Sanmina Corporation (Nasdaq: SANM) is a leading integrated manufacturing solutions provider serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina Corporationprovides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, defense and aerospace, industrial and semiconductor systems, medical, multimedia, computing and storage, automotive and clean technology sectors. Sanmina Corporation has facilities strategically located in key regions throughout the world.

Type
Public
HQ
San Jose, US
Founded
1980
Size (employees)
45,397 (est)+4%
Sanmina was founded in 1980 and is headquartered in San Jose, US

Key People at Sanmina

Jure Sola

Jure Sola

Chairman and Chief Executive Officer
Bob Eulau

Bob Eulau

Executive Vice President and Chief Financial Officer
Alan Reid

Alan Reid

Executive Vice President, Global Human Resources
Dennis Young

Dennis Young

Executive Vice President, Worldwide Sales

Sanmina Office Locations

Sanmina has offices in San Jose, Gunzenhausen, Hong Kong and Singapore
San Jose, US (HQ)
2700 N 1st St
Singapore, SG
3 Depot Cl
Hong Kong, HK
Kader Industrial Co. Ltd. 22 Kai Cheung Rd
Gunzenhausen, DE
1 Lerchenstraße

Sanmina Data and Metrics

Sanmina Financial Metrics

Sanmina's revenue was reported to be $6.5 b in FY, 2016 which is a 2% increase from the previous period.
USD

Revenue (FY, 2016)

6.5 b

Revenue growth (FY, 2015 - FY, 2016), %

2%

Gross profit (FY, 2016)

514.3 m

Gross profit margin (FY, 2016), %

8%

Net income (FY, 2016)

187.8 m

EBIT (FY, 2016)

224.8 m

Market capitalization (19-Jul-2017)

3.1 b

Closing share price (19-Jul-2017)

40.9

Cash (31-Dec-2016)

398.3 m

EV

3.2 b
Sanmina's current market capitalization is $3.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.9 b6.2 b6.4 b6.5 b

Revenue growth, %

5%3%2%

Cost of goods sold

5.5 b5.7 b5.9 b6 b

Gross profit

426.8 m488.3 m483.9 m514.3 m

Gross profit Margin, %

7%8%8%8%

R&D expense

37.7 m

General and administrative expense

244.6 m

Operating expense total

269.2 m288.6 m280.8 m289.5 m

EBIT

157.6 m199.7 m203.1 m224.8 m

EBIT margin, %

3%3%3%3%

Interest expense

41 m30.8 m25 m24.9 m

Interest income

1 m1.5 m1.1 m680 k

Pre tax profit

103.4 m161.7 m176.2 m204.6 m

Income tax expense

24.1 m(35.4 m)(201.1 m)16.8 m

Net Income

79.4 m197.2 m377.3 m187.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

402.9 m466.6 m412.3 m398.3 m

Inventories

781.6 m893.2 m918.7 m946.2 m

Current Assets

2.2 b2.5 b2.4 b2.4 b

PP&E

540.2 m563 m590.8 m617.5 m

Total Assets

3 b3.3 b3.5 b3.6 b

Accounts Payable

956.5 m1.1 b1 b1.1 b

Total Debt

584.8 m544.1 m537.4 m462.5 m

Current Liabilities

1.2 b1.5 b1.4 b1.4 b

Non-Current Liabilities

697.6 m532.2 m592.2 m614.2 m

Total Liabilities

1.9 b2.1 b2 b2 b

Additional Paid-in Capital

6.1 b6.1 b6.1 b6.1 b

Retained Earnings

(4.9 b)(4.7 b)(4.3 b)(4.1 b)

Total Equity

1.1 b1.2 b1.5 b1.6 b

Debt to Equity Ratio

0.5 x0.4 x0.4 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.1 x

Financial Leverage

2.7 x2.7 x2.3 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

79.4 m197.2 m377.3 m187.8 m

Depreciation and Amortization

3.4 m

Accounts Receivable

56.8 m(35.8 m)40.2 m(36.9 m)

Inventories

44.3 m(81.2 m)(13.7 m)5.6 m

Accounts Payable

22.3 m174.3 m(116.9 m)95.2 m

Cash From Operating Activities

317.9 m307.4 m174.9 m390.1 m

Purchases of PP&E

(76 m)(69.5 m)(119.1 m)(120.4 m)

Cash From Investing Activities

(42.9 m)(141.9 m)(102.4 m)(174.5 m)

Long-term Borrowings

(4.4 m)

Cash From Financing Activities

(279.3 m)(103 m)(126.8 m)(231.4 m)

Interest Paid

42.2 m31.5 m18.7 m21.3 m

Income Taxes Paid

18.1 m29.1 m44.8 m29.3 m
USDY, 2016

EV/EBIT

14.2 x

EV/CFO

8.2 x

Revenue/Employee

145.2 k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.3 x

Sanmina Operating Metrics

FY, 2014FY, 2015FY, 2016Y, 2017

Countries

25252325

Sanmina Market Value History

Sanmina Revenue Breakdown

Sanmina Median Salaries

Source: 12 public H-1B filings from Sanmina

Sanmina Online and Social Media Presence

Sanmina Company Life and Culture

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