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37.41 (1y: +9%)
Market Cap 1.37 B P/E(ttm) 9.50
Enterprise Value 1.4 B P/B 1.00
SNX- NYSE (USA)
Synnex Corporation
  • Currently 3/5
Business Predictability Rank: 3-Star (On Watch)
Back Testing Results:
Average gain of all 3-Star stocks: 8.2% per year.
% of Stocks that are in still loss if held for 10yrs: 11%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$37.41
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry		 vs
history
Cash to Debt 0.653
SNX's Cash to Debt is ranked lower than
66% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 6.30 vs. SNX: 0.653 )
SNX' s 10-Year Cash to Debt Range
Min: 0.15   Max: 9.84
Current: 0.65
0.15
9.84
Equity to Asset 0.372
SNX's Equity to Asset is ranked higher than
52% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 0.37 vs. SNX: 0.372 )
SNX' s 10-Year Equity to Asset Range
Min: 0.25   Max: 0.37
Current: 0.37
0.25
0.37
Interest Coverage 11.1
SNX's Interest Coverage is ranked higher than
66% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 61.10 vs. SNX: 11.1 )
SNX' s 10-Year Interest Coverage Range
Min: 5   Max: 53
Current: 11.1
5
53
F-Score: 5
Z-Score: 5.44
M-Score: -2.54
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 2.50
SNX's Operating margin (%) is ranked lower than
65% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 6.70 vs. SNX: 2.50 )
SNX' s 10-Year Operating margin (%) Range
Min: 1.3   Max: 2.5
Current: 2.5
1.3
2.5
Net-margin (%) 1.5
SNX's Net-margin (%) is ranked lower than
65% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 4.40 vs. SNX: 1.5 )
SNX' s 10-Year Net-margin (%) Range
Min: 0.7   Max: 1.5
Current: 1.5
0.7
1.5
ROE (%) 11.5
SNX's ROE (%) is ranked higher than
70% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 8.80 vs. SNX: 11.5 )
SNX' s 10-Year ROE (%) Range
Min: 10   Max: 23.1
Current: 11.5
10
23.1
ROA (%) 5.1
SNX's ROA (%) is ranked higher than
65% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 4.00 vs. SNX: 5.1 )
SNX' s 10-Year ROA (%) Range
Min: 3.3   Max: 5.7
Current: 5.1
3.3
5.7
ROC (Joel Greenblatt) (%) 20.80
SNX's ROC (Joel Greenblatt) (%) is ranked higher than
64% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 20.00 vs. SNX: 20.80 )
SNX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 14.6   Max: 22.4
Current: 20.8
14.6
22.4
Revenue Growth (%) 4.6
SNX's Revenue Growth (%) is ranked higher than
79% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 3.10 vs. SNX: 4.6 )
SNX' s 10-Year Revenue Growth (%) Range
Min: 2   Max: 23.6
Current: 4.6
2
23.6
EBITDA Growth (%) 10.3
SNX's EBITDA Growth (%) is ranked higher than
91% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 0.30 vs. SNX: 10.3 )
SNX' s 10-Year EBITDA Growth (%) Range
Min: -1.8   Max: 23.6
Current: 10.3
-1.8
23.6
EPS Growth (%) 10.3
SNX's EPS Growth (%) is ranked higher than
91% of the 429 Companies
in the Global Business Services industry.

( Industry Median: -1.30 vs. SNX: 10.3 )
SNX' s 10-Year EPS Growth (%) Range
Min: -4.9   Max: 30.8
Current: 10.3
-4.9
30.8
ยป SNX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

SNX Guru Trades in Q2 2012

Jim Simons 29,300 sh (New)
Steven Cohen 13,000 sh (+128.07%)
Jeremy Grantham 15,900 sh (+112%)
Joel Greenblatt 110,417 sh (+67.79%)
Scott Black 200,908 sh (+29.48%)
Pioneer Investments 204,082 sh (+18.78%)
Paul Tudor Jones Sold Out
Ken Fisher 419,540 sh (-1.06%)
» More
Q3 2012

