| Market cap | $9.35B |
|---|---|
| Enterprise value | $14.37B |
| Revenue | $56.405B |
|---|---|
| EBITDA | $1.683B |
| Income | $632.019M |
| Revenue Q/Q | -7.60% |
| Revenue Y/Y | -9.02% |
| P/E | 19.28 |
|---|---|
| Forward P/E | 10.03 |
| EV/Sales | 0.25 |
| EV/EBITDA | 8.54 |
| EV/EBIT | 13.32 |
| PEG | 0.78 |
| Price/Sales | 0.17 |
| P/FCF | 5.37 |
| Price/Book | 1.14 |
| Book/Share | 116.25 |
| Cash/Share | 14.69 |
| FCF yield | 18.62% |
| Volume | 921.975k / 511.250k |
|---|---|
| Relative vol. | 1.80 × |
| EPS | 6.89 |
|---|---|
| EPS Q/Q | 28.04% |
| Est. EPS Q/Q | 2.45% |
| Profit margin | 1.09% |
|---|---|
| Oper. margin | 1.92% |
| Gross margin | 6.87% |
| EBIT margin | 1.91% |
| EBITDA margin | 2.98% |
| Ret. on assets | 2.22% |
|---|---|
| Ret. on equity | 7.68% |
| ROIC | 3.65% |
| ROCE | 8.61% |
| Debt/Equity | 2.59 |
|---|---|
| Net debt/EBITDA | 7.19 |
| Current ratio | 1.22 |
| Quick ratio | 0.75 |
| Volatility | 1.55% |
|---|---|
| Beta | 0.72 |
| RSI | 68.97 |
|---|
| Insider ownership | 11.60% |
|---|---|
| Inst. ownership | 88.32% |
| Shares outst. | 89.100M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 2.31% |
| Short ratio | 4.06 |
| Dividend | $1.50 |
|---|---|
| Dividend yield | 1.14% |
| Payout ratio | 21.77% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 25 Jun 2024 |
Tuesday, 18 June 2024
|
|
| Corsair for Business Announces Partnership with TD SYNNEX | |
Sunday, 5 May 2024
|
|
| Tech Data Capital to Launch in Singapore, India, and Australia to Empower Partner Growth Through Flexible Financial Solutions | |
Friday, 12 April 2024
|
|
| Genco Shipping, TD Synnex, and More Stocks See Action From Activist Investors | |
Wednesday, 10 April 2024
|
|
| TD Synnex Corp's Dividend Analysis | |
Friday, 5 April 2024
|
|
| Decoding TD Synnex Corp : A Strategic SWOT Insight | |
Tuesday, 26 March 2024
|
|
| Q1 2024 TD Synnex Corp Earnings Call | |
Friday, 9 February 2024
|
|
| Green Plains, Tilly’s See Activist Investor Action | |
Tuesday, 6 February 2024
|
|
| TD SYNNEX appoints Miriam Murphy as leader of its business in Europe | |
Wednesday, 17 January 2024
|
|
| TD SYNNEX Adds 2000 Partners in Its Enablement Journey | |
Saturday, 13 January 2024
|
|
| TD SYNNEX Corporation Stock Goes Ex-Dividend In Just Four Days | |
Tuesday, 9 January 2024
|
|
| TD Synnex Corp Reports Fiscal 2023 Fourth Quarter and Full Year Results | |
| TD SYNNEX Reports Fiscal 2023 Fourth Quarter and Full Year Results | |
Thursday, 30 November 2023
|
|
| TD SYNNEX Appoints Patrick Zammit Chief Operating Officer | |
Tuesday, 10 October 2023
|
|
| TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase | |
Tuesday, 26 September 2023
|
|
| TD Synnex : A Modestly Undervalued Tech Giant? | |
| Spin.AI and TD SYNNEX Partner to Provide SaaS Security Solutions to Resellers and Customers | |
Thursday, 7 September 2023
|
|
| 10 Best Performing Small-cap ETFs in 2023 | |
Wednesday, 26 July 2023
|
|
| TD SYNNEX to Participate in the KeyBanc Technology Leadership Forum | |
Monday, 10 July 2023
|
|
| TD SYNNEX Achieves Silver EcoVadis Medal | |
Wednesday, 28 June 2023
|
|
| TD SYNNEX Recognized as Winner of 2023 Microsoft Operational Excellence Partner of the Year | |
Monday, 8 May 2023
|
|
| TD SYNNEX Corporation Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future? | |
Thursday, 9 March 2023
|
|
| TD SYNNEX Achieves AWS Premier Tier Services Partner Status in the AWS Partner Network | |
Tuesday, 21 February 2023
|
|
| Perimeter 81 Partners with TD SYNNEX to Expand Distribution of Award-Winning Platform | |
Monday, 13 February 2023
|
|
| TD SYNNEX Unveils First Corporate Citizenship Report | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Richard T Hume Chief Executive Officer | Sale 3 Jun 2024 | $1,301,600 |
