Flex Ltd

Chart & Performance

D1W1MN

P/E

12.97

P/S

0.49

EPS

2.63

Div Yield, %

—

Shrs. gr., 5y

-3.61%

Rev. gr., 5y

0.08%

Revenues

26.42b

-12.95%

Net income

1.01b

+26.86%

CFO

1.33b

+39.58%

Profile

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.

URL

https://flex.com/

IPO date

Mar 22, 1994

Employees

172,108

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑03	2023‑03	2022‑03	2021‑03	2020‑03	2019‑03	2018‑03	2017‑03	2016‑03
Income
Revenues	26,415,000 -12.95%	30,346,000 16.53%
Cost of revenue	24,465,000	28,081,000
Unusual Expense (Income)
NOPBT	1,950,000	2,265,000
NOPBT Margin	7.38%	7.46%
Operating Taxes	(206,000)	(59,000)
Tax Rate
NOPAT	2,156,000	2,324,000
Net income	1,006,000 26.86%	793,000 -15.28%
Dividends		(22,000)
Dividend yield		0.21%
Proceeds from repurchase of equity	(1,298,000)	357,000
BB yield	10.29%	-3.36%
Debt
Debt current		150,000
Long-term debt	4,241,000	4,540,000
Deferred revenue
Other long-term liabilities	642,000	800,000
Net debt	1,644,000	1,281,000
Cash flow
Cash from operating activities	1,326,000	950,000
CAPEX	(530,000)	(635,000)
Cash from investing activities	(492,000)	(604,000)
Cash from financing activities	(1,656,000)	2,000
FCF	2,370,000	1,634,000
Balance
Cash	2,474,000	3,294,000
Long term investments	123,000	115,000
Excess cash	1,276,250	1,891,700
Stockholders' equity	5,325,000	6,094,000
Invested Capital	8,441,750	8,598,300
ROIC	25.31%	28.40%
ROCE	20.07%	21.59%
EV
Common stock shares outstanding	441,000	462,000
Price	28.61 24.34%	23.01 24.04%
Market cap	12,617,010 18.69%	10,630,620 18.65%
EV	14,261,010	12,266,620
EBITDA	2,487,000	2,766,000
EV/EBITDA	5.73	4.43
Interest	207,000	458,000
Interest/NOPBT	10.62%	20.22%