SNX Valuation

TD Synnex Corp

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148.070

-1.5(-1.003%)1D

Overview
Forecast
Valuation
Earnings

SNX Relative Valuation

SNX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, SNX is overvalued; if below, it's undervalued.

Historical Valuation

TD Synnex Corp (SNX) is now in the Fair zone, suggesting that its current forward PE ratio of 11.62 is considered Fairly compared with the five-year average of 10.23. The fair price of TD Synnex Corp (SNX) is between 117.05 to 168.74 according to relative valuation methord.

Relative Value

Fair Zone

117.05-168.74

Current Price：148.07

Fair

11.62

Trailing

Forward

8.58

EV/EBITDA

TD Synnex Corp. (SNX) has a current EV/EBITDA of 8.58. The 5-year average EV/EBITDA is 7.62. The thresholds are as follows: Strongly Undervalued below 4.04, Undervalued between 4.04 and 5.83, Fairly Valued between 9.41 and 5.83, Overvalued between 9.41 and 11.19, and Strongly Overvalued above 11.19. The current Forward EV/EBITDA of 8.58 falls within the Historic Trend Line -Fairly Valued range.

9.24

EV/EBIT

TD Synnex Corp. (SNX) has a current EV/EBIT of 9.24. The 5-year average EV/EBIT is 8.13. The thresholds are as follows: Strongly Undervalued below 4.99, Undervalued between 4.99 and 6.56, Fairly Valued between 9.70 and 6.56, Overvalued between 9.70 and 11.27, and Strongly Overvalued above 11.27. The current Forward EV/EBIT of 9.24 falls within the Historic Trend Line -Fairly Valued range.

0.20

TD Synnex Corp. (SNX) has a current PS of 0.20. The 5-year average PS is 0.18. The thresholds are as follows: Strongly Undervalued below 0.06, Undervalued between 0.06 and 0.12, Fairly Valued between 0.24 and 0.12, Overvalued between 0.24 and 0.30, and Strongly Overvalued above 0.30. The current Forward PS of 0.20 falls within the Historic Trend Line -Fairly Valued range.

9.98

P/OCF

TD Synnex Corp. (SNX) has a current P/OCF of 9.98. The 5-year average P/OCF is 7.08. The thresholds are as follows: Strongly Undervalued below -4.65, Undervalued between -4.65 and 1.22, Fairly Valued between 12.94 and 1.22, Overvalued between 12.94 and 18.81, and Strongly Overvalued above 18.81. The current Forward P/OCF of 9.98 falls within the Historic Trend Line -Fairly Valued range.

7.26

P/FCF

TD Synnex Corp. (SNX) has a current P/FCF of 7.26. The 5-year average P/FCF is 8.31. The thresholds are as follows: Strongly Undervalued below -7.79, Undervalued between -7.79 and 0.26, Fairly Valued between 16.36 and 0.26, Overvalued between 16.36 and 24.41, and Strongly Overvalued above 24.41. The current Forward P/FCF of 7.26 falls within the Historic Trend Line -Fairly Valued range.

TD Synnex Corp (SNX) has a current Price-to-Book (P/B) ratio of 1.45. Compared to its 3-year average P/B ratio of 1.19 , the current P/B ratio is approximately 21.97% higher. Relative to its 5-year average P/B ratio of 1.44, the current P/B ratio is about 0.81% higher. TD Synnex Corp (SNX) has a Forward Free Cash Flow (FCF) yield of approximately 4.95%. Compared to its 3-year average FCF yield of 8.02%, the current FCF yield is approximately -38.23% lower. Relative to its 5-year average FCF yield of 10.18% , the current FCF yield is about -51.32% lower.

1.45

P/B

Median3y

1.19

Median5y

1.44

4.95

FCF Yield

Median3y

8.02

Median5y

10.18

Competitors Valuation Multiple

The average P/S ratio for SNX's competitors is 0.42, providing a benchmark for relative valuation. TD Synnex Corp Corp (SNX) exhibits a P/S ratio of 0.20, which is -52.60% above the industry average. Given its robust revenue growth of 7.16%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Arrow Electronics Inc

Resideo Technologies Inc

Climb Global Solutions Inc

0.94

72.99%

570.50M

Performance Decomposition

Market capitalization of SNX increased by 23.72% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 1.03 to 1.24.

The secondary factor is the Revenue Growth, contributed 7.16%to the performance.

Overall, the performance of SNX in the past 1 year is driven by Margin Expansion. Which is more sustainable.

7.16%

13.95B → 14.95B

Revenue Growth

20.39%

1.03 → 1.24

Margin Expansion

-3.83%

18.00 → 17.31

P/E Change

23.72%