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Sanmina Corp Stock Research

SANM

58.17USD+1.00(+1.75%)Market Closed

Market Summary

USD58.17+1.00
Market Closed
1.75%

SANM Alerts

SANM Stock Price

SANM RSI Chart

SANM Valuation

Market Cap

3.4B

Price/Earnings (Trailing)

11.75

Price/Sales (Trailing)

0.4

EV/EBITDA

5.36

Price/Free Cashflow

22.47

SANM Price/Sales (Trailing)

SANM Profitability

EBT Margin

4.16%

Return on Equity

13.15%

Return on Assets

5.39%

Free Cashflow Yield

4.45%

SANM Fundamentals

SANM Revenue

Revenue (TTM)

8.5B

Revenue Y/Y

34.37%

Revenue Q/Q

7.21%

SANM Earnings

Earnings (TTM)

285.9M

Earnings Y/Y

50.76%

Earnings Q/Q

36.58%

Price Action

52 Week Range

36.3569.28
(Low)(High)

Last 7 days

-1.2%

Last 30 days

-6.5%

Last 90 days

-2.0%

Trailing 12 Months

37.2%

SANM Financial Health

Current Ratio

1.68

SANM Investor Care

Buy Backs (1Y)

10.36%

Diluted EPS (TTM)

4.68

Peers (Alternatives to Sanmina)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.6B
12.6B
1.84% 4.56%
24.48
3.69
16.06% 19.58%
33.7B
5.4B
-1.89% -1.50%
30.02
6.23
9.69% 25.73%
28.2B
14.2B
-4.56% -12.29%
21.43
1.99
0.76% -30.95%
14.9B
5.8B
-5.29% -32.44%
30.01
2.57
2.74% -44.68%
11.1B
34.5B
1.15% 34.23%
11.39
0.32
15.08% 32.70%
MID-CAP
8.0B
1.2B
0.58% 9.22%
43.62
6.47
-0.48% -28.07%
5.5B
1.4B
-7.06% 1.26%
50.38
3.87
-2.14% -60.52%
3.4B
8.5B
-6.52% 37.16%
11.75
0.4
25.68% 2.24%
3.1B
3.5B
2.56% 6.38%
7.26
0.89
7.93% 43.91%
2.6B
4.1B
-2.85% 13.90%
16.75
0.64
21.81% 24.48%
SMALL-CAP
1.7B
1.2B
5.97% 19.01%
16.08
1.41
1.62% 24.63%
1.4B
586.9M
2.30% 26.78%
24.06
2.44
14.42% 242.30%
1.4B
160.9M
18.68% 75.37%
54.91
8.75
25.62% 37.31%
804.2M
2.9B
-6.90% -9.54%
11.79
0.28
27.98% 90.74%
430.3M
242.1M
-25.84% -46.63%
-7.88
1.78
-10.40% -83.96%

Financials for Sanmina

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue7.7%8,4957,8907,3326,9716,759
Gross Profit7.2%687641593564555
Operating Expenses1.4%277273268260268
  S&GA Expenses-0.3%244245242238237
  R&D Expenses3.9%22.0021.0021.0021.0021.00
EBITDA8.2%489452436453-
EBITDA Margin0.5%0.06*0.06*0.06*0.06*-
Earnings Before Taxes10.1%353321306323313
EBT Margin2.3%0.04*0.04*0.04*0.05*-
Interest Expenses16.9%26.0022.0020.0019.0019.00
Net Income11.6%286256248286280
Net Income Margin3.7%0.03*0.03*0.03*0.04*-
Free Cahsflow-22.2%149192220242-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets9.2%5,3074,8604,7444,6504,502
  Current Assets10.9%4,3553,9263,8363,7473,592
    Cash Equivalents38.8%735530493560628
  Inventory2.2%1,7281,6911,5911,4381,242
  Net PPE2.8%591575546525525
  Current Liabilities5.4%2,5852,4542,4322,2682,065
    LT Debt, Non Current-1.3%325329298303307
Shareholder's Equity16.8%2,1741,8611,8041,8381,881
  Retained Earnings--3,198----
  Additional Paid-In Capital-6,381----
Shares Outstanding0.6%58.0057.0060.0063.0064.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-9.4%300331341343345
  Share Based Compensation6.5%42.0040.0038.0036.0036.00
Cashflow From Investing-15.1%-152-132-114-111-97.50
Cashflow From Financing87.8%-38.25-314-353-245-133
  Buy Backs-18.4%270331339231120

Risks for SANM

What is the probability of a big loss on SANM?

58.5%


Probability that Sanmina stock will be more than 20% underwater in next one year

33.5%


Probability that Sanmina stock will be more than 30% underwater in next one year.

0%


Probability that Sanmina stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SANM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Sanmina was unfortunately bought at previous high price.

Drawdowns

Returns for SANM

Cumulative Returns on SANM

17.5%


10-Year Cumulative Returns

14.2%


7-Year Cumulative Returns

17.0%


5-Year Cumulative Returns

32.4%


3-Year Cumulative Returns

What are the long-term rolling returns for SANM?

FIve years rolling returns for Sanmina.

