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SYNNEX

NYSE:SNX
Snowflake Description

Undervalued with mediocre balance sheet.

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 14 days ago. More info.


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SNX Share Price and Events
7 Day Returns
-0.9%
NYSE:SNX
-0.8%
US Electronic
0.6%
US Market
1 Year Returns
-4.4%
NYSE:SNX
1.9%
US Electronic
4.1%
US Market
SNX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SYNNEX (SNX) -0.9% 3.6% -11.2% -4.4% -5% 44.6%
US Electronic -0.8% 4.2% -5.1% 1.9% 55.5% 54.6%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • SNX underperformed the Electronic industry which returned 1.9% over the past year.
  • SNX underperformed the Market in United States of America which returned 4.1% 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 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
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 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.134 (1 + (1- 21%) (72.37%))
1.524
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.524 * 5.96%)
11.81%

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 (@ 11.81%)
2020 614.90 Analyst x1 549.93
2021 820.92 Est @ 33.51% 656.62
2022 1,020.18 Est @ 24.27% 729.78
2023 1,201.87 Est @ 17.81% 768.91
2024 1,361.55 Est @ 13.29% 779.03
2025 1,499.33 Est @ 10.12% 767.23
2026 1,617.81 Est @ 7.9% 740.39
2027 1,720.55 Est @ 6.35% 704.21
2028 1,811.13 Est @ 5.26% 662.96
2029 1,892.71 Est @ 4.5% 619.62
Present value of next 10 years cash flows $6,978.69
NYSE:SNX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,892.71 × (1 + 2.73%) ÷ (11.81% – 2.73%)
$21,404.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $21,404.81 ÷ (1 + 11.81%)10
$7,007.38
NYSE:SNX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,978.69 + $7,007.38
$13,986.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $13,986.07 / 51.08
$273.83
NYSE:SNX Discount to Share Price
Calculation Result
Value per share (USD) From above. $273.83
Current discount Discount to share price of $95.27
= -1 x ($95.27 - $273.83) / $273.83
65.2%

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
>50%
Share price is $95.27 vs Future cash flow value of $273.83
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, and 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 (2019-05-31) in USD $8.14
NYSE:SNX Share Price ** NYSE (2019-07-17) in USD $95.27
United States of America Electronic Industry PE Ratio Median Figure of 91 Publicly-Listed Electronic Companies 17.35x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* 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)

= 95.27 ÷ 8.14

11.7x

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 11.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
11.3%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*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

= 11.7x ÷ 11.3%

1.03x

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

  • SYNNEX is poor 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 (2019-05-31) in USD $69.91
NYSE:SNX Share Price * NYSE (2019-07-17) in USD $95.27
United States of America Electronic Industry PB Ratio Median Figure of 139 Publicly-Listed Electronic Companies 2.13x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NYSE:SNX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 95.27 ÷ 69.91

1.36x

* 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.
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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 5 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
11.3%
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 positive but not above 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 5 Analysts 11.3%
NYSE:SNX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.9%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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 (1 month ago) See Below
Future Estimates Average of up to 5 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 23,036 458 5
2019-11-30 22,580 429 5
NYSE:SNX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-05-31 21,624 -9 381
2019-02-28 20,810 -52 360
2018-11-30 20,054 101 298
2018-08-31 19,620 217 276
2018-05-31 18,990 385 281
2018-02-28 18,018 357 261
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SYNNEX's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • SYNNEX's revenue is expected to grow by 2.9% 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 (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from SYNNEX Company Filings, last reported 1 month 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 9.12 9.38 8.85 2.00
2019-11-30 8.49 8.64 8.34 2.00
NYSE:SNX Past Financials Data
Date (Data in USD Millions) EPS *
2019-05-31 8.14
2019-02-28 8.19
2018-11-30 7.23
2018-08-31 6.97
2018-05-31 7.11
2018-02-28 6.59
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

*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 1/6, 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 exceeds its 5-year average (35.3% vs 15.4%)
  • SYNNEX's earnings growth has not exceeded the US Electronic industry average in the past year (35.3% vs 55.5%).
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 1 month 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
2019-05-31 21,624.47 380.86 1,605.69
2019-02-28 20,809.87 360.30 1,398.37
2018-11-30 20,053.76 297.86 1,209.47
2018-08-31 19,620.12 275.62 1,121.49
2018-05-31 18,990.19 281.46 1,076.49
2018-02-28 18,018.18 261.05 1,020.50
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

*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 2/6, 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 1 month ago.

NYSE:SNX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 3,537.05 3,521.61 271.49
2019-02-28 3,510.44 3,562.11 249.69
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
  • SYNNEX's level of debt (99.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (61.7% vs 99.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 6x 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
1.57%
Current annual income from SYNNEX dividends. Estimated to be 0% next year.
If you bought $2,000 of SYNNEX shares you are expected to receive $31 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 (1.43%).
  • SYNNEX's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
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 5 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
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 0.00 1.00
2019-11-30 0.00 1.00
NYSE:SNX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-03 1.500 1.547
2019-06-25 1.500 1.527
2019-01-10 1.500 1.541
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 5 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 (5.6x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of SYNNEX's dividends in 3 years as they are not expected to pay a notable one for United States of America.
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 2/6, 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 52
TENURE AS CEO 1.3 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, both up more than 20%.
  • Dennis's remuneration is about 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:

