(FLEX) Flex - Ratings and Ratios
Data Center, Communications, Consumer Devices, Automotive, Medical Devices
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 42.6% |
| Value at Risk 5%th | 62.7% |
| Relative Tail Risk | -10.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.40 |
| Alpha | 55.03 |
| CAGR/Max DD | 1.52 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.574 |
| Beta | 1.635 |
| Beta Downside | 1.938 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.99% |
| Mean DD | 6.85% |
| Median DD | 5.76% |
Description: FLEX Flex October 16, 2025
Flex Ltd. (NASDAQ:FLEX) is a global contract manufacturer that delivers technology-focused supply-chain and production services across a broad portfolio of end-markets, including data-center, communications, enterprise, consumer, automotive, industrial, healthcare, and power sectors.
The company operates through two primary segments. Flex Agility Solutions (FAS) targets high-volume, rapidly evolving product lines such as cloud-infrastructure equipment, smart-home appliances, and fast-turn consumer electronics. Flex Reliability Solutions (FRS) focuses on lower-volume, high-complexity projects like industrial capital equipment, automotive compute platforms, and regulated medical devices.
Beyond core manufacturing, Flex offers end-to-end services that span product design, engineering, procurement, logistics, and value-added fulfillment (e.g., warehousing, vendor-managed inventory, and omni-channel distribution). Its footprint spans the Americas, Europe, and Asia, with major facilities in China, Mexico, and the United States.
Key recent metrics (FY 2023): revenue of $27.5 billion, year-over-year growth of 4.2 % driven largely by data-center and automotive demand; adjusted EBITDA margin of 5.1 % (down from 6.3 % in FY 2022) reflecting higher labor costs in Asia; and a backlog of $14 billion, indicating a solid order pipeline but also exposure to macro-economic cycles in the electronics sector. The company’s earnings are sensitive to semiconductor supply constraints, freight-cost volatility, and the pace of AI-driven data-center expansion, which historically adds 1-2 % to contract manufacturing revenue growth per 10 % increase in global AI spend.
For a deeper, data-driven assessment of Flex’s valuation and risk profile, you may find the analyst tools on ValueRay useful for building a more granular financial model.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (876.0m TTM) > 0 and > 6% of Revenue (6% = 1.58b TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA -0.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 13.17% (prev 17.01%; Δ -3.84pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 1.70b > Net Income 876.0m (YES >=105%, WARN >=100%) |
| Net Debt (2.04b) to EBITDA (1.87b) ratio: 1.09 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (380.0m) change vs 12m ago -5.0% (target <= -2.0% for YES) |
| Gross Margin 8.90% (prev 5.91%; Δ 2.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 138.1% (prev 128.0%; Δ 10.14pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.47 (EBITDA TTM 1.87b / Interest Expense TTM 199.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.28
| (A) 0.18 = (Total Current Assets 13.84b - Total Current Liabilities 10.37b) / Total Assets 19.55b |
| (B) 0.09 = Retained Earnings (Balance) 1.68b / Total Assets 19.55b |
| (C) 0.07 = EBIT TTM 1.29b / Avg Total Assets 19.07b |
| (D) 0.36 = Book Value of Equity 5.24b / Total Liabilities 14.51b |
| Total Rating: 2.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 61.22
| 1. Piotroski 6.50pt |
| 2. FCF Yield 5.14% |
| 3. FCF Margin 4.52% |
| 4. Debt/Equity 0.85 |
| 5. Debt/Ebitda 1.09 |
| 6. ROIC - WACC (= 1.05)% |
| 7. RoE 17.42% |
| 8. Rev. Trend -36.33% |
| 9. EPS Trend 44.03% |
What is the price of FLEX shares?
Over the past week, the price has changed by +19.30%, over one month by +7.64%, over three months by +21.89% and over the past year by +79.51%.
Is FLEX a buy, sell or hold?
- Strong Buy: 6
- Buy: 4
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FLEX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 73.5 | 7.3% |
| Analysts Target Price | 73.5 | 7.3% |
| ValueRay Target Price | 108 | 57.7% |
FLEX Fundamental Data Overview December 03, 2025
P/E Trailing = 24.9119
P/E Forward = 18.5185
P/S = 0.8031
P/B = 4.3413
P/EG = 0.97
Beta = 1.239
Revenue TTM = 26.33b USD
EBIT TTM = 1.29b USD
EBITDA TTM = 1.87b USD
Long Term Debt = 3.01b USD (from longTermDebt, last quarter)
Short Term Debt = 676.0m USD (from shortTermDebt, last quarter)
Debt = 4.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.04b USD (from netDebt column, last quarter)
Enterprise Value = 23.19b USD (21.15b + Debt 4.29b - CCE 2.25b)
Interest Coverage Ratio = 6.47 (Ebit TTM 1.29b / Interest Expense TTM 199.0m)
FCF Yield = 5.14% (FCF TTM 1.19b / Enterprise Value 23.19b)
FCF Margin = 4.52% (FCF TTM 1.19b / Revenue TTM 26.33b)
Net Margin = 3.33% (Net Income TTM 876.0m / Revenue TTM 26.33b)
Gross Margin = 8.90% ((Revenue TTM 26.33b - Cost of Revenue TTM 23.99b) / Revenue TTM)
Gross Margin QoQ = 9.02% (prev 8.70%)
Tobins Q-Ratio = 1.19 (Enterprise Value 23.19b / Total Assets 19.55b)
Interest Expense / Debt = 1.21% (Interest Expense 52.0m / Debt 4.29b)
Taxrate = 24.05% (63.0m / 262.0m)
NOPAT = 977.5m (EBIT 1.29b * (1 - 24.05%))
Current Ratio = 1.33 (Total Current Assets 13.84b / Total Current Liabilities 10.37b)
Debt / Equity = 0.85 (Debt 4.29b / totalStockholderEquity, last quarter 5.04b)
Debt / EBITDA = 1.09 (Net Debt 2.04b / EBITDA 1.87b)
Debt / FCF = 1.72 (Net Debt 2.04b / FCF TTM 1.19b)
Total Stockholder Equity = 5.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.48% (Net Income 876.0m / Total Assets 19.55b)
RoE = 17.42% (Net Income TTM 876.0m / Total Stockholder Equity 5.03b)
RoCE = 16.00% (EBIT 1.29b / Capital Employed (Equity 5.03b + L.T.Debt 3.01b))
RoIC = 11.22% (NOPAT 977.5m / Invested Capital 8.71b)
WACC = 10.16% (E(21.15b)/V(25.44b) * Re(12.04%) + D(4.29b)/V(25.44b) * Rd(1.21%) * (1-Tc(0.24)))
Discount Rate = 12.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.64%
[DCF Debug] Terminal Value 69.55% ; FCFE base≈1.19b ; Y1≈1.47b ; Y5≈2.51b
Fair Price DCF = 63.03 (DCF Value 23.31b / Shares Outstanding 369.8m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 44.03 | EPS CAGR: 12.97% | SUE: 0.84 | # QB: 0
Revenue Correlation: -36.33 | Revenue CAGR: 0.74% | SUE: 0.28 | # QB: 0
EPS current Year (2026-03-31): EPS=3.15 | Chg30d=+0.117 | Revisions Net=+7 | Growth EPS=+18.9% | Growth Revenue=+5.0%
EPS next Year (2027-03-31): EPS=3.57 | Chg30d=+0.220 | Revisions Net=+7 | Growth EPS=+13.3% | Growth Revenue=+6.1%
Additional Sources for FLEX Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle