SNDK · Intrinsic value
Is Sandisk Corporation (SNDK) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth publishes a fair-value range of $2,113.88 – $2,113.88 for Sandisk Corporation (SNDK), against the delayed market price of $1,394.42: priced below our range. It is a range, not a single number, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from a hand-researched model · Updated Oct 19, 2026 · How these pages are made
What is SNDK worth?
- Fair-value range
- $2,113.88 – $2,113.88
- A range by design: peer multiples — our researched DCF held out as mid-cycle.
- Market price
- $1,394.42
- Gap to fair value
- —
- Verdict
- Priced below our range
Reverse DCF, on our cash-flow model rather than the range above: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.
What is SNDK's TickerWorth Score?
Scores higher than most companies we compare it with
Compared with Technology companies in US
Its strongest point: a profitable, high-quality business.
our cash-flow model doesn't fit this business, so we won't award our top grade off the remaining lenses
- Value · 53 of 100
Cheaper than 53% of Technology companies in US
- Price vs worth · 91 of 100
- Quality · 91 of 100
More profitable than 91% of Technology companies in US
- Financial health · 64 of 100
Financially stronger than 64% of Technology companies in US
- Growth · 100 of 100
Growing faster than virtually every one of the Technology companies in US
- Momentum · 70 of 100
Outperformed 70% of Technology companies in US over the past year
Confidence: Medium confidence · Scored
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Why SNDK gets a range, not one number
At a recent price of $1,394, Sandisk Corporation (SNDK) sits below every lens we ran: our valuation lenses put the business somewhere between $2,114 and $2,114 per share. For a cyclical we value through the cycle we publish a range only (peer multiples — our researched DCF held out as mid-cycle): where in the cycle the business sits decides where in that range it lands, and a single figure would claim we know that precisely. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Sandisk Corporation's projected free cash flows at a weighted-average cost of capital (WACC) of 12.4%, with a long-run terminal growth rate of 2.5%. About 41% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — SNDK would need sustained revenue growth of more than 25%/yr to justify today's price, against about 21.2% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, SNDK's modeled DCF value ranges from about $113.83 to $155.86 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Sandisk Corporation would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of SNDK's intrinsic value. Figures update as new filings and prices come in.
Every input behind SNDK's DCF
| Input | Value |
|---|---|
| Base-year revenueSandisk FY2025 10-K (SEC EDGAR companyfacts): FY25 was the TROUGH: op LOSS -$1,377M. FY2026 is a violent NAND up-leg (Q3'26 gross margin 78.4%; Q4 guided $30-33 EPS/qtr). | $7,355,000,000 |
| Base EBIT marginSandisk FY2025 10-K (SEC EDGAR companyfacts): op income -1,377 / revenue 7,355 = -18.7% | -18.7% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 170% → 10% → -20% → 5% → 5% |
| Risk-free rateUS 10Y govt bond: US 10Y CMT | 4.6% |
| BetaESTIMATEAssumption — normalized estimate: No clean beta (<5yr since spin); third-party 2.76-3.75. Normalized to 1.60. GENEROUS given how volatile it is. | 1.60 |
| Terminal growthESTIMATEAssumption — house default: long-run nominal growth in USD; must be < WACC | 2.5% |
| Diluted sharesshares outstanding / diluted | 148M |
| Market priceLast known price · as of 2026-10-19 19:19 UTC | $1,394 |
Change SNDK's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Sandisk Corporation do?
What does it do?
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 operates in the Computer Hardware industry (Technology sector), headquartered in United States. The company employs roughly 11,100 people.
How does it make money?
The business turns $7.4B in annual revenue into profit. Out of every $100 of sales, about $78 is left as operating profit (operating margin of 78.5%), after a 71% gross margin on the products/services it sells. After all costs, taxes and interest, 56.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries moderate debt (1.3× equity), comfortably covers its short-term bills (2.3× current ratio), and is currently profitable.
Who at SNDK filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Shek Bernard | Chief Legal Officer and Secty | Open-market sale | $1,040,964.00 | Form 4 for Shek Bernard (opens sec.gov in a new tab) | |
| Shek Bernard | Chief Legal Officer and Secty | Shares withheld (tax) | $211,434.76 | Form 4 for Shek Bernard (opens sec.gov in a new tab) | |
| Pokorny Michael | VP, Chief Accounting Officer | Grant / award | — | Form 4 for Pokorny Michael (opens sec.gov in a new tab) | |
| Visoso Luis Felipe | EVP & CFO | Grant / award | — | Form 4 for Visoso Luis Felipe (opens sec.gov in a new tab) | |
| Goeckeler David | Director, Chairman & CEO | Grant / award | — | Form 4 for Goeckeler David (opens sec.gov in a new tab) | |
| Goeckeler David | Director, Chairman & CEO | Open-market sale | $62,690.22 | Form 4 for Goeckeler David (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is SNDK's intrinsic value?
TickerWorth's valuation lenses put Sandisk Corporation (SNDK) between $2,114 and $2,114 per share, versus a market price of $1,394. For a cyclical we value through the cycle we publish a range only (peer multiples — our researched DCF held out as mid-cycle): where in the cycle the business sits decides where in that range it lands, and a single figure would claim we know that precisely.
Is SNDK overvalued or undervalued?
At $1,394 the price sits below every lens we ran. We don't call SNDK overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for SNDK?
A WACC of 12.4% and a terminal growth rate of 2.5%.
Is Sandisk stock undervalued?
TickerWorth's fair-value range for Sandisk Corporation (SNDK) is $2,113.88 – $2,113.88 against a market price of $1,394.42. Priced below our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Sandisk (SNDK) DCF valuation and fair value
Our fair-value range for Sandisk Corporation (SNDK) is $2,113.88 – $2,113.88, built on a 12.4% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Sandisk stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $1,394.42. A model estimate, not investment advice.
Sandisk (SNDK) insider trading
The most recent insider filing (SEC Form 4) for Sandisk Corporation (SNDK): Shek Bernard, Chief Legal Officer and Secty, open-market sale on 2026-10-01. The latest filings are listed on this page. A disclosure, not a signal to trade.
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Not investment advice. TickerWorth Score is a model output.
TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.