Synnex Corporation

Company Profile

Synnex Corporation had its IPO on 2003-11-25 under the ticker symbol SNX.

The company operates in the Technology sector and Electronics & Computer Distribution industry. Synnex Corporation has a staff strength of 23,500 employees.

Stock update

Shares of Synnex Corporation opened at $99.12 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $98.98 - $100.37, and closed at $99.72.

This is a +0.55% increase from the previous day's closing price.

A total volume of 317,095 shares were traded at the close of the day’s session.

In the last one week, shares of Synnex Corporation have slipped by -3.1%.

Synnex Corporation's Key Ratios

Synnex Corporation has a market cap of $9.28 billion, indicating a price to book ratio of 1.2033 and a price to sales ratio of 0.1495.

In the last 12-months Synnex Corporation’s revenue was $60.79 billion with a gross profit of $4.00 billion and an EBITDA of $1.79 billion. The EBITDA ratio measures Synnex Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Synnex Corporation’s operating margin was 2.25% while its return on assets stood at 3.05% with a return of equity of 8.25%.

In Q1.6666666666667, Synnex Corporation’s quarterly earnings growth was a negative -8.7% while revenue growth was a negative 7.9%.

Synnex Corporation’s PE and PEG Ratio

Forward PE

7.764

Trailing PE

14.1054

PEG

0.7762

Its diluted EPS in the last 12-months stands at $7.02 per share while it has a forward price to earnings multiple of 7.764 and a PEG multiple of 0.7762. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Synnex Corporation’s profitability.

Synnex Corporation stock is trading at a EV to sales ratio of 0.2129 and a EV to EBITDA ratio of 9.7326. Its price to sales ratio in the trailing 12-months stood at 0.1495.

Synnex Corporation stock pays annual dividends of $1.35 per share, indicating a yield of 1.41% and a payout ratio of 11.7%.

Balance sheet and cash flow metrics

Total Assets

$27.98 billion

Total Liabilities

$14.41 billion

Operating Cash Flow

$-30331000.00

Capital Expenditure

$30.33 million

Dividend Payout Ratio

11.7%

Synnex Corporation ended 2024 with $27.98 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $27.98 billion while shareholder equity stood at $8.27 billion.

Synnex Corporation ended 2024 with $952.96 million in deferred long-term liabilities, $14.41 billion in other current liabilities, 99000.00 in common stock, $1.94 billion in retained earnings and $3.86 billion in goodwill. Its cash balance stood at $852.08 million and cash and short-term investments were $852.08 million. The company’s total short-term debt was $299,738,000 while long-term debt stood at $3.81 billion.

Synnex Corporation’s total current assets stands at $18.72 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $9.36 billion compared to accounts payable of $12.13 billion and inventory worth $7.80 billion.

In 2024, Synnex Corporation's operating cash flow was $-30331000.00 while its capital expenditure stood at $30.33 million.

Comparatively, Synnex Corporation paid $0.12 in dividends in 2024.

Other key metrics

Current Trading Price

$99.72

52-Week High

$110.3914

52-Week Low

$78.0319

Analyst Target Price

$109.27

Synnex Corporation stock is currently trading at $99.72 per share. It touched a 52-week high of $110.3914 and a 52-week low of $110.3914. Analysts tracking the stock have a 12-month average target price of $109.27.

Its 50-day moving average was $98.43 and 200-day moving average was $96.05 The short ratio stood at 3.58 indicating a short percent outstanding of 0%.

Around 1115.3% of the company’s stock are held by insiders while 8587.2% are held by institutions.