Flex Ltd.

NasdaqGS:FLEX Stock Report

Market Cap: US$12.1b

Flex Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 FLEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$33.96
Fair Value
7.1% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: FLEX ($31.54) is trading below our estimate of fair value ($33.96)

Significantly Below Fair Value: FLEX 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 FLEX?

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

The above table shows the Price to Earnings ratio for FLEX. This is calculated by dividing FLEX's market cap by their current earnings.
What is FLEX's PE Ratio?
PE Ratio12x
EarningsUS$1.01b
Market CapUS$12.08b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FLEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22x
JBL Jabil
30x30.3%US$14.5b
FN Fabrinet
20.2x12.1%US$6.6b
SANM Sanmina
17.7x18.5%US$4.1b
TEL TE Connectivity
20.1x16.7%US$38.6b
FLEX Flex
12x8.8%US$12.1b

Price-To-Earnings vs Peers: FLEX is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (22x).

Price to Earnings Ratio vs Industry

How does FLEX's PE Ratio compare vs other companies in the US Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHMD SCHMID Group
3xn/aUS$125.06m
SMX SMX (Security Matters)
1.6xn/aUS$2.30m
SPEC Spectaire Holdings
0.0007xn/aUS$20.40k
No more companies available in this PE range
FLEX 12.0xIndustry Avg. 19.4xNo. of Companies12PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLEX is good value based on its Price-To-Earnings Ratio (12x) compared to the US Electronic industry average (19.4x).

Price to Earnings Ratio vs Fair Ratio

What is FLEX'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.

FLEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: FLEX is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).

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 FLEX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$31.54
US$44.15
+40.0%
11.7%US$52.00US$35.00n/a8
Apr ’26US$33.36
US$48.53
+45.5%
7.0%US$53.00US$43.23n/a8
Mar ’26US$37.89
US$48.53
+28.1%
7.0%US$53.00US$43.23n/a8
Feb ’26US$41.65
US$46.59
+11.9%
10.3%US$52.00US$36.10n/a7
Jan ’26US$38.39
US$42.89
+11.7%
7.5%US$46.00US$36.10n/a8
Dec ’25US$38.97
US$42.26
+8.4%
7.7%US$46.00US$36.10n/a8
Nov ’25US$35.48
US$40.53
+14.2%
8.8%US$45.00US$33.21n/a8
Oct ’25US$32.72
US$37.60
+14.9%
5.3%US$39.00US$33.21n/a7
Sep ’25US$32.49
US$38.03
+17.1%
6.6%US$42.00US$33.21n/a7
Aug ’25US$30.67
US$37.92
+23.6%
7.2%US$42.00US$32.46n/a7
Jul ’25US$29.66
US$33.07
+11.5%
8.8%US$37.00US$27.00n/a7
Jun ’25US$33.13
US$32.35
-2.4%
7.1%US$34.00US$27.00n/a7
May ’25US$26.34
US$32.20
+22.3%
8.7%US$37.00US$28.00n/a7
Apr ’25US$28.44
US$31.35
+10.2%
8.4%US$37.00US$28.00US$33.367
Mar ’25US$29.00
US$30.20
+4.2%
4.5%US$32.00US$28.00US$37.897
Feb ’25US$25.04
US$30.50
+21.8%
7.4%US$34.49US$28.00US$41.657
Jan ’25US$30.46
US$33.78
+10.9%
3.5%US$35.00US$32.00US$38.397
Dec ’24US$25.98
US$33.29
+28.1%
3.5%US$35.00US$32.00US$38.977
Nov ’24US$25.78
US$33.29
+29.1%
3.5%US$35.00US$32.00US$35.487
Oct ’24US$26.98
US$32.43
+20.2%
4.3%US$35.00US$31.00US$32.727
Sep ’24US$27.51
US$32.57
+18.4%
5.2%US$36.00US$31.00US$32.497
Aug ’24US$27.33
US$32.67
+19.5%
5.5%US$36.00US$31.00US$30.676
Jul ’24US$27.64
US$29.17
+5.5%
10.0%US$34.00US$25.00US$29.666
Jun ’24US$25.54
US$29.17
+14.2%
10.0%US$34.00US$25.00US$33.136
May ’24US$20.70
US$28.33
+36.9%
7.5%US$31.00US$25.00US$26.346
Apr ’24US$23.01
US$28.33
+23.1%
7.5%US$31.00US$25.00US$28.446
AnalystConsensusTarget
Consensus Narrative from 8 Analysts
US$44.15
Fair Value
28.6% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/21 10:57
End of Day Share Price 2025/04/17 00:00
Earnings2024/12/31
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.

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 Github.

Analyst Sources

Flex Ltd. is covered by 29 analysts. 8 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
Dong WangBarclays
Ruplu BhattacharyaBofA Global Research