WallStSmart

Fortinet Inc (FTNT)vsSynnex Corporation (SNX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Synnex Corporation generates 881% more annual revenue ($69.77B vs $7.11B). FTNT leads profitability with a 27.5% profit margin vs 1.6%. SNX appears more attractively valued with a PEG of 0.91. SNX earns a higher WallStSmart Score of 72/100 (B).

FTNT

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 9.5Value: 4.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.50

SNX

Strong Buy

72

out of 100

Grade: B

Growth: 8.0Profit: 5.0Value: 8.7Quality: 6.0
Piotroski: 5/9Altman Z: 2.45
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+43.0%)

Margin of Safety

+43.0%

Fair Value

$262.87

Current Price

$154.25

$108.62 discount

UndervaluedFair: $262.87Overvalued
SNXUndervalued (+35.5%)

Margin of Safety

+35.5%

Fair Value

$263.65

Current Price

$248.68

$14.97 discount

UndervaluedFair: $263.65Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
197.5%10/10

Every $100 of equity generates 197 in profit

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

Market CapQuality
$113.60B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
20.1%8/10

Revenue surging 20.1% year-over-year

EPS GrowthGrowth
28.6%8/10

Earnings expanding 28.6% YoY

SNX5 strengths · Avg: 8.8/10
Revenue GrowthGrowth
31.0%10/10

Revenue surging 31.0% year-over-year

EPS GrowthGrowth
87.9%10/10

Earnings expanding 87.9% YoY

PEG RatioValuation
0.918/10

Growing faster than its price suggests

P/E RatioValuation
17.1x8/10

Attractively priced relative to earnings

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

Areas to Watch

FTNT4 concerns · Avg: 2.5/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

PEG RatioValuation
3.572/10

Expensive relative to growth rate

P/E RatioValuation
61.3x2/10

Premium valuation, high expectations priced in

Price/BookValuation
114.3x2/10

Trading at 114.3x book value

SNX3 concerns · Avg: 2.7/10
Profit MarginProfitability
1.6%3/10

1.6% margin — thin

Operating MarginProfitability
2.7%3/10

Operating margin of 2.7%

Free Cash FlowQuality
$-332.43M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 27.5% and operating margin at 31.3%. Revenue growth of 20.1% demonstrates continued momentum.

Bull Case : SNX

The strongest argument for SNX centers on Revenue Growth, EPS Growth, PEG Ratio. Revenue growth of 31.0% demonstrates continued momentum. PEG of 0.91 suggests the stock is reasonably priced for its growth.

Bear Case : FTNT

The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 61.3x leaves little room for execution misses.

Bear Case : SNX

The primary concerns for SNX are Profit Margin, Operating Margin, Free Cash Flow. Thin 1.6% margins leave little buffer for downturns.

Key Dynamics to Monitor

FTNT profiles as a growth stock while SNX is a hypergrowth play — different risk/reward profiles.

SNX carries more volatility with a beta of 1.43 — expect wider price swings.

SNX is growing revenue faster at 31.0% — sustainability is the question.

FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.

Bottom Line

SNX scores higher overall (72/100 vs 67/100) and 31.0% revenue growth. FTNT offers better value entry with a 43.0% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Fortinet Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

Synnex Corporation

TECHNOLOGY · ELECTRONICS & COMPUTER DISTRIBUTION · USA

SYNNEX Corporation provides business process services in the United States and internationally. The company is headquartered in Fremont, California.

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