Ralliant Corporation (RAL) vs Sanmina Corporation (SANM)

Ralliant Corporation and Sanmina Corporation are both Electronic Components companies. Sanmina Corporation is the larger, with a market value of $12.0B against $7.7B — 1.5× the size. Ralliant Corporation has negative trailing earnings, so its P/E is not meaningful; Sanmina Corporation trades at 39.4×. Sanmina Corporation grew revenue faster over the last twelve months: 58.6% against 6.61%. Sanmina Corporation has the higher net margin (2.41% vs −56.4%) and the higher return on invested capital (10.7% vs −30.2%). Across the 19 metrics below, Sanmina Corporation leads on 16 and Ralliant Corporation on 3.

Valuation

Metric RAL SANM Electronic Components median
P/E n/m 39.43 39.06
P/S 3.57 0.95 3.22
P/B 5.09 4.77 3.30
Price to free cash flow 23.81 20.21 26.65
EV/EBITDA 23.26 16.72 19.69
EV/Sales 4.21 0.97 3.53
Earnings yield (15.59%) 2.54% 1.34%
Free cash flow yield 4.20% 4.95% 0.40%

Profitability

Metric RAL SANM Electronic Components median
Gross margin 50.95% 9.01% 33.21%
Operating margin (53.31%) 4.15% 3.53%
Net margin (56.38%) 2.41% 2.57%
Free cash flow margin 14.99% 4.69% 0.20%
Return on equity (53.90%) 0.00% 2.60%
Return on assets (27.75%) 4.12% 2.50%
Return on invested capital (30.20%) 10.74% 2.28%

Growth

Metric RAL SANM Electronic Components median
Revenue growth (TTM) 6.61% 58.56% 12.01%
EPS growth (last fiscal year) (442.61%) 14.07% —
Revenue growth, 5-year CAGR — 3.18% 7.19%
Net income growth, 5-year CAGR — 13.05% 0.00%

Health

Metric RAL SANM Electronic Components median
Debt to equity 0.75 0.79 0.16
Current ratio 1.52 1.78 2.41
Net debt to EBITDA 2.22 (1.32) 0.32

Dividend

Metric RAL SANM Electronic Components median
Dividend yield — — 1.18%
Payout ratio — 0.00 0.00

Size

Metric RAL SANM Electronic Components median
Market cap 7.74b 11.96b 780.25m

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