StockData
Flex Ltd. logo

Flex Ltd. (FLEX) stock analysis

FLEXNasdaqPrinted Circuit BoardsFiscal year ends March 31
Financials through Q2 FY2027, quarter ended Sep 25, 2026Last filing: 10-Q on Oct 30, 2026Score 11/3032% above fair value
$78.97+2.88 (+3.78%)

Close on Nov 11, 2026Market cap $29.18BP/E 28.5Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value1Growth4Performance2Health4Dividend0

Mixed11 of 30 checks passed

Flex passes 11 of the 30 checks behind our score; 10 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
1/6
Growth
4/6
Past performance
2/6
Financial health
4/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 17.2%, above the 10% that usually covers the cost of capital.

  • Earnings grew over 5 years

    Net income grew 7.5% a year on average over the last five fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 10.6% a year over the last three fiscal years.

  • Interest well covered

    Operating income covers interest expense 6.5 times.

What to watch

  • Margin of safety under 20%

    The price is 32.1% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $78.97 is above our fair value estimate of $59.80.

  • High debt

    Debt is 89.8% of shareholders' equity, above the 40% we consider low.

  • Revenue growing under 10% a year

    Revenue grew -0.7% a year over the last three fiscal years, short of the 10% we look for.

Valuation1/6

  • P/E above its 5-year median

    Flex's P/E of 28.5 is above its own 5-year median of 15.2.

  • P/E below the industry

    Flex's P/E of 28.5 is below the Electronic Components and Accessories median of 34.6.

  • EV/EBITDA above its 5-year median

    Flex's EV/EBITDA of 20.0 is above its 5-year median of 14.6.

  • P/B above the industry

    Flex's price-to-book of 5.02 is above the Electronic Components and Accessories median of 3.49.

  • Trading above fair value

    The share price of $78.97 is above our fair value estimate of $59.80.

  • Margin of safety under 20%

    The price is 32.1% above fair value, so there is no margin of safety.

Growth4/6

  • Revenue growing under 10% a year

    Revenue grew -0.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing 10%+ a year

    Diluted EPS grew 10.6% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 17.5% over the last twelve months; the Electronic Components and Accessories median is 17.3%.

  • Guidance raised

    Flex raised its Fiscal Year 2027 Net Sales outlook on Jul 29, 2026.

  • Gross margin improving

    Gross margin was 9.5% over the last twelve months, against 8.9% a year earlier.

Past performance2/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 17.2%, above the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings grew over 5 years

    Net income grew 7.5% a year on average over the last five fiscal years.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health4/6

  • High debt

    Debt is 89.8% of shareholders' equity, above the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 110% five years ago to 89.8%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 30.9% of total debt.

  • Interest well covered

    Operating income covers interest expense 6.5 times.

  • Short-term assets cover short-term debts

    Current assets are 1.34 times current liabilities.

  • Bankruptcy risk in the grey zone

    The Altman Z-score is 2.49; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Flex has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$59.80

The share price is 32% above this estimate.

20%+ below
Near fair value
20%+ above
$78.97Price$59.80Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E24.8×15.2×34.6×$68.7840%
EV/EBITDA17.9×14.6×21.3×$70.2635%
P/B2.9×2.4×3.5×$46.1110%
Earnings power12.8% cost of equity––$20.6015%
Fair value$59.80100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 15.2
  • Electronic Components and Accessories median 34.6

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$526.44M
Value traded per 1% price move
$116.88M

Downside

High risk

Typical loss in a bad month
34.0%
Volatility (annualized)
76%
Sharpe ratio, 1 year
0.26
Beta to the S&P 500 (5Y)
1.58

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2012 to 2026

Gross margin

9.2%+2.2 pts over 5 years

Operating margin

4.9%+1.6 pts over 5 years

Net margin

3.2%+0.6 pts over 5 years

See a number that looks wrong?