Amphenol Corporation (APH) vs Sanmina Corporation (SANM)

Amphenol Corporation and Sanmina Corporation are both Electronic Components companies. Amphenol Corporation is the larger, with a market value of $207.1B against $12.0B — 17.3× the size. Sanmina Corporation trades at the lower P/E: 39.4× against 40.0×. Sanmina Corporation grew revenue faster over the last twelve months: 58.6% against 54.2%. Amphenol Corporation has the higher net margin (17.7% vs 2.41%) and the higher return on invested capital (16.9% vs 10.7%). Across the 22 metrics below, Amphenol Corporation leads on 11 and Sanmina Corporation on 11.

Valuation

Metric APH SANM Electronic Components median
P/E 40.04 39.43 39.06
P/S 7.13 0.95 3.22
P/B 13.25 4.77 3.30
Price to free cash flow 43.77 20.21 26.65
EV/EBITDA 24.09 16.72 19.69
EV/Sales 7.59 0.97 3.53
Earnings yield 2.50% 2.54% 1.34%
Free cash flow yield 2.28% 4.95% 0.40%

Profitability

Metric APH SANM Electronic Components median
Gross margin 38.50% 9.01% 33.21%
Operating margin 27.03% 4.15% 3.53%
Net margin 17.73% 2.41% 2.57%
Free cash flow margin 16.30% 4.69% 0.20%
Return on equity 37.82% 0.00% 2.60%
Return on assets 14.60% 4.12% 2.50%
Return on invested capital 16.90% 10.74% 2.28%

Growth

Metric APH SANM Electronic Components median
Revenue growth (TTM) 54.17% 58.56% 12.01%
EPS growth (last fiscal year) 73.96% 14.07% —
Revenue growth, 5-year CAGR 21.85% 3.18% 7.19%
Net income growth, 5-year CAGR 28.83% 13.05% 0.00%

Health

Metric APH SANM Electronic Components median
Debt to equity 1.20 0.79 0.16
Current ratio 1.89 1.78 2.41
Net debt to EBITDA 0.60 (1.32) 0.32

Dividend

Metric APH SANM Electronic Components median
Dividend yield 0.85% — 1.18%
Payout ratio 0.27 0.00 0.00

Size

Metric APH SANM Electronic Components median
Market cap 207.14b 11.96b 780.25m

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