FLEX - Flex Ltd Stock Price, Fair Value and News

28.89USD-0.25 (-0.86%)Delayed as of 08 May 2024, 12:46 pm ET

Market Summary

USD28.89-0.25

Delayedas of 08 May 2024, 12:46 pm

-0.86%

FLEX Stock Price

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FLEX RSI Chart

FLEX Valuation

Market Cap

12.3B

Price/Earnings (Trailing)

16.29

Price/Sales (Trailing)

0.42

EV/EBITDA

9.59

Price/Free Cashflow

26.21

FLEX Price/Sales (Trailing)

FLEX Profitability

Operating Margin

7.80%

EBT Margin

3.67%

Return on Equity

12.62%

Return on Assets

3.7%

Free Cashflow Yield

3.81%

FLEX Fundamentals

FLEX Revenue

Revenue (TTM)

29.4B

Rev. Growth (Yr)

-8.42%

Rev. Growth (Qtr)

-4.93%

FLEX Earnings

Earnings (TTM)

753.0M

Earnings Growth (Yr)

-14.35%

Earnings Growth (Qtr)

-13.6%

Breaking Down FLEX Revenue

52 Week Range

20.8329.23

(Low)(High)

Last 7 days

1.7%

Last 30 days

0.2%

Last 90 days

18.9%

Trailing 12 Months

39.9%

How does FLEX drawdown profile look like?

FLEX Financial Health

Current Ratio

1.59

Debt/Equity

0.58

Debt/Cashflow

0.32

FLEX Investor Care

Buy Backs (1Y)

6.63%

Diluted EPS (TTM)

1.69

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	30.3B	30.3B	30.0B	29.4B
2022	26.0B	27.0B	28.6B	29.7B
2021	24.1B	25.3B	25.6B	25.5B
2020	24.2B	23.2B	23.1B	23.3B
2019	26.2B	26.0B	25.4B	25.0B
2018	25.4B	25.8B	26.2B	26.4B
2017	23.9B	24.0B	24.3B	24.9B
2016	24.4B	24.7B	24.4B	23.8B
2015	26.1B	25.1B	24.9B	24.6B
2014	26.1B	27.0B	27.1B	26.9B
2013	23.6B	23.4B	23.6B	24.7B
2012	29.3B	27.8B	26.0B	24.6B
2011	28.5B	29.4B	30.1B	29.8B
2010	24.1B	24.9B	26.4B	27.6B
2009	30.9B	28.4B	25.4B	23.8B
2008	27.6B	28.4B	29.3B	30.1B

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

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Tracking the Latest Insider Buys and Sells of Flex Ltd

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 15, 2024	hurlston michael e.	acquired	-	-	934	-
Mar 13, 2024	tan kwang hooi	sold	-231,235	28.8072	-8,027	group president
Mar 12, 2024	wendler daniel	sold	-53,728	28.8861	-1,860	chief accounting officer
Mar 07, 2024	hartung michael p	sold	-1,323,580	30.5105	-43,381	group president
Feb 23, 2024	sidelinger rebecca	sold	-382,807	27.9932	-13,675	group president
Feb 21, 2024	offer david scott	sold	-2,055,840	27.4112	-75,000	evp, general counsel
Feb 20, 2024	offer david scott	sold	-2,063,810	27.5175	-75,000	evp, general counsel
Feb 16, 2024	ward pat	gifted	-	-	-9,871	-
Feb 16, 2024	ward pat	gifted	-	-	9,871	-
Jan 16, 2024	tan lay koon	acquired	-	-	1,154	-

Which funds bought or sold FLEX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	CORBYN INVESTMENT MANAGEMENT INC/MD	reduced	-0.08	-142,473	2,175,530	0.96%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-55,529	-	-%
May 06, 2024	Manchester Capital Management LLC	added	81.82	474	1,145	-%
May 06, 2024	Carnegie Capital Asset Management, LLC	added	9.2	37,422	1,493,930	0.05%
May 06, 2024	HighTower Advisors, LLC	reduced	-7.42	-469,000	3,121,000	-%
May 06, 2024	LSV ASSET MANAGEMENT	reduced	-0.92	-14,900,000	199,760,000	0.41%
May 06, 2024	SG Americas Securities, LLC	added	24.57	37,000	251,000	-%
May 06, 2024	Hilltop National Bank	new	-	138,701	138,701	0.05%
May 06, 2024	DiNuzzo Private Wealth, Inc.	unchanged	-	-198	3,062	-%
May 06, 2024	Parallel Advisors, LLC	unchanged	-	-1,745	26,979	-%

Are Funds Buying or Selling FLEX?

