SNX Stock Analysis: Synnex | NYSE
Electronics & Computer Distribution | NYSE, USA | Market Cap: 20.735m USD | 12M Return: 77.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 250M
EPS Trend: 80.8%
Qual. Beats: 2
Rev. Trend: 82.4%
Qual. Beats: 5
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TD SYNNEX Corporation is a global IT distributor and solutions aggregator that operates across the United States, Europe, and international markets. The company serves as an intermediary between technology manufacturers and a broad range of resellers, including value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. Its business is organized around two primary product categories: endpoint solutions (PCs, peripherals, mobile devices, printers, and supplies) and advanced solutions (data center technologies, including hybrid cloud, security, storage, networking, servers, and software).
Beyond product distribution, TD SYNNEX offers an extensive suite of value-added services, including design and integration support, thermal and power-draw testing, burn-in and quality assurance, logistics and field services, depot repair, and customer management. The company also provides cloud services spanning infrastructure-, platform-, and software-as-a-service offerings, as well as financing solutions such as net terms, third-party leasing, floor plan financing, and device-as-a-service programs for end-users.
The company was formed through the 2021 merger of SYNNEX Corporation and Tech Data, creating one of the largest IT distributors globally. As a technology distributor operating in a low-margin, high-volume business model, TD SYNNEX generates revenue primarily through the resale of hardware, software, and services, with profitability largely dependent on scale, operational efficiency, and the breadth of its value-added services portfolio. The company also maintains a strategic alliance with EigenQ, Inc. focused on post-quantum security readiness for AMD EPYC-based server environments.
- Cloud solutions segment revenue outpaces traditional distribution
- PC and endpoint demand softness pressures gross margins
- TD merger integration delivers cost synergies and cross-selling opportunities
| Net Income: 1.14b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.01 > 1.0 |
| NWC/Revenue: 7.05% < 20% (prev 7.28%; Δ -0.24% < -1%) |
| CFO/TA 0.01 > 3% & CFO 545.0m > Net Income 1.14b |
| Net Debt (3.80b) to EBITDA (2.23b): 1.71 < 3 |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (80.0m) vs 12m ago -4.17% < -2% |
| Gross Margin: 6.83% > 18% (prev 6.10%; Δ 0.73% > 0.5%) |
| Asset Turnover: 202.2% > 50% (prev 196.7%; Δ 5.49% > 0%) |
| Interest Coverage Ratio: 5.04 > 6 (EBIT TTM 1.81b / Interest Expense TTM 358.0m) |
| A: 0.13 (Total Current Assets 29.6b - Total Current Liabilities 24.7b) / Total Assets 38.5b |
| B: 0.10 (Retained Earnings 4.02b / Total Assets 38.5b) |
| C: 0.05 (EBIT TTM 1.81b / Avg Total Assets 34.5b) |
| D: 0.30 (Book Value of Equity 8.95b / Total Liabilities 29.6b) |
| Altman-Z'' = 1.85 = BBB |
| DSRI: 1.07 (Receivables 13.8b/11.1b, Revenue 69.8b/60.0b) |
| GMI: 0.89 (GM 6.10% / 6.83%) |
| AQI: 0.78 (AQ_t 0.22 / AQ_t-1 0.28) |
| SGI: 1.16 (Revenue 69.8b / 60.0b) |
| TATA: 0.02 (NI 1.14b - CFO 545.0m) / TA 38.5b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of July 03, 2026, the stock is trading at USD 244.64 with a total of 988,711 shares traded. Over the past week, the price has changed by -11.88%, over one month by -12.42%, over three months by +31.19% and over the past year by +77.67%.
Current recommended Stop Loss: 231.60 (which is 5.3% or 1.2 ATR below the current price).
Synnex has received a consensus analysts rating of 4.36. Therefore, it is recommended to buy SNX.
- StrongBuy: 6
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 329.8 | 34.8% |
P/E Trailing = 18.7213
P/E Forward = 16.0256
P/S = 0.2972
P/B = 2.3698
P/EG = 1.002
Revenue TTM = 69.8b USD
EBIT TTM = 1.81b USD
EBITDA TTM = 2.23b USD
Long Term Debt = 3.59b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.13b USD (from shortTermDebt, last quarter)
Debt = 4.90b USD (from shortLongTermDebtTotal, last quarter) + Leases 178.7m
Net Debt = 3.80b USD (calculated: Debt 4.90b - CCE 1.09b)
Enterprise Value = 24.5b USD (20.7b + Debt 4.90b - CCE 1.09b)
Interest Coverage Ratio = 5.04 (Ebit TTM 1.81b / Interest Expense TTM 358.0m)
EV/FCF = 65.52x (Enterprise Value 24.5b / FCF TTM 374.6m)
FCF Yield = 1.53% (FCF TTM 374.6m / Enterprise Value 24.5b)
FCF Margin = 0.54% (FCF TTM 374.6m / Revenue TTM 69.8b)
Net Margin = 1.63% (Net Income TTM 1.14b / Revenue TTM 69.8b)
Gross Margin = 6.83% ((Revenue TTM 69.8b - Cost of Revenue TTM 65.0b) / Revenue TTM)
Gross Margin QoQ = 6.84% (prev 7.30%)
Tobins Q-Ratio = 0.64 (Enterprise Value 24.5b / Total Assets 38.5b)
Interest Expense / Debt = 7.31% (Interest Expense 358.0m / Debt 4.90b)
Taxrate = 22.00% (320.4m / 1.46b)
NOPAT = 1.41b (EBIT 1.81b * (1 - 22.00%))
Current Ratio = 1.20 (Total Current Assets 29.6b / Total Current Liabilities 24.7b)
Debt / Equity = 0.55 (Debt 4.90b / totalStockholderEquity, last quarter 8.95b)
Debt / EBITDA = 1.71 (Net Debt 3.80b / EBITDA 2.23b)
Debt / FCF = 10.16 (Net Debt 3.80b / FCF TTM 374.6m)
Total Stockholder Equity = 8.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.29% (Net Income 1.14b / Total Assets 38.5b)
RoE = 13.12% (Net Income TTM 1.14b / Total Stockholder Equity 8.66b)
RoCE = 14.74% (EBIT 1.81b / Capital Employed (Equity 8.66b + L.T.Debt 3.59b))
RoIC = 10.16% (NOPAT 1.41b / Invested Capital 13.9b)
WACC = 9.61% (E(20.7b)/V(25.6b) * Re(10.53%) + D(4.90b)/V(25.6b) * Rd(7.31%) * (1-Tc(0.22)))
Discount Rate = 10.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -4.26%
[DCF] Terminal Value 68.54% ; FCFF base≈466.7m ; Y1≈409.3m ; Y5≈330.7m
[DCF] Fair Price = 7.49 (EV 4.40b - Net Debt 3.80b = Equity 593.9m / Shares 79.3m; r=9.61% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 80.76 | EPS CAGR: 12.11% | SUE: 1.54 | # QB: 2
Revenue Correlation: 82.39 | Revenue CAGR: 6.00% | SUE: 4.0 | # QB: 5
EPS current Quarter (2026-08-31): EPS=4.63 | Chg30d=+16.91% | Revisions=+43% | Analysts=10
EPS current Year (2026-11-30): EPS=18.99 | Chg30d=+12.35% | Revisions=+43% | GrowthEPS=+44.0% | GrowthRev=+19.7%
EPS next Year (2027-11-30): EPS=21.10 | Chg30d=+13.29% | Revisions=+50% | GrowthEPS=+11.1% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +50%