Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It offers innovation services, such as 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 enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. The company also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as 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, it provides component product solutions, including rigid and flexible printed circuit board fabrication, and power supplies; after-market supply chain logistics services; and reverse logistics and repair services, such as returns management, exchange programs, complex repair, asset recovery, recycling and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebooks, PC's, set-top boxes, game consoles, and 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
Industry Printed circuit boards
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:FLEX
CUSIPN/A
Phone65-6876-9899
Debt
Debt-to-Equity Ratio0.96
Current Ratio1.26
Quick Ratio0.74
Price-To-Earnings
Trailing P/E Ratio18.16
Forward P/E Ratio14.98
P/E Growth0.75
Sales & Book Value
Annual Sales$25.44 billion
Price / Sales0.30
Cash Flow$1.8652 per share
Price / Cash7.79
Book Value$5.72 per share
Price / Book2.54
Profitability
EPS (Most Recent Fiscal Year)$0.80
Net Income$428.53 million
Net Margins1.68%
Return on Equity14.32%
Return on Assets3.09%
Miscellaneous
Employees200,000
Outstanding Shares528,280,000
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 declared that its Board of Directors has initiated a stock buyback plan 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 reacquire up to 65% of its stock through open market purchases. Stock buyback plans are usually 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 earnings results on Thursday, April, 26th. The technology company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by $0.02. The technology company earned $6.41 billion during the quarter, compared to analysts' expectations of $6.27 billion. Flex had a net margin of 1.68% and a return on equity of 14.32%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 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 first quarter earnings guidance on Thursday, April, 26th. The company provided EPS guidance of $0.22-0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.32. The company issued revenue guidance of $6.3-6.7 billion, compared to the consensus revenue estimate of $6.30 billion.
What price target have analysts set for FLEX?
9 brokers have issued 1-year price targets for Flex's stock. Their predictions range from $16.00 to $23.00. On average, they expect Flex's stock price to reach $20.0625 in the next year. View Analyst Ratings for Flex.
Are investors shorting Flex?
Flex saw a decline in short interest in the month of May. As of May 31st, there was short interest totalling 7,531,265 shares, a decline of 23.3% from the May 15th total of 9,819,729 shares. Based on an average daily volume of 4,291,059 shares, the short-interest ratio is currently 1.8 days. Currently, 1.4% of the company's stock are sold short. View Flex's Current Options Chain.
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), Benchmark Electronics (BHE), Celestica (CLS), CTS (CTS), Kimball Electronics (KE), Park Electrochemical (PKE), Sparton (SPA), SMTC (SMTX), NANO DIMENSION/S (NNDM), IEC Electronics (IEC), 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?
Media stories about FLEX stock have trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources. 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 daily sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the technology company an impact score of 45.24 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Flex's major shareholders?
Flex's stock is owned by many different of institutional and retail investors. Top institutional investors include Boston Partners (6.60%), BlackRock Inc. (4.22%), Victory Capital Management Inc. (2.38%), Sound Shore Management Inc. CT (1.89%), LSV Asset Management (1.74%) and Dimensional Fund Advisors LP (1.24%). Company insiders that own Flex stock include Christopher Collier, David P Bennett, David Scott Offer, Douglas Britt, Francois Barbier, H Raymond Bingham, 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, Iridian Asset Management LLC CT, Thompson Siegel & Walmsley LLC, Sound Shore Management Inc. CT, Sei Investments Co., Honeywell International Inc., Victory Capital Management Inc. and Franklin Resources Inc.. 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, Lay Koon Tan, Michael M Mcnamara, William D Watkins and Willy C Shih. View Insider Buying and Selling for Flex.
Which major investors are buying Flex stock?
FLEX stock was purchased by a variety of institutional investors in the last quarter, including Contour Asset Management LLC, BlackRock Inc., Wells Fargo & Company MN, Lateef Investment Management L.P., Millennium Management LLC, Maplelane Capital LLC, Pelorus Jack Capital L.P. and Korea Investment CORP. 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 $14.53.
How big of a company is Flex?
Flex has a market capitalization of $7.68 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 (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.