Are funds buying FLEX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FLEX

No. of Funds

Unveiling Flex Ltd's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 11, 2024	fmr llc	-	0	SC 13G/A
Feb 13, 2024	janus henderson group plc	6.5%	28,096,966	SC 13G/A
Feb 12, 2024	primecap management co/ca/	10.42%	45,139,254	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 08, 2024	wellington management group llp	5.56%	24,101,224	SC 13G/A
Jul 10, 2023	fmr llc	-	0	SC 13G
Feb 13, 2023	janus henderson group plc	5.9%	26,869,680	SC 13G
Feb 09, 2023	primecap management co/ca/	11.46%	51,875,426	SC 13G/A
Feb 06, 2023	wellington management group llp	6.95%	31,484,108	SC 13G/A
Sep 12, 2022	fmr llc	-	0	SC 13G/A

Recent SEC filings of Flex Ltd

View All Filings

Date Filed	Form Type	Document
May 07, 2024	144	Notice of Insider Sale Intent
May 01, 2024	8-K	Current Report
Apr 16, 2024	4	Insider Trading
Mar 13, 2024	144	Notice of Insider Sale Intent
Mar 13, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading
Mar 12, 2024	144	Notice of Insider Sale Intent
Mar 11, 2024	SC 13G/A	Major Ownership Report
Mar 08, 2024	4	Insider Trading
Mar 07, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Flex Ltd)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.8T	381.6B	7.54%	5.11%	27.86	7.33	-0.90%	6.43%
APH	74.9B	12.8B	6.23%	65.48%	36.76	5.83	1.52%	6.35%
GLW	28.6B	12.4B	2.70%	6.20%	46.36	2.31	-9.51%	-33.28%
FTV	27.1B	6.1B	-8.59%	18.87%	30.14	4.42	3.71%	17.79%
FLEX	12.3B	29.4B	0.24%	39.85%	16.29	0.42	-1.12%	-8.06%
MID-CAP
CGNX	7.9B	847.2M	13.56%	-7.48%	79.08	9.3	-8.39%	-42.67%
ARW	6.8B	31.3B	-0.25%	7.84%	9.48	0.22	-14.93%	-46.67%
BMI	5.6B	740.8M	20.51%	39.19%	54.92	7.59	25.07%	42.99%
AVT	4.6B	24.7B	5.30%	23.61%	8.08	0.19	-6.09%	-33.76%
ESE	2.8B	968.8M	5.52%	13.28%	30.28	2.91	9.35%	8.73%
SMALL-CAP
CNXN	1.6B	2.8B	-4.93%	60.32%	20.06	0.6	-10.09%	0.74%
BHE	1.4B	2.8B	30.69%	87.76%	21.39	0.5	-4.25%	-5.27%
GPRO	278.0M	986.2M	-9.80%	-57.11%	-0.77	0.28	-6.21%	-5303.34%
AEY	32.0M	56.7M	-14.40%	28.92%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.7M	26.4M	-1.11%	-35.97%	33.46	0.97	-2.48%	-64.63%

