FLEX LTD (FLEX) Fundamental Analysis & Valuation

NASDAQ:FLEX • SG9999000020

63.29 USD
-0.1 (-0.16%)
At close: Mar 12, 2026
60.35 USD
-2.94 (-4.65%)
After Hours: 3/12/2026, 6:43:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This FLEX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to FLEX. FLEX was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. While FLEX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FLEX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

8

1. FLEX Profitability Analysis

1.1 Basic Checks

  • In the past year FLEX was profitable.
  • In the past year FLEX had a positive cash flow from operations.
  • Each year in the past 5 years FLEX has been profitable.
  • Each year in the past 5 years FLEX had a positive operating cash flow.
FLEX Yearly Net Income VS EBIT VS OCF VS FCFFLEX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B -3B -4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.64%, FLEX is in the better half of the industry, outperforming 69.35% of the companies in the same industry.
  • FLEX has a better Return On Equity (17.03%) than 85.48% of its industry peers.
  • FLEX has a better Return On Invested Capital (13.61%) than 90.32% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FLEX is in line with the industry average of 8.67%.
  • The 3 year average ROIC (10.04%) for FLEX is below the current ROIC(13.61%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.64%
ROE 17.03%
ROIC 13.61%
ROA(3y)4.59%
ROA(5y)4.5%
ROE(3y)16.82%
ROE(5y)18.19%
ROIC(3y)10.04%
ROIC(5y)9.71%
FLEX Yearly ROA, ROE, ROICFLEX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • With a decent Profit Margin value of 3.17%, FLEX is doing good in the industry, outperforming 65.32% of the companies in the same industry.
  • FLEX's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 5.28%, FLEX is doing good in the industry, outperforming 64.52% of the companies in the same industry.
  • FLEX's Operating Margin has improved in the last couple of years.
  • FLEX has a worse Gross Margin (9.27%) than 80.65% of its industry peers.
  • FLEX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 5.28%
PM (TTM) 3.17%
GM 9.27%
OM growth 3Y9.25%
OM growth 5Y13.24%
PM growth 3Y-3.34%
PM growth 5Y54.95%
GM growth 3Y4.92%
GM growth 5Y6.46%
FLEX Yearly Profit, Operating, Gross MarginsFLEX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. FLEX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FLEX is still creating some value.
  • FLEX has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, FLEX has less shares outstanding
  • FLEX has a worse debt/assets ratio than last year.
FLEX Yearly Shares OutstandingFLEX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FLEX Yearly Total Debt VS Total AssetsFLEX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 3.05 indicates that FLEX is not in any danger for bankruptcy at the moment.
  • FLEX's Altman-Z score of 3.05 is in line compared to the rest of the industry. FLEX outperforms 45.97% of its industry peers.
  • FLEX has a debt to FCF ratio of 3.18. This is a good value and a sign of high solvency as FLEX would need 3.18 years to pay back of all of its debts.
  • The Debt to FCF ratio of FLEX (3.18) is better than 71.77% of its industry peers.
  • A Debt/Equity ratio of 0.50 indicates that FLEX is not too dependend on debt financing.
  • FLEX's Debt to Equity ratio of 0.50 is on the low side compared to the rest of the industry. FLEX is outperformed by 73.39% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.18
Altman-Z 3.05
ROIC/WACC1.5
WACC9.07%
FLEX Yearly LT Debt VS Equity VS FCFFLEX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B

2.3 Liquidity

  • FLEX has a Current Ratio of 1.30. This is a normal value and indicates that FLEX is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.30, FLEX is doing worse than 78.23% of the companies in the same industry.
  • A Quick Ratio of 0.79 indicates that FLEX may have some problems paying its short term obligations.
  • FLEX has a worse Quick ratio (0.79) than 85.48% of its industry peers.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 0.79
FLEX Yearly Current Assets VS Current LiabilitesFLEX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FLEX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 24.90% over the past year.
  • Measured over the past years, FLEX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.40% on average per year.
  • Looking at the last year, FLEX shows a very negative growth in Revenue. The Revenue has decreased by -41.45% in the last year.
  • FLEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.29% yearly.
EPS 1Y (TTM)24.9%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%12.99%
Revenue 1Y (TTM)-41.45%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%7.66%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.64% on average over the next years. This is quite good.
  • FLEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.33% yearly.
EPS Next Y24.94%
EPS Next 2Y18.37%
EPS Next 3Y15.64%
EPS Next 5YN/A
Revenue Next Year6.69%
Revenue Next 2Y6.47%
Revenue Next 3Y6.33%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FLEX Yearly Revenue VS EstimatesFLEX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B
FLEX Yearly EPS VS EstimatesFLEX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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Find the best growth stocksShow best growing peers

6

4. FLEX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.35, FLEX is valued on the expensive side.
  • 79.03% of the companies in the same industry are more expensive than FLEX, based on the Price/Earnings ratio.
  • FLEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.71.
  • FLEX is valuated rather expensively with a Price/Forward Earnings ratio of 17.05.
  • FLEX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FLEX is cheaper than 76.61% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.82. FLEX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 20.35
Fwd PE 17.05
FLEX Price Earnings VS Forward Price EarningsFLEX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 77.42% of the companies in the same industry are more expensive than FLEX, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, FLEX is valued cheaply inside the industry as 81.45% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 20.03
EV/EBITDA 12.43
FLEX Per share dataFLEX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FLEX has an outstanding profitability rating, which may justify a higher PE ratio.
  • FLEX's earnings are expected to grow with 15.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)1.24
EPS Next 2Y18.37%
EPS Next 3Y15.64%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FLEX Dividend Analysis

