Sanmina Corporation Stock Fair Value – SANMINA CORPORATION Reports Fourth Quarter Earnings Results for FY2023
November 21, 2023
🌥️Earnings Overview
On November 6 2023, SANMINA CORPORATION ($NASDAQ:SANM) announced its earnings results for the fourth quarter of FY2023, ending on September 30 2023. Total revenue amounted to USD 2052.0 million, showing a 6.8% decrease compared to the same period in the prior year. Net income dropped by 4.4%, amounting to USD 61.8 million.
Share Price
The company’s stock opened at $53.4 but closed at $52.8, marking a decrease of 1.0% from the previous closing price of $53.4. This slight dip in stock prices was attributed to the company’s lackluster performance in the fourth quarter, which was below analyst expectations. This could be attributed to sluggish demand in the market and the company’s inability to adjust to changing market trends.
The company’s outlook for the future is uncertain, as it is unclear if the company can regain its previous momentum in the market. Investors will be watching closely to see if the company can take necessary steps to recover from its lackluster performance in the fourth quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sanmina Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.94k | 309.97 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sanmina Corporation. More…
| Operations | Investing | Financing |
| 235.17 | -192.46 | 94.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sanmina Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.87k | 2.56k | 37.9 |
Key Ratios Snapshot
Some of the financial key ratios for Sanmina Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.7% | 20.8% | 5.0% |
| FCF Margin | ROE | ROA |
| 0.5% | 13.9% | 5.8% |
Analysis – Sanmina Corporation Stock Fair Value
At GoodWhale, we recently conducted an analysis of SANMINA CORPORATION‘s wellbeing. Our proprietary Valuation Line indicated that the intrinsic value of SANMINA CORPORATION share is around $56.8. Currently, the stock is traded at $52.8, which is a fair price, yet undervalued by 7.0%. This presents a great opportunity to invest in SANMINA CORPORATION for those looking to take advantage of its current market position. Therefore, we believe SANMINA CORPORATION is a good option for long-term investment. More…
Peers
The company’s competitors include TT Electronics PLC, Frencken Group Ltd, and Elma Electronic AG.
– TT Electronics PLC ($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
SANMINA CORPORATION reported its earnings for the fourth quarter of FY2023 ending on September 30 2023. Total revenue for the quarter declined 6.8% year-over-year to USD 2052.0 million, while net income decreased 4.4% to USD 61.8 million. For investors, this indicates that the company has experienced a significant decrease in profitability, and should be monitored closely for signs of recovery or further decline. Additionally, it may be beneficial to assess the company’s financial statements and investment strategies in order to identify any potential areas of improvement.
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