Obermatt

Synnex (Thailand)

SET:SYNEX · TH0981010000
Electronic Equipment, Instruments & ComponentsMedium

360

18
EV / EBIT28
Price / Owner Earnings50
Owner Earnings Yield75
Dividend Yield85
Price/Sales84
EV / Gross Profit33
Price/Book44
Return on Capital69
Cash Return on Capital73
Return on Equity90
EBIT Margin41
Gross Profitability28
Cash Conversion9
Accruals27
Owner Earnings Margin53
Sales growth45
Profit Growth21
Long-Term EPS Growth55
Owner Earnings Growth59
Reinvestment24
Price momentum24
Debt load11
Refinancing90
Debt Payback10
Liquidity48
Analyst ratings67
Opinion Changes50
Price Target Upside60
Market mood59
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Synnex (Thailand) clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryElectronic Equipment, Instruments & Components
SizeMedium
TypePublic Company
ExchangeSET
Founded1988
Employees154
ISINTH0981010000
Last UpdateApr 2, 2026
Themes
Data Center TechnologyInformation Technology

Description

Synnex (Thailand) Public Company Limited is a premier distributor of information technology products and services within Thailand. This company has established itself as a critical player in the IT ecosystem by providing a comprehensive range of tech…

Analysis

Middle-of-the-road

Synnex (Thailand) Public Company Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 9.8× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is fragile. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
34
2023202420252026

All-time high

86

Mar 2026

All-time low

34

Jun 2026

Average rank

64

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
84
78
77
58
Price/Earnings
70
64
55
23
Price/Book
44
48
51
13
Dividend Yield
85
88
90
82
Value (overall)
83
71
75
41

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →