Jabil, Inc. (JBL) vs Sanmina Corporation (SANM)

Jabil, Inc. and Sanmina Corporation are both Electronic Components companies. Jabil, Inc. is the larger, with a market value of $24.3B against $7.0B — 3.5× the size. Sanmina Corporation trades at the lower P/E: 23.0× against 24.3×. Sanmina Corporation grew revenue faster over the last twelve months: 58.6% against 20.6%. Jabil, Inc. has the higher net margin (2.90% vs 2.41%) and the higher return on invested capital (38.6% vs 10.7%). Across the 22 metrics below, Sanmina Corporation leads on 14 and Jabil, Inc. on 8.

Valuation

Metric JBL SANM Electronic Components median
P/E 24.28 22.95 24.82
P/S 0.71 0.55 2.28
P/B 15.70 2.78 2.86
Price to free cash flow 16.57 11.76 22.99
EV/EBITDA 11.28 9.91 14.69
EV/Sales 0.75 0.58 2.38
Earnings yield 4.12% 4.36% 2.68%
Free cash flow yield 6.04% 8.50% 1.70%

Profitability

Metric JBL SANM Electronic Components median
Gross margin 9.23% 9.01% 32.78%
Operating margin 4.74% 4.15% 4.90%
Net margin 2.90% 2.41% 3.46%
Free cash flow margin 4.26% 4.69% 1.66%
Return on equity 66.50% 0.00% 5.59%
Return on assets 4.53% 4.12% 4.13%
Return on invested capital 38.61% 10.74% 4.66%

Growth

Metric JBL SANM Electronic Components median
Revenue growth (TTM) 20.64% 58.56% 13.94%
EPS growth (last fiscal year) 64.70% 14.07% 35.44%
Revenue growth, 5-year CAGR 4.19% 3.18% 6.70%
Net income growth, 5-year CAGR 8.41% 13.05% 7.53%

Health

Metric JBL SANM Electronic Components median
Debt to equity 1.78 0.79 0.11
Current ratio 0.99 1.78 2.50
Net debt to EBITDA 0.48 (1.32) 0.41

Dividend

Metric JBL SANM Electronic Components median
Dividend yield 0.13% — 1.10%
Payout ratio 0.03 — 0.28

Size

Metric JBL SANM Electronic Components median
Market cap 24.34b 6.98b 1.16b

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