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 | 46.60 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) | 155.18% | 54.92% |
| Total Return (3Y, Annualized) | 84.47% | 26.41% |
| Total Return (5Y, Annualized) | 55.85% | 12.94% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 67.30% | 55.35% |
| Beta (5Y) | 1.68 | 1.34 |
| Max Drawdown (5Y) | -39.99% | -56.03% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | 2.25 | 1.03 |
| Sortino Ratio (1Y) | 4.13 | 1.55 |
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
- 18.43%
- FLEX
- 18.38%
- Median
- 10.41%
- Q1
- 0.66%
- Min
- -24.95%
Largest peers
- STX
- 371.53%
- AAPL
- 148.75%
- SNDK
- 91.64%
- 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
- 26.11%
- Q3
- 10.66%
- Median
- 3.40%
- FLEX
- 3.33%
- Q1
- -0.39%
- Min
- -11.93%
Largest peers
- SNDK
- 56.47%
- ANET
- 38.37%
- AAPL
- 27.62%
- STX
- 26.11%
- CSCO
- 20.95%
- DELL
- 6.28%
- 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
- 36.90%
- Q3
- 17.13%
- Median
- 7.40%
- FLEX
- 4.97%
- Q1
- 2.09%
- Min
- -18.45%
Largest peers
- SNDK
- 78.49%
- ANET
- 45.39%
- STX
- 43.07%
- AAPL
- 32.62%
- CSCO
- 27.70%
- DELL
- 8.86%
- FLEX
- 4.97%
Profitability Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| ROE (TTM) | 18.38% | 10.41% |
| ROA (TTM) | 4.42% | 4.42% |
| Net Margin (TTM) | 3.33% | 3.40% |
| 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% | 8.93% |
| Revenue Growth (3Y CAGR) | -0.69% | 1.97% |
| EPS Growth (YoY) | 10.43% | 9.70% |
| EPS Growth (3Y CAGR) | 10.65% | 3.12% |
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
- 4.95
- Q3
- 3.05
- Median
- 1.99
- FLEX
- 1.38
- Q1
- 1.32
- Min
- 0.17
Largest peers
- ANET
- 2.96
- SNDK
- 2.29
- STX
- 1.67
- FLEX
- 1.38
- AAPL
- 1.00
- DELL
- 0.95
- 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
- 0.82
- Median
- 0.27
- Q1
- 0.04
- Min
- 0.00
Largest peers
- STX
- 1.80
- FLEX
- 1.08
- AAPL
- 0.78
- CSCO
- 0.59
- DELL
- --
- ANET
- --
- SNDK
- --
Financial Strength Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 1.38 | 1.99 |
| Debt / Equity (MRQ) | 1.08 | 0.27 |
| Net Debt / EBITDA | 1.46 | 0.25 |
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
- 0.74%
- Q3
- 0.32%
- FLEX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 1.46%
- DELL
- 0.45%
- AAPL
- 0.34%
- STX
- 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
- 34.91%
- Q3
- 14.28%
- FLEX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 49.85%
- STX
- 21.15%
- DELL
- 17.57%
- 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 48.71, 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
48.71
Group distribution
- Max
- 106.10
- Q3
- 62.78
- FLEX
- 48.71
- Median
- 36.76
- Q1
- 22.85
- Min
- 11.58
Largest peers
- STX
- 69.93
- ANET
- 62.92
- FLEX
- 48.71
- DELL
- 39.08
- AAPL
- 35.08
- CSCO
- 34.15
- SNDK
- 20.70
P/S Ratio (TTM)
Flex (FLEX) trades at 1.59 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
1.59
Group distribution
- Max
- 17.14
- Q3
- 7.76
- Median
- 3.42
- FLEX
- 1.59
- Q1
- 1.39
- Min
- 0.00
Largest peers
- ANET
- 23.79
- STX
- 18.12
- SNDK
- 11.83
- AAPL
- 9.56
- CSCO
- 6.95
- DELL
- 2.37
- FLEX
- 1.59
P/B Ratio (MRQ)
Flex (FLEX) trades at 8.47 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.
FLEX
Technology Hardware & Equipment industry group
8.47
Group distribution
- Max
- 17.63
- Q3
- 8.56
- FLEX
- 8.47
- Median
- 4.23
- Q1
- 2.14
- Min
- -1.92
Largest peers
- STX
- 199.48
- AAPL
- 41.57
- SNDK
- 17.63
- ANET
- 16.95
- CSCO
- 9.01
- FLEX
- 8.47
- DELL
- -226.91
Valuation Metrics
| Metric | Current stock: FLEX | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 48.71 | 36.76 |
| P/S Ratio (TTM) | 1.59 | 3.42 |
| P/B Ratio (MRQ) | 8.47 | 4.23 |
| Free Cash Flow Yield (TTM) | 1.34% | 2.00% |