FLEX Stock Analysis: Flex | NASDAQ

Networking Equipment, Compute Systems, Medical Devices, Power

Total Rating 64

Safety 86

Buy Signal 0.54

Electronic Components
Industry Rotation: +38.8

Market Cap: 40.6B
Avg Turnover: 345M

Risk 3d forecast

Volatility48.7%

VaR 5^th Pctl7.91%

VaR vs Median-1.28%

Reward TTM

Sharpe Ratio1.27

Rel. Str. IBD91.9

Rel. Str. Peer Group75

Character TTM

Beta2.477

Beta Downside1.988

Hurst Exponent0.455

Drawdowns 3y

Max DD39.99%

CAGR/Max DD2.11

CAGR/Mean DD9.95

EPS (Earnings per Share)

EPS CAGR: 13.75%
EPS Trend: 91.6%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: 2.10%
Rev. Trend: 25.7%

Last SUE: 2.14
Qual. Beats: 3

Warnings

No concerns identified

Tailwinds

Rs Leader

Confidence

Seasonality 11.7 years of data

Jan +0.2% 10

Feb -0.5% 7

Mar -1.2% 27

Apr -1.1% 7

May +6.5% 45

Jun +0.6% 7

Jul -1.0% 8

Aug -0.1% 16

Sep -0.4% 2

Oct +0.9% 23

Nov +0.3% 2

Dec -2.0% 26

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: FLEX Flex

Flex Ltd. (NASDAQ: FLEX) is a global contract manufacturer operating in the Electronic Manufacturing Services (EMS) industry, providing technology innovation, supply chain, and manufacturing solutions across the Americas, Asia, and Europe. The company is organized into three reporting segments: Integrated Technology Solutions (ITS), Regulated Manufacturing Solutions (RMS), and Cloud and Power Infrastructure (CPI), serving a diverse customer base spanning data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power end-markets.

As an EMS provider, Flex typically delivers design, engineering, prototyping, and high-volume production services on behalf of original equipment manufacturers (OEMs), enabling customers to outsource non-core manufacturing activities. The ITS segment focuses on communications and lifestyle products, RMS covers regulated and industrial markets such as medical devices and automotive electronics, while CPI addresses high-growth areas including cloud computing infrastructure, advanced liquid cooling for power-dense data center workloads, and utility-level power delivery systems.

The company was founded in 1969 and is headquartered in Austin, Texas. It was formerly known as Flextronics International Ltd. and adopted the Flex Ltd. name in September 2016. The stock trades on NASDAQ under the ticker FLEX and is classified within the Information Technology sector under the GICS Electronic Manufacturing Services sub-industry.

Headlines to Watch Out For

AI capex boom fuels Cloud and Power Infrastructure segment growth
Liquid cooling orders surge as hyperscaler rack densities escalate
Automotive electrification drives power electronics platform revenue expansion

Piotroski VR-10 (Strict) 4.0

Net Income: 973.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.53 > 1.0
NWC/Revenue: 17.14% < 20% (prev 13.60%; Δ 3.54% < -1%)
CFO/TA 0.07 > 3% & CFO 1.80b > Net Income 973.0m
Net Debt (3.65b) to EBITDA (1.90b): 1.92 < 3
Current Ratio: 1.38 > 1.5 & < 3
Outstanding Shares: last quarter (374.0m) vs 12m ago -1.84% < -2%
Gross Margin: 9.49% > 18% (prev 8.67%; Δ 0.82% > 0.5%)
Asset Turnover: 132.0% > 50% (prev 136.3%; Δ -4.24% > 0%)
Interest Coverage Ratio: 6.34 > 6 (EBIT TTM 1.46b / Interest Expense TTM 230.0m)

Altman Z'' 2.36

A: 0.20 (Total Current Assets 18.2b - Total Current Liabilities 13.2b) / Total Assets 25.2b
B: 0.10 (Retained Earnings 2.45b / Total Assets 25.2b)
C: 0.07 (EBIT TTM 1.46b / Avg Total Assets 22.2b)
D: 0.28 (Book Value of Equity 5.50b / Total Liabilities 19.7b)
Altman-Z'' = 2.36 = BBB

Beneish M -3.05

DSRI: 0.96 (Receivables 5.04b/4.67b, Revenue 29.3b/26.1b)
GMI: 0.91 (GM 8.67% / 9.49%)
AQI: 1.01 (AQ_t 0.14 / AQ_t-1 0.14)
SGI: 1.12 (Revenue 29.3b / 26.1b)
TATA: -0.03 (NI 973.0m - CFO 1.80b) / TA 25.2b)
Beneish M = -3.05 (Cap -4..+1) = AA

What is the price of FLEX shares?

