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SYNNEX

NYSE:SNX
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNX
NYSE
$5B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

SYNNEX Corporation provides business process services in the Americas, Asia-Pacific, Europe and Africa. The last earnings update was 53 days ago. More info.


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SNX Share Price and Events
7 Day Returns
-4%
NYSE:SNX
-0.2%
US Electronic
0.4%
US Market
1 Year Returns
-19.7%
NYSE:SNX
0.1%
US Electronic
3.5%
US Market
SNX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SYNNEX (SNX) -4% -10.3% 20.2% -19.7% -4.9% 55.6%
US Electronic -0.2% 0.3% 22.8% 0.1% 60% 59.3%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • SNX underperformed the Electronic industry which returned 0.1% over the past year.
  • SNX underperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
SNX
Industry
5yr Volatility vs Market
Related Companies

SNX Value

 Is SYNNEX undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SYNNEX to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SYNNEX.

NYSE:SNX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SNX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.07 (1 + (1- 21%) (74.06%))
1.466
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.466 * 5.96%)
11.47%

Discounted Cash Flow Calculation for NYSE:SNX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SYNNEX is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SNX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.47%)
2019 574.70 Analyst x1 515.58
2020 617.70 Analyst x1 497.15
2021 653.88 Est @ 5.86% 472.12
2022 686.04 Est @ 4.92% 444.39
2023 715.29 Est @ 4.26% 415.67
2024 742.49 Est @ 3.8% 387.08
2025 768.33 Est @ 3.48% 359.35
2026 793.34 Est @ 3.26% 332.88
2027 817.92 Est @ 3.1% 307.88
2028 842.36 Est @ 2.99% 284.46
Present value of next 10 years cash flows $4,016.57
NYSE:SNX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $842.36 × (1 + 2.73%) ÷ (11.47% – 2.73%)
$9,904.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $9,904.26 ÷ (1 + 11.47%)10
$3,344.66
NYSE:SNX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,016.57 + $3,344.66
$7,361.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,361.22 / 51.21
$143.73
NYSE:SNX Discount to Share Price
Calculation Result
Value per share (USD) From above. $143.73
Current discount Discount to share price of $91.36
= -1 x ($91.36 - $143.73) / $143.73
36.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SYNNEX is available for.
Intrinsic value
36%
Share price is $91.36 vs Future cash flow value of $143.73
Current Discount Checks
For SYNNEX to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SYNNEX's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SYNNEX's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SYNNEX's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SYNNEX's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SNX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $7.23
NYSE:SNX Share Price ** NYSE (2019-03-22) in USD $91.36
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.26x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SYNNEX.

NYSE:SNX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SNX Share Price ÷ EPS (both in USD)

= 91.36 ÷ 7.23

12.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SYNNEX is good value based on earnings compared to the US Electronic industry average.
  • SYNNEX is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SYNNEX's expected growth come at a high price?
Raw Data
NYSE:SNX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
30.1%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.53x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:SNX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.64x ÷ 30.1%

0.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SYNNEX is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SYNNEX's assets?
Raw Data
NYSE:SNX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $67.70
NYSE:SNX Share Price * NYSE (2019-03-22) in USD $91.36
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
NYSE:SNX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SNX Share Price ÷ Book Value per Share (both in USD)

= 91.36 ÷ 67.70

1.35x

* Primary Listing of SYNNEX.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SYNNEX is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess SYNNEX's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. SYNNEX has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SNX Future Performance

 How is SYNNEX expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SYNNEX expected to grow at an attractive rate?
  • SYNNEX's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SYNNEX's earnings growth is expected to exceed the United States of America market average.
  • SYNNEX's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SNX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SNX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 30.1%
NYSE:SNX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.3%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SNX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SNX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-11-30
2020-11-30 22,560 576 5
2019-11-30 22,186 510 6
NYSE:SNX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 20,054 101 298
2018-08-31 19,743 217 276
2018-05-31 19,114 385 282
2018-02-28 18,077 357 261
2017-11-30 17,046 177 298
2017-08-31 15,621 -29 293
2017-05-31 15,014 -105 276
2017-02-28 14,457 -4 248
2016-11-30 14,062 325 233
2016-08-31 13,725 360 210
2016-05-31 13,387 592 199
2016-02-29 13,262 579 206

