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TD Synnex Corp
NYSE:SNX

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TD Synnex Corp Logo
TD Synnex Corp
NYSE:SNX
Watchlist
Price: 103.11 USD 1.12%
Updated: Feb 26, 2024

Intrinsic Value

TD SYNNEX Corp. engages in the provision of distribution, logistics and integration services for the technology industry. [ Read More ]

The intrinsic value of one SNX stock under the Base Case scenario is 208.64 USD. Compared to the current market price of 103.11 USD, TD Synnex Corp is Undervalued by 51%.

Key Points:
SNX Intrinsic Value
Base Case
208.64 USD
Undervaluation 51%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
TD Synnex Corp

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Fundamental Analysis

Resilient Performance and Positive Outlook
2023-Q4 Earnings Call

Resilient Performance and Positive Outlook

In fiscal '23, despite a challenging market and reduced demand for PC ecosystem products, the company's diversified portfolio and focus on cloud, security, data analytics, and AI led to increased gross and operating margins. Q4 saw gross billings at $19.7 billion, a 6% decrease year-over-year, with net revenue at $14.4 billion, an 11% decrease. However, non-GAAP gross margin improved to 7.07%, with net income at $286 million and diluted EPS at $3.13, surpassing guidance. Free cash flow for the fiscal year reached $1.3 billion, exceeding the $1 billion target. For FY'24, a cautious yet positive outlook is projected, with an expected $1.2 billion in free cash flow and continued shareholder value creation.

Financials

Balance Sheet Decomposition
TD Synnex Corp

Current Assets 20.1B
Cash & Short-Term Investments 1B
Receivables 11.3B
Other Current Assets 7.8B
Non-Current Assets 9.3B
PP&E 450m
Intangibles 8.1B
Other Non-Current Assets 729.9m
Current Liabilities 16.7B
Accounts Payable 13.3B
Accrued Liabilities 2.4B
Other Current Liabilities 983.6m
Non-Current Liabilities 4.5B
Long-Term Debt 3.1B
Other Non-Current Liabilities 1.4B
Efficiency
Fundamental Scores

SNX Profitability Score
Profitability Due Diligence

TD Synnex Corp's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive Free Cash Flow
Positive Revenue Growth Forecast
Positive 3-Year Average ROE
49/100
Profitability
Score

TD Synnex Corp's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

SNX Solvency Score
Solvency Due Diligence

TD Synnex Corp's solvency score is 46/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
46/100
Solvency
Score

TD Synnex Corp's solvency score is 46/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SNX Price Targets Summary
TD Synnex Corp

Wall Street analysts forecast SNX stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SNX is 120.27 USD with a low forecast of 108.07 USD and a high forecast of 136.5 USD.

Lowest
Price Target
108.07 USD
5% Upside
Average
Price Target
120.27 USD
17% Upside
Highest
Price Target
136.5 USD
32% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

SNX Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

SNX Price
TD Synnex Corp

1M 1M
-2%
6M 6M
+2%
1Y 1Y
+7%
3Y 3Y
+19%
5Y 5Y
+112%
10Y 10Y
+279%
Annual Price Range
103.11
52w Low
86.92
52w High
108.73
Price Metrics
Average Annual Return 20.59%
Standard Deviation of Annual Returns 24.78%
Max Drawdown -56%
Shares Statistics
Market Capitalization 9.1B USD
Shares Outstanding 87 719 104
Percentage of Shares Shorted 1.51%

SNX Return Decomposition
Main factors of price return

What is price return decomposition?

SNX News

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Last Important Events
TD Synnex Corp

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
TD Synnex Corp

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Company Profile

TD Synnex Corp Logo
TD Synnex Corp

Country

United States of America

Industry

Electrical Equipment

Market Cap

9.1B USD

Dividend Yield

1.55%

Description

TD SYNNEX Corp. engages in the provision of distribution, logistics and integration services for the technology industry. The company is headquartered in Fremont, California and currently employs 22,000 full-time employees. The company went IPO on 2003-11-25. The firm helps over 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. The Company’s cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, Internet of things (IoT), mobility and everything as a service. The firm serves customers and communities. The company provides the tools, resources, and helps people in the delivery of cloud solutions to IT solution providers.

Contact

CALIFORNIA
Fremont
44201 Nobel Dr
+15106563333.0
https://www.synnexcorp.com/

IPO

2003-11-25

Employees

22 000

Officers

CEO, President & Director
Mr. Richard T. Hume
Chief Financial Officer
Mr. Marshall W. Witt
Chief Operating Officer
Mr. Patrick Zammit
Hyve Executive & Executive Director
Mr. Dennis J. Polk
Executive Officer
Mr. Michael Urban
Senior VP & Chief Accounting Officer
Mr. John Henry
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Chief Information Officer
Ms. Bonnie K. Smith
Senior Manager of Investor Relations
Liz Morali
Chief Legal Officer & Corporate Secretary
Mr. David R. Vetter
Chief Human Resources Officer
Ms. Beth E. Simonetti
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See Also

Discover More
What is the Intrinsic Value of one SNX stock?

The intrinsic value of one SNX stock under the Base Case scenario is 208.64 USD.

Is SNX stock undervalued or overvalued?

Compared to the current market price of 103.11 USD, TD Synnex Corp is Undervalued by 51%.