Stock Ideas
New
Stocks
Funds
Screener
Sectors
Watchlists
FLEX

FLEX - Flex Ltd Stock Price, Fair Value and News

29.30USD+0.14 (+0.48%)Delayed

Market Summary

FLEX
USD29.30+0.14
Delayed
0.48%

FLEX Alerts

  • 5 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)

FLEX Stock Price

View Fullscreen

FLEX RSI Chart

FLEX Valuation

Market Cap

11.8B

Price/Earnings (Trailing)

11.7

Price/Sales (Trailing)

0.42

EV/EBITDA

13.41

Price/Free Cashflow

14.78

FLEX Price/Sales (Trailing)

FLEX Profitability

Operating Margin

3.50%

EBT Margin

2.37%

Return on Equity

18.89%

Return on Assets

5.51%

Free Cashflow Yield

6.76%

FLEX Fundamentals

FLEX Revenue

Revenue (TTM)

28.1B

Rev. Growth (Yr)

-11.67%

Rev. Growth (Qtr)

-13.15%

FLEX Earnings

Earnings (TTM)

1.0B

Earnings Growth (Yr)

178.17%

Earnings Growth (Qtr)

100.51%

Breaking Down FLEX Revenue

Last 7 days

2.2%

Last 30 days

4.3%

Last 90 days

3.8%

Trailing 12 Months

21.1%

How does FLEX drawdown profile look like?

FLEX Financial Health

Current Ratio

1.52

Debt/Equity

0.61

Debt/Cashflow

0.41

FLEX Investor Care

Buy Backs (1Y)

9.64%

Diluted EPS (TTM)

2.3

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202428.1B000
202329.9B29.8B29.5B28.9B
202226.0B27.0B28.6B29.7B
202124.1B25.3B25.6B25.5B
202024.2B23.2B23.1B23.3B
201926.2B26.0B25.4B25.0B
201825.4B25.8B26.2B26.4B
201723.9B24.0B24.3B24.9B
201624.4B24.7B24.4B23.8B
201526.1B25.1B24.9B24.6B
201426.1B27.0B27.1B26.9B
201323.6B23.4B23.6B24.7B
201229.3B27.8B26.0B24.6B
201128.5B29.4B30.1B29.8B
201024.1B24.9B26.4B27.6B
200930.9B28.4B25.4B23.8B
200827.6B28.4B29.3B30.1B
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Flex Ltd

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 09, 2024
lundstrom paul
sold
-1,023,630
28.6465
-35,733
chief financial officer
May 09, 2024
hartung michael p
sold
-899,704
28.6466
-31,407
group president
May 09, 2024
tan kwang hooi
sold
-418,279
28.6512
-14,599
group president
May 09, 2024
advaithi revathi
sold
-4,614,170
28.6502
-161,052
chief executive officer
May 09, 2024
offer david scott
sold
-976,835
28.6487
-34,097
evp, general counsel
May 08, 2024
advaithi revathi
acquired
-
-
337,416
chief executive officer
May 08, 2024
lundstrom paul
acquired
-
-
78,138
chief financial officer
May 08, 2024
tan kwang hooi
acquired
-
-
26,564
group president
May 08, 2024
hartung michael p
acquired
-
-
62,156
group president
May 08, 2024
offer david scott
acquired
-
-
67,484
evp, general counsel

1–10 of 50

Which funds bought or sold FLEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 17, 2024
Wahed Invest LLC
new
-
254,629
254,629
0.06%
May 17, 2024
New Covenant Trust Company, N.A.
new
-
16,537
16,537
0.02%
May 16, 2024
Colony Group, LLC
new
-
224,000
224,000
-%
May 16, 2024
B. Riley Wealth Advisors, Inc.
added
5.34
-18,013
250,888
0.01%
May 16, 2024
Dynasty Wealth Management, LLC
new
-
334,594
334,594
0.01%
May 16, 2024
Beacon Capital Management, LLC
unchanged
-
217
3,805
-%
May 16, 2024
Semmax Financial Advisors Inc.
new
-
2,599
2,599
-%
May 16, 2024
Tidal Investments LLC
new
-
821,193
821,193
0.01%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-62.58
-7,355,970
3,987,060
-%
May 16, 2024
Ancora Advisors LLC
new
-
782,283
782,283
0.02%

1–10 of 41

Are Funds Buying or Selling FLEX?

