Market Cap
US$5.4b
Last Updated
2019/10/22 23:44 UTC
Data Sources
Company Financials +
Executive Summary
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide.
Snowflake
Fundamentals
Reasonable growth potential and fair value.
Similar Companies
Share Price & News
How has Flex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.4%
FLEX
2.4%
US Electronic
0.07%
US Market
1 Year Return
-9.8%
FLEX
16.3%
US Electronic
8.9%
US Market
Return vs Industry: FLEX underperformed the US Electronic industry which returned 16.3% over the past year.
Return vs Market: FLEX underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| FLEX | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 2.4% | 0.07% |
| 30 Day | -0.2% | 3.7% | -0.3% |
| 90 Day | 1.5% | 2.3% | -1.6% |
| 1 Year | -9.8%-9.8% | 17.5%16.3% | 11.3%8.9% |
| 3 Year | -22.7%-22.7% | 55.8%51.4% | 46.3%36.8% |
| 5 Year | 6.8%6.8% | 83.7%74.7% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Flex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Be Worried About Insider Transactions At Flex Ltd. (NASDAQ:FLEX)?4 weeks ago | Simply Wall St
Should You Think About Buying Flex Ltd. (NASDAQ:FLEX) Now?1 month ago | Simply Wall St
An Intrinsic Calculation For Flex Ltd. (NASDAQ:FLEX) Suggests It's 48% UndervaluedValuation
Is Flex undervalued compared to its fair value and its price relative to the market?
45.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLEX ($10.46) is trading below our estimate of fair value ($19.11)
Significantly Below Fair Value: FLEX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FLEX is poor value based on its PE Ratio (245.9x) compared to the Electronic industry average (19.6x).
PE vs Market: FLEX is poor value based on its PE Ratio (245.9x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: FLEX is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: FLEX is good value based on its PB Ratio (1.8x) compared to the US Electronic industry average (2x).
Next Steps
Future Growth
How is Flex forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
68.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLEX's forecast earnings growth (68.4% per year) is above the savings rate (2.7%).
Earnings vs Market: FLEX's earnings (68.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLEX's revenue (3.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: FLEX's revenue (3.3% 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 (22.4%)
Next Steps
Past Performance
How has Flex performed over the past 5 years?
-18.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FLEX's earnings have declined by -18.8% per year over the past 5 years.
Accelerating Growth: FLEX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FLEX had negative earnings growth (-94.7%) over the past year, making it difficult to compare to the Electronic industry average (58.6%).
Return on Equity
High ROE: FLEX's Return on Equity (0.7%) is considered low.
Return on Assets
ROA vs Industry: FLEX's Return on Assets is below or equal to the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: FLEX's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Flex's financial position?
Financial Position Analysis
Short Term Liabilities: FLEX's short term assets ($9.4B) exceeds its short term liabilities ($7.4B)
Long Term Liabilities: FLEX's short term assets (9.4B) exceeds its long term liabilities (4.0B)
Debt to Equity History and Analysis
Debt Level: FLEX's debt to equity ratio (107.9%) is considered high
Reducing Debt: FLEX's debt to equity ratio has increased from 103.2% to 107.9% over the past 5 years.
Debt Coverage: FLEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FLEX's interest payments on its debt are well covered by EBIT (5.1x coverage).
Balance Sheet
Inventory Level: FLEX has a high level of physical assets or inventory.
Debt Coverage by Assets: FLEX's debt is covered by short term assets (assets are 2.899100x debt).
Next Steps
Dividend
What is Flex's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate FLEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FLEX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Flex's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average management tenure
CEO
Revathi Advaithi (51yo)
0.7yrs
Tenure
US$5,518,765
Compensation
Ms. Revathi Advaithi has been Chief Executive Officer and Director at Flex Ltd. since February 11, 2019. Ms. Advaithi is a Non-executive Director of BAE Systems Plc since January 1, 2018. She served as a C ...
CEO Compensation Analysis
Compensation vs. Market: Revathi has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Insufficient data to compare Revathi's compensation with company performance.
Management Age and Tenure
6.5yrs
Average Tenure
54yo
Average Age
Experienced Management: FLEX's management team is seasoned and experienced (6.5 years average tenure).
