Financials Flex Ltd.

Equities

FLEX

SG9999000020

Electronic Equipment & Parts

Real-time Estimate Cboe BZX Other stock markets 11:24:06 2024-12-11 am EST			5-day change	1st Jan Change
37.77 ^USD	-0.42%		-4.48%	+23.83%

Dec. 04	Flex Ltd. Presents at UBS Global Technology and AI Conference, Dec-04-2024 08:15 AM
Nov. 25	Flex Ltd.(NasdaqGS:FLEX) added to S&P 1000	CI

Projected Income Statement: Flex Ltd.

income-statement-evolution-chart FLEX-LTD

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	24,210	24,124	26,041	30,346	26,415	25,242	26,634	27,879
Change	-	-0.35%	7.95%	16.53%	-12.95%	-4.44%	5.52%	4.67%
EBITDA ¹	1,323	1,494	1,636	1,861	1,734	1,839	1,998	2,153
Change	-	12.91%	9.5%	13.75%	-6.82%	6.06%	8.66%	7.76%
EBIT ¹	898	1,031	1,169	1,442	1,267	1,376	1,506	1,586
Change	-	14.81%	13.39%	23.35%	-12.14%	8.63%	9.39%	5.33%
Interest Paid ¹	-163.7	-81	-94	-201	-200	-172	-195.8	-188
Earnings before Tax (EBT) ¹	158.5	-	-	-	666	664.8	1,198	1,181
Change	-	-100%	-	-	-	-0.19%	80.17%	-1.37%
Net income ¹	87.58	613	936	793	1,006	850.6	997.2	1,163
Change	-	599.94%	52.69%	-15.28%	26.86%	-15.45%	17.24%	16.65%
Announcement Date	5/7/20	5/5/21	5/4/22	5/10/23	5/1/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	6,461	5,484	5,153	5,985	6,720	6,266	6,342	6,229	6,619	6,851	7,347	7,766	7,756	7,477	7,336	7,471	7,103	6,169	6,314	6,545	6,205	6,163	6,439	6,739	6,957	6,906
Change	-	-15.12%	-6.04%	16.14%	12.28%	-6.76%	1.21%	-1.78%	6.26%	3.51%	7.24%	5.7%	-0.13%	-3.6%	-1.89%	1.84%	-4.93%	-13.15%	2.35%	3.66%	-5.2%	-0.67%	4.49%	4.65%	3.24%	-0.73%
EBITDA ¹	409	302.4	303.9	420.8	491	427	403	404	413	416	454	498	496	474	490	566	607	483	416	489	470.6	477.4	485.6	513.1	503	501
Change	-	-26.05%	0.48%	38.46%	16.69%	-13.03%	-5.62%	0.25%	2.23%	0.73%	9.13%	9.69%	-0.4%	-4.44%	3.38%	15.51%	7.24%	-20.43%	-13.87%	17.55%	-3.76%	1.45%	1.71%	5.65%	-1.96%	-0.4%
EBIT ¹	256	207	162.9	247	311	310	290	286	298	295	330	375	372	364	377	439	477	333	306	358	352.4	359.8	361.1	398.6	412.7	393.5
Change	-	-19.16%	-21.31%	51.65%	25.91%	-0.32%	-6.45%	-1.38%	4.2%	-1.01%	11.86%	13.64%	-0.8%	-2.15%	3.57%	16.45%	8.66%	-30.19%	-8.11%	16.99%	-1.57%	2.11%	0.35%	10.37%	3.55%	-4.65%
Charge d'intérêts ¹	-36.21	-28.08	-30.26	-22	-7	-23	-22	-18	-26	-23	-40	-53	-59	-51	-41	-43	-36	-88	-40	-37	-48.75	-46.75	-50	-50	-50	-49.5
Earnings before Tax (EBT) ¹	-	44.68	67.38	153	233	-	-	-	-	-	-	-	-	-	-	325	307	-	-	264	300.6	306.5	-	-	-	-
Change	-	-	50.81%	127.06%	52.29%	-100%	-	-	-	-	-	-	-	-	-	-	-5.54%	-100%	-	-	13.88%	1.95%	-100%	-	-	-
Net income ¹	-	48.26	51.82	113	208	-	-	336	227	168	189	232	230	142	186	228	197	395	139	214	213.6	219.5	196.9	222.7	242.2	226.8
