← Back to Stock Screener← Stock Screener
ZYBERNO
Stock Report
Updated Aug 28, 2026

Sandisk Corporation (SNDK)

Technology • NASDAQ

$1.48K
Sandisk Corporation is an American flash data storage company that was separated from Western Digital Corporation in February 2025, headquartered in San Jose, California. The company designs and manufactures NAND flash storage products including consumer flash drives and memory cards (under the SanDisk brand), client and enterprise SSDs, and embedded flash storage solutions for smartphones, data centers, and other applications.

Professional Investment Analysis

ZYBERNO SCORE →
Is it a great business? Is it getting better?
89.0/100
GREAT BUSINESS
Sandisk Corporation (SNDK) scores 89/100 — exceptional capital returns and consistent cash generation across all measurement periods.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
+39.1%
Undervalued
Is the market underestimating or overestimating what this business is capable of going forward?
-7.1%
Market Overestimates
↑ UNDER
+50%
Brina Gap
-50%
↓ OVER
← OVERVALUED
-100%
Margin of Safety
UNDERVALUED →
+100%
UNDERESTIMATED
GROWTH
DOUBLE
DISCOUNT
EXPENSIVE
HYPE
VALUE
TRAP
0,0
MoS +39.1%  ·  Gap -7.1%

Two independent signals. One tells you if the stock is cheap relative to what the business has historically generated for owners — the Margin of Safety. The other tells you if the market is underestimating what the business is capable of going forward — the Brina Gap.

They are calculated from completely different data sources and answer completely different questions. The Margin of Safety reads the past. The Brina Gap reads the present economics and compares them against what the current stock price is assuming about the future.

When both point in the same direction simultaneously — DOUBLE DISCOUNT — the probability of genuine mispricing is high. The market is wrong on two independent dimensions at once, which is rare and significant.

The most dangerous scenario is not an overvalued stock — those are easy to avoid. It is a VALUE TRAP: a stock that appears cheap historically but where the market is already pricing in stronger growth than the business fundamentals support. Without the Brina Gap signal this looks identical to a genuine opportunity. The matrix separates them instantly.

The Brina Gap is the more powerful of the two signals. Most investors and analytical tools focus on valuation alone — whether a stock is cheap relative to earnings. Far fewer systematically compare what the business economics structurally support against what the stock price is actually assuming. That gap between fundamental growth potential and market expectations is where the most reliable mispricings live, and where this matrix earns its value.

Use this as your first filter. A stock in DOUBLE DISCOUNT territory is worth investigating. Everything else requires either more caution or a specific reason to act.

VALUE TRAP SIGNAL
Sandisk Corporation (SNDK) appears cheap historically (Margin of Safety +39.1%) but the Brina Gap (-7.1%) shows the market already prices in stronger growth than fundamentals support. Verify before acting.
🎯 Expected Annual Return →
32.5%
Margin of Safety convergence — your return if the market re-prices to intrinsic value (5-yr annualised)
-9.8%
Brina Gap convergence — your return if the market corrects the growth mispricing the Gap measures
5.3%
Yield + growth — what the business alone earns you, even if the market never re-rates
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):EXCELLENT (93.1%)
Debt-to-Equity (Solvency Risk):EXCELLENT (0.03x)
Operating Margin (Operational Efficiency):EXCELLENT (61.2%)
Return on Capital (Capital Efficiency):EXCELLENT (95.8%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
💎
Intrinsic Value
DCF Fair Value
$2,439.03
🛡️
Margin of Safety
Valuation Gap
39.1%
🎯
Expected Return
Projected Annual
32.5%
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

According to Zyberno, Sandisk Corporation (SNDK) shows a Value Trap signal — GREAT BUSINESS (89/100) with an apparent Margin of Safety of +39.1%, but a Brina Gap of -7.1% reveals the current price still assumes faster growth than the business can deliver.

According to Zyberno's DCF model, Sandisk Corporation (SNDK) trades at $1,484.95 against an estimated intrinsic value per share of $2,439.03 — a +39.1% Margin of Safety based on Owner Earnings of $11.52B TTM, projected at 100.0% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of -7.1% weakens the case: based on the company's ROIC (95.8%) and reinvestment rate (0.0%), the business can fundamentally grow at 0.0% — but the current enterprise value implies the market expects 7.1%. This places SNDK in the Value Trap quadrant of the Brina Matrix — a value-trap signal where the apparent discount is undermined by overpriced growth expectations. Zyberno's model translates this into a 5-year expected return of 32.5% annually.

Over the trailing twelve months, SNDK generated $11.52B in Owner Earnings. Capital was deployed as follows: $4.52B returned via share buybacks, $177.00M invested in capital expenditures. Reinvestment rate: 0.0%. Owner Earnings have grown at 100.0% annually over the trailing five years using log-linear regression.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:1,484.95
Market Cap:$218.29B

Valuation Multiples (4)

P/E Ratio:
20.13x
📊 Click to view full SNDK P/E analysis →
P/B Ratio:13.87x
P/S Ratio:10.78x
Peg Ratio:-999.00x

Enterprise Metrics (3)

Enterprise Value:$213.93B
Ev Ebitda Ratio:17.06x
Pfcf Ratio:18.99x

Price Action & Momentum (1)

% of 52-Week High:63.1%
B. Profitability Assessment

Return Metrics (7)

ROE:
93.1%
📊 Click to view full SNDK ROE analysis →
ROA:70.0%
Roic:
95.8%
📊 Click to view full SNDK ROIC analysis →
Reinvestment Rate:0.0%
Fundamental Growth Rate (g):0.0%
Market-Implied Growth Rate:7.1%
Brina Gap:
-7.1%
☷ Click to view full SNDK Brina Gap analysis →

Margin Analysis (3)

Operating Margin Ttm:61.2%
Net Margin Ttm:56.5%
Ebitda Margin:61.9%

TTM Performance (3)

Gross Margin Ttm:71.5%
Operating Margin Ttm:61.2%
Net Margin Ttm:56.5%

Yield Metrics (3)

Earnings Yield:$4.97
Owner Earnings Yield:$5.28
Dividend Yield:0.0%
C. Log-Linear Regression Growth Trends

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):100.0%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):100.0%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):100.0%
Operating Cash Flow Growth Rate (Linear):100.0%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):100.0%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:2.29x
Quick Ratio:1.81x
Cash Ratio:0.85x

Leverage Analysis (3)

Debt To Equity Ttm:0.03x
Debt-to-Equity Ratio:0.03x
Debt To Ebitda:0.03x

Coverage Ratios (2)

Interest Coverage Ratio:169.71x
Times Interest Earned:169.71

Capital Structure (4)

Working Capital:7,199,000,000.00
Cash And Cash Equivalents:4,762,000,000.00
Long Term Debt:$378.00M
Net Debt:-$4.36B
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $20.25B
Linear Growth: 100.0%
📊 Click to view full SNDK Revenue analysis & methodology →
Cost Of Revenue Ttm:$5.78B

Profitability Breakdown (2)

Gross profit TTM: $14.47B
Linear Growth: 100.0%
📊 Click to view full SNDK Gross Profit analysis & methodology →
Operating income TTM: $12.39B
Linear Growth: 100.0%
📊 Click to view full SNDK Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: $11.43B
Linear Growth: 100.0%
📊 Click to view full SNDK Net Income analysis & methodology →
Income Before Tax:$13.02B
Ebitda Ttm:12,538,000,000.00

Operating Expenses (5)

Operating Expenses:2,083,000,000.00
R And D Expense:1,328,000,000.00
Sga Expense:676,000,000.00
Income Tax Expense:$1.58B
Interest Expense:73,000,000.00

Expense Ratios (3)

R And D To Revenue Percentage:14.8%
Sga To Revenue Percentage:7.5%
Ebitda Margin:61.9%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$22.51B
Current Assets:$12.78B
Ppe Net:2,210,000,000.00
Goodwill:4,994,000,000.00
Intangible Assets:$0.00

Liability Structure (4)

