Intrinsic value of SYNNEX - SNX

Previous Close

$106.71

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$106.71

 
Intrinsic value

$160.07

 
Up/down potential

+50%

 
Rating

str. buy

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of SNX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.43
  12.60
  11.84
  11.16
  10.54
  9.99
  9.49
  9.04
  8.64
  8.27
  7.94
  7.65
  7.38
  7.15
  6.93
  6.74
  6.56
  6.41
  6.27
  6.14
  6.03
  5.92
  5.83
  5.75
  5.67
  5.61
  5.55
  5.49
  5.44
  5.40
  5.36
Revenue, $m
  14,062
  15,834
  17,709
  19,684
  21,759
  23,932
  26,202
  28,571
  31,038
  33,605
  36,275
  39,050
  41,934
  44,931
  48,045
  51,283
  54,649
  58,151
  61,796
  65,591
  69,544
  73,663
  77,959
  82,441
  87,118
  92,002
  97,104
  102,436
  108,010
  113,841
  119,940
Variable operating expenses, $m
 
  15,258
  17,058
  18,956
  20,949
  23,036
  25,217
  27,492
  29,862
  32,328
  34,892
  37,509
  40,279
  43,158
  46,149
  49,259
  52,493
  55,857
  59,358
  63,003
  66,800
  70,757
  74,883
  79,188
  83,681
  88,372
  93,273
  98,394
  103,749
  109,349
  115,208
Fixed operating expenses, $m
 
  131
  134
  138
  141
  145
  148
  152
  156
  160
  164
  168
  172
  176
  181
  185
  190
  195
  200
  205
  210
  215
  220
  226
  232
  237
  243
  249
  256
  262
  268
Total operating expenses, $m
  13,682
  15,389
  17,192
  19,094
  21,090
  23,181
  25,365
  27,644
  30,018
  32,488
  35,056
  37,677
  40,451
  43,334
  46,330
  49,444
  52,683
  56,052
  59,558
  63,208
  67,010
  70,972
  75,103
  79,414
  83,913
  88,609
  93,516
  98,643
  104,005
  109,611
  115,476
Operating income, $m
  380
  445
  516
  590
  669
  751
  837
  927
  1,020
  1,117
  1,219
  1,373
  1,482
  1,596
  1,715
  1,838
  1,966
  2,100
  2,239
  2,383
  2,534
  2,691
  2,856
  3,027
  3,206
  3,393
  3,588
  3,792
  4,006
  4,230
  4,464
EBITDA, $m
  501
  557
  636
  718
  805
  896
  991
  1,090
  1,194
  1,302
  1,414
  1,530
  1,651
  1,778
  1,909
  2,045
  2,187
  2,334
  2,488
  2,648
  2,815
  2,989
  3,170
  3,359
  3,557
  3,764
  3,980
  4,205
  4,442
  4,689
  4,948
Interest expense (income), $m
  18
  21
  34
  47
  61
  76
  92
  108
  125
  143
  161
  180
  200
  221
  242
  265
  288
  312
  337
  363
  390
  419
  448
  479
  511
  544
  579
  616
  654
  694
  736
Earnings before tax, $m
  356
  424
  482
  543
  607
  675
  745
  818
  895
  975
  1,058
  1,193
  1,282
  1,376
  1,473
  1,573
  1,678
  1,788
  1,902
  2,020
  2,144
  2,273
  2,408
  2,548
  2,695
  2,848
  3,009
  3,176
  3,352
  3,536
  3,728
Tax expense, $m
  121
  114
  130
  147
  164
  182
  201
  221
  242
  263
  286
  322
  346
  371
  398
  425
  453
  483
  513
  545
  579
  614
  650
  688
  728
  769
  812
  858
  905
  955
  1,007
Net income, $m
  235
  309
  352
  396
  443
  492
  544
  597
  653
  712
  772
  871
  936
  1,004
  1,075
  1,149
  1,225
  1,305
  1,388
  1,475
  1,565
  1,659
  1,758
  1,860
  1,967
  2,079
  2,196
  2,319
  2,447
  2,581
  2,721