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SYNNEX's earnings are expected to grow significantly at over 20% yearly.
  • SYNNEX's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SNX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from SYNNEX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SNX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-11-30
2020-11-30 10.83 12.00 9.40 3.00
2019-11-30 10.06 11.12 9.12 3.00
NYSE:SNX Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 7.23
2018-08-31 6.98
2018-05-31 7.11
2018-02-28 6.60
2017-11-30 7.54
2017-08-31 7.41
2017-05-31 7.00
2017-02-28 6.29
2016-11-30 5.91
2016-08-31 5.34
2016-05-31 5.08
2016-02-29 5.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SYNNEX will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SYNNEX's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SYNNEX has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SNX Past Performance

  How has SYNNEX performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SYNNEX's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SYNNEX's year on year earnings growth rate has been positive over the past 5 years.
  • SYNNEX's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SYNNEX's 1-year earnings growth is negative, it can't be compared to the US Electronic industry average.
Earnings and Revenue History
SYNNEX's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SYNNEX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SNX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 20,053.76 297.86 1,209.47
2018-08-31 19,743.44 275.90 1,121.49
2018-05-31 19,113.52 281.74 1,076.49
2018-02-28 18,077.20 261.39 1,008.30
2017-11-30 17,045.70 298.38 959.69
2017-08-31 15,620.73 292.61 925.61
2017-05-31 15,013.85 276.26 922.72
2017-02-28 14,457.08 247.68 877.97
2016-11-30 14,061.84 232.53 838.68
2016-08-31 13,724.55 209.53 799.18
2016-05-31 13,387.28 199.08 757.82
2016-02-29 13,261.56 206.43 764.11
2015-11-30 13,338.40 206.10 773.53
2015-08-31 13,612.65 200.97 769.45
2015-05-31 13,815.31 197.71 792.74
2015-02-28 14,015.06 185.45 768.01
2014-11-30 13,839.59 177.63 692.83
2014-08-31 13,074.77 160.47 642.60
2014-05-31 12,273.48 162.68 510.04
2014-02-28 11,411.31 154.46 430.88
2013-11-30 10,845.16 149.93 397.75
2013-08-31 10,551.18 154.39 406.30
2013-05-31 10,394.21 142.92 403.00
2013-02-28 10,285.65 146.52 395.34
2012-11-30 10,285.51 149.33 401.73
2012-08-31 10,361.41 157.91 400.42
2012-05-31 10,356.60 161.81 396.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SYNNEX has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SYNNEX used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • SYNNEX's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SYNNEX's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SYNNEX has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SNX Health

 How is SYNNEX's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SYNNEX's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SYNNEX is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SYNNEX's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SYNNEX's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SYNNEX Company Filings, last reported 3 months ago.

NYSE:SNX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 3,432.07 3,465.00 458.16
2018-08-31 2,327.36 1,822.93 208.24
2018-05-31 2,311.48 1,811.74 358.75
2018-02-28 2,315.44 1,815.77 378.12
2017-11-30 2,283.70 1,943.95 556.16
2017-08-31 2,216.87 1,060.91 248.75
2017-05-31 2,116.21 1,096.09 310.85
2017-02-28 2,038.22 1,014.58 215.38
2016-11-30 1,975.80 971.23 385.83
2016-08-31 1,926.78 822.33 230.24
2016-05-31 1,875.00 728.02 596.38
2016-02-29 1,821.40 718.88 452.83
2015-11-30 1,799.90 736.70 341.64
2015-08-31 1,749.79 740.45 313.46
2015-05-31 1,728.39 735.73 221.09
2015-02-28 1,684.81 839.90 177.56
2014-11-30 1,653.99 980.50 187.27
2014-08-31 1,625.11 1,000.80 139.09
2014-05-31 1,581.43 976.35 215.10
2014-02-28 1,525.94 762.71 162.41
2013-11-30 1,411.64 317.93 166.76
2013-08-31 1,366.64 233.30 153.89
2013-05-31 1,356.04 296.75 230.93
2013-02-28 1,345.89 297.73 247.81
2012-11-30 1,319.36 275.29 179.63
2012-08-31 1,294.38 300.58 188.35
2012-05-31 1,245.79 290.70 112.39
  • SYNNEX's level of debt (101%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.9% vs 101% today).
  • Debt is not well covered by operating cash flow (2.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
X
Financial health checks
We assess SYNNEX's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SYNNEX has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SNX Dividends

