Discounted Cash Flow

TD Synnex Corp.

SNX · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $14.1b $234.9m $234.7m 1.7% $5.91
2017 $17.0b (21.2%) $301.2m (28.2%) $163.8m (-30.2%) 1.8% (5.7%) $7.54 (27.6%)
2018 $20.1b (17.6%) $300.6m (-0.2%) $100.6m (-38.6%) 1.5% (-15.2%) $7.23 (-4.1%)
2019 $23.8b (18.5%) $500.7m (66.6%) $412.5m (309.9%) 2.1% (40.6%) $9.79 (35.4%)
2020 $24.7b (3.9%) $529.2m (5.7%) $1.6b (296.7%) 2.1% (1.7%) $10.28 (5.0%)
2021 $31.6b (28.1%) $395.1m (-25.3%) $754.9m (-53.9%) 1.2% (-41.7%) $6.28 (-38.9%)
2022 $62.3b (97.2%) $651.3m (64.9%) $-114.9m (-115.2%) 1.0% (-16.4%) $6.79 (8.1%)
2023 $57.6b (-7.7%) $626.9m (-3.7%) $1.3b (1194.4%) 1.1% (4.3%) $6.72 (-1.0%)
2024 $58.5b (1.6%) $689.1m (9.9%) $1.0b (-17.1%) 1.2% (8.2%) $7.99 (18.9%)
2025 $62.5b (6.9%) $827.7m (20.1%) $1.4b (33.3%) 1.3% (12.3%) $9.99 (25.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model