Stock fact sheet · data as of
Sanmina Corporation (SANM): fair value, margin of safety and Wheel Score
Technology · Hardware, Equipment & Parts · United States · Blend
Is SANM undervalued?
At 194.32 (close of 16 Oct 2026), SANM trades 27% over the GLS average fair value of 152.67. 3 of the 8 models land above the price and 5 below. A negative margin of safety costs Value points in the Wheel Score (1 of 25 here) - the models see no discount, which does not make the business a poor one, only the price a full one.
There is a wide gap between DCF (28.31) and Payback Time (317.94). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files SANM under Blend.
Nine valuation models for SANM
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 28.31 | -85% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 78.21 | -60% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 219.90 | +13% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 88.14 | -55% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 124.66 | -36% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 300.65 | +55% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 317.94 | +64% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 63.56 | -67% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 28.85 | -85% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 131.00 | -33% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Sanmina Corporation scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability SANM scores 6.4/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 8.9%, ROE 10.4%, ROA 4.2% - with debt at 0.17 times equity and a free-cash-flow yield of 5.7%.
Sanmina Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from IMS 85%, CPS Third Party Revenue 15% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 8.9% |
|---|---|---|---|
| GLS Moat | 6.4 / 10 | ROE | 10.4% |
| Debt / equity | 0.17 | ROA | 4.2% |
| Free-cash-flow yield | 5.7% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 53: Fair
A Wheel Score of 53 puts Sanmina Corporation in the Fair band - below the 70 the Sunday Scan requires. Value 1/25, Health 11/20, Moat 10/15, Premium 16/20 and Stability 15/20; the weakest part is Value (1/25).
Implied volatility is 78% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (16 of 20) because volatility this high usually comes with a reason. Chain open interest is 11,012 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 564k shares a day on a market cap of $10.4B, with a beta of 1.61 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 1 / 25 | -27% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 10 / 15 | moat 6.4/10 | |
| Premium | 16 / 20 | implied volatility 78% | |
| Stability | 15 / 20 | 564k shares/day, $10.4B cap, beta 1.61 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Nov 2026 (after the close), 17 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Hardware, Equipment & Parts
The 12 companies below are the closest to Sanmina Corporation by market cap within the Hardware, Equipment & Parts industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AEIS Advanced Energy Industries, Inc. | 252.08 | 91.93 | -174% | 55Fair | $10.1B |
| TTMI TTM Technologies, Inc. | 103.31 | 53.19 | -94% | 51Fair | $10.9B |
| LFUS Littelfuse, Inc. | 391.83 | 187.21 | -109% | 45Weak | $10.0B |
| VICR Vicor Corporation | 245.35 | 74.68 | -229% | 44Weak | $11.3B |
| CGNX Cognex Corporation | 55.67 | 17.47 | -219% | 63Fair | $9.4B |
| TRMB Trimble Inc. | 59.10 | 50.18 | -18% | 45Weak | $13.8B |
| FN Fabrinet | 385.20 | 302.13 | -27% | 60Fair | $13.8B |
| RAL Ralliant Corp | 69.89 | 21.73 | -222% | 45Weak | $7.7B |
| MKSI MKS Inc. | 228.52 | 114.56 | -99% | 55Fair | $15.5B |
| PLXS Plexus Corp. | 245.72 | 146.78 | -67% | 57Fair | $6.5B |
| ESE ESCO Technologies Inc. | 252.67 | 251.84 | -0% | 70Good | $6.5B |
| FTV Fortive Corporation | 57.78 | 32.97 | -75% | 63Fair | $17.5B |
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Start free See the Sunday ScanQuestions about SANM
Is SANM undervalued right now?
No: at 194.32 the stock trades 27% above the GLS average fair value of 152.67 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of SANM and what does it mean?
SANM scores 53 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SANM?
152.67 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Sanmina Corporation report earnings next?
The next earnings report is due on 2 Nov 2026 (after the close), 17 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SANM have listed options, and how liquid are they?
Yes. The nightly snapshot found 550 listed contracts with 11,012 open interest across all expiries and implied volatility of 78% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.