Flex Ltd. (FLEX)
Flex Statistics
Share Statistics
Flex has 383.1M shares outstanding. The number of shares has increased by -3.94% in one year.
| Shares Outstanding | 383.1M |
| Shares Change (YoY) | -3.94% |
| Shares Change (QoQ) | -1.21% |
| Owned by Institutions (%) | 99.99% |
| Shares Floating | 380.1M |
| Failed to Deliver (FTD) Shares | 5.54K |
| FTD / Avg. Volume | 0.14% |
Short Selling Information
The latest short interest is 11.14M, so 2.91% of the outstanding shares have been sold short.
| Short Interest | 11.14M |
| Short % of Shares Out | 2.91% |
| Short % of Float | 4.41% |
| Short Ratio (days to cover) | 3.67 |
Valuation Ratios
The PE ratio is 11.54 and the forward PE ratio is 10.85. Flex's PEG ratio is 0.28.
| PE Ratio | 11.54 |
| Forward PE | 10.85 |
| PS Ratio | 0.44 |
| Forward PS | 0.5 |
| PB Ratio | 2.18 |
| P/FCF Ratio | 14.58 |
| PEG Ratio | 0.28 |
Enterprise Valuation
Flex has an Enterprise Value (EV) of 12.88B.
| EV / Sales | 0.49 |
| EV / EBITDA | 9.72 |
| EV / EBIT | 9.72 |
| EV / FCF | 16.19 |
Financial Position
The company has a current ratio of 1.52, with a Debt / Equity ratio of 0.7.
| Current Ratio | 1.52 |
| Quick Ratio | 0.79 |
| Debt / Equity | 0.7 |
| Debt / EBITDA | 2.83 |
| Debt / FCF | 4.71 |
| Interest Coverage | 4.97 |
Financial Efficiency
Return on Equity is 18.89% and Return on Invested Capital is 13.85%.
| Return on Equity | 18.89% |
| Return on Assets | 5.51% |
| Return on Invested Capital | 13.85% |
| Revenue Per Employee | $178.34K |
| Profits Per Employee | $6.79K |
| Employee Count | 148,115 |
| Asset Turnover | 1.45 |
| Inventory Turnover | 3.94 |
Taxes
| Income Tax | -206M |
| Effective Tax Rate | -30.93% |
Stock Price Statistics
The stock price has increased by 15.51% in the last 52 weeks. The beta is 0.98, so Flex's price volatility has been higher than the market average.
| Beta | 0.98 |
| 52-Week Price Change | 15.51% |
| 50-Day Moving Average | 35.08 |
| 200-Day Moving Average | 35.29 |
| Relative Strength Index (RSI) | 51.86 |
| Average Volume (20 Days) | 4.06M |
Income Statement
In the last 12 months, Flex had revenue of 26.41B and earned 1.01B in profits. Earnings per share was 2.47.
| Revenue | 26.41B |
| Gross Profit | 1.95B |
| Operating Income | 1.03B |
| Net Income | 1.01B |
| EBITDA | 1.32B |
| EBIT | 827M |
| Earnings Per Share (EPS) | 2.47 |
Balance Sheet
The company has 2.47B in cash and 3.75B in debt, giving a net cash position of -1.28B.
| Cash & Cash Equivalents | 2.47B |
| Total Debt | 3.75B |
| Net Cash | -1.28B |
| Retained Earnings | 446M |
| Total Assets | 18.27B |
| Working Capital | 3.72B |
Cash Flow
In the last 12 months, operating cash flow was 1.33B and capital expenditures -530M, giving a free cash flow of 796M.
| Operating Cash Flow | 1.33B |
| Capital Expenditures | -530M |
| Free Cash Flow | 796M |
| FCF Per Share | 1.95 |
Margins
Gross margin is 7.38%, with operating and profit margins of 3.89% and 3.81%.
| Gross Margin | 7.38% |
| Operating Margin | 3.89% |
| Pretax Margin | 2.52% |
| Profit Margin | 3.81% |
| EBITDA Margin | 5.02% |
| EBIT Margin | 3.89% |
| FCF Margin | 3.01% |
Dividends & Yields
FLEX does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | 8.67% |
| FCF Yield | 6.86% |
Analyst Forecast
The average price target for FLEX is $43, which is 30.6% higher than the current price. The consensus rating is "Buy".
| Price Target | $43 |
| Price Target Difference | 30.6% |
| Analyst Consensus | Buy |
| Analyst Count | 6 |
Stock Splits
The last stock split was on Oct 17, 2000. It was a forward split with a ratio of 2:1.
| Last Split Date | Oct 17, 2000 |
| Split Type | forward |
| Split Ratio | 2:1 |
Scores
| Altman Z-Score | 2.21 |
| Piotroski F-Score | 7 |