CNXN - PC Connection Inc Stock Price, Fair Value and News

64.98USD-0.06 (-0.09%)Market Closed

Market Summary

USD64.98-0.06

Market Closed

-0.09%

CNXN Stock Price

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CNXN RSI Chart

CNXN Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

20.59

Price/Sales (Trailing)

0.6

EV/EBITDA

12.48

Price/Free Cashflow

8.66

CNXN Price/Sales (Trailing)

CNXN Profitability

Operating Margin

14.99%

EBT Margin

3.97%

Return on Equity

9.9%

Return on Assets

7.01%

Free Cashflow Yield

11.55%

CNXN Fundamentals

CNXN Revenue

Revenue (TTM)

2.9B

Rev. Growth (Yr)

-4.91%

Rev. Growth (Qtr)

0.49%

CNXN Earnings

Earnings (TTM)

83.3M

Earnings Growth (Yr)

26.32%

Earnings Growth (Qtr)

-7.11%

Breaking Down CNXN Revenue

Last 7 days

4.4%

Last 30 days

0.1%

Last 90 days

-1.9%

Trailing 12 Months

58.8%

How does CNXN drawdown profile look like?

CNXN Financial Health

Current Ratio

3.2

CNXN Investor Care

Dividend Yield

0.55%

Shares Dilution (1Y)

0.18%

Diluted EPS (TTM)

3.16

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	3.1B	3.0B	2.9B	2.9B
2022	3.0B	3.2B	3.2B	3.1B
2021	2.5B	2.7B	2.8B	2.9B
2020	2.9B	2.7B	2.6B	2.6B
2019	2.7B	2.7B	2.8B	2.8B
2018	2.9B	2.8B	2.8B	2.7B
2017	2.8B	2.9B	2.9B	2.9B
2016	2.6B	2.6B	2.6B	2.7B
2015	2.5B	2.5B	2.5B	2.6B
2014	2.3B	2.4B	2.4B	2.5B
2013	2.2B	2.2B	2.2B	2.2B
2012	2.1B	2.2B	2.2B	2.2B
2011	2.0B	2.1B	2.1B	2.1B
2010	0	1.7B	1.8B	2.0B
2009	0	0	0	1.6B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of PC Connection Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	mcgrath timothy j	acquired	-	-	10,000	president & ceo
Apr 01, 2024	mcgrath timothy j	sold (taxes)	-241,150	65.53	-3,680	president & ceo
Feb 23, 2024	baker thomas c	acquired	-	-	5,000	sr. vp, cfo & treasurer
Feb 23, 2024	baker thomas c	sold (taxes)	-88,429	68.18	-1,297	sr. vp, cfo & treasurer
Dec 17, 2023	kinyon gary	acquired	-	-	1,250	-
Dec 17, 2023	mcgrath timothy j	acquired	-	-	5,000	president & ceo
Dec 17, 2023	baker thomas c	acquired	-	-	5,000	sr. vp, cfo & treasurer
Dec 17, 2023	mcgrath timothy j	sold (taxes)	-132,742	67.45	-1,968	president & ceo
Dec 17, 2023	gallup patricia	acquired	-	-	1,250	chairman & chief admin officer
Dec 17, 2023	duckett barbara	acquired	-	-	1,250	-

Which funds bought or sold CNXN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-14.33	-46,000	242,000	-%
Apr 23, 2024	FIFTH THIRD BANCORP	unchanged	-	-139	7,120	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.75	-13,889	369,208	0.01%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	80,435	390,893	-%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-22,250	257,276	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.98	-14,000	453,000	-%
Apr 19, 2024	DENALI ADVISORS LLC	reduced	-0.63	-131,118	5,064,220	1.49%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	34.65	1,527,210	6,286,950	0.01%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-8.00	462	-%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	reduced	-68.68	-806,135	357,472	0.01%

Are Funds Buying or Selling CNXN?

