Flex (FLEX) AI Stock Analysis

• Market Cap: $19.16B
• Dividend Yield: N/A
• Average Volume (3M): 4.62M
• Price to Earnings (P/E): 24.5
• Beta (1Y): 1.59
• Revenue Growth: -8.07%
• EPS Growth: -8.00%
• Country: US
• Employees: 148,115
• Sector: Technology
• Sector Strength: 89
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.73
• Shares Outstanding: 373,703,340
• 10 Day Avg. Volume: 6,394,585
• 30 Day Avg. Volume: 4,622,998
• PEG Ratio: -0.75
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.47
• Enterprise Value/Market Cap: 0.60
• Enterprise Value/Revenue: 0.11
• Enterprise Value/Gross Profit: 5.33
• Enterprise Value/Ebitda: 1.81
• 1Y Price Target: $50.71
• Price Target Upside: -1.88% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 69 Neutral
• Price Target: $54.00 ▲(4.49%Upside)

Flex's overall score is bolstered by its stable financial performance and strong earnings call highlights, particularly in its data center business. Technical indicators suggest potential overbought conditions, and valuation metrics indicate moderate pricing.

Positive Factors

Revenue Growth

Strong quarter, continued strong revenues in data center.

Strategic Expansion

FLEX is expected to benefit from expansion into growth vectors, including power and cooling.

Negative Factors

Market Conditions

F26 end-market expectations amid macro uncertainty.

Revenue Impact

Customer-sourced inventory reduces the total revenue for FLEX, but is a tailwind to margins.

Flex Business Overview & Revenue Model

Company Description

Flex Ltd. (FLEX) is a multinational technology and manufacturing company that provides design, engineering, manufacturing, and supply chain services to a broad range of industries. Headquartered in Singapore, Flex operates in sectors such as automotive, consumer electronics, industrial, healthcare, and communications. The company's core services include product design, electronics manufacturing, logistics, and after-market services, offering end-to-end solutions that help businesses bring their products to market efficiently and effectively.

How the Company Makes Money

Flex Ltd. generates revenue primarily through its design, engineering, and manufacturing services. The company partners with businesses across various sectors to provide customized solutions, from initial product design to mass production and distribution. Key revenue streams include contract manufacturing services, where Flex produces and assembles products for other companies, and supply chain management services, where it optimizes logistics and distribution networks for clients. Additionally, Flex engages in strategic partnerships and collaborations to expand its service offerings and enhance its technological capabilities, contributing to its earnings. The company's diverse portfolio and global footprint allow it to capitalize on economies of scale and market opportunities across different regions and industries.

Flex Financial Statement Overview

Summary

Flex demonstrates stable financial health with a focus on maintaining margins and managing debt. Income statement shows revenue challenges, but the balance sheet is solid with strategic leverage. Cash flow is stable, although attention to free cash flow trends is needed.

Income Statement

Flex has shown a mixed performance over the recent years. The gross profit margin and EBIT margin have remained relatively stable, indicating efficient cost management. However, the net profit margin has seen some fluctuations, reflecting challenges in maintaining consistent bottom-line growth. Revenue growth has been inconsistent, with a noticeable decline in recent years, which could signal market challenges or strategic shifts.

Balance Sheet

The company maintains a solid equity base with a stable debt-to-equity ratio, suggesting a balanced approach to leveraging. However, the equity ratio indicates a moderate reliance on liabilities, which could pose risks if market conditions worsen. Return on Equity (ROE) has been satisfactory, reflecting the company's ability to generate profit from its equity base.

Cash Flow

Cash flow from operations has been robust, indicating strong internal cash generation capability. The free cash flow has seen growth, albeit with some volatility, which could impact future investment and financing decisions. The ratios of operating and free cash flow to net income suggest efficient cash management, though potential fluctuations in free cash flow growth remain a concern.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	25.81B	26.41B	28.50B	24.63B	24.12B
Gross Profit	2.16B	1.86B	1.98B	1.78B	1.69B
EBITDA	1.78B	1.55B	1.54B	1.59B	870.00M
Net Income	838.00M	1.01B	793.00M	936.00M	613.00M
Balance Sheet
Total Assets	18.38B	18.26B	21.41B	19.32B	15.84B
Cash, Cash Equivalents and Short-Term Investments	2.29B	2.47B	3.16B	2.96B	2.64B
Total Debt	1.67B	3.75B	4.20B	4.75B	4.34B
Total Liabilities	13.38B	12.93B	15.70B	15.12B	12.40B
Stockholders Equity	5.00B	5.33B	5.35B	4.13B	3.44B
Cash Flow
Free Cash Flow	1.07B	796.00M	315.00M	581.00M	-207.00M
Operating Cash Flow	1.50B	1.33B	950.00M	1.02B	144.00M
Investing Cash Flow	-838.00M	-492.00M	-604.00M	-951.00M	-202.00M
Financing Cash Flow	-821.00M	-1.66B	2.00M	280.00M	743.00M

Flex Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 51.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLEX, the sentiment is Positive. The current price of 51.68 is above the 20-day moving average (MA) of 47.70, above the 50-day MA of 43.24, and above the 200-day MA of 38.52, indicating a bullish trend. The MACD of 2.55 indicates Negative momentum. The RSI at 76.22 is Negative, neither overbought nor oversold. The STOCH value of 84.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FLEX.

Flex Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SANM	77 Outperform	$5.47B	23.94	11.03%	―	-1.50%	1.84%
ESE	74 Outperform	$4.94B	41.94	9.66%	0.17%	8.40%	20.03%
PLXS	74 Outperform	$3.69B	26.39	10.93%	―	-0.69%	42.26%
FLEX	69 Neutral	$19.16B	24.48	16.23%	―	-8.07%	-8.00%
BHE	69 Neutral	$1.44B	27.61	4.84%	1.70%	-7.36%	-20.46%
JBL	67 Neutral	$24.19B	43.82	32.41%	0.14%	-6.13%	-53.35%
Sector *	63 Neutral	$33.87B	5.80	-11.87%	1.82%	5.31%	-18.50%

Flex Corporate Events

Flex Awards CEO $25M Equity for Leadership

On June 19, 2025, Flex Ltd.’s Board of Directors approved a one-time supplemental equity award for CEO Revathi Advaithi, underlining her leadership and contributions to the company’s performance. This award, valued at $25 million, is designed to align executive compensation with shareholder value and support the company’s growth in the data center sector. The performance-based award is contingent on the success of the data center business by fiscal year 2028 and includes specific vesting conditions to ensure leadership continuity and shareholder alignment.

The most recent analyst rating on (FLEX) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on Flex stock, see the FLEX Stock Forecast page.

Flex Approves 2026 Annual Incentive Bonus Plan

On June 12, 2025, Flex Ltd.’s Board of Directors approved the Annual Incentive Bonus Plan for fiscal year 2026, aimed at rewarding executive officers based on the achievement of specific performance goals such as operating profit, free cash flow, and revenue targets. The plan outlines varying bonus opportunities tied to base salaries for different executive roles, with potential payouts adjusted by company performance and individual executive contributions, reflecting Flex’s strategic focus on aligning compensation with performance outcomes.

The most recent analyst rating on (FLEX) stock is a Buy with a $41.00 price target. To see the full list of analyst forecasts on Flex stock, see the FLEX Stock Forecast page.