As of October 03, 2026, the stock is trading at USD 116.61 with a total of 1,948,511 shares traded. Over the past week, the price has changed by +1.68%, over one month by +10.06%, over three months by -14.80% and over the past year by +100.74%.

Current recommended Stop Loss: 103.30 (which is 11.4% or 2.5 ATR below the current price).

Is FLEX a buy, sell or hold?

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

What are the forecasts/targets for the FLEX price?

Analysts Target Price	160.5	37.6%

Flex (FLEX) - Fundamental Data Overview as of 02 October 2026

Market Cap USD = 40.6b (40.6b USD * 1.0 USD.USD)
P/E Trailing = 43.8207
P/E Forward = 24.1546
P/S = 1.3883
P/B = 7.5472
P/EG = 0.9351
Revenue TTM = 29.3b USD
EBIT TTM = 1.46b USD
EBITDA TTM = 1.90b USD
Long Term Debt = 3.75b USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 6.50b USD (from shortLongTermDebtTotal, last quarter) + Leases 565.0m
Net Debt = 3.65b USD (calculated: Debt 6.50b - CCE 2.84b)
Enterprise Value = 44.3b USD (40.6b + Debt 6.50b - CCE 2.84b)
Interest Coverage Ratio = 6.34 (Ebit TTM 1.46b / Interest Expense TTM 230.0m)
EV/FCF = 41.43x (Enterprise Value 44.3b / FCF TTM 1.07b)
FCF Yield = 2.41% (FCF TTM 1.07b / Enterprise Value 44.3b)
FCF Margin = 3.65% (FCF TTM 1.07b / Revenue TTM 29.3b)
Net Margin = 3.32% (Net Income TTM 973.0m / Revenue TTM 29.3b)
Gross Margin = 9.49% ((Revenue TTM 29.3b - Cost of Revenue TTM 26.5b) / Revenue TTM)
Gross Margin QoQ = 9.42% (prev 9.76%)
Tobins Q-Ratio = 1.76 (Enterprise Value 44.3b / Total Assets 25.2b)
Interest Expense / Debt = 3.54% (Interest Expense 230.0m / Debt 6.50b)
Taxrate = 23.63% (301.0m / 1.27b)
NOPAT = 1.11b (EBIT 1.46b * (1 - 23.63%))
Current Ratio = 1.38 (Total Current Assets 18.2b / Total Current Liabilities 13.2b)
Debt / Equity = 1.18 (Debt 6.50b / totalStockholderEquity, last quarter 5.50b)
Debt / EBITDA = 1.92 (Net Debt 3.65b / EBITDA 1.90b)
Debt / FCF = 3.42 (Net Debt 3.65b / FCF TTM 1.07b)
Total Stockholder Equity = 5.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.39% (Net Income 973.0m / Total Assets 25.2b)
RoE = 18.71% (Net Income TTM 973.0m / Total Stockholder Equity 5.20b)
RoCE = 16.30% (EBIT 1.46b / Capital Employed (Equity 5.20b + L.T.Debt 3.75b))
RoIC = 10.60% (NOPAT 1.11b / Invested Capital 10.5b)
WACC = 13.04% (E(40.6b)/V(47.1b) * Re(14.69%) + D(6.50b)/V(47.1b) * Rd(3.54%) * (1-Tc(0.24)))
Discount Rate = 14.69% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -94.59 | Cagr: -5.52%
[DCF] Terminal Value 60.27% ; FCFF base≈1.08b ; Y1≈1.06b ; Y5≈1.06b
[DCF] Fair Price = 15.26 (EV 9.29b - Net Debt 3.65b = Equity 5.64b / Shares 369.4m; r=13.04% [WACC]; 5y FCF grow -3.17% → 2.50% )
EPS Correlation: 91.59 | EPS CAGR: 13.75% | SUE: 0.0 | # QB: 0
Revenue Correlation: 25.72 | Revenue CAGR: 2.10% | SUE: 2.14 | # QB: 3
EPS current Quarter (2026-09-30): EPS=1.06 | Chg30d=+0.00% | Revisions=+67% | Analysts=10
EPS next Quarter (2026-12-31): EPS=1.23 | Chg30d=-0.54% | Revisions=+70% | Analysts=9
EPS current Year (2027-03-31): EPS=4.71 | Chg30d=-0.27% | Revisions=+58% | GrowthEPS=+42.8% | GrowthRev=+24.0%
EPS next Year (2028-03-31): EPS=7.06 | Chg30d=-0.75% | Revisions=+58% | GrowthEPS=+49.8% | GrowthRev=+29.9%
[Analyst] Revisions Ratio: +79% (up=29, down=2)