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 $20.4B against $7.6B — 2.7× the size. TD SYNNEX Corporation trades at the lower P/E: 15.0× against 22.1×. Avnet, Inc. grew revenue faster over the last twelve months: 24.5% against 24.1%. TD SYNNEX Corporation has the higher net margin (1.75% vs 1.21%) and the higher return on invested capital (9.10% vs 6.17%). Both pay a dividend; Avnet, Inc. yields more (1.58% vs 0.96%). Across the 22 metrics below, TD SYNNEX Corporation leads on 14 and Avnet, Inc. on 8.

Valuation

Metric AVT SNX Electronics & Computer Distribution median
P/E 22.11 14.99 16.80
P/S 0.27 0.26 0.48
P/B 1.47 2.10 1.83
Price to free cash flow n/m n/m 13.78
EV/EBITDA 11.31 9.84 10.55
EV/Sales 0.35 0.32 0.40
Earnings yield 4.52% 6.67% 5.24%
Free cash flow yield (4.79%) (4.17%) 3.11%

Profitability

Metric AVT SNX Electronics & Computer Distribution median
Gross margin 10.43% 6.89% 14.67%
Operating margin 2.62% 2.71% 2.89%
Net margin 1.21% 1.75% 2.35%
Free cash flow margin (1.28%) (1.08%) 1.72%
Return on equity 6.67% 14.93% 9.56%
Return on assets 2.43% 3.61% 3.10%
Return on invested capital 6.17% 9.10% 7.54%

Growth

Metric AVT SNX Electronics & Computer Distribution median
Revenue growth (TTM) 24.47% 24.11% 6.09%
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 0.49 0.59 0.24
Current ratio 1.78 1.19 1.40
Net debt to EBITDA 2.70 1.19 1.23

Dividend

Metric AVT SNX Electronics & Computer Distribution median
Dividend yield 1.58% 0.96% 0.96%
Payout ratio 0.36 0.14 0.20

Size

Metric AVT SNX Electronics & Computer Distribution median
Market cap 7.64b 20.35b 1.76b

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