| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
FLEX Overview
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe.
Flex Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$18.92 |
| 52 Week High | US$10.72 |
| 52 Week Low | US$20.04 |
| Beta | 1.58 |
| 1 Month Change | 1.07% |
| 3 Month Change | 4.59% |
| 1 Year Change | 73.10% |
| 3 Year Change | 46.55% |
| 5 Year Change | 39.43% |
| Change since IPO | 943.86% |
Recent News & Updates
Shareholder Returns
| FLEX | US Electronic | US Market | |
|---|---|---|---|
| 7D | 6.4% | 2.6% | 2.0% |
| 1Y | 73.1% | 48.1% | 32.8% |
Return vs Industry: FLEX exceeded the US Electronic industry which returned 48.1% over the past year.
Return vs Market: FLEX exceeded the US Market which returned 32.8% over the past year.
Price Volatility
| FLEX volatility | |
|---|---|
| FLEX Beta | 1.58 |
| Industry Beta | 1.32 |
| Market Beta | 1 |
Stable Share Price: FLEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FLEX's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 167,201 | Revathi Advaithi | https://www.flex.com |
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The company provides a portfolio of technologies in electrical/electronics, electromechanical, and software; and cross-industry technologies, including human machine interface, audio and video, system in package, miniaturization, IoT platforms, and power management.
Flex Fundamentals Summary
| FLEX fundamental statistics | |
|---|---|
| Market Cap | US$9.24b |
| Earnings (TTM) | US$767.00m |
| Revenue (TTM) | US$25.31b |
12.0x
P/E Ratio0.4x
P/S RatioIs FLEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FLEX income statement (TTM) | |
|---|---|
| Revenue | US$25.31b |
| Cost of Revenue | US$23.38b |
| Gross Profit | US$1.93b |
| Expenses | US$1.17b |
| Earnings | US$767.00m |
Last Reported Earnings
Jul 02, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.57 |
| Gross Margin | 7.63% |
| Net Profit Margin | 3.03% |
| Debt/Equity Ratio | 107.7% |
How did FLEX perform over the long term?
See historical performance and comparisonValuation
Is Flex undervalued compared to its fair value and its price relative to the market?
40.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLEX ($18.92) is trading below our estimate of fair value ($31.8)
Significantly Below Fair Value: FLEX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FLEX is good value based on its PE Ratio (12x) compared to the US Electronic industry average (21.8x).
PE vs Market: FLEX is good value based on its PE Ratio (12x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: FLEX is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: FLEX's PB Ratio (2.6x) is in line with the US Electronic industry average.
Future Growth
How is Flex forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLEX's forecast earnings growth (8.1% per year) is above the savings rate (2%).
Earnings vs Market: FLEX's earnings (8.1% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: FLEX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FLEX's revenue (3.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: FLEX's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLEX's Return on Equity is forecast to be high in 3 years time (21.7%)
Past Performance
How has Flex performed over the past 5 years?
-2.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLEX has high quality earnings.
Growing Profit Margin: FLEX's current net profit margins (3%) are higher than last year (0.5%).
Past Earnings Growth Analysis
Earnings Trend: FLEX's earnings have declined by 2.8% per year over the past 5 years.
Accelerating Growth: FLEX's earnings growth over the past year (595.5%) exceeds its 5-year average (-2.8% per year).
Earnings vs Industry: FLEX earnings growth over the past year (595.5%) exceeded the Electronic industry 40.3%.
Return on Equity
High ROE: Whilst FLEX's Return on Equity (21.86%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Flex's financial position?
Financial Position Analysis
Short Term Liabilities: FLEX's short term assets ($11.7B) exceed its short term liabilities ($8.1B).
Long Term Liabilities: FLEX's short term assets ($11.7B) exceed its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: FLEX's debt to equity ratio (107.7%) is considered high.
Reducing Debt: FLEX's debt to equity ratio has increased from 107.1% to 107.7% over the past 5 years.
Debt Coverage: FLEX's debt is well covered by operating cash flow (29.3%).
Interest Coverage: FLEX's interest payments on its debt are well covered by EBIT (7.4x coverage).
Balance Sheet
Dividend
What is Flex current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FLEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FLEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FLEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FLEX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FLEX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.7yrs
Average management tenure
CEO
Revathi Advaithi (53 yo)
2.58yrs
Tenure
US$11,570,250
Compensation
Ms. Revathi Advaithi has been Chief Executive Officer and Director Flex Ltd. since February 11, 2019. Ms. Advaithi has been Independent Director of Uber Technologies, Inc. since July 1, 2020.She served as...
CEO Compensation Analysis
Compensation vs Market: Revathi's total compensation ($USD11.57M) is above average for companies of similar size in the US market ($USD6.38M).
Compensation vs Earnings: Revathi's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FLEX's management team is considered experienced (3.7 years average tenure).
Board Members
Experienced Board: FLEX's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FLEX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Flex Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Flex Ltd.
- Ticker: FLEX
- Exchange: NasdaqGS
- Founded: 1990
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$9.237b
- Shares outstanding: 488.23m
- Website: https://www.flex.com
Number of Employees
Location
- Flex Ltd.
- 2 Changi South Lane
- Singapore
- 486123
- Singapore
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 22:53 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/07/02 |
| Annual Earnings | 2021/03/31 |
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.