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FLEX LTD (FLEX) Stock Fundamental Analysis

NASDAQ:FLEX - Nasdaq - SG9999000020 - Common Stock - Currency: USD

51.85  +0.29 (+0.56%)

After market: 51.88 +0.03 (+0.06%)

Fundamental Rating

5

Overall FLEX gets a fundamental rating of 5 out of 10. We evaluated FLEX against 125 industry peers in the Electronic Equipment, Instruments & Components industry. FLEX scores excellent on profitability, but there are some minor concerns on its financial health. FLEX is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

FLEX had positive earnings in the past year.
In the past year FLEX had a positive cash flow from operations.
FLEX had positive earnings in each of the past 5 years.
FLEX had a positive operating cash flow in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B -3B -4B

1.2 Ratios

FLEX has a Return On Assets of 4.56%. This is in the better half of the industry: FLEX outperforms 69.60% of its industry peers.
FLEX has a Return On Equity of 16.75%. This is amongst the best in the industry. FLEX outperforms 86.40% of its industry peers.
FLEX has a better Return On Invested Capital (12.05%) than 88.00% 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 9.16%.
The last Return On Invested Capital (12.05%) for FLEX is above the 3 year average (10.04%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.56%
ROE 16.75%
ROIC 12.05%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

FLEX has a Profit Margin of 3.25%. This is in the better half of the industry: FLEX outperforms 67.20% of its industry peers.
FLEX's Profit Margin has improved in the last couple of years.
The Operating Margin of FLEX (4.86%) is better than 66.40% of its industry peers.
FLEX's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 8.64%, FLEX is not doing good in the industry: 81.60% of the companies in the same industry are doing better.
FLEX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.86%
PM (TTM) 3.25%
GM 8.64%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FLEX is creating some value.
The number of shares outstanding for FLEX has been reduced compared to 1 year ago.
Compared to 5 years ago, FLEX has less shares outstanding
The debt/assets ratio for FLEX is higher compared to a year ago.
FLEX Yearly Shares OutstandingFLEX Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

An Altman-Z score of 2.79 indicates that FLEX is not a great score, but indicates only limited risk for bankruptcy at the moment.
FLEX has a Altman-Z score of 2.79. This is in the lower half of the industry: FLEX underperforms 63.20% of its industry peers.
The Debt to FCF ratio of FLEX is 3.46, which is a good value as it means it would take FLEX, 3.46 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FLEX (3.46) is better than 66.40% of its industry peers.
FLEX has a Debt/Equity ratio of 0.50. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.50, FLEX is not doing good in the industry: 72.80% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.46
Altman-Z 2.79
ROIC/WACC1.26
WACC9.54%
FLEX Yearly LT Debt VS Equity VS FCFFLEX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 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 84.00% 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 87.20% 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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4

3. Growth

3.1 Past

FLEX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.74%.
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.
The Revenue for FLEX has decreased by -46.58% in the past year. This is quite bad
Measured over the past years, FLEX shows a small growth in Revenue. The Revenue has been growing by 1.29% on average per year.
EPS 1Y (TTM)4.74%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%28.07%
Revenue 1Y (TTM)-46.58%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%3.71%

3.2 Future

Based on estimates for the next years, FLEX will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.92% on average per year.
FLEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.52% yearly.
EPS Next Y13.24%
EPS Next 2Y12.59%
EPS Next 3Y9.92%
EPS Next 5YN/A
Revenue Next Year1.96%
Revenue Next 2Y3.29%
Revenue Next 3Y4.52%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FLEX Yearly Revenue VS EstimatesFLEX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

FLEX is valuated rather expensively with a Price/Earnings ratio of 19.57.
Based on the Price/Earnings ratio, FLEX is valued a bit cheaper than 79.20% of the companies in the same industry.
FLEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.30.
Based on the Price/Forward Earnings ratio of 17.28, the valuation of FLEX can be described as rather expensive.
Based on the Price/Forward Earnings ratio, FLEX is valued a bit cheaper than 76.00% of the companies in the same industry.
FLEX is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 19.57
Fwd PE 17.28
FLEX Price Earnings VS Forward Price EarningsFLEX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

