Ann: Dividend Update and Guidance for FY17, page-9

	Direct Competitor Comparison

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11	Column 12	Column 13	Column 14	Column 15	Column 16	Column 17	Column 18	Column 19	Column 20	Column 21	Column 22	Column 23	Column 24	Column 25	Column 26	Column 27	Column 28	Column 29	Column 30	Column 31	Column 32	Column 33	Column 34	Column 35	Column 36	Column 37	Column 38	Column 39	Column 40	Column 41	Column 42	Column 43	Column 44	Column 45	Column 46	Column 47	Column 48	Column 49	Column 50	Column 51	Column 52	Column 53	Column 54	Column 55	Column 56	Column 57	Column 58	Column 59	Column 60	Column 61	Column 62	Column 63	Column 64	Column 65	Column 66
0		SNX	IM	TECD	ARW	IndustryMarket Cap:	4.81b	5.82b	3.30b	6.71b	637.97mEmployees:	105,500	N/A	9,000	18,700	821.00Qtrly Rev Growth (yoy):	0.10	N/A	0.01	-0.05	0.15Revenue (ttm):	14.06b	N/A	26.29b	23.83b	160.57mGross Margin (ttm):	0.09	N/A	0.05	0.13	0.38EBITDA (ttm):	515.54m	N/A	366.15m	1.08b	23.66mOperating Margin (ttm):	0.03	N/A	0.01	0.04	0.07Net Income (ttm):	232.53m	N/A	212.42m	522.75m	N/AEPS (ttm):	5.88	1.81	6.01	5.68	0.22P/E (ttm):	20.46	21.46	15.56	13.29	23.99PEG (5 yr expected):	1.27	N/A	-24.15	1.33	1.38P/S (ttm):	0.33	N/A	0.12	0.27	2.53

[/table]

	Column 1
0

	Column 1
0	IM = Ingram Micro Inc.
1	TECD = Tech Data Corporation
2	ARW = Arrow Electronics, Inc.

yahoo data shows quick comparison of similar companies ave pe of these is 18.95 so ddr is undervalued on comparison of pe.