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FLEX

Flex Ltd

FLEX

26.67USD+0.30 (+1.14%)Market Closed
Watchlist

Market Summary

USD26.67+0.30
Market Closed
1.14%

FLEX Alerts

  • 2 major insider sales recently.

FLEX Stock Price

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FLEX RSI Chart

FLEX Valuation

Market Cap

11.7B

Price/Earnings (Trailing)

14.86

Price/Sales (Trailing)

0.39

EV/EBITDA

6.75

Price/Free Cashflow

22.72

FLEX Price/Sales (Trailing)

FLEX Profitability

EBT Margin

3.23%

Return on Equity

14.61%

Return on Assets

3.77%

Free Cashflow Yield

4.4%

FLEX Fundamentals

FLEX Revenue

Revenue (TTM)

30.0B

Revenue Y/Y

-3.8%

Revenue Q/Q

1.84%

FLEX Earnings

Earnings (TTM)

786.0M

Earnings Y/Y

-1.72%

Earnings Q/Q

22.58%

Price Action

Last 7 days

0.5%

Last 30 days

3.7%

Last 90 days

-2.6%

Trailing 12 Months

28.3%

How does FLEX drawdown profile look like?

FLEX Financial Health

Current Ratio

1.46

FLEX Investor Care

Buy Backs (1Y)

3.76%

Diluted EPS (TTM)

1.74

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202330.3B30.3B30.0B0
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

Latest Insider Trading transactions for FLEX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Oct 31, 2023
mcsweeney erin
sold
-243,580
25.64
-9,500
-
Oct 30, 2023
offer david scott
sold
-3,872,310
25.8154
-150,000
evp, general counsel
Oct 16, 2023
tan lay koon
acquired
-
-
996
-
Oct 16, 2023
hurlston michael e.
acquired
-
-
996
-
Sep 18, 2023
lundstrom paul
sold
-1,376,400
25.719
-53,517
chief financial officer
Aug 02, 2023
hurlston michael e.
acquired
-
-
7,418
-
Aug 02, 2023
mcsweeney erin
acquired
-
-
7,418
-
Aug 02, 2023
ward pat
acquired
-
-
7,418
-
Aug 02, 2023
capellas michael d
acquired
-
-
11,127
-
Aug 02, 2023
harris john d
acquired
-
-
7,418
-

1–10 of 50

Which funds bought or sold FLEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-65.47
-10,469,800
5,322,880
-%
Nov 21, 2023
Walleye Trading LLC
added
53.98
1,716,350
5,128,060
0.01%
Nov 21, 2023
Walleye Capital LLC
added
6.37
388,280
10,526,300
0.03%
Nov 17, 2023
Seelaus Asset Management LLC
reduced
-65.95
-423,881
211,119
0.24%
Nov 16, 2023
Mine & Arao Wealth Creation & Management, LLC.
unchanged
-
-318
13,005
0.01%
Nov 16, 2023
Financial Gravity Asset Management, Inc.
added
407
-8,332
3,622
-%
Nov 16, 2023
Creative Planning
added
0.02
-94,377
3,882,940
-%
Nov 16, 2023
ATTICUS WEALTH MANAGEMENT, LLC
reduced
-12.55
-4,835
28,195
0.01%
Nov 15, 2023
Integrated Wealth Concepts LLC
reduced
-5.16
-46,141
575,591
0.01%
Nov 15, 2023
CAPTRUST FINANCIAL ADVISORS
reduced
-0.46
-7,977
272,986
-%

1–10 of 40

Latest Funds Activity

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

Schedule 13G FIlings of Flex Ltd

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
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

Recent SEC filings of Flex Ltd

View All Filings
Date Filed Form Type Document
Nov 20, 2023
8-K
Current Report
Oct 31, 2023
4
Insider Trading
Oct 31, 2023
144
Notice of Insider Sale Intent
Oct 30, 2023
4
Insider Trading
Oct 30, 2023
144
Notice of Insider Sale Intent
Oct 30, 2023
10-Q
Quarterly Report
Oct 27, 2023
DEFM14A
DEFM14A
Oct 26, 2023
425
Prospectus Filed
Oct 26, 2023
425
Prospectus Filed
Oct 25, 2023
8-K
Current Report

FLEX Fair Value

Loading...

