A Business at a Glance
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SANMINA CORP
SANM
$11.5B
Mkt Cap
$208.43
-4.63%
SANMINA CORP (SANM) has a current P/E ratio of 49.7, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
SANMINA CORP (SANM) has a 5-year average return on invested capital (ROIC) of 15.9%. This indicates strong capital allocation and a potential competitive advantage.
SANMINA CORP (SANM) has a market capitalization of $11.2B. It is classified as a large-cap stock.
SANMINA CORP (SANM) does not currently pay a regular dividend.
Based on historical P/E analysis, SANMINA CORP (SANM) appears expensive. The current P/E of 49.7 is 231% above its historical median of 15.0. The estimated fair value CAGR (P/E method) is 21.9%.
SANMINA CORP (SANM) operates in the Printed Circuit Boards industry, within the Technology sector.
SANMINA CORP (SANM) reported annual revenue of $8.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Sanmina Corporation (“we” or “Sanmina” or the “Company”) is a leading global provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. We provide these comprehensive offerings primarily to original equipment manufacturers (“OEMs”) in the following industries: industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure. Our customer-focused organization with 39,000 employees, including 4,000 temporary employees, supports our customers from 20 countries on four continents. We locate our facilities near our customers and their end markets in major centers for the electronics industry or in lower-cost locations. The combination of our advanced technologies, extensive manufacturing expertise and economies of scale enables us to meet the specialized needs of our customers. All references in this report to years refer to our fiscal years unless otherwise noted.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 8.1B | 7.6B | 8.9B | 7.9B | 6.7B |
| Net Income | 0 | 246M | 223M | 310M | 240M | 250M |
| EPS | $0.00 | $4.46 | $3.91 | $5.18 | $3.81 | $3.72 |
| Free Cash Flow | 0 | 473M | 229M | 44M | 192M | 265M |
| ROIC | - | 14.1% | 12.5% | 19.9% | 17.6% | 15.3% |
| Gross Margin | - | 8.8% | 8.5% | 8.3% | 7.9% | 7.8% |
| Debt/Equity | 0.00 | 0.12 | 0.13 | 0.15 | 0.19 | 0.21 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 355M | 335M | 456M | 349M | 256M |
| Operating Margin | 0.0% | 4.4% | 4.4% | 5.1% | 4.4% | 3.8% |
| ROE | 0.0% | 10.0% | 9.5% | 14.9% | 13.6% | 15.1% |
| Shares Outstanding | 54M | 55M | 57M | 60M | 63M | 67M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.2B | 6.4B | 6.5B | 6.9B | 7.1B | 8.2B | 7.0B | 6.7B | 7.9B | 8.9B | 7.6B | 8.1B | 0 |
| Gross Margin | 7.9% | 7.6% | 7.9% | 7.6% | 6.5% | 7.2% | 7.4% | 7.8% | 7.9% | 8.3% | 8.5% | 8.8% | N/A |
| R&D | 32M | 33M | 38M | 34M | 31M | 28M | 23M | 21M | 21M | 26M | 29M | 31M | 31M |
| SG&A | 242M | 239M | 245M | 252M | 251M | 260M | 241M | 235M | 245M | 255M | 266M | 290M | 290M |
| EBIT | 200M | 203M | 225M | 226M | 119M | 286M | 219M | 256M | 349M | 456M | 335M | 355M | 0 |