Are funds buying FLEX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FLEX
No. of Funds

Unveiling Flex Ltd's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 11, 2024
fmr llc
-
0
SC 13G/A
Feb 13, 2024
janus henderson group plc
6.5%
28,096,966
SC 13G/A
Feb 12, 2024
primecap management co/ca/
10.42%
45,139,254
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G/A
Feb 08, 2024
wellington management group llp
5.56%
24,101,224
SC 13G/A
Jul 10, 2023
fmr llc
-
0
SC 13G
Feb 13, 2023
janus henderson group plc
5.9%
26,869,680
SC 13G
Feb 09, 2023
primecap management co/ca/
11.46%
51,875,426
SC 13G/A
Feb 06, 2023
wellington management group llp
6.95%
31,484,108
SC 13G/A
Sep 12, 2022
fmr llc
-
0
SC 13G/A

Recent SEC filings of Flex Ltd

View All Filings
Date Filed Form Type Document
May 17, 2024
10-K
Annual Report
May 09, 2024
144
Notice of Insider Sale Intent
May 09, 2024
144
Notice of Insider Sale Intent
May 09, 2024
144
Notice of Insider Sale Intent
May 09, 2024
144
Notice of Insider Sale Intent
May 09, 2024
144
Notice of Insider Sale Intent
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading
May 09, 2024
4
Insider Trading

Peers (Alternatives to Flex Ltd)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.9T
381.6B
13.05% 8.50%
29.01
7.63
-0.90% 6.43%
79.2B
12.8B
18.32% 73.26%
38.89
6.17
1.52% 6.35%
30.3B
12.4B
14.17% 13.04%
49.07
2.45
-9.51% -33.28%
27.2B
6.1B
-3.77% 17.13%
30.2
4.43
3.71% 17.79%
11.8B
28.1B
4.34% 21.12%
11.7
0.42
-5.94% 26.86%
MID-CAP
8.2B
847.2M
22.04% -8.33%
82.44
9.7
-8.39% -42.67%
7.0B
31.3B
7.85% 6.15%
9.82
0.22
-14.93% -46.67%
5.8B
740.8M
28.88% 40.20%
56.51
7.8
25.07% 42.99%
4.8B
24.7B
14.45% 25.08%
8.44
0.19
-6.09% -33.76%
2.8B
988.8M
12.19% 14.65%
28.58
2.84
8.64% 13.26%
SMALL-CAP
1.8B
2.8B
10.03% 54.73%
21.81
0.65
-10.09% 0.74%
1.5B
2.8B
37.18% 85.46%
22.52
0.53
-4.25% -5.27%
246.3M
986.2M
-7.39% -59.95%
-0.68
0.25
-6.21% -5303.34%
25.8M
26.4M
2.30% -40.07%
33.65
0.98
-2.48% -64.63%
22.4M
56.7M
-36.44% -0.66%
-3.8
0.59
-41.04% -726.48%

Flex Ltd News

Latest updates
MarketBeat17 May 202411:59 am
Yahoo New Zealand News17 May 202402:04 am
Yahoo Movies UK14 May 202408:19 pm

