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Synnex Technology International Corporation (2347) Fair Value & Analysis

Technology · TW · Market cap 142B TWD

ST Synnex Technology International Corporation 2347 · TW
Price93.40 TWD
Fair Value86.30 TWD
Upside-7.6%
Quality59/100
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Mixed Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
4.81% dividend yield
Ranks above peers (10/15)
Narrow moat 38/100
Evidence: High Range 64.73 TWD – 107.88 TWD Share as image

Fair value as of: Jul 18, 2026

From 25 valuation models · updated 23 days ago

Share price +10.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 64.73 TWD (bear) to 107.88 TWD (bull), base 86.30 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

97.10 TWD 34.99 TWD Fair Value 86.30 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 34.99 TWD – 97.10 TWD · fair‑value band 64.73 TWD – 107.88 TWD · the 93.40 TWD price screens above the 86.30 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Synnex Technology International Corporation (2347) currently trades at 93.40 TWD, while our model-based Fair Value estimate is 86.30 TWD, implying the stock looks roughly 7.6% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Synnex Technology International Corporation generated revenue of 446B TWD at a net margin of 2.2%. Revenue grew 38.3% year over year. It earns a return on equity of 12.9%. Net debt stands at 52.2B TWD. Fundamentals as of Jul 18, 2026

Our scenario range runs from 64.73 TWD (bear case) to 107.88 TWD (bull case); at 93.40 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -8%, 2347 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 82.43 TWD 114.19 TWD 158.39 TWD 80
Residual Income 43.21 TWD 48.22 TWD 70.14 TWD 76
Rev-Margin DCF 63.03 TWD 89.45 TWD 118.81 TWD 74
All 25 models by family
DCF Models
FCF DCF 80.67 TWD 115.53 TWD 166.58 TWD 38
Owner Earnings 65.08 TWD 92.34 TWD 132.27 TWD 31
5Y Revenue Exit 63.03 TWD 88.64 TWD 120.17 TWD 39
5Y EBITDA Exit 65.01 TWD 92.23 TWD 122.73 TWD 41
5Y P/E Exit 77.80 TWD 115.45 TWD 153.58 TWD 38
10Y Revenue Exit 67.52 TWD 91.94 TWD 122.45 TWD 36
10Y EBITDA Exit 70.14 TWD 94.40 TWD 124.35 TWD 37
10Y P/E Exit 78.20 TWD 110.25 TWD 147.24 TWD 35
Earnings-Based
Graham-Dodd 34.52 TWD 91.33 TWD 119.33 TWD 54
PEG = 1.0 17.59 TWD 25.13 TWD 32.67 TWD 46
EPV 42.51 TWD 48.08 TWD 52.95 TWD 59
Dividend Discount
Gordon GGM 36.73 TWD 75.64 TWD 121.14 TWD 70
DDM Multi-Stage 36.73 TWD 56.79 TWD 78.25 TWD 61
Multiples
P/E Multiple 76.15 TWD 101.53 TWD 126.91 TWD 63
P/S Multiple 64.73 TWD 86.30 TWD 107.88 TWD 58
P/B Multiple 64.73 TWD 86.30 TWD 107.88 TWD 55
EV/EBIT 78.43 TWD 101.54 TWD 124.64 TWD 53
EV/EBITDA 62.68 TWD 80.53 TWD 98.38 TWD 54
EV/Revenue 55.84 TWD 75.87 TWD 95.89 TWD 43
Asset-Based
NCAV (Graham) 24.04 TWD 32.21 TWD 48.08 TWD 50
Growth DCF
Growth DCF 82.43 TWD 114.19 TWD 158.39 TWD 80
Rev-Margin DCF 63.03 TWD 89.45 TWD 118.81 TWD 74
Economic Profit
Residual Income 43.21 TWD 48.22 TWD 70.14 TWD 76
ROIC Compounder 42.51 TWD 48.08 TWD 56.84 TWD 72
Growth Earnings
Growth-Adj P/E 59.95 TWD 85.65 TWD 111.34 TWD 68

Widest divergence: DCF Models (92.34 TWD) versus Asset-Based (32.21 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 446B TWD
Revenue growth (YoY) +38.3%
Net margin 2.2%
Return on equity 12.9%
Free cash flow 10.9B TWD FY2025
P/E ratio 16.8
More key figures
Operating margin 2.8%
EPS (TTM) 5.08 TWD
Dividend yield 4.8%
EPS growth (YoY) +61.6%
Net debt 52.2B TWD FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 85

Profitability 43
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Synnex Technology International Corporation, together with its subsidiaries, distributes information, communication, consumer, and semiconductor products.

Full company description

Synnex Technology International Corporation, together with its subsidiaries, distributes information, communication, consumer, and semiconductor products. The company is involved in assembling and selling computers and computer peripherals, and other information products; the sale of consumer electronics and 3C products; the real estate-related business; and the provision of repair, maintenance, technical, warehouse, and logistics services. It operates in Taiwan, Mainland China, Hong Kong, Macau, Indonesia, Thailand, Vietnam, India, Australia, New Zealand, the Middle East, Africa, and internationally. The company was incorporated in 1988 and is headquartered in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Synnex Technology International Corporation reported revenue of 411B TWD in FY2025 versus 409B TWD in FY2021, a compound +0.1%/yr. Reported net income was 8.5B TWD in FY2025, compounding −16.3%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
411B TWD
Latest YoY
−3.5%
Avg. growth/yr (3Y)
−1.1%
Avg. growth/yr (5Y)
+4.2%
Avg. growth/yr (25Y)
+8.0%
Revenue +0.1%/yr
FY21 409B TWD
FY22 425B TWD
FY23 396B TWD
FY24 426B TWD
FY25 411B TWD
Net income −16.3%/yr
FY21 17.3B TWD
FY22 15.7B TWD
FY23 7.3B TWD
FY24 9.2B TWD
FY25 8.5B TWD

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Cite: Fair Value Calculator (2026). "Synnex Technology International Corporation Fair Value". https://www.fairvalue-calculator.com/stock/2347

Peer Group

Electronics & Computer Distribution · 151 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside −8% · Above median
Return on equity (TTM) 13% · Above median
Return on assets 3% · Below median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 38% · Top 25%
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 16.8× · Cheaper than median
P/B 1.77× · Pricier than median
P/S (TTM) 0.32× · Cheaper than median
P/FCF 0.4× · Cheaper than median
EV/EBITDA 10.6× · Pricier than median
PEG 0.95× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 23 · sector 14
FUTURE 100 · sector 57
PAST 52 · sector 36
HEALTH 94 · sector 98
DIVIDEND 96 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%
Insight Enterprises, Inc NSIT $114.65 $104.19 -9%

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Frequently asked questions

Is Synnex Technology International Corporation (2347) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 86.30 TWD versus a price of 93.40 TWD, about −8% (fairly valued).
What is the fair value of 2347?
Our model-based fair value for Synnex Technology International Corporation is 86.30 TWD (as of Jul 18, 2026), built from audited fundamentals. The current price is 93.40 TWD.
What is the quality score of 2347?
Synnex Technology International Corporation has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Synnex Technology International Corporation (2347)?
Synnex Technology International Corporation reported trailing-twelve-month revenue of about 446B TWD (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 2347?
The net profit margin of Synnex Technology International Corporation is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does Synnex Technology International Corporation pay a dividend?
Synnex Technology International Corporation currently shows a dividend yield of about 4.67% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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