Peers (Alternatives to Flex Ltd)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.0T
383.3B
12.81% 28.13%
30.42
7.7
-2.80% -2.81%
53.9B
12.5B
13.63% 12.79%
28.04
4.32
0.45% 3.30%
26.5B
13.0B
4.89% -18.26%
28.4
1.93
-10.09% -68.03%
23.7B
6.0B
3.74% -0.79%
28.64
3.94
6.01% 19.45%
11.7B
30.0B
3.69% 28.28%
14.86
0.39
5.10% -3.68%
MID-CAP
6.8B
34.6B
6.83% 8.51%
6.4
0.2
-6.07% -26.90%
6.3B
880.3M
6.03% -24.95%
40.19
7.18
-12.90% -26.40%
4.4B
668.5M
8.30% 27.93%
51.22
6.54
20.67% 28.96%
4.4B
26.1B
2.91% 4.16%
5.66
0.16
2.54% 3.99%
2.5B
939.9M
11.01% 10.14%
28.38
2.71
16.54% 27.84%
SMALL-CAP
1.6B
2.9B
15.66% 9.27%
20.36
0.55
-9.59% -15.59%
903.4M
2.9B
5.36% -11.24%
13.29
0.31
4.68% 14.39%
558.0M
1.0B
48.56% -34.84%
-11.7
0.54
-11.40% -160.83%
40.1M
56.7M
900.00% 53.51%
-4.56
0.71
-41.04% -726.48%
33.5M
26.9M
-7.23% -24.76%
22.36
1.25
0.90% -27.90%

Flex Ltd News

Latest updates
Simply Wall St27 Nov 202310:51 am17 hours ago
Defense World27 Nov 202310:47 am17 hours ago
Yahoo Finance23 Nov 202302:40 pm4 days ago
Nasdaq23 Nov 202302:40 pm4 days ago
Stocks Register22 Nov 202304:33 pm5 days ago
Yahoo Finance19 Nov 202312:11 pm8 days ago
The Motley Fool26 Oct 202307:00 am32 days ago
Investor's Business Daily26 Oct 202307:00 am32 days ago
Marketscreener.com26 Oct 202307:00 am32 days ago
Investing.com UK26 Oct 202307:00 am32 days ago
StreetInsider.com25 Oct 202308:12 pm33 days ago
Yahoo Finance25 Oct 202307:00 am33 days ago
Marketscreener.com25 Oct 202307:00 am33 days ago
Marketscreener.com23 Oct 202304:49 am35 days ago

Financials for Flex Ltd

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue1.8%7,4717,3367,4777,7567,7667,3476,8516,6196,2296,3426,2666,7205,9855,1535,4846,4616,0886,1766,2266,9236,663
Gross Profit13.3%665587556583591535505491465471509479395304366430189353380357402
  S&GA Expenses0.7%272270266243245241254225213201205223193191201218205210227238229
EBITDA Margin-100.0%-0.04*0.04*-0.05*0.06*0.06*0.06*0.06*0.06*0.06*0.05*0.05*0.04*0.03*0.02*-----
Interest Expenses14.6%-35.00-41.00---47.00-49.00---------------
Income Taxes-389.3%-81.0028.00-15525.0034.0037.0027.0016.0035.0027.0021.0025.0040.0015.00-3.1234.0021.0019.0028.0013.0022.00
Earnings Before Taxes36.0%32523920826227223219824337123326123315367.0046.00145-96.0064.00-36.52-31.91109
EBT Margin-100.0%-0.03*0.03*0.03*0.03*0.04*0.04*0.04*0.04*0.03*0.03*0.02*0.02*0.01*0.01*------
Net Income22.6%22818614223023218916822733620624020811352.0048.00111-11745.00-64.35-45.1787.00
Net Income Margin-100.0%-0.03*0.03*0.03*0.03*0.03*0.04*0.04*0.04*0.03*0.03*0.02*0.01*0.00*0.00*------
Free Cashflow100.0%--161270200-86.00-69.0025027.0088.0021671.00272190-73981.00------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets0.2%20,96820,93621,39520,89220,62320,05419,32518,17516,71116,19215,83615,66815,00114,13313,69014,13514,27714,42913,49913,97514,726
  Current Assets-0.5%15,46315,54016,02115,81915,63015,14714,33713,21312,18311,72911,36311,11110,4799,5629,0869,3619,4939,3879,1039,49210,033
    Cash Equivalents9.0%2,9002,6603,2942,5652,4532,6472,9642,5742,4582,6932,6372,6112,3591,9351,9231,7891,8161,9201,6971,5031,378
  Inventory-4.8%7,1667,5267,5307,8387,7267,2436,5805,9585,1684,4443,8953,6993,6113,4833,7853,6843,7213,7463,7233,8984,443
  Net PPE-1.5%2,3282,3632,3492,2892,2012,1352,1252,1122,1002,0872,0972,0972,1062,1632,2162,2062,2172,3102,3362,2142,278
  Goodwill-0.5%1,3371,3441,3431,3401,3251,3361,3422721,0851,0941,0901,1091,0881,0751,0651,0701,0621,0771,0731,0791,083
Liabilities-3.6%14,61215,15015,68916,29016,35315,87915,11814,43913,75913,08012,400----------
  Current Liabilities-5.0%10,10610,63810,85511,66812,14611,59010,7119,6428,6888,1387,8347,5197,1576,7957,2117,5517,5587,4387,5987,5048,155
    LT Debt, Current-100.0%-15115049491694694964828427426872.0063.0016214989.0032.0027663343.0056.00
    LT Debt, Non Current-0.9%3,4123,4443,6913,5223,0813,1293,2483,7983,5013,5053,5153,7403,7393,4232,6892,7012,9582,9622,4222,9062,870
Shareholder's Equity2.1%5,9065,7865,3514,5054,1804,0914,1293,6553,5143,5083,4363,3813,1152,9402,8312,8992,8063,0022,9733,0783,170
  Retained Earnings61.0%-146-374-560-702-932-1,164-1,353-1,520-1,747-2,083-2,289-2,529-2,737-2,850-2,902-2,950-3,062-2,945-3,012-2,947-2,902
Shares Outstanding-2.5%438449450452455458461469482491493500501498497507513514517525532
Minority Interest18.4%450380355------------------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations5850.0%3576.0045035910338.00360150180334161348264-629166-51.00-991-656-642-621-764
Cashflow From Investing8.4%-142-155-179-154-182-89.00-123-625-90.00-11324.00-68.00-58.00-10018.00617869775782769959
Cashflow From Financing105.3%26.00-486455-157-86.00-210172595-321-166-150-47.00199741-46.00-59426.0010651.00-18.14-62.44
  Buy Backs56.9%30919744.0040.0072.0018110690.0032816214538.00--87.0061.0060.0052.0065.0064.0060.00

