Sanmina Corporation Intrinsic Value Calculator – SANMINA CORPORATION Reports Third Quarter Fiscal Year 2023 Earnings Results on July 31, 2023

🌥️Earnings Overview

SANMINA CORPORATION ($NASDAQ:SANM) reported their fiscal year 2023 third quarter earnings (ending June 30, 2023) on July 31, 2023, with a total revenue of USD 2207.1 million, a rise of 9.3% from the same quarter in the prior year. Nonetheless, their reported net income was USD 76.5 million, a decrease of 3.8% year-over-year.

Stock Price

On Monday, the company’s stock opened at $60.1 per share and closed at $61.5 per share, up by 2.6% from the previous closing price of $59.9. The company attributed the growth in revenue and income to strong demand for its products and services across several industries. Overall, the company’s strong financial results have resulted in a positive reaction from the markets, with shares rising significantly in both premarket and after market trading. With a strong outlook for the rest of the fiscal year, investors appear to be confident in SANMINA CORPORATION‘s ability to maintain its positive financial momentum. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sanmina Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sanmina Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sanmina Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Sanmina Corporation are shown below. More…

Analysis – Sanmina Corporation Intrinsic Value Calculator

GoodWhale has conducted an analysis of SANMINA CORPORATION‘s financials and has determined that the intrinsic value of SANMINA CORPORATION share is around $54.5, calculated using our proprietary Valuation Line. Currently, SANMINA CORPORATION stock is traded at $61.5, which means that the stock is slightly overvalued by 12.8%. In light of this information, investors may want to reconsider their investment in SANMINA CORPORATION. More…

Peers

The company’s competitors include TT Electronics PLC, Frencken Group Ltd, and Elma Electronic AG.

– TT Electronics PLC ($LSE:TTG)

TT Electronics is a provider of advanced electronics solutions for the transportation, industrial, aerospace, and defence markets. The company has a market cap of 229M as of 2022 and a return on equity of 3.65%. TT Electronics designs, manufactures, and markets a range of electronic components, modules, and systems. Its products include sensors, actuators, and control systems. The company serves original equipment manufacturers and Tier 1 suppliers in the automotive, aerospace, defence, and industrial markets.

– Frencken Group Ltd ($SGX:E28)

Frencken Group Ltd is a Singapore-based investment holding company that, through its subsidiaries, is engaged in the design, manufacture, assembly and distribution of mechatronic products, and provision of engineering services. The Company’s segments include Mechatronic Products, which includes design, manufacture, assembly and distribution of mechatronic products; and Engineering Services, which includes provision of engineering services.

– Elma Electronic AG ($LTS:0QKS)

Elma Electronic AG is a publicly traded company with a market capitalization of 233.06M as of 2022. The company has a return on equity of 8.95%. Elma Electronic AG is a leading manufacturer of electronic packaging products and solutions. The company’s products are used in a variety of industries, including aerospace, defense, medical, and industrial. Elma Electronic AG’s products are designed to meet the most demanding requirements of its customers.

Summary

Investors should be encouraged by SANMINA CORPORATION’s third-quarter financial results for fiscal year 2023, as total revenue increased by 9.3% compared to the same quarter in the prior year. However, net income decreased by 3.8%, indicating that the company is facing some challenges in terms of profitability. Despite this, overall the company is in a relatively healthy financial situation and could be a good opportunity for investors who are looking for long-term growth potential.