Flex Ltd News

Latest updates

Flex Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-4.9%	7,103	7,471	7,336	7,477	7,756	7,766	7,347	6,851	6,619	6,229	6,342	6,266	6,720	5,985	5,153	5,484	6,461	6,088	6,176	6,226	6,923
Gross Profit	-3.5%	642	665	587	556	583	591	535	505	491	465	471	509	479	395	304	366	430	189	353	380	357
S&GA Expenses	-2.9%	264	272	270	266	243	245	241	254	225	213	201	205	223	193	191	201	218	205	210	227	238
EBITDA Margin	7.7%	0.05*	0.04*	0.04*	0.04*	0.04*	0.04*	0.05*	0.05*	0.05*	0.05*	0.05*	0.04*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.9%	-36.00	-35.00	-41.00	-51.00	-54.00	-47.00	-49.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes	191.4%	74.00	-81.00	28.00	-155	25.00	34.00	37.00	27.00	16.00	35.00	27.00	21.00	25.00	40.00	15.00	-3.12	34.00	21.00	19.00	28.00	13.00
Earnings Before Taxes	-5.5%	307	325	239	208	262	272	232	198	243	371	233	261	233	153	67.00	46.00	145	-96.00	64.00	-36.52	-31.91
EBT Margin	6.7%	0.04*	0.03*	0.03*	0.03*	0.03*	0.03*	0.04*	0.04*	0.04*	0.04*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Net Income	-13.6%	197	228	186	142	230	232	189	168	227	336	206	240	208	113	52.00	48.00	111	-117	45.00	-64.35	-45.17
Net Income Margin	-2.1%	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.04*	0.04*	0.04*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	-24.9%	154	205	-161	270	200	-86.00	-69.00	250	27.00	88.00	216	71.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-2.9%	20,366	20,968	20,936	21,395	20,892	20,623	20,054	19,325	18,175	16,711	16,192	15,836	15,668	15,001	14,133	13,690	14,135	14,277	14,429	13,499	13,975
Current Assets	-3.8%	14,877	15,463	15,540	16,021	15,819	15,630	15,147	14,337	13,213	12,183	11,729	11,363	11,111	10,479	9,562	9,086	9,361	9,493	9,387	9,103	9,492
Cash Equivalents	-4.7%	2,764	2,900	2,660	3,294	2,565	2,453	2,647	2,964	2,574	2,458	2,693	2,637	2,611	2,359	1,935	1,923	1,789	1,816	1,920	1,697	1,503
Inventory	-4.9%	6,815	7,166	7,526	7,530	7,838	7,726	7,243	6,580	5,958	5,168	4,444	3,895	3,699	3,611	3,483	3,785	3,684	3,721	3,746	3,723	3,898
Net PPE	0%	2,328	2,328	2,363	2,349	2,289	2,201	2,135	2,125	2,112	2,100	2,087	2,097	2,097	2,106	2,163	2,216	2,206	2,217	2,310	2,336	2,214
Goodwill	0.8%	1,348	1,337	1,344	1,343	1,340	1,325	1,336	1,342	272	1,085	1,094	1,090	1,109	1,088	1,075	1,065	1,070	1,062	1,077	1,073	1,079
Liabilities	-4.7%	13,921	14,612	15,150	15,689	16,290	16,353	15,879	15,118	-	-	-	12,400	-	-	-	-	-	-	-	-	-
Current Liabilities	-7.1%	9,386	10,106	10,638	10,855	11,668	12,146	11,590	10,711	9,642	8,688	8,138	7,834	7,519	7,157	6,795	7,211	7,551	7,558	7,438	7,598	7,504
Long Term Debt	0.6%	3,431	3,412	3,444	3,691	3,522	3,081	3,129	3,248	3,798	3,501	3,505	3,515	3,740	3,739	3,423	2,689	2,701	2,958	2,962	2,422	2,906
LT Debt, Current	-	3.00	-	151	150	494	916	946	949	648	284	274	268	72.00	63.00	162	149	89.00	32.00	276	633	43.00
LT Debt, Non Current	0.6%	3,431	3,412	3,444	3,691	3,522	3,081	3,129	3,248	3,798	3,501	3,505	3,515	3,740	3,739	3,423	2,689	2,701	2,958	2,962	2,422	2,906
Shareholder's Equity	-6.2%	5,965	6,356	5,786	5,351	4,505	4,180	4,091	4,129	3,655	3,514	3,508	3,436	3,381	3,115	2,940	2,831	2,899	2,806	3,002	2,973	3,078
Retained Earnings	134.9%	51.00	-146	-374	-560	-702	-932	-1,164	-1,353	-1,520	-1,747	-2,083	-2,289	-2,529	-2,737	-2,850	-2,902	-2,950	-3,062	-2,945	-3,012	-2,947
Shares Outstanding	-2.4%	427	438	449	450	455	457	458	461	481	482	491	499	-	-	-	-	-	-	-	-	-
Minority Interest	6.7%	480	450	380	355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	7,600	-	-	-	8,600	-	-	-	5,300	-	-	-	5,300	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-20.4%	284	357	6.00	450	359	103	38.00	360	150	180	334	161	348	264	-629	166	-51.00	-991	-656	-642	-621
Cashflow From Investing	17.6%	-117	-142	-155	-179	-154	-182	-89.00	-123	-625	-90.00	-113	24.00	-68.00	-58.00	-100	18.00	617	869	775	782	769
Cashflow From Financing	-1284.6%	-308	26.00	-486	455	-157	-86.00	-210	172	595	-321	-166	-150	-47.00	199	741	-46.00	-594	26.00	106	51.00	-18.14
Buy Backs	-11.0%	275	309	197	44.00	40.00	72.00	181	106	90.00	328	162	145	38.00	-	-	87.00	61.00	60.00	52.00	65.00	64.00