FLEX Income Statement

2023-09-29
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Income Statement [Abstract]    
Net sales$ 7,471$ 7,766$ 14,807$ 15,113
Cost of sales6,8037,17513,53513,987
Restructuring charges30200
Gross profit6655911,2521,126
Selling, general and administrative expenses272245542486
Restructuring charges0060
Intangible amortization17213743
Operating income376325667597
Interest, net35477696
Other charges (income), net16627(3)
Income before income taxes325272564504
Provision for (benefit from) income taxes(81)34(53)71
Net income406238617433
Net income attributable to noncontrolling interest and redeemable noncontrolling interest178620312
Net income attributable to Flex Ltd.$ 228$ 232$ 414$ 421
Earnings per share attributable to the shareholders of Flex Ltd.:    
Basic (in dollars per share)$ 0.51$ 0.51$ 0.93$ 0.92
Diluted (in dollars per share)$ 0.51$ 0.50$ 0.92$ 0.91
Weighted-average shares used in computing per share amounts:    
Basic (in shares)443455445457
Diluted (in shares)448460452464

FLEX Balance Sheet

2023-09-29
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 29, 2023
Mar. 31, 2023
Current assets:  
Cash and cash equivalents$ 2,900$ 3,294
Accounts receivable, net of allowance of $9 and $8, respectively3,8013,739
Contract assets577541
Inventories7,1667,530
Other current assets1,019917
Total current assets15,46316,021
Property and equipment, net2,3282,349
Operating lease right-of-use assets, net609608
Goodwill1,3371,343
Other intangible assets, net275316
Other assets956758
Total assets20,96821,395
Current liabilities:  
Bank borrowings and current portion of long-term debt0150
Accounts payable5,7285,930
Accrued payroll and benefits500522
Deferred revenue and customer working capital advances2,7953,143
Other current liabilities1,0831,110
Total current liabilities10,10610,855
Long-term debt, net of current portion3,4123,691
Operating lease liabilities, non-current497506
Other liabilities597637
Total liabilities14,61215,689
Shareholders’ equity  
Ordinary shares, no par value; 1,500,000,000 authorized, 437,913,956 and 500,362,046 issued, and 437,913,956 and 450,122,691 outstanding, respectively6,2926,493
Treasury stock, at cost; zero and 50,239,355 shares as of September 29, 2023 and March 31, 2023, respectively0(388)
Accumulated deficit(146)(560)
Accumulated other comprehensive loss(240)(194)
Total Flex Ltd. shareholders’ equity5,9065,351
Noncontrolling interest450355
Total shareholders’ equity6,3565,706
Total liabilities, noncontrolling interest, and shareholders' equity$ 20,968$ 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
 WEBSITEwww.flex.com
 EMPLOYEES65535

Flex Ltd Frequently Asked Questions


What is the ticker symbol for Flex Ltd?

Ticker symbol for Flex Ltd is FLEX.

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

As of Mon Nov 27 2023, market cap of Flex Ltd is 11.68 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. 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.

Is Flex Ltd stock overpriced or underpriced?

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 Mon Nov 27 2023, FLEX's PE ratio (Price to Earnings) is 14.86 and Price to Sales (PS) ratio is 0.39. 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.