FLEX Stock Analysis: Flex | NASDAQ
Electronic Components | NASDAQ, USA | Market Cap: 41.003m USD | 12M Return: 130.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 569M
EPS Trend: 91.6%
Qual. Beats: 0
Rev. Trend: 25.7%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
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.
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: 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 (1.48b) to EBITDA (1.90b): 0.78 < 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) |
| A: 0.20 (Total Current Assets 18.2b - Total Current Liabilities 13.2b) / Total Assets 25.2b |
| B: 0.09 (Retained Earnings 2.16b / 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'' = 2.32 = BBB |
| 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 |
As of August 04, 2026, the stock is trading at USD 117.45 with a total of 4,275,486 shares traded. Over the past week, the price has changed by +1.19%, over one month by -15.29%, over three months by +27.89% and over the past year by +130.57%.
Current recommended Stop Loss: 105.70 (which is 10% or 1.2 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 | 160.5 | 36.7% |
P/E Trailing = 44.2332
P/E Forward = 22.2717
P/S = 1.401
P/B = 7.3378
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 = 4.32b USD (corrected: LT Debt 3.75b + ST Debt none) + Leases 565.0m
Net Debt = 1.48b USD (calculated: Debt 4.32b - CCE 2.84b)
Enterprise Value = 42.5b USD (41.0b + Debt 4.32b - CCE 2.84b)
Interest Coverage Ratio = 6.34 (Ebit TTM 1.46b / Interest Expense TTM 230.0m)
EV/FCF = 39.74x (Enterprise Value 42.5b / FCF TTM 1.07b)
FCF Yield = 2.52% (FCF TTM 1.07b / Enterprise Value 42.5b)
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 = 1.69 (Enterprise Value 42.5b / Total Assets 25.2b)
Interest Expense / Debt = 5.33% (Interest Expense 230.0m / Debt 4.32b)
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 = 0.78 (Debt 4.32b / totalStockholderEquity, last quarter 5.50b)
Debt / EBITDA = 0.78 (Net Debt 1.48b / EBITDA 1.90b)
Debt / FCF = 1.38 (Net Debt 1.48b / 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 = 13.20% (E(41.0b)/V(45.3b) * Re(14.16%) + D(4.32b)/V(45.3b) * Rd(5.33%) * (1-Tc(0.24)))
Discount Rate = 14.16% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -94.59 | Cagr: -5.52%
[DCF] Terminal Value 59.83% ; FCFF base≈1.08b ; Y1≈1.06b ; Y5≈1.06b
[DCF] Fair Price = 20.96 (EV 9.16b - Net Debt 1.48b = Equity 7.68b / Shares 366.4m; r=13.20% [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=+5.76% | Revisions=+62% | Analysts=9
EPS next Quarter (2026-12-31): EPS=1.24 | Chg30d=+4.76% | Revisions=+62% | Analysts=8
EPS current Year (2027-03-31): EPS=4.70 | Chg30d=+3.57% | Revisions=+75% | GrowthEPS=+42.5% | GrowthRev=+24.0%
EPS next Year (2028-03-31): EPS=7.07 | Chg30d=+1.70% | Revisions=+57% | GrowthEPS=+50.3% | GrowthRev=+29.4%
[Analyst] Revisions Ratio: +88% (up=23, down=0)