Flex Ltd.

NasdaqGS:FLEX Stock Report

Market Cap: US$14.7b

Flex Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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.

Below Fair Value: FLEX ($37.65) is trading below our estimate of fair value ($39.46)

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 Ratio17.4x
EarningsUS$841.00m
Market CapUS$14.71b

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 Average22.7x
JBL Jabil
12.2x-14.8%US$16.2b
FN Fabrinet
26.2x14.5%US$8.4b
TEL TE Connectivity
13.5x-3.5%US$43.3b
PLXS Plexus
38.7x25.7%US$4.3b
FLEX Flex
17.4x14.2%US$14.7b

Price-To-Earnings vs Peers: FLEX is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHMD SCHMID Group
3.6xn/aUS$137.95m
DSWL Deswell Industries
3.7xn/aUS$37.93m
SGE Strong Global Entertainment
3.8xn/aUS$12.27m
SMX SMX (Security Matters)
0.5xn/aUS$836.12k
FLEX 17.4xIndustry Avg. 24.9xNo. of Companies10PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLEX is good value based on its Price-To-Earnings Ratio (17.4x) compared to the US Electronic industry average (24.9x).

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 Ratio17.4x
Fair PE Ratio27x

Price-To-Earnings vs Fair Ratio: FLEX is good value based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (27x).

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$37.65
US$42.89
+13.9%
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$28.00n/a7
Mar ’25US$29.00
US$30.20
+4.2%
4.5%US$32.00US$28.00n/a7
Feb ’25US$25.04
US$30.50
+21.8%
7.4%US$34.49US$28.00n/a7
Jan ’25US$30.46
US$33.78
+10.9%
3.5%US$35.00US$32.00n/a7
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
Mar ’24US$22.77
US$28.29
+24.2%
7.0%US$31.00US$25.00US$29.007
Feb ’24US$23.78
US$28.29
+18.9%
7.0%US$31.00US$25.00US$25.047
Jan ’24US$21.46
US$25.00
+16.5%
10.7%US$31.00US$23.00US$30.467
Dec ’23US$21.87
US$24.14
+10.4%
12.2%US$31.00US$22.00US$25.987

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:45
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/27
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 30 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
George WangBarclays
Ruplu BhattacharyaBofA Global Research