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Is this Large Market Cap Stock target price reasonable for SYNNEX Corp. (NYSE:SNX)?

The company in question is, SYNNEX Corp. (NYSE:SNX) currently with a stock price of 105.49 (-0.54% today). The market cap for SYNNEX Corp. is 4294.37, and is in the sector Services, and Business Services industry. The target price for SYNNEX Corp. is 112. Currently SYNNEX Corp. is trading with a P/E of 19.99, and a forward P/E of 14.2. Average volume for SYNNEX Corp. is 227.64 and so far today it is 70374.

Performance in the last year for SYNNEX Corp. has been 16.22%. For EPS growth, SYNNEX Corp. has seen a growth of 14.50%, and is looking to grow in the next year to 13.67%. More long term stats show that EPS growth has been 10.00% over the last five years and could be 11.90% for the next five years. SYNNEX Corp. has seen sales growth quarter over quarter at 10.10%, with EPS growth quarter over quarter at 21.30%. The 20-day simple moving average is -0.64%, with the 200-day simple moving average coming to 12.53%.

Since the IPO date for SYNNEX Corp. on the 11/25/2003, SYNNEX Corp. has seen performance year to date to be 19.02%. With SYNNEX Corp. trading at 105.49, the dividend yield is 0.94%, and the EPS is 5.31.

So could SYNNEX Corp., be undervalued? Well as said before P/E is 19.99. The PEG is 1.68, P/S is 0.31 and the P/B is at 2.17. The P/cash is 18.65, with P/free cash flow at 16.76.

SYNNEX Corp. ability to deal with debt shows that the current ratio is 1.7, and the quick ratio is 1. This is with long term debt/equity at 0.32, and total debt/equity at 0.42.

In terms of margins, SYNNEX Corp. has a gross margin of 8.90%, an operating margin of 2.40% and a profit margin of 1.40%.Payout ratio for SYNNEX Corp. is 16.20%. Return on assets come to 4.30% with return on investment coming to 9.30%.

Insider ownership for SYNNEX Corp., is at 1.70% and institutional ownership comes to 77.00%. Outstanding shares are at 40.49. While shares float is 28.65. The float short is currently 5.17%, and short ratio is 6.5.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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