(FLEX) Flex - NASDAQ
Sector: Technology | Industry: Electronic Components | Exchange: NASDAQ (USA) | Market Cap: 54.081m USD | Total Return: 218.5% in 12m
Avg Turnover: 906M
EPS Trend: 89.2%
Qual. Beats: 2
Rev. Trend: -22.7%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Rs Leader, Idiosyncratic Leader, Confidence, Tailwind, Pullback 52w
Flex Ltd. (NASDAQ: FLEX) is a global provider of technology innovation, supply chain, and manufacturing solutions, serving data center, communications, enterprise, consumer, automotive, industrial, healthcare, and power industries across the Americas, Asia, and Europe. The company operates through three segments: Integrated Technology Solutions (ITS), which focuses on communications and lifestyle products; Regulated Manufacturing Solutions (RMS), covering industrial, automotive, and healthcare manufacturing; and Cloud and Power Infrastructure (CPI), which provides compute systems, liquid cooling, and power infrastructure for data center applications. Headquartered in Austin, Texas, Flex was founded in 1969 and was previously known as Flextronics International Ltd. before rebranding in September 2016.
The company operates within the Electronic Manufacturing Services (EMS) sub-industry, a contract-based business model in which manufacturers design, engineer, assemble, and manage supply chains on behalf of original equipment manufacturers (OEMs). EMS providers typically derive revenue from long-standing customer relationships across diverse end markets, which can help offset cyclicality in any single industry segment. The growing demand for high-density compute, AI-driven data center infrastructure, and liquid cooling solutions has been a notable tailwind for the broader EMS sector.
- AI cloud capex surge drives CPI liquid cooling demand
- EV power electronics adoption lifts automotive compute revenue
- Higher-mix shift toward CPI and automotive expands operating margins
| 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 (2.49b) to EBITDA (1.93b): 1.29 < 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 8.36%; Δ 0.95% > 0.5%) |
| Asset Turnover: 138.0% > 50% (prev 140.4%; Δ -2.39% > 0%) |
| Interest Coverage Ratio: 6.34 > 6 (EBIT TTM 1.36b / 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 1.36b / Avg Total Assets 20.2b) |
| D: 0.30 (Book Value of Equity 5.14b / Total Liabilities 16.9b) |
| Altman-Z'' = 2.38 = BBB |
| DSRI: 1.45 (Receivables 5.74b/3.67b, Revenue 27.9b/25.8b) |
| GMI: 0.90 (GM 8.36% / 9.32%) |
| 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 = -2.81 (Cap -4..+1) = A |
As of June 22, 2026, the stock is trading at USD 147.61 with a total of 80,915,300 shares traded. Over the past week, the price has changed by -2.88%, over one month by +12.62%, over three months by +126.95% and over the past year by +218.47%.
Current recommended Stop Loss: 50.10 (which is 66.1% or 10.9 ATR below the current price).
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 | 160.4 | 8.7% |
P/E Trailing = 63.0812
P/E Forward = 31.8471
P/S = 1.9374
P/B = 10.5134
P/EG = 0.9351
Revenue TTM = 27.9b USD
EBIT TTM = 1.36b USD
EBITDA TTM = 1.93b USD
Long Term Debt = 3.75b USD (from longTermDebt, last quarter)
Short Term Debt = 675.0m USD (from shortTermDebt, two quarters ago)
Debt = 4.88b USD (from shortLongTermDebtTotal, last quarter) + Leases 565.0m
Net Debt = 2.49b USD (calculated: Debt 4.88b - CCE 2.39b)
Enterprise Value = 56.6b USD (54.1b + Debt 4.88b - CCE 2.39b)
Interest Coverage Ratio = 6.34 (Ebit TTM 1.36b / Interest Expense TTM 215.0m)
EV/FCF = 53.78x (Enterprise Value 56.6b / FCF TTM 1.05b)
FCF Yield = 1.86% (FCF TTM 1.05b / Enterprise Value 56.6b)
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 = 2.56 (Enterprise Value 56.6b / Total Assets 22.1b)
Interest Expense / Debt = 4.40% (Interest Expense 215.0m / Debt 4.88b)
Taxrate = 23.01% (263.0m / 1.14b)
NOPAT = 1.05b (EBIT 1.36b * (1 - 23.01%))
Current Ratio = 1.36 (Total Current Assets 16.3b / Total Current Liabilities 12.0b)
Debt / Equity = 0.95 (Debt 4.88b / totalStockholderEquity, last quarter 5.14b)
Debt / EBITDA = 1.29 (Net Debt 2.49b / EBITDA 1.93b)
Debt / FCF = 2.37 (Net Debt 2.49b / 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 = 15.42% (EBIT 1.36b / Capital Employed (Equity 5.10b + L.T.Debt 3.75b))
RoIC = 12.14% (NOPAT 1.05b / Invested Capital 8.65b)
WACC = 12.50% (E(54.1b)/V(59.0b) * Re(13.32%) + D(4.88b)/V(59.0b) * Rd(4.40%) * (1-Tc(0.23)))
Discount Rate = 13.32% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -100.00 | Cagr: -6.59%
[DCF] Terminal Value 62.11% ; FCFF base≈1.06b ; Y1≈1.05b ; Y5≈1.09b
[DCF] Fair Price = 20.36 (EV 9.95b - Net Debt 2.49b = Equity 7.46b / Shares 366.4m; r=12.50% [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=0.92 | Chg30d=+11.03% | Revisions=+56% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.99 | Chg30d=+11.96% | Revisions=+56% | Analysts=8
EPS current Year (2027-03-31): EPS=4.54 | Chg30d=+23.80% | Revisions=+69% | GrowthEPS=+37.6% | GrowthRev=+19.5%
EPS next Year (2028-03-31): EPS=6.95 | Chg30d=+68.87% | Revisions=+50% | GrowthEPS=+53.0% | GrowthRev=+31.0%
[Analyst] Revisions Ratio: +69%