Executive Summary
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet.
Similar Companies
Share Price & News
How has Sanmina's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAYN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
18.6%
SAYN
4.3%
DE Electronic
7.2%
DE Market
1 Year Return
-7.8%
SAYN
-26.3%
DE Electronic
-17.5%
DE Market
Return vs Industry: SAYN exceeded the German Electronic industry which returned -23.9% over the past year.
Return vs Market: SAYN exceeded the German Market which returned -14.1% over the past year.
Shareholder returns
| SAYN | Industry | Market | |
|---|---|---|---|
| 7 Day | 18.6% | 4.3% | 7.2% |
| 30 Day | -4.8% | -25.8% | -22.3% |
| 90 Day | -22.4% | -23.6% | -26.1% |
| 1 Year | -7.8%-7.8% | -24.8%-26.3% | -14.9%-17.5% |
| 3 Year | -37.8%-37.8% | -2.3%-5.5% | -18.7%-25.7% |
| 5 Year | 5.7%5.7% | 55.1%43.8% | -17.8%-29.1% |
Price Volatility Vs. Market
How volatile is Sanmina's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Sanmina undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SAYN (€23.6) is trading below our estimate of fair value (€261.65)
Significantly Below Fair Value: SAYN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SAYN is good value based on its PE Ratio (13.7x) compared to the Electronic industry average (16.9x).
PE vs Market: SAYN is good value based on its PE Ratio (13.7x) compared to the German market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: SAYN is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: SAYN is good value based on its PB Ratio (1.2x) compared to the DE Electronic industry average (1.2x).
Next Steps
Future Growth
How is Sanmina forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
18.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAYN's forecast earnings growth (18.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: SAYN's earnings (18.1% per year) are forecast to grow faster than the German market (14.7% per year).
High Growth Earnings: SAYN's earnings are forecast to grow, but not significantly.
Revenue vs Market: SAYN's revenue (1.5% per year) is forecast to grow slower than the German market (4% per year).
High Growth Revenue: SAYN's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SAYN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Sanmina performed over the past 5 years?
-29.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAYN has high quality earnings.
Growing Profit Margin: SAYN's current net profit margins (1.8%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: SAYN's earnings have declined by -29.5% per year over the past 5 years.
Accelerating Growth: SAYN's earnings growth over the past year (49%) exceeds its 5-year average (-29.5% per year).
Earnings vs Industry: SAYN earnings growth over the past year (49%) exceeded the Electronic industry -7.4%.
Return on Equity
High ROE: SAYN's Return on Equity (8.4%) is considered low.
Next Steps
Financial Health
How is Sanmina's financial position?
Financial Position Analysis
Short Term Liabilities: SAYN's short term assets ($2.8B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: SAYN's short term assets ($2.8B) exceed its long term liabilities ($620.2M).
Debt to Equity History and Analysis
Debt Level: SAYN's debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: SAYN's debt to equity ratio has reduced from 38.2% to 23.7% over the past 5 years.
Debt Coverage: SAYN's debt is well covered by operating cash flow (121.2%).
Interest Coverage: SAYN's interest payments on its debt are well covered by EBIT (10.6x coverage).
Balance Sheet
Inventory Level: SAYN has a high level of physical assets or inventory.
Debt Coverage by Assets: SAYN's debt is covered by short term assets (assets are 7x debt).
Next Steps
Dividend
What is Sanmina's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAYN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SAYN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SAYN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAYN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SAYN's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Hartmut Liebel (56yo)
0.50
Tenure
US$2,691,087
Compensation
Mr. Hartmut Liebel serves as Chief Executive Officer at Sanmina Corporation since September 30, 2019 and also has been its Director since December 09, 2019. Mr. Liebel served as the President and Chief Ope ...
CEO Compensation Analysis
Compensation vs Market: Hartmut's total compensation ($USD2.69M) is above average for companies of similar size in the German market ($USD1.85M).
Compensation vs Earnings: Insufficient data to compare Hartmut's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 17.25yrs | US$5.68m | 1.62% $28.8m | |
| CEO & Director | 0.50yr | US$2.69m | no data | |
| Executive Vice President of Worldwide Sales | no data | US$1.26m | 0.046% $809.5k | |
| Executive Vice President of Global Human Resources | 7.42yrs | US$1.21m | 0.015% $257.8k | |
| 0.50yr | US$10.51m | 0.086% $1.5m | ||
| no data | US$2.41m | no data | ||
| Executive VP & CFO | 0.42yr | no data | no data | |
| Principal Accounting Officer | 2.25yrs | no data | 0.029% $508.4k | |
| Senior VP of Marketing & Investor Communications | 23.17yrs | no data | no data | |
| VP of Legal | no data | no data | no data |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Management: SAYN's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 17.25yrs | US$5.68m | 1.62% $28.8m | |
| CEO & Director | 0.50yr | US$2.69m | no data | |
| Independent Director | 0.50yr | US$135.00k | 0.00095% $16.9k | |
| Independent Director | 12.17yrs | US$300.00k | 0.026% $462.8k | |
| Independent Director | 23.17yrs | US$260.00k | 0.082% $1.5m | |
| Lead Independent Director | 1yr | US$380.22k | 0.20% $3.5m | |
| Independent Director | 6.25yrs | US$305.00k | 0.11% $1.9m | |
| Independent Director | 12.58yrs | US$270.00k | 0.087% $1.5m | |
| Independent Director | 3.5yrs | US$295.00k | 0.024% $431.5k |
6.3yrs
Average Tenure
64yo
Average Age
Experienced Board: SAYN's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SAYN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sanmina Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sanmina Corporation
- Ticker: SAYN
- Exchange: DB
- Founded: 1980
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$1.967b
- Listing Market Cap: US$1.774b
- Shares outstanding: 70.64m
- Website: https://www.sanmina.com
Number of Employees
Location
- Sanmina Corporation
- 2700 North First Street
- San Jose
- California
- 95134
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SANM | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1993 |
| SAYN | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1993 |
| SAYN | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Apr 1993 |
Biography
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services. It also provides interconnect systems, such as printed circuit board fabrication, backplane, cable assemblies, and plastic injection moldings; mechanical systems comprising enclosures and precision machining; memory, radio frequency, optical, and microelectronic solutions; defense and aerospace products; storage solutions; and cloud-based manufacturing execution software. The company offers its products and services to companies that serve the communications networks, computing and data storage, industrial, defense and aerospace, medical, automotive, energy, and other industries. The company was formerly known as Sanmina-SCI Corporation and changed its name to Sanmina Corporation in November 2012. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/27 20:54 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/28 |
| Annual Earnings | 2019/09/28 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.