(FLEX) Flex - Overview
Sector: Technology | Industry: Electronic Components | Exchange: NASDAQ (USA) | Market Cap: 52.480m USD | Total Return: 244.2% in 12m
Avg Turnover: 812M
EPS Trend: 89.2%
Qual. Beats: 2
Rev. Trend: -22.7%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind, Confidence
Flex Ltd. is a global provider of design, manufacturing, and supply chain solutions, operating primarily in the Electronic Manufacturing Services (EMS) sector. The company utilizes a diversified business model split into two segments: Flex Agility Solutions, which focuses on high-velocity consumer and communications infrastructure, and Flex Reliability Solutions, which manages complex, regulated production for the automotive, healthcare, and industrial markets.
The EMS industry typically operates on high volume and low margins, requiring significant scale and geographic diversity to mitigate regional supply chain disruptions. Flex addresses these requirements through a lifecycle service suite that includes product engineering, global procurement, and value-added fulfillment across the Americas, Asia, and Europe.
For a deeper look into the companys valuation metrics and historical performance, consider checking ValueRay. This comprehensive service model allows Flex to integrate directly into the capital equipment and medical device sectors, where specialized production environments and long-term reliability are critical to maintaining market share.
- Hyperscale data center demand fuels high-margin cloud infrastructure revenue growth
- Automotive electrification and power electronics adoption drive long-term segment expansion
- Global supply chain diversification mitigates geopolitical risk and manufacturing concentration
- Transition toward complex reliability solutions improves consolidated operating margins
- Cyclical consumer electronics spending volatility pressures agility segment performance
| Net Income: 880.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.04 > 1.0 |
| NWC/Revenue: 15.46% < 20% (prev 11.59%; Δ 3.87% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.69b > Net Income 880.0m |
| Net Debt (2.60b) to EBITDA (2.00b): 1.30 < 3 |
| Current Ratio: 1.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (374.0m) vs 12m ago -3.86% < -2% |
| Gross Margin: 9.32% > 18% (prev 0.08%; Δ 923.4% > 0.5%) |
| Asset Turnover: 138.0% > 50% (prev 140.4%; Δ -2.39% > 0%) |
| Interest Coverage Ratio: 6.66 > 6 (EBITDA TTM 2.00b / Interest Expense TTM 215.0m) |
| A: 0.20 (Total Current Assets 16.3b - Total Current Liabilities 12.0b) / Total Assets 22.1b |
| B: 0.10 (Retained Earnings 2.16b / Total Assets 22.1b) |
| C: 0.07 (EBIT TTM 1.43b / Avg Total Assets 20.2b) |
| D: 0.13 (Book Value of Equity 2.16b / Total Liabilities 16.9b) |
| Altman-Z'' = 2.21 = BBB |
| DSRI: 1.18 (Receivables 4.68b/3.67b, Revenue 27.9b/25.8b) |
| GMI: 0.90 (GM 9.32% / 8.36%) |
| AQI: 0.81 (AQ_t 0.12 / AQ_t-1 0.14) |
| SGI: 1.08 (Revenue 27.9b / 25.8b) |
| TATA: -0.04 (NI 880.0m - CFO 1.69b) / TA 22.1b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at USD 144.85 with a total of 4,923,948 shares traded.
Over the past week, the price has changed by +10.14%,
over one month by +66.19%,
over three months by +129.85% and
over the past year by +244.23%.
Flex has received a consensus analysts rating of 4.45. Therefore, it is recommended to buy FLEX.
- StrongBuy: 6
- Buy: 4
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 159 | 9.8% |
P/E Trailing = 61.4764
P/E Forward = 30.9598
P/S = 1.8801
P/B = 10.2022
P/EG = 0.9351
Revenue TTM = 27.9b USD
EBIT TTM = 1.43b USD
EBITDA TTM = 2.00b USD
Long Term Debt = 3.75b USD (from longTermDebt, last quarter)
Short Term Debt = 675.0m USD (from shortTermDebt, two quarters ago)
Debt = 4.99b USD (corrected: LT Debt 3.75b + ST Debt 675.0m) + Leases 565.0m
Net Debt = 2.60b USD (calculated: Debt 4.99b - CCE 2.39b)
Enterprise Value = 55.1b USD (52.5b + Debt 4.99b - CCE 2.39b)
Interest Coverage Ratio = 6.66 (Ebit TTM 1.43b / Interest Expense TTM 215.0m)
EV/FCF = 52.36x (Enterprise Value 55.1b / FCF TTM 1.05b)
FCF Yield = 1.91% (FCF TTM 1.05b / Enterprise Value 55.1b)
FCF Margin = 3.77% (FCF TTM 1.05b / Revenue TTM 27.9b)
Net Margin = 3.15% (Net Income TTM 880.0m / Revenue TTM 27.9b)
Gross Margin = 9.32% ((Revenue TTM 27.9b - Cost of Revenue TTM 25.3b) / Revenue TTM)
Gross Margin QoQ = 9.76% (prev 9.71%)
Tobins Q-Ratio = 2.50 (Enterprise Value 55.1b / Total Assets 22.1b)
Interest Expense / Debt = 4.31% (Interest Expense 215.0m / Debt 4.99b)
Taxrate = 20.63% (65.0m / 315.0m)
NOPAT = 1.14b (EBIT 1.43b * (1 - 20.63%))
Current Ratio = 1.36 (Total Current Assets 16.3b / Total Current Liabilities 12.0b)
Debt / Equity = 0.97 (Debt 4.99b / totalStockholderEquity, last quarter 5.14b)
Debt / EBITDA = 1.30 (Net Debt 2.60b / EBITDA 2.00b)
Debt / FCF = 2.47 (Net Debt 2.60b / FCF TTM 1.05b)
Total Stockholder Equity = 5.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.35% (Net Income 880.0m / Total Assets 22.1b)
RoE = 17.26% (Net Income TTM 880.0m / Total Stockholder Equity 5.10b)
RoCE = 16.18% (EBIT 1.43b / Capital Employed (Equity 5.10b + L.T.Debt 3.75b))
RoIC = 11.32% (NOPAT 1.14b / Invested Capital 10.0b)
WACC = 12.15% (E(52.5b)/V(57.5b) * Re(12.98%) + D(4.99b)/V(57.5b) * Rd(4.31%) * (1-Tc(0.21)))
Discount Rate = 12.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -6.59%
[DCF] Terminal Value 63.10% ; FCFF base≈1.06b ; Y1≈1.05b ; Y5≈1.09b
[DCF] Fair Price = 21.03 (EV 10.3b - Net Debt 2.60b = Equity 7.71b / Shares 366.4m; r=12.15% [WACC]; 5y FCF grow -1.41% → 2.50% )
EPS Correlation: 89.25 | EPS CAGR: 11.57% | SUE: 1.26 | # QB: 2
Revenue Correlation: -22.69 | Revenue CAGR: -1.89% | SUE: 3.90 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.91 | Chg30d=+9.80% | Revisions=+56% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.98 | Chg30d=+11.30% | Revisions=+56% | Analysts=7
EPS current Year (2027-03-31): EPS=4.50 | Chg30d=+23.35% | Revisions=+64% | GrowthEPS=+36.5% | GrowthRev=+19.6%
EPS next Year (2028-03-31): EPS=6.79 | Chg30d=+67.42% | Revisions=+50% | GrowthEPS=+50.7% | GrowthRev=+31.3%
[Analyst] Revisions Ratio: +64%