Sanmina
Market Cap
US$2.3b
Last Updated
2019/11/16 23:40 UTC
Data Sources
Company Financials +
Executive Summary
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide.
Snowflake
Fundamentals
Flawless balance sheet and undervalued.
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: SANM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.1%
SANM
-0.4%
US Electronic
0.7%
US Market
1 Year Return
24.6%
SANM
18.0%
US Electronic
12.9%
US Market
Return vs Industry: SANM exceeded the US Electronic industry which returned 18% over the past year.
Return vs Market: SANM exceeded the US Market which returned 12.9% over the past year.
Shareholder returns
| SANM | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | -0.4% | 0.7% |
| 30 Day | 4.6% | 4.8% | 4.4% |
| 90 Day | 8.6% | 14.5% | 7.0% |
| 1 Year | 24.6%24.6% | 19.3%18.0% | 15.4%12.9% |
| 3 Year | 3.2%3.2% | 51.4%47.2% | 49.1%39.5% |
| 5 Year | 32.3%32.3% | 81.6%72.7% | 62.7%44.7% |
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
2 weeks ago | Simply Wall St
Sanmina Corporation Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next2 weeks ago | Simply Wall St
How Does Investing In Sanmina Corporation (NASDAQ:SANM) Impact The Volatility Of Your Portfolio?1 month ago | Simply Wall St
An Examination Of Sanmina Corporation (NASDAQ:SANM)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 ($32.62) is trading below our estimate of fair value ($95.86)
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 (15.9x) compared to the Electronic industry average (20.8x).
PE vs Market: SANM is good value based on its PE Ratio (15.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: SANM is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: SANM is good value based on its PB Ratio (1.4x) compared to the US Electronic industry average (2.1x).
Next Steps
Future Growth
How is Sanmina forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SANM's forecast earnings growth (10.5% per year) is above the savings rate (2.7%).
Earnings vs Market: SANM's earnings (10.5% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: SANM's earnings are forecast to grow, but not significantly.
Revenue vs Market: SANM's revenue is expected to decline over the next 3 years (-3.2% per year).
High Growth Revenue: SANM's revenue is forecast to decline over the next 3 years (-3.2% 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
Next Steps
Past Performance
How has Sanmina performed over the past 5 years?
-29.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SANM has high quality earnings.
Growing Profit Margin: SANM's current net profit margins (1.7%) are higher than last year (-1.3%).
Past Earnings Growth Analysis
Earnings Trend: SANM's earnings have declined by -29.4% per year over the past 5 years.
Accelerating Growth: SANM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SANM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (56.3%).
Return on Equity
High ROE: SANM's Return on Equity (8.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Sanmina's financial position?
Financial Position Analysis
Short Term Liabilities: SANM's short term assets ($2.9B) exceeds its short term liabilities ($1.7B)
Long Term Liabilities: SANM's short term assets (2.9B) exceeds its long term liabilities (579.9M)
Debt to Equity History and Analysis
Debt Level: SANM's debt to equity ratio (24.7%) is considered satisfactory
Reducing Debt: SANM's debt to equity ratio has reduced from 43.5% to 24.7% over the past 5 years.
Debt Coverage: SANM's debt is well covered by operating cash flow (94.5%).
Interest Coverage: SANM's interest payments on its debt are well covered by EBIT (10.1x coverage).
Balance Sheet
Inventory Level: SANM has a high level of physical assets or inventory.
Debt Coverage by Assets: SANM's debt is covered by short term assets (assets are 7.2x debt).
Next Steps
Dividend
What is Sanmina's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SANM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SANM'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 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
What is the CEO of Sanmina's salary, the management and board of directors tenure and is there insider trading?
1.5yrs
Average management tenure
CEO
Hartmut Liebel (56yo)
0.2yrs
Tenure
Mr. Hartmut Liebel serves as Chief Executive Officer at Sanmina Corporation since September 30, 2019 and also serves as Director. Mr. Liebel served as the President and Chief Operating Officer at Sanmina C ...
Management Age and Tenure
1.5yrs
Average Tenure
57yo
Average Age
Experienced Management: SANM's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Age and Tenure
8.9yrs
Average Tenure
64yo
Average Age
Experienced Board: SANM's board of directors are considered experienced (8.9 years average tenure).
Insider Trading
Insider Buying: SANM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 11,850 |
| Max Price | US$32.33 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 12,952 |
| Max Price | US$31.78 |
| Entity | Individual |
| Role | Chief Accounting Officer Principal Accounting Officer |
| Shares | 931 |
| Max Price | US$30.12 |
| Entity | Individual |
| Role | Chief Accounting Officer Principal Accounting Officer |
| Shares | 2,762 |
| Max Price | US$31.44 |
| Entity | Individual |
| Role | Chief Accounting Officer Principal Accounting Officer |
| Shares | 1,500 |
| Max Price | US$32.79 |
| Entity | Individual |
| Role | Head of Human Resources Executive Vice President of Global Human Resources |
| Shares | 6,052 |
| Max Price | US$32.46 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 16,407 |
| Max Price | US$32.45 |
| Entity | Individual |
| Role | Senior Key Executive |
| Shares | 14,595 |
| Max Price | US$26.02 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jure Sola (68yo)
Co-Founder & Executive Chairman
- Tenure: 16.9yrs
- Compensation: US$8.93m
Hartmut Liebel (56yo)
CEO & Director
- Tenure: 0.2yrs
Michael Clarke (64yo)
- Tenure: 0.2yrs
- Compensation: US$313.35k
Kurt Adzema (50yo)
Executive VP & CFO
- Tenure: 0.08yrs
Gerry Fay (60yo)
Consultant
- Tenure: 1.2yrs
- Compensation: US$770.79k
Paige Melching
Vice President of Investor Relations
- Tenure: 22.8yrs
Alan Reid (56yo)
Executive Vice President of Global Human Resources
- Tenure: 7.1yrs
- Compensation: US$691.14k
Dave Anderson (58yo)
- Tenure: 0yrs
- Compensation: US$2.00m
Christopher Sadeghian
VP of Legal
- Tenure: 0yrs
Brent Billinger (55yo)
Principal Accounting Officer
- Tenure: 1.9yrs
Board Members
Krish Prabhu (64yo)
Director
- Tenure: 0.2yrs
Jure Sola (68yo)
Co-Founder & Executive Chairman
- Tenure: 16.9yrs
- Compensation: US$8.93m
Hartmut Liebel (56yo)
CEO & Director
- Tenure: 0.2yrs
John Goldsberry (64yo)
Independent Director
- Tenure: 11.8yrs
- Compensation: US$346.69k
Mario Rosati (73yo)
Director
- Tenure: 22.8yrs
- Compensation: US$260.01k
Jackie Ward (81yo)
Lead Independent Director
- Tenure: 0.7yrs
- Compensation: US$547.47k
Gene Delaney (62yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$654.68k
Joe Licata (59yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$285.01k
Rita Lane (57yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$320.01k
Company Information
Sanmina Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sanmina Corporation
- Ticker: SANM
- Exchange: NasdaqGS
- Founded: 1980
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$2.283b
- Shares outstanding: 69.98m
- 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 |
Biography
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solut ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 23:40 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/28 |
| 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.