Electrovaya (NASDAQ:ELVA) versus TD SYNNEX (NYSE:SNX) Critical Contrast

TD SYNNEX (NYSE:SNX) and Electrovaya (NASDAQ:ELVA) are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, earnings, risk, analyst recommendations and valuation.

Risk and Volatility

TD SYNNEX has a beta of 1.23, suggesting that its share price is 23% more volatile than the S&P 500. Comparatively, Electrovaya has a beta of 1.41, suggesting that its share price is 41% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and target prices for TD SYNNEX and Electrovaya, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TD SYNNEX	0	2	8	1	2.91
Electrovaya	0	2	2	1	2.80

TD SYNNEX currently has a consensus target price of $186.50, suggesting a potential downside of 13.14%. Electrovaya has a consensus target price of $11.17, suggesting a potential upside of 15.96%. Given Electrovaya’s higher probable upside, analysts clearly believe Electrovaya is more favorable than TD SYNNEX.

Institutional & Insider Ownership

84.0% of TD SYNNEX shares are owned by institutional investors. Comparatively, 22.5% of Electrovaya shares are owned by institutional investors. 0.7% of TD SYNNEX shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Valuation and Earnings

This table compares TD SYNNEX and Electrovaya”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
TD SYNNEX	$62.51 billion	0.28	$827.66 million	$12.03	17.85
Electrovaya	$63.83 million	7.24	$3.36 million	$0.12	80.25

TD SYNNEX has higher revenue and earnings than Electrovaya. TD SYNNEX is trading at a lower price-to-earnings ratio than Electrovaya, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares TD SYNNEX and Electrovaya’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
TD SYNNEX	1.52%	14.03%	3.63%
Electrovaya	7.07%	14.29%	7.33%

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support. In addition, the company offers outsourced fulfillment, virtual distribution, and direct ship to end-users; shipping documents generation, multi-level serial number tracking, and configured products and online order and shipment tracking, as well as turn-key logistics solutions. Further, it provides public cloud solutions in productivity and collaboration, IaaS, or Infrastructure as a Service, PaaS, or Platform as a Service, SaaS, or Software as a Service, security, mobility, IoT, and other hybrid solutions. Additionally, the company offers online services; provides net terms, third party leasing, floor plan financing, and letters-of-credit backed financing and arrangement; and leases products and provides device-as-a-service, as well as offers direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was founded in 1974 and is headquartered in Fremont, California.

About Electrovaya

Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.