Flex Ltd. (FLEX)
- Previous Close
28.08 - Open
27.95 - Bid 27.59 x 900
- Ask 27.65 x 1400
- Day's Range
27.40 - 28.64 - 52 Week Range
19.44 - 30.93 - Volume
3,564,848 - Avg. Volume
4,781,622 - Market Cap (intraday)
11.637B - Beta (5Y Monthly) 1.18
- PE Ratio (TTM)
16.45 - EPS (TTM)
1.68 - Earnings Date May 1, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
31.63
Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise automotive including next generation mobility, autonomous, connectivity, electrification, and smart technologies; health solutions, such as medical devices, medical equipment, and drug delivery; and industrial solutions including capital equipment, industrial devices, and renewables and grid edge. The Nextracker segment offers solar tracker and software solutions, which are used in utility-scale and ground-mounted distributed generation solar projects. In addition, it provides a broad array of services including design and engineering, component services, rapid prototyping, fulfillment, and circular economy solutions. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Singapore.
www.flex.com172,108
Full Time Employees
March 31
Fiscal Year Ends
Sector
Industry
Recent News: FLEX
Performance Overview: FLEX
Trailing total returns as of 4/18/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: FLEX
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Statistics: FLEX
Valuation Measures
Market Cap
11.63B
Enterprise Value
12.80B
Trailing P/E
--
Forward P/E
10.50
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
0.42
Price/Book (mrq)
1.95
Enterprise Value/Revenue
0.44
Enterprise Value/EBITDA
7.02
Financial Highlights
Profitability and Income Statement
Profit Margin
2.56%
Return on Assets (ttm)
4.25%
Return on Equity (ttm)
21.96%
Revenue (ttm)
29.39B
Net Income Avi to Common (ttm)
753M
Diluted EPS (ttm)
1.68
Balance Sheet and Cash Flow
Total Cash (mrq)
2.76B
Total Debt/Equity (mrq)
61.07%
Levered Free Cash Flow (ttm)
154.62M
Research Analysis: FLEX
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: FLEX
Analyst Report: Flex Ltd
Flex is the largest global provider of electronic manufacturing services (EMS) and related competencies. In addition to its core printed circuit board (PCB) assembly and systems assembly businesses, the company provides design, logistics, components, enclosures and PCB manufacturing. Flex has expanded its customer base from OEM companies in traditional electronics and technology to nontraditional niches, such as consumer, medical and instrumentation, aerospace-defense and automotive.
RatingBullishPrice TargetMarket Update: FLEX, JBLU, QCOM, RCL, ELV
U.S. stocks bounced back after Wednesday's decline. However, regional banks are down following New York Community Bancorp's dismal results. Initial jobless claims for the week ending January 27 were 224,000, up 9,000 from the previous week's revised level. Ongoing unemployment was 1,898,000, an increase of 70,000 from the previous weeks revised 1,833,000. The Dow rose 0.1%, the S&P 500 was up 0.3% and the Nasdaq gained 0.4%. Crude oil traded above $76 per barrel, while gold rose $7.50 to trade near $2075 per ounce.
Analyst Report: Flex Ltd
Flex is the largest global provider of electronic manufacturing services (EMS) and related competencies. In addition to its core printed circuit board (PCB) assembly and systems assembly businesses, the company provides design, logistics, components, enclosures and PCB manufacturing. Flex has expanded its customer base from OEM companies in traditional electronics and technology to nontraditional niches, such as consumer, medical and instrumentation, aerospace-defense and automotive.
RatingBullishPrice TargetMarket Update: AMZN, AVB, CMG, COF, ETD, FHI, FLEX, MMM, SKX, FBIN
Stocks were mixed on Friday morning following strong earnings from Amazon and generally positive inflation data. The Commerce Department said that its personal consumption expenditures price index, or PCE, rose 3.4% from the prior year in September, in line with the revised reading for August and the Bloomberg consensus forecast. Excluding food and energy prices, the core PCE, the Fed's preferred measure of inflation, rose 3.7%, down slightly from 3.8% in August and also in line with consensus. The Dow fell 0.4%, the S&P rose 0.2%, and the Nasdaq rose 1.1%. Crude oil rose to $84 per barrel, while gold fell $5 to $1992 per ounce.