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.After signing in, return here and select “Add to watchlist”. Saving companies requires a verified email address.
Priced within the modelled range
5-year outlook: Not shown because confidence is low: Free-cash-flow DCF disagrees strongly.
Other models: USD 923.13–1001.41 (median 958.78). 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.
Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.
Market price within modeled range
Steady-state FCFF (cycle-adjusted) using Fiscal year 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 958.78 (+18.9%)
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EPS-based Gordon proxy
— USD 923.13 (+14.5%)
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 1977.27 (+145.2%)
Not used: Not chosen: Steady-state FCFF (cycle-adjusted) ranks ahead of it for this company.
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FCFF (steady state)
— USD 958.78 (+18.9%)
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 1001.41 (+24.2%)
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 1951.87 (+142.0%)
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 1990.21 (+146.8%)
Not used: Used only when cash-flow models land far below the price; here they do not.
| Bear USD 770.46 | -4.7% |
| Base USD 958.78 | 15.9% |
| Bull USD 1267.63 | 36.4% |
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.
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
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 73% | 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 | 48.4% | 5.9 | 6.3 | – | 76 |
| SMCI Supermicro | USD 27.08 | 50.4% | 8.5 | 1.3 | – | 60 |
| ADBE Adobe Inc. | USD 246.44 | 43.6% | 13.2 | 8.2 | – | 100 |
| 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 |
| IT Gartner | USD 198.07 | 31.1% | 13.1 | – | – | 92 |
| GIB-A.TO CGI Inc. | CAD 115.51 | 26.9% | 13.9 | 2.4 | 0.6% | 90 |
| FSLR First Solar | USD 195.76 | 26.1% | 11.3 | 1.9 | – | 73 |
| CRM Salesforce | USD 222.41 | 16.6% | 18.9 | 4.8 | 0.8% | 100 |
| Peer median | 13.1 | 3.6 | ||||
Annual financial statement
Saved annual report · Fiscal year 2026 · SEC EDGAR annual filings · period ended 03 Jul 2026
| Revenue | USD 20,248,000,000 |
|---|---|
| EBITDA | USD 12,538,000,000 |
| EBIT | USD 12,389,000,000 |
| Net income | USD 11,433,000,000 |
| Free cash flow | USD 11,494,000,000 |
| Capital expenditures | USD -177,000,000 |
| Debt | USD 0 |
| Cash | USD 4,762,000,000 |
| Working capital | USD 7,199,000,000 |
| Shares outstanding | 155,000,000 |