| Op. Margin | 3.2% | 3.2% | 3.5% | 3.3% | 1.7% | 3.5% | 3.2% | 3.8% | 4.4% | 5.1% | 4.4% | 4.4% | 0.0% |
| Net Income | 197M | 377M | 188M | 139M | -96M | 142M | 133M | 250M | 240M | 310M | 223M | 246M | 0 |
| Net Margin | 3.2% | 5.9% | 2.9% | 2.0% | -1.3% | 1.7% | 1.9% | 3.7% | 3.0% | 3.5% | 2.9% | 3.0% | 0.0% |
| Non-Recurring | 13M | 28M | 2.7M | -112K | 60M | 14M | 33M | 15M | 16M | 6.1M | 10M | 6.3M | 6.3M |
| Returns on Capital | |||||||||||||
| ROIC | 15.5% | 14.4% | 12.3% | 8.1% | 4.4% | 13.0% | 10.0% | 15.3% | 17.6% | 19.9% | 12.5% | 14.1% | N/A |
| ROE | 16.9% | 27.3% | 12.0% | 8.5% | -6.1% | 9.1% | 8.1% | 15.1% | 13.6% | 14.9% | 9.5% | 10.0% | 0.0% |
| ROA | 6.3% | 11.1% | 5.3% | 3.7% | -2.4% | 3.5% | 3.5% | 6.6% | 5.6% | 6.4% | 4.6% | 4.6% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 307M | 175M | 390M | 251M | 156M | 383M | 301M | 338M | 331M | 235M | 340M | 621M | 0 |
| Free Cash Flow | 238M | 56M | 270M | 139M | 38M | 248M | 235M | 265M | 192M | 44M | 229M | 473M | 0 |
| Owner Earnings | 191M | 54M | 251M | 94M | 4.8M | 235M | 160M | 194M | 182M | 67M | 160M | 438M | -183M |
| CapEx | 70M | 119M | 120M | 112M | 119M | 135M | 66M | 73M | 139M | 191M | 111M | 147M | 0 |
| Maint. CapEx | 98M | 101M | 112M | 119M | 119M | 117M | 114M | 110M | 109M | 118M | 122M | 119M | 119M |
| Growth CapEx | 0 | 19M | 8.5M | 0 | 61K | 18M | 0 | 0 | 30M | 73M | 0 | 28M | 0 |
| D&A | 98M | 101M | 112M | 119M | 119M | 117M | 114M | 110M | 109M | 118M | 122M | 119M | 119M |
| CapEx/OCF | 22.6% | 68.1% | 30.9% | 44.6% | 76.0% | 35.2% | 22.0% | 21.7% | 41.9% | 81.4% | 32.7% | 23.7% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 76M | 123M | 142M | 177M | 158M | 13M | 179M | 64M | 331M | 0 | 0 | 0 | 0 |
| Buyback Yield | 3.6% | 6.7% | 6.3% | 5.8% | 9.8% | 0.6% | 10.4% | 2.5% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 19M | 21M | 27M | 38M | 33M | 31M | 26M | 35M | 40M | 50M | 57M | 63M | 63M |
| Debt Repayment | 422M | 124M | 18M | 43M | 3.4M | 378M | 39M | 19M | 333M | 18M | 22M | 18M | 18M |
| Balance Sheet | |||||||||||||
| Net Debt | 77M | 125M | 64M | 73M | 188M | -69M | -133M | -172M | -183M | -329M | -309M | -626M | 0 |
| Cash & Equiv. | 467M | 412M | 398M | 407M | 420M | 455M | 481M | 516M | 530M | 668M | 626M | 926M | N/A |
| Long-Term Debt | 387M | 424M | 434M | 391M | 14M | 347M | 329M | 325M | 329M | 312M | 300M | 283M | 283M |
| Debt/Equity | 0.44 | 0.35 | 0.29 | 0.29 | 0.41 | 0.23 | 0.21 | 0.21 | 0.19 | 0.15 | 0.13 | 0.12 | 0.00 |
| Interest Coverage | 6.5 | 8.1 | 9.0 | 10.3 | 4.3 | 9.3 | 7.6 | 13.1 | 15.6 | 12.6 | 11.5 | 17.6 | 17.6 |
| Equity | 1.2B | 1.5B | 1.6B | 1.6B | 1.5B | 1.6B | 1.6B | 1.7B | 1.9B | 2.3B | 2.4B | 2.5B | 0 |
| Total Assets | 3.3B | 3.5B | 3.6B | 3.8B | 4.1B | 3.9B | 3.8B | 3.8B | 4.8B | 4.9B | 4.8B | 5.9B | 0 |
| Total Liabilities | 2.1B | 2.0B | 2.0B | 2.2B | 2.6B | 2.3B | 2.1B | 2.1B | 3.0B | 2.6B | 2.5B | 3.3B | 3.3B |
| Intangibles | 11M | 17M | 16M | 9.2M | 2.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -4.7B | -4.3B | -4.1B | -4.0B | -4.0B | -3.9B | -3.7B | -3.5B | -3.2B | -2.9B | -2.7B | -2.5B | -2.5B |