80.80% of the companies in the same industry are more expensive than FLEX, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLEX indicates a rather cheap valuation: FLEX is cheaper than 84.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 18.16
EV/EBITDA 11.52
FLEX Per share dataFLEX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of FLEX may justify a higher PE ratio.
PEG (NY)1.48
PEG (5Y)1.19
EPS Next 2Y12.59%
EPS Next 3Y9.92%

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0

5. Dividend

5.1 Amount

No dividends for FLEX!.
Industry RankSector Rank
Dividend Yield N/A

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FLEX LTD

NASDAQ:FLEX (7/16/2025, 6:00:33 PM)

After market: 51.88 +0.03 (+0.06%)

51.85

+0.29 (+0.56%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)07-24 2025-07-24/bmo
Inst Owners103.5%
Inst Owner Change-0.01%
Ins Owners0.72%
Ins Owner Change2.74%
Market Cap19.38B
Analysts84.44
Price Target49.12 (-5.27%)
Short Float %2.72%
Short Ratio2.23
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)11.12%
Min EPS beat(2)2.98%
Max EPS beat(2)19.26%
EPS beat(4)4
Avg EPS beat(4)13.8%
Min EPS beat(4)2.98%
Max EPS beat(4)21.58%
EPS beat(8)8
Avg EPS beat(8)11.83%
EPS beat(12)12
Avg EPS beat(12)11.84%
EPS beat(16)16
Avg EPS beat(16)13.2%
Revenue beat(2)2
Avg Revenue beat(2)2.08%
Min Revenue beat(2)0.57%
Max Revenue beat(2)3.6%
Revenue beat(4)3
Avg Revenue beat(4)1.89%
Min Revenue beat(4)-1.46%
Max Revenue beat(4)4.85%
Revenue beat(8)4
Avg Revenue beat(8)0.81%
Revenue beat(12)8
Avg Revenue beat(12)1.72%
Revenue beat(16)11
Avg Revenue beat(16)1.56%
PT rev (1m)2.7%
PT rev (3m)-1.22%
EPS NQ rev (1m)0.2%
EPS NQ rev (3m)-1.96%
EPS NY rev (1m)1.02%
EPS NY rev (3m)2.23%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)-1.34%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)-0.1%
Valuation
Industry RankSector Rank
PE 19.57
Fwd PE 17.28
P/S 0.75
P/FCF 18.16
P/OCF 12.87
P/B 3.87
P/tB 5.84
EV/EBITDA 11.52
EPS(TTM)2.65
EY5.11%
EPS(NY)3
Fwd EY5.79%
FCF(TTM)2.86
FCFY5.51%
OCF(TTM)4.03
OCFY7.77%
SpS69.07
BVpS13.39
TBVpS8.88
PEG (NY)1.48
PEG (5Y)1.19
Profitability
Industry RankSector Rank
ROA 4.56%
ROE 16.75%
ROCE 14.71%
ROIC 12.05%
ROICexc 16.47%
ROICexgc 22.55%
OM 4.86%
PM (TTM) 3.25%
GM 8.64%
FCFM 4.13%
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%
ROICexcg growth 3Y3.39%
ROICexcg 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 Turnover1.4
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.46
Debt/EBITDA 1.38
Cap/Depr 81.26%
Cap/Sales 1.7%
Interest Coverage 5.86
Cash Conversion 83.89%
Profit Quality 127.33%
Current Ratio 1.3
Quick Ratio 0.79
Altman-Z 2.79
F-Score6
WACC9.54%
ROIC/WACC1.26
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)4.74%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%28.07%
EPS Next Y13.24%
EPS Next 2Y12.59%
EPS Next 3Y9.92%
EPS Next 5YN/A
Revenue 1Y (TTM)-46.58%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%3.71%
Revenue Next Year1.96%
Revenue Next 2Y3.29%
Revenue Next 3Y4.52%
Revenue Next 5YN/A
EBIT growth 1Y-41.44%
EBIT growth 3Y8.93%
EBIT growth 5Y14.71%
EBIT Next Year48.56%
EBIT Next 3Y17.28%
EBIT Next 5YN/A
FCF growth 1Y34.05%
FCF growth 3Y22.46%
FCF growth 5YN/A
OCF growth 1Y13.5%
OCF growth 3Y13.7%
OCF growth 5YN/A