Smart-Core Holdings vs Synnex: Fair Value & Quality
Both stocks run through our valuation models. Here is how Smart-Core Holdings (2166) and Synnex (SNX) compare, as of Aug 17, 2026.
As of Aug 17, 2026, Fair Value Calculator sees Synnex as the more attractively valued of the two: Smart-Core Holdings trades at HK$4.43 versus a fair value of HK$3.39 (-23%), while Synnex trades at $259 versus $290 (+12%).
Smart-Core Holdings
2166.HK · HKD · Information Technology
-23%
upside to fair value
overvalued
PriceHK$4.43
Fair ValueHK$3.39
Quality60/100
Synnex
SNX · USD · Information Technology
+12%
upside to fair value
undervalued
Price$259
Fair Value$290
Quality61/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Smart-Core HoldingsSynnex
Valuation
14.2×P/E (TTM)18.0×
0.37×P/S (TTM)0.29×
2.29×P/B2.38×
13.3×EV/EBITDA9.6×
—PEG1.04×
3.4%Dividend yield0.8%
HK$0.17Dividend per share$1.88
Profitability
2%Net margin2%
3%Operating margin3%
16%Return on equity13%
5%Return on assets3%
Growth
87%Revenue growth (YoY)31%
-13.0%Avg. growth/yr (3Y)0.1%
3.5%Avg. growth/yr (5Y)25.6%
Balance & size
0.00×Debt / equity0.43×
$310MMarket cap$20B
expensiveGrowth qualityhealthy
Smart-Core Holdings leads: 9 to 4 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Smart-Core Holdingsof which business quality 56 · market factors 70Synnexof which business quality 59 · market factors 75
ProfitabilityMargins and returns on capital today
53
43
Quality GrowthAre margins and returns improving?
70
41
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
89
89
Low VolatilityCalm price path (market factor)
34
46
MomentumPrice trend over the last 3–12 months (market factor)
86
88
52W MomentumDistance to the 52-week high (market factor)
85
88
Net IssuanceBuybacks instead of dilution
91
100
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Smart-Core Holdings
DCF ModelsHK$5.76
Earnings-BasedHK$3.56
Dividend DiscountHK$1.67
MultiplesHK$6.23
Asset-BasedHK$1.45
Economic ProfitHK$3.29
Growth EarningsHK$7.34
7 of 16 models see the stock below the current price.
Synnex
DCF Models$353
Earnings-Based$140
Dividend Discount$32.21
Multiples$253
Asset-Based$70.81
Growth DCF$340
Economic Profit$149
Growth Earnings$237
12 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Smart-Core Holdings
Bear HK$2.38Fair Value HK$3.39Bull HK$5.95
HK$4.43 = current price (white tick)
Synnex
Bear $185Fair Value $290Bull $362
$259 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Smart-Core Holdings · Information Technology
Quality score60 · above median
Fair value upside-23% · above median
Synnex · Information Technology
Quality score61 · above median
Fair value upside+12% · above median
Bottom line
As of Aug 17, 2026, Fair Value Calculator sees Synnex as the more attractively valued of the two: Smart-Core Holdings trades at HK$4.43 versus a fair value of HK$3.39 (-23%), while Synnex trades at $259 versus $290 (+12%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
