SYNNEX
Market Cap
US$4.6b
Last Updated
2021/01/23 23:56 UTC
Data Sources
Company Financials +
Executive Summary
SYNNEX Corporation provides business process services in the United States and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 16.3% per year for the next 3 years
Snowflake Analysis
Undervalued with proven track record.
Similar Companies
Share Price & News
How has SYNNEX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SNX is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: SNX's weekly volatility has increased from 11% to 16% over the past year.
Market Performance
7 Day Return
2.6%
SNX
1.3%
US Electronic
2.3%
US Market
1 Year Return
-37.1%
SNX
27.9%
US Electronic
23.8%
US Market
Return vs Industry: SNX underperformed the US Electronic industry which returned 27.9% over the past year.
Return vs Market: SNX underperformed the US Market which returned 23.7% over the past year.
Shareholder returns
| SNX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 1.3% | 2.3% |
| 30 Day | 8.6% | 7.4% | 4.8% |
| 90 Day | -38.2% | 23.6% | 14.5% |
| 1 Year | 25.8%-37.1% | 31.1%27.9% | 26.6%23.8% |
| 3 Year | 50.3%-27.0% | 42.4%36.4% | 45.0%35.4% |
| 5 Year | 124.3%6.9% | 168.6%151.3% | 126.2%101.0% |
Long-Term Price Volatility Vs. Market
How volatile is SYNNEX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
SYNNEX (NYSE:SNX) Seems To Use Debt Quite Sensibly2 months ago | Simply Wall St
SYNNEX (NYSE:SNX) Is Growing Earnings But Are They A Good Guide?2 months ago | Simply Wall St
SYNNEX (NYSE:SNX) Shareholders Booked A 45% Gain In The Last Five YearsValuation
Is SYNNEX undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SNX ($89.78) is trading below our estimate of fair value ($487.42)
Significantly Below Fair Value: SNX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SNX is good value based on its PE Ratio (8.6x) compared to the US Electronic industry average (27.8x).
PE vs Market: SNX is good value based on its PE Ratio (8.6x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: SNX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SNX is good value based on its PB Ratio (1.1x) compared to the US Electronic industry average (2.8x).
Next Steps
Future Growth
How is SYNNEX forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-16.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SNX's earnings are forecast to decline over the next 3 years (-16.3% per year).
Earnings vs Market: SNX's earnings are forecast to decline over the next 3 years (-16.3% per year).
High Growth Earnings: SNX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SNX's revenue is expected to decline over the next 3 years (-10.6% per year).
High Growth Revenue: SNX's revenue is forecast to decline over the next 3 years (-10.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SNX's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has SYNNEX performed over the past 5 years?
20.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SNX has high quality earnings.
Growing Profit Margin: SNX's current net profit margins (2.1%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: SNX's earnings have grown significantly by 20.9% per year over the past 5 years.
Accelerating Growth: SNX's earnings growth over the past year (6.6%) is below its 5-year average (20.9% per year).
Earnings vs Industry: SNX earnings growth over the past year (6.6%) exceeded the Electronic industry -9.3%.
Return on Equity
High ROE: SNX's Return on Equity (12.2%) is considered low.
Next Steps
Financial Health
How is SYNNEX's financial position?
Financial Position Analysis
Short Term Liabilities: SNX's short term assets ($8.8B) exceed its short term liabilities ($5.6B).
Long Term Liabilities: SNX's short term assets ($8.8B) exceed its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: SNX's debt to equity ratio (50.1%) is considered high.
Reducing Debt: SNX's debt to equity ratio has increased from 40.9% to 50.1% over the past 5 years.
Debt Coverage: SNX's debt is well covered by operating cash flow (87.2%).
Interest Coverage: SNX's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Next Steps
Dividend
What is SYNNEX current dividend yield, its reliability and sustainability?
0.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SNX's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: SNX's dividend (0.89%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: SNX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SNX's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (3.8%), SNX's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SNX is not forecast to pay a dividend in 3 years.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.9yrs
Average management tenure
CEO
Dennis Polk (53 yo)
2.83yrs
Tenure
US$6,202,995
Compensation
Mr. Dennis Polk serves as the Director of Concentrix Corporation. He has been the President and Chief Executive Officer at SYNNEX Corp. since March 1, 2018. Mr. Polk served as the Chief Operating Officer o...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD6.20M) is about average for companies of similar size in the US market ($USD5.01M).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.83yrs | US$6.20m | 0.085% $ 3.9m | |
| Chief Financial Officer | 7.75yrs | US$1.94m | 0.033% $ 1.5m | |
| President of North America Technology Solutions | 19.58yrs | US$3.44m | 0.032% $ 1.5m | |
| President of Worldwide Technology Solutions Distribution | 1.92yrs | US$4.03m | 0.019% $ 863.5k | |
| Senior VP of Corporate Finance & Treasurer | 8yrs | no data | no data | |
| Senior VP | 19.67yrs | US$1.09m | 0.030% $ 1.4m | |
| Senior Vice President of Wide Format Sales | 11yrs | no data | no data | |
| Corporate Controller & Investor Relations | 1yr | no data | no data |
7.9yrs
Average Tenure
54yo
Average Age
Experienced Management: SNX's management team is seasoned and experienced (7.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.83yrs | US$6.20m | 0.085% $ 3.9m | |
| Lead Independent Director | 2.83yrs | US$316.33k | 0.0020% $ 93.9k | |
| Independent Director | 13.67yrs | US$236.33k | 0.045% $ 2.1m | |
| Chairman of the Board | 2.83yrs | US$353.13k | 0.24% $ 11.3m | |
| Independent Director | 15.33yrs | US$256.33k | 0.027% $ 1.2m | |
| Independent Director | 17.92yrs | US$236.33k | 0.033% $ 1.5m | |
| Independent Director | 8.92yrs | US$236.33k | 0.037% $ 1.7m | |
| Chairman Emeritus | 12.08yrs | US$236.33k | 1.16% $ 53.6m | |
| Independent Director | 10.33yrs | US$262.33k | 0.031% $ 1.4m | |
| Independent Director | 3.92yrs | US$236.33k | 0.012% $ 545.6k | |
| Independent Director | 8.92yrs | US$248.83k | 0.028% $ 1.3m | |
| Member of Varnex Advisory Council | 7.75yrs | no data | no data |
8.9yrs
Average Tenure
68yo
Average Age
Experienced Board: SNX's board of directors are considered experienced (8.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SNX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
SYNNEX Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SYNNEX Corporation
- Ticker: SNX
- Exchange: NYSE
- Founded: 1980
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: US$4.628b
- Shares outstanding: 51.54m
- Website: https://www.synnexcorp.com
Number of Employees
Location
- SYNNEX Corporation
- 44201 Nobel Drive
- Fremont
- California
- 94538
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SNX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2003 |
| SUX | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2003 |
| SNX.WI | NYSE (New York Stock Exchange) | COM STK | US | USD | Nov 2020 |
Biography
SYNNEX Corporation provides business process services in the United States and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distribute...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:56 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/11/30 |
| Annual Earnings | 2020/11/30 |
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.