Sandisk Corporation

NasdaqGS:SNDK Stock Report

Market Cap: US$14.2b

Sandisk Valuation

Is SNDK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SNDK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$160.88
Fair Value
29.5% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: SNDK ($113.5) is trading below our estimate of fair value ($160.88)

Significantly Below Fair Value: SNDK is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNDK?

Key metric: As SNDK is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SNDK. This is calculated by dividing SNDK's market cap by their current revenue.
What is SNDK's PS Ratio?
PS Ratio1.9x
SalesUS$7.36b
Market CapUS$14.16b

Price to Sales Ratio vs Peers

How does SNDK's PS Ratio compare to its peers?

The above table shows the PS ratio for SNDK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.1x
HPQ HP
0.5x1.23%US$25.0b
NTAP NetApp
3.6x4.38%US$23.9b
PSTG Pure Storage
8.1x13.04%US$27.1b
WDC Western Digital
4.3x7.35%US$37.1b
SNDK Sandisk
2.3x7.65%US$14.2b

Price-To-Sales vs Peers: SNDK is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (4.1x).

Price to Sales Ratio vs Industry

How does SNDK's PS Ratio compare vs other companies in the US Tech Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
XRX Xerox Holdings
0.08x10.77%US$471.86m
PMTS CPI Card Group
0.3x9.37%US$175.05m
SONM Sonim Technologies
0.2xn/aUS$11.16m
BOXL Boxlight
0.06x2.98%US$6.93m
SNDK 1.9xIndustry Avg. 1.7xNo. of Companies9PS01.63.24.86.48+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SNDK is expensive based on its Price-To-Sales Ratio (2.3x) compared to the US Tech industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is SNDK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SNDK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: SNDK is good value based on its Price-To-Sales Ratio (2.3x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SNDK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$97.12
US$79.31
-18.34%
41.56%US$125.00US$39.00n/a16
Sep ’26US$52.47
US$56.00
+6.73%
16.65%US$70.00US$39.00n/a15
Aug ’26US$41.33
US$54.67
+32.27%
16.16%US$70.00US$37.00n/a15
Jul ’26US$44.96
US$52.85
+17.54%
19.37%US$70.00US$37.00n/a13
Jun ’26US$37.69
US$50.20
+33.19%
20.39%US$70.00US$37.00n/a10
May ’26US$32.59
US$57.56
+76.60%
30.60%US$84.00US$32.00n/a9
Apr ’26US$48.11
US$61.00
+26.79%
24.89%US$84.00US$37.00n/a7
US$79.31
Fair Value
43.1% overvalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/29 16:36
End of Day Share Price 2025/09/26 00:00
Earnings2025/06/27
Annual Earnings2025/06/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sandisk Corporation is covered by 20 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nam Hyung KimArete Research Services LLP
Brett SimpsonArete Research Services LLP
Thomas O'MalleyBarclays