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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.65
FLEX's Cash-to-Debt is ranked lower than
66% of the 2024 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.46 vs. FLEX: 0.65 )
Ranked among companies with meaningful Cash-to-Debt only.
FLEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09  Med: 0.59 Max: 1.15
Current: 0.65
0.09
1.15
Equity-to-Asset 0.20
FLEX's Equity-to-Asset is ranked lower than
93% of the 1995 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 0.56 vs. FLEX: 0.20 )
Ranked among companies with meaningful Equity-to-Asset only.
FLEX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16  Med: 0.33 Max: 0.54
Current: 0.2
0.16
0.54
Interest Coverage 4.70
FLEX's Interest Coverage is ranked lower than
83% of the 1830 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 52.07 vs. FLEX: 4.70 )
Ranked among companies with meaningful Interest Coverage only.
FLEX' s Interest Coverage Range Over the Past 10 Years
Min: 0.89  Med: 8.37 Max: N/A
Current: 4.7
Piotroski F-Score: 7
Altman Z-Score: 2.26
Beneish M-Score: -3.00
WACC vs ROIC
9.85%
9.63%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 1.91
FLEX's Operating Margin % is ranked lower than
60% of the 2004 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 3.50 vs. FLEX: 1.91 )
Ranked among companies with meaningful Operating Margin % only.
FLEX' s Operating Margin % Range Over the Past 10 Years
Min: -18.77  Med: 2.04 Max: 2.56
Current: 1.91
-18.77
2.56
Net Margin % 1.24
FLEX's Net Margin % is ranked lower than
59% of the 2006 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 2.57 vs. FLEX: 1.24 )
Ranked among companies with meaningful Net Margin % only.
FLEX' s Net Margin % Range Over the Past 10 Years
Min: -19.82  Med: 1.54 Max: 2.7
Current: 1.24
-19.82
2.7
ROE % 11.40
FLEX's ROE % is ranked higher than
74% of the 1975 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 4.93 vs. FLEX: 11.40 )
Ranked among companies with meaningful ROE % only.
FLEX' s ROE % Range Over the Past 10 Years
Min: -122.4  Med: 14.41 Max: 27.87
Current: 11.4
-122.4
27.87
ROA % 2.32
FLEX's ROA % is ranked lower than
52% of the 2029 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 2.57 vs. FLEX: 2.32 )
Ranked among companies with meaningful ROA % only.
FLEX' s ROA % Range Over the Past 10 Years
Min: -39.79  Med: 3.43 Max: 5.35
Current: 2.32
-39.79
5.35
ROC (Joel Greenblatt) % 18.61
FLEX's ROC (Joel Greenblatt) % is ranked higher than
69% of the 2024 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 9.74 vs. FLEX: 18.61 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FLEX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -195.96  Med: 20.79 Max: 30.07
Current: 18.61
-195.96
30.07
3-Year Revenue Growth Rate 7.40
FLEX's 3-Year Revenue Growth Rate is ranked higher than
69% of the 1922 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 2.10 vs. FLEX: 7.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
FLEX' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -2.4  Med: 5.2 Max: 54.2
Current: 7.4
-2.4
54.2
3-Year EBITDA Growth Rate 14.10
FLEX's 3-Year EBITDA Growth Rate is ranked higher than
63% of the 1545 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 6.30 vs. FLEX: 14.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
FLEX' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -22.1  Med: 8.4 Max: 59.2
Current: 14.1
-22.1
59.2
3-Year EPS without NRI Growth Rate 20.60
FLEX's 3-Year EPS without NRI Growth Rate is ranked higher than
68% of the 1376 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 6.90 vs. FLEX: 20.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
FLEX' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -66.7  Med: 12.3 Max: 182.3
Current: 20.6
-66.7
182.3
GuruFocus has detected 6 Warning Signs with Flex Ltd $FLEX.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» FLEX's 10-Y Financials

Financials (Next Earnings Date: 2017-04-28)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

FLEX Guru Trades in Q1 2016

John Burbank 319,568 sh (New)
Charles Brandes 794,457 sh (+27.84%)
Richard Pzena 6,372,016 sh (+11.29%)
PRIMECAP Management 51,084,332 sh (+4.88%)
David Dreman 2,668 sh (unchged)
Larry Robbins 47,998,431 sh (-12.94%)
Jim Simons 1,663,554 sh (-57.99%)
» More
Q2 2016

FLEX Guru Trades in Q2 2016

Ray Dalio 17,000 sh (New)
John Burbank 6,003,303 sh (+1778.57%)
David Dreman 2,840 sh (+6.45%)
PRIMECAP Management 51,209,482 sh (+0.24%)
Richard Pzena 6,372,403 sh (+0.01%)
Larry Robbins 47,998,431 sh (unchged)
Charles Brandes 693,836 sh (-12.67%)
Jim Simons 1,314,154 sh (-21.00%)
» More
Q3 2016

FLEX Guru Trades in Q3 2016

First Eagle Investment 1,731,315 sh (New)
NWQ Managers 1,632,667 sh (New)
Ray Dalio 20,729 sh (+21.94%)
Jim Simons 1,542,054 sh (+17.34%)
Richard Pzena 6,400,643 sh (+0.44%)
David Dreman 2,840 sh (unchged)
PRIMECAP Management 50,913,657 sh (-0.58%)
Larry Robbins 38,970,589 sh (-18.81%)
Charles Brandes 529,924 sh (-23.62%)
John Burbank 2,850,299 sh (-52.52%)
» More
Q4 2016

FLEX Guru Trades in Q4 2016

Steven Cohen 645,400 sh (New)
NWQ Managers 2,017,616 sh (+23.58%)
First Eagle Investment 1,829,415 sh (+5.67%)
PRIMECAP Management 51,632,805 sh (+1.41%)
Ray Dalio Sold Out
Charles Brandes 519,558 sh (-1.96%)
Richard Pzena 6,164,462 sh (-3.69%)
Larry Robbins 37,170,589 sh (-4.62%)
John Burbank 2,132,325 sh (-25.19%)
David Dreman 385 sh (-86.44%)
Jim Simons 103,454 sh (-93.29%)
» More
» Details

Insider Trades

Latest Guru Trades with FLEX

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Computer Hardware » Contract Manufacturers    NAICS: 334412 
Compare:NYSE:JBL, NYSE:CLS, NAS:PLXS, NAS:TTMI, NYSE:BHE, AMEX:IEC, NAS:SMTX, NAS:SGMA, OTCPK:IEHC, NAS:ELTK, OTCPK:ZTSTF » details
Traded in other countries:FXI.Germany, FLEXN.Mexico,
Flextronics International Ltd designs, build, ships and service complete packaged consumer electronics and industrial products for original equipment manufacturers.

Flextronics is a US-based EMS company with a broad set of end-to-end supply chain solutions ranging from concept design to aftermarket services. The company's manufacturing footprint of 24.4 million square feet is spread across the Americas (30%), Europe (16%), and APAC (54%) and generated revenue of $26.1 billion of which the Americas was 35%, Europe was 15%, and Asia was 50% in fiscal 2015.

Ratios

vs
industry
vs
history
PE Ratio 30.24
FLEX's PE Ratio is ranked lower than
65% of the 1646 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 21.17 vs. FLEX: 30.24 )
Ranked among companies with meaningful PE Ratio only.
FLEX' s PE Ratio Range Over the Past 10 Years
Min: 6.6  Med: 13.65 Max: 825
Current: 30.24
6.6
825
Forward PE Ratio 12.64
FLEX's Forward PE Ratio is ranked higher than
78% of the 160 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 17.42 vs. FLEX: 12.64 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 30.24
FLEX's PE Ratio without NRI is ranked lower than
65% of the 1633 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 21.15 vs. FLEX: 30.24 )
Ranked among companies with meaningful PE Ratio without NRI only.
FLEX' s PE Ratio without NRI Range Over the Past 10 Years
Min: 6.36  Med: 14.79 Max: 825
Current: 30.24
6.36
825
Price-to-Owner-Earnings 13.15
FLEX's Price-to-Owner-Earnings is ranked higher than
60% of the 1080 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 17.41 vs. FLEX: 13.15 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
FLEX' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.65  Med: 10.84 Max: 1820
Current: 13.15
4.65
1820
PB Ratio 3.45
FLEX's PB Ratio is ranked lower than
78% of the 2037 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.59 vs. FLEX: 3.45 )
Ranked among companies with meaningful PB Ratio only.
FLEX' s PB Ratio Range Over the Past 10 Years
Min: 0.2  Med: 2.2 Max: 3.49
Current: 3.45
0.2
3.49
PS Ratio 0.39
FLEX's PS Ratio is ranked higher than
81% of the 2055 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.02 vs. FLEX: 0.39 )
Ranked among companies with meaningful PS Ratio only.
FLEX' s PS Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.24 Max: 0.48
Current: 0.39
0.05
0.48
Price-to-Free-Cash-Flow 12.96
FLEX's Price-to-Free-Cash-Flow is ranked higher than
58% of the 935 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 15.96 vs. FLEX: 12.96 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FLEX' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.86  Med: 10.83 Max: 55.67
Current: 12.96
1.86
55.67
Price-to-Operating-Cash-Flow 7.55
FLEX's Price-to-Operating-Cash-Flow is ranked higher than
69% of the 1123 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 11.30 vs. FLEX: 7.55 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FLEX' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.21  Med: 6.3 Max: 119.91
Current: 7.55
1.21
119.91
EV-to-EBIT 21.91
FLEX's EV-to-EBIT is ranked lower than
66% of the 1492 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 14.99 vs. FLEX: 21.91 )
Ranked among companies with meaningful EV-to-EBIT only.
FLEX' s EV-to-EBIT Range Over the Past 10 Years
Min: -36.7  Med: 11.95 Max: 60.9
Current: 21.91
-36.7
60.9
EV-to-EBITDA 9.44
FLEX's EV-to-EBITDA is ranked higher than
57% of the 1644 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 11.18 vs. FLEX: 9.44 )
Ranked among companies with meaningful EV-to-EBITDA only.
FLEX' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1.3  Med: 6.4 Max: 15
Current: 9.44
-1.3
15
PEG Ratio 4.36
FLEX's PEG Ratio is ranked lower than
74% of the 710 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.90 vs. FLEX: 4.36 )
Ranked among companies with meaningful PEG Ratio only.
FLEX' s PEG Ratio Range Over the Past 10 Years
Min: 0.66  Med: 1.65 Max: 4.36
Current: 4.36
0.66
4.36
Current Ratio 1.25
FLEX's Current Ratio is ranked lower than
81% of the 1943 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.94 vs. FLEX: 1.25 )
Ranked among companies with meaningful Current Ratio only.
FLEX' s Current Ratio Range Over the Past 10 Years
Min: 0.89  Med: 1.27 Max: 1.94
Current: 1.25
0.89
1.94
Quick Ratio 0.74
FLEX's Quick Ratio is ranked lower than
87% of the 1943 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.47 vs. FLEX: 0.74 )
Ranked among companies with meaningful Quick Ratio only.
FLEX' s Quick Ratio Range Over the Past 10 Years
Min: 0.46  Med: 0.82 Max: 1.3
Current: 0.74
0.46
1.3
Days Inventory 57.90
FLEX's Days Inventory is ranked higher than
61% of the 1953 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 71.35 vs. FLEX: 57.90 )
Ranked among companies with meaningful Days Inventory only.
FLEX' s Days Inventory Range Over the Past 10 Years
Min: 43.66  Med: 46.8 Max: 57.9
Current: 57.9
43.66
57.9
Days Sales Outstanding 33.21
FLEX's Days Sales Outstanding is ranked higher than
90% of the 1631 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 75.04 vs. FLEX: 33.21 )
Ranked among companies with meaningful Days Sales Outstanding only.
FLEX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.33  Med: 33.23 Max: 47.03
Current: 33.21
27.33
47.03
Days Payable 77.16
FLEX's Days Payable is ranked higher than
68% of the 1566 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 58.29 vs. FLEX: 77.16 )
Ranked among companies with meaningful Days Payable only.
FLEX' s Days Payable Range Over the Past 10 Years
Min: 49.82  Med: 68.52 Max: 77.16
Current: 77.16
49.82
77.16

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio 5.20
FLEX's 3-Year Average Share Buyback Ratio is ranked higher than
97% of the 1301 Companies
in the Global Contract Manufacturers industry.

( Industry Median: -1.60 vs. FLEX: 5.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FLEX' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -42.9  Med: -3.6 Max: 7.9
Current: 5.2
-42.9
7.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 7.11
FLEX's Price-to-Tangible-Book is ranked lower than
88% of the 1954 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.70 vs. FLEX: 7.11 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
FLEX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.19  Med: 3.21 Max: 7.91
Current: 7.11
1.19
7.91
Price-to-Intrinsic-Value-Projected-FCF 1.11
FLEX's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
56% of the 1294 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.26 vs. FLEX: 1.11 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
FLEX' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.44  Med: 0.94 Max: 160.09
Current: 1.11
0.44
160.09
Price-to-Median-PS-Value 1.61
FLEX's Price-to-Median-PS-Value is ranked lower than
74% of the 1877 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.22 vs. FLEX: 1.61 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FLEX' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.26  Med: 1.38 Max: 7.41
Current: 1.61
0.26
7.41
Price-to-Peter-Lynch-Fair-Value 3.46
FLEX's Price-to-Peter-Lynch-Fair-Value is ranked lower than
86% of the 459 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.42 vs. FLEX: 3.46 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
FLEX' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.84  Med: 2.07 Max: 102.04
Current: 3.46
0.84
102.04
Price-to-Graham-Number 3.11
FLEX's Price-to-Graham-Number is ranked lower than
81% of the 1329 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.27 vs. FLEX: 3.11 )
Ranked among companies with meaningful Price-to-Graham-Number only.
FLEX' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.79  Med: 1.8 Max: 13.18
Current: 3.11
0.79
13.18
Earnings Yield (Greenblatt) % 4.56
FLEX's Earnings Yield (Greenblatt) % is ranked higher than
54% of the 2080 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 3.86 vs. FLEX: 4.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FLEX' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.6  Med: 7.3 Max: 15.9
Current: 4.56
1.6
15.9
Forward Rate of Return (Yacktman) % 14.67
FLEX's Forward Rate of Return (Yacktman) % is ranked higher than
68% of the 1170 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 7.40 vs. FLEX: 14.67 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
FLEX' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.2  Med: 13.3 Max: 205.2
Current: 14.67
5.2
205.2

More Statistics

Revenue (TTM) (Mil) $23,773
EPS (TTM) $ 0.55
Beta1.23
Short Percentage of Float2.23%
52-Week Range $11.39 - 16.99
Shares Outstanding (Mil)535.22

Analyst Estimate

Mar17 Mar18 Mar19
Revenue (Mil $) 23,672 24,266 25,605
EPS ($) 1.14 1.27 1.44
EPS without NRI ($) 1.14 1.27 1.44
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for FLEX

Headlines

Articles On GuruFocus.com
10 for 2017! Investment Picks for the New Year Dec 23 2016 
Glenview Capital Exits Position in Endo International, Allergan Mar 22 2016 
Quantitative Breakdown of Flextronics Aug 03 2015 
This Spinoff is Up Over 100% Jun 12 2015 
Weekly CEO Sells Highlight: Flextronics International Ltd, Standard Pacific Corp, HD Supply Holdings Apr 12 2015 
Why Flextronics is A Strong Buy Jan 26 2015 
TE Connectivity Is Going to Double Revenue Growth Sep 23 2014 
Mantis Vision Unveils Tablet Advocating 3D Technology Sep 19 2014 
Glenview's Larry Robbins Adds to Stake in Watchmaker Fossil Sep 15 2014 
Flextronics International: Valuation and Prospect Analysis Jun 26 2014 

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