SN
TD Synnex Corp
SNX—
TD Synnex Corp AI Insights
Informational only. Not investment advice.Snapshot
- EPS growth 32% TTM vs industry median -0.7% - margin expansion in low-margin distribution model driving outsized earnings leverage[EPS Growth 1Y]
- Negative working capital engine: 15.7B A/P vs 10.9B A/R + 9.1B inventory TTM - suppliers finance operations[Accounts Payable]
- P/S 0.21x vs industry median 0.71x at 2.0x asset turnover TTM - valued at deep discount despite superior capital efficiency[P/S Ratio]
Watch Triggers
- Gross Margin TTM: Falls below 6.5% — At 1.3% net margin, 40bps gross margin compression eliminates 30% of net income
- Accounts Payable: Declines >10% without revenue drop — Signals supplier terms tightening - destroys working capital advantage
- EPS Growth 1Y: Turns negative — Invalidates operating leverage thesis - multiple compression risk
Bull Case
Capital-light model with 2.0x asset turnover TTM and 0.5x debt/equity generates 9.3% ROE despite 1.3% net margin - efficiency moat
Asset Turnover TTMROE TTMDebt to Equity
P/E 16.8x vs industry 21.9x with 32% EPS growth - trading at discount despite superior growth trajectory
P/E RatioEPS Growth 1Y
Bear Case
Gross margin 6.9% TTM vs industry 31% - razor-thin margins leave no buffer for pricing pressure or demand slowdown
Gross Margin TTM
Goodwill 4.1B is 49% of equity (8.5B) - tangible book only 462M creates impairment risk if distribution consolidates
GoodwillTangible Book Value
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
AI infrastructure buildout drives revenue acceleration while operating leverage expands margins
1-3ymed
- IT distribution benefits from enterprise AI hardware demand
- Fixed cost base amplifies margin on incremental revenue
- Working capital advantage funds growth without debt
Operating margin 2.2% TTM vs 2.1% median - room to expand32% EPS growth on stable revenue baseAsset turnover 2.0x vs 1.1x median
Valuation Context
Caveats
Public Strategies Rankings
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SNX Fundamentals
Wholesale Trade → Wholesale Trade Agents and Brokers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$12.29B | — | ||
$15.65B | — | ||
16 | — | ||
$60.97B | +6.9% | — | |
$9.25 | +5.4% | — | |
2.21% | -0.0% | — | |
1.27% | +0.1% | — | |
$480.22M | -31.2% | — | |
0.09 | +1.1% | — | |
Beta 5Y (Monthly) | unknown | — |
SNX Dividend History
43 dividends
2026
$0.480001/16/26$0.4800
2025
$1.760010/17/25$0.4400
07/11/25$0.4400
04/11/25$0.4400
01/24/25$0.4400
2024
$1.600010/11/24$0.4000
07/12/24$0.4000
04/11/24$0.4000
01/18/24$0.4000
2023
$1.400010/12/23$0.3500
07/13/23$0.3500
04/13/23$0.3500
01/19/23$0.3500
2022
$1.200010/13/22$0.3000
07/14/22$0.3000
04/07/22$0.3000
01/20/22$0.3000
2021
$0.800010/14/21$0.2000
07/15/21$0.2000
04/15/21$0.2000
01/21/21$0.2000
2020
$0.400001/23/20$0.4000
2019
$1.500010/10/19$0.3750
07/11/19$0.3750
04/11/19$0.3750
01/18/19$0.3750
2018
$1.400010/11/18$0.3500
07/12/18$0.3500
04/12/18$0.3500
01/18/18$0.3500
2017
$1.050010/12/17$0.3000
07/12/17$0.2500
04/11/17$0.2500
01/11/17$0.2500
2016
$0.850010/12/16$0.2500
07/13/16$0.2000
