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Flex Ltd Stock Research

FLEX

26.13USD+0.59(+2.31%)Delayed

Market Summary

USD26.13+0.59
Delayed
2.31%

FLEX Stock Price

FLEX RSI Chart

FLEX Valuation

Market Cap

11.8B

Price/Earnings (Trailing)

14.41

Price/Sales (Trailing)

0.4

EV/EBITDA

6.66

Price/Free Cashflow

40.01

FLEX Price/Sales (Trailing)

FLEX Profitability

EBT Margin

3.24%

Return on Equity

18.18%

Return on Assets

3.92%

Free Cashflow Yield

2.5%

FLEX Fundamentals

FLEX Revenue

Revenue (TTM)

29.7B

Revenue Y/Y

17.18%

Revenue Q/Q

-0.13%

FLEX Earnings

Earnings (TTM)

819.0M

Earnings Y/Y

1.32%

Earnings Q/Q

-0.86%

Price Action

52 Week Range

13.6326.27
(Low)(High)

Last 7 days

0.9%

Last 30 days

29.9%

Last 90 days

14.1%

Trailing 12 Months

51.2%

FLEX Financial Health

Current Ratio

1.36

FLEX Investor Care

Buy Backs (1Y)

3.70%

Diluted EPS (TTM)

1.76

Peers (Alternatives to Flex)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.2B
12.6B
3.66% 9.00%
24.1
3.65
10.43% 13.56%
29.1B
5.6B
14.51% 9.73%
25.16
5.2
8.73% 21.45%
26.5B
13.7B
-0.51% -12.30%
28.4
1.93
-5.42% -50.77%
14.9B
5.8B
7.55% -19.90%
30.01
2.57
0.74% -49.88%
12.3B
35.1B
19.21% 48.37%
12.77
0.35
14.26% 19.33%
MID-CAP
11.8B
29.7B
29.87% 51.22%
14.41
0.4
16.75% -18.83%
5.3B
1.4B
-5.14% 7.25%
53.02
3.79
-5.29% -64.10%
3.1B
8.9B
3.36% 23.23%
10.22
0.35
27.72% 7.28%
3.1B
3.5B
25.05% 28.12%
7.24
0.89
5.56% 32.27%
2.6B
4.3B
7.75% 11.08%
15.17
0.61
26.94% 53.71%
SMALL-CAP
2.0B
1.2B
2.58% 42.86%
24.44
1.69
2.10% -22.63%
1.5B
585.2M
14.16% 12.97%
25.51
2.51
9.95% 271.58%
1.4B
2.5B
20.32% -5.57%
19.71
0.57
6.71% -4.45%
869.4M
2.9B
11.96% -4.51%
12.49
0.3
23.44% 79.40%
653.9M
242.1M
54.92% 8.15%
-11.98
2.7
-10.40% -83.96%

Financials for Flex

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.0%29,72028,58327,04626,04125,456
Gross Profit4.3%2,2142,1221,9961,9321,936
  S&GA Expenses1.9%983965933892838
EBITDA1.4%1,5511,5291,6161,607-
EBITDA Margin-2.4%0.05*0.05*0.06*0.06*-
Earnings Before Taxes2.0%9639441,0431,0451,107
EBT Margin-1.9%0.03*0.03*0.04*0.04*-
Interest Expenses4.4%165158153153-
Net Income0.4%8198169209371,009
Net Income Margin-3.5%0.03*0.03*0.03*0.04*-
Free Cahsflow141.8%295122296581-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.3%20,89220,62320,05419,32518,175
  Current Assets1.2%15,81915,63015,14714,33713,213
    Cash Equivalents4.6%2,5652,4532,6472,9642,574
  Inventory1.4%7,8387,7267,2436,5805,958
  Net PPE4.0%2,2892,2012,1352,1252,112
  Goodwill1.1%1,3401,3251,3361,342272
Liabilities-0.4%16,29016,35315,87915,118-
  Current Liabilities-3.9%11,66812,14611,59010,7119,642
    LT Debt, Current-46.1%494916946949648
    LT Debt, Non Current14.3%3,5223,0813,1293,2483,798
Shareholder's Equity7.8%4,5054,1804,0914,1293,655
  Retained Earnings24.7%-702-932-1,164-1,353-1,520
Accumulated Depreciation-3,979----
Shares Outstanding-0.4%452454458461469
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations32.1%8606517281,024825
  Share Based Compensation-91.00----
Cashflow From Investing46.2%-548-1,019-927-951-804
Cashflow From Financing-159.7%-281471236280-42.00
  Buy Backs-11.1%399449705686725

