Is Synnex Stock a Good Investment?
Synnex Investment Advice | SNX |
- Examine Synnex's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Synnex's leadership team and their track record. Good management can help Synnex navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electronic Equipment, Instruments & Components space and any emerging trends that could impact Synnex's business and its evolving consumer preferences.
- Compare Synnex's performance and market position to its competitors. Analyze how Synnex is positioned in terms of product offerings, innovation, and market share.
- Check if Synnex pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Synnex's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Synnex stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Synnex is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Synnex Stock
Researching Synnex's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 88.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.2. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Synnex has Price/Earnings To Growth (PEG) ratio of 0.91. The entity recorded earning per share (EPS) of 7.71. The firm last dividend was issued on the 11th of October 2024. Synnex had 2:1 split on the 1st of December 2020.
To determine if Synnex is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Synnex's research are outlined below:
| Synnex generated a negative expected return over the last 90 days | |
| Synnex is unlikely to experience financial distress in the next 2 years | |
| Over 88.0% of the company shares are owned by institutional investors | |
| On 25th of October 2024 Synnex paid $ 0.4 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: OpenText Expands Partner Ecosystem access across Full OpenText Product Suite |
Synnex uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Synnex. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Synnex's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of March 2024 Upcoming Quarterly Report | View | |
| 25th of June 2024 Next Financial Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View | |
| 14th of January 2025 Next Fiscal Year End | View | |
| 30th of November 2023 Last Quarter Report | View | |
| 30th of November 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Synnex's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Synnex's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2004-09-29 | 2004-08-31 | 0.34 | 0.38 | 0.04 | 11 | ||
2006-09-21 | 2006-08-31 | 0.37 | 0.43 | 0.06 | 16 | ||
2009-03-26 | 2009-02-28 | 0.52 | 0.59 | 0.07 | 13 | ||
2008-09-25 | 2008-08-31 | 0.58 | 0.66 | 0.08 | 13 | ||
2008-01-10 | 2007-11-30 | 0.53 | 0.61 | 0.08 | 15 | ||
2010-01-05 | 2009-11-30 | 0.76 | 0.85 | 0.09 | 11 | ||
2009-06-30 | 2009-05-31 | 0.48 | 0.57 | 0.09 | 18 | ||
2012-03-27 | 2012-02-29 | 0.92 | 1.02 | 0.1 | 10 |
Know Synnex's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Synnex is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Synnex backward and forwards among themselves. Synnex's institutional investor refers to the entity that pools money to purchase Synnex's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ninety One Uk Limited | 2024-09-30 | 1.3 M | Geode Capital Management, Llc | 2024-06-30 | 1.3 M | Lyrical Asset Management Lp | 2024-06-30 | 1.3 M | Lsv Asset Management | 2024-09-30 | 1.2 M | Nordea Investment Mgmt Bank Demark A/s | 2024-09-30 | 1.1 M | Citadel Advisors Llc | 2024-06-30 | 1 M | Alliancebernstein L.p. | 2024-06-30 | 988 K | Norges Bank | 2024-06-30 | 984.4 K | River Road Asset Management, Llc | 2024-09-30 | 865.1 K | Blackrock Inc | 2024-06-30 | 8 M | Vanguard Group Inc | 2024-09-30 | 7.7 M |
Synnex's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 9.9 B.Market Cap |
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Synnex's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.05 | |
| Return On Capital Employed | 0.10 | 0.14 | |
| Return On Assets | 0.02 | 0.04 | |
| Return On Equity | 0.09 | 0.13 |
Determining Synnex's profitability involves analyzing its financial statements and using various financial metrics to determine if Synnex is a good buy. For example, gross profit margin measures Synnex's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Synnex's profitability and make more informed investment decisions.
Synnex's Earnings Breakdown by Geography
Please note, the imprecision that can be found in Synnex's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Synnex. Check Synnex's Beneish M Score to see the likelihood of Synnex's management manipulating its earnings.