Flex Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-13.1%6,1697,1037,4717,3366,9847,7567,7667,3476,8516,6196,2296,3426,2666,7205,9855,1535,4846,4616,0886,1766,226
Gross Profit-31.9%437642665587465583591535505491465471509479395304366430189353380
  S&GA Expenses-56.1%116264272270266243245241254225213201205223193191201218205210227
EBITDA Margin-28.6%0.03*0.05*0.04*0.04*0.04*0.04*0.04*0.05*0.05*0.05*0.05*0.05*---------
Interest Expenses100.0%--36.00-35.00-41.00-51.00-54.00-47.00-49.00-------------
Income Taxes-406.8%-22774.00-81.0028.00-15525.0034.0037.0027.0016.0035.0027.0021.0025.0040.0015.00-3.1234.0021.0019.0028.00
Earnings Before Taxes-166.8%-20530732523920826227223219824337123326123315367.0046.00145-96.0064.00-36.52
EBT Margin-36.5%0.02*0.04*0.03*0.03*0.03*0.03*0.03*0.04*0.04*0.04*0.04*0.03*---------
Net Income100.5%39519722818614223023218916822733620624020811352.0048.00111-11745.00-64.35
Net Income Margin37.5%0.04*0.03*0.03*0.03*0.03*0.03*0.03*0.03*0.04*0.04*0.04*0.03*---------
Free Cashflow288.3%598154205-161270200-86.00-69.0025027.0088.00216---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-10.4%18,25720,36620,96820,93621,39520,89220,62320,05419,32518,17516,71116,19215,83615,66815,00114,13313,69014,13514,27714,42913,499
  Current Assets-12.7%12,99214,87715,46315,54016,02115,81915,63015,14714,33713,21312,18311,72911,36311,11110,4799,5629,0869,3619,4939,3879,103
    Cash Equivalents-10.5%2,4742,7642,9002,6603,2942,5652,4532,6472,9642,5742,4582,6932,6372,6112,3591,9351,9231,7891,8161,9201,697
  Inventory-9.0%6,2056,8157,1667,5267,5307,8387,7267,2436,5805,9585,1684,4443,8953,6993,6113,4833,7853,6843,7213,7463,723
  Net PPE-2.5%2,2692,3282,3282,3632,3492,2892,2012,1352,1252,1122,1002,0872,0972,0972,1062,1632,2162,2062,2172,3102,336
  Goodwill-15.8%1,1351,3481,3371,3441,3431,3401,3251,3361,3422721,0851,0941,0901,1091,0881,0751,0651,0701,0621,0771,073
Liabilities-7.1%12,93213,92114,61215,15015,68916,29016,35315,87915,118---12,400--------
  Current Liabilities-9.0%8,5399,38610,10610,63810,85511,66812,14611,59010,7119,6428,6888,1387,8347,5197,1576,7957,2117,5517,5587,4387,598
  Long Term Debt-5.0%3,2613,4313,4123,4443,6913,5223,0813,1293,2483,7983,5013,5053,5153,7403,7393,4232,6892,7012,9582,9622,422
    LT Debt, Current-100.0%-3.00-15115049491694694964828427426872.0063.0016214989.0032.00276633
    LT Debt, Non Current-100.0%-3,4313,4123,4443,6913,5223,0813,1293,2483,7983,5013,5053,5153,7403,7393,4232,6892,7012,9582,9622,422
Shareholder's Equity-10.7%5,3255,9656,3565,7865,3514,5054,1804,0914,1293,6553,5143,5083,4363,3813,1152,9402,8312,8992,8063,0022,973
  Retained Earnings774.5%44651.00-146-374-560-702-932-1,164-1,353-1,520-1,747-2,083-2,289-2,529-2,737-2,850-2,902-2,950-3,062-2,945-3,012
Shares Outstanding-4.5%408427438449450455457458461481482491---------
Minority Interest-100.0%-480450380355----------------
Float---11,800---7,600---8,600---5,300---5,300--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations139.1%6792843576.0045035910338.00360150180334161348264-629166-51.00-991-656-642
Cashflow From Investing33.3%-78.00-117-142-155-179-154-182-89.00-123-625-90.00-11324.00-68.00-58.00-10018.00617869775782
Cashflow From Financing-188.3%-888-30826.00-486455-157-86.00-210172595-321-166-150-47.00199741-46.00-59426.0010651.00
  Buy Backs88.0%51727530919744.0040.0072.0018110690.0032816214538.00--87.0061.0060.0052.0065.00
Get Full Access to Grufity – and Unlimited Downloads
Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.
Try For Just $1.99

