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
SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899
Debt
Debt-to-Equity Ratio0.93
Current Ratio1.24
Quick Ratio0.73
Price-To-Earnings
Trailing P/E Ratio17.40
Forward P/E Ratio13.36
P/E Growth0.66
Sales & Book Value
Annual Sales$25.44 billion
Price / Sales0.29
Cash Flow$1.8723 per share
Price / Cash7.28
Book Value$5.72 per share
Price / Book2.38
Profitability
EPS (Most Recent Fiscal Year)$0.80
Net Income$428.53 million
Net Margins1.62%
Return on Equity14.02%
Return on Assets3.03%
Miscellaneous
Employees200,000
Outstanding Shares532,760,000
Market Cap$7.23 billion
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 has authorized a stock repurchase program on Saturday, August 19th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 65% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.
How were Flex's earnings last quarter?
Flex Ltd (NASDAQ:FLEX) announced its quarterly earnings data on Thursday, July, 26th. The technology company reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.24. The technology company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.50 billion. Flex had a return on equity of 14.02% and a net margin of 1.62%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. View Flex's Earnings History.
When is Flex's next earnings date?
What guidance has Flex issued on next quarter's earnings?
Flex issued an update on its second quarter earnings guidance on Thursday, July, 26th. The company provided earnings per share guidance of $0.26-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $6.6-7.0 billion, compared to the consensus revenue estimate of $6.84 billion.
What price target have analysts set for FLEX?
9 equities research analysts have issued 12 month price objectives for Flex's stock. Their forecasts range from $16.00 to $23.00. On average, they expect Flex's stock price to reach $20.0625 in the next year. This suggests a possible upside of 47.2% from the stock's current price. View Analyst Price Targets for Flex.
What is the consensus analysts' recommendation for Flex?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flex in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Flex.
Who are some of Flex's key competitors?
Some companies that are related to Flex include Jabil (JBL), Sanmina (SANM), Plexus (PLXS), TTM Technologies (TTMI), Celestica (CLS), Benchmark Electronics (BHE), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), IEC Electronics (IEC), SMTC (SMTX), NANO DIMENSION/S (NNDM), SigmaTron International (SGMA) and Eltek (ELTK).
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)
Has Flex been receiving favorable news coverage?
News headlines about FLEX stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flex earned a news and rumor sentiment score of 0.23 on Accern's scale. They also assigned news stories about the technology company an impact score of 47.06 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Flex.
Who are Flex's major shareholders?
Flex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (8.40%), Boston Partners (4.72%), BlackRock Inc. (2.77%), Victory Capital Management Inc. (2.51%), Sound Shore Management Inc. CT (2.02%) and Jennison Associates LLC (1.56%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, H Raymond Bingham, Jennifer Li, Lay Koon Tan, 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 Boston Partners, BlackRock Inc., LSV Asset Management, Frontier Capital Management Co. LLC, Sei Investments Co., GMT Capital Corp, Raymond James & Associates and Zurcher Kantonalbank Zurich Cantonalbank . 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, William D Watkins and Willy C Shih. View Insider Buying and Selling for Flex.
Which major investors are buying Flex stock?
FLEX stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Thompson Siegel & Walmsley LLC, Canada Pension Plan Investment Board, Factory Mutual Insurance Co., FMR LLC, Wells Fargo & Company MN, Becker Capital Management Inc. and Victory Capital Management Inc.. 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 $13.63.
How big of a company is Flex?
Flex has a market capitalization of $7.31 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.
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.