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  386
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,215
  5,437
  6,081
  6,760
  7,472
  8,218
  8,998
  9,811
  10,659
  11,540
  12,457
  13,410
  14,400
  15,429
  16,499
  17,611
  18,767
  19,970
  21,221
  22,524
  23,882
  25,296
  26,772
  28,311
  29,917
  31,594
  33,346
  35,177
  37,092
  39,094
  41,188
Adjusted assets (=assets-cash), $m
  4,829
  5,437
  6,081
  6,760
  7,472
  8,218
  8,998
  9,811
  10,659
  11,540
  12,457
  13,410
  14,400
  15,429
  16,499
  17,611
  18,767
  19,970
  21,221
  22,524
  23,882
  25,296
  26,772
  28,311
  29,917
  31,594
  33,346
  35,177
  37,092
  39,094
  41,188
Revenue / Adjusted assets
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
  2.912
Average production assets, $m
  358
  396
  443
  492
  544
  598
  655
  714
  776
  840
  907
  976
  1,048
  1,123
  1,201
  1,282
  1,366
  1,454
  1,545
  1,640
  1,739
  1,842
  1,949
  2,061
  2,178
  2,300
  2,428
  2,561
  2,700
  2,846
  2,999
Working capital, $m
  1,518
  1,678
  1,877
  2,087
  2,306
  2,537
  2,777
  3,029
  3,290
  3,562
  3,845
  4,139
  4,445
  4,763
  5,093
  5,436
  5,793
  6,164
  6,550
  6,953
  7,372
  7,808
  8,264
  8,739
  9,234
  9,752
  10,293
  10,858
  11,449
  12,067
  12,714
Total debt, $m
  964
  966
  1,349
  1,754
  2,178
  2,623
  3,088
  3,573
  4,078
  4,603
  5,149
  5,717
  6,308
  6,921
  7,558
  8,221
  8,910
  9,627
  10,373
  11,149
  11,959
  12,802
  13,681
  14,598
  15,555
  16,555
  17,599
  18,691
  19,832
  21,025
  22,273
Total liabilities, $m
  3,240
  3,241
  3,624
  4,029
  4,453
  4,898
  5,363
  5,848
  6,353
  6,878
  7,424
  7,992
  8,583
  9,196
  9,833
  10,496
  11,185
  11,902
  12,648
  13,424
  14,234
  15,077
  15,956
  16,873
  17,830
  18,830
  19,874
  20,966
  22,107
  23,300
  24,548
Total equity, $m
  1,976
  2,197
  2,457
  2,731
  3,019
  3,320
  3,635
  3,964
  4,306
  4,662
  5,033
  5,418
  5,818
  6,234
  6,666
  7,115
  7,582
  8,068
  8,573
  9,100
  9,648
  10,220
  10,816
  11,437
  12,086
  12,764
  13,472
  14,212
  14,985
  15,794
  16,640
Total liabilities and equity, $m
  5,216
  5,438
  6,081
  6,760
  7,472
  8,218
  8,998
  9,812
  10,659
  11,540
  12,457
  13,410
  14,401
  15,430
  16,499
  17,611
  18,767
  19,970
  21,221
  22,524
  23,882
  25,297
  26,772
  28,310
  29,916
  31,594
  33,346
  35,178
  37,092
  39,094
  41,188
Debt-to-equity ratio
  0.488
  0.440
  0.550
  0.640
  0.720
  0.790
  0.850
  0.900
  0.950
  0.990
  1.020
  1.060
  1.080
  1.110
  1.130
  1.160
  1.180
  1.190
  1.210
  1.230
  1.240
  1.250
  1.260
  1.280
  1.290
  1.300
  1.310
  1.320
  1.320
  1.330
  1.340
Adjusted equity ratio
  0.329
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  235
  309
  352
  396
  443
  492
  544
  597
  653
  712
  772
  871
  936
  1,004
  1,075
  1,149
  1,225
  1,305
  1,388
  1,475
  1,565
  1,659
  1,758
  1,860
  1,967
  2,079
