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Flex Ltd Stock Research

FLEX

23.54USD-0.39(-1.63%)Delayed

Market Summary

USD23.54-0.39
Delayed
-1.63%

FLEX Stock Price

FLEX RSI Chart

FLEX Valuation

Market Cap

10.7B

Price/Earnings (Trailing)

13.09

Price/Sales (Trailing)

0.37

EV/EBITDA

5.38

Price/Free Cashflow

87.53

FLEX Price/Sales (Trailing)

FLEX Profitability

EBT Margin

3.30%

Return on Equity

19.52%

Return on Assets

3.96%

Free Cashflow Yield

1.14%

FLEX Fundamentals

FLEX Revenue

Revenue (TTM)

28.6B

Revenue Y/Y

24.67%

Revenue Q/Q

5.7%

FLEX Earnings

Earnings (TTM)

816.0M

Earnings Y/Y

-30.95%

Earnings Q/Q

22.75%

Price Action

52 Week Range

13.6325.12
(Low)(High)

Last 7 days

-2.9%

Last 30 days

12.6%

Last 90 days

19.4%

Trailing 12 Months

50.0%

FLEX Financial Health

Current Ratio

1.29

Debt/Equity

1

Debt/Cashflow

0.18

FLEX Investor Care

Buy Backs (1Y)

5.88%

Diluted EPS (TTM)

1.74

Peers (Alternatives to Flex)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.8B
12.4B
5.02% 5.44%
25.17
3.77
20.78% 25.42%
31.8B
5.4B
5.84% 10.14%
28.26
5.86
9.69% 25.73%
31.1B
14.2B
17.12% -6.47%
16.54
2.19
3.27% 12.16%
14.9B
5.7B
28.46% -32.99%
30.01
2.57
5.07% -44.62%
10.7B
28.6B
12.58% 50.03%
13.09
0.37
11.84% -17.58%
10.5B
33.5B
14.76% 32.78%
10.5
0.31
14.32% 43.10%
MID-CAP
5.5B
1.5B
23.45% -21.83%
20.55
3.77
1.92% 1.99%
3.3B
3.5B
8.47% 14.64%
8.28
0.93
13.72% 31.36%
3.2B
7.9B
0.27% 57.12%
12.61
0.41
16.78% -4.79%
2.6B
3.8B
-8.37% 25.47%
18.73
0.68
13.14% -0.48%
SMALL-CAP
1.6B
1.2B
20.90% 15.15%
14.77
1.36
0.07% 28.38%
1.6B
2.5B
6.06% 16.86%
16.22
0.64
13.87% 14.08%
1.4B
577.1M
14.14% 38.35%
26.2
2.44
14.64% 249.10%
960.4M
2.8B
5.06% 19.49%
16.16
0.35
29.17% 91.42%
555.4M
252.8M
30.29% -35.81%
-13.66
2.2
-5.80% -59.89%

Financials for Flex

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue5.7%28,58327,04626,04125,45625,557
Gross Profit6.3%2,1221,9961,9321,9361,924
  S&GA Expenses3.4%965933892838836
EBITDA-5.4%1,5291,6161,607--
EBITDA Margin-10.5%0.05*0.06*0.06*--
Earnings Before Taxes-9.5%9441,0431,0451,1071,097
EBT Margin-14.4%0.03*0.04*0.04*--
Interest Expenses4.4%165158153153155
Net Income-11.3%8169209371,009990
Net Income Margin-16.1%0.03*0.03*0.04*--
Free Cahsflow-58.8%122296581--
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets2.8%20,62320,05419,32518,17516,711
  Current Assets3.2%15,63015,14714,33713,21312,183
    Cash Equivalents-7.3%2,4532,6472,9642,5742,458
  Inventory6.7%7,7267,2436,5805,9585,168
  Net PPE3.1%2,2012,1352,1252,1122,100
  Goodwill-0.8%1,3251,3361,3422721,085
Liabilities3.0%16,35315,87915,118--
  Current Liabilities4.8%12,14611,59010,7119,6428,688
    LT Debt, Current-3.2%916946949648284
    LT Debt, Non Current-1.5%3,0813,1293,2483,7983,501
Shareholder's Equity2.2%4,1804,0914,1293,6553,514
  Retained Earnings19.9%-932.00-1,164.00-1,353.00-1,520.00-1,747.00
Accumulated Depreciation-3,979----
Shares Outstanding-0.9%454458461467482
Float-8,600----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-10.6%6517281,0248251,023
  Share Based Compensation-91----
Cashflow From Investing-9.9%-1,019.00-927.00-951.00-804.00-247.00
Cashflow From Financing99.6%471236280-42.00-684.00
  Buy Backs-36.3%449705686725673

Risks for FLEX

What is the probability of a big loss on FLEX?

70.8%


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

49.2%


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

14.3%


10-Year Cumulative Returns

12.3%


7-Year Cumulative Returns

4%


5-Year Cumulative Returns

21.6%


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
2023-01-26
COMERICA BANK
reduced
-4.2
76,000
383,000
-%
2023-01-26
DUPONT CAPITAL MANAGEMENT CORP
added
103.55
290,008
469,008
0.02%
2023-01-26
BOENNING & SCATTERGOOD, INC.
unchanged
-
57,000
558,000
0.09%
2023-01-26
Vigilant Capital Management, LLC
unchanged
-
1,000
7,000
-%
2023-01-26
Regent Investment Management LLC
unchanged
-
102,000
456,000
0.12%
2023-01-26
NJ State Employees Deferred Compensation Plan
unchanged
-
96,200
429,200
0.07%
2023-01-26
Calamos Advisors LLC
new
-
568,690
568,690
-%
2023-01-25
STEPHENS INC /AR/
reduced
-18.07
14,000
275,000
0.01%
2023-01-25
GREENLEAF TRUST
added
11.54
77,000
256,000
-%
2023-01-25
DELTEC ASSET MANAGEMENT LLC
sold off
-100
-833,000
-
-%

1–10 of 49

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

Times of India

Union Budget 2023: 7 steps the budget can take to fuel growth of auto sector.

