Sandisk Corp. (SNDK) intrinsic value & 10-year financials

Sandisk Corp. (SNDK) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 9.9% a year to $7.4B, with an average return on invested capital of -11.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1,299.30
Market cap
$188.4B
Revenue (FY2025)
$7.4B
Revenue growth (4-yr CAGR)
9.9%
ROIC (10-yr avg)
-11.4%
Free cash flow (FY2025)
-$120.0M

SNDK 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $7.4B -$1.6B -$11.32 -$120.0M -18.7% -13.3%
FY2024 $6.7B -$672.0M -$4.63 -$475.0M -7.0% -4.3%
FY2023 $6.1B -$2.1B -$14.78 -$932.0M -33.4% -16.7%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Sandisk revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Sandisk has historically struggled to out-earn its cost of capital, averaging just -11.4% ROIC.

Sandisk capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sandisk is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-239.27 per share.

SNDK stock: frequently asked questions

What is the intrinsic value of Sandisk Corp. (SNDK) stock?

Graham's formula only works with positive earnings. Sandisk Corp. reported diluted EPS of -$11.32 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Sandisk Corp. generate free cash flow?

Sandisk Corp. generated -$120.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is SNDK's return on invested capital?

Average ROIC over the last 4 fiscal years was -11.4%, and average return on equity was -13.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SNDK data come from?

From Sandisk Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 1, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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