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Sanmina Corporation ( we or Sanmina or the Company ) is a leading global provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. We provide these comprehensive offerings primarily to original equipment manufacturers ( OEMs ) in the following industries: industrial, medical, defense and aerospace, automotive, communications n…
$188.08
$4.08 (-2.12%)
Price from 37 days ago
Operating margin is thin at 4.36%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 7.4%, steady but not accelerating.
At 38x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
37.6x earnings, 13.5x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$10.14B
▲ +7.4% YoY
Net Income (TTM)
$275M
▲ +10.5% YoY
Op. Margin
4.17%
ROIC
9.81%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$768M
▲ +106.7% YoY
Op. Cash Flow (TTM)
$955M
▲ +82.4% YoY
Net Debt
$844M
Cash & Equiv.
$1.58B
3Y CAGR: +0.9%
3Y CAGR: +35.0%
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