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Flex Ltd (FLEX)
NASDAQ:FLEX
Flex (FLEX) Stock Price & Analysis
690 Followers
FLEX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.44 - $30.93
Previous Close$27.42
Volume7.56M
Average Volume (3M)4.43M
Market Cap
$11.09B
Enterprise Value$13.20B
Total Cash (Recent Filing)$2.76B
Total Debt (Recent Filing)$3.94B
Price to Earnings (P/E)13.3
Beta1.17
Next Earnings
Jul 25, 2024EPS Estimate
$0.48Last Dividend Ex-Date
Jan 03, 2024Dividend YieldN/A
Share Statistics
EPS (TTM)2.06
Shares Outstanding421,163,217
10 Day Avg. Volume4,989,713
30 Day Avg. Volume4,434,031
Standard Deviation0.10
R-Squared0.36
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)2.55
Price to Sales (P/S)1.54
Price to Cash Flow (P/CF)9.80
P/FCF Ratio15.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.45
Enterprise Value/Gross Profit5.77
Enterprise Value/Ebitda13.75
Forecast
1Y Price Target
$31.40Price Target Upside12.54% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Flex News
PremiumCompany Announcements
Flex Ltd Announces Restructuring and Board Chair Transition
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst highlights the company's high-margin Cloud and Autos segments as instrumental in achieving strong profit targets in the coming years.
Growth ProspectsAuto and Cloud sectors are projected as key drivers for revenue growth, with their combined potential to significantly increase earnings.
Stock ValuationDespite its appealing datacenter and AI initiatives, the stock trades at a discount compared to its peers, presenting an attractive investment opportunity.
Bears Say
Business OutlookThe company remains cautious about growth in the Communications, Lifestyle, and Consumer businesses, with potential declines before a recovery.
Earnings GuidanceFlex reported weaker than expected 1QFY25 guidance.
Financial PerformanceThe company has missed consensus estimates for F1Q25 with lower than expected revenue and profit guidance, while volume headwinds and operational expenditure are concerns.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
FLEX FAQ
What was Flex Ltd’s price range in the past 12 months?
Flex Ltd lowest stock price was $14.44 and its highest was $30.93 in the past 12 months.
What is Flex Ltd’s market cap?
Currently, no data Available
When is Flex Ltd’s upcoming earnings report date?
Flex Ltd’s upcoming earnings report date is Jul 25, 2024 which is in 82 days.
How were Flex Ltd’s earnings last quarter?
Flex Ltd released its earnings results on May 01, 2024. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.554 by $0.016.
Is Flex Ltd overvalued?
According to Wall Street analysts Flex Ltd’s price is currently Undervalued.
Does Flex Ltd pay dividends?
Flex Ltd pays a Notavailable dividend of $8.26 which represents an annual dividend yield of N/A. See more information on Flex Ltd dividends here
What is Flex Ltd’s EPS estimate?
Flex Ltd’s EPS estimate is $0.48.
How many shares outstanding does Flex Ltd have?
Flex Ltd has 421,163,200 shares outstanding.
What happened to Flex Ltd’s price movement after its last earnings report?
Flex Ltd reported an EPS of $0.57 in its last earnings report, beating expectations of $0.554. Following the earnings report the stock price went down -8.063%.
Which hedge fund is a major shareholder of Flex Ltd?
Among the largest hedge funds holding Flex Ltd’s share is PRIMECAP Management Co. It holds Flex Ltd’s shares valued at 1B.
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Flex Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$31.40 (12.54% Upside)
$31.40 (12.54% Upside)
Blogger Sentiment
Bullish
FLEX Sentiment 71%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 4.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $6.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.4%
Last 30 Days ▲ 8.6%
Last 30 Days ▲ 8.6%
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Positive
20 days / 200 days
Momentum
85.52%
12-Months-Change
Fundamentals
Return on Equity
19.48%
Trailing 12-Months
Asset Growth
-36.77%
Trailing 12-Months
Company Description
Flex Ltd
Flex Ltd. engages in provision of real-time supply chain insight and logistics services to companies. It operates through the following segments: Communications and Enterprise Compute (CEC), Consumer Technologies Group (CTC), Industrial and Emerging Industries (IEI), High Reliability Solutions (HRS), and Corporate and Others. The Communications and Enterprise Compute segment includes telecom business of radio access base stations, remote radio heads, and small cells for wireless infrastructure; networking business; server and storage platforms for both enterprise and cloud-based deployments; next generation storage and security appliance products; and rack level solutions, converged infrastructure, and software-defined product solutions. The Consumer Technologies Group segment offers consumer-related businesses in Internet of Things enabled devices, audio, and consumer power electronics, mobile devices; and supply chain solutions for consumer, computing, and printing devices. The Industrial and Emerging Industries segment comprises of metering infrastructure, energy storage, smart lighting, smart solar energy; and industrial, including semiconductor and capital equipment, office solutions, household industrial, and lifestyle, industrial automation and kiosks. The High Reliability Solutions segment relates to health solutions business and automotive business. The company was founded in May 1990 and is headquartered in Singapore.
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FLEX Company Deck
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FLEX Earnings Call
Q4 2024
0:00 / 0:00
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FLEX Stock 12 Months Forecast
Average Price Target
$31.40
▲(12.54% Upside)
Technical Analysis
Best Analysts Covering FLEX
1 Year
1 Year Success Rate
15/19 ratings generated profit
1 Year Average Return
+22.92%
reiterated a buy rating 3 days ago
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