Added to YB: 2024-12-20
Pitch date: 2024-11-04
SNX [bullish]
TD SYNNEX Corporation
+103.76%
current return
Author Info
No bio for this author
Company Info
TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem in the United States, Europe, and internationally.
Market Cap
$18.5B
Pitch Price
$113.25
Price Target
157.49 (-32%)
Dividend
0.83%
EV/EBITDA
10.23
P/E
19.22
EV/Sales
0.34
Sector
Electronic Equipment, Instruments and Components
Category
value
TD SYNNEX Corporation - $SNX
SNX: Largest IT distributor globally. Hyve ODM unit worth 25-35% of EV, growing mid-teens. IT hardware spend recovery imminent. 100% FCF return to shareholders, 8-9% buyback yield. 10x LTM P/E, 8-9x fwd earnings. High-teens IRR potential. 35% upside on SOTP. Catalysts: Hyve disclosure, potential spin-off/sale, IT hardware recovery.
Read full article (14 min)