Synnex Corp is UNDERVALUED at 100.58 per share with modest projections ahead.
Synnex Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.054, which indicates the firm had -0.054% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and
technical indicators. Synnex Corp exposes twenty-eight different
technical indicators, which can help you to evaluate volatility that cannot be
diversified away. Please be advised to validate Synnex Corp
risk adjusted performance of
(0.06), and Coefficient Of Variation of
(1,755) to confirm the risk estimate we provide.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Synnex income statement, its balance sheet, and the statement of cash flows. Potential Synnex investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Synnex investors may use each financial statement separately, they are all related. The changes in Synnex's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Synnex's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Synnex
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Synnex performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Synnex shares is the value that is considered the true value of the share. If
the intrinsic value of Synnex is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Synnex. Please read more on our
fundamental analysis page.
How effective is Synnex in utilizing its assets?
Synnex reports assets on its Balance Sheet. It represents the amount of Synnex resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, Synnex aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Electronic Equipment, Instruments & Components space. To get a better handle on how balance sheet or income statements item affect Synnex volatility, please check the breakdown of all its
fundamentals.
Are Synnex Earnings Expected to grow?
The
future earnings power of Synnex involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Synnex factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Synnex
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Synnex
expected earnings.
And What about dividends?
A dividend is the distribution of a portion of Synnex earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Synnex dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Synnex one year expected dividend income is about USD0.9 per share.
Dividends Paid is likely to drop to about 111.5
M in 2024.
Dividend Yield is likely to drop to 0.02 in 2024.
Investing in dividend-paying stocks, such as Synnex is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Synnex must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Synnex. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
Synnex Gross Profit
Synnex Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Synnex previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Synnex Gross Profit growth over the last 10 years. Please check Synnex's
gross profit and other
fundamental indicators for more details.
Breaking it down a bit more
Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of Synnex Corp is not uncomon. Institutional investors typically avoid acquiring a high percentage of Synnex Corp stocks because performing such an act may violate securities laws. They are usually not investing their own money, but rather making investments on behalf of their clients. Let's take a look at how the ownership of Synnex is distributed among investors.
Ownership Allocation
Synnex Corp maintains a total of 96.01 Million outstanding shares. The majority of Synnex Corp
outstanding shares are owned by
institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Synnex Corp to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Synnex Corp. Please pay attention to any change in the institutional holdings of Synnex Corp as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
| Insiders11.6% | Institutions88.32% |
| Retail Investors | 0.08 |
| Insiders | 11.6 |
| Institutions | 88.32 |
Is Synnex showing appearance of lower volatility?
The skewness is down to -0.41 as of today. Synnex Corp exhibits very low volatility with skewness of -0.41 and kurtosis of 0.92. However, we advise investors to further study Synnex Corp technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Synnex Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Synnex Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Final Takeaway
While few other entities in the electronics & computer distribution industry are either recovering or due for a correction, Synnex Corp may not be performing as strong as the other in terms of long-term growth potentials. While some investors may not share our view, we believe it may be a good time to increase your existing holdings in Synnex as the risk-reward trade off is appealing enough to hold a position. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Synnex Corp.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Synnex. Please refer to our
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