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- Market Cap.:
- $10.28 billion
- Book Value:
- Revenue TTM:
- $29.72 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $1.95 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Flex Ltd had its IPO on 1994-03-18 under the ticker symbol FLEX.
The company operates in the Technology sector and Electronic Components industry. Flex Ltd has a staff strength of 172,648 employees.
Shares of Flex Ltd opened at $22.39 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $22.17 - $22.53, and closed at $22.28.
This is a +0.63% increase from the previous day's closing price.
A total volume of 2,527,821 shares were traded at the close of the day’s session.
In the last one week, shares of Flex Ltd have increased by +4.6%.
Flex Ltd's Key Ratios
Flex Ltd has a market cap of $10.28 billion, indicating a price to book ratio of 2.486 and a price to sales ratio of 0.3534.
In the last 12-months Flex Ltd’s revenue was $29.72 billion with a gross profit of $1.95 billion and an EBITDA of $1.65 billion. The EBITDA ratio measures Flex Ltd's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Flex Ltd’s operating margin was 3.89% while its return on assets stood at 3.7% with a return of equity of 20.37%.
In Q4, Flex Ltd’s quarterly earnings growth was a positive 4.2% while revenue growth was a positive 17.2%.
Flex Ltd’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.79 per share while it has a forward price to earnings multiple of 9.0744 and a PEG multiple of 0.97. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Flex Ltd’s profitability.
Flex Ltd stock is trading at a EV to sales ratio of 0.4349 and a EV to EBITDA ratio of 6.9212. Its price to sales ratio in the trailing 12-months stood at 0.3534.
Flex Ltd stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $20.89 billion
- Total Liabilities
- $11.67 billion
- Operating Cash Flow
- Capital Expenditure
- $159 million
- Dividend Payout Ratio
Flex Ltd ended 2023 with $20.89 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $20.89 billion while shareholder equity stood at $4.51 billion.
Flex Ltd ended 2023 with $0 in deferred long-term liabilities, $11.67 billion in other current liabilities, 5839000000.00 in common stock, $-702000000.00 in retained earnings and $1.34 billion in goodwill. Its cash balance stood at $2.57 billion and cash and short-term investments were $2.57 billion. The company’s total short-term debt was $494,000,000 while long-term debt stood at $3.52 billion.
Flex Ltd’s total current assets stands at $15.82 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $4.45 billion compared to accounts payable of $6.63 billion and inventory worth $7.84 billion.
In 2023, Flex Ltd's operating cash flow was $0 while its capital expenditure stood at $159 million.
Comparatively, Flex Ltd paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Flex Ltd stock is currently trading at $22.28 per share. It touched a 52-week high of $25.12 and a 52-week low of $25.12. Analysts tracking the stock have a 12-month average target price of $24.38.
Its 50-day moving average was $22.97 and 200-day moving average was $19.6 The short ratio stood at 2.74 indicating a short percent outstanding of 0%.
Around 55.3% of the company’s stock are held by insiders while 10146.3% are held by institutions.
Frequently Asked Questions About Flex Ltd
Similar Industry Stocks (Electronic Components)
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.