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FLEX LTD (FLEX) Stock Fundamental Analysis

USA - NASDAQ:FLEX - SG9999000020 - Common Stock

56.59 USD
-3.04 (-5.1%)
Last: 10/10/2025, 9:27:17 PM
55.41 USD
-1.18 (-2.09%)
After Hours: 10/10/2025, 9:27:17 PM
Fundamental Rating

5

Overall FLEX gets a fundamental rating of 5 out of 10. We evaluated FLEX against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While FLEX has a great profitability rating, there are some minor concerns on its financial health. FLEX is not valued too expensively and it also shows a decent growth rate.


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.
FLEX had positive earnings in each of the past 5 years.
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 has a Return On Assets of 4.56%. This is in the better half of the industry: FLEX outperforms 68.55% of its industry peers.
The Return On Equity of FLEX (16.75%) is better than 86.29% of its industry peers.
FLEX has a better Return On Invested Capital (12.05%) than 87.90% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FLEX is in line with the industry average of 9.44%.
The 3 year average ROIC (10.04%) for FLEX is below the current ROIC(12.05%), indicating increased profibility in the last year.
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

Looking at the Profit Margin, with a value of 3.25%, FLEX is in the better half of the industry, outperforming 62.10% of the companies in the same industry.
In the last couple of years the Profit Margin of FLEX has grown nicely.
FLEX's Operating Margin of 4.86% is fine compared to the rest of the industry. FLEX outperforms 62.90% of its industry peers.
FLEX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 8.64%, FLEX is doing worse than 83.87% 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.
Compared to 1 year ago, FLEX has less shares outstanding
Compared to 5 years ago, FLEX has less shares outstanding
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 2.87 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 2.87, FLEX is doing worse than 61.29% 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.
FLEX's Debt to FCF ratio of 3.46 is fine compared to the rest of the industry. FLEX outperforms 68.55% of its industry peers.
A Debt/Equity ratio of 0.50 indicates that FLEX is not too dependend on debt financing.
FLEX has a worse Debt to Equity ratio (0.50) than 70.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.46
Altman-Z 2.87
ROIC/WACC1.33
WACC9.06%
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

FLEX has a Current Ratio of 1.30. This is a normal value and indicates that FLEX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.30, FLEX is not doing good in the industry: 81.45% of the companies in the same industry are doing better.
A Quick Ratio of 0.79 indicates that FLEX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.79, FLEX is doing worse than 87.90% of the companies in the same industry.
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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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 15.79% over the past year.
The Earnings Per Share has been growing by 16.40% on average over the past years. This is quite good.
Looking at the last year, FLEX shows a very negative growth in Revenue. The Revenue has decreased by -44.88% in the last year.
The Revenue has been growing slightly by 1.29% on average over the past years.
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

Based on estimates for the next years, FLEX will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.03% on average per year.
The Revenue is expected to grow by 4.48% on average over the next years.
EPS Next Y16.43%
EPS Next 2Y13.14%
EPS Next 3Y13.03%
EPS Next 5YN/A
Revenue Next Year4.1%
Revenue Next 2Y4.12%
Revenue Next 3Y4.48%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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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6

4. Valuation

4.1 Price/Earnings Ratio

FLEX is valuated rather expensively with a Price/Earnings ratio of 19.79.
Based on the Price/Earnings ratio, FLEX is valued a bit cheaper than the industry average as 79.84% of the companies are valued more expensively.
FLEX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.02, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 16.68 indicates a correct valuation of FLEX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLEX indicates a somewhat cheap valuation: FLEX is cheaper than 79.03% of the companies listed in the same industry.
FLEX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 19.79
Fwd PE 16.68
FLEX Price Earnings VS Forward Price EarningsFLEX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FLEX is valued a bit cheaper than 77.42% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FLEX is valued cheaply inside the industry as 80.65% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.83
EV/EBITDA 12.58
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.
The excellent profitability rating of FLEX may justify a higher PE ratio.
A more expensive valuation may be justified as FLEX's earnings are expected to grow with 13.03% in the coming years.
PEG (NY)1.2
PEG (5Y)1.21
EPS Next 2Y13.14%
EPS Next 3Y13.03%

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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 (10/10/2025, 9:27:17 PM)

After market: 55.41 -1.18 (-2.09%)

56.59

-3.04 (-5.1%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)07-24 2025-07-24/bmo
Earnings (Next)10-22 2025-10-22/bmo
Inst Owners103.6%
Inst Owner Change0%
Ins Owners0.64%
Ins Owner Change3.02%
Market Cap21.16B
Analysts82.22
Price Target58.96 (4.19%)
Short Float %2.27%
Short Ratio2.16
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)0.22%
PT rev (3m)20.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.03%
EPS NY rev (3m)2.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)2.09%
Valuation
Industry RankSector Rank
PE 19.79
Fwd PE 16.68
P/S 0.82
P/FCF 19.83
P/OCF 14.06
P/B 4.23
P/tB 6.38
EV/EBITDA 12.58
EPS(TTM)2.86
EY5.05%
EPS(NY)3.39
Fwd EY5.99%
FCF(TTM)2.85
FCFY5.04%
OCF(TTM)4.02
OCFY7.11%
SpS69.03
BVpS13.38
TBVpS8.87
PEG (NY)1.2
PEG (5Y)1.21
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 2.87
F-Score6
WACC9.06%
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 Y16.43%
EPS Next 2Y13.14%
EPS Next 3Y13.03%
EPS Next 5YN/A
Revenue 1Y (TTM)-44.88%
Revenue growth 3Y-0.29%
Revenue growth 5Y1.29%
Sales Q2Q%4.13%
Revenue Next Year4.1%
Revenue Next 2Y4.12%
Revenue Next 3Y4.48%
Revenue Next 5YN/A
EBIT growth 1Y-41.44%
EBIT growth 3Y8.93%
EBIT growth 5Y14.71%
EBIT Next Year48.77%
EBIT Next 3Y19.13%
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