Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments. The company offers various services, including innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enable customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It also provides design and engineering services, such as contract design and joint development manufacturing services, which cover various technical competencies comprising system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services. In addition, the company offers component product solutions that include rigid and flexible printed circuit board fabrication, and power supplies; after-market and forward supply chain logistics services; and reverse logistics and repair services, which comprise returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebook personal computers, set-top boxes, game consoles, infrastructure products. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Printed circuit boards
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:FLEX
Previous Symbol
CUSIPN/A
Phone65-6876-9899
Debt
Debt-to-Equity Ratio1.07
Current Ratio1.23
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio9.83
Forward P/E Ratio9.57
P/E Growth0.94
Sales & Book Value
Annual Sales$25.44 billion
Price / Sales0.16
Cash Flow$1.8129 per share
Price / Cash Flow4.33
Book Value$5.72 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)$0.80
Net Income$428.53 million
Net Margins1.15%
Return on Equity9.83%
Return on Assets2.13%
Miscellaneous
Employees200,000
Outstanding Shares526,590,000
Market Cap$4.25 billion
OptionableOptionable
Flex (NASDAQ:FLEX) Frequently Asked Questions
What is Flex's stock symbol?
Flex trades on the NASDAQ under the ticker symbol "FLEX."
How will Flex's stock buyback program work?
Flex announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 21st 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
How were Flex's earnings last quarter?
Flex Ltd (NASDAQ:FLEX) released its earnings results on Thursday, October, 25th. The technology company reported $0.29 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.28 by $0.01. The technology company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.81 billion. Flex had a net margin of 1.15% and a return on equity of 9.83%. View Flex's Earnings History.
When is Flex's next earnings date?
What guidance has Flex issued on next quarter's earnings?
Flex updated its FY 2019 earnings guidance on Thursday, October, 25th. The company provided EPS guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus estimate of $1.23. The company issued revenue guidance of $26-27 billion, compared to the consensus revenue estimate of $27.56 billion.Flex also updated its Q3 2019 guidance to $0.29-0.33 EPS.
What price target have analysts set for FLEX?
11 equities research analysts have issued twelve-month price targets for Flex's stock. Their forecasts range from $9.00 to $22.00. On average, they expect Flex's stock price to reach $18.2143 in the next year. This suggests a possible upside of 132.0% from the stock's current price. View Analyst Price Targets for Flex.
What is the consensus analysts' recommendation for Flex?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Flex.
Has Flex been receiving favorable news coverage?
Press coverage about FLEX stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Flex earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Flex?
Flex saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 22,098,352 shares, an increase of 48.8% from the November 15th total of 14,848,492 shares. Based on an average daily volume of 7,345,265 shares, the short-interest ratio is presently 3.0 days. Currently, 4.2% of the company's shares are short sold. View Flex's Current Options Chain.
Who are some of Flex's key competitors?
Some companies that are related to Flex include Jabil (JBL), Plexus (PLXS), Sanmina (SANM), Celestica (CLS), TTM Technologies (TTMI), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA), Eltek (ELTK) and IEC Electronics (IEC).
Who are Flex's key executives?
Flex's management team includes the folowing people:
- Mr. Michael M. McNamara, CEO & Director (Age 61)
- Mr. Christopher E. Collier, Chief Financial Officer (Age 49)
- Mr. François P. Barbier, Pres of Global Operations & Components (Age 59)
- Mr. Scott Offer, Exec. VP & Gen. Counsel (Age 53)
- Mr. Paul J. Humphries, Pres of High Reliability Solutions (Age 63)
Who are Flex's major shareholders?
Flex's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (12.35%), Janus Henderson Group PLC (8.58%), Lyrical Asset Management LP (3.01%), Victory Capital Management Inc. (2.48%), BlackRock Inc. (1.80%) and Dimensional Fund Advisors LP (1.46%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Jennifer Li, Lay Koon Tan, Marc A Onetto, Michael M Mcnamara, Paul Humphries, William D Watkins and Willy C Shih. View Institutional Ownership Trends for Flex.
Which major investors are selling Flex stock?
FLEX stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Sound Shore Management Inc. CT, BlackRock Inc., LSV Asset Management, Jennison Associates LLC, Mitsubishi UFJ Trust & Banking Corp, AQR Capital Management LLC and Canada Pension Plan Investment Board. Company insiders that have sold Flex company stock in the last year include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, Jennifer Li, Lay Koon Tan, Michael M Mcnamara, Paul Humphries and Willy C Shih. View Insider Buying and Selling for Flex.
Which major investors are buying Flex stock?
FLEX stock was bought by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Deutsche Bank AG, Wells Fargo & Company MN, Morgan Stanley, Pzena Investment Management LLC, Renaissance Technologies LLC, TIAA CREF Investment Management LLC and Factory Mutual Insurance Co.. Company insiders that have bought Flex stock in the last two years include David Scott Offer and Marc A Onetto. View Insider Buying and Selling for Flex.
How do I buy shares of Flex?
Shares of FLEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Flex's stock price today?
One share of FLEX stock can currently be purchased for approximately $7.85.
How big of a company is Flex?
Flex has a market capitalization of $4.25 billion and generates $25.44 billion in revenue each year. The technology company earns $428.53 million in net income (profit) each year or $0.80 on an earnings per share basis. Flex employs 200,000 workers across the globe.
What is Flex's official website?
How can I contact Flex?
Flex's mailing address is 2 CHANGI SOUTH LANE, SINGAPORE U0, 486123. The technology company can be reached via phone at 65-6876-9899 or via email at [email protected]
MarketBeat Community Rating for Flex (NASDAQ FLEX)
MarketBeat's community ratings are surveys of what our community members think about Flex and other stocks. Vote "Outperform" if you believe FLEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FLEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