6.4
Average Tenure
53
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
52
TENURE
1.3 yrs

Marshall Witt

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
53
TENURE
6.3 yrs

Simon Leung

TITLE
Senior VP
COMPENSATION
$1M
AGE
53
TENURE
18.2 yrs

Chris Caldwell

TITLE
Executive Vice-President
COMPENSATION
$4M
AGE
46
TENURE
12.3 yrs

Peter Larocque

TITLE
President of North American Technology Solutions
COMPENSATION
$3M
AGE
57
TENURE
5.7 yrs

Mike Vaishnav

TITLE
Senior VP of Corporate Finance & Treasurer
TENURE
6.5 yrs

Mary Lai

TITLE
Head of Investor Relations

Scott Barker

TITLE
Senior Vice President of Wide Format Sales
TENURE
9.5 yrs

Michael Urban

TITLE
President of Worldwide Technology Solutions Distribution
TENURE
0.4 yrs

Phyllis Proffer

TITLE
Director of Investor Relations
Board of Directors Tenure

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

8.1
Average Tenure
68.5
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
55
TENURE
1.3 yrs

Dennis Polk

TITLE
President
COMPENSATION
$7M
AGE
52
TENURE
7.4 yrs

Matthew Miau

TITLE
Chairman Emeritus
COMPENSATION
$211K
AGE
72
TENURE
10.6 yrs

Greg Quesnel

TITLE
Independent Director
COMPENSATION
$231K
AGE
70
TENURE
13.8 yrs

Andrea Zulberti

TITLE
Director
COMPENSATION
$237K
AGE
67
TENURE
8.8 yrs

Tom Wurster

TITLE
Director
COMPENSATION
$224K
AGE
66
TENURE
7.4 yrs

Dwight Steffensen

TITLE
Lead Independent Director
COMPENSATION
$291K
AGE
75
TENURE
1.3 yrs

Fred Breidenbach

TITLE
Director
COMPENSATION
$211K
AGE
72
TENURE
16.4 yrs

Duane Zitzner

TITLE
Independent Director
COMPENSATION
$211K
AGE
71
TENURE
12.2 yrs

Hau Leung Lee

TITLE
Director
COMPENSATION
$211K
AGE
67
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • SYNNEX individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Jul 19 Sell Dwight Steffensen Individual 05. Jul 19 05. Jul 19 -366 $101.24 $-37,052
04. Apr 19 Sell Dwight Steffensen Individual 03. Apr 19 03. Apr 19 -1,295 $100.76 $-130,484
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
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

Is SYNNEX Corporation's (NYSE:SNX) P/E Ratio Really That Good?

We'll look at SYNNEX Corporation's (NYSE:SNX) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for SYNNEX: P/E of 11.79 = $96.06 ÷ $8.14 (Based on the trailing twelve months to May 2019.) Is A High P/E Ratio Good? … And as that P/E ratio drops, the company will look cheap, unless its share price increases.

Simply Wall St -

Here’s What SYNNEX Corporation’s (NYSE:SNX) Return On Capital Can Tell Us

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SYNNEX: 0.11 = US$737m ÷ (US$11b - US$4.5b) (Based on the trailing twelve months to May 2019.) So, SYNNEX has an ROCE of 11%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise. … What We Can Learn From SYNNEX's ROCE While its ROCE looks good, it's worth remembering that the current liabilities are making the business look better.

Simply Wall St -

Does SYNNEX's (NYSE:SNX) Share Price Gain of 40% Match Its Business Performance?

For example, the SYNNEX Corporation (NYSE:SNX) share price is 40% higher than it was five years ago, which is more than the market average. … During five years of share price growth, SYNNEX achieved compound earnings per share (EPS) growth of 14% per year. … This EPS growth is higher than the 6.9% average annual increase in the share price.

Simply Wall St -

How Many SYNNEX Corporation (NYSE:SNX) Shares Have Insiders Sold, In The Last Year?

So we'll take a look at whether insiders have been buying or selling shares in SYNNEX Corporation (NYSE:SNX). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for SYNNEX SYNNEX Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the Chairman of the Board, Kevin Murai, for US$474k worth of shares, at about US$78.52 per share. … Over the last year we saw more insider selling of SYNNEX shares, than buying.

Simply Wall St -

Is SYNNEX Corporation (NYSE:SNX) A Great Dividend Stock?

Conclusion To summarise, shareholders should always check that SYNNEX's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Next, earnings growth has been good, but unfortunately the company has not been paying dividends as long as we'd like. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

What Does SYNNEX Corporation's (NYSE:SNX) Balance Sheet Tell Us About It?

At the current liabilities level of US$3.9b, the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.66x. … We can check to see whether SNX is able to meet its debt obligations by looking at the net interest coverage ratio. … Next Steps: Although SNX’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Is SYNNEX Corporation's (NYSE:SNX) Balance Sheet Strong Enough To Weather A Storm?

Help shape the future of investing tools and you could win a $250 gift card! … Stocks with market capitalization between $2B and $10B, such as SYNNEX Corporation (NYSE:SNX) with a size of US$5.5b, do not attract as much attention from the investing community as do the small-caps and large-caps. … Today we will look at SNX’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.

Simply Wall St -

If You Like EPS Growth Then Check Out SYNNEX (NYSE:SNX) Before It's Too Late

How Quickly Is SYNNEX Increasing Earnings Per Share. … As one of my mentors once told me, share price follows earnings per share (EPS). … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand SYNNEX Corporation (NYSE:SNX)

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

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 -

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
$4,865,953,167
51,075,398
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
231,000
SYNNEX employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:58
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/07/03
Last earnings reported: 2019/05/31
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.