Overview Dividends

(FLEX) Flex - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: SG9999000020

Manufacturing, Electronics, Supply Chain, Engineering

Electronic Manufacturing Services
Market Cap in USD: 22,946m

IPO / Inception: 1994-03-18
Return 12m vs S&P 500: 26.4%

EPS (Earnings per Share)

EPS CAGR: -44.86%
EPS Trend: -13.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 0.74%
Rev. Trend: -36.3%

Last SUE: 0.28
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	42.2%
Value at Risk 5%th	60.0%
Relative Tail Risk	-13.62%

Reward TTM
Sharpe Ratio	1.02
Alpha	19.21
CAGR/Max DD	1.64

Character TTM
Hurst Exponent	0.559
Beta	1.713
Beta Downside	2.058

Drawdowns 3y
Max DD	39.99%
Mean DD	7.03%
Median DD	5.92%

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) 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

(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) 57.82

1. Piotroski 6.50pt

2. FCF Yield 4.77%

3. FCF Margin 4.52%

4. Debt/Equity 0.85

5. Debt/Ebitda 1.09

6. ROIC - WACC (= 0.77)%

7. RoE 17.42%

8. Rev. Trend -36.33%

9. EPS Trend -13.28%

What is the price of FLEX shares?

As of January 10, 2026, the stock is trading at USD 61.50 with a total of 2,761,235 shares traded.
Over the past week, the price has changed by -3.42%, over one month by -10.22%, over three months by +3.14% and over the past year by +52.95%.

Is FLEX a buy, sell or hold?

Flex has received a consensus analysts rating of 4.45. Therefore, it is recommended to buy FLEX.

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	74.5	21.2%
Analysts Target Price	74.5	21.2%
ValueRay Target Price	97	57.7%

FLEX Fundamental Data Overview January 09, 2026

P/E Trailing = 27.0308
P/E Forward = 16.9492
P/S = 0.8714
P/B = 4.5065
P/EG = 0.97
Beta = 1.232
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 = 24.99b USD (22.95b + Debt 4.29b - CCE 2.25b)
Interest Coverage Ratio = 6.47 (Ebit TTM 1.29b / Interest Expense TTM 199.0m)
FCF Yield = 4.77% (FCF TTM 1.19b / Enterprise Value 24.99b)
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 = 1.28 (Enterprise Value 24.99b / 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 = 4.59% (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 = 10.45% (E(22.95b)/V(27.24b) * Re(12.23%) + D(4.29b)/V(27.24b) * Rd(1.21%) * (1-Tc(0.24)))
Discount Rate = 12.23% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.64%
[DCF Debug] Terminal Value 73.73% ; FCFF base≈1.19b ; Y1≈1.47b ; Y5≈2.51b
Fair Price DCF = 70.75 (EV 28.21b - Net Debt 2.04b = Equity 26.16b / Shares 369.8m; r=10.45% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -13.28 | EPS CAGR: -44.86% | SUE: -4.0 | # 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=+0.000 | Revisions Net=+7 | Growth EPS=+18.9% | Growth Revenue=+5.0%
EPS next Year (2027-03-31): EPS=3.57 | Chg30d=+0.000 | Revisions Net=+7 | Growth EPS=+13.3% | Growth Revenue=+6.1%

Additional Sources for FLEX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle