Sanmina Corporation (SANM) - Net Assets
Based on the latest financial reports, Sanmina Corporation (SANM) has net assets worth $2.66 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.80 Billion) and total liabilities ($7.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Sanmina Corporation to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.66 Billion |
| % of Total Assets | 27.15% |
| Annual Growth Rate | 24.44% |
| 5-Year Change | 35.16% |
| 10-Year Change | 57.73% |
| Growth Volatility | 4389.96 |
Sanmina Corporation - Net Assets Trend (1991–2025)
This chart illustrates how Sanmina Corporation's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Sanmina Corporation for the complete picture of this company's asset base.
Annual Net Assets for Sanmina Corporation (1991–2025)
The table below shows the annual net assets of Sanmina Corporation from 1991 to 2025. For live valuation and market cap data, see how much is Sanmina Corporation worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $2.54 Billion | +7.52% |
| 2024-09-30 | $2.36 Billion | +1.85% |
| 2023-09-30 | $2.32 Billion | +27.43% |
| 2022-09-30 | $1.82 Billion | -3.15% |
| 2021-09-30 | $1.88 Billion | +15.26% |
| 2020-09-30 | $1.63 Billion | -0.77% |
| 2019-09-30 | $1.64 Billion | +11.52% |
| 2018-09-30 | $1.47 Billion | -10.61% |
| 2017-09-30 | $1.65 Billion | +2.35% |
| 2016-09-30 | $1.61 Billion | +5.88% |
| 2015-09-30 | $1.52 Billion | +21.95% |
| 2014-09-30 | $1.25 Billion | +14.22% |
| 2013-09-30 | $1.09 Billion | +13.26% |
| 2012-09-30 | $963.78 Million | +25.08% |
| 2011-09-30 | $770.52 Million | +16.46% |
| 2010-09-30 | $661.60 Million | +21.81% |
| 2009-09-30 | $543.14 Million | -21.96% |
| 2008-09-30 | $695.96 Million | -40.68% |
| 2007-09-30 | $1.17 Billion | -48.33% |
| 2006-09-30 | $2.27 Billion | -4.75% |
| 2005-09-30 | $2.38 Billion | -28.94% |
| 2004-09-30 | $3.35 Billion | +0.95% |
| 2003-09-30 | $3.32 Billion | -2.68% |
| 2002-09-30 | $3.41 Billion | +85.48% |
| 2001-09-30 | $1.84 Billion | +8.20% |
| 2000-09-30 | $1.70 Billion | +171.67% |
| 1999-09-30 | $626.30 Million | +82.01% |
| 1998-09-30 | $344.10 Million | +120.72% |
| 1997-09-30 | $155.90 Million | +50.34% |
| 1996-09-30 | $103.70 Million | +54.32% |
| 1995-09-30 | $67.20 Million | +43.90% |
| 1994-09-30 | $46.70 Million | +78.93% |
| 1993-09-30 | $26.10 Million | +26000.00% |
| 1992-09-30 | $100.00K | -93.33% |
| 1991-09-30 | $1.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sanmina Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 245797900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $534.00K | 0.02% |
| Other Comprehensive Income | $69.62 Million | 2.96% |
| Other Components | $4.75 Billion | 201.59% |
| Total Equity | $2.35 Billion | 100.00% |
Sanmina Corporation Competitors by Market Cap
The table below lists competitors of Sanmina Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pool Corporation
NASDAQ:POOL
|
$7.75 Billion |
|
GAZTR.TECHNI.U.ADR1/5EO01
F:9TG0
|
$7.76 Billion |
|
Zurn Elkay Water Solutions Corporation
NYSE:ZWS
|
$7.76 Billion |
|
Yanzhou Coal Mining Company Limited
F:YZC
|
$7.77 Billion |
|
Tingyi (Cayman Islands) Holding Corp
F:TYG
|
$7.74 Billion |
|
TURK HA.YO.UNS.ADR 10 TN1
F:TU5A
|
$7.74 Billion |
|
Chime Financial, Inc. Class A Common Stock
NASDAQ:CHYM
|
$7.73 Billion |
|
Nemetschek AG O.N.
XETRA:NEM
|
$7.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sanmina Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,196,618,000 to 2,353,906,000, a change of 157,288,000 (7.2%).
- Net income of 245,893,000 contributed positively to equity growth.
- Share repurchases of 113,797,000 reduced equity.
- Other comprehensive income increased equity by 2,879,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $245.89 Million | +10.45% |
| Share Repurchases | $113.80 Million | -4.83% |
| Other Comprehensive Income | $2.88 Million | +0.12% |
| Other Changes | $22.31 Million | +0.95% |
| Total Change | $- | 7.16% |
Book Value vs Market Value Analysis
This analysis compares Sanmina Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1653.86x to 5.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-09-30 | $0.13 | $223.27 | x |
| 1992-09-30 | $0.01 | $223.27 | x |
| 1993-09-30 | $1.84 | $223.27 | x |
| 1994-09-30 | $2.71 | $223.27 | x |
| 1995-09-30 | $3.08 | $223.27 | x |
| 1996-09-30 | $3.57 | $223.27 | x |
| 1997-09-30 | $5.47 | $223.27 | x |
| 1998-09-30 | $7.21 | $223.27 | x |
| 1999-09-30 | $12.51 | $223.27 | x |
| 2000-09-30 | $30.26 | $223.27 | x |
| 2001-09-30 | $33.45 | $223.27 | x |
| 2002-09-30 | $42.51 | $223.27 | x |
| 2003-09-30 | $39.09 | $223.27 | x |
| 2004-09-30 | $38.99 | $223.27 | x |
| 2005-09-30 | $27.53 | $223.27 | x |
| 2006-09-30 | $25.90 | $223.27 | x |
| 2007-09-30 | $13.35 | $223.27 | x |
| 2008-09-30 | $7.87 | $223.27 | x |
| 2009-09-30 | $6.58 | $223.27 | x |
| 2010-09-30 | $8.02 | $223.27 | x |
| 2011-09-30 | $9.27 | $223.27 | x |
| 2012-09-30 | $11.54 | $223.27 | x |
| 2013-09-30 | $12.78 | $223.27 | x |
| 2014-09-30 | $14.37 | $223.27 | x |
| 2015-09-30 | $17.75 | $223.27 | x |
| 2016-09-30 | $20.43 | $223.27 | x |
| 2017-09-30 | $21.09 | $223.27 | x |
| 2018-09-30 | $21.09 | $223.27 | x |
| 2019-09-30 | $22.92 | $223.27 | x |
| 2020-09-30 | $23.02 | $223.27 | x |
| 2021-09-30 | $27.31 | $223.27 | x |
| 2022-09-30 | $28.83 | $223.27 | x |
| 2023-09-30 | $36.26 | $223.27 | x |
| 2024-09-30 | $38.56 | $223.27 | x |
| 2025-09-30 | $42.66 | $223.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sanmina Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.03%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 2.49x
- Recent ROE (10.45%) is above the historical average (-46.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | -133.33% | -3.40% | 1.25x | 31.47x | $-2.15 Million |
| 1992 | -1500.00% | -2.30% | 1.42x | 458.00x | $-1.51 Million |
| 1993 | 19.54% | 5.76% | 1.94x | 1.75x | $2.49 Million |
| 1994 | -6.64% | -2.69% | 1.78x | 1.38x | $-7.77 Million |
| 1995 | 25.30% | 10.13% | 0.89x | 2.80x | $10.28 Million |
| 1996 | 27.10% | 10.60% | 1.15x | 2.22x | $17.73 Million |
| 1997 | 26.23% | 10.09% | 1.34x | 1.94x | $25.31 Million |
| 1998 | 19.82% | 9.44% | 1.55x | 1.36x | $33.79 Million |
