53%
Valuation
Industry RankSector Rank
PE 21.15
Fwd PE 12.22
P/S 0.87
P/FCF 15.58
P/OCF 10.98
P/B 3.26
P/tB 3.73
EV/EBITDA 16.21
EPS(TTM)6.99
EY4.73%
EPS(NY)12.1
Fwd EY8.18%
FCF(TTM)9.49
FCFY6.42%
OCF(TTM)13.47
OCFY9.11%
SpS170.54
BVpS45.3
TBVpS39.69
PEG (NY)0.3
PEG (5Y)1.46
Graham Number84.41
Profitability
Industry RankSector 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 RankSector 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 1.81
F-Score5
WACC9.17%
ROIC/WACC0.68
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.