Flex Ltd.

DB:FXI Stock Report

Market Cap: €14.3b

Flex Valuation

Is FXI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FXI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FXI (€36.44) is trading below our estimate of fair value (€39.35)

Significantly Below Fair Value: FXI is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FXI?

Key metric: As FXI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FXI. This is calculated by dividing FXI's market cap by their current earnings.
What is FXI's PE Ratio?
PE Ratio17.9x
EarningsUS$841.00m
Market CapUS$15.05b

Price to Earnings Ratio vs Peers

How does FXI's PE Ratio compare to its peers?

The above table shows the PE ratio for FXI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.8x
DAM DATA MODUL Produktion und Vertrieb von elektronischen Systemen
12.7x15.3%€96.6m
JBL Jabil
10.8x-16.7%US$15.0b
002241 Goertek
33.5x19.8%CN¥85.1b
JEN Jenoptik
14.1x12.3%€1.2b
FXI Flex
17.9x13.7%€15.1b

Price-To-Earnings vs Peers: FXI is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (17.8x).

Price to Earnings Ratio vs Industry

How does FXI's PE Ratio compare vs other companies in the European Electronic Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FXI 17.9xIndustry Avg. 17.5xNo. of Companies14PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FXI is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the European Electronic industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is FXI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FXI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.9x
Fair PE Ratio16.4x

Price-To-Earnings vs Fair Ratio: FXI is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FXI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€36.44
€40.27
+10.5%
7.7%€43.83€34.40n/a8
Nov ’25€32.51
€37.26
+14.6%
8.8%€41.37€30.53n/a8
Oct ’25€29.43
€33.79
+14.8%
5.3%€35.05€29.84n/a7
Sep ’25€29.30
€34.58
+18.1%
6.6%€38.19€30.20n/a7
Aug ’25€28.27
€34.96
+23.7%
7.2%€38.72€29.92n/a7
Jul ’25€27.42
€30.79
+12.3%
8.8%€34.46€25.15n/a7
Jun ’25€30.15
€29.82
-1.1%
7.1%€31.34€24.89n/a7
May ’25€27.21
€30.12
+10.7%
8.7%€34.61€26.19n/a7
Apr ’25€26.30
€28.87
+9.8%
8.4%€34.08€25.79n/a7
Mar ’25€26.70
€28.00
+4.9%
4.5%€29.67€25.96n/a7
Feb ’25€22.50
€28.06
+24.7%
7.4%€31.73€25.76n/a7
Jan ’25€27.30
€30.52
+11.8%
3.5%€31.62€28.91n/a7
Dec ’24€23.10
€31.50
+36.4%
3.5%€33.12€30.28n/a7
Nov ’24€24.10
€31.50
+30.7%
3.5%€33.12€30.28€32.517
Oct ’24€24.80
€30.35
+22.4%
4.3%€32.76€29.01€29.437
Sep ’24€25.00
€30.02
+20.1%
5.2%€33.18€28.57€29.307
Aug ’24€24.40
€29.71
+21.8%
5.5%€32.74€28.19€28.276
Jul ’24€24.80
€26.61
+7.3%
10.0%€31.01€22.81€27.426
Jun ’24€23.70
€26.87
+13.4%
10.0%€31.33€23.04€30.156
May ’24€18.35
€26.38
+43.8%
7.5%€28.87€23.28€27.216
Apr ’24€20.04
€26.38
+31.7%
7.5%€28.87€23.28€26.306
Mar ’24€21.06
€26.03
+23.6%
7.0%€28.53€23.01€26.707
Feb ’24€21.50
€26.03
+21.1%
7.0%€28.53€23.01€22.507
Jan ’24€19.64
€23.53
+19.8%
10.7%€29.17€21.65€27.307
Dec ’23€20.61
€24.22
+17.6%
12.2%€31.10€22.07€23.107
Nov ’23€19.75
€24.22
+22.6%
12.2%€31.10€22.07€24.107

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

JEOL

JP¥272.6b

Engages in the research, development, manufacture, and marketing of scientific and metrology instruments, semiconductor and industrial equipment, and medical equipment worldwide.

JEL

JP¥33.20

7D

-4.0%

1Y

-8.3%

KATEK

€221.7m

Provides electronics value chain services in Germany, Europe, and internationally.

KTEK

€15.10

7D

0%

1Y

1.0%

UniDevice

€1.8m

Together with its subsidiary, PPA International AG, engages in wholesale of electronic entertainment and communication devices.

UDC

€0.12

7D

0%

1Y

-92.0%