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Flex Ltd

Technology US FLEX

39.87USD
2.54(6.80%)

Last update at 2024-11-20T20:40:00Z

Day Range

39.4440.48
LowHigh

52 Week Range

16.8333.77
LowHigh

Fundamentals

  • Previous Close 37.33
  • Market Cap13511.20M
  • Volume11613282
  • P/E Ratio16.74
  • Dividend Yield-%
  • EBITDA1551.00M
  • Revenue TTM26415.00M
  • Revenue Per Share TTM60.72
  • Gross Profit TTM 1947.00M
  • Diluted EPS TTM2.01

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Income before tax 974.00M 1045.00M 714.00M 158.49M 182.13M
Minority interest -240.00000M -4.00000M - - -
Net income 793.00M 936.00M 613.00M 87.58M 93.40M
Selling general administrative 995.00M 892.00M 817.00M 834.11M 953.08M
Selling and marketing expenses - - - - -
Gross profit 2265.00M 1932.00M 1687.00M 1337.96M 1517.78M
Reconciled depreciation 501.00M 484.00M 569.00M 748.05M 764.95M
Ebit 1184.00M 972.00M 821.00M 348.19M 379.89M
Ebitda 1693.00M 1456.00M 1390.00M 1096.24M 1144.84M
Depreciation and amortization 509.00M 484.00M 569.00M 748.05M 764.95M
Non operating income net other -9.00000M 73.00M -81.00000M -255.27700M -293.86800M
Operating income 1184.00M 972.00M 821.00M 348.19M 490.30M
Other operating expenses 29158.00M 25069.00M 23316.00M 23770.12M 25815.21M
Interest expense 458.00M 152.00M 150.00M 163.73M 183.45M
Tax provision -59.00000M 105.00M 101.00M 70.91M 88.73M
Interest income - - 14.00M 19.38M 19.50M
Net interest income -201.00000M -152.00000M -148.00000M -126.59600M -126.16200M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -59.00000M 105.00M 101.00M 70.91M 88.73M
Total revenue 30346.00M 26041.00M 24124.00M 24209.87M 26305.51M
Total operating expenses 1077.00M 960.00M 879.00M 898.21M 1027.47M
Cost of revenue 28081.00M 24109.00M 22437.00M 22871.91M 24787.74M
Total other income expense net -210.00000M 73.00M -107.00000M -189.71000M -124.72200M
Discontinued operations - - - - -
Net income from continuing ops 1033.00M 940.00M 613.00M 87.58M 93.40M
Net income applicable to common shares 793.00M 936.00M 613.00M 87.58M 93.40M
Preferred stock and other adjustments - - - - -
Breakdown 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Type yearly yearly yearly yearly yearly
Date 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Total assets 18257.00M 21395.00M 19325.00M 15836.00M 13689.62M
Intangible assets 245.00M 316.00M 411.00M 213.00M 262.42M
Earning assets - - - - -
Other current assets 1031.00M 917.00M 903.00M 590.00M 660.09M
Total liab 12932.00M 15689.00M 15118.00M 12400.00M 10858.46M
Total stockholder equity 5325.00M 5351.00M 4129.00M 3436.00M 2831.15M
Deferred long term liab - - - - -
Other current liab 1320.00M 1632.00M 1506.00M 1846.00M 1590.06M
Common stock 5074.00M 6493.00M 6052.00M 6232.00M 6336.44M
Capital stock 5074.00M 6493.00M 6052.00M 6232.00M 6336.44M
Retained earnings 446.00M -560.00000M -1353.00000M -2289.00000M -2902.41000M
Other liab - - 608.00M 489.00M 412.30M
Good will 1135.00M 1343.00M 1342.00M 1090.00M 1064.55M
Other assets - - 473.00M 431.00M 327.21M
Cash 2474.00M 3294.00M 2964.00M 2637.00M 1922.69M
Cash and equivalents - - - - -
Total current liabilities 8539.00M 10855.00M 10711.00M 7834.00M 7211.09M
Current deferred revenue 2615.00M 3143.00M 2002.00M 473.00M 363.64M
Net debt 1413.00M 1053.00M 1784.00M 1708.00M 1444.52M
Short term debt 136.00M 150.00M 949.00M 268.00M 149.13M
Short long term debt - 150.00M 949.00M 268.00M 149.13M
Short long term debt total 3887.00M 4347.00M 4748.00M 4345.00M 3367.21M
Other stockholder equity -251.00000M -388.00000M -388.00000M -388.00000M -388.21500M
Property plant equipment - 2349.00M 2762.00M 2097.00M 2215.99M
Total current assets 12992.00M 16021.00M 14337.00M 11363.00M 9086.27M
Long term investments - - - - -
Net tangible assets - 3692.00M 2376.00M 2695.00M 2033.15M
Short term investments - - - - -
Net receivables 3282.00M 4280.00M 3890.00M 4241.00M 2718.43M
Long term debt 3261.00M 3691.00M 3248.00M 3515.00M 2689.11M
Inventory 6205.00M 7530.00M 6580.00M 3895.00M 3785.07M
Accounts payable 4468.00M 5930.00M 6254.00M 5247.00M 5108.25M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 355.00M - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -195.00000M -194.00000M -182.00000M -119.00000M -214.66700M
Additional paid in capital - - - - -
Common stock total equity - 6493.00M 6052.00M 6232.00M 6336.44M
Preferred stock total equity - - - - -
Retained earnings total equity - -560.00000M -1353.00000M -2289.00000M -2902.41000M
Treasury stock - - -388.00000M -388.00000M -388.21500M
Accumulated amortization - - - - -
Non currrent assets other 248.00M 758.00M 473.00M 431.00M 455.31M
Deferred long term asset charges - - - - -
Non current assets total 5265.00M 5374.00M 4988.00M 4473.00M 4603.35M
Capital lease obligations 490.00M 506.00M 551.00M 562.00M 528.97M
Long term debt total - 3691.00M - 3515.00M 2689.11M
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Investments -604.00000M -951.00000M -202.00000M 2279.03M 3252.90M
Change to liabilities 829.00M 2036.00M 427.00M -153.28600M -79.62400M
Total cashflows from investing activities -604.00000M -951.00000M -202.00000M 2279.03M 3252.90M
Net borrowings -306.00000M 475.00M 923.00M -246.11300M 139.63M
Total cash from financing activities 2.00M 280.00M 743.00M -508.46000M -29.70400M
Change to operating activities - -396.00000M -1039.00000M -158.07700M -155.23500M
Net income 1033.00M 936.00M 613.00M 87.58M 93.40M
Change in cash 330.00M 327.00M 714.00M 226.06M 224.20M
Begin period cash flow 2964.00M 2637.00M 1923.00M 1696.62M 1472.42M
End period cash flow 3294.00M 2964.00M 2637.00M 1922.69M 1696.62M
Total cash from operating activities 950.00M 1024.00M 144.00M -1533.27600M -2971.02400M
Issuance of capital stock 694.00M 488.00M - - 0.24M
Depreciation 501.00M 484.00M 569.00M 748.05M 764.95M
Other cashflows from investing activities 31.00M 20.00M 149.00M 2740.78M 3978.50M
Dividends paid -22.00000M - - - 3199.46M
Change to inventory -974.00000M -2655.00000M -96.00000M -66.46200M -360.15200M
Change to account receivables -388.00000M 624.00M -1656.00000M -2126.35500M -3628.12900M
Sale purchase of stock -337.00000M -686.00000M -183.00000M -259.91200M -188.97900M
Other cashflows from financing activities 691.00M 1250.00M 2068.00M 1067.14M 6418.32M
Change to netincome 92.00M 34.00M -35.00000M 56.36M 44.05M
Capital expenditures 635.00M 443.00M 351.00M 461.75M 725.61M
Change receivables -388.00000M 624.00M -1656.00000M -2126.35500M -3628.12900M
Cash flows other operating -143.00000M -435.00000M 322.00M -79.16600M 194.48M
Exchange rate changes - - - - -27.96800M
Cash and cash equivalents changes 348.00M 353.00M 685.00M 237.29M 224.20M
Change in working capital -584.00000M -396.00000M -1039.00000M -2368.90500M -3742.76100M
Stock based compensation 133.00M 91.00M 79.00M 71.55M 76.03M
Other non cash items 59.00M -47.00000M -66.00000M -78.02200M -148.79000M
Free cash flow 315.00M 581.00M -207.00000M -1995.02100M -3696.63000M

