SANMINA CORP (SANM) Fundamental Analysis & Valuation
NASDAQ:SANM • US8010561020
139.55 USD
+1.58 (+1.15%)
At close: Mar 4, 2026
139.61 USD
+0.06 (+0.04%)
Pre-Market: 3/5/2026, 6:59:59 AM
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. While SANM has a great profitability rating, 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!
1. SANM Profitability Analysis
1.1 Basic Checks
- In the past year SANM was profitable.
- SANM had a positive operating cash flow in the past year.
- In the past 5 years SANM has always been profitable.
- Each year in the past 5 years SANM had a positive operating cash flow.
1.2 Ratios
- SANM has a Return On Assets of 2.35%. This is in the better half of the industry: SANM outperforms 61.29% of its industry peers.
- SANM has a better Return On Equity (9.31%) than 70.97% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 6.25%, SANM is in the better half of the industry, outperforming 65.32% 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 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
- The Profit Margin of SANM (2.47%) is better than 62.10% of its industry peers.
- SANM's Profit Margin has improved in the last couple of years.
- SANM's Operating Margin of 4.54% is fine compared to the rest of the industry. SANM outperforms 61.29% of its industry peers.
- In the last couple of years the Operating Margin of SANM has grown nicely.
- 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.
- SANM's Gross Margin has improved in the last couple of years.
| 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.
- The number of shares outstanding for SANM has been reduced compared to 1 year ago.
- SANM has less shares outstanding than it did 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.
- Looking at the Altman-Z score, with a value of 1.77, SANM is doing worse than 62.90% of the companies in the same industry.
- 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.
- The Debt to FCF ratio of SANM (4.19) is better than 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.
- The Debt to Equity ratio of SANM (0.81) is worse 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
WACC8.92%
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 Current ratio of 1.70. This is in the lower half of the industry: SANM underperforms 68.55% of its industry peers.
- A Quick Ratio of 1.04 indicates that SANM should not have too much problems paying 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
- SANM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.97%, which is quite impressive.
- 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!
- 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
- 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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
4. SANM Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 19.96, which indicates a rather expensive current valuation of SANM.
- Compared to the rest of the industry, the Price/Earnings ratio of SANM indicates a somewhat cheap valuation: SANM is cheaper than 79.03% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.03. SANM is valued slightly cheaper when compared to this.
- A Price/Forward Earnings ratio of 11.54 indicates a reasonable valuation of SANM.
- Based on the Price/Forward Earnings ratio, SANM is valued 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 25.11.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.96 | ||
| Fwd PE | 11.54 |
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.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SANM indicates a rather cheap valuation: SANM is cheaper than 88.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.7 | ||
| EV/EBITDA | 15.23 |
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.
- A more expensive valuation may be justified as SANM's earnings are expected to grow with 41.40% in the coming years.
PEG (NY)0.29
PEG (5Y)1.37
EPS Next 2Y41.4%
EPS Next 3YN/A
5. SANM Dividend Analysis
5.1 Amount
- SANM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
SANM Fundamentals: All Metrics, Ratios and Statistics
139.55
+1.58 (+1.15%)
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 Cap7.62B
Revenue(TTM)9.31B
Net Income(TTM)230.18M
Analysts80
Price Target210.8 (51.06%)
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 | 19.96 | ||
| Fwd PE | 11.54 | ||
| P/S | 0.82 | ||
| P/FCF | 14.7 | ||
| P/OCF | 10.36 | ||
| P/B | 3.08 | ||
| P/tB | 3.52 | ||
| EV/EBITDA | 15.23 |
EPS(TTM)6.99
EY5.01%
EPS(NY)12.1
Fwd EY8.67%
FCF(TTM)9.49
FCFY6.8%
OCF(TTM)13.47
OCFY9.65%
SpS170.54
BVpS45.3
TBVpS39.69
PEG (NY)0.29
PEG (5Y)1.37
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
WACC8.92%
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.