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flex ltd. - FLEX

FLEX

Close Chg Chg %
39.83 0.70 1.76%

Closed Market

40.53

+0.70 (1.76%)

Volume: 8.88M

Last Updated:

Nov 21, 2024, 4:00 PM EDT

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Company Overview: flex ltd. - FLEX

FLEX Key Data

Open

$40.10

 Day Range

39.83 - 41.50

52 Week Range

18.62 - 41.50

 Market Cap

$15.45B

Shares Outstanding

387.78M

 Public Float

385.03M

Beta

1.08

 Rev. Per Employee

N/A

P/E Ratio

17.37

 EPS

$2.29

Yield

0.00%

 Dividend

$8.26

EX-DIVIDEND DATE

Jan 3, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

3.58M

  

FLEX Performance

1 Week
 
 8.95%
 
1 Month
 
 15.11%
 
3 Months
 
 23.08%
 
1 Year
 
 106.03%
 
5 Years
 
 361.22%
 

FLEX Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 12
Full Ratings ➔

About flex ltd. - FLEX

Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment consists of Communications, Enterprise and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure, Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices including mobile and high velocity consumer devices. The Flex Reliability Solutions segment consists of Automotive, including autonomous, connectivity, electrification, and smart technologies, Health Solutions, including medical devices, medical equipment and drug delivery, Industrial, including capital equipment, industrial devices, and Renewable, including NEXTracker business, grid edge, and power systems. The company was founded by Joe McKenzie and Barbara-Ann McKenzie in 1969 and is headquartered in Austin, TX.

FLEX At a Glance

Flex Ltd.
12455 Research Boulevard
Austin, Texas 78759
Phone N/A Revenue 26.42B
Industry Electronic Production Equipment Net Income 1.01B
Sector Electronic Technology Employees 148,115
Fiscal Year-end 03 / 2025
View SEC Filings

FLEX Valuation

P/E Current 17.369
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 12.371
Price to Sales Ratio 0.478
Price to Book Ratio 2.193
Price to Cash Flow Ratio 9.515
Enterprise Value to EBITDA 9.194
Enterprise Value to Sales 0.531
Total Debt to Enterprise Value 0.277

FLEX Efficiency

Revenue/Employee 178,341.154
Income Per Employee 6,792.02
Receivables Turnover 8.048
Total Asset Turnover 1.332

FLEX Liquidity

Current Ratio 1.521
Quick Ratio 0.795
Cash Ratio 0.29

FLEX Profitability

Gross Margin 7.382
Operating Margin 3.892
Pretax Margin 2.521
Net Margin 3.808
Return on Assets 3.193
Return on Equity 11.858
Return on Total Capital 6.871
Return on Invested Capital 6.798

FLEX Capital Structure

Total Debt to Total Equity 72.995
Total Debt to Total Capital 42.195
Total Debt to Total Assets 21.29
Long-Term Debt to Equity 70.441
Long-Term Debt to Total Capital 40.719
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Flex Ltd. - FLEX

