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SANM

SanminaNasdaqGS:SANM Stock Report

Last Price

US$36.15

Market Cap

US$2.3b

7D

-8.2%

1Y

8.1%

Updated

26 Jan, 2022

Data

Company Financials +
SANM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

SANM Stock Overview

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide.

Sanmina Competitors

TE Connectivity

NYSE:TEL

US$48.6b

Plexus

NasdaqGS:PLXS

US$2.2b

Kimball Electronics

NasdaqGS:KE

US$482.7m

Daikin IndustriesLtd

TSE:6367

JP¥7.1t

Price History & Performance

Summary of all time highs, changes and price drops for Sanmina
Historical stock prices
Current Share PriceUS$36.15
52 Week HighUS$43.63
52 Week LowUS$30.59
Beta1.07
1 Month Change-10.94%
3 Month Change-4.42%
1 Year Change8.10%
3 Year Change13.50%
5 Year Change-7.19%
Change since IPO796.72%

Recent News & Updates

Jan 19
Sanmina (NASDAQ:SANM) Could Easily Take On More Debt

Sanmina (NASDAQ:SANM) Could Easily Take On More Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Jan 05
Is It Time To Consider Buying Sanmina Corporation (NASDAQ:SANM)?

Is It Time To Consider Buying Sanmina Corporation (NASDAQ:SANM)?

Sanmina Corporation ( NASDAQ:SANM ), is not the largest company out there, but it saw a double-digit share price rise...

Dec 11
Is Sanmina Corporation (NASDAQ:SANM) Trading At A 39% Discount?

Is Sanmina Corporation (NASDAQ:SANM) Trading At A 39% Discount?

How far off is Sanmina Corporation ( NASDAQ:SANM ) from its intrinsic value? Using the most recent financial data...

Nov 29
The Returns At Sanmina (NASDAQ:SANM) Aren't Growing

The Returns At Sanmina (NASDAQ:SANM) Aren't Growing

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

SANMUS ElectronicUS Market
7D-8.2%-6.3%-5.1%
1Y8.1%1.3%3.3%

Return vs Industry: SANM exceeded the US Electronic industry which returned 2.5% over the past year.

Return vs Market: SANM exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is SANM's price volatile compared to industry and market?
SANM volatility
SANM Average Weekly Movement4.5%
Electronic Industry Average Movement7.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: SANM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SANM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198032,000Jure Solahttps://www.sanmina.com

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.

Sanmina Fundamentals Summary

How do Sanmina's earnings and revenue compare to its market cap?
SANM fundamental statistics
Market CapUS$2.33b
Earnings (TTM)US$269.00m
Revenue (TTM)US$6.76b

8.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SANM income statement (TTM)
RevenueUS$6.76b
Cost of RevenueUS$6.20b
Gross ProfitUS$551.81m
ExpensesUS$282.81m
EarningsUS$269.00m

Last Reported Earnings

Oct 02, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.18
Gross Margin8.17%
Net Profit Margin3.98%
Debt/Equity Ratio18.6%

How did SANM perform over the long term?

See historical performance and comparison

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: SANM ($36.15) is trading below our estimate of fair value ($120.33)

Significantly Below Fair Value: SANM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SANM is good value based on its PE Ratio (8.7x) compared to the US Electronic industry average (16.8x).

PE vs Market: SANM is good value based on its PE Ratio (8.7x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: SANM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SANM is good value based on its PB Ratio (1.2x) compared to the US Electronic industry average (2.2x).


Future Growth

How is Sanmina forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SANM's earnings are forecast to decline over the next 3 years (-1.8% per year).

Earnings vs Market: SANM's earnings are forecast to decline over the next 3 years (-1.8% per year).

High Growth Earnings: SANM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SANM's revenue (3.7% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: SANM's revenue (3.7% 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 SANM's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Sanmina performed over the past 5 years?

12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SANM has high quality earnings.

Growing Profit Margin: SANM's current net profit margins (4%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: SANM's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: SANM's earnings growth over the past year (93%) exceeds its 5-year average (12.2% per year).

Earnings vs Industry: SANM earnings growth over the past year (93%) exceeded the Electronic industry 42.1%.


Return on Equity

High ROE: SANM's Return on Equity (14.3%) is considered low.


Financial Health

How is Sanmina's financial position?


Financial Position Analysis

Short Term Liabilities: SANM's short term assets ($3.3B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: SANM's short term assets ($3.3B) exceed its long term liabilities ($565.1M).


Debt to Equity History and Analysis

Debt Level: SANM has more cash than its total debt.

Reducing Debt: SANM's debt to equity ratio has reduced from 28.7% to 18.6% over the past 5 years.

Debt Coverage: SANM's debt is well covered by operating cash flow (96.9%).

Interest Coverage: SANM's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


Dividend

What is Sanmina current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SANM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SANM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SANM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SANM'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 SANM's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure


CEO

Jure Sola (70 yo)

42yrs

Tenure

US$5,976,252

Compensation

Mr. Jure Sola Co-Founded Sanmina Corporation in 1980 and has been its Executive Chairman since October 2, 2017. He serves as Chief Executive Officer at Sanmina Corporation since August 17, 2020. Mr. Sola s...


CEO Compensation Analysis

Compensation vs Market: Jure's total compensation ($USD5.98M) is above average for companies of similar size in the US market ($USD3.74M).

Compensation vs Earnings: Jure's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SANM's management team is seasoned and experienced (9.3 years average tenure).


Board Members

Experienced Board: SANM's board of directors are seasoned and experienced ( 14 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SANM 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 employee growth, exchange listings and data sources


Key Information

  • Name: Sanmina Corporation
  • Ticker: SANM
  • Exchange: NasdaqGS
  • Founded: 1980
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Implied Market Cap: US$2.327b
  • Shares outstanding: 64.38m
  • Website: https://www.sanmina.com

Number of Employees


Location

  • Sanmina Corporation
  • 2700 North First Street
  • San Jose
  • California
  • 95134
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 00:51
End of Day Share Price2022/01/25 00:00
Earnings2021/10/02
Annual Earnings2021/10/02


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.