FLEX LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.97 USD | +0.94% |
|
+7.02% | -4.89% |
| Apr. 11 | JPMorgan Raises Price Target on Flex to $34 From $32, Keeps Overweight Rating | MT |
| Apr. 04 | Nextracker Inc. : Relying on solar energy |  |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,214 | 4,221 | 9,140 | 8,609 | 10,379 | 12,201 | - | - |
| Enterprise Value (EV) 1 | 6,572 | 5,136 | 10,286 | 9,842 | 10,926 | 13,008 | 13,387 | 13,145 |
| P/E ratio | 55.6 x | 49.3 x | 15.1 x | 9.56 x | 13.4 x | 14.7 x | 13.6 x | 10.5 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.2 x | 0.17 x | 0.38 x | 0.33 x | 0.34 x | 0.44 x | 0.46 x | 0.44 x |
| EV / Revenue | 0.25 x | 0.21 x | 0.43 x | 0.38 x | 0.36 x | 0.46 x | 0.51 x | 0.47 x |
| EV / EBITDA | 4.21 x | 3.88 x | 6.88 x | 6.02 x | 5.87 x | 6.28 x | 7.43 x | 7.28 x |
| EV / FCF | -1.78 x | -2.57 x | -49.7 x | 16.9 x | 34.7 x | 21 x | 20.7 x | 16.2 x |
| FCF Yield | -56.2% | -38.8% | -2.01% | 5.9% | 2.88% | 4.77% | 4.84% | 6.16% |
| Price to Book | 1.78 x | 1.51 x | 2.62 x | 2.07 x | 1.94 x | 2.06 x | 1.91 x | 1.6 x |
| Nbr of stocks (in thousands) | 521,418 | 503,992 | 499,172 | 464,086 | 451,081 | 421,163 | - | - |
| Reference price 2 | 10.00 | 8.375 | 18.31 | 18.55 | 23.01 | 28.97 | 28.97 | 28.97 |
| Announcement Date | 4/30/19 | 5/7/20 | 5/5/21 | 5/4/22 | 5/10/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,306 | 24,210 | 24,124 | 26,041 | 30,346 | 28,008 | 26,445 | 27,829 |
| EBITDA 1 | 1,562 | 1,323 | 1,494 | 1,636 | 1,861 | 2,070 | 1,801 | 1,806 |
| EBIT 1 | 871.8 | 898 | 1,031 | 1,169 | 1,442 | 1,623 | 1,379 | 1,489 |
| Operating Margin | 3.31% | 3.71% | 4.27% | 4.49% | 4.75% | 5.79% | 5.21% | 5.35% |
| Earnings before Tax (EBT) 1 | - | 158.5 | - | - | - | - | - | - |
| Net income 1 | 93.4 | 87.58 | 613 | 936 | 793 | 795.8 | 890.5 | 1,078 |
| Net margin | 0.36% | 0.36% | 2.54% | 3.59% | 2.61% | 2.84% | 3.37% | 3.87% |
| EPS 2 | 0.1800 | 0.1700 | 1.210 | 1.940 | 1.720 | 1.966 | 2.134 | 2.755 |
| Free Cash Flow 1 | -3,697 | -1,995 | -207 | 581 | 315 | 620.5 | 647.5 | 810 |
| FCF margin | -14.05% | -8.24% | -0.86% | 2.23% | 1.04% | 2.22% | 2.45% | 2.91% |
| FCF Conversion (EBITDA) | - | - | - | 35.51% | 16.93% | 29.98% | 35.96% | 44.85% |
| FCF Conversion (Net income) | - | - | - | 62.07% | 39.72% | 77.97% | 72.71% | 75.11% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 4/30/19 | 5/7/20 | 5/5/21 | 5/4/22 | 5/10/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,229 | 6,619 | 6,851 | 7,347 | 7,766 | 7,756 | 7,477 | 7,336 | 7,471 | 7,103 | 6,098 | 6,276 | 6,531 | 6,803 | 6,739 |
| EBITDA 1 | 404 | 413 | 416 | 454 | 498 | 496 | 474 | 490 | 566 | 607 | 438 | 454 | 470.8 | 464.4 | 450 |
| EBIT 1 | 286 | 298 | 295 | 330 | 375 | 372 | 364 | 377 | 439 | 477 | 329.8 | 323 | 342.8 | 357.2 | 363.9 |
| Operating Margin | 4.59% | 4.5% | 4.31% | 4.49% | 4.83% | 4.8% | 4.87% | 5.14% | 5.88% | 6.72% | 5.41% | 5.15% | 5.25% | 5.25% | 5.4% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | 325 | 307 | - | - | - | - | - |
| Net income 1 | 336 | 227 | 168 | 189 | 232 | 230 | 142 | 186 | 228 | 197 | 184.8 | 182.3 | 208.8 | 209.8 | 215.3 |
| Net margin | 5.39% | 3.43% | 2.45% | 2.57% | 2.99% | 2.97% | 1.9% | 2.54% | 3.05% | 2.77% | 3.03% | 2.9% | 3.2% | 3.08% | 3.19% |
| EPS 2 | 0.6900 | 0.4800 | 0.3600 | 0.4000 | 0.5000 | 0.5000 | 0.3100 | 0.4100 | 0.5100 | 0.4500 | 0.4721 | 0.4350 | 0.4850 | 0.5150 | 0.5200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 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 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,358 | 916 | 1,146 | 1,233 | 547 | 807 | 1,186 | 944 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8692 x | 0.692 x | 0.7671 x | 0.7537 x | 0.2939 x | 0.3899 x | 0.6588 x | 0.5227 x |
| Free Cash Flow 1 | -3,697 | -1,995 | -207 | 581 | 315 | 621 | 648 | 810 |
| ROE (net income / shareholders' equity) | 20.1% | 21.8% | 25.4% | 24.7% | 22.1% | 18.7% | 15.8% | 17.2% |
| ROA (Net income/ Total Assets) | 4.43% | 4.65% | 5.39% | 5.32% | 5.16% | - | 4.91% | 5.43% |
| Assets 1 | 2,107 | 1,885 | 11,383 | 17,581 | 15,383 | - | 18,143 | 19,866 |
| Book Value Per Share 2 | 5.610 | 5.560 | 6.980 | 8.970 | 11.90 | 14.00 | 15.20 | 18.10 |
| Cash Flow per Share 2 | -5.600 | -2.990 | 0.2800 | 2.120 | 2.060 | 2.610 | 2.390 | - |
| Capex 1 | 631 | 462 | 351 | 443 | 635 | 614 | 534 | 552 |
| Capex / Sales | 2.4% | 1.91% | 1.45% | 1.7% | 2.09% | 2.19% | 2.02% | 1.98% |
| Announcement Date | 4/30/19 | 5/7/20 | 5/5/21 | 5/4/22 | 5/10/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
28.97
USD
Average target price
31.63
USD
Spread / Average Target
+9.19%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.89% | 12.2B | |
| +12.06% | 107B | |
| -0.62% | 29.43B | |
| +12.05% | 22.21B | |
| -16.05% | 17.75B | |
| -6.34% | 17.25B | |
| +8.74% | 15.28B | |
| -2.85% | 10.42B | |
| -8.86% | 9.04B | |
| -4.57% | 7.87B |
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- Financials Flex Ltd.