Peer Comparison

Sector: Technology Industry: Electronic Components

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FLEX
Flex Ltd
2.54 6.80% 39.87 16.74 10.80 0.41 2.00 0.45 7.20
APH
Amphenol Corporation
0.03 0.04% 71.01 32.09 29.76 4.67 7.41 4.87 20.51
HNHPF
Hon Hai Precision Industry Co Ltd ADR
-0.06 0.48% 12.48 10.86 8.47 0.0073 0.92 0.0057 0.11
TEL
TE Connectivity Ltd
0.56 0.38% 147.51 23.48 18.83 2.68 3.73 2.85 14.55
MRAAY
Murata Manufacturing Inc
-0.03 0.36% 8.22 22.29 13.99 0.02 2.07 0.02 0.08

Reports Covered

Stock Research & News

Profile

Flex Ltd. provides manufacturing solutions to various brands in Asia, the Americas, and Europe. It operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). 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, embedded and critical power offerings, and renewables and grid edge. In addition, it provides various services, including design and engineering, such as product design and engineering resources that provide design services, product development, systems integration services, and solutions; supply chain comprising manufacturing, customization, procurement, logistics services, and innovative supply chain solutions; manufacturing; logistics and value-added fulfillment, including warehousing and vendor managed inventory, omni-channel fulfillment, kitting, configuration, and postponement; and integrated reverse logistics and circular economy. Further, the company offers embedded and critical power 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 Austin, Texas.

Flex Ltd

2 Changi South Lane, Singapore, Singapore, 486123

Key Executives

Name Title Year Born
Ms. Revathi Advaithi CEO & Director 1968
Mr. Paul R. Lundstrom Chief Financial Officer 1975
Mr. Scott Offer Exec. VP & Gen. Counsel 1965
Mr. Michael P. Hartung Pres of Flex Agility Solutions 1968
Mr. Hooi Tan Kwang Pres of Global Operations & Supply Chain NA
Mr. Daniel Wendler Chief Accounting Officer 1967
Mr. Gus Shahin Chief Information Officer NA
Mr. David Rubin VP of Investor Relations NA
Silvia Gianelli Sr. Director of Corp. Communications NA
Mr. Xavier F. Boza Chief HR Officer 1965

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