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Market Cap

US$2.8b

Last Updated

2021/04/16 22:32 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


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 less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SANM's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

SANM

1.0%

US Electronic

1.3%

US Market


1 Year Return

58.0%

SANM

87.6%

US Electronic

53.9%

US Market

Return vs Industry: SANM underperformed the US Electronic industry which returned 87.6% over the past year.

Return vs Market: SANM exceeded the US Market which returned 53.9% over the past year.


Shareholder returns

SANMIndustryMarket
7 Day0.6%1.0%1.3%
30 Day-2.2%4.2%3.3%
90 Day21.7%9.7%8.9%
1 Year58.0%58.0%91.2%87.6%56.6%53.9%
3 Year51.1%51.1%70.8%63.6%64.4%53.6%
5 Year89.2%89.2%169.7%152.4%120.4%95.7%

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

Valuation

Is Sanmina undervalued compared to its fair value and its price relative to the market?

18.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SANM ($41.69) is trading above our estimate of fair value ($26.25)

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 (18.9x) compared to the US Electronic industry average (28.3x).

PE vs Market: SANM is good value based on its PE Ratio (18.9x) compared to the US market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: SANM is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SANM is good value based on its PB Ratio (1.6x) compared to the US Electronic industry average (2.9x).


Future Growth

How is Sanmina forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

20.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SANM's forecast earnings growth (20.1% per year) is above the savings rate (2%).

Earnings vs Market: SANM's earnings (20.1% per year) are forecast to grow faster than the US market (18.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SANM's revenue (5.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: SANM's revenue (5.7% 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?

-25.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SANM has high quality earnings.

Growing Profit Margin: SANM's current net profit margins (2.2%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: SANM's earnings have declined by 25.9% per year over the past 5 years.

Accelerating Growth: SANM's earnings growth over the past year (7.1%) exceeds its 5-year average (-25.9% per year).

Earnings vs Industry: SANM earnings growth over the past year (7.1%) exceeded the Electronic industry -6.4%.


Return on Equity

High ROE: SANM's Return on Equity (8.9%) is considered low.


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 ($628.3M).


Debt to Equity History and Analysis

Debt Level: SANM's debt to equity ratio (22%) is considered satisfactory.

Reducing Debt: SANM's debt to equity ratio has reduced from 33.7% to 22% over the past 5 years.

Debt Coverage: SANM's debt is well covered by operating cash flow (92.3%).

Interest Coverage: SANM's interest payments on its debt are well covered by EBIT (10.7x 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?

3.3yrs

Average management tenure


CEO

Jure Sola (69 yo)

0.67

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 ($USD5.98M) is about average for companies of similar size in the US market ($USD5.13M).

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 considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SANM's board of directors are seasoned and experienced ( 10.3 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$2.827b
  • Shares outstanding: 64.93m
  • Website: https://www.sanmina.com

Number of Employees


Location

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

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 22:32
End of Day Share Price2021/04/16 00:00
Earnings2021/01/02
Annual Earnings2020/10/03


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.