SANMINA CORP (SANM) Fundamental Analysis & Valuation
NASDAQ:SANM • US8010561020
141.49 USD
+3.52 (+2.55%)
Last: Mar 4, 2026, 01:58 PM
This SANM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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. SANM has an excellent profitability rating, but there are some minor concerns on its financial health. SANM is evaluated to be cheap and growing strongly. This does not happen too often!
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.
- Each year in the past 5 years SANM had a positive operating cash flow.
1.2 Ratios
- With a decent Return On Assets value of 2.35%, SANM is doing good in the industry, outperforming 61.29% of the companies in the same industry.
- The Return On Equity of SANM (9.31%) is better than 70.97% of its industry peers.
- SANM's Return On Invested Capital of 6.25% is fine compared to the rest of the industry. SANM outperforms 65.32% of its industry peers.
- SANM had an Average Return On Invested Capital over the past 3 years of 10.55%. This is in line with the industry average of 8.86%.
- 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 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
- Looking at the Profit Margin, with a value of 2.47%, SANM is in the better half of the industry, outperforming 62.10% of the companies in the same industry.
- 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.
- SANM's Operating Margin has improved in the last couple of years.
- With a Gross Margin value of 8.49%, SANM is not doing good in the industry: 82.26% of the companies in the same industry are doing better.
- 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SANM is still creating some value.
- SANM has less shares outstanding than it did 1 year ago.
- SANM has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SANM has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.76, we must say that SANM is in the distress zone and has some risk of bankruptcy.
- SANM has a Altman-Z score of 1.76. This is in the lower half of the industry: SANM underperforms 62.90% of its industry peers.
- 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.
- Looking at the Debt to FCF ratio, with a value of 4.19, SANM is in the better half of the industry, outperforming 66.94% of the companies in the same industry.
- SANM has a Debt/Equity ratio of 0.81. This is a neutral value indicating SANM is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.81, SANM is not doing good in the industry: 83.87% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 4.19 | ||
| Altman-Z | 1.76 |
ROIC/WACC0.7
WACC8.9%
2.3 Liquidity
- A Current Ratio of 1.70 indicates that SANM should not have too much problems paying 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.
- The Quick ratio of SANM (1.04) is worse than 77.42% 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.
- The Revenue has grown by 20.93% in the past year. This is a very strong growth!
- The Revenue has been growing slightly by 3.15% on average over the past years.
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
- SANM is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 39.90% yearly.
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
- SANM is valuated rather expensively with a Price/Earnings ratio of 20.24.
- 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.
- When comparing the Price/Earnings ratio of SANM to the average of the S&P500 Index (26.83), we can say SANM is valued slightly cheaper.
- The Price/Forward Earnings ratio is 11.70, which indicates a very decent valuation of SANM.
- Based on the Price/Forward Earnings ratio, SANM is valued cheaply inside the industry as 89.52% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.95, SANM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.24 | ||
| Fwd PE | 11.7 |
4.2 Price Multiples
- 74.19% 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 87.90% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.9 | ||
| EV/EBITDA | 15.08 |
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.
- SANM has a very decent profitability rating, which 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)0.29
PEG (5Y)1.39
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
NASDAQ:SANM (3/4/2026, 1:58:04 PM)
141.49
+3.52 (+2.55%)
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 Cap7.73B
Revenue(TTM)9.31B
Net Income(TTM)230.18M
Analysts80
Price Target210.8 (48.99%)
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 | 20.24 | ||
| Fwd PE | 11.7 | ||
| P/S | 0.83 | ||
| P/FCF | 14.9 | ||
| P/OCF | 10.5 | ||
| P/B | 3.12 | ||
| P/tB | 3.57 | ||
| EV/EBITDA | 15.08 |
EPS(TTM)6.99
EY4.94%
EPS(NY)12.1
Fwd EY8.55%
FCF(TTM)9.49
FCFY6.71%
OCF(TTM)13.47
OCFY9.52%
SpS170.54
BVpS45.3
TBVpS39.69
PEG (NY)0.29
PEG (5Y)1.39
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 | 1.76 |
F-Score5
WACC8.9%
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.