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Is this Large Market Cap Stock target price reasonable for Sanmina Corporation (NASDAQ:SANM)?

The company in question is, Sanmina Corporation (NASDAQ:SANM) currently with a stock price of 27.65 (1.47% today). The market cap for Sanmina Corporation is 2036.12, and is in the sector Technology, and Diversified Electronics industry. The target price for Sanmina Corporation is 30.17. Currently Sanmina Corporation is trading with a P/E of 5.59, and a forward P/E of 10.08. Average volume for Sanmina Corporation is 485.42 and so far today it is 171213.

Performance in the last year for Sanmina Corporation has been 17.46%. For EPS growth, Sanmina Corporation has seen a growth of 93.80%, and is looking to grow in the next year to 8.20%. More long term stats show that EPS growth has been 24.30% over the last five years and could be -15.00% for the next five years. Sanmina Corporation has seen sales growth quarter over quarter at 8.50%, with EPS growth quarter over quarter at 34.00%. The 20-day simple moving average is 1.43%, with the 200-day simple moving average coming to 13.81%.

Since the IPO date for Sanmina Corporation on the 6/22/1993, Sanmina Corporation has seen performance year to date to be 32.41%. With Sanmina Corporation trading at 27.65, the dividend yield is *TBA, and the EPS is 4.88.

So could Sanmina Corporation, be undervalued? Well as said before P/E is 5.59. The PEG is *TBA, P/S is 0.32 and the P/B is at 1.31. The P/cash is 4.97, with P/free cash flow at 12.88.

Sanmina Corporation ability to deal with debt shows that the current ratio is 1.6, and the quick ratio is 1. This is with long term debt/equity at 0.28, and total debt/equity at 0.34.

In terms of margins, Sanmina Corporation has a gross margin of 7.90%, an operating margin of 3.40% and a profit margin of 6.20%.Payout ratio for Sanmina Corporation is 0.00%. Return on assets come to 11.40% with return on investment coming to 19.50%.

Insider ownership for Sanmina Corporation, is at 1.00% and institutional ownership comes to 96.30%. Outstanding shares are at 74.72. While shares float is 72.82. The float short is currently 2.04%, and short ratio is 3.05.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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