SYNNEX (THAILAND) |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11 THB | -0.90% |
|
-0.90% | +5.77% |
| May. 31 | Synnex Public Company Limited Announces Chief Financial Officer Changes | CI |
| May. 14 | Synnex Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,355 | 12,710 | 30,929 | 13,897 | 8,813 | 9,575 | - | - |
| Enterprise Value (EV) 1 | 6,355 | 12,710 | 33,573 | 18,929 | 14,728 | 15,619 | 16,019 | 9,575 |
| P/E ratio | 11.7 x | 19.7 x | 35.8 x | 17.1 x | 17 x | 14.3 x | 12.1 x | 11.1 x |
| Yield | - | 3.6% | 1.92% | 4.27% | 3.46% | 4.39% | 5.24% | 5.41% |
| Capitalization / Revenue | 0.18 x | 0.4 x | 0.83 x | 0.36 x | 0.24 x | 0.24 x | 0.23 x | 0.22 x |
| EV / Revenue | 0.18 x | 0.4 x | 0.91 x | 0.48 x | 0.4 x | 0.4 x | 0.39 x | 0.22 x |
| EV / EBITDA | 10.9 x | 20.9 x | 38.3 x | 21 x | 24.1 x | 18 x | 16.2 x | 9.24 x |
| EV / FCF | - | 3.65 x | -73.6 x | -15.3 x | -220 x | 30.6 x | 27.4 x | 19.5 x |
| FCF Yield | - | 27.4% | -1.36% | -6.55% | -0.45% | 3.27% | 3.65% | 5.14% |
| Price to Book | - | - | 7.88 x | 3.39 x | 2.16 x | 2.13 x | 2.11 x | 1.87 x |
| Nbr of stocks (in thousands) | 847,361 | 847,361 | 847,361 | 847,361 | 847,361 | 847,361 | - | - |
| Reference price 2 | 7.500 | 15.00 | 36.50 | 16.40 | 10.40 | 11.00 | 11.00 | 11.00 |
| Announcement Date | 2/18/20 | 2/22/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 34,804 | 32,149 | 37,085 | 39,061 | 36,534 | 39,246 | 41,134 | 42,937 |
| EBITDA 1 | 582.7 | 608.4 | 876.8 | 900.2 | 611.8 | 867 | 986 | 1,036 |
| EBIT 1 | - | 557 | 786.3 | 854.7 | 563.8 | 751.7 | 858 | 901 |
| Operating Margin | - | 1.73% | 2.12% | 2.19% | 1.54% | 1.92% | 2.09% | 2.1% |
| Earnings before Tax (EBT) 1 | - | 770 | 1,048 | 1,007 | 646.5 | 786 | 932.3 | 1,014 |
| Net income 1 | 523.9 | 642 | 856.5 | 816.1 | 513.3 | 653.7 | 771 | 841 |
| Net margin | 1.51% | 2% | 2.31% | 2.09% | 1.41% | 1.67% | 1.87% | 1.96% |
| EPS 2 | 0.6400 | 0.7600 | 1.020 | 0.9600 | 0.6100 | 0.7700 | 0.9100 | 0.9950 |
| Free Cash Flow 1 | - | 3,484 | -455.9 | -1,241 | -66.93 | 510.4 | 584.2 | 491.9 |
| FCF margin | - | 10.84% | -1.23% | -3.18% | -0.18% | 1.3% | 1.42% | 1.15% |
| FCF Conversion (EBITDA) | - | 572.74% | - | - | - | 58.87% | 59.25% | 47.48% |
| FCF Conversion (Net income) | - | 542.79% | - | - | - | 78.08% | 75.78% | 58.49% |
| Dividend per Share 2 | - | 0.5400 | 0.7000 | 0.7000 | 0.3600 | 0.4833 | 0.5767 | 0.5950 |
| Announcement Date | 2/18/20 | 2/22/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,170 | 9,959 | 9,592 | 10,101 | 9,410 | 9,183 | 8,495 | 9,370 | 9,518 | 9,605 |
| EBITDA 1 | - | - | 202.1 | 243 | 227.5 | 157.7 | 103.2 | 184.3 | 198.9 | 191.9 |
| EBIT 1 | 221.2 | 215.2 | 190.7 | 231.7 | 216.4 | 146.7 | 91.47 | 171.5 | 186.3 | 178.2 |
| Operating Margin | 1.98% | 2.16% | 1.99% | 2.29% | 2.3% | 1.6% | 1.08% | 1.83% | 1.96% | 1.85% |
| Earnings before Tax (EBT) 1 | - | 505.5 | 235.9 | 261.1 | 236.5 | 161 | 122.9 | 176.8 | 185.8 | 189.4 |
| Net income 1 | 265.8 | 222.3 | 192.2 | 215.5 | 186.1 | 135.3 | 87.28 | 142.5 | 148 | 152 |
| Net margin | 2.38% | 2.23% | 2% | 2.13% | 1.98% | 1.47% | 1.03% | 1.52% | 1.55% | 1.58% |
| EPS 2 | 0.3200 | 0.2600 | 0.2200 | 0.2500 | 0.2200 | 0.1600 | 0.1000 | 0.1700 | 0.1800 | 0.1800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/6/22 | 8/8/22 | 11/10/22 | 2/23/23 | 4/15/23 | 8/11/23 | 11/13/23 | 2/22/24 | 5/14/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 2,644 | 5,033 | 5,915 | 6,044 | 6,444 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 3.016 x | 5.591 x | 9.668 x | 6.971 x | 6.535 x | - |
| Free Cash Flow 1 | - | 3,484 | -456 | -1,241 | -66.9 | 510 | 584 | 492 |
| ROE (net income / shareholders' equity) | 16.6% | 19.2% | 23.3% | 20.3% | 12.6% | 14.8% | 17% | 16.6% |
| ROA (Net income/ Total Assets) | - | 7.95% | 8.53% | 6.65% | 3.79% | 4.75% | 5.35% | 5.6% |
| Assets 1 | - | 8,075 | 10,043 | 12,266 | 13,531 | 13,761 | 14,411 | 15,018 |
| Book Value Per Share 2 | - | - | 4.630 | 4.840 | 4.810 | 5.160 | 5.210 | 5.900 |
| Cash Flow per Share 2 | - | - | - | 1.340 | 0.8900 | 0.7900 | 0.9800 | 1.070 |
| Capex 1 | - | 20.1 | 12.8 | 92.2 | 20.8 | 54 | 35 | 43.5 |
| Capex / Sales | - | 0.06% | 0.03% | 0.24% | 0.06% | 0.14% | 0.09% | 0.1% |
| Announcement Date | 2/18/20 | 2/22/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
11
THB
Average target price
13.2
THB
Spread / Average Target
+20.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.77% | 254M | |
| +78.46% | 93.8B | |
| +18.54% | 34.56B | |
| +5.27% | 23.33B | |
| +6.30% | 19.18B | |
| +3.66% | 17.99B | |
| +9.28% | 14.97B | |
| +3.98% | 11.69B | |
| +19.44% | 11.07B | |
| +15.62% | 10.12B |
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- SYNEX Stock
- Financials Synnex (Thailand)
