SANMINA CORP (SANM) Fundamental Analysis & Valuation
NASDAQ:SANM • US8010561020
130.29 USD
-9.26 (-6.64%)
At close: Mar 5, 2026
131 USD
+0.71 (+0.54%)
After Hours: 3/5/2026, 8:20:13 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 belongs to the best of the industry regarding profitability, 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
- 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
- SANM has a better Return On Assets (2.35%) than 61.29% of its industry peers.
- With a decent Return On Equity value of 9.31%, SANM is doing good in the industry, outperforming 70.97% of the companies in the same industry.
- SANM has a Return On Invested Capital of 6.25%. This is in the better half of the industry: SANM outperforms 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.
- SANM's Profit Margin has improved in the last couple of years.
- The Operating Margin of SANM (4.54%) is better than 61.29% of its industry peers.
- In the last couple of years the Operating Margin of SANM has grown nicely.
- SANM's Gross Margin of 8.49% is on the low side compared to the rest of the industry. SANM is outperformed by 82.26% of its industry peers.
- 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
- SANM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, SANM has less shares outstanding
- The number of shares outstanding for SANM has been reduced compared to 5 years ago.
- SANM has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.77, we must say that SANM is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 1.77, SANM is not doing good in the industry: 62.90% of the companies in the same industry are doing better.
- 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.
- SANM has a Debt/Equity ratio of 0.81. This is a neutral value indicating SANM is somewhat dependend on debt financing.
- SANM has a worse Debt to Equity ratio (0.81) than 83.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 4.19 | ||
| Altman-Z | 1.77 |
ROIC/WACC0.7
WACC8.95%
2.3 Liquidity
- SANM has a Current Ratio of 1.70. 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 Current ratio (1.70) than 68.55% of its industry peers.
- 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's Quick ratio of 1.04 is on the low side compared to the rest of the industry. SANM is outperformed by 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.
- Looking at the last year, SANM shows a very strong growth in Revenue. 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
- SANM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 41.40% yearly.
- 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.
4. SANM Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 18.64, which indicates a rather expensive current valuation of SANM.
- Based on the Price/Earnings ratio, SANM is valued a bit cheaper than the industry average as 79.03% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 26.74. SANM is valued slightly cheaper when compared to this.
- SANM is valuated reasonably with a Price/Forward Earnings ratio of 10.77.
- SANM's Price/Forward Earnings ratio is rather cheap when compared to the industry. SANM is cheaper than 89.52% of the companies in the same industry.
- SANM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.64 | ||
| Fwd PE | 10.77 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SANM indicates a somewhat cheap valuation: SANM is cheaper than 74.19% of the companies listed in the same industry.
- SANM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SANM is cheaper than 88.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.72 | ||
| EV/EBITDA | 15.23 |
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.
- The decent profitability rating of SANM 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)0.27
PEG (5Y)1.28
EPS Next 2Y41.4%
EPS Next 3YN/A
5. SANM Dividend Analysis
5.1 Amount
- No dividends for SANM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
SANM Fundamentals: All Metrics, Ratios and Statistics
130.29
-9.26 (-6.64%)
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 Cap7.11B
Revenue(TTM)9.31B
Net Income(TTM)230.18M
Analysts80
Price Target210.8 (61.79%)
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 | 18.64 | ||
| Fwd PE | 10.77 | ||
| P/S | 0.76 | ||
| P/FCF | 13.72 | ||
| P/OCF | 9.67 | ||
| P/B | 2.88 | ||
| P/tB | 3.28 | ||
| EV/EBITDA | 15.23 |
EPS(TTM)6.99
EY5.36%
EPS(NY)12.1
Fwd EY9.28%
FCF(TTM)9.49
FCFY7.29%
OCF(TTM)13.47
OCFY10.34%
SpS170.54
BVpS45.3
TBVpS39.69
PEG (NY)0.27
PEG (5Y)1.28
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 | 1.77 |
F-Score5
WACC8.95%
ROIC/WACC0.7
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.