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FLEX LTD (FLEX) Stock Fundamental Analysis

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

50.83  +1.31 (+2.65%)

Fundamental Rating

5

Taking everything into account, FLEX scores 5 out of 10 in our fundamental rating. FLEX was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. FLEX scores excellent on profitability, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on FLEX.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year FLEX was profitable.
FLEX had a positive operating cash flow in the past year.
Each year in the past 5 years FLEX has been profitable.
FLEX had a positive operating cash flow in each of the past 5 years.
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's Return On Assets of 4.56% is fine compared to the rest of the industry. FLEX outperforms 68.55% of its industry peers.
FLEX's Return On Equity of 16.75% is amongst the best of the industry. FLEX outperforms 85.48% of its industry peers.
The Return On Invested Capital of FLEX (12.05%) is better than 87.10% 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 9.54%.
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

With a decent Profit Margin value of 3.25%, FLEX is doing good in the industry, outperforming 65.32% of the companies in the same industry.
In the last couple of years the Profit Margin of FLEX has grown nicely.
The Operating Margin of FLEX (4.86%) is better than 65.32% of its industry peers.
In the last couple of years the Operating Margin of FLEX has grown nicely.
Looking at the Gross Margin, with a value of 8.64%, FLEX is doing worse than 82.26% of the companies in the same industry.
FLEX's Gross Margin has improved in the last couple of years.
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

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FLEX is still creating some value.
FLEX has less shares outstanding than it did 1 year ago.
FLEX has less shares outstanding than it did 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

An Altman-Z score of 2.76 indicates that FLEX is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.76, FLEX is in line with its industry, outperforming 41.94% of the companies in the same industry.
The Debt to FCF ratio of FLEX is 3.46, which is a good value as it means it would take FLEX, 3.46 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FLEX (3.46) is better than 66.13% of its industry peers.
FLEX has a Debt/Equity ratio of 0.50. This is a healthy value indicating a solid balance between debt and equity.
FLEX's Debt to Equity ratio of 0.50 is on the low side compared to the rest of the industry. FLEX is outperformed by 72.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.46
Altman-Z 2.76
ROIC/WACC1.33
WACC9.03%
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 worse Current ratio (1.30) than 83.87% of its industry peers.
FLEX has a Quick Ratio of 1.30. This is a bad value and indicates that FLEX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.79, FLEX is not doing good in the industry: 87.90% of the companies in the same industry are doing better.
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

The Earnings Per Share has grown by an nice 15.79% over the past year.
Measured over the past years, FLEX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.40% on average per year.
Looking at the last year, FLEX shows a very negative growth in Revenue. The Revenue has decreased by -44.88% in the last year.
FLEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.29% yearly.
EPS 1Y (TTM)15.79%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%41.18%
Revenue 1Y (TTM)-44.88%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%4.13%

3.2 Future

The Earnings Per Share is expected to grow by 9.92% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.70% on average over the next years.
EPS Next Y13.24%
EPS Next 2Y12.59%
EPS Next 3Y9.92%
EPS Next 5YN/A
Revenue Next Year3.45%
Revenue Next 2Y3.9%
Revenue Next 3Y4.7%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

With a Price/Earnings ratio of 17.77, FLEX is valued on the expensive side.
82.26% of the companies in the same industry are more expensive than FLEX, based on the Price/Earnings ratio.
FLEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.82.
FLEX is valuated correctly with a Price/Forward Earnings ratio of 15.13.
Based on the Price/Forward Earnings ratio, FLEX is valued cheaply inside the industry as 85.48% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of FLEX to the average of the S&P500 Index (36.21), we can say FLEX is valued rather cheaply.
Industry RankSector Rank
PE 17.77
Fwd PE 15.13
FLEX Price Earnings VS Forward Price EarningsFLEX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FLEX is valued cheaply inside the industry as 82.26% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLEX indicates a rather cheap valuation: FLEX is cheaper than 85.48% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 17.88
EV/EBITDA 11.14
FLEX Per share dataFLEX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

FLEX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of FLEX may justify a higher PE ratio.
PEG (NY)1.34
PEG (5Y)1.08
EPS Next 2Y12.59%
EPS Next 3Y9.92%

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0

5. Dividend

5.1 Amount

No dividends for FLEX!.
Industry RankSector Rank
Dividend Yield N/A

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FLEX LTD

NASDAQ:FLEX (8/4/2025, 1:36:02 PM)

50.83

+1.31 (+2.65%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)07-24 2025-07-24/bmo
Earnings (Next)10-28 2025-10-28/bmo
Inst Owners103.5%
Inst Owner Change-0.23%
Ins Owners0.72%
Ins Owner Change2.65%
Market Cap19.08B
Analysts84.44
Price Target54.61 (7.44%)
Short Float %2.52%
Short Ratio2.13
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)11.19%
PT rev (3m)21.59%
EPS NQ rev (1m)0.2%
EPS NQ rev (3m)-1.96%
EPS NY rev (1m)0.24%
EPS NY rev (3m)3.43%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)-1.34%
Revenue NY rev (1m)1.58%
Revenue NY rev (3m)1.63%
Valuation
Industry RankSector Rank
PE 17.77
Fwd PE 15.13
P/S 0.74
P/FCF 17.88
P/OCF 12.68
P/B 3.81
P/tB 5.75
EV/EBITDA 11.14
EPS(TTM)2.86
EY5.63%
EPS(NY)3.36
Fwd EY6.61%
FCF(TTM)2.84
FCFY5.59%
OCF(TTM)4.01
OCFY7.89%
SpS68.78
BVpS13.33
TBVpS8.84
PEG (NY)1.34
PEG (5Y)1.08
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 2.76
F-Score6
WACC9.03%
ROIC/WACC1.33
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)15.79%
EPS 3Y10.58%
EPS 5Y16.4%
EPS Q2Q%41.18%
EPS Next Y13.24%
EPS Next 2Y12.59%
EPS Next 3Y9.92%
EPS Next 5YN/A
Revenue 1Y (TTM)-44.88%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%4.13%
Revenue Next Year3.45%
Revenue Next 2Y3.9%
Revenue Next 3Y4.7%
Revenue Next 5YN/A
EBIT growth 1Y-41.44%
EBIT growth 3Y8.93%
EBIT growth 5Y14.71%
EBIT Next Year48.56%
EBIT Next 3Y17.28%
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