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 $21.2B against $8.3B — 2.6× the size. TD SYNNEX Corporation trades at the lower P/E: 18.6× against 25.3×. Avnet, Inc. grew revenue faster over the last twelve months: 24.5% against 16.3%. TD SYNNEX Corporation has the higher net margin (1.63% vs 1.21%) and the higher return on invested capital (8.90% vs 6.17%). Both pay a dividend; Avnet, Inc. yields more (2.77% vs 1.60%). Across the 22 metrics below, TD SYNNEX Corporation leads on 13 and Avnet, Inc. on 9.

Valuation

Metric AVT SNX Electronics & Computer Distribution median
P/E 25.33 18.65 18.73
P/S 0.31 0.30 0.47
P/B 1.69 2.32 2.01
Price to free cash flow n/m 55.53 14.47
EV/EBITDA 12.56 11.04 11.04
EV/Sales 0.39 0.35 0.39
Earnings yield 3.95% 5.36% 4.83%
Free cash flow yield (4.19%) 1.80% 3.03%

Profitability

Metric AVT SNX Electronics & Computer Distribution median
Gross margin 10.43% 7.05% 14.67%
Operating margin 2.62% 2.57% 2.84%
Net margin 1.21% 1.63% 2.35%
Free cash flow margin (1.28%) 0.54% 1.72%
Return on equity 6.67% 13.14% 9.56%
Return on assets 2.43% 3.29% 2.94%
Return on invested capital 6.17% 8.90% 7.54%

Growth

Metric AVT SNX Electronics & Computer Distribution median
Revenue growth (TTM) 24.47% 16.26% 6.09%
EPS growth (last fiscal year) 45.82% 25.16% —
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 0.49 0.53 0.24
Current ratio 1.78 1.20 1.40
Net debt to EBITDA 2.70 1.19 1.23

Dividend

Metric AVT SNX Electronics & Computer Distribution median
Dividend yield 2.77% 1.60% 1.60%
Payout ratio 0.14 0.19 0.06

Size

Metric AVT SNX Electronics & Computer Distribution median
Market cap 8.30b 21.19b 1.71b

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