SANMINA CORP (SANM) Stock Fundamental Analysis
USA - NASDAQ:SANM - US8010561020 - Common Stock
169.8 USD
+0.63 (+0.37%)
168.78 USD
-1.02 (-0.6%)
SANM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 123 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SANM had positive earnings in the past year.
In the past year SANM had a positive cash flow from operations.
Each year in the past 5 years SANM has been profitable.
In the past 5 years SANM always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.20%, SANM is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
With a decent Return On Equity value of 9.68%, SANM is doing good in the industry, outperforming 72.36% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.97%, SANM belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SANM is in line with the industry average of 9.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 9.68% | ||
| ROIC | 9.97% |
ROA(3y)5.06%
ROA(5y)5.22%
ROE(3y)11.37%
ROE(5y)12.12%
ROIC(3y)10.55%
ROIC(5y)10.34%
1.3 Margins
The Profit Margin of SANM (3.03%) is better than 60.98% of its industry peers.
SANM's Profit Margin has improved in the last couple of years.
The Operating Margin of SANM (4.86%) is better than 61.79% of its industry peers.
SANM's Operating Margin has improved in the last couple of years.
The Gross Margin of SANM (8.81%) is worse than 83.74% of its industry peers.
SANM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.86% | ||
| PM (TTM) | 3.03% | ||
| GM | 8.81% |
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. 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.
SANM has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SANM has been reduced compared to 5 years ago.
The debt/assets ratio for SANM has been reduced compared to a year ago.
2.2 Solvency
SANM has a debt to FCF ratio of 0.63. This is a very positive value and a sign of high solvency as it would only need 0.63 years to pay back of all of its debts.
SANM has a Debt to FCF ratio of 0.63. This is amongst the best in the industry. SANM outperforms 82.11% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that SANM is not too dependend on debt financing.
SANM has a Debt to Equity ratio (0.11) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.63 | ||
| Altman-Z | N/A |
ROIC/WACC1.1
WACC9.1%
2.3 Liquidity
SANM has a Current Ratio of 1.72. 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 (1.72) than 66.67% of its industry peers.
A Quick Ratio of 1.02 indicates that SANM should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.02, SANM is not doing good in the industry: 77.24% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
SANM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.58%, which is quite good.
SANM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.53% yearly.
SANM shows a small growth in Revenue. In the last year, the Revenue has grown by 7.40%.
Measured over the past years, SANM shows a small growth in Revenue. The Revenue has been growing by 3.15% on average per year.
EPS 1Y (TTM)14.58%
EPS 3Y6.42%
EPS 5Y14.53%
EPS Q2Q%16.78%
Revenue 1Y (TTM)7.4%
Revenue growth 3Y0.87%
Revenue growth 5Y3.15%
Sales Q2Q%3.91%
3.2 Future
The Earnings Per Share is expected to grow by 16.06% on average over the next years. This is quite good.
SANM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.88% yearly.
EPS Next Y16.63%
EPS Next 2Y16.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.32%
Revenue Next 2Y6.88%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 28.07, the valuation of SANM can be described as expensive.
Based on the Price/Earnings ratio, SANM is valued a bit cheaper than the industry average as 65.04% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of SANM to the average of the S&P500 Index (26.34), we can say SANM is valued inline with the index average.
The Price/Forward Earnings ratio is 24.07, which indicates a rather expensive current valuation of SANM.
SANM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SANM is cheaper than 62.60% of the companies in the same industry.
SANM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.43, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.07 | ||
| Fwd PE | 24.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SANM is valued a bit cheaper than 68.29% of the companies in the same industry.
SANM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SANM is cheaper than 85.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.92 | ||
| EV/EBITDA | 16.37 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SANM may justify a higher PE ratio.
