Sanmina Corp. (SANM) intrinsic value & 10-year financials
Sanmina Corp. (SANM) has a Graham intrinsic value of $88.35 per share. At $175.67 on Oct 17, 2026, the stock trades 99% above that value. Over the last 10 fiscal years revenue grew 2.5% a year to $8.1B, with an average return on invested capital of 12.8%.
- Graham intrinsic value
- $88.35
- Share price (Oct 17, 2026)
- $175.67
- Price vs Graham value
- 99% above
- Market cap
- $9.7B
- Revenue (FY2025)
- $8.1B
- Revenue growth (10-yr CAGR)
- 2.5%
- ROIC (10-yr avg)
- 12.8%
- Free cash flow (FY2025)
- $473.3M
SANM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $8.1B | $245.9M | $4.46 | $473.3M | 4.4% | 13.6% |
| FY2024 | $7.6B | $222.5M | $3.91 | $229.0M | 4.4% | 12.0% |
| FY2023 | $8.9B | $310.0M | $5.18 | $43.8M | 5.1% | 19.1% |
| FY2022 | $7.9B | $256.1M | $4.06 | $192.2M | 4.6% | 17.9% |
| FY2021 | $6.7B | $269.0M | $4.01 | $265.0M | 4.2% | 15.9% |
| FY2020 | $7.0B | $139.7M | $1.97 | $234.6M | 3.3% | 10.4% |
| FY2019 | $8.2B | $141.5M | $1.97 | $248.3M | 3.5% | 12.7% |
| FY2018 | $7.1B | -$95.5M | -$1.37 | $37.5M | 1.7% | 4.4% |
| FY2017 | $6.9B | $138.8M | $1.78 | $139.1M | 3.3% | 9.0% |
| FY2016 | $6.5B | $187.8M | $2.38 | $269.7M | 3.5% | 12.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SANMINA CORP has demonstrated mature, steady growth, with revenue compounding at 2.5% annually over the past decade.
SANMINA CORP returns on capital have been average, hovering around 12.8% ROIC over the decade.
Over the decade, SANMINA CORP shows that management has aggressively returned capital to shareholders by retiring 30.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SANMINA CORP is modeled at 7.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $88.35 per share.