Comparing TD SYNNEX (SNX) and Its Peers

TD SYNNEX (NYSE:SNX) is one of 377 publicly-traded companies in the “Electronic Equipment, Instruments & Components” industry, but how does it weigh in compared to its peers? We will compare TD SYNNEX to similar businesses based on the strength of its institutional ownership, earnings, analyst recommendations, valuation, profitability, dividends and risk.

Analyst Recommendations

This is a summary of current ratings and target prices for TD SYNNEX and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TD SYNNEX	0	1	7	1	3.00
TD SYNNEX Competitors	2055	7629	10462	667	2.47

TD SYNNEX currently has a consensus price target of $331.14, suggesting a potential upside of 36.42%. As a group, “Electronic Equipment, Instruments & Components” companies have a potential upside of 32.26%. Given TD SYNNEX’s stronger consensus rating and higher possible upside, analysts plainly believe TD SYNNEX is more favorable than its peers.

Profitability

This table compares TD SYNNEX and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
TD SYNNEX	1.75%	16.78%	3.98%
TD SYNNEX Competitors	-141.16%	-27.05%	-7.22%

Valuation and Earnings

This table compares TD SYNNEX and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
TD SYNNEX	$75.67 billion	$827.66 million	14.79
TD SYNNEX Competitors	$4.16 billion	$172.92 million	4.83

TD SYNNEX has higher revenue and earnings than its peers. TD SYNNEX is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Dividends

TD SYNNEX pays an annual dividend of $1.92 per share and has a dividend yield of 0.8%. TD SYNNEX pays out 11.7% of its earnings in the form of a dividend. As a group, “Electronic Equipment, Instruments & Components” companies pay a dividend yield of 1.9% and pay out 79.6% of their earnings in the form of a dividend. TD SYNNEX has increased its dividend for 5 consecutive years.

Insider and Institutional Ownership

84.0% of TD SYNNEX shares are held by institutional investors. Comparatively, 43.5% of shares of all “Electronic Equipment, Instruments & Components” companies are held by institutional investors. 0.7% of TD SYNNEX shares are held by company insiders. Comparatively, 16.1% of shares of all “Electronic Equipment, Instruments & Components” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Risk and Volatility

TD SYNNEX has a beta of 1.43, indicating that its share price is 43% more volatile than the S&P 500. Comparatively, TD SYNNEX’s peers have a beta of -0.30, indicating that their average share price is 130% less volatile than the S&P 500.

Summary

TD SYNNEX beats its peers on 13 of the 15 factors compared.

TD SYNNEX Company Profile

TD SYNNEX is a global distributor and solutions aggregator serving the information technology industry. The company connects technology vendors with channel partners, including resellers, systems integrators, managed service providers and retailers. Its offerings span hardware, software and services across areas such as cloud computing, cybersecurity, data center infrastructure, networking and end-user computing. TD SYNNEX also provides partners with services that can support technology deployment, integration and ongoing management.