Flex (FLEX) Stock Analysis
This is a peer-relative look at Flex (FLEX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | FLEX |
|---|---|
| Name | Flex Ltd. |
| Country/Region | United States |
| GICS Sector | Information Technology |
| GICS Industry Group | Technology Hardware & Equipment |
| GICS Industry | Electronic Equipment, Instruments & Components |
| GICS Sub-Industry | Electronic Manufacturing Services |
| Market Capitalization | 43.08 billion USD |
| Currency | USD |
| Exchange | Nasdaq |
| Listing Date | March 18, 1994 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Total Return (1Y) | 100.74% | 43.05% |
| Total Return (3Y, Annualized) | 79.65% | 27.43% |
| Total Return (5Y, Annualized) | 53.38% | 12.35% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 69.38% | 54.65% |
| Beta (5Y) | 1.76 | 1.36 |
| Max Drawdown (5Y) | -39.99% | -55.10% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | 1.39 | 0.66 |
| Sortino Ratio (1Y) | 2.46 | 1.11 |
Profitability
ROE (TTM)
Flex (FLEX) posts ROE of 18.38%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.
FLEX
Technology Hardware & Equipment industry group
18.38%
Group distribution
- Max
- 44.01%
- Q3
- 18.64%
- FLEX
- 18.38%
- Median
- 10.41%
- Q1
- 0.19%
- Min
- -24.95%
Largest peers
- AAPL
- 148.75%
- SNDK
- 91.64%
- APH
- 38.12%
- ANET
- 31.48%
- CSCO
- 27.32%
- FLEX
- 18.38%
- DELL
- --
Net Margin (TTM)
Flex (FLEX) keeps 3.33% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.
FLEX
Technology Hardware & Equipment industry group
3.33%
Group distribution
- Max
- 27.62%
- Q3
- 10.84%
- Median
- 3.57%
- FLEX
- 3.33%
- Q1
- -0.98%
- Min
- -12.98%
Largest peers
- SNDK
- 56.47%
- ANET
- 38.37%
- AAPL
- 27.62%
- CSCO
- 20.95%
- APH
- 17.73%
- DELL
- 7.53%
- FLEX
- 3.33%
Operating Margin (TTM)
Flex (FLEX) turns 4.97% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
FLEX
Technology Hardware & Equipment industry group
4.97%
Group distribution
- Max
- 36.27%
- Q3
- 17.80%
- Median
- 7.40%
- FLEX
- 4.97%
- Q1
- 1.69%
- Min
- -21.39%
Largest peers
- SNDK
- 78.47%
- ANET
- 45.39%
- AAPL
- 32.62%
- APH
- 29.78%
- CSCO
- 27.72%
- DELL
- 12.02%
- FLEX
- 4.97%
Profitability Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| ROE (TTM) | 18.38% | 10.41% |
| ROA (TTM) | 4.42% | 4.17% |
| Net Margin (TTM) | 3.33% | 3.57% |
| Operating Margin (TTM) | 4.97% | 7.40% |
| Gross Margin (TTM) | 9.53% | 39.15% |
Growth
Revenue Growth
Flex (FLEX) grew revenue 8.14%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.
EPS Growth
Flex (FLEX) grew earnings per share 10.43%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.
Growth Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 8.14% | 9.53% |
| Revenue Growth (3Y CAGR) | -0.69% | 2.44% |
| EPS Growth (YoY) | 10.43% | 14.18% |
| EPS Growth (3Y CAGR) | 10.65% | 3.34% |
Financial Strength
Current Ratio (MRQ)
Flex (FLEX) has current ratio of 1.38, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.
FLEX
Technology Hardware & Equipment industry group
1.38
Group distribution
- Max
- 5.34
- Q3
- 3.08
- Median
- 1.98
- FLEX
- 1.38
- Q1
- 1.30
- Min
- 0.17
Largest peers
- ANET
- 2.96
- SNDK
- 2.29
- APH
- 1.89
- FLEX
- 1.38
- AAPL
- 1.00
- DELL
- 0.96
- CSCO
- 0.93
Debt / Equity (MRQ)
Flex (FLEX) has debt-to-equity ratio of 1.08, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.
FLEX
Technology Hardware & Equipment industry group
1.08
Group distribution
- Max
- 1.80
- FLEX
- 1.08
- Q3
- 0.79
- Median
- 0.26
- Q1
- 0.04
- Min
- 0.00
Largest peers
- APH
- 1.20
- FLEX
- 1.08
- AAPL
- 0.78
- CSCO
- 0.62
- SNDK
- 0.01
- DELL
- --
- ANET
- --
Financial Strength Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 1.38 | 1.98 |
| Debt / Equity (MRQ) | 1.08 | 0.26 |
| Net Debt / EBITDA | 1.46 | 0.18 |
Dividends
Dividend Yield (TTM)
Flex (FLEX) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
FLEX
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 0.76%
- Q3
- 0.31%
- FLEX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 1.53%
- APH
- 0.53%
- DELL
- 0.43%
- AAPL
- 0.32%
- FLEX
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Payout Ratio (TTM)
Flex (FLEX) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
FLEX
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 30.23%
- Q3
- 12.39%
- FLEX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 49.85%
- APH
- 22.88%
- DELL
- 13.44%
- AAPL
- 12.04%
- FLEX
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Flex (FLEX) trades at P/E ratio of 43.51, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.
FLEX
Technology Hardware & Equipment industry group
43.51
Group distribution
- Max
- 92.49
- Q3
- 57.87
- FLEX
- 43.51
- Median
- 34.60
- Q1
- 22.13
- Min
- 12.26
Largest peers
- ANET
- 64.60
- FLEX
- 43.51
- APH
- 42.84
- AAPL
- 37.88
- CSCO
- 32.71
- DELL
- 31.55
- SNDK
- 24.21
P/S Ratio (TTM)
Flex (FLEX) trades at 1.47 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.
FLEX
Technology Hardware & Equipment industry group
1.47
Group distribution
- Max
- 16.47
- Q3
- 8.05
- Median
- 3.42
- FLEX
- 1.47
- Q1
- 1.43
- Min
- 0.00
Largest peers
- ANET
- 24.81
- SNDK
- 12.44
- AAPL
- 10.43
- APH
- 7.39
- CSCO
- 6.99
- DELL
- 2.37
- FLEX
- 1.47
P/B Ratio (MRQ)
Flex (FLEX) trades at 7.83 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.
FLEX
Technology Hardware & Equipment industry group
7.83
Group distribution
- Max
- 13.84
- FLEX
- 7.83
- Q3
- 7.08
- Median
- 3.54
- Q1
- 2.20
- Min
- -1.28
Largest peers
- AAPL
- 45.34
- ANET
- 17.67
- SNDK
- 16.29
- APH
- 13.84
- CSCO
- 8.80
- FLEX
- 7.83
- DELL
- -252.25
Valuation Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 43.51 | 34.60 |
| P/S Ratio (TTM) | 1.47 | 3.42 |
| P/B Ratio (MRQ) | 7.83 | 3.54 |
| Free Cash Flow Yield (TTM) | 1.45% | 2.24% |