Synnex Corp

Find Ratings Reports
SNX : NYSE : Services
$126.52 | %
Today's Range: 125.44 - 127.58
Avg. Daily Volume: 219900.0
12/09/16 - 4:02 PM ET

Financial Analysis


SYNNEX CORP's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. SYNNEX CORP has weak liquidity. Currently, the Quick Ratio is 0.89 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 10.14% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)3669.813332.54
EBITDA ($mil)129.02110.06
EBIT ($mil)100.6483.32
Net Income ($mil)58.748.17


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)235.09378.37
Total Assets ($mil)4821.944214.52
Total Debt ($mil)808.42737.51
Equity ($mil)1926.751749.33


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin9.669.53
EBITDA Margin3.513.3
Operating Margin2.742.5
Sales Turnover2.853.23
Return on Assets4.394.82
Return on Equity10.9911.63
Debt Q3 FY16 Q3 FY15
Current Ratio1.711.96
Debt/Capital0.30.3
Interest Expense8.187.15
Interest Coverage12.3111.65


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)39.3639.06
Div / share0.20.13
EPS1.471.21
Book value / share48.9544.79
Institutional Own % n/a n/a
Avg Daily Volume222293.0236683.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 27.40 for the Electronic Equipment, Instruments & Components industry and a discount compared to the S&P 500 average of 25.45. For additional comparison, its price-to-book ratio of 2.51 indicates a discount versus the S&P 500 average of 2.82 and a discount versus the industry average of 2.85. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, SYNNEX CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
SNX 23.10 Peers 27.40   SNX 13.41 Peers 15.70

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

SNX is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

SNX is trading at a discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
SNX 16.40 Peers 20.15   SNX 0.92 Peers 1.17

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

SNX is trading at a valuation on par with its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

SNX trades at a discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SNX 2.51 Peers 2.85   SNX 3.91 Peers 11.12

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

SNX is trading at a discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, SNX is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
SNX 0.35 Peers 2.15   SNX 0.82 Peers 4.48

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

SNX is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

SNX significantly trails its peers on the basis of sales growth

 

 

Latest Stock Upgrades/Downgrades