Total Liabilities:6,771,000,000.00
Current Liabilities:5,581,000,000.00
Long Term Debt:$378.00M
Short Term Debt:$24.00M

Equity & Capital (3)

Equity:$15.74B
Retained Earnings:$9.65B
Common Stock:450,000,000.00

Working Capital Items (3)

Accounts Receivable:4,708,000,000.00
Inventory:2,698,000,000.00
Accounts Payable:313,000,000.00

Special Items (2)

Contract Liabilities:511,000,000.00
Stock Based Compensation:67,000,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $11.67B
Linear Growth: 100.0%
Free cash flow TTM: $11.49B
Linear Growth: 100.0%
📊 Click to view full SNDK Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$1.12B
Capital Expenditures Ttm:177,000,000.00

Financing Activities (3)

Financing Cash Flow:-$4.98B
Dividends Paid Ttm:0.00
Stock Repurchase:4,524,000,000.00

Capital Transactions (3)

Common Stock Issuance:53,000,000.00
Long Term Debt Issuance:$0.00
Long Term Debt Repayments:$1.90B

Non-Cash Items (1)

Depreciation Amortization Ttm:149,000,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):77.78
Eps diluted TTM: $73.76
Linear Growth: 100.0%
📊 Click to view full SNDK EPS analysis & methodology →
Earnings Per Share Ttm:$77.78

Revenue & Cash Per Share (3)

Sales Per Share Ttm:137.74
Operating Cash Flow Per Share:$79.39
Fcf Per Share Ttm:78.19

Book Value & Capital (2)

Book Value Per Share:$107.05
Cash Per Share:32.39

Dividend Policy (1)

Dividend Payout Ratio:0.00x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:1.24x
Working Capital Turnover Ttm:2.81x

Receivables Management (2)

Receivables Turnover Ttm:4.30x
Days Sales Outstanding Ttm:84.87

Inventory Management (2)

Inventory Turnover Ttm:2.14x
Days Inventory Outstanding Ttm:170.49

Payables & Cash Cycle (2)

Days Payable Outstanding:19.78
Cash Conversion Cycle:235.58
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:100.00
Quality Score:100.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (3)

Owner earnings TTM: $11.52B
Linear Growth: 100.0%
📊 Click to view full SNDK Owner Earnings analysis & methodology →
Owner Earnings Per Share:$78.38
Owner Earnings Yield:$5.28

Growth Assessment (1)

Owner Earnings Growth Rate:$100.00

Damodaran Growth Analysis (4)

Reinvestment Rate:0.0%
Fundamental Growth Rate (g):0.0%
Market-Implied Growth Rate:7.1%
Brina Gap:
-7.1%
☷ Click to view full SNDK Brina Gap analysis →

Intrinsic Value Models (1)

Intrinsic Value:
$358.54B
📊 Click to view full SNDK DCF valuation →

Margin of Safety (1)

Margin Of Safety:
39.1%
📊 Click to view full SNDK valuation analysis →

Return Scenarios (2)

Theoretical 5-Year Return:
32.5%
📊 Click to view full SNDK expected return analysis →
Forward Expected Return (Yield + Growth):
5.3%
📊 Click to view full SNDK expected return analysis →

Investment Assessment (1)

Buffett Assessment:Excellent margin of safety
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):100.0%
Net Income Growth Rate (Linear):100.0%
Operating Income Growth Rate (Linear):100.0%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):100.0%
Operating Cash Flow Growth Rate (Linear):100.0%

Other Growth Rates (3)

Gross Profit Growth Rate (Linear):100.0%
Book Value Growth Rate (Linear):24.8%
Owner Earnings Growth Rate:$100.00
C. Company Profile & Context

Corporate Information (6)

Symbol:SNDK
Company Name:Sandisk Corporation
Sector:Technology
Industry:Computer Hardware
Exchange:NASDAQ
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:premium
Volume Category:N/A

Share Structure (3)

Shares Outstanding:147.00M
Shares Outstanding Basic:147.00M
Shares Outstanding Diluted:155.00M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-08-28 05:08:39 UTC
Data Timestamp:2026-08-28T05:08:39.970929
Scroll to Top