| Richard T Hume Chief Executive Officer | Sale 1 May 2024 | $1,157,900 |
| Dennis Polk Head of Hyve Solutions | Option 8 Apr 2024 | $777,800 |
| Richard T Hume Chief Executive Officer | Sale 4 Mar 2024 | $1,055,700 |
| Richard T Hume Chief Executive Officer | Sale 20 Feb 2024 | $1,011,800 |
| Richard T Hume Chief Executive Officer | Sale 5 Feb 2024 | $1,003,000 |
| Michael Urban Americas President | Sale 23 Jan 2024 | $1,713,614 |
| Dennis Polk Head of Hyve Solutions | Sale 19 Jan 2024 | $738,010 |
| Michael Urban Americas President | Sale 19 Jan 2024 | $1,046,700 |
| Fred A Breidenbach Director | Sale 17 Jan 2024 | $398,795 |
| Michael Urban Americas President | Sale 17 Jan 2024 | $520,000 |
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Price target
Current $132.85
Average $166.29
Low $156
High $180
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +16.67% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.14% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 1.24% | Growth 3 years | +51.83% | |
| Last dividend | Yield 5 years | 0.98% | Growth 5 years | +0.00% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Richard T. Hume (61) CEO, Pres, and Director | 61 | $6,664,848 | |
| Dennis Polk (53) President, Chief Executive Officer, and Director since 2018 | 53 | 2018 | $6,203,000 |
| Dennis Polk (54) Exec. Chair, Integration Lead, and Head of Global Bus.es | 54 | $4,175,109 | |
| Michael Urban (55) President - Worldwide Technology Solutions Distribution since 2019 | 55 | 2019 | $4,028,370 |
| Peter Larocque (58) President of North American Technology Solutions since 2013 | 58 | 2013 | $3,441,360 |
| Patrick Zammit (54) Pres of EU and APAC | 54 | $2,787,448 | |
| Michael Urban (56) Pres of Americas | 56 | $2,484,519 | |
| Peter Larocque (59) Pres of North America Technology Solutions | 59 | $2,436,230 | |
| Marshall Witt (54) Chief Financial Officer since 2013 | 54 | 2013 | $1,936,170 |
| Marshall W. Witt (55) Chief Financial Officer | 55 | $1,633,952 | |
| Simon Leung (54) Senior Vice President, General Counsel, and Corporate Secretary since 2001 | 54 | 2001 | $1,092,570 |
| Simon Y. Leung (55) Chief Bus. Officer | 55 | $1,055,820 | |
| Kevin Murai (56) Chairman of the Board since 2018 | 56 | 2018 | $353,132 |
| Dwight Steffensen (76) Lead Independent Director since 2018 | 76 | 2018 | $316,328 |
| Andrea Zulberti (68) Independent Director since 2010 | 68 | 2010 | $262,328 |
| Gregory Quesnel (71) Independent Director since 2005 | 71 | 2005 | $256,328 |
| Thomas Wurster (67) Independent Director since 2012 | 67 | 2012 | $248,828 |
| Duane Zitzner (72) Independent Director since 2007 | 72 | 2007 | $236,328 |
| Ann Vezina (57) Independent Director since 2017 | 57 | 2017 | $236,328 |
| Hau Lee (67) Independent Director since 2012 | 67 | 2012 | $236,328 |
| Fred Breidenbach (73) Independent Director since 2003 | 73 | 2003 | $236,328 |
| Feng-Chiang Miau (74) Chairman Emeritus since 2008 | 74 | 2008 | $236,328 |
| Laurie Hodrick (57) Independent Director since 2019 | 57 | 2019 | $195,232 |
| Mary Lai | 2018 | ||
| David R. Vetter (61) Chief Legal Officer and Corp. Sec. | 61 | ||
| Liz Morali | |||
| Bonnie K. Smith |
