SNDK

Sandisk Corporation

79
Fundamentals88/ 100
Valuation50/ 100
Upside potential69/ 100
Risk potential51/ 100

SNDK's fundamentals are strong: revenue more than tripled and its operating margin went from −19% to 72%. Its PE isn't a useful guide right now because of how its recent earnings were reported.

XBP

XBP Global Holdings, Inc.

There isn't enough reported data to score XBP yet.

SNDK Fundamentals

MetricStatus
Strong
Strong
Strong
Strong

SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.

XBP Fundamentals

MetricStatus
Unavailable
Weak
Under pressure
Weak

XBP's profitability, cash flow and balance sheet are currently under pressure. There isn't enough data to rate its revenue.

SNDK PE Valuation

CHEAPFAIREXPENSIVE20x39x59x79x
CHEAPFAIREXPENSIVE20x39x59x79x
LevelPEPriceVs current
Forward3.8x$937—
Current7.5x$937—
Cheap17x$2,173+132%
Fair24x$3,048+225%
Expensive59x$7,452+695%

Historical ranges are pointers, not guarantees.

SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.

XBP PE Valuation

XBP has no meaningful PE right now: it lost money over the past year.

SNDK Forward outlook

MetricOutlook
Strongly improving
Strong growth
Strong growth
Strongly improving
Moderate
High

Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.

XBP Forward outlook

There aren't enough analyst estimates for XBP to show an outlook.

SNDK Risk to reward

ScenarioChangePrice
Upside+113%$1,996.75
Downside-51%$461.20

Calculated from the latest close: $937.46 on Nov 12.

There is not enough scenario data to compare SNDK and XBP's risk to reward.

XBP Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $3.00 on Nov 12.

There is not enough scenario data to compare SNDK and XBP's risk to reward.

SNDK Earnings Per Share

Q2 2024: $-4.66Q2 2025: $-11.31Q4 2025: $-12.02Q1 2026: $-7.59Q2 2026: $28.77Q3 2026: $73.76Q4 2026: $125.61Forward: $247.30
Q2 2024: $-4.66Q2 2025: $-11.31Q4 2025: $-12.02Q1 2026: $-7.59Q2 2026: $28.77Q3 2026: $73.76Q4 2026: $125.61Forward: $247.30
QuarterTTM EPSYoY
Forward$247.30+97%
Q3 2026$125.61+$137.63
Q2 2026$73.76+$85.07
Q2 2025-$11.31-$6.65

SNDK has the edge over XBP in the latest year-over-year earnings comparison.

XBP Earnings Per Share

Q2 2024: $-5.00Q3 2024: $17.60Q4 2024: $-4.10Q1 2025: $-4.80Q2 2025: $-5.10Q3 2025: $-30.20Q4 2025: $-33.15Q1 2026: $-34.03Q2 2026: $-33.55
Q2 2024: $-5.00Q3 2024: $17.60Q4 2024: $-4.10Q1 2025: $-4.80Q2 2025: $-5.10Q3 2025: $-30.20Q4 2025: $-33.15Q1 2026: $-34.03Q2 2026: $-33.55
QuarterTTM EPSYoY
Q2 2026-$33.55-$28.45
Q1 2026-$34.03-$29.23
Q4 2025-$33.15-$29.05
Q3 2025-$30.20-272%
Q2 2025-$5.10-$0.10

XBP lost $33.55 per share over the past year, a bigger loss than the year before.

SNDK Quarterly Revenue

Q1 2024: $1.7BQ2 2024: $1.8BQ3 2024: --Q3 2024: $1.9BQ4 2024: $1.9BQ1 2025: $1.7BQ2 2025: $1.9BQ4 2025: $2.3BQ1 2026: $3BQ2 2026: $6BQ3 2026: $9BQ4 2026: $11B
Q1 2024: $1.7BQ2 2024: $1.8BQ3 2024: --Q3 2024: $1.9BQ4 2024: $1.9BQ1 2025: $1.7BQ2 2025: $1.9BQ4 2025: $2.3BQ1 2026: $3BQ2 2026: $6BQ3 2026: $9BQ4 2026: $11B
QuarterRevenueYoY
Q3 2026$11B+378%
Q2 2026$9B+372%
Q1 2026$6B+251%
Q4 2025$3B+61%
Q3 2025$2.3B+23%
Q2 2025$1.9B+8%
Q1 2025$1.7B-0.6%
Q4 2024$1.9B+13%

SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.

XBP Quarterly Revenue

Q3 2023: --Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: --Q2 2025: --Q3 2025: $152MQ4 2025: $207MQ1 2026: $197MQ2 2026: $191M
Q3 2023: --Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: --Q2 2025: --Q3 2025: $152MQ4 2025: $207MQ1 2026: $197MQ2 2026: $191M

XBP and SNDK do not have enough comparable growth data to identify a winner.

SNDK Free Cash Flow

Q1 2024: −$41MQ2 2024: −$168MQ3 2024: −$198MQ3 2024: --Q4 2024: --Q1 2025: −$18MQ2 2025: $49MQ4 2025: $438MQ1 2026: $980MQ2 2026: $3BQ3 2026: $7.1BQ4 2026: $6.3B
Q1 2024: −$41MQ2 2024: −$168MQ3 2024: −$198MQ3 2024: --Q4 2024: --Q1 2025: −$18MQ2 2025: $49MQ4 2025: $438MQ1 2026: $980MQ2 2026: $3BQ3 2026: $7.1BQ4 2026: $6.3B
QuarterFree cash flowYoY
Q3 2026$6.3B+1340%
Q2 2026$7.1B+14355%
Q1 2026$3B+$3B
Q3 2025$438M+$636M
Q2 2025$49M+$217M
Q1 2025-$18M+$23M
Q3 2024-$198M-$157M

SNDK has the edge over XBP on cash generation, producing positive trailing cash flow while its opponent burns cash.

