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FLEX LTD (FLEX) Stock Fundamental Analysis

NASDAQ:FLEX - Nasdaq - SG9999000020 - Common Stock - Currency: USD

43.64  -0.22 (-0.5%)

Premarket: 43.51 -0.13 (-0.3%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FLEX. FLEX was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. While FLEX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FLEX scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year FLEX was profitable.
In the past year FLEX had a positive cash flow from operations.
FLEX had positive earnings in each of the past 5 years.
In the past 5 years FLEX always reported a positive cash flow from operatings.
FLEX Yearly Net Income VS EBIT VS OCF VS FCFFLEX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B -3B -4B

1.2 Ratios

FLEX has a Return On Assets of 4.56%. This is in the better half of the industry: FLEX outperforms 69.60% of its industry peers.
FLEX's Return On Equity of 16.75% is amongst the best of the industry. FLEX outperforms 86.40% of its industry peers.
FLEX has a better Return On Invested Capital (12.05%) than 88.00% of its industry peers.
FLEX had an Average Return On Invested Capital over the past 3 years of 10.04%. This is in line with the industry average of 9.35%.
The last Return On Invested Capital (12.05%) for FLEX is above the 3 year average (10.04%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.56%
ROE 16.75%
ROIC 12.05%
ROA(3y)4.59%
ROA(5y)4.5%
ROE(3y)16.82%
ROE(5y)18.19%
ROIC(3y)10.04%
ROIC(5y)9.71%
FLEX Yearly ROA, ROE, ROICFLEX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

The Profit Margin of FLEX (3.25%) is better than 67.20% of its industry peers.
In the last couple of years the Profit Margin of FLEX has grown nicely.
FLEX has a better Operating Margin (4.86%) than 65.60% of its industry peers.
In the last couple of years the Operating Margin of FLEX has grown nicely.
The Gross Margin of FLEX (8.64%) is worse than 81.60% of its industry peers.
In the last couple of years the Gross Margin of FLEX has grown nicely.
Industry RankSector Rank
OM 4.86%
PM (TTM) 3.25%
GM 8.64%
OM growth 3Y9.25%
OM growth 5Y13.24%
PM growth 3Y-3.34%
PM growth 5Y54.95%
GM growth 3Y4.92%
GM growth 5Y6.46%
FLEX Yearly Profit, Operating, Gross MarginsFLEX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FLEX is creating some value.
The number of shares outstanding for FLEX has been reduced compared to 1 year ago.
The number of shares outstanding for FLEX has been reduced compared to 5 years ago.
FLEX has a worse debt/assets ratio than last year.
FLEX Yearly Shares OutstandingFLEX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FLEX Yearly Total Debt VS Total AssetsFLEX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

FLEX has an Altman-Z score of 2.65. This is not the best score and indicates that FLEX is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.65, FLEX is doing worse than 64.00% of the companies in the same industry.
FLEX has a debt to FCF ratio of 3.46. This is a good value and a sign of high solvency as FLEX would need 3.46 years to pay back of all of its debts.
FLEX has a better Debt to FCF ratio (3.46) than 67.20% of its industry peers.
A Debt/Equity ratio of 0.50 indicates that FLEX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.50, FLEX is doing worse than 72.80% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.46
Altman-Z 2.65
ROIC/WACC1.31
WACC9.21%
FLEX Yearly LT Debt VS Equity VS FCFFLEX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B

2.3 Liquidity

A Current Ratio of 1.30 indicates that FLEX should not have too much problems paying its short term obligations.
FLEX has a Current ratio of 1.30. This is amonst the worse of the industry: FLEX underperforms 84.00% of its industry peers.
A Quick Ratio of 0.79 indicates that FLEX may have some problems paying its short term obligations.
The Quick ratio of FLEX (0.79) is worse than 87.20% of its industry peers.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 0.79
FLEX Yearly Current Assets VS Current LiabilitesFLEX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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4

3. Growth

3.1 Past

FLEX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.74%.
The Earnings Per Share has been growing by 16.40% on average over the past years. This is quite good.
The Revenue for FLEX has decreased by -46.58% in the past year. This is quite bad
FLEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.29% yearly.
EPS 1Y (TTM)4.74%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%28.07%
Revenue 1Y (TTM)-46.58%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%3.71%

3.2 Future

Based on estimates for the next years, FLEX will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.38% on average per year.
The Revenue is expected to grow by 4.28% on average over the next years.
EPS Next Y12.09%
EPS Next 2Y12.28%
EPS Next 3Y9.38%
EPS Next 5YN/A
Revenue Next Year1.6%
Revenue Next 2Y3.14%
Revenue Next 3Y4.28%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FLEX Yearly Revenue VS EstimatesFLEX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B
FLEX Yearly EPS VS EstimatesFLEX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 16.47, which indicates a correct valuation of FLEX.
Compared to the rest of the industry, the Price/Earnings ratio of FLEX indicates a rather cheap valuation: FLEX is cheaper than 84.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.55. FLEX is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 14.69, which indicates a correct valuation of FLEX.
FLEX's Price/Forward Earnings ratio is rather cheap when compared to the industry. FLEX is cheaper than 82.40% of the companies in the same industry.
FLEX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.40, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.47
Fwd PE 14.69
FLEX Price Earnings VS Forward Price EarningsFLEX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FLEX indicates a rather cheap valuation: FLEX is cheaper than 85.60% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FLEX is valued cheaply inside the industry as 87.20% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 15.27
EV/EBITDA 9.86
FLEX Per share dataFLEX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
FLEX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.36
PEG (5Y)1
EPS Next 2Y12.28%
EPS Next 3Y9.38%

