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 development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 66.7th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.96), demonstrating pricing resilience across cycles.
Sanmina Corporation ranks #18 of 52
scored companies in Electronic Components by moat score — the top 35%.
The widest moat in the group is Universal Display Corporation (OLED)
at 82/100.
Moat scores for companies ranked near SANM in Electronic Components
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 73
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 67
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 71
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 59
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 37
· 15% of the moat score
Scale matters only when it converts into economics.
Sanmina Corporation (SANM) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #18 of 52 scored companies in Electronic Components, the top 35%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Electronic Components. Its strongest defense is Cost Advantage (73/100) and its weakest is Scale & Market Position (37/100).
How does Sanmina Corporation compare with other Electronic Components companies?
Sanmina Corporation ranks #18 of 52 scored companies in Electronic Components by moat score. The widest moat in Electronic Components is Universal Display Corporation (OLED) at 82/100. The companies ranked closest are TTM Technologies, Inc. (TTMI) at 61 just above it and Knowles Corporation (KN) at 60 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Electronic Components. The defenses are then weighted to produce the overall score out of 100.
Why is Sanmina Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Sanmina Corporation?
The Corporate Default template measures 6 defenses, and SANM scores: Pricing Power (56), Cost Advantage (73), Customer Stickiness (67), Capital Efficiency (71), Resilience (59), Scale & Market Position (37). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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