04/13/16$0.2000
01/14/16$0.2000
2015
$0.575010/14/15$0.2000
07/15/15$0.1250
04/15/15$0.1250
01/14/15$0.1250
2014
$0.125010/15/14$0.1250
SNX Stock Splits
No stock splits
SNX SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/01/25 | 08/31/25 | 10-Q | |
07/02/25 | 05/31/25 | 10-Q | |
04/02/25 | 02/28/25 | 10-Q | |
01/24/25 | 11/30/24 | Unknown | |
10/03/24 | 08/31/24 | 10-Q | |
07/03/24 | 05/31/24 | 10-Q | |
04/04/24 | 02/29/24 | 10-Q | |
01/26/24 | 11/30/23 | 10-K | |
10/03/23 | 08/31/23 | 10-Q | |
07/06/23 | 05/31/23 | 10-Q | |
04/05/23 | 02/28/23 | 10-Q | |
01/24/23 | 11/30/22 | 10-K | |
10/04/22 | 08/31/22 | 10-Q | |
07/07/22 | 05/31/22 | 10-Q | |
04/05/22 | 02/28/22 | 10-Q | |
01/28/22 | 11/30/21 | 10-K | |
10/05/21 | 08/31/21 | 10-Q | |
07/07/21 | 05/31/21 | 10-Q | |
04/08/21 | 02/28/21 | 10-Q | |
01/28/21 | 11/30/20 | 10-K | |
10/09/20 | 08/31/20 | 10-Q | |
07/09/20 | 05/31/20 | 10-Q | |
04/07/20 | 02/29/20 | 10-Q | |
01/29/20 | 11/30/19 | 10-K | |
10/04/19 | 08/31/19 | 10-Q | |
07/03/19 | 05/31/19 | 10-Q | |
04/09/19 | 02/28/19 | 10-Q | |
01/28/19 | 11/30/18 | 10-K | |
10/09/18 | 08/31/18 | 10-Q | |
07/06/18 | 05/31/18 | 10-Q | |
04/06/18 | 02/28/18 | 10-Q | |
01/29/18 | 11/30/17 | 10-K | |
10/03/17 | 08/31/17 | 10-Q | |
07/06/17 | 05/31/17 | 10-Q | |
04/04/17 | 02/28/17 | 10-Q | |
01/26/17 | 11/30/16 | 10-K | |
10/04/16 | 08/31/16 | 10-Q | |
07/05/16 | 05/31/16 | 10-Q | |
04/07/16 | 02/29/16 | 10-Q | |
01/28/16 | 11/30/15 | 10-K | |
10/05/15 | 08/31/15 | 10-Q | |
07/08/15 | 05/31/15 | 10-Q | |
04/07/15 | 02/28/15 | 10-Q | |
01/29/15 | 11/30/14 | 10-K | |
10/07/14 | 08/31/14 | 10-Q | |
07/08/14 | 05/31/14 | 10-Q | |
04/08/14 | 02/28/14 | 10-Q | |
01/27/14 | 11/30/13 | 10-K | |
10/08/13 | 08/31/13 | 10-Q | |
07/08/13 | 05/31/13 | 10-Q | |
04/04/13 | 02/28/13 | 10-Q | |
01/28/13 | 11/30/12 | 10-K | |
10/05/12 | 08/31/12 | 10-Q | |
07/06/12 | 05/31/12 | 10-Q | |
04/06/12 | 02/29/12 | 10-Q | |
01/27/12 | 11/30/11 | 10-K | |
10/07/11 | 08/31/11 | 10-Q | |
07/08/11 | 05/31/11 | 10-Q | |
04/08/11 | 02/28/11 | 10-Q | |
02/14/11 | 11/30/10 | 10-K | |
10/08/10 | 08/31/10 | 10-Q | |
07/09/10 | 05/31/10 | 10-Q | |
04/09/10 | 02/28/10 | 10-Q | |
02/05/10 | 11/30/09 | 10-K | |
10/07/09 | 08/30/09 | 10-Q | |
07/09/09 | 05/30/09 | 10-Q | |
04/09/09 | 02/28/09 | 10-Q | |
01/27/09 | 11/30/08 | 10-K | |
10/10/08 | 08/30/08 | Unknown | -- |
07/10/08 | 05/30/08 | Unknown | -- |
04/09/08 | 02/29/08 | 10-Q | |
02/13/08 | 11/30/07 | 10-K | |
10/10/07 | 08/30/07 | Unknown | -- |
07/10/07 | 05/30/07 | Unknown | -- |
04/09/07 | 02/28/07 | 10-Q | |
02/13/07 | 11/30/06 | 10-K | |
10/10/06 | 08/30/06 | Unknown | -- |
07/10/06 | 05/31/06 | 4 | |
04/10/06 | 02/28/06 | 10-Q | |
02/13/06 | 11/30/05 | 8-K | |
10/11/05 | 08/30/05 | Unknown | -- |
07/11/05 | 05/30/05 | Unknown | -- |
04/11/05 | 02/28/05 | 10-Q | |
02/14/05 | 11/30/04 | 10-K | |
10/14/04 | 08/30/04 | Unknown | -- |
07/13/04 | 05/30/04 | Unknown | -- |
04/13/04 | 02/29/04 | 10-Q | |
02/19/04 | 11/30/03 | 10-K | |
08/31/03 | 08/30/03 | Unknown | -- |
05/31/03 | 05/30/03 | Unknown | -- |
02/28/03 | 02/28/03 | Unknown | -- |