welcome to synnex corporation (snx), a global leader in it distribution (technology solutions segment) and global business services (concentrix segment). founded in 1980, synnex is a $10.4 billion company with more than 53,000 associates worldwide and in 2014 was ranked no. 260 on the fortune 500 list. synnex partners with more than 300 world-leader technology manufacturers, helping them distribute their products through more than 20,000 value-added resellers primarily in north america. our focused channel categories include it systems, peripherals, system components, software, networking, and consumer electronics products. our vendor partners include hp, intel, panasonic, microsoft, lenovo, seagate, and many other world-class original equipment manufacturers. in addition to distribution, synnex provides business process outsourcing for technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and it outsourcing. synnex creates
- Industrials > Business Services
- TD Synnex Corp, 44201 Nobel Drive, Fremont 94538, United States
- 510 656 3333
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +16.67% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.14% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 1.24% | Growth 3 years | +51.83% | |
| Last dividend | Yield 5 years | 0.98% | Growth 5 years | +0.00% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $1,030.946 | $1,033.776 | |||
| Short term investments | |||||
| Net receivables | $9,817.713 | $11,262.148 | |||
| Inventory | $7,091.146 | $7,146.274 | |||
| Total current assets | $18,580.706 | $20,084.436 | |||
| Long term investments | |||||
| Property, plant & equipment | $459.093 | $450.024 | |||
| Goodwill & intangible assets | $8,064.669 | $8,148.484 | |||
| Total noncurrent assets | $9,219.323 | $9,328.378 | |||
| Total investments | |||||
| Total assets | $27,800.029 | $29,412.814 | |||
| Current liabilities | |||||
| Accounts payable | $12,372.749 | $13,347.281 | |||
| Deferred revenue | |||||
| Short long term debt | $926.739 | $983.585 | |||
| Total current liabilities | $15,254.932 | $16,738.762 | |||
| Long term debt | $3,082.367 | $3,099.193 | |||
| Total noncurrent liabilities | $4,442.922 | $4,490.87 | |||
| Total debt | $4,009.106 | $4,082.778 | |||
| Total liabilities | $19,697.854 | $21,229.632 | |||
| Stockholders' equity | |||||
| Retained earnings | $2,341.247 | $2,204.771 | |||
| Other stockholder equity | -$539.072 | -$507.248 | |||
| Total stockholder equity | $8,102.175 | $8,183.182 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1,033.776 | $522.604 | ||
| Short term investments | ||||
| Net receivables | $11,262.148 | $10,240.134 | ||
| Inventory | $7,146.274 | $9,066.62 | ||
| Total current assets | $20,084.436 | $20,500.865 | ||
| Long term investments | ||||
| Property, plant & equipment | $450.024 | $421.064 | ||
| Goodwill & intangible assets | $8,148.484 | $8,226.727 | ||
| Total noncurrent assets | $9,328.378 | $9,233.133 | ||
| Total investments | ||||
| Total assets | $29,412.814 | $29,733.998 | ||
| Current liabilities | ||||
| Accounts payable | $13,347.281 | $13,988.98 | ||
| Deferred revenue | ||||
| Short long term debt | $983.585 | $268.128 | ||
| Total current liabilities | $16,738.762 | $16,428.721 | ||
| Long term debt | $3,099.193 | $3,835.665 | ||
| Total noncurrent liabilities | $4,490.87 | $5,279.771 | ||
| Total debt | $4,082.778 | $4,103.793 | ||
| Total liabilities | $21,229.632 | $21,708.492 | ||
| Stockholders' equity | ||||
| Retained earnings | $2,204.771 | $1,708.234 | ||
| Other stockholder equity | -$507.248 | -$719.71 | ||
| Total stockholder equity | $8,183.182 | $8,025.506 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $13,975.253 | $14,407.306 | |||
| Cost of revenue | $12,969.487 | $13,388.727 | |||
| Gross profit | $1,005.766 | $1,018.579 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $671.545 | $685.187 | |||
| Total operating expenses | $703.194 | $731.825 | |||
| Operating income | $302.572 | $286.754 | |||
| Income from continuing operations | |||||
| EBIT | $299.688 | $293.239 | |||
| Income tax expense | $51.669 | $39.567 | |||
| Interest expense | $75.891 | $66.13 | |||
