Company Summary
SYNEX SYNNEX (THAILAND) PUBLIC COMPANY LIMITED
Technology/Information & Communication Technology
SET100 / SETTHSI
CG Report:   
 
  Data as of 05 Jul 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
16.90 37.00 / 16.90 15.96 3.46 847.36 14,320.40 22,172.93 290.71 19.13
News
Date/Time Subject
01 Jul 2022 19:28   Changing of Chief Accountant
09 May 2022 06:34   Management Discussion and Analysis Quarter 1/2022 Ending 31 Mar 2022 (Edited)
09 May 2022 06:33   Financial Performance Quarter 1 (F45) (Reviewed) (Revised)
06 May 2022 19:37   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
06 May 2022 19:36   Financial Statement Quarter 1/2022 (Reviewed)
more

Company Profile
Address No. 433, Sukontasawat Road Khwang Lardprao, Khet Lardprao Bangkok 10230
Telephone 0-2553-8888
Fax 0-2578-8181
URL http://www.synnex.co.th
  Annual Report 2021
Establish Date 05/04/1988 Listed Date 16/06/2008
IPO Price (Baht) 2.90 @Par1.00 Baht
IPO Financial Advisory
  • CAPITAL NOMURA SECURITIES PCL.
    		•
    Par 1.00 Baht
    Last Par Change N/A

    Business
    The company distributes computers, computer peripherals, software, IT system, and computer consumables of over 50 world-recognized brands while the Company?s customer base includes countrywide computer retailers and wholesalers, local-branded computer manufacturers, department stores, superstores, and stationary shops, and etc.

    Free Float 11 Mar 2022 09 Mar 2021
    % /Shareholders
    25.30% 8,630 20.30% 10,432
    Foreign Shareholders 41.83% (As of 05/07/2022) Foreign Limit 49.00%
    NVDR Shareholders  1.71% (As of 05/07/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -10.58 -6.97 -7.50
    20 Days -20.66 -10.38 -15.18
    60 Days -35.00 -17.81 -28.26
    120 Days -50.29 -44.95 -45.92
    YTD -53.70 -48.29 -50.20
    P/E (X) 15.96 31.67 18.13
    P/BV (X) 3.46 2.87 1.62
    Turnover Ratio (%) 0.30 0.60 1.01

    Top 10 Major Shareholders(@11 Mar 2022) Share %
    1. บริษัท ที.เค.เอส. เทคโนโลยี จำกัด (มหาชน) 326,355,876 38.51
    2. King's Eye Investments Ltd. 296,450,000 34.99
    3. BNP PARIBAS HONG KONG BRANCH 42,489,513 5.01
    4. บริษัท Thai NVDR Company Limited 18,255,214 2.15
    5. MR. CHOOKIAT RUJANAPORNPAJEE 8,430,000 0.99
    6. KKP LONG TERM EQUITY DIVIDEND FUND 7,319,000 0.86
    7. N.C.B.TRUST LIMITED-NORGES BANK 33 6,768,100 0.80
    8. STATE STREET EUROPE LIMITED 6,366,373 0.75
    9. น.ส. สุธิดา มงคลสุธี 5,812,666 0.69
    10. กองทุนเปิด SCB EQUITY FUND RMF 3,409,200 0.40

