Avnet, Inc. (AVT) vs TD SYNNEX Corporation (SNX)

Avnet, Inc. and TD SYNNEX Corporation are both Electronics & Computer Distribution companies. TD SYNNEX Corporation is the larger, with a market value of $17.2B against $6.3B — 2.7× the size. Avnet, Inc. trades at the lower P/E: 11.5× against 13.3×. Avnet, Inc. grew revenue faster over the last twelve months: 44.3% against 24.1%. TD SYNNEX Corporation has the higher net margin (1.75% vs 1.74%) and the higher return on invested capital (9.10% vs 7.91%). Both pay a dividend; Avnet, Inc. yields more (1.79% vs 0.88%). Across the 22 metrics below, Avnet, Inc. leads on 12 and TD SYNNEX Corporation on 10.

Valuation

Metric AVT SNX Electronics & Computer Distribution median
P/E 11.50 13.29 13.29
P/S 0.20 0.23 0.38
P/B 1.30 1.86 1.58
Price to free cash flow n/m n/m 17.66
EV/EBITDA 11.14 8.94 10.46
EV/Sales 0.30 0.29 0.33
Earnings yield 8.70% 7.52% 6.77%
Free cash flow yield (16.16%) (4.70%) 2.07%

Profitability

Metric AVT SNX Electronics & Computer Distribution median
Gross margin 10.30% 6.89% 14.23%
Operating margin 3.26% 2.71% 2.99%
Net margin 1.74% 1.75% 1.99%
Free cash flow margin (3.24%) (1.08%) 0.71%
Return on equity 0.00% 14.93% 9.15%
Return on assets 3.66% 3.61% 3.52%
Return on invested capital 7.91% 9.10% 8.25%

Growth

Metric AVT SNX Electronics & Computer Distribution median
Revenue growth (TTM) 44.26% 24.11% 14.77%
EPS growth (last fiscal year) 45.82% 25.16% 17.81%
Revenue growth, 5-year CAGR 7.18% 25.63% 1.79%
Net income growth, 5-year CAGR 11.61% 9.36% 4.24%

Health

Metric AVT SNX Electronics & Computer Distribution median
Debt to equity 0.63 0.59 0.37
Current ratio 1.73 1.19 1.39
Net debt to EBITDA 2.70 1.19 1.23

Dividend

Metric AVT SNX Electronics & Computer Distribution median
Dividend yield 1.79% 0.88% 0.95%
Payout ratio 0.21 0.12 0.19

Size

Metric AVT SNX Electronics & Computer Distribution median
Market cap 6.30b 17.18b 1.46b

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