Sanmina SANM
United StatesTechnology · Electronic ComponentsUSD
260.00 USD (+18.5%)
4 analysts
Trading 2120.30 €Open account ↗
Lightyear0.90 €Open account ↗
N260.90 €Open account ↗
XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Lightyear0.90 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
Sanmina Corporation is a contract electronics manufacturing (EMS) company that designs, manufactures, and manages the supply chain of electronic products for clients in the communications, networking, industrial, medical, defense, and automotive sectors.
Key points
from its scores- ✓Strong growth9.8
- ✓Good share-price trend9.4
- ✕Little or no dividend1.5
- ✕Unfavourable risk and backdrop3.5
- ✕Little competitive advantage4.0
AI analysis
bottom line, main risk, context and newsStrong growth and reasonable valuation offset weakness in margins and cash generation, but the high beta (3.47) requires tolerance for volatility.
Sanmina shows explosive growth (revenue +69.7%, earnings +68.3%) with solid financial health (Net Debt/EBITDA of 0.67) and attractive valuation on forward P/E (15.77) and PEG (0.78), although its gross margin is low (9.02%) and free cash flow conversion is negative, which weighs on quality.
Negative free cash flow conversion (-25.68%) and low gross margin (9.02%) indicate that current growth may not translate into cash generation, a key risk to the sustainability of the business model.
Context and risks
No recent relevant news and no material exposure to current macro factors. The contract electronics manufacturing (EMS) business does not depend on commodities or critical shipping routes, and its balance sheet is sound (Net Debt/EBITDA of 0.67), so the rise in long-term US rates has a limited impact. The main risk is the high beta (3.47) and negative free cash flow conversion, which are already reflected in the quantitative metrics.
Is Sanmina stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Technology median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 39.3 | 31.3 | +25% |
| EV / EBITDA | 14.5 | 20.4 | −29% |
| Price / book | 4.6 | 6.3 | −27% |
| Price / sales | 0.9 | 5.3 | −83% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.3 out of 10 (median for Technology: 5.3).
Average analyst target: 260.00 USD, +18.5% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 39.3
- Forward P/E
- 15.8
- EV / EBITDA
- 14.5
- Price / book
- 4.6
- Price / sales
- 0.9
- PEG
- 0.78
- Market cap
- 11.8B USD
- Enterprise value
- 12.5B USD
Profitability
- ROE
- 12.5%
- ROA
- 5.9%
- ROIC (approx.)
- 18.0%
- Gross margin
- 9.0%
- Operating margin
- 7.0%
- Net margin
- 2.4%
- Free cash flow
- −222.2M USD
- FCF yield
- −1.9%
- Cash conversion
- −26%
Solvency
- Total debt
- 2.4B USD
- Net debt
- 579.6M USD
- Cash
- 1.9B USD
- EBITDA
- 865.3M USD
- Net debt / EBITDA
- 0.67
- Debt / equity
- 88.16
- Current ratio
- 1.78
- Quick ratio
- 0.99
Growth
- Revenue growth
- +69.7%
- Earnings growth
- +68.3%
- EPS (TTM)
- 5.59 USD
- EPS (forward)
- 13.92 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.61
- Analyst consensus
- none (4)
- Target price
- 260.00 USD
- 52-week range
- 118.10 – 288.68
Recent news
All SANM news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Sanmina
Is Sanmina stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Technology median (within 15%). Valuation score: 6.3 out of 10 (median for Technology: 5.3). Average analyst target: 260.00 USD, +18.5% versus the price. This is not investment advice.
What score does Sanmina get on MeridIAn Screener?
It scores 6.0 out of 10, rank 1,017 of 2,130 (better than 51% of the companies analysed). Its strongest category is Growth (9.8) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Sanmina's P/E ratio?
Its P/E is 39.3: the share price equals 39.3 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 15.8.
How much is Sanmina worth on the stock market?
Its market capitalisation is 11.8B USD and its enterprise value, debt included, is 12.5B USD.
How much debt does Sanmina have?
Its net debt (debt minus cash) is 579.6M USD. That is 0.67 times its EBITDA; the Technology median is 0.20.
Does Sanmina pay a dividend?
It pays no dividend, or almost none.
How has Sanmina stock performed over the last year?
It has risen 78.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 118.10 and 288.68 USD. Past performance does not guarantee future results.
What do analysts think of Sanmina?
4 analysts cover it; their average recommendation is “none” and their average target is 260.00 USD (+18.5% versus the price). It is an estimate, not market data.