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Flex Ltd. (FLEX)

Stock Price: $11.92 USD 0.54 (4.75%)
Updated Aug 5, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 5.93B
Revenue (ttm) 23.19B
Net Income (ttm) 87.58M
Shares Out 497.77M
EPS (ttm) 0.18
PE Ratio 66.22
Forward PE 10.35
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Aug 5, 2020
Last Price $11.92
Previous Close $11.38
Change ($) 0.54
Change (%) 4.75%
Day's Open 11.41
Day's Range 11.35 - 11.94
Day's Volume 5,914,992
52-Week Range 5.36 - 14.00

More Stats

Market Cap 5.93B
Enterprise Value 7.38B
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date n/a
Shares Outstanding 497.77M
Float 515.68M
EPS (basic) 0.17
EPS (diluted) 0.18
FCF / Share -3.71
Dividend n/a
Dividend Yield n/a
Earnings Yield 1.51%
FCF Yield n/a
Payout Ratio n/a
Shares Short 13.20M
Short Ratio 2.68
Short % of Float 3.22%
Beta 1.78
PE Ratio 66.22
Forward PE 10.35
P/FCF Ratio n/a
PS Ratio 0.26
PB Ratio 2.02
Revenue 23.19B
Operating Income 413.76M
Net Income 87.58M
Free Cash Flow -1.89B
Net Cash -1.44B
Net Cash / Share -2.90
Gross Margin 6.59%
Operating Margin 1.78%
Profit Margin 0.40%
FCF Margin -8.15%
ROA 2.47%
ROE 3.18%
ROIC 4.60%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (11)

Buy 7
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$14.62*
(22.65% upside)
Low
12.0
Current: $11.92
High
18.0
Target: 14.62
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue24,21026,21125,44123,86324,41926,14826,10923,56929,34328,443
Revenue Growth-7.63%3.02%6.61%-2.28%-6.61%0.15%10.77%-19.68%3.17%-
Gross Profit1,3381,5181,5961,5211,6081,5451,4401,1661,5181,583
Operating Income414476474492587669520320591715
Net Income87.5893.40429320444601366277489596
Shares Outstanding509527530541558580610663716777
Earnings Per Share0.170.180.800.590.791.020.590.410.670.75
EPS Growth-5.56%-77.5%35.59%-25.32%-22.55%72.88%43.9%-38.81%-10.67%-
Operating Cash Flow-1,533-2,971-3,866-3,8221,1367941,2161,115804857
Capital Expenditures-356-631-517-490-497-240-515-435-388-394
Free Cash Flow-1,889-3,602-4,384-4,312639554701680416463
Cash & Equivalents1,9231,6971,4721,8311,6081,6281,5941,5871,5181,748
Total Debt3,3673,0552,9412,9522,7752,0712,1032,0682,1892,220
Net Cash / Debt-1,445-1,358-1,468-1,121-1,167-443-509-481-670-472
Assets13,69013,49913,71612,59312,38511,65312,50010,59211,03411,633
Liabilities10,85810,52710,6979,9159,7799,25710,2988,3458,7509,338
Book Value2,8312,9723,0192,6452,5712,3612,1632,2472,2842,295
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Flex Ltd.
Country Singapore
Employees 160,000
CEO Revathi Advaithi

Stock Information

Ticker Symbol FLEX
Stock Exchange NASDAQ
Sector Technology
Industry Electronic Components
Unique Identifier NASDAQ: FLEX
IPO Date March 18, 1994

Description

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 High Reliability Solutions, Industrial and Emerging Industries, Communications & Enterprise Compute, and Consumer Technologies Group segments. The company provides a portfolio of technologies in electrical/electronics, electromechanical, and software; and cross-industry technologies, including human machine interface, audio and video, system in package, miniaturization, IoT platforms, and power management. It also designs and integrates advanced data center servers, storage and networking equipment, and data center appliances. 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; isolated DC/DC converters and non-isolated Point of Load converters for the information and communications technology market; and specialized power module solutions for other markets. Additionally, the company provides after-market and forward supply chain logistics services comprising supplier-managed inventory, inbound freight management, product postponement, build/configure to order, order fulfillment and distribution, asset tracking, and supply chain network design; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.