 What is SYNNEX's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.64%
Current annual income from SYNNEX dividends. Estimated to be 1.02% next year.
If you bought $2,000 of SYNNEX shares you are expected to receive $33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SYNNEX's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • SYNNEX's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SNX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SNX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-11-30 0.00 1.00
2020-11-30 1.40 1.00
2019-11-30 1.40 1.00
NYSE:SNX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-10 1.500 1.559
2018-09-25 1.400 1.755
2018-07-06 1.400 1.448
2018-06-28 1.400 1.383
2018-04-06 1.400 1.306
2018-03-29 1.400 1.394
2018-01-29 1.400 1.164
2018-01-09 1.400 1.067
2017-09-25 1.200 0.907
2017-06-22 1.000 0.848
2017-01-05 1.000 0.872
2016-10-04 1.000 0.883
2016-09-26 1.000 0.887
2016-07-05 0.800 0.782
2016-06-23 0.800 0.860
2016-01-07 0.800 0.910
2015-10-05 0.800 0.868
2015-09-28 0.800 0.950
2015-06-25 0.500 0.646
2015-03-31 0.500 0.629
2014-09-29 0.500 0.691

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, SYNNEX has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but SYNNEX only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of SYNNEX's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (3333.3x coverage).
X
Income/ dividend checks
We assess SYNNEX's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SYNNEX afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SYNNEX has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SNX Management

 What is the CEO of SYNNEX's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dennis Polk
COMPENSATION $7,174,297
AGE 51
TENURE AS CEO 1 years
CEO Bio

Mr. Dennis Polk has been the President and Chief Executive Officer at SYNNEX Corp. since March 1, 2018. Mr. Polk served as the Chief Operating Officer of SYNNEX Corporation since July 2006. Mr. Polk served as the Chief Financial Officer and Senior Vice President of Corporate Finance of SYNNEX Corp. since joining it in February 2002 and also served as its Principal Accounting Officer. Mr. Polk joined SYNNEX Corporation in 2002. From March 2001 to January 2002, Mr. Polk provided services, primarily in the capacity of Chief Financial Officer, for several entities, including IPS Associates, SeeCommerce and Prestwick Partners. From February 2000 to February 2001, Mr. Polk served as Vice President of Finance at DoveBid Inc. From December 1995 to January 2000, Mr. Polk served as first the Corporate Controller and later the Senior Vice President of Finance and Chief Financial Officer of Savoir Technology Group Inc., a computer systems distributor and contract assembler. Prior to December 1995, Mr. Polk was employed by Grant Thornton LLP. Mr. Polk has been a Director of SYNNEX Corp. since February 22, 2012. He has been Independent Director of Terreno Realty Corp. since February 2010. He served as a Director of EMJ Data Systems Ltd. Mr. Polk received a Bachelor of Science Degree in Accounting from Santa Clara University and is a Certified Public Accountant.

CEO Compensation
  • Dennis's compensation has been consistent with company performance over the past year.
  • Dennis's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SYNNEX management team in years:

6
Average Tenure
52
Average Age
  • The average tenure for the SYNNEX management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dennis Polk

TITLE
President
COMPENSATION
$7M
AGE
51
TENURE
1 yrs

Marshall Witt

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
52
TENURE
5.9 yrs

Simon Leung

TITLE
Senior VP
COMPENSATION
$1M
AGE
52
TENURE
17.8 yrs

Chris Caldwell

TITLE
Executive Vice-President
COMPENSATION
$4M
AGE
45
TENURE
12 yrs

Peter Larocque

TITLE
President of North American Technology Solutions
COMPENSATION
$3M
AGE
56
TENURE
5.3 yrs