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FLEX Income Statement

2023-12-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 7,103	$ 7,756	$ 21,910	$ 22,869
Cost of sales	6,400	7,168	19,935	21,155
Restructuring charges	61	5	81	5
Gross profit	642	583	1,894	1,709
Selling, general and administrative expenses	264	243	806	729
Restructuring charges	13	0	19	0
Intangible amortization	17	19	54	62
Operating income	348	321	1,015	918
Interest, net	36	54	112	150
Other charges, net	5	5	32	2
Income before income taxes	307	262	871	766
Provision for income taxes	74	25	21	96
Net income	233	237	850	670
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	36	7	239	19
Net income attributable to Flex Ltd.	$ 197	$ 230	$ 611	$ 651
Earnings per share attributable to the shareholders of Flex Ltd.:
Basic (in dollars per share)	$ 0.46	$ 0.51	$ 1.39	$ 1.43
Diluted (in dollars per share)	$ 0.45	$ 0.50	$ 1.37	$ 1.41
Weighted-average shares used in computing per share amounts:
Basic (in shares)	431	452	440	455
Diluted (in shares)	436	459	446	462

FLEX Balance Sheet

2023-12-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,764	$ 3,294
Accounts receivable, net of allowance of $11 and $8, respectively	3,605	3,739
Contract assets	604	541
Inventories	6,815	7,530
Other current assets	1,089	917
Total current assets	14,877	16,021
Property and equipment, net	2,328	2,349
Operating lease right-of-use assets, net	612	608
Goodwill	1,348	1,343
Other intangible assets, net	266	316
Other assets	935	758
Total assets	20,366	21,395
Current liabilities:
Bank borrowings and current portion of long-term debt	3	150
Accounts payable	5,292	5,930
Accrued payroll and benefits	513	522
Deferred revenue and customer working capital advances	2,567	3,143
Other current liabilities	1,011	1,110
Total current liabilities	9,386	10,855
Long-term debt, net of current portion	3,431	3,691
Operating lease liabilities, non-current	502	506
Other liabilities	602	637
Total liabilities	13,921	15,689
Shareholders’ equity
Ordinary shares, no par value; 1,500,000,000 authorized, 427,319,202 and 500,362,046 issued, and 427,319,202 and 450,122,691 outstanding, respectively	6,056	6,493
Treasury stock, at cost; zero and 50,239,355 shares as of December 31, 2023 and March 31, 2023, respectively	0	(388)
Accumulated earnings (deficit)	51	(560)
Accumulated other comprehensive loss	(142)	(194)
Total Flex Ltd. shareholders’ equity	5,965	5,351
Noncontrolling interest	480	355
Total shareholders’ equity	6,445	5,706
Total liabilities, noncontrolling interest, and shareholders' equity	$ 20,366	$ 21,395

About Flex Ltd

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. 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, and renewables and grid edge. The Nextracker segment offers solar tracker and software solutions, which are used in utility-scale and ground-mounted distributed generation solar projects. In addition, it provides a broad array of services including design and engineering, component services, rapid prototyping, fulfillment, and circular economy 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 Singapore.

CEO	Ms. Revathi Advaithi
WEBSITE	flex.com
INDUSTRY	Consumer Electronics
EMPLOYEES	65535

Flex Ltd Frequently Asked Questions

What is the ticker symbol for Flex Ltd? What does FLEX stand for in stocks?

FLEX is the stock ticker symbol of Flex Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Flex Ltd (FLEX)?

As of Tue May 07 2024, market cap of Flex Ltd is 12.27 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FLEX stock?

You can check FLEX's fair value in chart for subscribers.

What is the fair value of FLEX stock?

You can check FLEX's fair value in chart for subscribers. The fair value of Flex Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Flex Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FLEX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Flex Ltd a good stock to buy?

The fair value guage provides a quick view whether FLEX is over valued or under valued. Whether Flex Ltd is cheap or expensive depends on the assumptions which impact Flex Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FLEX.

What is Flex Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, FLEX's PE ratio (Price to Earnings) is 16.29 and Price to Sales (PS) ratio is 0.42. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FLEX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Flex Ltd's stock?

In the past 10 years, Flex Ltd has provided 0.118 (multiply by 100 for percentage) rate of return.