Are funds buying CNXN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CNXN

No. of Funds

Unveiling PC Connection Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	dimensional fund advisors lp	7.3%	1,905,196	SC 13G/A
Feb 05, 2024	mawer investment management ltd.	4.53%	1,189,469	SC 13G/A
Jan 24, 2024	blackrock inc.	9.4%	2,477,290	SC 13G/A
Mar 15, 2023	gallup patricia	54.8%	14,413,627	SC 13D/A
Feb 13, 2023	mawer investment management ltd.	7.53%	1,978,800	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.1%	1,854,344	SC 13G/A
Jan 24, 2023	blackrock inc.	9.6%	2,510,632	SC 13G/A
May 12, 2022	gallup patricia	55.5%	14,570,538	SC 13D/A
Feb 08, 2022	dimensional fund advisors lp	6.9%	1,810,323	SC 13G/A
Feb 01, 2022	blackrock inc.	9.1%	2,393,075	SC 13G/A

Recent SEC filings of PC Connection Inc

View All Filings

Date Filed	Form Type	Document
Apr 02, 2024	4	Insider Trading
Mar 29, 2024	ARS	ARS
Mar 29, 2024	DEF 14A	DEF 14A
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to PC Connection Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.6T	385.7B	-3.17%	0.90%	25.53	6.68	-0.47%	6.03%
APH	68.6B	12.6B	-0.10%	48.44%	35.56	5.46	-0.54%	1.35%
FTV	28.3B	6.1B	-5.94%	20.49%	32.7	4.67	4.11%	14.65%
GLW	26.9B	12.6B	-3.19%	-6.33%	44.89	2.14	-11.28%	-55.18%
FLEX	12.0B	29.4B	-0.70%	38.16%	15.96	0.41	-1.12%	-8.06%
MID-CAP
CGNX	6.8B	837.5M	-5.57%	-18.88%	59.93	8.1	-16.75%	-47.46%
ARW	6.7B	33.1B	2.25%	10.64%	7.43	0.2	-10.82%	-36.63%
BMI	5.5B	740.8M	16.42%	38.91%	53.55	7.4	25.07%	42.99%
AVT	4.4B	25.6B	1.36%	18.06%	6.54	0.17	-2.73%	-21.96%
ESE	2.7B	968.8M	1.52%	7.15%	29.03	2.79	9.35%	8.73%
SMALL-CAP
CNXN	1.7B	2.9B	0.12%	58.79%	20.59	0.6	-8.78%	-6.67%
BHE	1.1B	2.8B	5.38%	41.42%	16.99	0.38	-1.64%	-5.74%
GPRO	273.0M	1.0B	-23.28%	-59.91%	-5.13	0.27	-8.05%	-284.36%
AEY	33.5M	56.7M	-20.00%	54.48%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.7M	27.6M	-5.85%	-35.16%	18.75	0.93	3.62%	-35.71%

