# Sandisk CDR (CAD Hedged) (SNDK.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Technology / Computers & Hardware. Price C$27.33, market value C$3.9 billion.

## Valuation
- **P/E (trailing): 9.1×** (5-yr avg 0.8×, 3-yr avg 0.8×). Sandisk CDR (CAD Hedged) trades at 9.1× trailing earnings, well above its own five-year average of 0.8×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.2×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 295.6%** (5-yr avg 133.8%). Free cash flow equals 295.6% of the market value, above its five-year average of 133.8%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 11.0%**. The inverse of the P/E: 11.0% of the price is earned each year.

## Profitability
- **Gross margin: 71.5%**. Sandisk CDR (CAD Hedged) keeps 71.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 61.6%**. 61.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 56.5%**. 56.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 72.7%**. A 72.7% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 98.2%**. Return on all capital, debt included, is 98.2%: comfortably above what that capital costs.
- **Return on assets: 50.8%**. Each dollar of assets produces 50.8% of profit.

## Growth
- **Revenue growth (1 yr): 175.3%** (3-yr 49.3%/yr). Revenue grew 175.3% over the last year.
- **EPS growth (1 yr): 751.6%**. Earnings per share rose 751.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Sandisk CDR (CAD Hedged) holds more cash than debt.
- **Interest coverage: 170.8×**. Operating profit covers interest 170.8× over, a safe margin.
- **Current ratio: 2.29** (quick 1.81). Current assets cover the next year's liabilities 2.29 times.
- **Altman Z-score: 4.44**. A Z-score of 4.44 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Sandisk CDR (CAD Hedged) does not currently pay a dividend.

## Price and momentum
- **From 52-week high: -52.5%** (12.2% above the low). Trading 53% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 2.07** (volatility 116%). Beta of 2.07 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SNDK.TO · Page: https://foliofundamentals.com/stocks/sndk.to

Not investment advice.