Board Age and Tenure
4.0yrs
Average Tenure
63yo
Average Age
Experienced Board: FLEX's board of directors are considered experienced (4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 6,751 |
| Max Price | US$9.63 |
| Entity | Individual |
| Role | Senior Key Executive President of High Reliability Solutions |
| Shares | 9,911 |
| Max Price | US$9.63 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 10,606 |
| Max Price | US$9.63 |
| Entity | Individual |
| Role | Senior Key Executive President of Integrated Solutions |
| Shares | 8,485 |
| Max Price | US$9.63 |
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting Officer |
| Shares | 1,932 |
| Max Price | US$9.62 |
| Entity | Individual |
| Role | Senior Key Executive President of Integrated Solutions |
| Shares | 9,343 |
| Max Price | US$9.57 |
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting Officer |
| Shares | 1,827 |
| Max Price | US$9.56 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 9,996 |
| Max Price | US$9.57 |
| Entity | Individual |
| Role | Senior Key Executive President of High Reliability Solutions |
| Shares | 9,342 |
| Max Price | US$9.56 |
| Entity | Individual |
| Shares | 6,369 |
| Max Price | US$9.56 |
| Entity | Individual |
| Role | Senior Key Executive President of Integrated Solutions |
| Shares | 9,762 |
| Max Price | US$8.97 |
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting Officer |
| Shares | 2,442 |
| Max Price | US$8.97 |
| Entity | Individual |
| Role | Senior Key Executive President of High Reliability Solutions |
| Shares | 11,943 |
| Max Price | US$8.97 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 12,119 |
| Max Price | US$8.97 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 12,890 |
| Max Price | US$9.61 |
| Entity | Individual |
| Role | Senior Key Executive President of Integrated Solutions |
| Shares | 10,313 |
| Max Price | US$9.61 |
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting Officer |
| Shares | 2,825 |
| Max Price | US$9.60 |
| Entity | Individual |
| Role | Senior Key Executive President of High Reliability Solutions |
| Shares | 12,616 |
| Max Price | US$9.61 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 672 |
| Max Price | US$7.91 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 76 |
| Max Price | US$7.91 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 11,500 |
| Max Price | US$8.49 |
| Entity | Individual |
| Shares | 27,027 |
| Max Price | US$7.48 |
Ownership Breakdown
Management Team
Chris Collier (50yo)
Chief Financial Officer
- Tenure: 6.4yrs
- Compensation: US$7.03m
Doug Britt (54yo)
President of Integrated Solutions
- Tenure: 6.9yrs
- Compensation: US$8.65m
Revathi Advaithi (51yo)
CEO & Director
- Tenure: 0.7yrs
- Compensation: US$5.52m
Paul Humphries (64yo)
President of High Reliability Solutions
- Tenure: 8.5yrs
- Compensation: US$7.11m
Kevin Kettler
Chief Technology Officer and Senior Vice President of the Cloud Business Unit
- Tenure: 2.4yrs
François Barbier (60yo)
President of Global Operations & Components
- Tenure: 7.7yrs
- Compensation: US$6.89m
Kevin Kessel
Vice President of Investor Relations & Corporate Communications
- Tenure: 10yrs
David Bennett (49yo)
Chief Accounting Officer
- Tenure: 6.3yrs
Gus Shahin
Chief Information Officer
- Tenure: 6.5yrs
Scott Offer (54yo)
Executive VP & General Counsel
- Tenure: 3.1yrs
- Compensation: US$5.46m
Board Members
Michael Capellas (64yo)
Non-Executive Chairman
- Tenure: 2.3yrs
- Compensation: US$799.77k
Willy Shih (68yo)
Independent Director
- Tenure: 11.8yrs
- Compensation: US$290.00k
Bill Watkins (66yo)
Independent Director
- Tenure: 10.5yrs
- Compensation: US$326.00k
Lay Koon Tan (60yo)
Independent Director
- Tenure: 7.6yrs
- Compensation: US$289.97k
Larry Zimmerman (76yo)
Independent Director
- Tenure: 7yrs
- Compensation: US$338.00k
Jill Greenthal (62yo)
Independent Director
- Tenure: 0.9yrs
- Compensation: US$184.75k
Marc Onetto (68yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$290.00k
Jennifer Li (51yo)
Independent Director
- Tenure: 1.8yrs
- Compensation: US$270.82k
Revathi Advaithi (51yo)
CEO & Director
- Tenure: 0.7yrs
- Compensation: US$5.52m
Chuck Stevens (59yo)
Independent Director
- Tenure: 0.9yrs
- Compensation: US$192.25k
Company Information
Flex Ltd.'s company bio, 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$5.384b
- Shares outstanding: 514.73m
- Website: https://www.flex.com
Number of Employees
Location
- Flex Ltd.
- 2 Changi South Lane
- Singapore
- 486123
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FLEX | NasdaqGS (Nasdaq Global Select) | Yes | Ordinary Shares | US | USD | Mar 1994 |
| FXI | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 1994 |
| FLEX N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Mar 1994 |
Biography
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through High Reliability Solutions, Industrial and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:44 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/28 |
| Annual Earnings | 2019/03/31 |
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.