FLEX

Flex Ltd. [FLEX] Stock Forecast

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FLEX Stock Summary

Earnings have grown 7.95% per last year.

EPS has been increasing for the past 3 years (Yearly statements)

FLEX has more than 285 years of cash runway (3420 months)

Has a high level of debt. Debt-to-Equity ratio of 3.62 is considered high.

Earnings are expected to fall -30.71% next year

Profit margins (0.03%) are lower than the previous year (0.04%)

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In the News

01:23 25 Mar 2023 FLEX

7 Emerging Markets Stocks to Buy for Global Growth

Investors tend to seek growth when allocating capital, particularly when considering what bonds yield right now. Accordingly, many emerging markets stocks are seeing an uptick in investor interest, given the growth rates of these markets relative to the developed world.

02:31 25 Mar 2023 FLEX

3 Electronics Stocks to Watch From a Challenging Industry

Electronics stocks Carrier Global (CARR), Sigma Lithium (SGML) and Flex (FLEX) are likely to benefit from investments in infrastructure and expanded capacity despite the supply-chain and macroeconomic headwinds.

02:08 25 Mar 2023 FLEX

Hundreds more tech, biotech layoffs hit Bay Area, Google real estate ally cuts jobs

About 600 more tech and biotech layoffs rocked the Bay Area job market in a fresh round of cutbacks that suggest the staffing reductions in the region have yet to run their course, new state government filings show.

12:48 25 Mar 2023 FLEX

Why Is Flex (FLEX) Down 2.3% Since Last Earnings Report?

Flex (FLEX) reported earnings 30 days ago. What's next for the stock?

09:22 25 Mar 2023 FLEX

Flex: Flexing Its Muscles

Flex has seen a solid 2022. On top of solid operating momentum, Flex furthermore benefits from the IPO of its subsidiary Nextracker.

11:18 25 Mar 2023 FLEX

Here's Why Flex (FLEX) is a Strong Value Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

09:47 25 Mar 2023 FLEX

FLEX Q3 Earnings and Revenues Top Estimates, Increase Y/Y

FLEX third-quarter fiscal 2023 performance was boosted by strong demand across all business segments amid macroeconomic disruptions.

07:33 25 Mar 2023 FLEX

Flex (FLEX) Surpasses Q3 Earnings and Revenue Estimates

Flex (FLEX) delivered earnings and revenue surprises of 3.33% and 3.69%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

07:26 25 Mar 2023 FLEX

Flex Ltd. (FLEX) Q3 2023 Earnings Call Transcript

Flex Ltd. (NASDAQ:FLEX ) Q3 2023 Earnings Conference Call January 25, 2023 4:30 PM ET Company Participants David Rubin - Investor Relations Revathi Advaithi - Chief Executive Officer Paul Lundstrom - Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Shannon Cross - Credit Suisse Mark Delaney - Goldman Sachs Matt Sheerin - Stifel Ruplu Bhattacharya - Bank of America Paul Chung - J.P. Morgan Jim Suva - Citigroup Operator Good afternoon, and thank you for standing by.

04:24 25 Mar 2023 FLEX

Contract Manufacturer Flex Bends On Lowered Earnings Outlook

Electronics contract manufacturer Flex topped estimates for its fiscal third quarter. But its guidance disappointed.

FLEX Financial details

Company Rating

Strong Buy

Market Cap

9.35B

Income

818M

Revenue

29.72B

Book val./share

9.97

Cash/share

5.68

Dividend

Dividend %

Employees

172.65K

Optionable

Yes

Shortable

Yes

Earnings

02 May 2023

P/E

11.85

Forward P/E

PEG

2.44

P/S

0.33

P/B

2.15

P/C

3.7

P/FCF

32.81

Quick Ratio

0.6

Current Ratio

1.36

Debt / Equity

3.62

LT Debt / Equity

0.89

EPS (TTM)

