Sandisk Corporation (SNDK) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-98.5%

$17.08

vs $1,114.50 price

Levered DCF

$93.07

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

18.73

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2016	FY2015
P/E	22.44×	-4.17×	-7.71×	-2.42×	4.87×	0×	19.05×	0×
P/B	16.3×	0.74×	0.47×	0.45×	0.4×	0×	1.34×	0×
P/S	12.67×	0.93×	0.78×	0.85×	0.53×	0×	1.38×	0×
EV / EBITDA	19.05×	-5.9×	-24.44×	-3.88×	3.33×	0×	6.06×	0×
Gross margin	71.5%	30.1%	16.1%	7.1%	33.3%	0.0%	42.6%	0.0%
Operating margin	61.2%	-18.7%	-7.0%	-33.4%	12.3%	0.0%	11.1%	0.0%
Net margin	56.5%	-22.3%	-10.1%	-35.2%	10.9%	0.0%	7.0%	0.0%
Current ratio	2.29×	3.56×	1.67×	1.56×	1.79×	1.79×	2.72×	0×
Debt / equity	0.02×	0.22×	0.09×	0.09×	0.07×	0.07×	0.37×	0×
Interest coverage	169.71×	-21.86×	-11.7×	-65.65×	133.33×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.5%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	48.6%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2016	FY2015
Return on equity	72.7%	-17.8%	-6.1%	-18.7%	8.2%	0.0%	6.8%	0.0%
Return on invested capital	64.3%	-11.9%	-3.8%	-16.2%	7.3%	0.0%	5.6%	0.0%
Return on assets	50.8%	-12.6%	-5.0%	-15.5%	6.8%	0.0%	4.2%	0.0%
Free cash flow yield	4.5%	-1.8%	-9.2%	-18.0%	14.3%	0.0%	8.1%	0.0%
Earnings yield	4.5%	-24.0%	-13.0%	-41.3%	20.5%	0.0%	5.1%	0.0%
Enterprise value	$252.1B	$7.4B	$5.8B	$5.9B	$5.8B	$615M	$8.4B	$0
Net debt / EBITDA	-0.33×	-0.45×	-2.75×	-0.48×	0.35×	0×	0.49×	0×
Cash conversion cycle (days)	223	178	156	138	116	0	76	0