Times of India,
2 hours ago

Bryan-College Station Eagle

Sports Illustrated

The Complete Nutrisystem Review 2023.

Sports Illustrated,
21 hours ago

Investor's Business Daily

Yahoo Finance

FloWrestling

Schedule 13G FIlings of Flex

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 03, 2021
wellington management group llp
10.52%
52,710,291
SC 13G/A
Jul 09, 2020
wellington management group llp
10.39%
51,719,850
SC 13G
Jun 10, 2020
fmr llc
-
0
SC 13G/A

FLEX Fair Value

Flex fair value in different scenarios

The table shows the Fair Value estimates for Flex for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

17.27

-26.64%

22.04

-6.37%

24.51

4.12%

30.56

29.82%

45.95

95.20%

Current Inflation

16.30

-30.76%

20.61

-12.45%

22.85

-2.93%

27.40

16.40%

40.47

71.92%

Very High Inflation

15.05

-36.07%

18.79

-20.18%

20.77

-11.77%

23.65

0.47%

34.10

44.86%

Historical Flex Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Flex

View All Filings
Date Filed Form Type Document
Jan 25, 2023
8-K
Current Report
Jan 19, 2023
4
Insider Trading
Jan 19, 2023
4
Insider Trading
Dec 07, 2022
4
Insider Trading
Dec 07, 2022
8-K
Current Report
Dec 02, 2022
4
Insider Trading
Dec 01, 2022
8-K
Current Report
Dec 01, 2022
424B5
Prospectus Filed
Nov 30, 2022
FWP
Prospectus Filed
Nov 30, 2022
424B5
Prospectus Filed

Latest Insider Trading transactions for FLEX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-17
Tan Lay Koon
acquired
-
-
1,097
-
2023-01-17
HURLSTON MICHAEL E.
acquired
-
-
1,097
-
2022-12-05
Stevens Charles K. III
sold
-433,800
21.69
-20,000
-
2022-11-30
Hartung Michael P
sold
-264,718
21.3896
-12,376
group president
2022-11-11
Hartung Michael P
sold
-244,703
20.1104
-12,168
group president
2022-11-10
Hartung Michael P
sold
-1,760
20
-88
group president
2022-11-02
Hartung Michael P
sold
-74,997.6
20.0314
-3,744
group president
2022-10-31
Hartung Michael P
sold
-882,641
19.6588
-44,898
group president
2022-10-17
Tan Lay Koon
acquired
-
-
1,506
-
2022-10-17
HURLSTON MICHAEL E.
acquired
-
-
1,506
-

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

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Sep. 30, 2022
Oct. 01, 2021
Income Statement [Abstract]    
Net sales$ 7,766$ 6,229$ 15,113$ 12,571
Cost of sales7,1755,75513,98711,625
Restructuring charges0909
Gross profit5914651,126937
Selling, general and administrative expenses245213486414
Intangible amortization21154330
Operating income325237597493
Interest and other, net53(134)93(111)
Income before income taxes272371504604
Provision for income taxes34357162
Net income238336433542
Net income attributable to redeemable noncontrolling interest60120
Net income attributable to Flex Ltd.$ 232$ 336$ 421$ 542
Earnings Per Share [Abstract]    
Basic (in dollars per share)$ 0.51$ 0.70$ 0.92$ 1.11
Diluted (in dollars per share)$ 0.50$ 0.69$ 0.91$ 1.10
Weighted-average shares used in computing per share amounts:    
Basic (in shares)455482457487
Diluted (in shares)460487464493

FLEX Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Mar. 31, 2022
Current assets:  
Cash and cash equivalents$ 2,453$ 2,964
Accounts receivable, net of allowance of $8 and $56, respectively3,9563,371
Contract assets531519
Inventories7,7266,580
Other current assets964903
Total current assets15,63014,337
Property and equipment, net2,2012,125
Operating lease right-of-use assets, net596637
Goodwill1,3251,342
Other intangible assets, net328411
Other assets543473
Total assets20,62319,325
Current liabilities:  
Bank borrowings and current portion of long-term debt916949
Accounts payable6,8186,254
Accrued payroll479470
Deferred revenue and customer working capital advances2,7002,002
Other current liabilities1,2331,036
Total current liabilities12,14610,711
Long-term debt, net of current portion3,0813,248
Operating lease liabilities, non-current495551
Other liabilities631608
Total liabilities16,35315,118
Redeemable noncontrolling interest9078
Shareholders’ equity  
Ordinary shares, no par value; 1,500,000,000 authorized, 503,876,758 and 510,799,667 issued, and 453,637,403 and 460,560,312 outstanding, respectively5,8526,052
Treasury stock, at cost; 50,239,355 shares as of September 30, 2022 and March 31, 2022(388)(388)
Accumulated deficit(932)(1,353)
Accumulated other comprehensive loss(352)(182)
Total shareholders’ equity4,1804,129
Total liabilities, redeemable noncontrolling interest, and shareholders' equity$ 20,623$ 19,325