PC Connection Inc News

Latest updates

PC Connection Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.5%	696	693	734	728	732	776	829	788	800	751	704	637	676	653	550	712	717	729	741	633	710
Gross Profit	-1.6%	130	132	128	122	124	137	137	128	127	121	116	101	109	108	89.00	113	116	119	117	99.00	107
S&GA Expenses	2.0%	102	100	101	103	100	105	102	98.00	96.00	93.00	93.00	86.00	89.00	87.00	77.00	92.00	87.00	86.00	85.00	81.00	80.00
EBITDA Margin	7.8%	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Interest Expenses	400.0%	0.00	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.27
Income Taxes	-9.2%	8.00	9.00	7.00	5.00	6.00	9.00	9.00	8.00	9.00	7.00	6.00	4.00	5.00	4.00	3.00	6.00	8.00	9.00	9.00	5.00	8.00
Earnings Before Taxes	-7.6%	32.00	35.00	27.00	19.00	25.00	32.00	35.00	30.00	31.00	27.00	24.00	14.00	21.00	21.00	11.00	21.00	30.00	33.00	33.00	18.00	29.00
EBT Margin	8.3%	0.04*	0.04*	0.03*	0.04*	0.04*	0.04*	0.04*	0.04*	0.03*	0.03*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Net Income	-7.1%	24.00	26.00	20.00	14.00	19.00	23.00	25.00	22.00	22.00	20.00	17.00	10.00	16.00	17.00	8.00	15.00	22.00	24.00	24.00	13.00	21.00
Net Income Margin	7.7%	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.02*	0.02*	0.02*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	-74.3%	12.00	48.00	114	17.00	17.00	22.00	28.00	-39.68	48.00	-24.38	24.00	5.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.6%	1,188	1,181	1,164	1,118	1,100	1,134	1,124	1,101	1,083	1,014	1,031	958	1,015	1,003	954	913	937	871	912	828	805
Current Assets	0.8%	1,049	1,041	1,022	974	954	986	975	951	932	862	878	803	859	844	792	749	776	710	754	672	669
Cash Equivalents	-39.7%	145	241	244	135	123	116	95.00	67.00	108	90.00	116	92.00	96.00	108	166	111	90.00	98.00	70.00	93.00	92.00
Inventory	-12.7%	124	142	160	199	209	213	223	235	207	175	167	141	141	135	166	137	125	126	176	138	119
Net PPE	-1.7%	57.00	58.00	58.00	58.00	59.00	60.00	60.00	61.00	61.00	61.00	61.00	62.00	62.00	63.00	65.00	66.00	64.00	62.00	59.00	55.00	52.00
Goodwill	0%	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00
Liabilities	-4.0%	348	362	370	342	334	378	392	395	401	328	366	311	379	375	343	311	340	288	352	291	279
Current Liabilities	-3.5%	328	340	347	318	311	353	367	370	375	293	330	275	342	338	308	277	309	257	321	259	260
Shareholder's Equity	2.6%	841	819	794	776	766	756	732	705	682	686	666	647	636	628	611	603	597	583	560	538	526
Retained Earnings	2.9%	761	739	716	698	686	676	653	628	606	610	590	572	562	554	537	530	515	501	477	454	441
Additional Paid-In Capital	0.0%	131	131	129	127	126	126	125	124	122	122	122	121	120	120	120	119	118	117	117	116	116
Shares Outstanding	0.3%	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	510	-	-	-	495	-	-	-	508	-	-	-	507	-	-	-	388	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-75.5%	12,289	50,220	115,940	19,505	19,200	24,084	29,890	-38,285	48,920	-22,986	25,858	5,962	-10,301	-56,012	57,855	44,556	-3,419	36,693	-14,769	18,098	5,586
Share Based Compensation	-10.7%	1,597	1,789	1,783	1,853	1,603	1,282	1,408	1,382	1,113	1,026	1,026	1,066	802	618	624	624	604	426	564	269	343
Cashflow From Investing	-103.4%	-104,148	-51,194	-2,978	-1,882	-2,102	-2,410	-2,114	-2,451	-3,141	-2,481	-2,208	-903	-1,422	-1,397	-3,619	-4,595	-5,035	-6,744	-7,305	-6,572	-5,597
Cashflow From Financing	-47.8%	-3,696	-2,500	-3,789	-5,743	-10,358	-380	-289	-165	-27,197	-470	-242	-8,457	-673	-483	384	-18,698	25.00	-1,199	-1,657	-9,759	-10,529
Dividend Payments	0.1%	2,103	2,101	2,099	2,107	-	-	-	-	26,224	-	-	8,375	-	-	-	8,427	-	-	-	8,452	-1.00
Buy Backs	-	-	-	1,969	3,423	-	-	-	-	-	-	-	-	-	-	-	10,222	115	862	2,207	1,294	10,991

