Flex Ltd
General ticker "FLEX" information:
- Sector: Information Technology
- Industry: Electronic Equipment, Instruments & Components
- Capitalization: $15.3B
Flex Ltd follows the US Stock Market performance with the rate: 70.6%.
Estimated limits based on current volatility of 2.0%: low 37.65$, high 39.20$
Factors to consider:
- China accounted for 21.5% of revenue in the fiscal year ended 2023-03-31
- US accounted for 16.5% of revenue in the fiscal year ended 2023-03-31
- Current price 13.1% above estimated high
- Earnings for 18 months up through Q2 (+1 year) are close to our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-03-31 to 2025-03-30
- 2023-03-31 to 2024-03-30 estimated range: [18.28$, 28.02$]
- 2024-03-30 to 2025-03-30 estimated range: [23.28$, 34.18$]
Financial Metrics affecting the FLEX estimates:
- Positive: Non-GAAP EPS, $ of 2.39 > 2.29
- Negative: Industry operating cash flow per share per price (median), % of 0.50 <= 3.85
- Negative: Industry inventory ratio change (median), % of 1.58 > 0.49
- Positive: 2.86 < Return on assets ratio (scaled to [-100,100]) of 4.61
- Positive: 1.03 < Operating profit margin, % of 3.90
- Negative: Interest expense per share, $ of 1.01 > 0.74
- Negative: Operating cash flow per share per price, % of 9.52 <= 12.76
- Negative: Industry earnings per price (median), % of 2.11 <= 4.38
Short-term FLEX quotes
Long-term FLEX plot with estimates
Financial data
| YTD | 2021-03-31 | 2022-03-31 | 2023-03-31 |
|---|---|---|---|
| Operating Revenue | $24,124.00MM | $26,041.00MM | $30,346.00MM |
| Operating Expenses | $23,329.00MM | $25,069.00MM | $29,162.00MM |
| Operating Income | $795.00MM | $972.00MM | $1,184.00MM |
| Non-Operating Income | $-81.00MM | $73.00MM | $-210.00MM |
| Interest Expense | $150.00MM | $152.00MM | $458.00MM |
| Income(Loss) | $714.00MM | $1,045.00MM | $974.00MM |
| Taxes | $101.00MM | $105.00MM | $-59.00MM |
| Profit(Loss) | $613.00MM | $940.00MM | $1,033.00MM |
| Stockholders Equity | $3,436.00MM | $4,129.00MM | $5,351.00MM |
| Inventory | $3,895.00MM | $6,580.00MM | $7,530.00MM |
| Assets | $15,836.00MM | $19,325.00MM | $21,395.00MM |
| Operating Cash Flow | $144.00MM | $1,024.00MM | $950.00MM |
| Capital expenditure | $351.00MM | $443.00MM | $635.00MM |
| Investing Cash Flow | $-202.00MM | $-951.00MM | $-604.00MM |
| Financing Cash Flow | $743.00MM | $280.00MM | $2.00MM |
| Earnings Per Share* | $1.23 | $1.97 | $1.75 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.