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Synnex Corporation (SNX) Fair Value & Analysis

Technology · US · Market cap $20.1B · ISIN US87162W1009

What is Synnex Corporation really worth?

SC Synnex Corporation logo Synnex Corporation SNX · US
Price$262.53
Fair Value$289.83
Upside+10.4%
Quality61/100

A solid business, trading 9% below our fair value of $289.83.

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Strengths

Healthy Growth (revenue 5y +25.6 %/yr)
Low debt · generates free cash flow

Risks

!Thin margins · 1.6% net margin
!Mixed vs. peers (7/15)
!Narrow moat 38/100
!Weak on dividend: 14 out of 100

For context

·0.72% dividend yield
Evidence: High Range $185.42 – $362.29

Fair value as of: Sep 5, 2026

From 26 valuation models · updated today

Share price −0.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range ($185.42 to $362.29) leaves room in how you read the outcome.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

$290.14 $77.15 Fair Value $289.83 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range $77.15 – $290.14 · fair‑value band $185.42 – $362.29 · the $262.53 price screens below the $289.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Synnex Corporation (SNX) currently trades at $262.53, while our model-based Fair Value estimate is $289.83, implying the stock looks roughly 9.4% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of $349.23 per share, and 14 of the 26 models we run sit above the $262.53 price. Bear case: the Dividend Discount group reads lowest at $29.47, and 12 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Synnex Corporation generated revenue of $65.1B at a net margin of 1.5%. Revenue grew 18.1% year over year. It earns a return on equity of 11.7%. Net debt stands at $2.2B. Fundamentals as of Sep 5, 2026

Our scenario range runs from $185.42 (bear case) to $362.29 (bull case); at $262.53, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 121% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −21% fair-value upside, at 10%, SNX screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 9 months have passed since. In that time the company retained roughly $9.23 per share, which is 3.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence $212.53 $402.82 $738.24 77
Growth DCF $210.29 $383.48 $679.70 75
Residual Income $92.18 $102.30 $164.81 75
All 26 models by family
DCF Models
FCF DCF best evidence $212.53 $402.82 $738.24 77
Owner Earnings $165.18 $315.78 $581.23 73
5Y Revenue Exit $167.22 $299.67 $479.26 71
5Y EBITDA Exit $253.52 $479.30 $765.69 73
5Y P/E Exit $194.99 $357.47 $544.14 69
10Y Revenue Exit $174.93 $306.64 $508.57 65
10Y EBITDA Exit $237.99 $438.99 $750.59 66
10Y P/E Exit $199.02 $349.23 $563.38 62
Earnings-Based
Graham-Dodd $70.39 $337.44 $464.47 64
Lynch FV $89.99 $128.56 $167.13 61
PEG = 1.0 $89.99 $128.56 $167.13 57
EPV $127.57 $151.24 $171.96 74
Dividend Discount
Gordon GGM $16.81 $34.95 $55.44 66
DDM Multi-Stage $16.81 $29.47 $36.68 66
Multiples
P/E Multiple $217.37 $289.83 $362.29 63
P/S Multiple $131.98 $175.97 $219.96 58
P/B Multiple $131.98 $175.97 $219.96 55
EV/EBIT $305.67 $412.38 $519.10 66
EV/EBITDA $295.57 $398.92 $502.26 67
EV/Revenue $147.38 $216.74 $286.11 53
Asset-Based
NCAV (Graham) $52.84 $70.81 $105.68 54
Growth DCF
Growth DCF $210.29 $383.48 $679.70 75
Rev-Margin DCF $167.22 $296.82 $466.13 71
Economic Profit
Residual Income $92.18 $102.30 $164.81 75
ROIC Compounder $138.30 $195.69 $267.39 71
Growth Earnings
Growth-Adj P/E $166.11 $237.29 $308.48 67

Widest divergence: DCF Models ($349.23) versus Dividend Discount ($29.47). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 18.8
P/S ratio 0.25 P/E × margin
EPS (TTM) $13.96 price ÷ EPS = P/E 18.8
Dividend yield 0.7% payout 13.5%
Net margin 1.3% FY2025
Return on equity 13.1% TTM
More key figures
Profitability
Return on assets (EBIT) 3.7% avg 5y
Operating margin 2.7% TTM
Growth
Revenue (TTM) $69.8B TTM
Revenue growth (YoY) +31.0% 3y avg +0.1%
EPS growth (YoY) +87.9%
Balance sheet & cash flow
Free cash flow $1.4B FY2025
Net debt $2.2B FY2025 · ≈ 1.6 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 73

Profitability 43
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem in the United States, Europe, and internationally.

Full company description

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 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Synnex Corporation reported revenue of $62.5B in FY2025 versus $31.6B in FY2021, a compound +18.6%/yr. Reported net income was $828M in FY2025, compounding +20.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$62.5B
Latest YoY
+6.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.6%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+1.1% (0.4 + 0.7)
Revenue +18.6%/yr
FY21 $31.6B
FY22 $62.3B
FY23 $57.6B
FY24 $58.5B
FY25 $62.5B
Net income +20.3%/yr
FY21 $395M
FY22 $651M
FY23 $627M
FY24 $689M
FY25 $828M
Character of growth · EPS growth decomposed (2014-2025) +5.0 % p.a.
Revenue per share +7.7 %

of which total revenue +17.7 % · buybacks/dilution −8.5 %

EBIT margin −2.8 %
Tax rate +3.8 %
Residual (interest, one-offs) −3.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Synnex Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SNX

Peer Group

Electronics & Computer Distribution · 153 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Above median
Fair Value upside +10% · Above median
Return on equity (TTM) 13% · Above median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 31% · Above median
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 0.43× · Higher than 75% of peers

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 18.8× · Pricier than median
P/B 2.38× · Pricier than median
P/S (TTM) 0.29× · Cheaper than median
P/FCF 14.5× · Pricier than 75% of peers
EV/EBITDA 9.6× · Pricier than median
PEG 1.04× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE47 · sector 29
FUTURE100 · sector 63
PAST53 · sector 36
HEALTH79 · sector 98
DIVIDEND14 · sector 51

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

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Nanjing Sunlord Electronics Corporation 300975 ¥25.02 ¥12.34 −51%
Shenzhen Huaqiang Industry Co 000062 ¥22.20 ¥7.52 −66%
Insight Enterprises, Inc NSIT $150.63 $118.72 −21%
Shenzhen H&T Intelligent Control Co. 002402 ¥18.95 ¥20.12 +6%
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Frequently asked questions

Is Synnex Corporation (SNX) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of $289.83 versus a price of $262.53, about +10% upside (undervalued).
What is the fair value of SNX?
Our model-based fair value for Synnex Corporation is $289.83 (as of Sep 5, 2026), built from audited fundamentals. The current price: $262.53.
What is the quality score of SNX?
Synnex Corporation has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Synnex Corporation (SNX)?
Synnex Corporation reported trailing-twelve-month revenue of about $65.1B (latest available figure, as of Sep 5, 2026).
What is the net profit margin of SNX?
The net profit margin of Synnex Corporation is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.
Does Synnex Corporation pay a dividend?
Synnex Corporation currently shows a dividend yield of about 0.72% relative to its recent price (as of Sep 5, 2026).
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