SNX Guru Trades in Q3 2012

Joel Greenblatt 145,375 sh (+31.66%)
Ken Fisher Sold Out
Jim Simons Sold Out
Scott Black 200,206 sh (-0.35%)
Steven Cohen 7,900 sh (-39.23%)
Pioneer Investments 103,215 sh (-49.42%)
Jeremy Grantham 8,000 sh (-49.69%)
» More
Q4 2012

SNX Guru Trades in Q4 2012

Paul Tudor Jones 15,300 sh (New)
Jim Simons 112,900 sh (New)
Joel Greenblatt 165,716 sh (+13.99%)
Jeremy Grantham 12,729 sh (unchged)
Pioneer Investments Sold Out
Steven Cohen Sold Out
Scott Black Sold Out
» More
Q1 2013

SNX Guru Trades in Q1 2013

Jim Simons 170,000 sh (+50.58%)
Joel Greenblatt 181,151 sh (+9.31%)
Jeremy Grantham Sold Out
Paul Tudor Jones 9,300 sh (-39.22%)
» More
» Details

Insider Trades

Latest Guru Trades with SNX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Scott Black 2012-12-31 Sold Out 0.97%$8.5 - $34.66 $ 37.7517%0
Joel Greenblatt 2012-09-30 Add 31.66%0.08%$32.45 - $35.79 $ 37.7510%145375
Scott Black 2012-06-30 Add 29.48%0.25%$32.03 - $38.78 $ 37.757%200908
Joel Greenblatt 2012-06-30 Add 67.79%0.11%$32.03 - $38.78 $ 37.757%110417
Joel Greenblatt 2012-03-31 New Buy0.22%$31.03 - $43.89 $ 37.754%65808
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 9.50
SNX's P/E(ttm) is ranked higher than
90% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 20.30 vs. SNX: 9.50 )
SNX' s 10-Year P/E(ttm) Range
Min: 3.74   Max: 16.51
Current: 9.5
3.74
16.51
P/B 1.00
SNX's P/B is ranked higher than
72% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.74 vs. SNX: 1.00 )
SNX' s 10-Year P/B Range
Min: 0.46   Max: 2.02
Current: 1
0.46
2.02
P/S 0.10
SNX's P/S is ranked higher than
97% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.00 vs. SNX: 0.10 )
SNX' s 10-Year P/S Range
Min: 0.04   Max: 0.15
Current: 0.1
0.04
0.15
PFCF 7.20
SNX's PFCF is ranked higher than
81% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 14.07 vs. SNX: 7.20 )
SNX' s 10-Year PFCF Range
Min: 2.96   Max: 2380
Current: 7.2
2.96
2380
EV-to-EBIT 5.7
SNX's EV-to-EBIT is ranked lower than
52% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 13.30 vs. SNX: 5.7 )
SNX' s 10-Year EV-to-EBIT Range
Min: 4.5   Max: 29.2
Current: 5.7
4.5
29.2
PEG 0.8
SNX's PEG is ranked higher than
98% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.80 vs. SNX: 0.8 )
SNX' s 10-Year PEG Range
Min: 0.22   Max: 0.8
Current: 0.8
0.22
0.8
Shiller P/E 10.8
SNX's Shiller P/E is ranked higher than
91% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 21.70 vs. SNX: 10.8 )
SNX' s 10-Year Shiller P/E Range
Min: 7.19   Max: 15.74
Current: 10.8
7.19
15.74

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 1
SNX's Price/Net Current Asset Value is ranked higher than
59% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 9.00 vs. SNX: 1 )
SNX' s 10-Year Price/Net Current Asset Value Range
Min: 0.4   Max: 1.2
Current: 1
0.4
1.2
Price/Tangible Book 1.3
SNX's Price/Tangible Book is ranked higher than
72% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 2.80 vs. SNX: 1.3 )
SNX' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 2
Current: 1.3
0.6
2
Price/DCF (Projected) 0.6
SNX's Price/DCF (Projected) is ranked higher than
77% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.15 vs. SNX: 0.6 )
SNX' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 3.1
Current: 0.6
0.7
3.1
Price/Median PS Value 1.3
SNX's Price/Median PS Value is ranked higher than
89% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 0.90 vs. SNX: 1.3 )
SNX' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.1
Current: 1.3
0.4
1.1
Price/Peter Lynch Fair Value 0.7
SNX's Price/Peter Lynch Fair Value is ranked lower than
64% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.70 vs. SNX: 0.7 )
SNX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.2   Max: 0.6
Current: 0.7
0.2
0.6
Price/Graham Number 0.7
SNX's Price/Graham Number is ranked higher than
77% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.80 vs. SNX: 0.7 )
SNX' s 10-Year Price/Graham Number Range
Min: 0.3   Max: 1.1
Current: 0.7
0.3
1.1
Earnings Yield (Greenblatt) 17.40
SNX's Earnings Yield (Greenblatt) is ranked lower than
76% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 7.70 vs. SNX: 17.40 )
SNX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.4   Max: 22.3
Current: 17.4
3.4
22.3
Forward Rate of Return (Yacktman) 18.18
SNX's Forward Rate of Return (Yacktman) is ranked higher than
85% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 7.50 vs. SNX: 18.18 )
SNX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.8   Max: 21.8
Current: 18.18
5.8
21.8

