Td Synnex Intrinsic Value – TD SYNNEX Acquires IT Refurbishment Specialist Cokeva Through Shyft Global Services

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TD SYNNEX ($NYSE:SNX) is a leading global technology solutions provider that provides products, services and solutions to businesses, governments and educational institutions. The company recently announced the acquisition of IT refurbishment specialist Cokeva through its subsidiary Shyft Global Services. Cokeva is an IT refurbishment specialist that specializes in reclaiming, restoring and re-purposing returned IT products. The acquisition will enable Shyft Global Services to further expand its capabilities and offer a comprehensive range of services to their customers. This will include the ability to provide cost-effective solutions for IT product refurbishment and the ability to provide additional services such as data sanitation, asset management and logistics.

The acquisition marks a significant step for Shyft Global Services in meeting the growing demand for reliable IT refurbishment and global supply chain solutions. With the addition of Cokeva’s expertise, Shyft can now provide customers with comprehensive solutions for IT asset management, data sanitization, product reuse and logistics. This acquisition is part of TD SYNNEX’s ongoing commitment to provide customers with innovative technology solutions and services. By leveraging Cokeva’s experience and expertise, Shyft Global Services will be able to further expand its capabilities and offer its customers a comprehensive range of IT refurbishment services as well as global supply chain solutions.

Share Price

After the news of the acquisition, TD SYNNEX stock opened at $105.5 and closed at $105.4, a 0.7% decrease from the previous closing price of 106.1. The acquisition of Cokeva is expected to significantly strengthen TD SYNNEX’s ability to offer refurbished IT products to customers. Combined with Shyft Global Services’ existing services, TD SYNNEX now has a wide array of options for IT professionals looking for refurbished technology solutions. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis – Td Synnex Intrinsic Value

At GoodWhale, we conducted an analysis of TD SYNNEX‘s wellbeing. Our proprietary Valuation Line determined a fair value of the TD SYNNEX share to be around $123.3. However, the TD Synnox stock is currently trading at $105.4, which is a fair price that is undervalued by 14.5%. This presents a great opportunity for potential investors to take advantage of and purchase the stock at a discounted rate. More…

Peers

It has a strong presence in the market with a wide range of products and services. The company has a good reputation and is known for its quality products and services.

However, it faces stiff competition from its competitors such as VNET Group Inc, DC Two Ltd, Searchlight Solutions Ltd.

– VNET Group Inc ($NASDAQ:VNET)

VNET Group Inc is a global provider of cloud-based communications and collaboration solutions. The company has a market cap of 760.84M as of 2022 and a return on equity of 2.37%. The company’s products and services include VoIP, video conferencing, cloud PBX, and unified communications. VNET Group Inc is headquartered in Toronto, Canada.

– DC Two Ltd ($ASX:DC2)

D2C Two Ltd is a publicly traded company with a market capitalization of 3.56 million as of 2022. The company has a negative return on equity of 73.27%. D2C Two Ltd is engaged in the business of providing online marketing and advertising services.

Summary

TD SYNNEX is a global leader in technology supply-chain solutions. It provides a comprehensive array of products and services through its IT sourcing and logistics, business solutions, and financing capabilities. Investing analysis shows that TD SYNNEX’s strengths include its experienced management team, operational efficiency, and strong balance sheet. Its focus on providing value-added services and expanding its product portfolio have enabled the company to achieve consistent organic growth.

It has invested heavily in digital capabilities and automation, which have enabled it to reduce costs and increase efficiency. Looking ahead, TD SYNNEX is likely to benefit from its focus on emerging markets, expanding customer base, and growing demand for IT products and services.