1.8

EPS next Y

EPS next Q

0.28

EPS this Y

67.96%

EPS next Y

EPS next 5Y

-49.66%

EPS last 5Y

20.5%

Revenue last 5Y

0.47%

Revenue Q/Q

-0.13%

EPS Q/Q

-0.42%

SMA20

-10.8%

SMA50

-5.62%

SMA100

14.27%

Inst Own

95.4%

Inst Trans

ROA

ROE

19%

ROC

0.12%

Gross Margin

Oper. Margin

Profit Margin

Payout

Shs Outstand

451.08M

Shs Float

446.48M

Target Price

22.5

52W Range

13.63-25.12

52W High

-16.04%

52W Low

+61.46%

RSI

37.2

Rel Volume

0.47

Avg Volume

4.97M

Volume

2.35M

Perf Week

1.16%

Perf Month

-9.91%

Perf Quarter

25.99%

Perf Half Y

17.46%

Beta

1.4872

Volatility

0.27%, 1.22%

Prev Close

-2.19%

Price

20.99

Change

-2.51%

FLEX Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-03-31

Metric	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31
Revenue per share	47.49	50.51	46.99	47.62	56.54
Net income per share	0.8	0.18	0.17	1.21	2.03
Operating cash flow per share	1.41	-5.73	-2.98	0.28	2.22
Free cash flow per share	0.36	-7.12	-3.87	-0.41	1.26
Cash per share	2.75	3.27	3.73	5.21	6.44
Book value per share	5.64	5.73	5.5	6.78	8.97
Tangible book value per share	2.75	3.02	2.92	4.21	5.33
Share holders equity per share	5.64	5.73	5.5	6.78	8.97
Interest debt per share	5.72	6.17	6.82	8.87	10.64
Market cap	8.75B	5.37B	4.31B	9.28B	8.54B
Enterprise value	10.22B	6.72B	5.76B	10.98B	10.33B
P/E ratio	20.41	57.44	49.26	15.13	9.13
Price to sales ratio	0.34	0.2	0.18	0.38	0.33
POCF ratio	11.61	-1.81	-2.81	64.42	8.34
PFCF ratio	45.65	-1.45	-2.16	-44.81	14.7
P/B Ratio	2.9	1.81	1.52	2.7	2.07
PTB ratio	2.9	1.81	1.52	2.7	2.07
EV to sales	0.4	0.26	0.24	0.46	0.4
Enterprise value over EBITDA	8.52	6.15	5.47	7.67	6.16
EV to operating cash flow	13.56	-2.26	-3.76	76.28	10.09
EV to free cash flow	53.32	-1.82	-2.89	-53.06	17.78
Earnings yield	0.05	0.02	0.02	0.07	0.11
Free cash flow yield	0.02	-0.69	-0.46	-0.02	0.07
Debt to equity	3.54	3.54	3.84	3.61	3.66
Debt to assets	0.78	0.78	0.79	0.78	0.78
Net debt to EBITDA	1.22	1.24	1.37	1.19	1.06
Current ratio	1.26	1.2	1.26	1.45	1.34
Interest coverage	4.05	3.37	3.01	5.39	6.39
Income quality	1.76	-31.81	-17.51	0.23	1.09
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0	0	0
Sales general and administrative to revenue	0	0	0	0	0
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.11	0.1	0.1	0.08	0.09
Capex to operating cash flow	-0.75	0.24	0.3	-2.44	-0.43
Capex to revenue	-0.02	-0.03	-0.02	-0.01	-0.02
Capex to depreciation	-1.01	-0.95	-0.62	-0.62	-0.92
Stock based compensation to revenue	0	0	0	0	0
Graham number	10.07	4.82	4.58	13.59	20.25
ROIC	0.07	0.05	0.05	0.13	0.12
Return on tangible assets	0.04	0.01	0.01	0.04	0.05
Graham Net	-10.15	-9.34	-9.71	-9.15	-12.91
Working capital	1.9B	1.51B	1.88B	3.53B	3.63B
Tangible asset value	1.47B	1.57B	1.5B	2.13B	2.45B
Net current asset value	-1.53B	-1.42B	-1.77B	-1.04B	-781M
Invested capital	0.97	1.03	1.19	1.26	1.15
Average receivables	2.36B	2.67B	2.77B	3.48B	4.07B
Average payables	4.8B	5.13B	5.13B	5.18B	5.75B
Average inventory	3.6B	3.76B	3.75B	3.84B	5.24B
Days sales outstanding	36.12	39.4	40.98	64.17	54.52
Days payables outstanding	78.41	76.08	81.52	85.36	94.68
Days of inventory on hand	58.16	55.03	60.4	63.36	99.62
Receivables turnover	10.1	9.26	8.91	5.69	6.69
Payables turnover	4.66	4.8	4.48	4.28	3.85
Inventory turnover	6.28	6.63	6.04	5.76	3.66
ROE	0.14	0.03	0.03	0.18	0.23
Capex per share	-1.05	-1.4	-0.9	-0.69	-0.96

