---
title: Sandisk (SNDK) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/sndk
ticker: SNDK
as_of: 2026-10-17
sector: Technology
industry: Computer Hardware
---
# Sandisk (SNDK)

Sandisk (SNDK) closed at $1,299.30 on Oct 16, 2026, overvalued by 34% vs its model value of $972.68 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $1,299.30 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $972.68 |
| Price vs model | overvalued by 34% vs model |
| Range of that model | $972.68 – $972.68 |
| Market value | $187.8B |
| P/E (fiscal 2026) | 17.6 |
| Net margin (fiscal 2026) | 56.5% |
| Free cash flow (fiscal 2026) | $11.5B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 5.22 |
| Cost of capital (WACC) | 13.37% |
| Business classification | Cyclical (High revenue growth (~74% recent), High profitability (56% net margin), Highly cyclical earnings, Strong FCF yield (6.1%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Best performing this year | #2 | +447.4% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $0.00 | $0.00 | $0.00 |
| DCF · Perpetuity growth · 10y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 5y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 10y | cross check | $0.00 | $0.00 | $0.00 |
| P/E · peers | cross check | $972.68 | $972.68 | $972.68 |
| P/E · own history | cross check | $0.00 | $0.00 | $0.00 |
| PEG | sanity check | $5,322.34 | $5,322.34 | $5,322.34 |
| EV/EBITDA · peers | cross check | $810.96 | $810.96 | $810.96 |
| EV/Revenue · peers | cross check | $1,060.44 | $1,060.44 | $1,060.44 |
| Earnings power value | cross check | $53.70 | $51.39 | $56.61 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 34 open-market sales ($108.2M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Shek Bernard | Chief Legal Officer and Secty | Open-market sell (10b5-1 plan) | 600 | $1.0M |
| Sep 17, 2026 | Pokorny Michael | VP, Chief Accounting Officer | Grant / award | 458 | $0 |
| Sep 17, 2026 | Visoso Luis Felipe | EVP & CFO | Grant / award | 1,635 | $0 |
| Sep 17, 2026 | Goeckeler David | Chairman & CEO | Open-market sell (10b5-1 plan) | 1,080 | $1.7M |
| Sep 17, 2026 | Goeckeler David | Chairman & CEO | Open-market sell (10b5-1 plan) | 1,480 | $2.3M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 6, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/2023554/000130817926000425/sndk015568-ars.pdf |
| Oct 6, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/2023554/000130817926000424/a2026sandiskdefa14a.htm |
| Oct 6, 2026 | DEF 14A | Proxy statement | https://www.sec.gov/Archives/edgar/data/2023554/000130817926000423/sndk-20261005.htm |
| Sep 16, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/2023554/000162828026062267/sndk-20260910.htm |
| Sep 11, 2026 | 8-K | 1.01 Entry into a Material Agreement; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2023554/000119312526389293/d138343d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Druckenmiller | 2026-06-30 | 34,900 | $79.4M |
| Lee Ainslie | 2026-06-30 | 575 | $1.3M |
| Bridgewater | 2026-06-30 | 317 | $720,772 |
| Polen Capital | 2026-06-30 | 193 | $438,830 |

4 tracked managers in all.

## About

SanDisk Corporation specializes in designing, manufacturing, and supplying storage solutions and devices leveraging advanced NAND flash technology. Its diverse product line features solid-state drives (SSDs), embedded memory solutions, removable memory cards, universal serial bus (USB) devices, and underlying wafers and components. Founded on June 1, 1988, the company maintains its principal executive offices in Milpitas, California.

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Source: https://sweetvaluelab.com/stocks/sndk (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.