5.1 Amount

  • FLEX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

FLEX Fundamentals: All Metrics, Ratios and Statistics

FLEX LTD

NASDAQ:FLEX (3/12/2026, 6:43:01 PM)

After market: 60.35 -2.94 (-4.65%)

63.29

-0.1 (-0.16%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-04
Earnings (Next)05-05
Inst Owners102.93%
Inst Owner Change-1.26%
Ins Owners0.61%
Ins Owner Change-1.91%
Market Cap23.27B
Revenue(TTM)26.84B
Net Income(TTM)852.00M
Analysts85.56
Price Target76.61 (21.05%)
Short Float %2.66%
Short Ratio2.35
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.63%
Min EPS beat(2)2.69%
Max EPS beat(2)8.58%
EPS beat(4)4
Avg EPS beat(4)6.74%
Min EPS beat(4)2.69%
Max EPS beat(4)12.72%
EPS beat(8)8
Avg EPS beat(8)9.98%
EPS beat(12)12
Avg EPS beat(12)11.12%
EPS beat(16)16
Avg EPS beat(16)11.33%
Revenue beat(2)1
Avg Revenue beat(2)0.45%
Min Revenue beat(2)-0.21%
Max Revenue beat(2)1.1%
Revenue beat(4)3
Avg Revenue beat(4)1.09%
Min Revenue beat(4)-0.21%
Max Revenue beat(4)2.91%
Revenue beat(8)5
Avg Revenue beat(8)1.31%
Revenue beat(12)7
Avg Revenue beat(12)0.99%
Revenue beat(16)11
Avg Revenue beat(16)1.8%
PT rev (1m)-0.13%
PT rev (3m)2.98%
EPS NQ rev (1m)3.05%
EPS NQ rev (3m)3.05%
EPS NY rev (1m)3.05%
EPS NY rev (3m)3.05%
Revenue NQ rev (1m)1.04%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)0.88%
Valuation
Industry RankSector Rank
PE 20.35
Fwd PE 17.05
P/S 0.87
P/FCF 20.03
P/OCF 13.65
P/B 4.65
P/tB 7.01
EV/EBITDA 12.43
EPS(TTM)3.11
EY4.91%
EPS(NY)3.71
Fwd EY5.87%
FCF(TTM)3.16
FCFY4.99%
OCF(TTM)4.64
OCFY7.33%
SpS72.99
BVpS13.6
TBVpS9.02
PEG (NY)0.82
PEG (5Y)1.24
Graham Number30.85
Profitability
Industry RankSector Rank
ROA 4.64%
ROE 17.03%
ROCE 16.61%
ROIC 13.61%
ROICexc 18.6%
ROICexgc 25.47%
OM 5.28%
PM (TTM) 3.17%
GM 9.27%
FCFM 4.33%
ROA(3y)4.59%
ROA(5y)4.5%
ROE(3y)16.82%
ROE(5y)18.19%
ROIC(3y)10.04%
ROIC(5y)9.71%
ROICexc(3y)13.93%
ROICexc(5y)13.91%
ROICexgc(3y)18.22%
ROICexgc(5y)18.63%
ROCE(3y)12.26%
ROCE(5y)11.85%
ROICexgc growth 3Y3.39%
ROICexgc growth 5Y7.06%
ROICexc growth 3Y5.37%
ROICexc growth 5Y7.71%
OM growth 3Y9.25%
OM growth 5Y13.24%
PM growth 3Y-3.34%
PM growth 5Y54.95%
GM growth 3Y4.92%
GM growth 5Y6.46%
F-Score6
Asset Turnover1.46
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.18
Debt/EBITDA 1.25
Cap/Depr 95.1%
Cap/Sales 2.02%
Interest Coverage 250
Cash Conversion 85.76%
Profit Quality 136.39%
Current Ratio 1.3
Quick Ratio 0.79
Altman-Z 3.05
F-Score6
WACC9.07%
ROIC/WACC1.5
Cap/Depr(3y)102.24%
Cap/Depr(5y)91.98%
Cap/Sales(3y)1.93%
Cap/Sales(5y)1.79%
Profit Quality(3y)82.06%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.9%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%12.99%
EPS Next Y24.94%
EPS Next 2Y18.37%
EPS Next 3Y15.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-41.45%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%7.66%
Revenue Next Year6.69%
Revenue Next 2Y6.47%
Revenue Next 3Y6.33%
Revenue Next 5YN/A
EBIT growth 1Y-27.22%
EBIT growth 3Y8.93%
EBIT growth 5Y14.71%
EBIT Next Year55.9%
EBIT Next 3Y20.8%
EBIT Next 5YN/A
FCF growth 1Y148.29%
FCF growth 3Y22.46%
FCF growth 5YN/A
OCF growth 1Y55.42%
OCF growth 3Y13.7%
OCF growth 5YN/A

FLEX LTD / FLEX FAQ

Can you provide the ChartMill fundamental rating for FLEX LTD?

ChartMill assigns a fundamental rating of 6 / 10 to FLEX.


What is the valuation status for FLEX stock?

ChartMill assigns a valuation rating of 6 / 10 to FLEX LTD (FLEX). This can be considered as Fairly Valued.


Can you provide the profitability details for FLEX LTD?

FLEX LTD (FLEX) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for FLEX stock?

The Earnings per Share (EPS) of FLEX LTD (FLEX) is expected to grow by 24.94% in the next year.