(FLEX) Flex - Overview
Stock: Manufacturing, Electronics, Supply Chain, Engineering
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 64.4% |
| Relative Tail Risk | -10.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.94 |
| Alpha | 24.92 |
| Character TTM | |
|---|---|
| Beta | 1.659 |
| Beta Downside | 1.861 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.99% |
| CAGR/Max DD | 1.42 |
Description: FLEX Flex December 19, 2025
Flex Ltd. (NASDAQ:FLEX) is a global contract manufacturer that delivers technology-innovation, supply-chain, and production services across a broad portfolio that includes data-center and cloud infrastructure, consumer electronics, automotive electronics, industrial equipment, and medical devices. The business is organized into two operating segments: Flex Agility Solutions (FAS), which focuses on high-volume, rapidly changing products such as smartphones, smart-home appliances, and edge-computing hardware; and Flex Reliability Solutions (FRS), which handles low-volume, high-complexity programs like automotive power-electronics, renewable-energy hardware, and regulated medical devices.
In FY 2023 Flex generated $27.4 billion in revenue, with an operating margin of roughly 4.2 % and a free-cash-flow conversion of 6 %. The company’s “high-mix, low-volume” FRS segment contributed about 28 % of total revenue but delivered a disproportionate share of operating profit, reflecting the premium pricing of specialized, regulated products. Flex’s cash-conversion cycle has tightened to 45 days, indicating improved working-capital efficiency relative to the 2022 average of 52 days.
Key macro drivers for Flex include the accelerating demand for data-center capacity (driven by AI and cloud workloads), the electrification of vehicles (which fuels growth in automotive power-electronics), and the resurgence of near-shoring in electronics manufacturing as companies seek to reduce geopolitical risk and supply-chain latency. Flex’s exposure to these trends is quantified by a 12-month forward-looking revenue mix that is estimated to be 35 % data-center/edge, 25 % automotive, and 20 % consumer electronics, with the remainder split among industrial and medical segments.
For a deeper, data-driven assessment of Flex’s valuation and risk profile, you may find the analytics on ValueRay worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 852.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -1.77 > 1.0 |
| NWC/Revenue: 16.01% < 20% (prev 15.55%; Δ 0.46% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.71b > Net Income 852.0m |
| Net Debt (2.54b) to EBITDA (1.76b): 1.45 < 3 |
| Current Ratio: 1.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (376.0m) vs 12m ago -4.57% < -2% |
| Gross Margin: 9.07% > 18% (prev 0.07%; Δ 900.5% > 0.5%) |
| Asset Turnover: 137.3% > 50% (prev 130.9%; Δ 6.38% > 0%) |
| Interest Coverage Ratio: 4.55 > 6 (EBITDA TTM 1.76b / Interest Expense TTM 207.0m) |
Altman Z'' 2.11
| A: 0.21 (Total Current Assets 15.15b - Total Current Liabilities 10.86b) / Total Assets 20.82b |
| B: 0.06 (Retained Earnings 1.28b / Total Assets 20.82b) |
| C: 0.05 (EBIT TTM 942.0m / Avg Total Assets 19.55b) |
| D: 0.22 (Book Value of Equity 3.41b / Total Liabilities 15.70b) |
| Altman-Z'' Score: 2.11 = BBB |
Beneish M -3.44
| DSRI: 0.85 (Receivables 3.84b/4.01b, Revenue 26.84b/23.92b) |
| GMI: 0.72 (GM 9.07% / 6.55%) |
| AQI: 0.85 (AQ_t 0.13 / AQ_t-1 0.15) |
| SGI: 1.12 (Revenue 26.84b / 23.92b) |
| TATA: -0.04 (NI 852.0m - CFO 1.71b) / TA 20.82b) |
| Beneish M-Score: -3.44 (Cap -4..+1) = AA |
What is the price of FLEX shares?
Over the past week, the price has changed by +1.49%, over one month by +3.12%, over three months by +1.06% and over the past year by +44.59%.
Is FLEX a buy, sell or hold?
- StrongBuy: 6
- Buy: 4
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FLEX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 76.1 | 19% |
| Analysts Target Price | 76.1 | 19% |
| ValueRay Target Price | 96.3 | 50.5% |
FLEX Fundamental Data Overview February 07, 2026
P/E Forward = 16.2602
P/S = 0.8381
P/B = 4.2489
P/EG = 0.97
Revenue TTM = 26.84b USD
EBIT TTM = 942.0m USD
EBITDA TTM = 1.76b USD
Long Term Debt = 2.48b USD (from longTermDebt, last fiscal year)
Short Term Debt = 675.0m USD (from shortTermDebt, last quarter)
Debt = 5.60b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.54b USD (from netDebt column, last quarter)
Enterprise Value = 25.04b USD (22.49b + Debt 5.60b - CCE 3.06b)
Interest Coverage Ratio = 4.55 (Ebit TTM 942.0m / Interest Expense TTM 207.0m)
EV/FCF = 21.55x (Enterprise Value 25.04b / FCF TTM 1.16b)
FCF Yield = 4.64% (FCF TTM 1.16b / Enterprise Value 25.04b)
FCF Margin = 4.33% (FCF TTM 1.16b / Revenue TTM 26.84b)
Net Margin = 3.17% (Net Income TTM 852.0m / Revenue TTM 26.84b)
Gross Margin = 9.07% ((Revenue TTM 26.84b - Cost of Revenue TTM 24.40b) / Revenue TTM)
Gross Margin QoQ = 9.71% (prev 9.02%)
Tobins Q-Ratio = 1.20 (Enterprise Value 25.04b / Total Assets 20.82b)
Interest Expense / Debt = 1.04% (Interest Expense 58.0m / Debt 5.60b)
Taxrate = 25.31% (81.0m / 320.0m)
NOPAT = 703.6m (EBIT 942.0m * (1 - 25.31%))
Current Ratio = 1.40 (Total Current Assets 15.15b / Total Current Liabilities 10.86b)
Debt / Equity = 1.09 (Debt 5.60b / totalStockholderEquity, last quarter 5.12b)
Debt / EBITDA = 1.45 (Net Debt 2.54b / EBITDA 1.76b)
Debt / FCF = 2.19 (Net Debt 2.54b / FCF TTM 1.16b)
Total Stockholder Equity = 5.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.36% (Net Income 852.0m / Total Assets 20.82b)
RoE = 16.83% (Net Income TTM 852.0m / Total Stockholder Equity 5.06b)
RoCE = 12.49% (EBIT 942.0m / Capital Employed (Equity 5.06b + L.T.Debt 2.48b))
RoIC = 8.06% (NOPAT 703.6m / Invested Capital 8.73b)
WACC = 9.79% (E(22.49b)/V(28.09b) * Re(12.03%) + D(5.60b)/V(28.09b) * Rd(1.04%) * (1-Tc(0.25)))
Discount Rate = 12.03% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -7.14%
[DCF Debug] Terminal Value 75.68% ; FCFF base≈1.23b ; Y1≈1.52b ; Y5≈2.59b
Fair Price DCF = 79.97 (EV 32.12b - Net Debt 2.54b = Equity 29.57b / Shares 369.8m; r=9.79% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 64.85 | EPS CAGR: 14.71% | SUE: 1.45 | # QB: 1
Revenue Correlation: -32.56 | Revenue CAGR: 0.80% | SUE: 0.95 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.83 | Chg30d=+0.020 | Revisions Net=+1 | Analysts=6
EPS next Year (2027-03-31): EPS=3.63 | Chg30d=+0.062 | Revisions Net=+0 | Growth EPS=+11.8% | Growth Revenue=+6.2%