Annualized Returns

Which funds bought or sold SANM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
unchanged
-
335,997
1,717,150
0.01%
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
281,555
281,555
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-22.64
-945,653
23,852,300
0.03%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-29.22
-2,000
17,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-3.05
243,125
1,428,120
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-15.86
45,000
1,016,000
0.01%
2023-02-21
Ruedi Wealth Management, Inc.
new
-
6,760
6,760
-%
2023-02-21
MACQUARIE GROUP LTD
reduced
-11.73
213,000
3,036,000
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-52.1
-24,080
35,920
-%
2023-02-17
Coppell Advisory Solutions Corp.
new
-
2,578
2,578
-%

1–10 of 47

Latest Funds Activity

Are funds buying SANM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SANM
No. of Funds

Sanmina News

MarketBeat

MorganRosel Wealth Management LLC Purchases Shares of 17221 ....

MarketBeat,
8 hours ago

Digital Journal

Simply Wall St

Schedule 13G FIlings of Sanmina

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.45%
6,576,813
SC 13G/A
Jan 23, 2023
blackrock inc.
17.9%
10,259,025
SC 13G/A
Feb 11, 2022
earnest partners llc
6.0%
3,843,812
SC 13G/A
Feb 10, 2022
vanguard group inc
10.78%
6,937,717
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
7.2%
4,607,977
SC 13G/A
Jan 27, 2022
blackrock inc.
15.8%
10,179,962
SC 13G/A
Jan 26, 2022
blackrock inc.
15.8%
10,179,962
SC 13G
Feb 16, 2021
dimensional fund advisors lp
7.6%
4,974,207
SC 13G/A
Feb 16, 2021
earnest partners llc
7.3%
4,726,748
SC 13G/A
Feb 10, 2021
vanguard group inc
10.27%
6,679,503
SC 13G/A

SANM Fair Value

Sanmina fair value in different scenarios

The table shows the Fair Value estimates for Sanmina for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

36.02

-38.08%

43.32

-25.53%

57.15

-1.75%

81.31

39.78%

103.63

78.15%
Current Inflation

33.33

-42.70%

39.61

-31.91%

51.37

-11.69%

71.64

23.16%

90.45

55.49%
Very High Inflation

29.96

-48.50%

35.06

-39.73%

44.43

-23.62%

60.35

3.75%

75.21

29.29%

Historical Sanmina Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Sanmina

View All Filings
Date Filed Form Type Document
Mar 20, 2023
3
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 16, 2023
8-K
Current Report
Feb 16, 2023
4
Insider Trading

Latest Insider Trading transactions for SANM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Goldsberry John
acquired
179,977
57.19
3,147
-
2023-03-15
PRABHU KRISH A
acquired
179,977
57.19
3,147
-
2023-03-15
DELANEY EUGENE A
acquired
179,977
57.19
3,147
-
2023-03-15
Johnson Susan A
acquired
179,977
57.19
3,147
-
2023-03-15
ROSATI MARIO M
acquired
179,977
57.19
3,147
-
2023-03-15
Hedley David V III
acquired
224,985
57.19
3,934
-
2023-03-15
Licata Joseph G Jr
acquired
179,977
57.19
3,147
-
2023-02-15
ROSATI MARIO M
acquired
75,449
11.85
6,367
-
2023-02-14
BILLINGER BRENT
sold
-295,009
65.023
-4,537
svp & corp controller
2023-02-13
REID ALAN McWILLIAMS
sold
-562,633
65.301
-8,616
evp, global human resources

1–10 of 50

Jure Sola
35000
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.

SANM Income Statement

2022-12-31
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Net sales$ 2,361,361$ 1,757,325
Cost of sales2,170,6541,612,836
Gross profit190,707144,489
Operating expenses:  
Selling, general and administrative60,73061,475
Research and development5,5994,777
Restructuring and other6311,414
Gain on sale of long-lived assets0(4,610)
Total operating expenses66,96063,056
Operating income123,74781,433
Interest income2,933309
Interest expense(8,681)(4,877)
Other income (expense), net(6,712)2,072
Interest and other, net(12,460)(2,496)
Income before income taxes111,28778,937
Provision for income taxes19,78820,303
Net income before noncontrolling interest91,49958,634
Net Income (Loss) Attributable to Noncontrolling Interest3,1000
Net income attributable to common shareholders$ 88,399$ 58,634
Net income attributable to common shareholders per share:  
Basic$ 1.53$ 0.91
Diluted$ 1.48$ 0.89
Weighted average shares used in computing per share amounts:  
Basic57,72764,399
Diluted59,86766,233

SANM Balance Sheet

2022-12-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Oct. 01, 2022
Current assets:  
Cash and cash equivalents$ 735,314$ 529,857
Accounts receivable, net of allowances of approximately $8 million as of December 31, 2022 and October 1, 20221,308,6511,138,894
Contract assets501,893503,674
Inventories1,728,0001,691,081
Prepaid expenses and other current assets80,67562,044
Total current assets4,354,5333,925,550
Property, plant and equipment, net591,155575,170
Deferred tax assets189,638198,588
Other171,886160,192
Total assets5,307,2124,859,500
Current liabilities:  
Accounts payable2,139,4452,029,534
Accrued liabilities292,212275,735
Accrued payroll and related benefits135,880130,892
Short-term debt, including current portion of long-term debt17,50017,500
Total current liabilities2,585,0372,453,661
Long-term liabilities:  
Long-term debt325,007329,237
Other223,376215,333
Total long-term liabilities548,383544,570
Contingencies (Note 7)
Stockholders’ equity2,173,7921,861,269
Total liabilities and stockholders’ equity$ 5,307,212$ 4,859,500