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
24.12B 26.04B 30.35B 26.41B
Sales Growth
-0.35% +7.95% +16.53% -12.95%
Cost of Goods Sold (COGS) incl D&A
22.41B 24.13B 28.06B 24.46B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
484.00M 606.90M 627.00M 498.00M
Depreciation
422.00M 538.90M 545.00M 428.00M
Amortization of Intangibles
62.00M 68.00M 82.00M 70.00M
COGS Growth
-1.47% +7.68% +16.28% -12.81%
Gross Income
1.71B 1.91B 2.29B 1.95B
Gross Income Growth
+16.99% +11.44% +19.75% -14.70%
Gross Profit Margin
+7.10% +7.33% +7.53% +7.38%
2021 2022 2023 2024 5-year trend
SG&A Expense
817.00M 892.00M 995.00M 922.00M
Research & Development
- - - -
-
Other SG&A
817.00M 892.00M 995.00M 922.00M
SGA Growth
-2.05% +9.18% +11.55% -7.34%
Other Operating Expense
- - - -
-
Unusual Expense
148.50M (127.00M) 66.00M 221.00M
EBIT after Unusual Expense
747.50M 1.14B 1.22B 807.00M
Non Operating Income/Expense
200.00M 54.00M (64.00M) 20.00M
Non-Operating Interest Income
14.00M 14.00M 30.00M 56.00M
Equity in Earnings of Affiliates
- 61.00M (4.00M) 8.00M
Interest Expense
150.00M 153.00M 187.00M 161.00M
Interest Expense Growth
+2.76% +2.00% +22.22% -13.90%
Gross Interest Expense
150.00M 153.00M 187.00M 161.00M
Interest Capitalized
- - - -
-
Pretax Income
797.50M 984.00M 974.00M 666.00M
Pretax Income Growth
+403.20% +23.39% -1.02% -31.62%
Pretax Margin
+3.31% +3.78% +3.21% +2.52%
Income Tax
101.00M 105.00M (59.00M) (206.00M)
Income Tax - Current - Domestic
1.00M 3.00M 6.00M 3.00M
Income Tax - Current - Foreign
105.00M 146.00M 136.00M 161.00M
Income Tax - Deferred - Domestic
- 1.00M 1.00M (1.00M)
Income Tax - Deferred - Foreign
(6.00M) (44.00M) (202.00M) (369.00M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- 61.00M (4.00M) 8.00M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
613.00M 940.00M 1.03B 872.00M
Minority Interest Expense
- 4.00M 240.00M 239.00M
Net Income
613.00M 936.00M 793.00M 633.00M
Net Income Growth
+599.94% +52.69% -15.28% -20.18%
Net Margin Growth
+2.54% +3.59% +2.61% +2.40%
Extraordinaries & Discontinued Operations
- - - 373.00M
-
Discontinued Operations
- - - 373.00M
-
Net Income After Extraordinaries
613.00M 936.00M 793.00M 1.01B
Preferred Dividends
- - - -
-
Net Income Available to Common
613.00M 936.00M 793.00M 1.01B
EPS (Basic)
1.2285 1.9664 1.7467 2.3126
EPS (Basic) Growth
+613.83% +60.07% -11.17% +32.40%
Basic Shares Outstanding
499.00M 476.00M 454.00M 435.00M
EPS (Diluted)
1.2115 1.9379 1.7164 2.2812
EPS (Diluted) Growth
+608.89% +59.96% -11.43% +32.91%
Diluted Shares Outstanding
506.00M 483.00M 462.00M 441.00M
EBITDA
1.38B 1.62B 1.92B 1.53B
EBITDA Growth
+23.58% +17.67% +18.11% -20.44%
EBITDA Margin
+5.72% +6.24% +6.32% +5.78%

Snapshot

Average Recommendation BUY Average Target Price 41.75
Number of Ratings 12 Current Quarters Estimate 0.632
FY Report Date 12 / 2024 Current Year's Estimate 2.45
Last Quarter’s Earnings 0.64 Median PE on CY Estimate N/A
Year Ago Earnings 2.15 Next Fiscal Year Estimate 2.783
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 9 9 10 10
Mean Estimate 0.63 0.66 2.45 2.78
High Estimates 0.64 0.69 2.50 2.91
Low Estimate 0.62 0.64 2.42 2.70
Coefficient of Variance 1.05 2.06 0.98 2.43

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 8 9 8
OVERWEIGHT 3 3 3
HOLD 1 1 1
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Buy Buy

Insider Actions for Flex Ltd. - FLEX

Date Name Shares Transaction Value
Jul 17, 2024 Michael E. Hurlston Director 64,015 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 19, 2024 David Scott Offer EVP, General Counsel 171,344 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 5,363,067.20
Jun 19, 2024 Rebecca S. Sidelinger Group President 174,685 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 5,467,640.50
Jun 19, 2024 Daniel J. Wendler Chief Accounting Officer 32,510 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 1,017,563.00
Jun 19, 2024 Kwang Hooi Tan Group President 183,496 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 5,743,424.80
Jun 19, 2024 Kwang Hooi Tan Group President 192,511 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 6,025,594.30
Jun 19, 2024 Michael Hartung Group President 209,958 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 6,571,685.40
Jun 19, 2024 Paul R. Lundstrom Chief Financial Officer 346,943 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 10,859,315.90
Jun 19, 2024 Revathi Advaithi Chief Executive Officer; Director 2,057,473 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.3 per share 64,398,904.90
Jun 14, 2024 Revathi Advaithi Chief Executive Officer; Director 2,094,643 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Revathi Advaithi Chief Executive Officer; Director 1,930,427 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $32.13 per share 62,024,619.51
Jun 14, 2024 Paul R. Lundstrom Chief Financial Officer 316,130 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $32.13 per share 10,157,256.90
Jun 14, 2024 Paul R. Lundstrom Chief Financial Officer 354,838 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Michael Hartung Group President 188,844 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $32.13 per share 6,067,557.72
Jun 14, 2024 Michael Hartung Group President 216,995 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 David Scott Offer EVP, General Counsel 178,381 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Kwang Hooi Tan Group President 196,947 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 David Scott Offer EVP, General Counsel 150,230 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $32.13 per share 4,826,889.90
May 31, 2024 Michael D. Capellas Director 219,037 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $33.64 per share 7,368,404.68
Dec 14, 2023 Maryrose T. Sylvester Director 12,429 Other acquisition or disposition 0.00

Flex Ltd. in the News