  2,196
  2,319
  2,447
  2,581
  2,721
Depreciation, amort., depletion, $m
  121
  112
  120
  128
  136
  145
  154
  164
  174
  184
  195
  157
  169
  181
  194
  207
  220
  234
  249
  264
  280
  297
  314
  332
  351
  371
  392
  413
  436
  459
  484
Funds from operations, $m
  300
  422
  472
  524
  580
  638
  698
  761
  827
  896
  967
  1,028
  1,105
  1,185
  1,269
  1,355
  1,446
  1,540
  1,637
  1,739
  1,845
  1,956
  2,072
  2,193
  2,319
  2,450
  2,588
  2,732
  2,882
  3,040
  3,205
Change in working capital, $m
  -27
  188
  199
  209
  220
  230
  241
  251
  262
  272
  283
  294
  306
  318
  330
  343
  357
  371
  386
  402
  419
  437
  455
  475
  496
  518
  541
  565
  591
  618
  647
Cash from operations, $m
  327
  176
  273
  315
  360
  407
  457
  510
  566
  624
  684
  734
  799
  868
  939
  1,012
  1,089
  1,168
  1,251
  1,337
  1,426
  1,520
  1,617
  1,717
  1,823
  1,933
  2,047
  2,167
  2,292
  2,422
  2,559
Maintenance CAPEX, $m
  0
  -58
  -64
  -71
  -79
  -88
  -96
  -106
  -115
  -125
  -136
  -146
  -157
  -169
  -181
  -194
  -207
  -220
  -234
  -249
  -264
  -280
  -297
  -314
  -332
  -351
  -371
  -392
  -413
  -436
  -459
New CAPEX, $m
  -123
  -38
  -47
  -49
  -52
  -54
  -57
  -59
  -62
  -64
  -67
  -69
  -72
  -75
  -78
  -81
  -84
  -88
  -91
  -95
  -99
  -103
  -107
  -112
  -117
  -122
  -128
  -133
  -139
  -146
  -152
Cash from investing activities, $m
  -452
  -96
  -111
  -120
  -131
  -142
  -153
  -165
  -177
  -189
  -203
  -215
  -229
  -244
  -259
  -275
  -291
  -308
  -325
  -344
  -363
  -383
  -404
  -426
  -449
  -473
  -499
  -525
  -552
  -582
  -611
Free cash flow, $m
  -125
  80
  162
  194
  228
  265
  304
  345
  389
  434
  482
  518
  570
  624
  680
  738
  798
  860
  925
  993
  1,063
  1,136
  1,212
  1,291
  1,373
  1,459
  1,549
  1,642
  1,739
  1,841
  1,947
Issuance/(repayment) of debt, $m
  215
  365
  384
  404
  425
  445
  465
  485
  505
  525
  546
  568
  590
  613
  637
  663
  689
  717
  746
  777
  809
  843
  879
  917
  957
  1,000
  1,044
  1,091
  1,141
  1,193
  1,248
Issuance/(repurchase) of shares, $m
  -8
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  214
  365
  384
  404
  425
  445
  465
  485
  505
  525
  546
  568
  590
  613
  637
  663
  689
  717
  746
  777
  809
  843
  879
  917
  957
  1,000
  1,044
  1,091
  1,141
  1,193
  1,248
Total cash flow (excl. dividends), $m
  79
  444
  546
  598
  653
  710
  769
  830
  894
  960
  1,028
  1,086
  1,160
  1,237
  1,317
  1,400
  1,487
  1,577
  1,671
  1,770
  1,872
  1,979
  2,091
  2,208
  2,331
  2,459
  2,593
  2,733
  2,880
  3,034
  3,195
Retained Cash Flow (-), $m
  -177
  -244
  -260
  -274
  -288
  -301
  -315
  -329
  -342
  -356
  -370
  -385
  -400
  -416
  -432
  -449
  -467
  -486
  -506
  -526
  -548
  -572
  -596
  -622
  -649
  -678
  -708
  -740
  -773
  -809
  -846
Prev. year cash balance distribution, $m
 
