Flex (FLEX)
(Delayed Data from NSDQ)
$27.07 USD
-0.56 (-2.03%)
Updated Apr 19, 2024 04:00 PM ET
After-Market: $27.08 +0.01 (0.04%) 7:58 PM ET
3-Hold of 5 3
A Value B Growth F Momentum B VGM
Company Summary
Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfilment, and circular economy solutions.
The company believes that growing complexity in markets, goods, and environmental, social, and governance ("ESG") standards will propel expansion in the contract manufacturing services sector.
The company has expanded and enhanced its service offering by capabilities in software, robotics, artificial intelligence, factory automation, simulation, digital twins, ...
Company Summary
Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfilment, and circular economy solutions.
The company believes that growing complexity in markets, goods, and environmental, social, and governance ("ESG") standards will propel expansion in the contract manufacturing services sector.
The company has expanded and enhanced its service offering by capabilities in software, robotics, artificial intelligence, factory automation, simulation, digital twins, and other disruptive technologies
The company reports revenue in three segments - Flex Agility Solutions Group (FAS), Flex Reliability Solutions (FRS) Group and Nextracker.
Flex Agility Solutions Group comprises Communications & Enterprise Compute or CEC, Lifestyle and Consumer Devices businesses. The FAS segment is optimized for speed to market, based on a highly flexible supply and manufacturing system.
Flex Reliability Solutions Group comprises Health Solutions, Automotive and Industrial businesses. The FRS category is designed to accommodate longer product lifecycles, which call for intricate ramps, specialised manufacturing models, and crucial conditions.
Nextracker is a leading provider of solar tracker and software solutions for utility-scale and ground-mounted solar projects worldwide. In February 2023, Nextracker announced its initial public offering of 23,255,814 shares of its common stock. In January, 2024, the company announced that it had completed the spin-off of all its remaining interest in Nextracker to its shareholders (on a pro-rata basis)
Going ahead, Flex's consolidated financial statements will list Nextracker's historical results as well as some of the assets and liabilities from the spin-off as discontinued operations starting with the company's fourth quarter ending Mar 31, 2024.
In third-quarter fiscal 2024, revenues totaled $7.1 billion. Flex Agility Solutions represented 48% of total revenues, Reliability Solutions Group contributed 42% to total revenues and Nextracker contributed the remaining 10% to total revenues.
General Information
Flex Ltd
2 CHANGI SOUTH LANE
SINGAPORE, U0 486123
Phone: 65-6876-9899
Fax: NA
Web: http://www.flex.com
Email: david.rubin@flex.com
Industry | Electronics - Miscellaneous Products |
Sector | Computer and Technology |
Fiscal Year End | March |
Last Reported Quarter | 3/31/2024 |
Earnings Date | 5/1/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.55 |
Current Year EPS Consensus Estimate | 2.51 |
Estimated Long-Term EPS Growth Rate | 7.50 |
Earnings Date | 5/1/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 27.63 |
52 Week High | 30.93 |
52 Week Low | 19.44 |
Beta | 1.19 |
20 Day Moving Average | 2,866,808.75 |
Target Price Consensus | 31.57 |
4 Week | -2.40 |
12 Week | 18.94 |
YTD | -9.29 |
4 Week | 2.09 |
12 Week | 16.17 |
YTD | -13.66 |
Shares Outstanding (millions) | 421.16 |
Market Capitalization (millions) | 11,636.74 |
Short Ratio | NA |
Last Split Date | 10/17/2000 |
Dividend Yield | 0.00% |
Annual Dividend | $0.00 |
Payout Ratio | 0.00 |
Change in Payout Ratio | 0.00 |
Last Dividend Payout / Amount | NA / $0.00 |
Fundamental Ratios
P/E (F1) | 11.37 |
Trailing 12 Months | 10.92 |
PEG Ratio | 1.52 |
vs. Previous Year | 26.00% |
vs. Previous Quarter | 5.00% |
vs. Previous Year | -8.42% |
vs. Previous Quarter | -4.93% |
Price/Book | 1.81 |
Price/Cash Flow | 8.39 |
Price / Sales | 0.40 |
3/31/24 | NA |
12/31/23 | 16.24 |
9/30/23 | 16.86 |
3/31/24 | NA |
12/31/23 | 4.71 |
9/30/23 | 4.48 |
3/31/24 | NA |
12/31/23 | 1.59 |
9/30/23 | 1.53 |
3/31/24 | NA |
12/31/23 | 0.86 |
9/30/23 | 0.82 |
3/31/24 | NA |
12/31/23 | 3.36 |
9/30/23 | 3.14 |
3/31/24 | NA |
12/31/23 | 2.56 |
9/30/23 | 2.62 |
3/31/24 | NA |
12/31/23 | 3.67 |
9/30/23 | 3.44 |
3/31/24 | NA |
12/31/23 | 15.30 |
9/30/23 | 14.62 |
3/31/24 | NA |
12/31/23 | 3.71 |
9/30/23 | 3.68 |
3/31/24 | NA |
12/31/23 | 0.53 |
9/30/23 | 0.54 |
3/31/24 | NA |
12/31/23 | 34.74 |
9/30/23 | 34.93 |