FLEX Stock Analysis: Flex | NASDAQ

Networking Equipment, Compute Systems, Medical Devices, Power

Total Rating 56

Safety 75

Buy Signal 0.08

Electronic Components
Industry Rotation: -25.2

Market Cap: 34.4B
Avg Turnover: 504M

Risk 3d forecast

Volatility89.1%

VaR 5^th Pctl14.7%

VaR vs Median0.36%

Reward TTM

Sharpe Ratio0.70

Rel. Str. IBD52.2

Rel. Str. Peer Group73.1 pctl

Character TTM

Beta2.526

Beta Downside2.128

Hurst Exponent0.438

Choppyness67.3%

Drawdowns 3y

Max DD52.77%

CAGR/Max DD1.22

CAGR/Mean DD6.89

EPS (Earnings per Share)

EPS CAGR: 16.71%
EPS Trend: 93.8%

Last SUE: 2.83
Qual. Beats: 1

Revenue

Rev. CAGR: 6.69%
Rev. Trend: 70.7%

Last SUE: 1.97
Qual. Beats: 4

Warnings

Below Avwap Earnings

Below Sma 200d

Tailwinds

Pead

Garp

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 -0.5% 8

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: 1.04b TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA -2.35 > 1.0
NWC/Revenue: 16.56% < 20% (prev 13.17%; Δ 3.39% < -1%)
CFO/TA 0.06 > 3% & CFO 1.61b > Net Income 1.04b
Net Debt (3.46b) to EBITDA (2.03b): 1.71 < 3
Current Ratio: 1.34 > 1.5 & < 3
Outstanding Shares: last quarter (374.0m) vs 12m ago -1.58% < -2%
Gross Margin: 9.61% > 18% (prev 8.90%; Δ 0.71% > 0.5%)
Asset Turnover: 131.9% > 50% (prev 134.7%; Δ -2.79% > 0%)
Interest Coverage Ratio: 6.41 > 6 (EBIT TTM 1.58b / Interest Expense TTM 247.0m)

Altman Z'' 2.22

A: 0.19 (Total Current Assets 20.2b - Total Current Liabilities 15.0b) / Total Assets 27.4b
B: 0.08 (Retained Earnings 2.16b / Total Assets 27.4b)
C: 0.07 (EBIT TTM 1.58b / Avg Total Assets 23.5b)
D: 0.27 (Book Value of Equity 5.81b / Total Liabilities 21.6b)
Altman-Z'' = 2.22 = BBB

Beneish M -2.96

DSRI: 1.05 (Receivables 5.78b/4.68b, Revenue 31.0b/26.3b)
GMI: 0.93 (GM 8.90% / 9.61%)
AQI: 0.94 (AQ_t 0.13 / AQ_t-1 0.14)
SGI: 1.18 (Revenue 31.0b / 26.3b)
TATA: -0.02 (NI 1.04b - CFO 1.61b) / TA 27.4b)
Beneish M = -2.96 (Cap -4..+1) = A

What is the price of FLEX shares?

As of October 31, 2026, the stock is trading at USD 86.48 with a total of 4,095,324 shares traded. Over the past week, the price has changed by +12.97%, over one month by -24.03%, over three months by -22.72% and over the past year by +35.15%.

Current recommended Stop Loss: 78.10 (which is 9.7% or 1.3 ATR below the current price).

Is FLEX a buy, sell or hold?

Flex has received a consensus analysts rating of 4.73. Therefore, it is recommended to buy FLEX.

StrongBuy: 8
Buy: 3
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the FLEX price?

Analysts Target Price	153.7	77.7%

Flex (FLEX) - Fundamental Data Overview as of 31 October 2026

Market Cap USD = 34.4b (34.4b USD * 1.0 USD.USD)
P/E Trailing = 35.9344
P/E Forward = 20.0
P/S = 1.1109
P/B = 5.9189
P/EG = 0.9351
Revenue TTM = 31.0b USD
EBIT TTM = 1.58b USD
EBITDA TTM = 2.03b USD
Long Term Debt = 3.75b USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 6.55b USD (from shortLongTermDebtTotal, last quarter) + Leases 565.0m
Net Debt = 3.46b USD (calculated: Debt 6.55b - CCE 3.08b)
Enterprise Value = 37.9b USD (34.4b + Debt 6.55b - CCE 3.08b)
Interest Coverage Ratio = 6.41 (Ebit TTM 1.58b / Interest Expense TTM 247.0m)
EV/FCF = 36.89x (Enterprise Value 37.9b / FCF TTM 1.03b)
FCF Yield = 2.71% (FCF TTM 1.03b / Enterprise Value 37.9b)
FCF Margin = 3.31% (FCF TTM 1.03b / Revenue TTM 31.0b)
Net Margin = 3.35% (Net Income TTM 1.04b / Revenue TTM 31.0b)
Gross Margin = 9.61% ((Revenue TTM 31.0b - Cost of Revenue TTM 28.0b) / Revenue TTM)
Gross Margin QoQ = 9.56% (prev 9.42%)
Tobins Q-Ratio = 1.38 (Enterprise Value 37.9b / Total Assets 27.4b)
Interest Expense / Debt = 3.77% (Interest Expense 247.0m / Debt 6.55b)
Taxrate = 24.96% (345.0m / 1.38b)
NOPAT = 1.19b (EBIT 1.58b * (1 - 24.96%))
Current Ratio = 1.34 (Total Current Assets 20.2b / Total Current Liabilities 15.0b)
Debt / Equity = 1.13 (Debt 6.55b / totalStockholderEquity, last quarter 5.81b)
Debt / EBITDA = 1.71 (Net Debt 3.46b / EBITDA 2.03b)
Debt / FCF = 3.38 (Net Debt 3.46b / FCF TTM 1.03b)
Total Stockholder Equity = 5.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.42% (Net Income 1.04b / Total Assets 27.4b)
RoE = 19.23% (Net Income TTM 1.04b / Total Stockholder Equity 5.39b)
RoCE = 17.32% (EBIT 1.58b / Capital Employed (Equity 5.39b + L.T.Debt 3.75b))
RoIC = 11.03% (NOPAT 1.19b / Invested Capital 10.8b)
WACC = 12.31% (E(34.4b)/V(40.9b) * Re(14.11%) + D(6.55b)/V(40.9b) * Rd(3.77%) * (1-Tc(0.25)))
Discount Rate = 14.11% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: -93.66 | Cagr: -4.11%
[DCF] Terminal Value 60.14% ; FCFF base≈1.09b ; Y1≈968.4m ; Y5≈800.1m
[DCF] Fair Price = 11.69 (EV 7.78b - Net Debt 3.46b = Equity 4.32b / Shares 369.5m; r=12.31% [WACC]; 5y FCF grow -13.85% → 2.50% )
EPS Correlation: 93.79 | EPS CAGR: 16.71% | SUE: 2.83 | # QB: 1
Revenue Correlation: 70.73 | Revenue CAGR: 6.69% | SUE: 1.97 | # QB: 4
EPS current Quarter (2026-12-31): EPS=1.25 | Chg30d=+1.30% | Revisions=-25% | Analysts=7
EPS current Year (2027-03-31): EPS=5.04 | Chg30d=+6.91% | Revisions=-25% | GrowthEPS=+52.6% | GrowthRev=+27.0%
EPS next Year (2028-03-31): EPS=7.72 | Chg30d=+9.42% | Revisions=-25% | GrowthEPS=+53.3% | GrowthRev=+31.1%
[Analyst] Revisions Ratio: -50% (up=0, down=3)