Discounted Cash Flow

Sanmina Corp.

SANM · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $6.5b $187.8m $269.7m 2.9% $2.50
2017 $6.9b (6.0%) $138.8m (-26.1%) $139.1m (-48.4%) 2.0% (-30.3%) $1.86 (-25.6%)
2018 $7.1b (3.5%) $-95.5m (-168.8%) $37.5m (-73.0%) -1.3% (-166.5%) $-1.37 (-173.7%)
2019 $8.2b (15.8%) $141.5m (248.1%) $248.3m (561.4%) 1.7% (227.9%) $2.05 (249.6%)
2020 $7.0b (-15.5%) $139.7m (-1.3%) $234.6m (-5.5%) 2.0% (16.8%) $2.02 (-1.5%)
2021 $6.8b (-2.9%) $269.0m (92.5%) $265.0m (13.0%) 4.0% (98.3%) $4.12 (104.0%)
2022 $7.9b (17.2%) $240.4m (-10.6%) $192.2m (-27.5%) 3.0% (-23.8%) $3.92 (-4.9%)
2023 $8.9b (12.8%) $310.0m (28.9%) $43.8m (-77.2%) 3.5% (14.3%) $5.36 (36.7%)
2024 $7.6b (-15.3%) $222.5m (-28.2%) $229.0m (422.8%) 2.9% (-15.2%) $4.00 (-25.4%)
2025 $8.1b (7.4%) $245.9m (10.5%) $473.3m (106.7%) 3.0% (2.9%) $4.56 (14.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model