Synnex Technology International Corporation

TWSE:2347 Stock Report

Market Cap: NT$126.8b

Synnex Technology International Valuation

Is 2347 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2347 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2347 (NT$76) is trading above our estimate of fair value (NT$63.18)

Significantly Below Fair Value: 2347 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2347?

Key metric: As 2347 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2347. This is calculated by dividing 2347's market cap by their current earnings.
What is 2347's PE Ratio?
PE Ratio15x
EarningsNT$8.44b
Market CapNT$126.76b

Price to Earnings Ratio vs Peers

How does 2347's PE Ratio compare to its peers?

The above table shows the PE ratio for 2347 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15x
3702 WPG Holdings
14.5x8.4%NT$126.6b
3036 WT Microelectronics
17.7x45.6%NT$130.0b
8112 Supreme Electronics
13xn/aNT$33.2b
3010 Wah Lee Industrial
14.9xn/aNT$32.0b
2347 Synnex Technology International
15x13.9%NT$126.8b

Price-To-Earnings vs Peers: 2347 is expensive based on its Price-To-Earnings Ratio (15x) compared to the peer average (15x).

Price to Earnings Ratio vs Industry

How does 2347's PE Ratio compare vs other companies in the TW Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
2347 15.0xIndustry Avg. 21.4xNo. of Companies51PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2347 is good value based on its Price-To-Earnings Ratio (15x) compared to the TW Electronic industry average (21.4x).

Price to Earnings Ratio vs Fair Ratio

What is 2347's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2347 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: 2347 is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2347 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$76.00
NT$81.67
+7.5%
1.5%NT$83.00NT$80.00n/a3
Nov ’25NT$71.40
NT$79.67
+11.6%
3.6%NT$83.00NT$76.00n/a3
Oct ’25NT$70.60
NT$79.67
+12.8%
3.6%NT$83.00NT$76.00n/a3
Sep ’25NT$72.10
NT$79.67
+10.5%
3.6%NT$83.00NT$76.00n/a3
Aug ’25NT$72.30
NT$80.03
+10.7%
3.1%NT$83.00NT$77.00n/a3
Jul ’25NT$72.60
NT$80.03
+10.2%
3.1%NT$83.00NT$77.00n/a3
Jun ’25NT$84.40
NT$80.03
-5.2%
3.1%NT$83.00NT$77.00n/a3
May ’25NT$79.80
NT$73.37
-8.1%
6.6%NT$80.10NT$69.00n/a3
Apr ’25NT$75.90
NT$73.37
-3.3%
6.6%NT$80.10NT$69.00n/a3
Mar ’25NT$76.70
NT$66.00
-14.0%
4.5%NT$69.00NT$63.00n/a2
Feb ’25NT$72.70
NT$66.00
-9.2%
4.5%NT$69.00NT$63.00n/a2
Jan ’25NT$70.20
NT$61.50
-12.4%
12.2%NT$69.00NT$54.00n/a2
Dec ’24NT$68.20
NT$61.50
-9.8%
12.2%NT$69.00NT$54.00n/a2
Nov ’24NT$68.50
NT$58.50
-14.6%
7.7%NT$63.00NT$54.00NT$71.402
Oct ’24NT$64.10
NT$58.50
-8.7%
7.7%NT$63.00NT$54.00NT$70.602
Sep ’24NT$61.00
NT$58.50
-4.1%
7.7%NT$63.00NT$54.00NT$72.102

Analyst Forecast: Target price is less than 20% higher than the current share price.

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