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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 : 6/10

vs
industry
vs
history
Cash-to-Debt 0.62
FLEX's Cash-to-Debt is ranked lower than
68% of the 2291 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.49 vs. FLEX: 0.62 )
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: 2.31
Current: 0.62
0.09
2.31
Equity-to-Asset 0.21
FLEX's Equity-to-Asset is ranked lower than
93% of the 2227 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 0.58 vs. FLEX: 0.21 )
Ranked among companies with meaningful Equity-to-Asset only.
FLEX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07  Med: 0.32 Max: 0.54
Current: 0.21
0.07
0.54
Interest Coverage 5.05
FLEX's Interest Coverage is ranked lower than
83% of the 1849 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 49.87 vs. FLEX: 5.05 )
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: 5.05
Piotroski F-Score: 5
Altman Z-Score: 2.35
Beneish M-Score: -2.69
WACC vs ROIC
7.64%
10.71%
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 : 6/10

vs
industry
vs
history
Operating Margin % 2.10
FLEX's Operating Margin % is ranked lower than
62% of the 2273 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 4.13 vs. FLEX: 2.10 )
Ranked among companies with meaningful Operating Margin % only.
FLEX' s Operating Margin % Range Over the Past 10 Years
Min: -18.77  Med: 2.08 Max: 2.56
Current: 2.1
-18.77
2.56
Net Margin % 1.34
FLEX's Net Margin % is ranked lower than
62% of the 2273 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 2.99 vs. FLEX: 1.34 )
Ranked among companies with meaningful Net Margin % only.
FLEX' s Net Margin % Range Over the Past 10 Years
Min: -19.82  Med: 1.37 Max: 2.3
Current: 1.34
-19.82
2.3
ROE % 12.29
FLEX's ROE % is ranked higher than
75% of the 2245 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 5.83 vs. FLEX: 12.29 )
Ranked among companies with meaningful ROE % only.
FLEX' s ROE % Range Over the Past 10 Years
Min: -122.4  Med: 14.42 Max: 27.87
Current: 12.29
-122.4
27.87
ROA % 2.54
FLEX's ROA % is ranked lower than
54% of the 2302 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 2.97 vs. FLEX: 2.54 )
Ranked among companies with meaningful ROA % only.
FLEX' s ROA % Range Over the Past 10 Years
Min: -39.79  Med: 2.87 Max: 5.35
Current: 2.54
-39.79
5.35
ROC (Joel Greenblatt) % 20.66
FLEX's ROC (Joel Greenblatt) % is ranked higher than
70% of the 2295 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 11.12 vs. FLEX: 20.66 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FLEX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -195.96  Med: 20.85 Max: 30.07
Current: 20.66
-195.96
30.07
3-Year Revenue Growth Rate 1.40
FLEX's 3-Year Revenue Growth Rate is ranked lower than
53% of the 2057 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 2.20 vs. FLEX: 1.40 )
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: 6.65 Max: 61.1
Current: 1.4
-2.4
61.1
3-Year EBITDA Growth Rate 8.20
FLEX's 3-Year EBITDA Growth Rate is ranked higher than
53% of the 1711 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 6.90 vs. FLEX: 8.20 )
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: -24.7  Med: 9.3 Max: 177.9
Current: 8.2
-24.7
177.9
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 30-Y Financials

Financials (Next Earnings Date: 2017-07-27)


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

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Business Description

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

Flex is one of the world's largest contract electronics manufacturing companies, providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. Flex operates in four segments: Communications & Enterprise Compute, Consumer Technologies Group, Industrial & Emerging Industries, and High Reliability Solutions.

