Added to YB: 2025-01-07
Pitch date: 2025-01-06
SNX [bullish]
TD SYNNEX Corporation
+36.58%
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
$13.0B
Pitch Price
$118.10
Price Target
N/A
Dividend
1.19%
EV/EBITDA
7.93
P/E
16.23
EV/Sales
0.25
Sector
Electronic Equipment, Instruments and Components
Category
value
TD Synnex: Unlocking Value Through Hyve and Strategic Buybacks
SNX: 8.6% FY25e eFCF yield, 7.7x PE. >90% eFCF to buybacks, could reduce float 50% in 5yrs. Top-line growth rebounding. Hyve (ODM) worth 30% EV, 15% EBIT. Mispriced due to temp margin depression from new customer. 15-20% IRR potential over 5-10yrs, even without Hyve monetization.
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