Flex Ltd.

BMV:FLEX N Stock Report

Market Cap: Mex$233.8b

Flex Past Earnings Performance

Past criteria checks 4/6

Flex has been growing earnings at an average annual rate of 33.7%, while the Electronic industry saw earnings growing at 12% annually. Revenues have been growing at an average rate of 4% per year. Flex's return on equity is 16.4%, and it has net margins of 2.4%.

Key information

33.7%

Earnings growth rate

35.7%

EPS growth rate

Electronic Industry Growth12.9%
Revenue growth rate4.0%
Return on equity16.4%
Net Margin2.4%
Last Earnings Update31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Flex makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BMV:FLEX N Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2426,4156339220
31 Dec 2329,3877531,0720
29 Sep 2330,0407861,0510
30 Jun 2330,3357901,0240
31 Mar 2328,5024438740
31 Dec 2229,7208189830
30 Sep 2228,5838159640
01 Jul 2227,0469199320
31 Mar 2224,6338688300
31 Dec 2125,4561,0098370
01 Oct 2125,5579908470
02 Jul 2125,3137678270
31 Mar 2124,1246138170
31 Dec 2023,3434228190
25 Sep 2023,0843258030
26 Jun 2023,187958150
31 Mar 2024,210888340
31 Dec 1924,951-258630
27 Sep 1925,413-1828830
28 Jun 1925,987229000
31 Mar 1926,211939530
31 Dec 1826,3951389700
28 Sep 1826,2243029790
29 Jun 1825,8324201,0310
31 Mar 1825,4414291,0190
31 Dec 1724,8935359950
29 Sep 1724,2565469790
30 Jun 1723,9943399490
31 Mar 1723,8633209370
31 Dec 1623,7732949420
30 Sep 1624,4213139510
01 Jul 1624,7294399240
31 Mar 1624,4194448940
31 Dec 1524,5985188810
25 Sep 1524,8605228570
26 Jun 1525,0715388450
31 Mar 1526,1486018440
31 Dec 1426,9205098440
26 Sep 1427,0795018520
27 Jun 1426,9604808660
31 Mar 1426,1093668750
31 Dec 1324,6802738770
27 Sep 1323,6201838590
28 Jun 1323,3852258330

Quality Earnings: FLEX N has a large one-off loss of $175.0M impacting its last 12 months of financial results to 31st March, 2024.

Growing Profit Margin: FLEX N's current net profit margins (2.4%) are higher than last year (1.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FLEX N's earnings have grown significantly by 33.7% per year over the past 5 years.

Accelerating Growth: FLEX N's earnings growth over the past year (42.9%) exceeds its 5-year average (33.7% per year).

Earnings vs Industry: FLEX N earnings growth over the past year (42.9%) exceeded the Electronic industry -6.2%.

Return on Equity

High ROE: FLEX N's Return on Equity (16.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/06/19 14:26
End of Day Share Price 2024/03/22 00:00
Earnings2024/03/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Flex Ltd. is covered by 28 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
George WangBarclays
Ruplu BhattacharyaBofA Global Research