Ratios

vs
industry
vs
history
PE Ratio 27.90
FLEX's PE Ratio is ranked lower than
63% of the 1657 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 21.86 vs. FLEX: 27.90 )
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: 27.9
6.6
825
Forward PE Ratio 14.64
FLEX's Forward PE Ratio is ranked higher than
71% of the 137 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 18.48 vs. FLEX: 14.64 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 27.90
FLEX's PE Ratio without NRI is ranked lower than
63% of the 1666 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 21.87 vs. FLEX: 27.90 )
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: 27.9
6.36
825
Price-to-Owner-Earnings 13.32
FLEX's Price-to-Owner-Earnings is ranked higher than
66% of the 1107 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 20.18 vs. FLEX: 13.32 )
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: 10.8 Max: 1820
Current: 13.32
4.65
1820
PB Ratio 3.32
FLEX's PB Ratio is ranked lower than
76% of the 2198 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.72 vs. FLEX: 3.32 )
Ranked among companies with meaningful PB Ratio only.
FLEX' s PB Ratio Range Over the Past 10 Years
Min: 0.2  Med: 2.24 Max: 3.54
Current: 3.32
0.2
3.54
PS Ratio 0.39
FLEX's PS Ratio is ranked higher than
82% of the 2248 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.13 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 14.39
FLEX's Price-to-Free-Cash-Flow is ranked higher than
57% of the 909 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 17.40 vs. FLEX: 14.39 )
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: 10.78 Max: 55.41
Current: 14.39
1.86
55.41
Price-to-Operating-Cash-Flow 7.82
FLEX's Price-to-Operating-Cash-Flow is ranked higher than
72% of the 1130 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 12.20 vs. FLEX: 7.82 )
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: 6.26 Max: 118.83
Current: 7.82
1.21
118.83
EV-to-EBIT 19.67
FLEX's EV-to-EBIT is ranked lower than
59% of the 1722 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 16.15 vs. FLEX: 19.67 )
Ranked among companies with meaningful EV-to-EBIT only.
FLEX' s EV-to-EBIT Range Over the Past 10 Years
Min: -36.7  Med: 11.9 Max: 68.9
Current: 19.67
-36.7
68.9
EV-to-EBITDA 8.91
FLEX's EV-to-EBITDA is ranked higher than
62% of the 1822 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 12.21 vs. FLEX: 8.91 )
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: 8.91
-1.3
15
PEG Ratio 3.44
FLEX's PEG Ratio is ranked lower than
67% of the 840 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.96 vs. FLEX: 3.44 )
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: 3.51
Current: 3.44
0.66
3.51
Current Ratio 1.29
FLEX's Current Ratio is ranked lower than
80% of the 2274 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.96 vs. FLEX: 1.29 )
Ranked among companies with meaningful Current Ratio only.
FLEX' s Current Ratio Range Over the Past 10 Years
Min: 0.89  Med: 1.29 Max: 1.75
Current: 1.29
0.89
1.75
Quick Ratio 0.77
FLEX's Quick Ratio is ranked lower than
85% of the 2274 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.48 vs. FLEX: 0.77 )
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: 1.29
Current: 0.77
0.46
1.29
Days Inventory 57.31
FLEX's Days Inventory is ranked higher than
62% of the 2211 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 71.30 vs. FLEX: 57.31 )
Ranked among companies with meaningful Days Inventory only.
FLEX' s Days Inventory Range Over the Past 10 Years
Min: 43.66  Med: 46.88 Max: 57.31
Current: 57.31
43.66
57.31
Days Sales Outstanding 33.54
FLEX's Days Sales Outstanding is ranked higher than
89% of the 1863 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 73.80 vs. FLEX: 33.54 )
Ranked among companies with meaningful Days Sales Outstanding only.
FLEX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.33  Med: 33.13 Max: 47.03
Current: 33.54
27.33
47.03
Days Payable 73.27
FLEX's Days Payable is ranked higher than
64% of the 1794 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 57.71 vs. FLEX: 73.27 )
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: 74.64
Current: 73.27
49.82
74.64

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio 3.50
FLEX's 3-Year Average Share Buyback Ratio is ranked higher than
95% of the 1383 Companies
in the Global Contract Manufacturers industry.

( Industry Median: -2.70 vs. FLEX: 3.50 )
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: -7.4 Max: 7.9
Current: 3.5
-42.9
7.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 6.75
FLEX's Price-to-Tangible-Book is ranked lower than
88% of the 2140 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.87 vs. FLEX: 6.75 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
FLEX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.49  Med: 3.18 Max: 8.49
Current: 6.75
1.49
8.49
Price-to-Intrinsic-Value-Projected-FCF 1.13
FLEX's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
55% of the 1384 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.32 vs. FLEX: 1.13 )
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: 0.46  Med: 1.07 Max: 130.44
Current: 1.13
0.46
130.44
Price-to-Median-PS-Value 1.57
FLEX's Price-to-Median-PS-Value is ranked lower than
74% of the 2143 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.17 vs. FLEX: 1.57 )
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: 0.32  Med: 1.65 Max: 7.64
Current: 1.57
0.32
7.64
Price-to-Peter-Lynch-Fair-Value 3.07
FLEX's Price-to-Peter-Lynch-Fair-Value is ranked lower than
85% of the 542 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.36 vs. FLEX: 3.07 )
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: 0.97  Med: 3.13 Max: 4.1
Current: 3.07
0.97
4.1
Price-to-Graham-Number 2.90
FLEX's Price-to-Graham-Number is ranked lower than
78% of the 1565 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 1.36 vs. FLEX: 2.90 )
Ranked among companies with meaningful Price-to-Graham-Number only.
FLEX' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.02  Med: 1.83 Max: 8
Current: 2.9
1.02
8
Earnings Yield (Greenblatt) % 5.08
FLEX's Earnings Yield (Greenblatt) % is ranked higher than
56% of the 2299 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 3.94 vs. FLEX: 5.08 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FLEX' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -218.8  Med: 7 Max: 15.9
Current: 5.08
-218.8
15.9
Forward Rate of Return (Yacktman) % 14.77
FLEX's Forward Rate of Return (Yacktman) % is ranked higher than
67% of the 1235 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 7.85 vs. FLEX: 14.77 )
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: 13.4 Max: 205.2
Current: 14.77
5.2
205.2

More Statistics

Revenue (TTM) (Mil) $23,862.93
EPS (TTM) $ 0.59
Beta1.15
Short Percentage of Float2.73%
52-Week Range $11.51 - 17.76
Shares Outstanding (Mil)529.91

Analyst Estimate

Mar18 Mar19 Mar20
Revenue (Mil $) 24,430 25,526 26,887
EPS ($) 1.22 1.33 1.48
EPS without NRI ($) 1.22 1.33 1.48
EPS Growth Rate
(Future 3Y To 5Y Estimate)
11.63%
Dividends per Share ($)
» More Articles for FLEX

Headlines

Articles On GuruFocus.com
Flex To Report First Quarter Fiscal 2018 Results Jun 19 2017 
Flex Announces 2017 Preferred Supplier Award Recipients May 31 2017 
The Future of Fashion is Hybrid - Karen Harvey Consulting Group Announces Partnership with Flex, Mov May 23 2017 
Flex and Caruma Partner to Deliver AI-Powered, Vision-Based Automotive Interior Systems May 16 2017 
Flex (Nasdaq: FLEX) to Ring The Nasdaq Stock Market Opening Bell May 10 2017 
Flex To Host Investor And Analyst Day On Wednesday, May 10, 2017 May 09 2017 
Dr. Kevin Kettler Joins Flex as CTO of Cloud Business Unit May 05 2017 
Flex Launches Renewable Energy Storage Solution Apr 18 2017 
Flex to Report Fourth Quarter and Fiscal Year End 2017 Results Mar 31 2017 
10 for 2017! Investment Picks for the New Year Dec 23 2016 

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Flex Announces 2017 Preferred Supplier Award Recipients May 31 2017
Flex Ltd. :FLEX-US: Earnings Analysis: Q4, 2017 By the Numbers : May 25, 2017 May 25 2017
The Future of Fashion is Hybrid - Karen Harvey Consulting Group Announces Partnership with Flex,... May 23 2017
Flex Ltd. breached its 50 day moving average in a Bullish Manner : FLEX-US : May 23, 2017 May 23 2017
Flex To Participate In Upcoming Investor Conferences May 19 2017
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Flex and Caruma Partner to Deliver AI-Powered, Vision-Based Automotive Interior Systems May 16 2017
Flex Ltd. – Value Analysis (NASDAQ:FLEX) : May 15, 2017 May 15 2017

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