  23
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  224
  286
  324
  365
  408
  454
  502
  551
  603
  658
  701
  760
  821
  885
  951
  1,020
  1,091
  1,166
  1,243
  1,324
  1,408
  1,495
  1,587
  1,682
  1,781
  1,885
  1,993
  2,107
  2,225
  2,349
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  214
  262
  282
  301
  317
  329
  339
  345
  347
  345
  333
  324
  312
  297
  279
  259
  237
  215
  191
  168
  146
  124
  104
  86
  69
  55
  43
  33
  24
  18
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

SYNNEX Corporation provides business process services to resellers, system integrators, retailers, and original equipment manufacturers in North and South America, the Asia-Pacific, Europe, and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that include outsourced fulfillment, virtual distribution, and direct ship to end-users; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, this segment offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and Web-based marketing. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services focused on customer engagement strategy, process optimization, technology innovation, front and back-office automation, and business transformation services. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.

FINANCIAL RATIOS  of  SYNNEX (SNX)

Valuation Ratios
P/E Ratio 17.9
Price to Sales 0.3
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 12.9
Price to Free Cash Flow 20.7
Growth Rates
Sales Growth Rate 5.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 23%
Cap. Spend. - 3 Yr. Gr. Rate 33.5%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 30.4%
Total Debt to Equity 48.8%
Interest Coverage 21
Management Effectiveness
Return On Assets 5.1%
Ret/ On Assets - 3 Yr. Avg. 4.9%
Return On Total Capital 8.6%
Ret/ On T. Cap. - 3 Yr. Avg. 8.3%
Return On Equity 12.5%
Return On Equity - 3 Yr. Avg. 12.1%
Asset Turnover 2.9
Profitability Ratios
Gross Margin 9.1%
Gross Margin - 3 Yr. Avg. 8.7%
EBITDA Margin 3.5%
EBITDA Margin - 3 Yr. Avg. 3.2%
Operating Margin 2.7%
Oper. Margin - 3 Yr. Avg. 2.5%
Pre-Tax Margin 2.5%
Pre-Tax Margin - 3 Yr. Avg. 2.3%
Net Profit Margin 1.7%
Net Profit Margin - 3 Yr. Avg. 1.5%
Effective Tax Rate 34%
Eff/ Tax Rate - 3 Yr. Avg. 35.6%
Payout Ratio 14.5%

SNX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SNX stock intrinsic value calculation we used $14062 million for the last fiscal year's total revenue generated by SYNNEX. The default revenue input number comes from 2016 income statement of SYNNEX. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SNX stock valuation model: a) initial revenue growth rate of 12.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for SNX is calculated based on our internal credit rating of SYNNEX, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of SYNNEX.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SNX stock the variable cost ratio is equal to 96.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $128 million in the base year in the intrinsic value calculation for SNX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for SYNNEX.

Corporate tax rate of 27% is the nominal tax rate for SYNNEX. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SNX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SNX are equal to 2.5%.

Life of production assets of 6.2 years is the average useful life of capital assets used in SYNNEX operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SNX is equal to 10.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1976 million for SYNNEX - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 40.2 million for SYNNEX is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of SYNNEX at the current share price and the inputted number of shares is $4.3 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
SCSC Scansource 38.50 36.71  hold
TECD Tech Data 93.00 228.07  str.buy
ARW Arrow Electron 70.87 99.53  buy
AVT Avnet 44.21 50.88  hold
XRX Xerox 6.92 10.60  buy
BSQR BSQUARE 5.25 32.22  str.buy
CVG Convergys 22.01 29.81  buy
PLUS ePlus 67.70 92.25  sell

COMPANY NEWS

▶ ETFs with exposure to SYNNEX Corp. : April 19, 2017   [Apr-19-17 02:36PM  Capital Cube]
▶ ETFs with exposure to SYNNEX Corp. : April 7, 2017   [Apr-07-17 05:30PM  Capital Cube]
▶ SYNNEX Offers Google's G Suite Productivity Suite   [Mar-30-17 04:01PM  PR Newswire]
▶ Synnex posts 1Q profit   [Mar-27-17 04:26PM  Associated Press]
▶ Concentrix Named to IAOP® Global Outsourcing 100®   [Feb-27-17 08:02AM  PR Newswire]
▶ Concentrix Named Trusted Bing Advisor   [Jan-17-17 02:22PM  PR Newswire]
▶ Concentrix Makes Further Investment in New Zealand   [Nov-01-16 07:01PM  GlobeNewswire]
▶ Hundreds of Austin call center workers shifting to new company   [Oct-24-16 05:14PM  at bizjournals.com]
▶ Concentrix Wins Best Outsourcing Thought Leadership Award   [Oct-11-16 04:40PM  GlobeNewswire]
▶ Concentrix Wins Three Brandon Hall Awards   [09:02AM  GlobeNewswire]
Stock chart of SNX Financial statements of SNX
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.