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Flex Ltd. (FLEX)

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38.69 +2.30 (+6.32%)
As of 1:55 PM EST. Market Open.
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DELL
  • Previous Close 36.39
  • Open 37.85
  • Bid 38.64 x 100
  • Ask 38.73 x 100
  • Day's Range 37.50 - 39.17
  • 52 Week Range 18.80 - 39.17
  • Volume 3,565,726
  • Avg. Volume 3,269,068
  • Market Cap (intraday) 15.003B
  • Beta (5Y Monthly) 1.09
  • PE Ratio (TTM) 18.60
  • EPS (TTM) 2.08
  • Earnings Date Oct 30, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 40.80

Flex Ltd. provides manufacturing solutions to various brands in Asia, the Americas, and Europe. It operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise, and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution, including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise automotive including next generation mobility, autonomous, connectivity, electrification, and smart technologies; health solutions, such as medical devices, medical equipment, and drug delivery; and industrial solutions, including capital equipment, industrial devices, embedded and critical power offerings, and renewables and grid edge. In addition, it provides various services, including design and engineering, such as product design and engineering resources that provide design services, product development, systems integration services, and solutions; supply chain comprising manufacturing, customization, procurement, logistics services, and innovative supply chain solutions; manufacturing; logistics and value-added fulfillment, including warehousing and vendor managed inventory, omni-channel fulfillment, kitting, configuration, and postponement; and integrated reverse logistics and circular economy. Further, the company offers embedded and critical power solutions. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Austin, Texas.

www.flex.com

148,115

Full Time Employees

March 31

Fiscal Year Ends

Recent News: FLEX

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Performance Overview: FLEX

Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

FLEX
68.55%
S&P 500
24.12%

1-Year Return

FLEX
96.49%
S&P 500
35.84%

3-Year Return

FLEX
181.79%
S&P 500
26.03%

5-Year Return

FLEX
335.47%
S&P 500
92.55%

Compare To: FLEX

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Statistics: FLEX

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Valuation Measures

Annual
As of 11/5/2024
  • Market Cap

    14.11B

  • Enterprise Value

    15.70B

  • Trailing P/E

    17.50

  • Forward P/E

    14.90

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    0.60

  • Price/Book (mrq)

    2.82

  • Enterprise Value/Revenue

    0.62

  • Enterprise Value/EBITDA

    10.68

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    3.71%

  • Return on Assets (ttm)

    3.41%

  • Return on Equity (ttm)

    15.44%

  • Revenue (ttm)

    25.45B

  • Net Income Avi to Common (ttm)

    841M

  • Diluted EPS (ttm)

    2.08

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.6B

  • Total Debt/Equity (mrq)

    83.65%

  • Levered Free Cash Flow (ttm)

    1.27B

Research Analysis: FLEX

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 6.54B
Earnings 214M
Q4'23
Q1'24
Q2'24
Q3'24
0
2B
4B
6B
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

33.21 Low
40.80 Average
38.69 Current
45.00 High
 

Company Insights: FLEX

Research Reports: FLEX

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  • Positioning in high-growth markets, raising target to $45

    Flex is the largest global provider of electronic manufacturing services (EMS) and related competencies. In addition to its core printed circuit board (PCB) assembly and systems assembly businesses, the company provides design, logistics, components, enclosures and PCB manufacturing. Flex has expanded its customer base from OEM companies in traditional electronics and technology to nontraditional niches, such as consumer, medical and instrumentation, aerospace-defense and automotive.

    Rating
    Price Target
     
  • The major stock indices are flat at midday today. The 10-year Treasury note is

    The major stock indices are flat at midday today. The 10-year Treasury note is down 7 basis points (bps) at 4.30%. Oil is up 2% to $71 per barrel. It's a triple whammy week that features the U.S. presidential election is tomorrow, the Federal Reserve's next interest-rate decision on Thursday, and earnings reports that are churning out daily. We expect Fed policy makers to cut interest rates by 25 bps this week.

     
  • The Argus Mid-Cap Model Portfolio

    Small- and mid-cap stocks (SMID), despite bursts of outperformance, have underperformed large-caps year to date - as they have over the past five years. But they may be in a better position to generate market-beating returns going forward. SMID companies tend to focus on domestic markets, so their businesses could be less disrupted by the fallout from unrest in the Middle East, the Russian invasion of Ukraine, issues in China, or other geopolitical developments. As well, the prices of SMID stocks generally are lower than the prices of large-caps. SMID stocks can be risky, but despite those risks, diversified investors look to have exposure to small- and mid-caps based on the long-term performance record. We estimate that 20% of the U.S. stock market's capitalization is comprised of SMID stocks.

     
  • Margins expand; CFO transition

    Flex is the largest global provider of electronic manufacturing services (EMS) and related competencies. In addition to its core printed circuit board (PCB) assembly and systems assembly businesses, the company provides design, logistics, components, enclosures and PCB manufacturing. Flex has expanded its customer base from OEM companies in traditional electronics and technology to nontraditional niches, such as consumer, medical and instrumentation, aerospace-defense and automotive.

    Rating
    Price Target
     

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