TD SYNNEX Corporation (SNX) exhibits 7.0% gross margins and 6.6% return on invested capital within Technology (Retail: Computer Software & Peripheral Equipment), balanced against a 7.6x enterprise multiple and 8.3% implied options volatility.
Sustained 7.0% gross profitability converts into 2.3% operating margin and 6.6% ROIC, outpacing sector cost of capital.
ROIC: 6.6% // GM: 7.0%YoY revenue trajectory of +6.9% paired with -6.30% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +6.9% // FCF YLD: -6.30%Altman Z-Score of 2.73 and Piotroski F-Score of 6/9 indicate low near-term refinancing stress.
ALTMAN Z: 2.73 // F-SCORE: 6/9Trading at 24.6x trailing P/E (22.9x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.6x // EV/EBITDA: 7.6xOptions market prices a ±8.3% implied move with a 0.77 put/call ratio around $250.00 max pain.
IMPL MOVE: ±8.3% // P/C: 0.77Elevated industry capital intensity and customer concentration in Retail: Computer Software & Peripheral Equipment require continuous execution to defend 1.3% net margins.
NET MARGIN: 1.3% // D/E: 1.28x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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