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Earnings transcript
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FLEX
Flex Ltd.
$68.59
0.35
(0.51%)
| Exchange: | NASDAQ |
| Market Cap: | 25.364B |
| Shares Outstanding: | 43.333M |
About The Company
| Sector: | Technology | |||||
| Industry: | Hardware, Equipment & Parts | |||||
| CEO: | Revathi Advaithi | |||||
| Full Time Employees: | 148115 | |||||
| Address: |
| |||||
| Website: | https://www.flex.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 28,502,000 | 26,415,000 | 25,813,000 |
| Gross Profit | 1,976,000 | 1,865,000 | 2,159,000 |
| EBITDA | 1,538,000 | 1,410,000 | 1,780,000 |
| Operating Income | 1,017,000 | 853,000 | 1,169,000 |
| Net Income | 793,000 | 1,006,000 | 838,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 21,407,000 | 18,257,000 | 18,381,000 |
| Total Liabilities | 15,701,000 | 12,932,000 | 13,379,000 |
| Total Stockholders Equity | 5,351,000 | 5,325,000 | 5,002,000 |
| Total Debt | 4,198,000 | 3,751,000 | 4,148,000 |
| Cash and Cash Equivalents | 3,164,000 | 2,474,000 | 2,289,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 950,000 | 1,326,000 | 1,505,000 |
| Capital Expenditure | -635,000 | -530,000 | -438,000 |
| Free Cash Flow | 315,000 | 796,000 | 1,067,000 |
| Net Income | 1,033,000 | 1,245,000 | 838,000 |
| Net Change in Cash | 330,000 | -820,000 | -185,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 31,033,723.792 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 31,033,723.797 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 31,033,723.795 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,234,371.590 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,234,371.590 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,234,371.590 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,582,241.043 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,673,379.064 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,627,810.054 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,043,672.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,043,672.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,043,672.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 4.070 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 4.200 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.980 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates FLEX intrinsic value between $26.56 – $28.75 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about FLEX valuation
Is Flex Ltd. (FLEX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Flex Ltd. (FLEX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is FLEX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether FLEX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is FLEX’s P/E ratio?
You can see FLEX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for FLEX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is FLEX a good long-term investment?
Whether FLEX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
FLEX
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Daily snapshot
0.51
Trading Metrics:
| Open: | 65.91 | Previous Close: | 68.24 | |
| Day Low: | 65.57 | Day High: | 69.04 | |
| Year Low: | 25.11 | Year High: | 72.22 | |
| Price Avg 50: | 64.29 | Price Avg 200: | 59.11 | |
| Volume: | 2.217M | Average Volume: | 3.756M |
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