Stock · FLEX · Technology

Flex Ltd

United States · Large Cap · listed since 1994 · Revenue 12 mo. $31B

Price as of 11/06/2026

StockScorer score
2.7
of 10 3 of 11 points Low Match To the score
Price
$69.78
1 Y +0.6%
Market cap
$24.6B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −0.7% a year (3 years)EBIT margin 5.4%Payout 56.0% of operating cash flow

Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas, Asia, and Europe.

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Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas, Asia, and Europe. The company operates through three segments: Integrated Technology Solutions (ITS), Regulated Manufacturing Solutions (RMS), and Cloud and Power Infrastructure (CPI). The ITS segment offers flexible supply and manufacturing solutions for communications, including high speed networking, enterprise, and satellite communications systems, as well as lifestyle solutions comprising products across commercial, home, and personal product categories. Its RMS segment includes industrial products, such as mission critical automation, energy, and industrial infrastructure; automotive products, including compute and power electronics platforms and integrated systems; and healthcare products comprising regulated manufacturing for medical devices, drug delivery, and equipment. The CPI segment provides cloud and cooling products, such as integrated compute systems supporting power dense digital infrastructure deployments and advanced liquid cooling solutions supporting higher density, power intensive rack architectures; and power products that include utility and facility level electrical infrastructure enabling power delivery and high density rack and board level power systems. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Austin, Texas.

Original text from the data provider

Summary

Flex Ltd is around the middle of the Technology sector overall

41.3 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 10.4% FCF growth a year: more than over the last 10 years, less than over the last 5 years.

If free cash flow stays at €944.1M (2026), it supports €10.5B. The remaining €11.6B of the market value assume it grows 10.4% a year for 10 years and not at all afterwards.

Required FCF growth per year

10.4%

no growth afterwards

Market value breakdown€22.1B market value, price as of 11/06/2026

€10.5B without growth
€11.6B priced-in growth
  • 5 yrs achieved 61.7%
  • 10 yrs achieved 9.2%
  • priced in 10.4%

Valuation against its own history

Price to operating cash flow 16.7×, above its usual range.

Middle half of 19 quarters: 7.7× to 11.0×, median 8.6×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 2.1% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q2 → Q3 2026

Mostly better than the previous quarter: 1 of 1 change for the better.

  • Revenue, 12 mo.$29.3B → $31.0B+5.8%better

5 more unchanged: Gross margin, EBIT margin, Net debt, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability26.7below the middleEarns less than the sector: Gross margin 9.16%, sector 48.47%.
MetricStockSector medianPosition in sector
Return on equity17.11%14.60%Rank 59
Return on capital (Greenblatt)20.13%29.77%Rank 38
EBIT margin5.40%17.40%Rank 18
FCF margin3.77%18.54%Rank 17
Gross margin9.16%48.47%Rank 1
Growth45.3around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year8.14%12.70%Rank 35
Earnings growth, 3 years per year11.09%9.54%Rank 52
Earnings growth, 5 years per year14.20%14.07%Rank 51
Sustainable growth (ROE × retained earnings)2.27%2.87%Rank 43
Valuation70.9above the middleValued lower than the sector: EV/sales 0.95, sector 5.18.
MetricStockSector medianPosition in sector
Earnings yield3.37%2.64%Rank 62
FCF yield4.27%3.06%Rank 63
EV/saleslower is better0.955.18Rank 93
EV/EBITlower is better17.6426.24Rank 66
Momentum17.5below the middleShare price doing worse than the sector: Share price, 6 months −50.44%, sector −4.46%.
MetricStockSector medianPosition in sector
Share price, 1 year0.61%−0.59%Rank 51
Share price, 6 months−50.44%−4.46%Rank 3
Share price, 3 months−37.37%−5.84%Rank 5
Distance from 52-week high−56.95%−33.23%Rank 11
Quality67.0above the middleQuality above the sector: Change in share count −6.03%, sector −0.17%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−0.66%1.65%Rank 62
Change in share countlower is better−6.03%−0.17%Rank 97
Dividend streak in years–8Rank 18
Price reaction to results, market-adjusted11.38%−1.57%Rank 91
Balance sheet & risk20.5below the middleMore risk than the sector: Equity ratio 23.32%, sector 53.98%.
MetricStockSector medianPosition in sector
Equity ratio23.32%53.98%Rank 17
Net debt/EBITDAlower is better1.00−0.20Rank 24
Debt to equitylower is better0.840.33Rank 21
Volatility, 1 yearlower is better72.85%50.37%Rank 20

Ten years in figures

Revenue from $23.9B (2017) to $27.9B (2026), 1.8% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
201723.92.1%$624.8M546M1.1
201825.42.0%$191.6M537M1.5
201926.21.9%−$3.7B530M1.4
202024.21.7%−$2.0B512M1.4
202124.13.3%−$207.0M506M1.7
202224.63.6%$581.0M483M1.8
202328.53.6%$315.0M462M1.0
202426.43.2%$796.0M441M1.4
202525.84.5%$1.1B398M1.9
202627.95.4%$1.1B374M1.9
2.7 / 10Low MatchStockScorer score3 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

Flex Ltd mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 33%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Flex Ltd's score is built

Flex Ltd is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

3 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Flex Ltd stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Undervalued Stocks: Multi-Factor Check
  • Trending Value: Value + Momentum
  • Altman Z-Score: Stress Test
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Growth Momentum (CAN SLIM principle)

Flex Ltd key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Flex Ltd.

MetricStockSector
P/E ratio29.735.1
P/B ratio5.15.5
Return on equity (ROE)17.1%14.6%
Equity ratio23.3%54.0%
Debt-to-equity (D/E)0.840.33
Dividend yield0.0%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
FLEXFlex Ltdthis page
JBLJabil Inc.High7.3
GLWCorning IncorporatedLow1.8
2327.TWYageo Corplocked
000725.SZBOE Technology Group Co Ltdlocked
600183.SSShengyi Technology Co Ltdlocked

Frequently asked questions about Flex Ltd stock

How does Flex Ltd stock (FLEX) score in the StockScorer model?
Flex Ltd stock reaches a StockScorer score of 2.7 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is Flex Ltd's P/E ratio?
Flex Ltd's P/E ratio is 29.7. The Technology sector median is 35.1.
What sector is Flex Ltd in?
Flex Ltd is assigned to the Technology sector. Its rank within the sector is 41.3 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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