CNXN Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Income
Net sales	$ 2,850,644	$ 3,124,996	$ 2,892,595
Cost of sales	2,338,908	2,598,819	2,428,016
Gross profit	511,736	526,177	464,579
Selling, general and administrative expenses	405,896	405,625	368,062
Restructuring and other charges	2,687
Income from operations	103,153	120,552	96,517
Other income, net	9,961	1,083	5
Income before taxes	113,114	121,635	96,522
Income tax provision	(29,843)	(32,416)	(26,616)
Net income	$ 83,271	$ 89,219	$ 69,906
Earnings per common share:
Basic	$ 3.17	$ 3.40	$ 2.67
Diluted	$ 3.15	$ 3.37	$ 2.65
Shares used in computation of earnings per common share:
Basic	26,287	26,279	26,196
Diluted	26,429	26,443	26,364

CNXN Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 144,954	$ 122,930
Short-term investments	152,232
Accounts receivable, net	606,834	610,280
Inventories, net	124,179	208,682
Income taxes receivable	4,348
Prepaid expenses and other current assets	16,092	11,900
Total current assets	1,048,639	953,792
Property and equipment, net	56,658	59,171
Right-of-use assets	4,340	7,558
Goodwill	73,602	73,602
Intangible, net	3,428	4,648
Other assets	1,714	1,055
Total Assets	1,188,381	1,099,826
Current Liabilities:
Accounts payable	263,682	232,638
Accrued payroll	20,440	24,071
Accrued expenses and other liabilities	43,843	53,808
Total current liabilities	327,965	310,517
Deferred income taxes	15,844	17,970
Noncurrent operating lease liabilities	3,181	4,994
Other liabilities	624	170
Total Liabilities	347,614	333,651
Stockholders' Equity:
Common Stock, $.01 par value, 100,000 shares authorized, 29,262 and 29,123 issued, 26,360 and 26,350 outstanding at December 31, 2023 and 2022, respectively	293	291
Additional paid-in capital	130,878	125,784
Retained earnings	760,898	686,037
Accumulated other comprehensive income	81
Treasury stock at cost, 2,902 and 2,773 shares at December 31, 2023 and 2022, respectively	(51,383)	(45,937)
Total Stockholders' Equity	840,767	766,175
Total Liabilities and Stockholders' Equity	$ 1,188,381	$ 1,099,826

About PC Connection Inc

PC Connection, Inc., together with its subsidiaries, provides various information technology (IT) solutions worldwide. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, including computer systems, data center solutions, software and peripheral equipment, networking communications, and other products and accessories; and portfolio of managed services and professional services, as well as provides services related to design, configuration, and implementation of IT solutions. The company markets its products and services through its websites comprising connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses that include small office/home office customers; government and educational institutions; medium-to-large corporate accounts through outbound telemarketing and field sales; digital, web, and print media advertising; and targeted marketing program to specific customer populations. The company was founded in 1982 and is headquartered in Merrimack, New Hampshire.

CEO	Mr. Timothy J. McGrath
WEBSITE	connection.com
INDUSTRY	Consumer Electronics
EMPLOYEES	2685

PC Connection Inc Frequently Asked Questions

What is the ticker symbol for PC Connection Inc? What does CNXN stand for in stocks?

CNXN is the stock ticker symbol of PC Connection Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of PC Connection Inc (CNXN)?

As of Tue Apr 23 2024, market cap of PC Connection Inc is 1.71 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CNXN stock?

You can check CNXN's fair value in chart for subscribers.

What is the fair value of CNXN stock?

You can check CNXN's fair value in chart for subscribers. The fair value of PC Connection Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of PC Connection Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CNXN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is PC Connection Inc a good stock to buy?

The fair value guage provides a quick view whether CNXN is over valued or under valued. Whether PC Connection Inc is cheap or expensive depends on the assumptions which impact PC Connection Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CNXN.

What is PC Connection Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, CNXN's PE ratio (Price to Earnings) is 20.59 and Price to Sales (PS) ratio is 0.6. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CNXN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on PC Connection Inc's stock?

In the past 10 years, PC Connection Inc has provided 0.133 (multiply by 100 for percentage) rate of return.