Quarterly Fundamentals Overview

Last date of statement is 2022-12-31 for Q3

Metric	2021-12-31	2022-03-31	2022-07-01	2022-09-30	2022-12-31
Revenue per share	14.19	14.88	16.06	17.12	17.17
Net income per share	0.49	0.36	0.41	0.51	0.51
Operating cash flow per share	0.32	0.78	0.08	0.23	0.79
Free cash flow per share	0.06	0.54	-0.15	-0.19	0.44
Cash per share	5.52	6.44	5.79	5.41	5.68
Book value per share	7.83	8.97	8.94	9.21	9.97
Tangible book value per share	4.03	5.33	5.39	5.77	6.49
Share holders equity per share	7.83	8.97	8.94	9.21	9.97
Interest debt per share	10.68	9.76	10.13	9.79	10.13
Market cap	8.55B	8.54B	6.52B	7.56B	9.69B
Enterprise value	10.97B	10.33B	8.47B	9.6B	11.64B
P/E ratio	9.42	12.79	8.62	8.14	10.54
Price to sales ratio	1.29	1.25	0.89	0.97	1.25
POCF ratio	57.02	23.73	171.58	73.37	27
PFCF ratio	316.78	34.17	-94.49	-87.88	48.46
P/B Ratio	2.34	2.07	1.59	1.81	2.15
PTB ratio	2.34	2.07	1.59	1.81	2.15
EV to sales	1.66	1.51	1.15	1.24	1.5
Enterprise value over EBITDA	30.81	158.88	21.71	28.56	26.58
EV to operating cash flow	73.13	28.69	222.84	93.17	32.43
EV to free cash flow	406.3	41.31	-122.72	-111.59	58.21
Earnings yield	0.03	0.02	0.03	0.03	0.02
Free cash flow yield	0	0.03	-0.01	-0.01	0.02
Debt to equity	3.97	3.66	3.88	3.91	3.62
Debt to assets	0.8	0.78	0.79	0.79	0.78
Net debt to EBITDA	6.79	27.45	4.99	6.07	4.45
Current ratio	1.37	1.34	1.31	1.29	1.36
Interest coverage	-31.38	-0.89	6.8	-6.13	5.44
Income quality	0.66	2.16	0.19	0.43	1.51
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0	0	0
Sales general and administrative to revenue	0	0	0	0	0
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.1	0.09	0.09	0.08	0.08
Capex to operating cash flow	-0.82	-0.31	-2.82	-1.83	-0.44
Capex to revenue	-0.02	-0.02	-0.01	-0.02	-0.02
Capex to depreciation	-1.02	-0.87	-0.86	-1.54	-1.28
Stock based compensation to revenue	0	0	0	0	0
Graham number	9.26	8.55	9.12	10.3	10.69
ROIC	0.03	0.03	0.03	0.03	0.03
Return on tangible assets	0.01	0.01	0.01	0.01	0.01
Graham Net	-12.98	-12.91	-13.97	-14.71	-14.32
Working capital	3.57B	3.63B	3.56B	3.48B	4.15B
Tangible asset value	1.88B	2.45B	2.47B	2.62B	2.93B
Net current asset value	-1.31B	-781M	-732M	-723M	-471M
Invested capital	1.37	1.15	1.12	1.07	1
Average receivables	3.89B	3.89B	4.09B	4.39B	4.47B
Average payables	5.92B	6.12B	6.47B	6.76B	6.72B
Average inventory	5.56B	6.27B	6.91B	7.48B	7.78B
Days sales outstanding	52.8	51.1	52.58	52	51.67
Days payables outstanding	88	88.68	88.44	85.52	83.19
Days of inventory on hand	87.5	93.3	95.69	96.91	98.34
Receivables turnover	1.7	1.76	1.71	1.73	1.74
Payables turnover	1.02	1.01	1.02	1.05	1.08
Inventory turnover	1.03	0.96	0.94	0.93	0.92
ROE	0.06	0.04	0.05	0.06	0.05
Capex per share	-0.26	-0.24	-0.23	-0.42	-0.35

FLEX Frequently Asked Questions

What is Flex Ltd. stock symbol ?

Flex Ltd. is a SG stock and trading under the symbol FLEX

Is Flex Ltd. buy or a sell ?

2 stock analysts have 2 predictions with a medium analyst target price of $22.5. The lowest prediction is $21 and the highest is $24

What is FLEX stock prediction ?

What is Flex Ltd. stock quote today ?

Flex Ltd. stock price is $20.99 today.

Is Flex Ltd. stock public?

Yes, Flex Ltd. is a publicly traded company.

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Company Profile

Volume Average 4.97M
Market Capitalization 9.35B
Employee 172.65K
CEO Ms. Revathi Advaithi
Headquarters Singapore,SG
IPO Date 1994-03-22
Website https://www.flex.com

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 three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. 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; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. 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.