Mike Vaishnav

TITLE
Senior VP of Corporate Finance & Treasurer
TENURE
6.2 yrs

Phyllis Proffer

TITLE
Director of Investor Relations

Scott Barker

TITLE
Senior Vice President of Wide Format Sales
TENURE
9.2 yrs

Michael Urban

TITLE
President of Worldwide Technology Solutions Distribution
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the SYNNEX board of directors in years:

7.8
Average Tenure
67.5
Average Age
  • The tenure for the SYNNEX board of directors is about average.
Board of Directors

Kevin Murai

TITLE
Chairman of the Board
COMPENSATION
$1M
AGE
54
TENURE
1 yrs

Dennis Polk

TITLE
President
COMPENSATION
$7M
AGE
51
TENURE
7.1 yrs

Matthew Miau

TITLE
Chairman Emeritus
COMPENSATION
$211K
AGE
71
TENURE
10.3 yrs

Greg Quesnel

TITLE
Independent Director
COMPENSATION
$231K
AGE
69
TENURE
13.5 yrs

Andrea Zulberti

TITLE
Director
COMPENSATION
$237K
AGE
66
TENURE
8.5 yrs

Thomas Wurster

TITLE
Director
COMPENSATION
$224K
AGE
65
TENURE
7.1 yrs

Dwight Steffensen

TITLE
Lead Independent Director
COMPENSATION
$291K
AGE
74
TENURE
1 yrs

Fred Breidenbach

TITLE
Director
COMPENSATION
$211K
AGE
71
TENURE
16.1 yrs

Duane Zitzner

TITLE
Independent Director
COMPENSATION
$211K
AGE
70
TENURE
11.8 yrs

Hau Leung Lee

TITLE
Director
COMPENSATION
$211K
AGE
66
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • SYNNEX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jan 19 Sell Andrea Zulberti Individual 15. Jan 19 15. Jan 19 -1,416 $90.23 $-127,733
01. Nov 18 Buy Feng-Chiang Miau Individual 30. Oct 18 30. Oct 18 2,000 $77.00 $153,061
31. Oct 18 Buy Feng-Chiang Miau Individual 29. Oct 18 29. Oct 18 40 $74.50 $2,980
31. Oct 18 Buy Feng-Chiang Miau Individual 29. Oct 18 29. Oct 18 3,280 $78.42 $253,303
15. Jan 19 Sell Kevin Murai Individual 26. Oct 18 26. Oct 18 -6,109 $78.52 $-473,569
26. Oct 18 Buy MiTAC Holdings Corporation Company 24. Oct 18 24. Oct 18 6,900 $78.10 $538,710
26. Oct 18 Buy Feng-Chiang Miau Individual 24. Oct 18 24. Oct 18 1,200 $80.00 $96,000
24. Oct 18 Buy Feng-Chiang Miau Individual 22. Oct 18 22. Oct 18 3,809 $79.00 $300,911
24. Oct 18 Sell Dwight Steffensen Individual 23. Oct 18 23. Oct 18 -2,869 $81.19 $-232,864
24. Oct 18 Buy MiTAC Holdings Corporation Company 22. Oct 18 22. Oct 18 113,000 $80.89 $9,100,170
23. Oct 18 Buy MiTAC Holdings Corporation Company 19. Oct 18 19. Oct 18 122,202 $78.67 $9,564,382
22. Oct 18 Buy MiTAC Holdings Corporation Company 19. Oct 18 19. Oct 18 122,202 $78.27 $9,564,384
19. Apr 18 Sell Feng-Chiang Miau Individual 18. Apr 18 18. Apr 18 -2,000 $104.76 $-209,522
19. Apr 18 Sell Dwight Steffensen Individual 18. Apr 18 18. Apr 18 -3,000 $104.75 $-314,250
18. Apr 18 Sell Feng-Chiang Miau Individual 17. Apr 18 17. Apr 18 -2,000 $104.00 $-207,976
17. Apr 18 Sell Feng-Chiang Miau Individual 16. Apr 18 16. Apr 18 -2,000 $104.22 $-208,434
16. Apr 18 Sell Feng-Chiang Miau Individual 13. Apr 18 13. Apr 18 -2,000 $104.15 $-208,296
13. Apr 18 Sell Feng-Chiang Miau Individual 12. Apr 18 12. Apr 18 -1,000 $103.55 $-103,546
12. Apr 18 Sell Feng-Chiang Miau Individual 11. Apr 18 11. Apr 18 -1,000 $103.04 $-103,038
11. Apr 18 Sell Feng-Chiang Miau Individual 10. Apr 18 10. Apr 18 -1,000 $101.84 $-101,839
10. Apr 18 Sell Feng-Chiang Miau Individual 09. Apr 18 09. Apr 18 -500 $98.15 $-49,075
05. Apr 18 Sell Feng-Chiang Miau Individual 04. Apr 18 04. Apr 18 -500 $97.95 $-48,973
06. Apr 18 Sell Feng-Chiang Miau Individual 05. Apr 18 05. Apr 18 -500 $98.05 $-49,025
X
Management checks
We assess SYNNEX's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SYNNEX has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SNX News