| 1999 | 14.96% | 7.71% | 1.01x | 1.92x | $31.07 Million |
| 2000 | 11.30% | 4.92% | 1.07x | 2.14x | $22.19 Million |
| 2001 | 2.20% | 1.00% | 1.11x | 1.98x | $-143.65 Million |
| 2002 | -78.97% | -30.78% | 1.17x | 2.20x | $-3.04 Billion |
| 2003 | -4.13% | -1.32% | 1.39x | 2.24x | $-469.48 Million |
| 2004 | -0.34% | -0.09% | 1.62x | 2.25x | $-346.87 Million |
| 2005 | -42.20% | -8.57% | 1.87x | 2.63x | $-1.24 Billion |
| 2006 | -6.23% | -1.29% | 1.87x | 2.58x | $-368.61 Million |
| 2007 | -96.72% | -10.93% | 2.22x | 3.98x | $-1.25 Billion |
| 2008 | -69.88% | -6.75% | 2.05x | 5.05x | $-555.94 Million |
| 2009 | -25.08% | -2.63% | 1.66x | 5.75x | $-190.54 Million |
| 2010 | 18.51% | 1.94% | 1.91x | 4.99x | $56.27 Million |
| 2011 | 8.94% | 1.04% | 1.97x | 4.35x | $-8.13 Million |
| 2012 | 18.70% | 2.96% | 1.92x | 3.29x | $83.86 Million |
| 2013 | 7.27% | 1.34% | 1.98x | 2.74x | $-29.81 Million |
| 2014 | 15.81% | 3.17% | 1.88x | 2.66x | $72.49 Million |
| 2015 | 24.81% | 5.92% | 1.82x | 2.30x | $225.21 Million |
| 2016 | 11.67% | 2.90% | 1.79x | 2.25x | $26.86 Million |
| 2017 | 8.43% | 2.02% | 1.79x | 2.34x | $-25.94 Million |
| 2018 | -6.49% | -1.34% | 1.74x | 2.77x | $-242.82 Million |
| 2019 | 8.62% | 1.72% | 2.11x | 2.38x | $-22.74 Million |
| 2020 | 8.17% | 1.92% | 1.84x | 2.31x | $-29.82 Million |
| 2021 | 13.28% | 3.70% | 1.60x | 2.24x | $61.68 Million |
| 2022 | 13.21% | 3.04% | 1.64x | 2.66x | $58.43 Million |
| 2023 | 14.29% | 3.47% | 1.83x | 2.25x | $93.08 Million |
| 2024 | 10.13% | 2.94% | 1.57x | 2.20x | $2.87 Million |
| 2025 | 10.45% | 3.03% | 1.39x | 2.49x | $10.50 Million |
Industry Comparison
This section compares Sanmina Corporation's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $107,709,155
- Average return on equity (ROE) among peers: 11.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sanmina Corporation (SANM) | $2.66 Billion | -133.33% | 2.68x | $7.75 Billion |
| Allient Inc. (ALNT) | $72.29 Million | 12.56% | 1.49x | $1.08 Billion |
| Amphenol Corporation (APH) | $481.60 Million | 33.91% | 1.71x | $174.92 Billion |
| Bel Fuse A Inc (BELFA) | $20.90 Million | 12.44% | 0.17x | $541.76 Million |
| Bel Fuse B Inc (BELFB) | $88.80 Million | 17.12% | 0.17x | $2.47 Billion |
| Benchmark Electronics Inc (BHE) | $16.30 Million | 12.88% | 0.23x | $2.22 Billion |
| Cps Technologies (CPSH) | $8.49 Million | 8.37% | 0.25x | $84.99 Million |
| CTS Corporation (CTS) | $115.90 Million | -1.90% | 0.62x | $1.36 Billion |
| Data I/O Corporation (DAIO) | $18.10 Million | -2.21% | 0.66x | $25.54 Million |
| Daktronics Inc (DAKT) | $197.62 Million | 2.81% | 0.82x | $960.33 Million |
| Deswell Industries Inc (DSWL) | $57.10 Million | 16.64% | 0.13x | $50.36 Million |
About Sanmina Corporation
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two businesses: Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept dev… Read more