Risks for FLEX

What is the probability of a big loss on FLEX?

70.4%


Probability that Flex stock will be more than 20% underwater in next one year

45.8%


Probability that Flex stock will be more than 30% underwater in next one year.

38.9%


Probability that Flex stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FLEX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Flex was unfortunately bought at previous high price.

Drawdowns

Returns for FLEX

Cumulative Returns on FLEX

13.1%


10-Year Cumulative Returns

10.8%


7-Year Cumulative Returns

13.4%


5-Year Cumulative Returns

35.8%


3-Year Cumulative Returns

What are the long-term rolling returns for FLEX?

FIve years rolling returns for Flex.

Annualized Returns

Which funds bought or sold FLEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-06-01
PRELUDE CAPITAL MANAGEMENT, LLC
sold off
-100
-274,066
-
-%
2023-06-01
MACQUARIE GROUP LTD
reduced
-11.32
-8,554,000
165,611,000
0.20%
2023-05-23
Front Row Advisors LLC
reduced
-2.25
2,000
43,000
0.02%
2023-05-23
ROYCE & ASSOCIATES LP
reduced
-4.94
204,382
10,807,400
0.11%
2023-05-22
American Trust
reduced
-2.02
14,400
299,153
0.02%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-21.27
-1,901,360
10,297,600
-%
2023-05-19
Anson Funds Management LP
added
100
1,473,600
2,761,200
0.23%
2023-05-18
JPMORGAN CHASE & CO
reduced
-12.33
-1,127,610
17,667,400
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
274
2,450,000
3,264,000
-%
2023-05-17
Long Focus Capital Management, LLC
reduced
-20.19
-1,648,200
9,779,250
0.55%

1–10 of 39

Latest Funds Activity

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

Flex News

Simply Wall St
Omega Flex Insider Lowered Holding By 13% During Last Year \.
Simply Wall St,
4 hours ago
pv magazine International
Giant Freakin Robot
Yahoo Finance UK
Benzinga
Marketscreener.com
Digital Trends

Schedule 13G FIlings of Flex

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 10, 2022
primecap management co/ca/
11.69%
55,019,450
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 04, 2022
wellington management group llp
8.70%
40,954,007
SC 13G/A
Mar 10, 2021
fmr llc
-
0
SC 13G/A
Feb 12, 2021
primecap management co/ca/
12.97%
65,016,736
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A

FLEX Fair Value

Show Fair-Value

Recent SEC filings of Flex

View All Filings
Date Filed Form Type Document
Jun 02, 2023
144
Notice of Insider Sale Intent
Jun 02, 2023
144
Notice of Insider Sale Intent
Jun 02, 2023
144
Notice of Insider Sale Intent
Jun 02, 2023
144
Notice of Insider Sale Intent
Jun 02, 2023
144
Notice of Insider Sale Intent
Jun 02, 2023
144
Notice of Insider Sale Intent
Jun 02, 2023
144
Notice of Insider Sale Intent
May 26, 2023
SD
SD
May 19, 2023
10-K
Annual Report
May 10, 2023
8-K
Current Report

