Sanmina
Market Cap
US$2.1b
Last Updated
2020/11/23 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
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 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.
Market Performance
7 Day Return
-0.6%
SANM
0.5%
US Electronic
-0.5%
US Market
1 Year Return
1.6%
SANM
17.0%
US Electronic
18.3%
US Market
Return vs Industry: SANM underperformed the US Electronic industry which returned 18.1% over the past year.
Return vs Market: SANM underperformed the US Market which returned 19.1% over the past year.
Shareholder returns
| SANM | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 0.5% | -0.5% |
| 30 Day | 23.8% | 7.5% | 3.6% |
| 90 Day | 16.2% | 16.8% | 5.6% |
| 1 Year | 1.6%1.6% | 18.1%17.0% | 21.0%18.3% |
| 3 Year | -5.0%-5.0% | 26.3%22.7% | 45.2%35.6% |
| 5 Year | 44.3%44.3% | 102.0%92.4% | 89.8%68.8% |
Long-Term 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
17 hours ago | Simply Wall St
Have Insiders Sold Sanmina Corporation (NASDAQ:SANM) Shares Recently?2 weeks ago | Simply Wall St
A Look At Sanmina's (NASDAQ:SANM) Share Price Returns3 weeks ago | Simply Wall St
Have Insiders Been Selling Sanmina Corporation (NASDAQ:SANM) Shares This Year?Valuation
Is Sanmina undervalued compared to its fair value and its price relative to the market?
16.17x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SANM ($31.7) is trading above our estimate of fair value ($23.09)
Significantly Below Fair Value: SANM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SANM is good value based on its PE Ratio (15.7x) compared to the US Electronic industry average (25.6x).
PE vs Market: SANM is good value based on its PE Ratio (15.7x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: SANM is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: SANM is good value based on its PB Ratio (1.3x) compared to the US Electronic industry average (2.2x).
Next Steps
Future Growth
How is Sanmina forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
20.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SANM's forecast earnings growth (20.2% per year) is above the savings rate (2.2%).
Earnings vs Market: SANM's earnings (20.2% per year) are forecast to grow slower than the US market (21.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SANM's revenue (5.5% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: SANM's revenue (5.5% 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 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?
-31.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SANM has high quality earnings.
Growing Profit Margin: SANM's current net profit margins (2%) are higher than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: SANM's earnings have declined by 31.5% per year over the past 5 years.
Accelerating Growth: SANM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SANM had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Electronic industry average (-14.1%).
Return on Equity
High ROE: SANM's Return on Equity (8.6%) is considered low.
Next Steps
Financial Health
How is Sanmina's financial position?
Financial Position Analysis
Short Term Liabilities: SANM's short term assets ($2.8B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: SANM's short term assets ($2.8B) exceed its long term liabilities ($620.2M).
Debt to Equity History and Analysis
Debt Level: SANM's debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: SANM's debt to equity ratio has reduced from 35.3% to 23.1% over the past 5 years.
Debt Coverage: SANM's debt is well covered by operating cash flow (79.7%).
Interest Coverage: SANM's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
Next Steps
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?
5.5yrs
Average management tenure
CEO
Jure Sola (69 yo)
0.25
Tenure
US$5,683,232
Compensation
Mr. Jure Sola Co-Founded Sanmina Corporation in 1980 and has been its Executive Chairman since October 2, 2017. He serves as Chief Executive Officer at Sanmina Corporation since August 17, 2020. Mr. Sola s...
CEO Compensation Analysis
Compensation vs Market: Jure's total compensation ($USD5.68M) is above average for companies of similar size in the US market ($USD4.24M).
Compensation vs Earnings: Jure's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 0.25yr | US$5.68m | 1.53% $ 32.5m | |
| Executive Vice President of Sales | no data | US$1.26m | 0.046% $ 988.0k | |
| Executive Vice President of Global Human Resources | 8.08yrs | US$1.21m | 0.0050% $ 107.1k | |
| 1.17yrs | US$10.51m | 0.093% $ 2.0m | ||
| Executive VP & CFO | 1.08yrs | no data | 0.017% $ 357.5k | |
| Principal Accounting Officer | 2.92yrs | no data | 0.027% $ 572.7k | |
| Senior VP of Marketing & Investor Communications | 23.83yrs | no data | no data | |
| VP of Legal | no data | no data | no data | |
| Chief Operating Officer of Americas IMS | 8.08yrs | no data | no data | |
| Senior VP & Treasurer | 10.75yrs | no data | no data |
5.5yrs
Average Tenure
65yo
Average Age
Experienced Management: SANM's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 0.25yr | US$5.68m | 1.53% $ 32.5m | |
| Independent Director | 1.17yrs | US$135.00k | 0.0010% $ 22.1k | |
| Independent Director | 12.83yrs | US$300.00k | 0.019% $ 407.3k | |
| Independent Director | 23.83yrs | US$260.00k | 0.089% $ 1.9m | |
| Lead Independent Director | 1.67yrs | US$380.22k | 0.21% $ 4.6m | |
| Independent Director | 6.92yrs | US$305.00k | 0.12% $ 2.5m | |
| Independent Director | 13.25yrs | US$270.00k | 0.094% $ 2.0m | |
| Independent Director | 4.17yrs | US$295.00k | 0.026% $ 562.0k |
9.9yrs
Average Tenure
65yo
Average Age
Experienced Board: SANM's board of directors are considered experienced (9.9 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 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$2.129b
- Shares outstanding: 65.07m
- 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 businesses, Integrated Manufacturing Sol...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 23:43 |
| End of Day Share Price | 2020/11/23 00:00 |
| Earnings | 2020/10/03 |
| Annual Earnings | 2020/10/03 |
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.