Evaluate Synnex's management efficiency
Synnex has Return on Asset of 0.0276 % which means that on every $100 spent on assets, it made $0.0276 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0825 %, implying that it generated $0.0825 on every 100 dollars invested. Synnex's management efficiency ratios could be used to measure how well Synnex manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to 0.05 in 2024. Return On Capital Employed is likely to rise to 0.14 in 2024. At this time, Synnex's Asset Turnover is fairly stable compared to the past year.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 79.56 | 83.54 | |
| Tangible Book Value Per Share | 0.34 | 0.32 | |
| Enterprise Value Over EBITDA | 7.24 | 4.02 | |
| Price Book Value Ratio | 1.00 | 0.61 | |
| Enterprise Value Multiple | 7.24 | 4.02 | |
| Price Fair Value | 1.00 | 0.61 | |
| Enterprise Value | 215.9 M | 154.7 M |
Leadership effectiveness at Synnex is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Dividend Yield 0.0139 | Forward Dividend Yield 0.0139 | Forward Dividend Rate 1.6 | Beta 1.405 |
Basic technical analysis of Synnex Stock
As of the 19th of November, Synnex has the Risk Adjusted Performance of 0.0053, coefficient of variation of 626059.97, and Semi Deviation of 1.72. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Synnex, as well as the relationship between them.Synnex's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Synnex insiders, such as employees or executives, is commonly permitted as long as it does not rely on Synnex's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Synnex insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Synnex's Outstanding Corporate Bonds
Synnex issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Synnex uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Synnex bonds can be classified according to their maturity, which is the date when Synnex has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| SNV 5625 15 FEB 28 Corp BondUS87164DVJ61 | View | |
| SYNCHRONY FINL 45 Corp BondUS87165BAG86 | View | |
| SYNCHRONY FINL 395 Corp BondUS87165BAM54 | View | |
| SYNCHRONY FINL 37 Corp BondUS87165BAL71 | View | |
| SYF 4875 13 JUN 25 Corp BondUS87165BAS25 | View | |
| SYF 2875 28 OCT 31 Corp BondUS87165BAR42 | View | |
| SYF 725 02 FEB 33 Corp BondUS87165BAU70 | View | |
| SNX 265 09 AUG 31 Corp BondUS87162WAK62 | View |
Understand Synnex's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Synnex's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0053 | |||
| Market Risk Adjusted Performance | 0.0032 | |||
| Mean Deviation | 1.14 | |||
| Semi Deviation | 1.72 | |||
| Downside Deviation | 1.75 | |||
| Coefficient Of Variation | 626059.97 | |||
| Standard Deviation | 1.56 | |||
| Variance | 2.44 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 1.98 | |||
| Downside Variance | 3.06 | |||
| Semi Variance | 2.95 | |||
| Expected Short fall | (1.07) | |||
| Skewness | (0.37) | |||
| Kurtosis | 1.34 |
| Risk Adjusted Performance | 0.0053 | |||
| Market Risk Adjusted Performance | 0.0032 | |||
| Mean Deviation | 1.14 | |||
| Semi Deviation | 1.72 | |||
| Downside Deviation | 1.75 | |||
| Coefficient Of Variation | 626059.97 | |||
| Standard Deviation | 1.56 | |||
| Variance | 2.44 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 1.98 | |||
| Downside Variance | 3.06 | |||
| Semi Variance | 2.95 | |||
| Expected Short fall | (1.07) | |||
| Skewness | (0.37) | |||
| Kurtosis | 1.34 |
Consider Synnex's intraday indicators
Synnex intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Synnex stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Synnex Corporate Filings
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 7th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 3rd of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 30th of September 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Synnex Stock media impact
Far too much social signal, news, headlines, and media speculation about Synnex that are available to investors today. That information is available publicly through Synnex media outlets and privately through word of mouth or via Synnex internal channels. However, regardless of the origin, that massive amount of Synnex data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Synnex news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Synnex relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Synnex's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Synnex alpha.
Synnex Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Synnex can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Synnex Historical Investor Sentiment
Investor biases related to Synnex's public news can be used to forecast risks associated with an investment in Synnex. The trend in average sentiment can be used to explain how an investor holding Synnex can time the market purely based on public headlines and social activities around Synnex. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Synnex's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Synnex and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Synnex news discussions. The higher the estimate score, the more favorable the investor's outlook on Synnex.
Synnex Corporate Directors
| Merline Saintil | Independent Director | Profile | |
| Laurie Hodrick | Independent Director | Profile | |
| Gregory Quesnel | Independent Director | Profile | |
| Thomas Wurster | Independent Director | Profile |
Additional Tools for Synnex Stock Analysis
When running Synnex's price analysis, check to measure Synnex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.