Back to rankings

TD Synnex Corp (SNX)

Fair Value
TechnologyElectronics & Computer DistributionUnited States

Fundamental

63

Price

$256.85

Market Cap

$20.30B

Part 1 · What the company is worth

Overview

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem in the United States, Europe, and internationally. It offers endpoint solutions, including personal computing devices and peripherals, mobile phones and accessories, printers, and supplies; and advanced solutions comprising data center technologies, such as hybrid cloud, security, storage, networking, servers, software, converged and hyper-converged infrastructure, and hyperscale infrastructure. The company also provides design, integration, test and other production value-added solutions, such as thermal testing, power-draw efficiency testing, burn-in, quality, and logistics support; logistics and field services; depot repair and customer management services; and cloud services, including public cloud solutions in productivity and collaboration, infrastructure as a service, platform as a service, software as a service, security, mobility, AI, and other hybrid solutions. In addition, it offers online services; financing options, including net terms, third party leasing, floor plan financing and letters-of-credit backed financing and arrangements, as well lease products to reseller customers and their end-users and provides device-as-a-service to end-users; and marketing services comprising direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company has strategic alliance with EigenQ, Inc. to help public-sector, defense, critical infrastructure and enterprise customers assess and prepare AMD EPYC™ processor-based server environments for the post-quantum security transition. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$69.77B

Trailing 12 months (through 5/31/2026)

Net Income

$1.14B

Trailing 12 months (through 5/31/2026)

Free Cash Flow

$1.39B

Total Equity

$8.45B

Total Liabilities

$25.80B

Current Ratio

1.20

Interest Coverage

3.97

Debt/EBITDA

3.20

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseFairly Valued

Fair Value

$246.94

Current Price

$256.85

Margin of Safety

-4.0%

Fair Value Range

$173.86 - $320.02

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$339.64
Discounted cash flow (DCF):$228.64
Earnings multiple (P/E):$217.53
Graham growth formula:$122.75
Earnings power value (EPV):$143.52
Justified P/B:$114.89
Dividend discount (Gordon):$22.19
P/FFO, funds from operations:$248.50
Mid-cycle earnings:$493.78
Revenue multiple:$4464.92
Analyst Consensus:Strong Buy (14B / 3H / 0S)
Last Earnings Surprise:+19.60%

Valuation Metrics

P/E Ratio

18.41

ROE

9.8%

P/B Ratio

2.29

P/FCF

54.83

Gross Margin

7.0%

ROIC

10.2%

Profitability Radar

Value Creation (Economic Moat)

ROIC

10.2%

WACC

10.7%

ROIC − WACC

-0.5 pp

ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.

Fundamental Analysis Criteria

Passed (18)

  • EPS shows upward trend
  • EPS CAGR 8.65%
  • Price CAGR 16.10%
  • ROIC 10.2%
  • P/B Ratio 2.29
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 13.1%
  • Revenue Growth 5Y 20.4%
  • Analyst Consensus 82% Buy
  • Earnings Surprise avg 19.7%
  • Share Dilution -4.0%
  • Net Margin Trend 1.6% vs 1.2%
  • Piotroski F-Score 6/9

Failed (8)

  • Gross Margin 7.0%
  • P/FCF 54.83
  • Operating Margin 2.6%
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Quality (OCF/NI) 0.48

Unavailable (2)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

6/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

0.48

Low quality: investigate accounting

Share Dilution

-4.0%

Buying back shares. Shareholder friendly

Institutional Holdings

No institutional filings reported for this company.

Governance

Executive Team

NameTitleAge
Mr. Patrick ZammitCEO, President & Director58
Mr. David JordanCFO & EVP37
Mr. David R. Vetter J.D.Chief Legal Officer & Corporate Secretary65
Mr. Dennis J. PolkHyve Solutions Chair & Executive Director58
Ms. Miriam MurphyPresident of Europe55
Mr. John HenrySenior VP & Chief Accounting Officer49
Mr. Sergio FaracheChief Strategy and Technology Officer-
Ms. Kristie GrinnellExecutive VP & Chief Information Officer-
Nate FriedelHead of Investor Relations-
Mr. Alim DhanjiExecutive VP of Corporate Affairs & Chief Human Resources Officer47

Audit Risk

2

Board Risk

3

Compensation Risk

4

Shareholder Rights Risk

5

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-01-27

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-07-02

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-09-30

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for SNX, sourced from Markets Gazette.

  • 6/24/2026NEGATIVE
    Synthetix Founder Takes Blame For sUSD Problems As Protocol Eyes Basis-Vault Fix

    Kain Warwick, founder of the decentralized finance protocol Synthetix, has admitted to mismanagement issues contributing to problems with its stablecoin, sUSD. The protocol is reportedly working on a fix for its Basis-Vault mechanism. This admission of mismanagement and ongoing technical issues with a core product like a stablecoin could erode investor confidence and potentially lead to a decrease in the value of Synthetix's native token, SNX, as users and developers seek more stable and reliable platforms.

  • 6/12/2026POSITIVE
    TD Synnex To Rally More Than 8%? Here Are 10 Top Analyst Forecasts For Friday

    TD Synnex Corporation (SNX) is poised for a potential rally of over 8%, according to recent analyst forecasts. While the article mentions changes for several Wall Street names, SNX is highlighted as a key stock with significant analyst attention. This positive outlook suggests that analysts have identified catalysts or fundamental improvements that could drive the stock's performance higher. Investors should monitor SNX for potential upward price movement based on these updated analyst expectations.

via Markets Gazette