| Working Capital | 917M | 942M | 974M | 1.0B | 613M | 1.2B | 1.3B | 1.4B | 1.4B | 1.8B | 1.9B | 2.0B | 2.0B |
| Current Assets | 2.5B | 2.3B | 2.4B | 2.6B | 3.0B | 2.9B | 2.8B | 2.9B | 3.9B | 3.9B | 3.9B | 4.9B | 4.9B |
| Current Liabilities | 1.5B | 1.4B | 1.4B | 1.6B | 2.4B | 1.7B | 1.5B | 1.5B | 2.5B | 2.0B | 1.9B | 2.8B | 2.8B |
| Per Share Data | |||||||||||||
| EPS | 2.27 | 4.41 | 2.38 | 1.78 | -1.37 | 1.97 | 1.88 | 3.72 | 3.81 | 5.18 | 3.91 | 4.46 | 0.00 |
| Owner EPS | 2.20 | 0.63 | 3.18 | 1.21 | 0.07 | 3.27 | 2.26 | 2.89 | 2.89 | 1.11 | 2.82 | 7.94 | -3.41 |
| Book Value | 14.35 | 17.77 | 20.40 | 21.13 | 21.12 | 22.93 | 22.92 | 24.94 | 29.37 | 38.75 | 41.49 | 46.06 | 0.00 |
| Cash Flow/Share | 3.54 | 2.04 | 4.94 | 3.22 | 2.24 | 5.33 | 4.24 | 5.04 | 5.24 | 3.93 | 5.98 | 11.26 | 2.23 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 86.9M | 85.5M | 78.9M | 78.0M | 69.7M | 71.8M | 70.8M | 67.1M | 63.1M | 59.8M | 56.9M | 55.1M | 53.6M |
| Valuation | |||||||||||||
| P/E Ratio | 10.8 | 4.8 | 12.0 | 21.9 | N/A | 16.1 | 12.3 | 10.1 | 15.0 | 9.8 | 17.5 | 30.2 | N/A |
| P/FCF | 8.9 | 32.7 | 8.3 | 21.9 | 42.7 | 9.2 | 7.3 | 9.5 | 18.8 | 69.3 | 17.0 | 15.7 | N/A |
| EV/EBIT | 11.0 | 9.6 | 10.3 | 13.8 | 15.0 | 6.3 | 4.9 | 6.2 | 8.3 | 4.5 | 8.9 | 16.6 | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | 1.4 | 1.1 | 1.4 | 2.0 | 1.3 | 1.7 | 2.9 | N/A |
| Price/Sales | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.5 | 0.6 | N/A |
| FCF Yield | 11.2% | 3.1% | 12.0% | 4.6% | 2.3% | 10.9% | 13.7% | 10.5% | 5.3% | 1.4% | 5.9% | 6.4% | N/A |
| Market Cap | 2.1B | 1.8B | 2.2B | 3.0B | 1.6B | 2.3B | 1.7B | 2.5B | 3.6B | 3.0B | 3.9B | 7.4B | 11.2B |
| Avg. Price | 19.27 | 22.20 | 24.14 | 37.17 | 29.64 | 29.38 | 28.34 | 37.30 | 42.82 | 57.55 | 61.74 | 92.70 | 208.43 |
| Year-End Price | 24.50 | 21.35 | 28.50 | 39.05 | 23.00 | 31.80 | 24.17 | 37.65 | 57.24 | 50.74 | 68.51 | 134.89 | 208.43 |
SANMINA CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
SANMINA CORP trades at 49.7x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 22.0x vs a median of 16.4x. The company's 5-year average ROIC is 15.9% with a gross margin of 8.3%. At current prices, the estimated annualized return to fair value is +6.7%.
SANMINA CORP (SANM) has a net profit margin of 3.0%. This is a modest margin.
SANMINA CORP (SANM) generated $473 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SANMINA CORP (SANM) has a debt-to-equity ratio of 0.12. This indicates a conservatively financed balance sheet.
SANMINA CORP (SANM) reported earnings per share (EPS) of $4.46 in its most recent fiscal year.
SANMINA CORP (SANM) has a return on equity (ROE) of 10.0%. This indicates moderate shareholder returns.
SANMINA CORP (SANM) has a 5-year average gross margin of 8.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for SANMINA CORP (SANM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SANMINA CORP (SANM) has a book value per share of $46.06, based on its most recent annual SEC filing.
No recent press releases.