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Flex Ltd (FLEX)
NASDAQ:FLEX
Flex (FLEX) Stock Price & Analysis
700 Followers
FLEX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$16.83 - $30.93
Previous Close$29.3
Volume329.19K
Average Volume (3M)4.10M
Market Cap
$12.52B
Enterprise Value$13.99B
Total Cash (Recent Filing)$2.76B
Total Debt (Recent Filing)$3.94B
Price to Earnings (P/E)12.7
Beta1.16
Next Earnings
Jul 25, 2024EPS Estimate
$0.41Last Dividend Ex-Date
Jan 03, 2024Dividend YieldN/A
Share Statistics
EPS (TTM)2.30
Shares Outstanding421,163,217
10 Day Avg. Volume3,696,722
30 Day Avg. Volume4,098,724
Standard Deviation0.10
R-Squared0.36
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)2.84
Price to Sales (P/S)1.65
Price to Cash Flow (P/CF)10.90
P/FCF Ratio17.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.48
Enterprise Value/Gross Profit6.12
Enterprise Value/Ebitda14.58
Forecast
1Y Price Target
$32.67Price Target Upside9.89% 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 StrategyAnalyst maintains a Buy rating on Flex, citing the company's below market price-to-earnings multiple and meaningful exposure to high-margin datacenter and AI markets as compelling reasons for the stock's potential upside.
Growth DriversFlex's power and compute businesses tied to the datacenter and automotive markets are anticipated to drive significant margin expansion and earnings per share growth.
Strategic PositioningWith its strong presence in non-traditional markets like datacenter, automotive, medical, and industrial, Flex is strategically positioned to experience robust earnings per share growth.
Bears Say
Earnings GuidanceFlex issued 1QFY25 guidance well below the Street expectations.
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.
Market WeaknessFlex continues to see weakness in markets such as consumer devices, communications, and industrial.
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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 $16.83 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 66 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 $0.41.
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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$32.67 (9.89% Upside)
$32.67 (9.89% Upside)
Blogger Sentiment
Bullish
FLEX Sentiment 71%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 7.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $14.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
68.26%
12-Months-Change
Fundamentals
Return on Equity
18.85%
Trailing 12-Months
Asset Growth
-14.67%
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 Month Forecast
Average Price Target
$32.67
▲(9.89% Upside)
Technical Analysis
Best Analysts Covering FLEX
1 Year
1 Year Success Rate
12/14 ratings generated profit
1 Year Average Return
+33.89%
reiterated a buy rating 20 days ago
Copying Mark Delaney's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +33.89% per trade.
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