SANM

Sanmina Corporation

Fundamental data last updated:November 2, 2026

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company profile

SECTOR

Technology

industry

Hardware, Equipment & Parts

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

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. In addition, the company provides interconnect systems, such as printed circuit board fabrication, backplane, cable assemblies, and plastic injection moldings; mechanical systems comprising enclosures and precision machining; memory, storage platforms, radio frequency, optical, and microelectronic solutions; defense and aerospace products; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions industries. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.

 


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VALUATION

P/E

55.54

Market Cap ($M USD)

$14.25B

Forward P/E

21.63

PEG

0.14

PRICE TO SALES

1.26

PRICE TO BOOK

5.96

EV / EBITDA

28.71

5-Year Average P/E

Free Cash Flow Yield

5.15%

DCF Value

$31.22

Graham Number

$69.31

Price to FCF

19.40

EV to FCF

20.21

Earnings Yield

1.80%

FCF Yield

5.15%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$4.79

Next Year EPS Growth Estimate

$12.29

Next Year Revenue Growth Estimate

$16.54B

Return on Equity (ROE)

10.88%

FREE CASH FLOW

Operating Margin

4.61%

Debt-to-Equity

0.17

Piotroski F-Score

5

Altman Z-Score

2.57

Return on Invested Capital (ROIC)

9.99%

Current Ratio

1.71

Quick Ratio

1.03

Net Debt to EBITDA

1.15

Interest Coverage

7.82

Gross Profit margin

8.53%

FCF PER SHARE

$13.54

REVENUE PER SHARE

$209.07

Analyze SANM on TradingView

Gainseekers Quantitative Analysis

Summary

Sanmina Corporation’s valuation is a paradox. Despite a staggering Forward P/E of 20.21, the stock’s price has been trading significantly above its DCF value, suggesting a potential overvaluation. The Earnings Yield of just 1.93% further underscores a premium pricing, while the Altman Z-score of 2.51 indicates moderate financial health, teetering on the edge of distress. The market seems to be pricing in aggressive growth expectations, yet the Graham Number suggests a more conservative valuation. Investors should tread carefully, as the stock appears to be priced for perfection.

AI Exposure / Tech Reliance

Operating in the Hardware, Equipment & Parts industry, Sanmina is well-positioned to capitalize on AI and tech advancements. Its focus on manufacturing complex electronic components aligns with the increasing demand for sophisticated tech solutions. This strategic positioning could enable it to leverage AI-driven efficiencies and innovations.

The Bull Case

For the discerning GARP investor, Sanmina offers intriguing prospects. With a robust ROIC of 9.99%, the company demonstrates efficient capital allocation, translating into tangible returns. The Piotroski F-Score of 5 indicates moderate financial strength, while a low Debt/Equity ratio of 0.17 suggests prudent financial management. Despite a modest Operating Margin of 4.61%, the company's ability to generate Free Cash Flow, evidenced by a FCF Yield of 5.52%, highlights its potential for sustainable growth and reinvestment.

The Bear Case

However, the bear case cannot be ignored. Sanmina's Price/Book ratio of 5.57 and Price/Sales of 1.17 reveal a stock that may be overvalued relative to its tangible assets and revenue. The EV to EBITDA multiple of 26.90 suggests a hefty premium, while the stock's proximity to its 52-week high raises concerns of technical overextension. Furthermore, a Gross Profit Margin of just 8.53% indicates limited pricing power, which could be detrimental in a competitive market landscape.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$200.00

Institutional Ownership %

1-Year Beta

1.51

Insider Buying % (6 Mo)

Distance to 52-Week High

1.77%

Distance to 52-Week Low

68.70%

EARNINGS SURPRISE %

30.58%

50-DAY SMA

$186.25

200-DAY SMA

$152.58

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.