Sentiment Still Eluding TD SYNNEX Corporation (NYSE:SNX)
Sentiment Still Eluding TD SYNNEX Corporation (NYSE:SNX)
It's not a stretch to say that TD SYNNEX Corporation's (NYSE:SNX) price-to-earnings (or "P/E") ratio of 15.4x right now seems quite "middle-of-the-road" compared to the market in the United States, where the median P/E ratio is around 16x. Although, it's not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
The recently shrinking earnings for TD SYNNEX have been in line with the market. The P/E is probably moderate because investors think the company's earnings trend will continue to follow the rest of the market. If you still like the company, you'd want its earnings trajectory to turn around before making any decisions. At the very least, you'd be hoping that earnings don't accelerate downwards if your plan is to pick up some stock while it's not in favour.
If you'd like to see what analysts are forecasting going forward, you should check out our free report on TD SYNNEX.How Is TD SYNNEX's Growth Trending?
In order to justify its P/E ratio, TD SYNNEX would need to produce growth that's similar to the market.
Retrospectively, the last year delivered a frustrating 4.0% decrease to the company's bottom line. That put a dampener on the good run it was having over the longer-term as its three-year EPS growth is still a noteworthy 7.4% in total. Accordingly, while they would have preferred to keep the run going, shareholders would be roughly satisfied with the medium-term rates of earnings growth.
Turning to the outlook, the next three years should generate growth of 20% per annum as estimated by the ten analysts watching the company. With the market only predicted to deliver 11% per year, the company is positioned for a stronger earnings result.
In light of this, it's curious that TD SYNNEX's P/E sits in line with the majority of other companies. Apparently some shareholders are skeptical of the forecasts and have been accepting lower selling prices.
What We Can Learn From TD SYNNEX's P/E?
While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations.
We've established that TD SYNNEX currently trades on a lower than expected P/E since its forecast growth is higher than the wider market. When we see a strong earnings outlook with faster-than-market growth, we assume potential risks are what might be placing pressure on the P/E ratio. At least the risk of a price drop looks to be subdued, but investors seem to think future earnings could see some volatility.
Plus, you should also learn about these 2 warning signs we've spotted with TD SYNNEX.
Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with a strong growth track record, trading on a low P/E.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
與市盈率中位數約爲16倍的美國市場相比,TD SYNNEX公司(紐約證券交易所代碼:SNX)15.4倍的市盈率(或 “市盈率”)現在看來相當 “處於中間位置”,這並不誇張。但是,不加解釋地忽略市盈率是不明智的,因爲投資者可能無視一個特殊的機會或一個代價高昂的錯誤。
TD SYNNEX最近收益的萎縮與市場一致。市盈率可能適中,因爲投資者認爲該公司的盈利趨勢將繼續跟隨其他市場。如果你仍然喜歡這家公司,那麼在做出任何決定之前,你會希望其盈利軌跡得到扭轉。至少,如果你的計劃是在不利的情況下買入一些股票,那麼你希望收益不會加速向下走。
如果您想了解分析師對未來的預測,您應該查看我們的TD SYNNEX免費報告。TD SYNNEX的增長趨勢如何?
爲了證明其市盈率是合理的,TD SYNNEX需要實現與市場相似的增長。
回顧過去,去年該公司的利潤下降了令人沮喪的4.0%。這抑制了其長期以來的良好表現,因爲其三年每股收益的總增長率仍爲7.4%,值得注意。因此,儘管股東本來希望保持盈利,但他們會對中期收益增長率大致滿意。
展望來看,根據關注該公司的十位分析師的估計,未來三年將實現每年20%的增長。由於預計市場每年僅增長11%,該公司有望實現更強勁的盈利業績。
有鑑於此,奇怪的是,TD SYNNEX的市盈率與其他大多數公司持平。顯然,一些股東對預測持懷疑態度,並一直在接受較低的銷售價格。
我們可以從TD SYNNEX的市盈率中學到什麼?
雖然市盈率不應該是決定你是否買入股票的決定性因素,但它是衡量收益預期的有力晴雨表。
我們已經確定,TD SYNNEX目前的市盈率低於預期,因爲其預測的增長高於整個市場。當我們看到強勁的盈利前景和快於市場的增長速度時,我們假設潛在風險可能會給市盈率帶來壓力。至少價格下跌的風險似乎有所減弱,但投資者似乎認爲未來的收益可能會出現一些波動。
此外,您還應該了解我們在TD SYNNEX上發現的這兩個警告信號。
當然,通過尋找一些優秀的候選人,你可能會找到一筆不錯的投資。因此,來看看這份增長記錄強勁、市盈率低的公司的免費名單吧。
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。
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