XBP Free Cash Flow

Q3 2023: --Q4 2023: --Q1 2024: −$4MQ2 2024: −$2MQ3 2024: −$6MQ4 2024: $6MQ1 2025: −$2MQ2 2025: −$4MQ3 2025: $10MQ4 2025: $2MQ1 2026: −$6MQ2 2026: −$11M
Q3 2023: --Q4 2023: --Q1 2024: −$4MQ2 2024: −$2MQ3 2024: −$6MQ4 2024: $6MQ1 2025: −$2MQ2 2025: −$4MQ3 2025: $10MQ4 2025: $2MQ1 2026: −$6MQ2 2026: −$11M
QuarterFree cash flowYoY
Q2 2026-$11.5M-$7.5M
Q1 2026-$6.1M-$4.2M
Q4 2025$1.8M-68%
Q3 2025$10.5M+$16.7M
Q2 2025-$4M-$1.9M
Q1 2025-$1.9M+$2.1M

XBP has burned cash in most quarters: −$5M over the past year, against −$6M the year before.

SNDK Total Shares

Q1 2024: 145MQ2 2024: 145MQ3 2024: 145MQ4 2024: 145MQ1 2025: 145MQ2 2025: 145MQ4 2025: 149MQ1 2026: 156MQ2 2026: 157MQ3 2026: 155MQ4 2026: 154M
Q1 2024: 145MQ2 2024: 145MQ3 2024: 145MQ4 2024: 145MQ1 2025: 145MQ2 2025: 145MQ4 2025: 149MQ1 2026: 156MQ2 2026: 157MQ3 2026: 155MQ4 2026: 154M
PeriodChange %Net change
Quarterly-0.6%-1M shares
1 year+3.4%+5M shares
3 years+6.9%+10M shares

SNDK has the edge over XBP on shareholder dilution, with a more favorable share count trend.

XBP Total Shares

Q3 2023: 554,000Q1 2024: 3MQ2 2024: 3MQ3 2024: 3MQ4 2024: 3MQ1 2025: 3MQ2 2025: 4MQ3 2025: 12MQ4 2025: 12MQ1 2026: 12MQ2 2026: 12M
Q3 2023: 554,000Q1 2024: 3MQ2 2024: 3MQ3 2024: 3MQ4 2024: 3MQ1 2025: 3MQ2 2025: 4MQ3 2025: 12MQ4 2025: 12MQ1 2026: 12MQ2 2026: 12M
PeriodChange %Net change
Quarterly+0.1%+14.5K shares
1 year+228%+8.2M shares
3 years+270%+8.6M shares

XBP has 12M diluted shares, up 228% from a year ago.

SNDK Net Leverage

Q2 2026: -0.7xQ3 2026: -0.4xQ4 2026: -0.2x
Q2 2026: -0.7xQ3 2026: -0.4xQ4 2026: -0.2x
QuarterNet LeverageStatus
Q3 2026-0.2xNet Cash
Q2 2026-0.4xNet Cash
Q1 2026-0.7xNet Cash

SNDK has more cash than debt.

XBP Net Leverage

Q4 2024: 3.7xQ1 2025: 8.3xQ2 2025: 9.0x
Q4 2024: 3.7xQ1 2025: 8.3xQ2 2025: 9.0x
QuarterNet LeverageStatus
Q2 20259.0xHigh
Q1 20258.3xHigh
Q4 20243.7xElevated

XBP's net debt is about 9.0 years of its operating earnings (EBITDA).

SNDK Weekly Momentum

MetricValueStatus
RSI40.2Neutral
Stochastic10.6Oversold

SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).

XBP Weekly Momentum

MetricValueStatus
RSI46.3Neutral
Stochastic41.3Neutral

XBP's weekly RSI is 46 (neutral) and its Stochastic is 41 (neutral).

SNDK PE vs Technology Sector

MetricSNDKSector medianRelative
PE7.5x28x73% below
PE %42723 pts below

SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.

XBP PE vs Technology Sector

MetricXBPSector medianRelative
PEN/A28x—

XBP has no meaningful PE right now: it lost money over the past year.

SNDK Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$1,317.529% below
20 week MA$1,465.436% below
50 week MA$1,119.616% below

XBP has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus XBP above 1 of 5.

XBP Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$3.020.7% below
20 week MA$2.961.4% above
50 week MA$4.1528% below
100 week MA$6.7956% below
200 week MA$37.292% below

XBP's trend is mixed: it's above one of its five weekly moving averages, and 92% below its 200-week average.

SNDK Yearly ROI

YearStart priceEnd priceROI
2025$50.4$250.1+396%
2026 YTD$250.1$937.5+275%

SNDK has the edge over XBP on returns for 2026, with the stronger performance.

XBP Yearly ROI

YearStart priceEnd priceROI
2021$101.0$99.8-1.2%
2022$99.8$103.8+4%
2023$103.8$53.0-49%
2024$53.0$11.1-79%
2025$11.1$6.65-40%
2026 YTD$6.65$3.00-55%

XBP has finished three years in a row lower, and it's down 55% so far in 2026.

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