(SANM) Sanmina - NASDAQ
Sector: Technology | Industry: Electronic Components | Exchange: NASDAQ (USA) | Market Cap: 13.926m USD | Total Return: 168.8% in 12m
Avg Turnover: 224M
EPS Trend: 38.0%
Qual. Beats: 4
Rev. Trend: 29.1%
Qual. Beats: 4
Warnings
No concerns identified
Tailwinds
Rs Leader, Confidence
Sanmina Corporation (SANM) is a global electronics manufacturing services (EMS) provider headquartered in San Jose, California. The company operates through two primary segments: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). Its business model focuses on high-complexity, end-to-end manufacturing for original equipment manufacturers (OEMs) across diverse sectors including medical, defense, automotive, and cloud infrastructure.
The company provides a comprehensive suite of services ranging from initial product design and prototyping to complex assembly, logistics, and after-market repair. In the EMS industry, firms like Sanmina benefit from the growing trend of OEMs outsourcing production to reduce capital expenditures and leverage specialized supply chain expertise. Sanmina also produces critical proprietary components such as printed circuit boards (PCBs), precision machined parts, and optical solutions, which allows for deeper vertical integration compared to many pure-play assembly firms.
For a detailed analysis of the companys historical performance and valuation metrics, you may find ValueRay to be a helpful resource. The EMS sector remains highly sensitive to global supply chain fluctuations and cyclical demand in the communications and industrial markets.
- Strong demand in medical and defense sectors offsets communications infrastructure weakness
- High-margin optical and radio frequency components drive overall profitability expansion
- Inventory rationalization within industrial and automotive segments impacts short-term revenue
- Global manufacturing footprint diversification mitigates geopolitical and supply chain risks
- Capital expenditure shifts in cloud infrastructure influence storage and memory demand
| Net Income: 259.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 2.17 > 1.0 |
| NWC/Revenue: 27.95% < 20% (prev 25.40%; Δ 2.54% < -1%) |
| CFO/TA 0.10 > 3% & CFO 977.3m > Net Income 259.6m |
| Net Debt (596.2m) to EBITDA (517.0m): 1.15 < 3 |
| Current Ratio: 1.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.3m) vs 12m ago -0.36% < -2% |
| Gross Margin: 8.53% > 18% (prev 8.52%; Δ 0.01% > 0.5%) |
| Asset Turnover: 155.0% > 50% (prev 158.0%; Δ -3.07% > 0%) |
| Interest Coverage Ratio: 6.35 > 6 (EBIT TTM 424.3m / Interest Expense TTM 66.8m) |
| A: 0.33 (Total Current Assets 7.61b - Total Current Liabilities 4.44b) / Total Assets 9.67b |
| B: -0.24 (Retained Earnings -2.32b / Total Assets 9.67b) |
| C: 0.06 (EBIT TTM 424.3m / Avg Total Assets 7.32b) |
| D: 0.34 (Book Value of Equity 2.42b / Total Liabilities 7.06b) |
| Altman-Z'' = 2.12 = BBB |
| DSRI: 1.06 (Receivables 2.70b/1.77b, Revenue 11.3b/7.85b) |
| GMI: 1.00 (GM 8.52% / 8.53%) |
| AQI: 2.46 (AQ_t 0.11 / AQ_t-1 0.04) |
| SGI: 1.44 (Revenue 11.3b / 7.85b) |
| TATA: -0.07 (NI 259.6m - CFO 977.3m) / TA 9.67b) |
| Beneish M = -1.80 (Cap -4..+1) = B |
As of June 21, 2026, the stock is trading at USD 241.49 with a total of 10,438,996 shares traded.
Over the past week, the price has changed by -2.22%,
over one month by +7.47%,
over three months by +85.43% and
over the past year by +168.77%.
Sanmina has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold SANM.
- StrongBuy: 1
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 223.8 | -7.3% |
P/E Trailing = 54.0166
P/E Forward = 20.0
P/S = 1.2279
P/B = 5.653
P/EG = 1.0005
Revenue TTM = 11.3b USD
EBIT TTM = 424.3m USD
EBITDA TTM = 517.0m USD
Long Term Debt = 2.00b USD (from longTermDebt, last quarter)
Short Term Debt = 172.0m USD (from shortTermDebt, last quarter)
Debt = 2.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 596.2m USD (calculated: Debt 2.17b - CCE 1.58b)
Enterprise Value = 14.5b USD (13.9b + Debt 2.17b - CCE 1.58b)
Interest Coverage Ratio = 6.35 (Ebit TTM 424.3m / Interest Expense TTM 66.8m)
EV/FCF = 19.78x (Enterprise Value 14.5b / FCF TTM 734.2m)
FCF Yield = 5.06% (FCF TTM 734.2m / Enterprise Value 14.5b)
FCF Margin = 6.47% (FCF TTM 734.2m / Revenue TTM 11.3b)
Net Margin = 2.29% (Net Income TTM 259.6m / Revenue TTM 11.3b)
Gross Margin = 8.53% ((Revenue TTM 11.3b - Cost of Revenue TTM 10.4b) / Revenue TTM)
Gross Margin QoQ = 8.82% (prev 7.56%)
Tobins Q-Ratio = 1.50 (Enterprise Value 14.5b / Total Assets 9.67b)
Interest Expense / Debt = 3.08% (Interest Expense 66.8m / Debt 2.17b)
Taxrate = 23.23% (83.0m / 357.5m)
NOPAT = 325.7m (EBIT 424.3m * (1 - 23.23%))
Current Ratio = 1.71 (Total Current Assets 7.61b / Total Current Liabilities 4.44b)
Debt / Equity = 0.90 (Debt 2.17b / totalStockholderEquity, last quarter 2.42b)
Debt / EBITDA = 1.15 (Net Debt 596.2m / EBITDA 517.0m)
Debt / FCF = 0.81 (Net Debt 596.2m / FCF TTM 734.2m)
Total Stockholder Equity = 2.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.55% (Net Income 259.6m / Total Assets 9.67b)
RoE = 10.88% (Net Income TTM 259.6m / Total Stockholder Equity 2.39b)
RoCE = 9.68% (EBIT 424.3m / Capital Employed (Equity 2.39b + L.T.Debt 2.00b))
RoIC = 6.74% (NOPAT 325.7m / Invested Capital 4.83b)
WACC = 10.36% (E(13.9b)/V(16.1b) * Re(11.61%) + D(2.17b)/V(16.1b) * Rd(3.08%) * (1-Tc(0.23)))
Discount Rate = 11.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -75.02 | Cagr: -2.27%
[DCF] Terminal Value 71.74% ; FCFF base≈548.3m ; Y1≈628.6m ; Y5≈925.1m
[DCF] Fair Price = 180.4 (EV 10.3b - Net Debt 596.2m = Equity 9.67b / Shares 53.6m; r=10.36% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 38.01 | EPS CAGR: 6.99% | SUE: 4.0 | # QB: 4
Revenue Correlation: 29.07 | Revenue CAGR: 3.82% | SUE: 4.0 | # QB: 4
EPS current Quarter (2026-06-30): EPS=2.79 | Chg30d=+0.00% | Revisions=+33% | Analysts=4
EPS current Year (2026-09-30): EPS=11.20 | Chg30d=+0.00% | Revisions=+33% | GrowthEPS=+85.4% | GrowthRev=+73.8%
EPS next Year (2027-09-30): EPS=13.02 | Chg30d=+0.00% | Revisions=+43% | GrowthEPS=+16.3% | GrowthRev=+15.2%
[Analyst] Revisions Ratio: +43%