| Net income | |||||
| Net income | $172.128 | $187.542 | |||
| Income (for common shares) | $172.128 | $187.542 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $57,555.416 | $62,343.81 | ||
| Cost of revenue | $53,598.587 | $58,443.611 | ||
| Gross profit | $3,956.829 | $3,900.199 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $2,672.562 | $2,627.007 | ||
| Total operating expenses | $2,878.797 | $2,849.326 | ||
| Operating income | $1,078.032 | $1,050.873 | ||
| Income from continuing operations | ||||
| EBIT | $1,077.826 | $1,049.708 | ||
| Income tax expense | $162.597 | $175.823 | ||
| Interest expense | $288.318 | $222.578 | ||
| Net income | ||||
| Net income | $626.911 | $651.307 | ||
| Income (for common shares) | $626.911 | $651.307 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $172.128 | $187.542 | |||
| Operating activities | |||||
| Depreciation | $100.619 | $103.398 | |||
| Business acquisitions & disposals | -$28.443 | ||||
| Stock-based compensation | $17.49 | $21.259 | |||
| Total cash flows from operations | $384.709 | $210.668 | |||
| Investing activities | |||||
| Capital expenditures | -$41.088 | -$42.59 | |||
| Investments | |||||
| Total cash flows from investing | -$67.91 | -$43.254 | |||
| Financing activities | |||||
| Dividends paid | -$35.652 | -$31.469 | |||
| Sale and purchase of stock | -$201.296 | -$352.014 | |||
| Net borrowings | -$74.259 | $3.224 | |||
| Total cash flows from financing | -$311.207 | -$380.259 | |||
| Effect of exchange rate | -$8.422 | -$4.251 | |||
| Change in cash and equivalents | -$2.83 | -$217.096 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $626.911 | $651.307 | ||
| Operating activities | ||||
| Depreciation | $418.315 | $463.365 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $84.983 | $91.167 | ||
| Total cash flows from operations | $1,407.373 | -$49.604 | ||
| Investing activities | ||||
| Capital expenditures | -$150.007 | -$117.049 | ||
| Investments | ||||
| Total cash flows from investing | -$156.411 | -$115.508 | ||
| Financing activities | ||||
| Dividends paid | -$130.374 | -$114.946 | ||
| Sale and purchase of stock | -$630.739 | -$127.844 | ||
| Net borrowings | -$25.142 | -$32.136 | ||
| Total cash flows from financing | -$785.88 | -$275.591 | ||
| Effect of exchange rate | $45.838 | -$31.354 | ||
| Change in cash and equivalents | $510.92 | -$472.057 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Apollo Management L.P. |
-50.61%
|
17,384,299 | $1,966,164,217 |
| 2024 Q1 | Blackrock |
+16.00%
|
5,670,706 | $641,356,802 |
| 2024 Q1 | Lind Value Ii Aps |
Opened
|
688,398 | $77,857,814 |
| 2024 Q1 | Ninety One Uk Ltd |
Opened
|
593,813 | $67,160,251 |
| 2024 Q1 | Lord, Abbett & Co |
Opened
|
512,651 | $57,981 |
| 2024 Q1 | Qube Research & Technologies Ltd |
+1,469.41%
|
465,721 | $52,673,045 |
| 2024 Q1 | Nordea Investment Management Ab |
+38.48%
|
1,518,406 | $172,080,952 |
| 2024 Q1 | Anchor Capital Advisors |
Opened
|
393,604 | $44,516,580 |
| 2024 Q1 | Pacer Advisors |
+27.98%
|
1,709,803 | $193,378,719 |
| 2024 Q1 | Nomura Holdings Inc |
Opened
|
369,357 | $41,774,277 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Apollo Management L.P. | 19.51% | 17,384,299 | |
| Fmr | 7.65% | 6,817,409 | |
| Blackrock | 6.36% | 5,670,706 | |
| Vanguard Group Inc | 5.62% | 5,008,606 | |
| Abrams Bison Investments | 2.52% | 2,248,000 | |
| Dimensional Fund Advisors L.P. | 2.31% | 2,062,392 | |
| Pacer Advisors | 1.92% | 1,709,803 | |
| State Street Corp | 1.90% | 1,696,602 | |
| Nordea Investment Management Ab | 1.70% | 1,518,406 | |
| Lyrical Asset Management L.P. | 1.48% | 1,314,503 |
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