Company Valuation: Synnex (Thailand)

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30,929 13,897 8,813 13,049 8,431 8,092 - -
Change - -55.07% -36.59% 48.08% -35.39% -4.02% - -
Enterprise Value (EV) 1 33,573 18,929 14,728 20,111 15,669 15,152 15,211 8,092
Change - -43.62% -22.19% 36.55% -22.08% -3.3% 0.39% -46.8%
P/E 35.8x 17.1x 17x 20.8x 10.9x 9.91x 9.53x 9.12x
PBR 7.88x 3.39x 2.16x 2.93x 1.75x 1.54x 1.44x 1.34x
PEG - -2.91x -0.5x 1x 0.5x 1.67x 2.42x 2.01x
Capitalization / Revenue 0.83x 0.36x 0.24x 0.31x 0.18x 0.16x 0.16x 0.15x
EV / Revenue 0.91x 0.48x 0.4x 0.48x 0.33x 0.31x 0.29x 0.15x
EV / EBITDA 38.3x 21x 24.1x 27.6x 19.7x 16.3x 15.1x 7.99x
EV / EBIT 42.7x 22.1x 26.1x 29.7x 21.1x 18.8x 16.7x 8.55x
EV / FCF -73.6x -15.3x -220x -33.4x 44.1x 18.6x 36x 15.7x
FCF Yield -1.36% -6.55% -0.45% -3% 2.27% 5.39% 2.78% 6.38%
Dividend per Share 2 0.7 0.7 0.36 0.44 0.48 0.5 0.52 0.5375
Rate of return 1.92% 4.27% 3.46% 2.86% 4.82% 5.24% 5.45% 5.63%
EPS 2 1.02 0.96 0.61 0.74 0.91 0.964 1.002 1.048
Distribution rate 68.6% 72.9% 59% 59.5% 52.7% 51.9% 51.9% 51.3%
Net sales 1 37,085 39,061 36,534 41,904 47,393 49,118 51,794 54,467
EBITDA 1 876.8 900.2 611.8 729.9 793.4 931.2 1,005 1,013
EBIT 1 786.3 854.7 563.8 676.6 743.2 808.1 909 946.3
Net income 1 856.5 816.1 513.3 627.7 769.8 818.3 848.6 886.8
Net Debt 1 2,644 5,033 5,915 7,061 7,238 7,060 7,119 -
Reference price 2 36.500 16.400 10.400 15.400 9.950 9.550 9.550 9.550
Nbr of stocks (in thousands) 847,361 847,361 847,361 847,361 847,361 847,361 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/26/25 2/24/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.91x0.31x16.27x5.24% 240M
18.66x1.59x12.53x0.55% 290B
5.7x2.98x3.7x-.--% 181B
18.04x7.25x12.86x0.47% 143B
14.23x5.86x10.41x0.19% 129B
20.07x1.91x9.78x1% 75.25B
27.67x4.99x15.09x0.97% 42.32B
126.5x7.81x34.44x-.--% 41.1B
12.01x0.36x10.29x5.91% 38.08B
30.24x5.31x18.05x1.39% 37.87B
Average 28.30x 3.84x 14.34x 1.57% 97.84B
Weighted average by Cap. 20.80x 3.77x 11.61x 0.66%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Synnex (Thailand)

Historical PBR trend

Valuation ratios - PBR - Synnex (Thailand)

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Synnex (Thailand)

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Synnex (Thailand)


Year-on-year evolution of the Yield

Valuation ratios - Yield - Synnex (Thailand)
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