FLEX Income Statement

2023-12-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Net sales$ 7,103$ 7,756$ 21,910$ 22,869
Cost of sales6,4007,16819,93521,155
Restructuring charges615815
Gross profit6425831,8941,709
Selling, general and administrative expenses264243806729
Restructuring charges130190
Intangible amortization17195462
Operating income3483211,015918
Interest, net3654112150
Other charges, net55322
Income before income taxes307262871766
Provision for income taxes74252196
Net income233237850670
Net income attributable to noncontrolling interest and redeemable noncontrolling interest36723919
Net income attributable to Flex Ltd.$ 197$ 230$ 611$ 651
Earnings per share attributable to the shareholders of Flex Ltd.:    
Basic (in dollars per share)$ 0.46$ 0.51$ 1.39$ 1.43
Diluted (in dollars per share)$ 0.45$ 0.50$ 1.37$ 1.41
Weighted-average shares used in computing per share amounts:    
Basic (in shares)431452440455
Diluted (in shares)436459446462

FLEX Balance Sheet

2023-12-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Mar. 31, 2023
Current assets:  
Cash and cash equivalents$ 2,764$ 3,294
Accounts receivable, net of allowance of $11 and $8, respectively3,6053,739
Contract assets604541
Inventories6,8157,530
Other current assets1,089917
Total current assets14,87716,021
Property and equipment, net2,3282,349
Operating lease right-of-use assets, net612608
Goodwill1,3481,343
Other intangible assets, net266316
Other assets935758
Total assets20,36621,395
Current liabilities:  
Bank borrowings and current portion of long-term debt3150
Accounts payable5,2925,930
Accrued payroll and benefits513522
Deferred revenue and customer working capital advances2,5673,143
Other current liabilities1,0111,110
Total current liabilities9,38610,855
Long-term debt, net of current portion3,4313,691
Operating lease liabilities, non-current502506
Other liabilities602637
Total liabilities13,92115,689
Shareholders’ equity  
Ordinary shares, no par value; 1,500,000,000 authorized, 427,319,202 and 500,362,046 issued, and 427,319,202 and 450,122,691 outstanding, respectively6,0566,493
Treasury stock, at cost; zero and 50,239,355 shares as of December 31, 2023 and March 31, 2023, respectively0(388)
Accumulated earnings (deficit)51(560)
Accumulated other comprehensive loss(142)(194)
Total Flex Ltd. shareholders’ equity5,9655,351
Noncontrolling interest480355
Total shareholders’ equity6,4455,706
Total liabilities, noncontrolling interest, and shareholders' equity$ 20,366$ 21,395
FLEX
Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise automotive including next generation mobility, autonomous, connectivity, electrification, and smart technologies; health solutions, such as medical devices, medical equipment, and drug delivery; and industrial solutions including capital equipment, industrial devices, and renewables and grid edge. The Nextracker segment offers solar tracker and software solutions, which are used in utility-scale and ground-mounted distributed generation solar projects. In addition, it provides a broad array of services including design and engineering, component services, rapid prototyping, fulfillment, and circular economy solutions. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Singapore.
 CEO
 WEBSITEflex.com
 INDUSTRYConsumer Electronics
 EMPLOYEES65535

Flex Ltd Frequently Asked Questions


What is the ticker symbol for Flex Ltd? What does FLEX stand for in stocks?

FLEX is the stock ticker symbol of Flex Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Flex Ltd (FLEX)?

As of Fri May 17 2024, market cap of Flex Ltd is 11.77 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FLEX stock?

You can check FLEX's fair value in chart for subscribers.

What is the fair value of FLEX stock?

You can check FLEX's fair value in chart for subscribers. The fair value of Flex Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Flex Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FLEX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Flex Ltd a good stock to buy?

The fair value guage provides a quick view whether FLEX is over valued or under valued. Whether Flex Ltd is cheap or expensive depends on the assumptions which impact Flex Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FLEX.

What is Flex Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FLEX's PE ratio (Price to Earnings) is 11.7 and Price to Sales (PS) ratio is 0.42. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FLEX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Flex Ltd's stock?

In the past 10 years, Flex Ltd has provided 0.12 (multiply by 100 for percentage) rate of return.