Sandisk
Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company provides solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes;…
Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company provides solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, industrial, and connected home applications, as well as removable cards, universal serial bus drives, and wafers and components. It sells its products to computer manufacturers and original equipment manufacturers, datacenters, private cloud customers, cloud service providers, resellers, distributors, and retailers through its sales personnel, dealers, distributors, retailers, and subsidiaries. Sandisk Corporation was incorporated in 2024 and is based in Milpitas, California.Looks undervalued
5-year outlook: Not shown because confidence is low: Free-cash-flow DCF disagrees strongly.
Other models: USD 1443.25–1733.16 (median 1578.37). The recommended value is in line with them.
Why: Memory and storage prices swing through boom and bust, so current cash flow is valued as steady, with no growth beyond the long-run rate, instead of projecting peak profits forward.
Details and the full model are below.
Market price below modeled range
Steady-state FCFF (cycle-adjusted) using TTM through 30 Sep 2026 free cash flow held flat, with 3.25% long-run growth and 11.5% discount, after subtracting debt and adding cash. Used because memory-chip earnings are cyclical; the range varies growth and discount by 1 percentage point and is illustrative, not a statistical confidence interval or investment advice.
Assumptions: growth 22.02%, discount rate 11.50%, terminal growth 3.25% (sector defaults). See a worked example.
Blended growth assumption: 22.0% (sector default 8.5%, own revenue history 40.0%, analyst revenue consensus 19.8%).
Analyst consensus expects revenue growth of 19.8% a year; the growth assumption used is 22.0%.
Adjust assumptions
Why this model: Memory and storage prices swing through boom and bust, so current cash flow is valued as steady, with no growth beyond the long-run rate, instead of projecting peak profits forward.
Compare models- Recommended: Steady-state FCFF (cycle-adjusted) — USD 1443.25 (+79.0%)
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EPS-based Gordon proxy
— USD 1578.37 (+95.7%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— USD 2991.96 (+271.0%)
Not used: Not chosen: Steady-state FCFF (cycle-adjusted) ranks ahead of it for this company.
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FCFF (steady state)
— USD 1443.25 (+79.0%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— USD 1733.16 (+114.9%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— USD 2953.35 (+266.2%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— USD 2853.90 (+253.9%)
Not used: Used only when cash-flow models land far below the price; here they do not.
| Bear USD 1156.89 | 30.3% |
| Base USD 1443.25 | 44.1% |
| Bull USD 1912.88 | 57.8% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 76 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 2 of 5 years profitable | 8 / 20 |
| Cash generation | free cash flow positive in 2 of 5 years | 8 / 20 |
| Growth | revenue +47.7% a year | 20 / 20 |
| Balance sheet | net cash | 20 / 20 |
| Margins | EBITDA margin 75% | 20 / 20 |
Peers in Information Technology
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| SNDK (this company) | USD 806.43 | 44.1% | 6.4 | 6.8 | – | 76 |
| SMCI Supermicro | USD 27.08 | 50.8% | 8.5 | 1.3 | – | 68 |
| ADBE Adobe Inc. | USD 246.44 | 42.5% | 13.4 | 8.3 | – | 100 |
| IT Gartner | USD 198.07 | 35.7% | 13.3 | – | – | 92 |
| INTU Intuit | USD 354.84 | 31.9% | 21.1 | 5.1 | 1.4% | 100 |
| HPQ HP Inc. | USD 29.44 | 31.6% | 11.1 | – | 4.0% | 64 |
| GIB-A.TO CGI Inc. | CAD 115.51 | 26.9% | 13.9 | 2.4 | 0.6% | 90 |
| FSLR First Solar | USD 195.76 | 25.9% | 11.3 | 1.9 | – | 84 |
| COHR Coherent Corp. | USD 169.76 | 15.1% | 34.7 | 3.0 | – | 73 |
| Peer median | 13.3 | 2.7 | ||||
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:29
| Revenue | USD 28,971,000,000 |
|---|---|
| EBITDA | USD 21,831,000,000 |
| EBIT | USD 21,675,000,000 |
| Net income | USD 19,422,000,000 |
| Free cash flow | USD 17,365,000,000 |
| Capital expenditures | USD 181,000,000 |
| Debt | USD 201,000,000 |
| Cash | USD 5,136,000,000 |
| Working capital | USD 9,401,000,000 |
| Shares outstanding | 154,000,000 |