Business Description

Synnex Corporation was originally incorporated in the State of California as COMPAC Microelectronics, Inc. in November 1980, and the Company changed its name to SYNNEX Information Technologies, Inc. in February 1994. It later reincorporated in the State of Delaware under the name of SYNNEX Corporation in October 2003. SYNNEX Corporation together with its subsidiaries is a business process services company offering a comprehensive range of services to resellers, retailers, and original equipment manufacturers worldwide. Its primary business process services are wholesale distribution and business process outsourcing, or BPO. The Company operates in two segments: distribution services and global business services, or GBS. Distribution services segment provides value-added services and distributes IT systems, peripherals, system components, software, networking equipment, CE, and complementary products. It also provides contract assembly services within its distribution segment. GBS segment offers a range of BPO services to customers that include technical support, renewals management, lead management, direct sales, customer service, back office processing and information technology outsourcing, or ITO. The Company delivers these services through various methods including voice, chat, web, email, social media and digital print. Many of these services are delivered and supported on the proprietary software platforms it has developed to provide additional value to its customers. In its distribution segment, the Company purchase IT systems, peripherals, system components, software, networking equipment, CE and complementary products from its primary suppliers such as Hewlett-Packard Company, or HP, Microsoft, Panasonic, Lenovo and Seagate and sell them to its reseller and retail customers. Its reseller customers include value-added resellers, or VARs, corporate resellers, government resellers, system integrators, direct marketers, and national and regional retailers. The Company distribute more than 25,000 technology products from more than 200 IT and CE OEM suppliers to more than 20,000 resellers, system integrators, and retailers throughout the United States, Canada, Japan and Mexico. The Company offers its reseller customers a wide range of financing options, including net terms, third party leasing, floor plan financing, letters of credit backed financing and arrangements where it collects payments directly from the end-user. The Company offers its OEM suppliers a full range of marketing activities targeting resellers, system integrators and retailers including direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, database analysis, print on demand services and web-based marketing. The Company's competitors in IT product distribution include Arrow Electronics, Inc., Avnet, Inc., Ingram Micro, Inc., ScanSource, Inc., Tech Data Corporation and Westcon
Company Website
SEC Reports
Industry: Business Services
Compare:ADP, G, ENV, CMPGY, SGSOY
ยป More Articles for SNX

Headlines

Articles On GuruFocus.com
Synnex Corporation: 101 Consecutive Quarters of Profitability Nov 19 2012 
SYNNEX Corp. (SNX) COO Dennis Polk sells 3,000 Shares Mar 03 2011 
SYNNEX Corp. Reports Operating Results (10-K) Feb 14 2011 
SYNNEX Corp. (SNX) COO Dennis Polk sells 3,000 Shares Feb 03 2011 
SYNNEX Corp. (SNX) COO Dennis Polk sells 3,000 Shares Feb 01 2011 
Alcoa, Intel and Lemmings on Parade Jan 10 2011 
SYNNEX Corp. Reports Operating Results (10-Q) Oct 08 2010 
SYNNEX Corp. (SNX) COO Dennis Polk sells 2,500 Shares Oct 05 2010 
SYNNEX Corp. (SNX) COO Dennis Polk sells 3,500 Shares Oct 01 2010 
SYNNEX Corp. (SNX) COO Dennis Polk sells 6,500 Shares Sep 30 2010 

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