Latest Insider Trading transactions for FLEX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-17
Tan Lay Koon
acquired
-
-
1,214
-
2023-04-17
HURLSTON MICHAEL E.
acquired
-
-
1,214
-
2023-03-16
McSweeney Erin
sold
-206,000
20.6
-10,000
-
2023-03-15
Ward Pat
gifted
-
-
-6,402
-
2023-03-15
Ward Pat
gifted
-
-
6,402
-
2023-03-10
WENDLER DANIEL
sold
-33,185
21.9478
-1,512
chief accounting officer
2023-03-01
Tan Kwang Hooi
sold
-79,462
22.8144
-3,483
group president
2023-02-23
Sidelinger Rebecca
sold
-261,380
23.2938
-11,221
group president
2023-01-17
Tan Lay Koon
acquired
-
-
1,097
-
2023-01-17
HURLSTON MICHAEL E.
acquired
-
-
1,097
-

1–10 of 50

Revathi Advaithi
65535
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The company provides a portfolio of technologies in electrical/electronics, electromechanical, and software; and cross-industry technologies, including human machine interface, audio and video, system in package, miniaturization, IoT platforms, and power management. It also designs and integrates advanced data center servers, storage and networking equipment, and data center appliances. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; isolated DC/DC converters and non-isolated Point of Load converters for the information and communications technology market; and specialized power module solutions for other markets. Additionally, the company provides after-market and forward supply chain logistics services comprising supplier-managed inventory, inbound freight management, product postponement, build/configure to order, order fulfillment and distribution, asset tracking, and supply chain network design; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.

FLEX Income Statement

2023-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]   
Net sales$ 30,346$ 26,041$ 24,124
Cost of sales28,05824,09422,349
Restructuring charges231588
Gross profit2,2651,9321,687
Selling, general and administrative expenses995892817
Intangible amortization826862
Restructuring charges4013
Operating income1,184972795
Interest, net201152148
Other charges (income), net5(164)16
Equity in earnings (losses) of unconsolidated affiliates(4)6183
Income before income taxes9741,045714
Provision for (benefit from) income taxes(59)105101
Net income1,033940613
Net income attributable to noncontrolling interest and redeemable noncontrolling interest24040
Net income attributable to Flex Ltd.$ 793$ 936$ 613
Earnings per share attributable to the shareholders of Flex Ltd.:   
Basic (in dollars per share)$ 1.75$ 1.97$ 1.23
Diluted (in dollars per share)$ 1.72$ 1.94$ 1.21
Weighted-average shares used in computing per share amounts:   
Basic (in shares)454476499
Diluted (in shares)462483506

FLEX Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Mar. 31, 2022
Current assets:  
Cash and cash equivalents$ 3,294$ 2,964
Accounts receivable, net of allowance for doubtful accounts3,7393,371
Contract assets541519
Inventories7,5306,580
Other current assets917903
Total current assets16,02114,337
Property and equipment, net2,3492,125
Operating lease right-of-use assets, net608637
Goodwill1,3431,342
Other intangible assets, net316411
Other assets758473
Total assets21,39519,325
Current liabilities:  
Bank borrowings and current portion of long-term debt150949
Accounts payable5,9306,254
Accrued payroll522470
Deferred revenue and customer working capital advances3,1432,002
Other current liabilities1,1101,036
Total current liabilities10,85510,711
Long-term debt, net of current portion3,6913,248
Operating lease liabilities, non-current506551
Other liabilities637608
Total liabilities15,68915,118
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest078
Shareholders' equity  
Ordinary shares, no par value; 1,500,000,000 authorized, 500,362,046 and 510,799,667 issued, and 450,122,691 and 460,560,312 outstanding as of March 31, 2023 and 2022, respectively6,4936,052
Treasury stock, at cost; 50,239,355 shares as of March 31, 2023 and 2022, respectively(388)(388)
Accumulated deficit(560)(1,353)
Accumulated other comprehensive loss(194)(182)
Total Flex Ltd. shareholders' equity5,3514,129
Noncontrolling interest3550
Total shareholders' equity5,7064,129
Total liabilities, redeemable noncontrolling interest and shareholders' equity$ 21,395$ 19,325