Company Valuation: Flex Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 9,140 8,609 10,379 12,049 12,673 22,027 - -
Change - -5.81% 20.57% 16.09% 5.18% 73.81% - -
Enterprise Value (EV) 1 10,286 9,842 10,926 12,836 14,076 23,496 23,133 22,707
Change - -4.32% 11.02% 17.48% 9.66% 66.92% -1.54% -1.85%
P/E ratio 15.1x 9.56x 13.4x 12.5x 15.7x 22.6x 18x 14.6x
PBR 2.62x 2.07x 1.94x 2.19x 2.5x 4.32x 3.82x 3.33x
PEG - 0.2x -1.2x 0.4x -2.11x 0.9x 0.7x 0.6x
Capitalization / Revenue 0.38x 0.33x 0.34x 0.46x 0.49x 0.8x 0.76x 0.71x
EV / Revenue 0.43x 0.38x 0.36x 0.49x 0.55x 0.86x 0.79x 0.74x
EV / EBITDA 6.88x 6.02x 5.87x 7.4x 7.05x 10.5x 9.5x 8.87x
EV / EBIT 9.98x 8.42x 7.58x 10.1x 9.65x 13.6x 12.1x 11.1x
EV / FCF -49.7x 16.9x 34.7x 16.1x 13.2x 23.1x 17.9x 16.7x
FCF Yield -2.01% 5.9% 2.88% 6.2% 7.58% 4.33% 5.59% 5.99%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.21 1.94 1.72 2.28 2.11 2.654 3.328 4.102
Distribution rate - - - - - - - -
Net sales 1 24,124 26,041 30,346 26,415 25,813 27,395 29,129 30,840
EBITDA 1 1,494 1,636 1,861 1,734 1,996 2,236 2,436 2,559
EBIT 1 1,031 1,169 1,442 1,267 1,459 1,732 1,908 2,040
Net income 1 613 936 793 1,006 838 1,037 1,265 1,439
Net Debt 1 1,146 1,233 547 787 1,403 1,469 1,106 679.2
Reference price 2 18.31 18.55 23.01 28.61 33.08 59.91 59.91 59.91
Nbr of stocks (in thousands) 499,172 464,086 451,081 421,163 383,103 367,674 - -
Announcement Date 5/5/21 5/4/22 5/10/23 5/1/24 5/7/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.57x0.86x10.51x-.--% 22.03B
35.14x11.89x22.75x0.83% 95.01B
32.1x4.78x18.89x-.--% 29.99B
33.99x5.12x15.38x1.36% 28.73B
21.78x1.68x8.62x1.43% 26.95B
44.19x5.53x29.85x1.55% 22.54B
31.78x1.58x12.98x1.92% 22.21B
38.51x5.94x23.63x0.67% 19.53B
27.77x2.77x11.29x2.19% 18.51B
40.6x2.11x19.22x0.21% 15.26B
Average 32.84x 4.23x 17.31x 1.02% 30.08B
Weighted average by Cap. 33.08x 6.13x 18.48x 0.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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