Change	-	-	7.38%	118.06%	84.07%	-100%	-	-	-32.44%	-25.99%	12.5%	22.75%	-0.86%	-38.26%	30.99%	22.58%	-13.6%	100.51%	-64.81%	53.96%	-0.21%	2.79%	-10.3%	13.1%	8.76%	-6.36%
Announcement Date	1/30/20	5/7/20	7/30/20	10/29/20	1/28/21	5/5/21	7/29/21	10/27/21	1/26/22	5/4/22	7/27/22	10/26/22	1/25/23	5/10/23	7/26/23	10/25/23	1/31/24	5/1/24	7/24/24	10/30/24	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Flex Ltd.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	916	1,146	1,233	547	787	1,372	1,280	1,532
Change	-	25.11%	7.59%	-55.64%	43.88%	74.33%	-6.71%	19.69%
Announcement Date	5/7/20	5/5/21	5/4/22	5/10/23	5/1/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Flex Ltd.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	461.7	351	443	635	530	467.1	525.3	547.8
Change	-	-23.98%	26.21%	43.34%	-16.54%	-11.86%	12.46%	4.28%
Free Cash Flow (FCF) ¹	-1,995	-207	581	315	796	830.3	825.6	944.4
Change	-	-89.62%	-380.68%	-45.78%	152.7%	4.3%	-0.56%	14.39%
Announcement Date	5/7/20	5/5/21	5/4/22	5/10/23	5/1/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Flex Ltd.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	5.47%	6.19%	6.28%	6.13%	6.56%	7.29%	7.5%	7.72%
EBIT Margin (%)	3.71%	4.27%	4.49%	4.75%	4.8%	5.45%	5.65%	5.69%
EBT Margin (%)	0.65%	-	-	-	2.52%	2.63%	4.5%	4.24%
Net margin (%)	0.36%	2.54%	3.59%	2.61%	3.81%	3.37%	3.74%	4.17%
FCF margin (%)	-8.24%	-0.86%	2.23%	1.04%	3.01%	3.29%	3.1%	3.39%
FCF / Net Income (%)	-2,277.97%	-33.77%	62.07%	39.72%	79.13%	97.61%	82.79%	81.19%
Profitability
ROA	4.65%	5.38%	5.32%	5.16%	4.78%	5.78%	6.08%	6.43%
ROE	21.77%	25.37%	24.75%	22.12%	17.74%	18.59%	19.52%	19.41%
Financial Health
Leverage (Debt/EBITDA)	0.69x	0.77x	0.75x	0.29x	0.45x	0.75x	0.64x	0.71x
Debt / Free cash flow	-0.46x	-5.54x	2.12x	1.74x	0.99x	1.65x	1.55x	1.62x
Capital Intensity
CAPEX / Current Assets (%)	1.91%	1.45%	1.7%	2.09%	2.01%	1.85%	1.97%	1.97%
CAPEX / EBITDA (%)	34.9%	23.49%	27.08%	34.12%	30.57%	25.4%	26.29%	25.44%
CAPEX / FCF (%)	-23.14%	-169.57%	76.25%	201.59%	66.58%	56.26%	63.63%	58.01%
Items per share
Cash flow per share ¹	-2.992	0.2846	2.12	2.056	3.007	3.082	2.196	-
Change	-	-109.51%	644.99%	-3.01%	46.22%	2.49%	-28.72%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	5.565	6.98	8.965	11.89	13.05	11.96	13.3	15.48
Change	-	25.43%	28.44%	32.6%	9.76%	-8.34%	11.2%	16.4%
EPS ¹	0.17	1.21	1.94	1.72	2.28	2.073	2.523	3.271
Change	-	611.76%	60.33%	-11.34%	32.56%	-9.08%	21.7%	29.69%
Nbr of stocks (in thousands)	503,992	499,172	464,086	451,081	421,163	387,783	387,783	387,783
Announcement Date	5/7/20	5/5/21	5/4/22	5/10/23	5/1/24	-	-	-