What is Sanmina Corp worth?
With the base-case assumptions below, a discounted cash flow model on Sanmina Corp's reported free cash flow gives $134.51 per share. The share price was $224.77 on September 25, 2026, 67% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -2.0% | 10.0% | $81.17 | -64% |
| Base | 3.0% | 9.0% | $134.51 | -40% |
| Bull | 8.0% | 8.0% | $234.13 | +4% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $172.19 | $183.59 | $197.53 | $214.94 | $237.34 |
| 8.0% | $144.15 | $151.55 | $160.28 | $170.77 | $183.58 |
| 9.0% | $123.63 | $128.68 | $134.51 | $141.32 | $149.36 |
| 10.0% | $107.96 | $111.55 | $115.63 | $120.28 | $125.65 |
| 11.0% | $95.61 | $98.25 | $101.19 | $104.50 | $108.26 |
Where the presets come from
Base: years 1 to 5 grow at Sanmina Corp's revenue growth rate over the last 5 fiscal years (3.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions