EN DE

Synnex (Thailand) Public Company (SYNEX) Fair Value & Analysis

Technology · TH · Market cap 8.2B THB

ST Synnex (Thailand) Public Company SYNEX · BK
Price9.70 THB
Fair Value11.87 THB
Upside+22.4%
Quality52/100
Watch Synnex (Thailand) Public Company for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 1.7% net margin
Low debt · generates free cash flow
4.90% dividend yield
Mixed vs. peers (7/14)
Narrow moat 32/100
Evidence: High Range 6.51 THB – 19.29 THB Share as image

Fair value as of: Jul 18, 2026

From 25 valuation models · updated 23 days ago

Share price +3.2% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • The model range is unusually wide (6.51 THB to 19.29 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

30.95 THB 8.08 THB Fair Value 11.87 THB Feb 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 8.08 THB – 30.95 THB · fair‑value band 6.51 THB – 19.29 THB · the 9.70 THB price screens below the 11.87 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Synnex (Thailand) Public Company (SYNEX) currently trades at 9.70 THB, while our model-based Fair Value estimate is 11.87 THB, implying the stock looks roughly 22.4% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Synnex (Thailand) Public Company generated revenue of 47.5B THB at a net margin of 1.7%. Revenue grew 1.4% year over year. It earns a return on equity of 16.6%. Net debt stands at 7.3B THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 6.51 THB (bear case) to 19.29 THB (bull case); at 9.70 THB, 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 21% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 22%, SYNEX 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 3.34 THB 5.38 THB 8.52 THB 80
Residual Income 5.79 THB 7.41 THB 17.78 THB 76
ROIC Compounder 6.55 THB 8.50 THB 11.12 THB 72
All 25 models by family
DCF Models
FCF DCF 3.34 THB 5.50 THB 8.90 THB 38
Owner Earnings 10.28 THB 16.97 THB 27.51 THB 31
5Y Revenue Exit 6.23 THB 11.34 THB 18.19 THB 39
5Y EBITDA Exit 6.58 THB 12.01 THB 18.68 THB 41
5Y P/E Exit 9.24 THB 17.26 THB 26.19 THB 38
10Y Revenue Exit 4.90 THB 9.29 THB 15.83 THB 36
10Y EBITDA Exit 5.37 THB 9.76 THB 16.21 THB 37
10Y P/E Exit 7.06 THB 13.43 THB 22.11 THB 35
Earnings-Based
Graham-Dodd 6.18 THB 24.37 THB 33.10 THB 54
Lynch FV 6.02 THB 8.60 THB 11.18 THB 50
PEG = 1.0 6.02 THB 8.60 THB 11.18 THB 46
EPV 6.31 THB 7.30 THB 8.16 THB 59
Dividend Discount
Gordon GGM 3.86 THB 7.70 THB 11.66 THB 70
DDM Multi-Stage 3.86 THB 6.65 THB 8.13 THB 61
Multiples
P/E Multiple 13.63 THB 18.17 THB 22.71 THB 63
P/S Multiple 11.58 THB 15.44 THB 19.30 THB 58
P/B Multiple 11.58 THB 15.44 THB 19.30 THB 55
EV/EBIT 11.87 THB 15.82 THB 19.76 THB 53
EV/EBITDA 9.16 THB 12.20 THB 15.24 THB 54
EV/Revenue 8.01 THB 11.43 THB 14.85 THB 43
Asset-Based
NCAV (Graham) 2.84 THB 3.81 THB 5.69 THB 50
Growth DCF
Growth DCF 3.34 THB 5.38 THB 8.52 THB 80
Economic Profit
Residual Income 5.79 THB 7.41 THB 17.78 THB 76
ROIC Compounder 6.55 THB 8.50 THB 11.12 THB 72
Growth Earnings
Growth-Adj P/E 10.39 THB 14.84 THB 19.29 THB 68

Widest divergence: Multiples (15.44 THB) versus Asset-Based (3.81 THB). Highest evidence: Growth DCF (80).

Notify me when SYNEX reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 47.5B THB
Revenue growth (YoY) +1.4%
Net margin 1.7%
Return on equity 16.6%
Free cash flow 243M THB FY2025
P/E ratio 10.2
More key figures
Operating margin 1.6%
EPS (TTM) 0.9500 THB
Dividend yield 4.9%
EPS growth (YoY) +18.2%
Net debt 7.3B THB FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 47

Profitability 48
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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 (Thailand) Public Company Limited distributes computers, computer peripherals, software, information technology systems, computer consumables, and communication devices in Thailand.

Full company description

Synnex (Thailand) Public Company Limited distributes computers, computer peripherals, software, information technology systems, computer consumables, and communication devices in Thailand. The company also acts as a retail and service provider for an online platform; offers computer system repair and maintenance services, as well as training services; and sells computer accessories. It serves retailers and wholesalers, major software solutions providers, local-branded computer manufacturers, department stores, giant superstores, and stationary shops, etc. Synnex (Thailand) Public Company Limited was incorporated in 1988 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Synnex (Thailand) Public Company reported revenue of 47.4B THB in FY2025 versus 37.1B THB in FY2021, a compound +6.3%/yr. Reported net income was 770M THB in FY2025, compounding −2.7%/yr from FY2021.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
47.4B THB
Latest YoY
+13.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.1%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.7%
Revenue +6.3%/yr
FY21 37.1B THB
FY22 39.1B THB
FY23 36.5B THB
FY24 41.9B THB
FY25 47.4B THB
Net income −2.7%/yr
FY21 860M THB
FY22 816M THB
FY23 513M THB
FY24 628M THB
FY25 770M THB
Character of growth · EPS growth decomposed (2014-2025) +8.1 % p.a.
Revenue per share +7.7 pp

of which total revenue +7.7 pp · buybacks/dilution +0.0 pp

EBIT margin −1.0 pp
Tax rate +0.3 pp
Residual (interest, one-offs) +1.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch SYNEX: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Synnex (Thailand) Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SYNEX

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 52 · Below median
Fair Value upside +22% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 10.2× · Cheaper than 75% of peers
P/B 1.70× · Pricier than median
P/S (TTM) 0.17× · Cheaper than median
P/FCF 1.0× · Cheaper than median
EV/EBITDA 10.2× · Pricier than median

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 63 · sector 14
FUTURE 7 · sector 57
PAST 66 · sector 36
HEALTH 99 · sector 98
DIVIDEND 98 · 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%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

Compare Synnex (Thailand) Public Company with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Synnex (Thailand) Public Company (SYNEX) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 11.87 THB versus a price of 9.70 THB, about +22% (undervalued).
What is the fair value of SYNEX?
Our model-based fair value for Synnex (Thailand) Public Company is 11.87 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 9.70 THB.
What is the quality score of SYNEX?
Synnex (Thailand) Public Company has a Quality Score of 52/100. 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 (Thailand) Public Company (SYNEX)?
Synnex (Thailand) Public Company reported trailing-twelve-month revenue of about 47.5B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SYNEX?
The net profit margin of Synnex (Thailand) Public Company is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does Synnex (Thailand) Public Company pay a dividend?
Synnex (Thailand) Public Company currently shows a dividend yield of about 5.30% 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.

14 days Pro free · no card

Track Synnex (Thailand) Public Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.