    Management Position
    1. Mr. SUPANT MONGKOLSUTHREE CHAIRMAN
    2. Miss SUTIDA MONGKOLSUTHREE CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. SHU-WU TU DIRECTOR
    4. Mr. PRUTTIPANG TAYARACHKUL DIRECTOR
    5. Mr. SHU-CHYUAN TU DIRECTOR
    6. Mr. LIN, TAI-YANG DIRECTOR
    7. Mr. CHIH-CHING SU DIRECTOR
    8. Miss YI-JU CHEN DIRECTOR
    9. Mrs. RAWITTHA PONGNUCHIT INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. POL. GEN. RACHATHA YENSUANG INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. Mr. SOMCHAI HARNHIRUN INDEPENDENT DIRECTOR
    12. Mrs. CHANANYARAK PHETCHARAT CHAIRMAN OF THE AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    05 Jul 2022    		 2021
    30 Dec 2021    		 2020
    30 Dec 2020
    Listed share (M.) 847.36  847.36  847.36 
    Market Cap (MB.) 14,320.40  30,928.68  12,710.42 
    Price (B./share) 16.90  36.50  15.00 
    BVPS (B./Share) 4.88  4.26  3.88 
    P/BV (X) 3.46  8.56  3.86 
    P/E (X) 15.96  40.48  21.33 
    Turnover Ratio (%) 47.81  171.10  101.56 
    Value Trade/Day (MB.) 86.15  144.10  43.95 
    Beta 1.35  1.62  0.85 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -53.70  143.33  100.00 
    Dividend Yield (%) 4.14  1.48  3.13 
    Payout Ratio 0.66  0.64  0.65 
    Dividend Policy Not less than 40% of the net profit after deducting corporate income tax and legal reserve and other reserves (if any) (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jul 2021 - 31 Dec 2021 0.52 Baht 05 May 2022 Cash
    01 Jan 2021 - 30 Jun 2021 0.18 Baht 03 Sep 2021 Cash
    01 Jul 2020 - 31 Dec 2020 0.40 Baht 14 May 2021 Cash
    01 Jan 2020 - 30 Jun 2020 0.14 Baht 08 Sep 2020 Cash
    01 Jul 2019 - 31 Dec 2019 0.32 Baht 24 Apr 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.15 Baht 02 Sep 2019 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MISS MARISA THARATHORNBUNPAKUL/KPMG PHOOMCHAI AUDIT LIMITED
    Mr. WATCHARA PATTARAPITAK/KPMG PHOOMCHAI AUDIT LIMITED
    MR. BANTHIT TANGPAKORN/KPMG PHOOMCHAI AUDIT LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 340.14 321.34 233.61 164.09 166.06
    A/R Net 5,966.62 4,940.09 5,885.81 5,078.29 5,911.60
    Inventories 3,777.83 2,280.97 3,243.48 2,044.58 3,253.85
    Current Assets 11,033.17 7,951.04 9,977.47 7,703.95 10,177.43
    PP&E Net 310.80 333.12 313.28 338.18 357.38
    Non-Current Assets 1,292.60 1,246.61 1,309.36 1,180.88 1,164.42
    Total Assets 12,325.77 9,197.65 11,286.83 8,884.84 11,341.85
    OD 3,779.35 1,588.12 2,877.55 1,945.76 5,104.12
    A/P Net 3,571.48 3,412.63 3,654.56 3,007.50 2,492.71
    Current portion of LT - - - - 161.18
    Current Liabilities 8,099.52 5,430.71 7,256.27 5,324.47 8,057.75
    Non-Current Liabilities 80.62 85.56 89.57 89.63 71.43
    Total Liabilities 8,180.14 5,516.27 7,345.84 5,414.09 8,129.17
    Authorized Capital 880.00 880.00 880.00 880.00 880.00
    Paid-Up Capital 847.36 847.36 847.36 847.36 847.36
    Premium (Discount) on Share Capital 350.87 350.87 350.87 350.87 350.87
    Retained Earnings (Deficit) 2,780.61 2,371.10 2,558.32 2,185.95 1,946.47
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity 154.26 112.05 168.09 86.56 67.98
     - Surplus (Deficits) 52.84 52.84 52.84 52.84 52.84
    Shareholders' Equity 4,133.11 3,681.38 3,924.65 3,470.74 3,212.68
    Minority Interest 12.52 - 16.34 - -
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    Statement of Comprehensive Income (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 9,958.88 8,636.46 37,085.39 32,148.70 34,804.31
    Other Income 6.86 26.06 74.70 95.74 83.56
    Total Revenues 9,965.74 8,662.51 37,160.08 32,244.44 34,887.87
    Costs 9,501.52 8,239.88 35,301.79 30,740.99 33,475.32
    Selling And Administrative Expenses 242.19 223.21 997.33 850.73 833.44
    Total Cost And Expenses 9,743.71 8,463.08 36,299.12 31,591.72 34,308.76
    EBITDA 290.71 242.51 1,110.97 855.16 764.74
    Depre. & Amor. 11.77 12.38 48.68 51.41 45.69
    EBIT 278.95 230.13 1,062.29 803.75 719.06
    Net Profit : Owners Of The Parent 222.28 185.15 860.19 641.95 523.93
    EPS (B.) 0.26 0.22 1.02 0.76 0.64
    more
    Statement of Cash Flow (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow -502.39 526.11 -443.06 3,504.58 100.93
    Investing Cash Flow -287.30 -7.95 74.93 245.44 -327.14
    Financing Cash Flow 895.43 -362.24 436.07 -3,751.94 136.72
    Net Cash Flow 105.73 155.92 67.94 -1.92 -89.49
    more
    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 1.36 1.46 1.38 1.45
    ROE (%) 22.97 19.86 23.26 19.21
    ROA (%) 10.32 9.21 10.53 7.95
    D/E (X) 1.97 1.50 1.86 1.56
    Total Asset Turnover (X) 3.57 3.57 3.68 3.19
    Gross Profit Margin (%) 4.59 4.59 4.81 4.38
    EBIT Margin (%) 2.80 2.66 2.86 2.49
    Net Profit Margin (%) 2.19 2.14 2.30 1.99

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    10 May 2019 XD 77,032,557 847,361,206 1.00

    Growth Rate (%) 3M/2022  3M/2021  2021  2020 
    Sales Growth 15.31 17.81 15.36 -7.63
    COGs Growth 15.31 17.41 14.84 -8.17
    Total Revenue Growth 15.04 17.70 15.24 -7.58
    Total Expense Growth 15.13 17.11 14.90 -7.92
    Net Profit Growth 20.06 40.60 34.00 22.53

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 7.65 7.10 7.08 5.85
    Avg. Collection Period (Days) 47.74 51.39 51.52 62.39
    Inventory Turnover (Times) 12.07 12.74 13.35 11.60
    Avg. Inventory Period (Days) 30.24 28.64 27.34 31.46
    A/P Turnover (Times) 11.35 11.43 11.13 11.18
    Avg. Payment Period (Days) 32.15 31.94 32.80 32.65
    Cash Cycle (Days) 45.83 48.10 46.06 61.19


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    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
         		 Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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