Simply Wall St News

Did SYNNEX's (NYSE:SNX) Share Price Deserve to Gain 53%?

During five years of share price growth, SYNNEX achieved compound earnings per share (EPS) growth of 12% per year. … This EPS growth is higher than the 8.9% average annual increase in the share price. … Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business

Simply Wall St -

SYNNEX Corporation (NYSE:SNX): Did It Outperform The Industry?

When SYNNEX Corporation (NYSE:SNX) announced its most recent earnings (30 November 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … SNX's trailing twelve-month earnings (from 30 November 2018) of US$298m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 14%, indicating the rate at which SNX is growing has slowed down

Simply Wall St -

How Good Is SYNNEX Corporation (NYSE:SNX), When It Comes To ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows SYNNEX has a return on equity of 8.8% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Have Insiders Been Selling SYNNEX Corporation (NYSE:SNX) Shares?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in SYNNEX Corporation (NYSE:SNX). … SYNNEX Insider Transactions Over The Last Year.

Simply Wall St -

SYNNEX Corporation’s (NYSE:SNX) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Investors Are Undervaluing SYNNEX Corporation (NYSE:SNX) By 39.83%

In this article I am going to calculate the intrinsic value of SYNNEX Corporation (NYSE:SNX). … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Are SYNNEX Corporation's (NYSE:SNX) Interest Costs Too High?

Stocks with market capitalization between $2B and $10B, such as SYNNEX Corporation (NYSE:SNX) with a size of US$3.9b, do not attract as much attention from the investing community as do the small-caps and large-caps. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for SYNNEX

Simply Wall St -

Read This Before You Buy SYNNEX Corporation (NYSE:SNX) Because Of Its P/E Ratio

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … SYNNEX has a price to earnings ratio of 10.83, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Now The Time To Look At Buying SYNNEX Corporation (NYSE:SNX)?

saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $100.56 and falling to the lows of $74.03. … A question to answer is whether SYNNEX's current trading price of $76.25 reflective of the actual value of the? … Let’s take a look at SYNNEX’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Could SYNNEX Corporation's (NYSE:SNX) Investor Composition Influence The Stock Price?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutions are noticeable on the share registry.

Simply Wall St -

SNX Company Info

Description

SYNNEX Corporation provides business process services in the Americas, Asia-Pacific, Europe and Africa. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that include outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, this segment offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and Web-based marketing. This segment serves resellers, system integrators, and retailers. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business outsourcing services focused on customer engagement, process optimization, technology innovation, front and back-office automation, and business transformation services. This segment serves clients in various industry verticals, including automotive, banking and financial services, consumer electronics, energy and public sector, healthcare, insurance, media and communications, retail and e-commerce, and technology, as well as travel, transportation, and tourism. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.

Details
Name: SYNNEX Corporation
SNX
Exchange: NYSE
Founded: 1980
$4,678,940,092
51,214,318
Website: http://www.synnexcorp.com
Address: SYNNEX Corporation
44201 Nobel Drive,
Fremont,
California, 94538,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SNX Common Stock New York Stock Exchange US USD 25. Nov 2003
DB SUX Common Stock Deutsche Boerse AG DE EUR 25. Nov 2003
Number of employees
Current staff
Staff numbers
229,000
SYNNEX employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:50
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/01/28
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.