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Flex (FLEX)

(Real Time Quote from BATS)

$27.36 USD

27.36
1,131,252

-0.27 (-0.98%)

Updated Apr 19, 2024 12:48 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

Zacks Rank Education - Learn about the Zacks Rank

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

A Value B Growth F Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 37% (93 out of 250)

Industry: Electronics - Miscellaneous Products

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Better trading starts here.

Balance Sheet

Research for FLEX

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Flex Ltd falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Assets          
Cash & Equivalents -99,999 3,294 2,964 2,637 1,923
Receivables NA 3,739 3,371 4,106 2,436
Notes Receivable NA 0 0 0 0
Inventories NA 7,530 6,580 3,895 3,785
Other Current Assets NA 1,458 1,422 725 943
Total Current Assets NA 16,021 14,337 11,363 9,086
Net Property & Equipment NA 2,349 2,125 2,097 2,216
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 1,659 1,753 1,303 1,327
Deposits & Other Assets NA 758 473 431 455
Total Assets NA 21,395 19,325 15,836 13,690
Liabilities & Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Notes Payable NA 0 0 0 0
Accounts Payable NA 5,930 6,254 5,247 5,108
Current Portion Long-Term Debt NA 150 949 268 149
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 522 470 473 364
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 4,253 3,038 1,846 1,590
Total Current Liabilities NA 10,855 10,711 7,834 7,211
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,691 3,248 3,515 2,689
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 637 608 489 429
Minority Interest (Liabilities) NA 0 78 0 0
Total Liabilities NA 15,689 15,196 12,400 10,858
Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 6,493 6,052 6,232 6,336
Capital Surplus NA 0 0 0 0
Retained Earnings NA -560 -1,353 -2,289 -2,902
Other Equity NA 161 -182 -119 -215
Treasury Stock NA 388 388 388 388
Total Shareholder's Equity NA 5,706 4,129 3,436 2,831
Total Liabilities & Shareholder's Equity NA 21,395 19,325 15,836 13,690
Total Common Equity 0 5,706 4,129 3,436 2,831
Shares Outstanding 421.10 451.00 464.00 499.10 503.90
Book Value Per Share 0.00 12.65 8.90 6.88 5.62

Fiscal Year End for Flex Ltd falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 2,764 2,900 2,660 3,294
Receivables NA 3,605 3,801 3,764 3,739
Notes Receivable NA 0 0 0 0
Inventories NA 6,815 7,166 7,526 7,530
Other Current Assets NA 1,693 1,596 1,590 1,458
Total Current Assets NA 14,877 15,463 15,540 16,021
Net Property & Equipment NA 2,328 2,328 2,363 2,349
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 1,614 1,612 1,643 1,659
Deposits & Other Assets NA 935 956 766 758
Total Assets NA 20,366 20,968 20,936 21,395
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 5,292 5,728 5,890 5,930
Current Portion Long-Term Debt NA 3 0 151 150
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 513 500 474 522
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 3,578 3,878 4,123 4,253
Total Current Liabilities NA 9,386 10,106 10,638 10,855
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,431 3,412 3,444 3,691
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 597 554 637
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 13,921 14,612 15,150 15,689
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 6,056 6,292 6,337 6,493
Capital Surplus NA 0 0 0 0
Retained Earnings NA 51 -146 -374 -560
Other Equity NA 338 210 211 161
Treasury Stock NA 0 0 388 388
Total Shareholder's Equity NA 6,445 6,356 5,786 5,706
Total Liabilities & Shareholder's Equity NA 20,366 20,968 20,936 21,395
Total Common Equity 0 6,445 6,356 5,786 5,706
Shares Outstanding 421.10 421.10 434.80 446.60 451.00
Book Value Per Share 0.00 15.31 14.62 12.96 12.65