(SNX) Synnex - Overview
Sector: Technology | Industry: Electronics & Computer Distribution | Exchange: NYSE (USA) | Market Cap: 18.567m USD | Total Return: 84% in 12m
Industry Rotation: +1.6
Avg Turnover: 145M
EPS Trend: 62.0%
Qual. Beats: 1
Rev. Trend: 37.5%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Supp Ema20, Leader, Tailwind, Pullback 52w, Confidence
TD SYNNEX Corporation (NYSE: SNX) functions as a global IT distributor and solutions aggregator, connecting technology providers with a diverse customer base of resellers and system integrators. The company manages a comprehensive portfolio ranging from endpoint devices like personal computers and mobile phones to advanced data center infrastructure, including hybrid cloud, networking, and security solutions.
Operating within the technology distribution sector, the company utilizes a low-margin, high-volume business model that relies on extensive logistics networks and value-added services such as financing, technical integration, and marketing support. As a solutions aggregator, TD SYNNEX plays a critical role in the IT supply chain by simplifying procurement for small-to-medium businesses that lack direct purchasing power with major manufacturers.
For a detailed analysis of the companys historical performance and valuation metrics, consider reviewing the data available on ValueRay.
The company, headquartered in Fremont, California, underwent a significant transformation following its 2021 merger, expanding its reach across the United States, Europe, and international markets. Beyond hardware distribution, its service offerings include professional cloud management, device-as-a-service (DaaS), and specialized technical testing to support complex enterprise environments.
- Enterprise IT spending shifts toward cloud and hybrid infrastructure drive revenue
- PC refresh cycles directly influence endpoint solution sales and profit margins
- High interest rates increase financing costs for large scale inventory distribution
- Strategic shift toward high-margin AI and cybersecurity solutions improves consolidated earnings
- Global supply chain stability and logistics efficiency determine quarterly operating margins
| Net Income: 987.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.88 > 1.0 |
| NWC/Revenue: 7.17% < 20% (prev 7.16%; Δ 0.01% < -1%) |
| CFO/TA 0.04 > 3% & CFO 1.38b > Net Income 987.0m |
| Net Debt (3.16b) to EBITDA (1.91b): 1.65 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (80.2m) vs 12m ago -4.52% < -2% |
| Gross Margin: 6.80% > 18% (prev 0.06%; Δ 674.2% > 0.5%) |
| Asset Turnover: 203.9% > 50% (prev 204.9%; Δ -0.98% > 0%) |
| Interest Coverage Ratio: 3.14 > 6 (EBITDA TTM 1.91b / Interest Expense TTM 352.7m) |
| A: 0.13 (Total Current Assets 26.11b - Total Current Liabilities 21.44b) / Total Assets 35.08b |
| B: 0.11 (Retained Earnings 3.73b / Total Assets 35.08b) |
| C: 0.03 (EBIT TTM 1.11b / Avg Total Assets 31.94b) |
| D: 0.13 (Book Value of Equity 3.43b / Total Liabilities 26.30b) |
| Altman-Z'' Score: 1.59 = BB |
| DSRI: 1.04 (Receivables 11.94b/10.39b, Revenue 65.14b/59.01b) |
| GMI: 0.88 (GM 6.80% / 5.97%) |
| AQI: 0.83 (AQ_t 0.24 / AQ_t-1 0.29) |
| SGI: 1.10 (Revenue 65.14b / 59.01b) |
| TATA: -0.01 (NI 987.0m - CFO 1.38b) / TA 35.08b) |
| Beneish M-Score: -3.14 (Cap -4..+1) = AA |
Over the past week, the price has changed by -2.01%, over one month by +3.85%, over three months by +40.60% and over the past year by +84.04%.