SANM's earnings are expected to grow with 16.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.69
PEG (5Y)1.93
EPS Next 2Y16.06%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SANM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
169.8
+0.63 (+0.37%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners102.33%
Inst Owner Change-0.04%
Ins Owners3.16%
Ins Owner Change-0.06%
Market Cap9.05B
Revenue(TTM)8.13B
Net Income(TTM)245.89M
Analysts80
Price Target165.58 (-2.49%)
Short Float %5.49%
Short Ratio3.8
Dividend
| Industry Rank | Sector 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)5.08%
Min EPS beat(2)4.28%
Max EPS beat(2)5.88%
EPS beat(4)4
Avg EPS beat(4)3.53%
Min EPS beat(4)0.41%
Max EPS beat(4)5.88%
EPS beat(8)7
Avg EPS beat(8)2.9%
EPS beat(12)9
Avg EPS beat(12)2.04%
EPS beat(16)13
Avg EPS beat(16)4.44%
Revenue beat(2)1
Avg Revenue beat(2)0.45%
Min Revenue beat(2)-0.08%
Max Revenue beat(2)0.97%
Revenue beat(4)1
Avg Revenue beat(4)-0.18%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)0.97%
Revenue beat(8)2
Avg Revenue beat(8)-0.93%
Revenue beat(12)4
Avg Revenue beat(12)-0.78%
Revenue beat(16)8
Avg Revenue beat(16)0.98%
PT rev (1m)28.5%
PT rev (3m)39.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.21%
EPS NY rev (1m)0%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.07 | ||
| Fwd PE | 24.07 | ||
| P/S | 1.11 | ||
| P/FCF | 18.92 | ||
| P/OCF | 14.58 | ||
| P/B | 3.56 | ||
| P/tB | 3.56 | ||
| EV/EBITDA | 16.37 |
EPS(TTM)6.05
EY3.56%
EPS(NY)7.06
Fwd EY4.16%
FCF(TTM)8.97
FCFY5.29%
OCF(TTM)11.65
OCFY6.86%
SpS152.56
BVpS47.66
TBVpS47.66
PEG (NY)1.69
PEG (5Y)1.93
Graham Number80.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 9.68% | ||
| ROCE | 13.01% | ||
| ROIC | 9.97% | ||
| ROICexc | 14.35% | ||
| ROICexgc | 14.35% | ||
| OM | 4.86% | ||
| PM (TTM) | 3.03% | ||
| GM | 8.81% | ||
| FCFM | 5.88% |
ROA(3y)5.06%
ROA(5y)5.22%
ROE(3y)11.37%
ROE(5y)12.12%
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-Score6
Asset Turnover1.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.63 | ||
| Debt/EBITDA | 0.55 | ||
| Cap/Depr | 119.26% | ||
| Cap/Sales | 1.75% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 120.63% | ||
| Profit Quality | 194.47% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z | N/A |
F-Score6
WACC9.1%
ROIC/WACC1.1
Cap/Depr(3y)124.02%
Cap/Depr(5y)113.25%
Cap/Sales(3y)1.79%
Cap/Sales(5y)1.64%
Profit Quality(3y)103.83%
Profit Quality(5y)99.52%
High Growth Momentum
Growth
EPS 1Y (TTM)14.58%
EPS 3Y6.42%
EPS 5Y14.53%
EPS Q2Q%16.78%
EPS Next Y16.63%
EPS Next 2Y16.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.4%
Revenue growth 3Y0.87%
Revenue growth 5Y3.15%
Sales Q2Q%3.91%
Revenue Next Year7.32%
Revenue Next 2Y6.88%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y14.27%
EBIT growth 3Y3.53%
EBIT growth 5Y8.48%
EBIT Next Year39.33%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y108.82%
FCF growth 3Y35.48%
FCF growth 5Y15.31%
OCF growth 1Y82.43%
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 5 / 10 to SANM.
What is the valuation status for SANM stock?
ChartMill assigns a valuation rating of 5 / 10 to SANMINA CORP (SANM). This can be considered as Fairly Valued.
How profitable is SANMINA CORP (SANM) stock?
SANMINA CORP (SANM) has a profitability rating of 7 / 10.
Can you provide the financial health for SANM stock?
The financial health rating of SANMINA CORP (SANM) is 5 / 10.
What is the expected EPS growth for SANMINA CORP (SANM) stock?
The Earnings per Share (EPS) of SANMINA CORP (SANM) is expected to grow by 16.63% in the next year.