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TD Synnex Corp (SNX)

Fair Value
TechnologyElectronics & Computer DistributionUnited States

Fundamental

65

Price

$247.34

Market Cap

$20.04B

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.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$75.67B

Trailing 12 months (through 8/31/2026)

Net Income

$1.33B

Trailing 12 months (through 8/31/2026)

Free Cash Flow

$1.39B

Total Equity

$8.45B

Total Liabilities

$25.80B

Current Ratio

1.19

Interest Coverage

6.39

Debt/EBITDA

4.07

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

$225.45

Current Price

$247.34

Margin of Safety

-9.7%

Fair Value Range

$150.30 - $300.60

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

Estimation Methods

Analyst price target:$339.64
Discounted cash flow (DCF):$229.44
Earnings multiple (P/E):$217.39
Graham growth formula:$122.67
Earnings power value (EPV):$165.03
Justified P/B:$138.02
Dividend discount (Gordon):$22.23
P/FFO, funds from operations:$249.07
Mid-cycle earnings:$506.08
Revenue multiple:$5137.62
Last Earnings Surprise:+19.60%

Valuation Metrics

P/E Ratio

15.09

ROE

9.8%

P/B Ratio

2.12

P/FCF

14.42

Gross Margin

6.9%

ROIC

11.4%

Profitability Radar

Value Creation (Economic Moat)

ROIC

11.4%

WACC

10.0%

ROIC − WACC

+1.3 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (17)

  • EPS shows upward trend
  • EPS CAGR 8.65%
  • Price CAGR 15.86%
  • ROIC 11.4%
  • P/FCF 14.42
  • P/B ratio 2.12
  • Debt/equity ratio
  • Current ratio
  • Interest coverage
  • Debt/EBITDA
  • Return on tangible assets
  • ROE 14.9%
  • Revenue growth 5Y 20.4%
  • Earnings surprise, average 19.7%
  • Share dilution -4.0%
  • Net margin trend 1.8% vs 1.3%
  • Piotroski F-Score 6/9

Failed (7)

  • Gross margin 6.9%
  • Operating margin 2.7%
  • Positive free cash flow
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings quality (operating cash flow / net income) -0.47

Unavailable (3)

  • Dividend payout –
  • CapEx intensity
  • PEG ratio (needs P/E > 0 and growth > 0)

Piotroski F-Score

6/9

Mixed signals: some areas need attention

ROA > 0
Operating cash flow > 0
ΔROA > 0
Cash flow > net income
Leverage ↓
Current ratio ↑
No dilution
Gross margin ↑
Asset turnover ↑

Earnings Quality

-0.47

Low quality: investigate accounting

Share Dilution

-4.0%

Buying back shares. Shareholder friendly

Institutional Holdings

No institutional filings reported for this company.

Well-known investors who own TD Synnex Corp

Latest 13F: quarter ended 06/30/2026

InvestorWeight in their portfolioLast quarter
Glenn Greenberg · Brave Warrior Advisors8.4%-$431.0M
Joel Greenblatt · Gotham Asset Management0.2%-$4.3M
Ray Dalio · Bridgewater Associates0.1%-$19.4M

Source: 13F filings with the SEC. Long positions in US stocks only, filed up to 45 days late.

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

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 2026-10-01

    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

Part 2 · The price and its context

This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Market Reaction Profile

How much SNX moves, measured on its daily prices.

VolatilityMedium

More volatile than 57% of the tracked stocks (90-day volatility).

Volatility 30d
47.1%
Volatility 90d
38.9%
Beta vs S&P 500 (1y)
1.41Correlation 0.52
Max drawdown (12m)
-18.8%
ATR (14d, % of price)
4.01%

Earnings reactions

How SNX moved around its past quarterly results.

Next earnings release

No upcoming release on the calendar.

What usually happens

  • Over the last 12 releases the stock moved a median of 6.3% the next day, up or down.
  • Next-day moves: up 7, down 5 (out of 12).

Release history

DateWhen EPS est.EPS actualSurprise Gap 1 day5 days
Sep 24, 2026Before the openn/an/an/a-9.0% -9.9% -10.8%
Jun 25, 2026Before the openn/an/an/a0.0% -2.0% -7.7%
Mar 31, 2026Before the openn/an/an/a-1.4% +5.4% +22.1%
Jan 8, 2026Before the open3.773.83+1.7% +1.9% -2.3% -0.6%
Sep 25, 2025Before the openn/an/an/a-2.4% +6.2% +9.3%
Jun 24, 2025Before the openn/an/an/a+0.3% +7.3% +6.3%
Mar 27, 2025Before the openn/an/an/a-20.5% -14.3% -14.9%
Jan 10, 2025Before the openn/an/an/a+3.4% +9.8% +12.3%
Sep 26, 2024Before the openn/an/an/a0.0% +1.2% -0.6%
Jun 25, 2024Before the openn/an/an/a-6.9% -9.6% -11.9%
Mar 26, 2024Before the openn/an/an/a+0.7% +6.5% +10.4%
Jan 9, 2024Before the openn/an/an/a-3.3% +0.2% -1.2%

Release dates from SEC 8-K filings.

Updated 10/25/2026

Historical statistics for educational purposes only. They are not forecasts and not investment advice.

Latest News

Recent headlines for SNX.

  • 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.

    Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.

  • 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.

    +1 day
    +0.7%
    +3 days
    +0.1%

Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.