- StrongBuy: 5
- Buy: 5
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 234.3 | 3.5% |
P/E Forward = 17.5131
P/S = 0.285
P/B = 2.1883
P/EG = 1.4585
Revenue TTM = 65.14b USD
EBIT TTM = 1.11b USD
EBITDA TTM = 1.91b USD
Long Term Debt = 3.59b USD (from longTermDebt, last quarter)
Short Term Debt = 1.13b USD (from shortTermDebt, last quarter)
Debt = 4.72b USD (corrected: LT Debt 3.59b + ST Debt 1.13b)
Net Debt = 3.16b USD (recalculated: Debt 4.72b - CCE 1.56b)
Enterprise Value = 21.73b USD (18.57b + Debt 4.72b - CCE 1.56b)
Interest Coverage Ratio = 3.14 (Ebit TTM 1.11b / Interest Expense TTM 352.7m)
EV/FCF = 17.38x (Enterprise Value 21.73b / FCF TTM 1.25b)
FCF Yield = 5.75% (FCF TTM 1.25b / Enterprise Value 21.73b)
FCF Margin = 1.92% (FCF TTM 1.25b / Revenue TTM 65.14b)
Net Margin = 1.52% (Net Income TTM 987.0m / Revenue TTM 65.14b)
Gross Margin = 6.80% ((Revenue TTM 65.14b - Cost of Revenue TTM 60.71b) / Revenue TTM)
Gross Margin QoQ = 7.30% (prev 6.44%)
Tobins Q-Ratio = 0.62 (Enterprise Value 21.73b / Total Assets 35.08b)
Interest Expense / Debt = 1.83% (Interest Expense 86.5m / Debt 4.72b)
Taxrate = 22.61% (95.5m / 422.4m)
NOPAT = 858.0m (EBIT 1.11b * (1 - 22.61%))
Current Ratio = 1.22 (Total Current Assets 26.11b / Total Current Liabilities 21.44b)
Debt / Equity = 0.54 (Debt 4.72b / totalStockholderEquity, last quarter 8.78b)
Debt / EBITDA = 1.65 (Net Debt 3.16b / EBITDA 1.91b)
Debt / FCF = 2.53 (Net Debt 3.16b / FCF TTM 1.25b)
Total Stockholder Equity = 8.51b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.09% (Net Income 987.0m / Total Assets 35.08b)
RoE = 11.60% (Net Income TTM 987.0m / Total Stockholder Equity 8.51b)
RoCE = 9.16% (EBIT 1.11b / Capital Employed (Equity 8.51b + L.T.Debt 3.59b))
RoIC = 6.64% (NOPAT 858.0m / Invested Capital 12.93b)
WACC = 8.64% (E(18.57b)/V(23.29b) * Re(10.48%) + D(4.72b)/V(23.29b) * Rd(1.83%) * (1-Tc(0.23)))
Discount Rate = 10.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -5.18%
[DCF] Terminal Value 72.11% ; FCFF base≈1.25b ; Y1≈997.9m ; Y5≈674.7m
[DCF] Fair Price = 101.1 (EV 11.28b - Net Debt 3.16b = Equity 8.13b / Shares 80.4m; r=8.64% [WACC]; 5y FCF grow -24.13% → 3.0% )
EPS Correlation: 61.95 | EPS CAGR: 15.90% | SUE: 4.0 | # QB: 1
Revenue Correlation: 37.47 | Revenue CAGR: 3.16% | SUE: 3.48 | # QB: 1
EPS current Quarter (2026-05-31): EPS=4.09 | Chg30d=+0.49% | Revisions=+73% | Analysts=11
EPS next Quarter (2026-08-31): EPS=3.93 | Chg30d=+2.38% | Revisions=+50% | Analysts=11
EPS current Year (2026-11-30): EPS=16.82 | Chg30d=+1.47% | Revisions=+50% | GrowthEPS=+27.5% | GrowthRev=+9.0%
EPS next Year (2027-11-30): EPS=18.47 | Chg30d=+3.40% | Revisions=+56% | GrowthEPS=+9.8% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: +73%