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Sandisk grows fast, trades at 10x forward free cash flow, with strong cash returns to shareholders.

Market News
08 Sep 2026
Seeking Alpha
View Source
Bullish
Sandisk grows fast, trades at 10x forward free cash flow, with strong cash returns to shareholders.

Sandisk is expanding rapidly and is valued at just 10 times its forward free cash flow, signaling potential for significant gains. The company expects to generate around $24 billion in free cash flow by fiscal 2027 and plans to return all excess cash flow to shareholders. It maintains a strong balance sheet with no debt and cash reserves equal to about 2% of its market capitalization, providing a safety margin. While NAND price volatility poses a risk, favorable contracts and strong near-term growth support a positive outlook for investors.

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