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0

5. Dividend

5.1 Amount

FLEX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FLEX LTD

NASDAQ:FLEX (6/11/2025, 8:00:01 PM)

Premarket: 43.51 -0.13 (-0.3%)

43.64

-0.22 (-0.5%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)07-22 2025-07-22/bmo
Inst Owners105.84%
Inst Owner Change-3.6%
Ins Owners0.61%
Ins Owner Change4.69%
Market Cap16.29B
Analysts83.53
Price Target47.83 (9.6%)
Short Float %1.59%
Short Ratio1.39
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.12%
Min EPS beat(2)2.98%
Max EPS beat(2)19.26%
EPS beat(4)4
Avg EPS beat(4)13.8%
Min EPS beat(4)2.98%
Max EPS beat(4)21.58%
EPS beat(8)8
Avg EPS beat(8)11.83%
EPS beat(12)12
Avg EPS beat(12)11.84%
EPS beat(16)16
Avg EPS beat(16)13.2%
Revenue beat(2)2
Avg Revenue beat(2)2.08%
Min Revenue beat(2)0.57%
Max Revenue beat(2)3.6%
Revenue beat(4)3
Avg Revenue beat(4)1.89%
Min Revenue beat(4)-1.46%
Max Revenue beat(4)4.85%
Revenue beat(8)4
Avg Revenue beat(8)0.81%
Revenue beat(12)8
Avg Revenue beat(12)1.72%
Revenue beat(16)11
Avg Revenue beat(16)1.56%
PT rev (1m)8.96%
PT rev (3m)-3.81%
EPS NQ rev (1m)-2.15%
EPS NQ rev (3m)-2.53%
EPS NY rev (1m)2.38%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)-1.7%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)-0.78%
Revenue NY rev (3m)-0.96%
Valuation
Industry RankSector Rank
PE 16.47
Fwd PE 14.69
P/S 0.63
P/FCF 15.27
P/OCF 10.83
P/B 3.26
P/tB 4.91
EV/EBITDA 9.86
EPS(TTM)2.65
EY6.07%
EPS(NY)2.97
Fwd EY6.81%
FCF(TTM)2.86
FCFY6.55%
OCF(TTM)4.03
OCFY9.24%
SpS69.14
BVpS13.4
TBVpS8.89
PEG (NY)1.36
PEG (5Y)1
Profitability
Industry RankSector Rank
ROA 4.56%
ROE 16.75%
ROCE 14.71%
ROIC 12.05%
ROICexc 16.47%
ROICexgc 22.55%
OM 4.86%
PM (TTM) 3.25%
GM 8.64%
FCFM 4.13%
ROA(3y)4.59%
ROA(5y)4.5%
ROE(3y)16.82%
ROE(5y)18.19%
ROIC(3y)10.04%
ROIC(5y)9.71%
ROICexc(3y)13.93%
ROICexc(5y)13.91%
ROICexgc(3y)18.22%
ROICexgc(5y)18.63%
ROCE(3y)12.26%
ROCE(5y)11.85%
ROICexcg growth 3Y3.39%
ROICexcg growth 5Y7.06%
ROICexc growth 3Y5.37%
ROICexc growth 5Y7.71%
OM growth 3Y9.25%
OM growth 5Y13.24%
PM growth 3Y-3.34%
PM growth 5Y54.95%
GM growth 3Y4.92%
GM growth 5Y6.46%
F-Score6
Asset Turnover1.4
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.46
Debt/EBITDA 1.38
Cap/Depr 81.26%
Cap/Sales 1.7%
Interest Coverage 5.86
Cash Conversion 83.89%
Profit Quality 127.33%
Current Ratio 1.3
Quick Ratio 0.79
Altman-Z 2.65
F-Score6
WACC9.21%
ROIC/WACC1.31
Cap/Depr(3y)102.24%
Cap/Depr(5y)91.98%
Cap/Sales(3y)1.93%
Cap/Sales(5y)1.79%
Profit Quality(3y)82.06%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.74%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%28.07%
EPS Next Y12.09%
EPS Next 2Y12.28%
EPS Next 3Y9.38%
EPS Next 5YN/A
Revenue 1Y (TTM)-46.58%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%3.71%
Revenue Next Year1.6%
Revenue Next 2Y3.14%
Revenue Next 3Y4.28%
Revenue Next 5YN/A
EBIT growth 1Y-41.44%
EBIT growth 3Y8.93%
EBIT growth 5Y14.71%
EBIT Next Year48.56%
EBIT Next 3Y16.88%
EBIT Next 5YN/A
FCF growth 1Y34.05%
FCF growth 3Y22.46%
FCF growth 5YN/A
OCF growth 1Y13.5%
OCF growth 3Y13.7%
OCF growth 5YN/A