Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Flex Ltd.

FLEX stock analysis · Information Technology · Electronic Manufacturing Services

FY 2026-03-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$162.07HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$59.9B

Price × SEC outstanding shares. Shares measured 2026-06-26. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$43.26

Equity cash-flow scenario · SEC outstanding shares at 2026-06-26 · -73.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

40.2%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-35.9%

65 sector peers · median 43.6×

How this is calculated ↗
Valuation

Historical multiples

Requires three annual historical market caps and eligible filed earnings.

Requires three annual historical market caps and eligible filed earnings.

How this is calculated ↗
Valuation

Free cash flow yield

1.8%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

16.7%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

39/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

20.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-4.0%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

2.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.7B2021-03-31: cfo $144,000,000.002021-03-31: capex $351,000,000.0020212022-03-31: cfo $1,024,000,000.002022-03-31: capex $443,000,000.0020222023-03-31: cfo $950,000,000.002023-03-31: capex $635,000,000.0020232024-03-31: cfo $1,326,000,000.002024-03-31: capex $530,000,000.0020242025-03-31: cfo $1,505,000,000.002025-03-31: capex $438,000,000.0020252026-03-31: cfo $1,685,000,000.002026-03-31: capex $633,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$54.26$59.20$64.51
10.0%$39.76$43.26$47.01
12.0%$31.37$34.04$36.90

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-03-3127.9B880M1.7B633M22.1B
2025-03-3125.8B838M1.5B438M18.4B
2024-03-3126.4B1.2B1.3B530M18.3B
2023-03-3128.5B1B950M635M21.4B
2022-03-3124.6B940M1B443M19.3B
2021-03-3124.1B613M144M351M15.8B
2020-03-3124.2B88M-1.5B462M13.7B
2019-03-3126.2B93M-3B726M13.5B
2018-03-3125.4B421M-3.9B562M13.7B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue27.9BRevenueFromContractWithCustomerExcludingAssessedTax2026-05-20
netIncome880MProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-05-20
Parent/common earnings proxy880MNetIncomeLoss2026-05-20
cfo1.7BNetCashProvidedByUsedInOperatingActivities2026-05-20
capex633MPaymentsToAcquirePropertyPlantAndEquipment2026-05-20
operatingIncome1.4BOperatingIncomeLoss2026-05-20
assets22.1BAssets2026-05-20
equity5.1BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-05-20
Parent book equity proxy5.1BStockholdersEquity2026-05-20
debt3.8BLongTermDebt2026-05-20
shortDebtNot reported under a supported tag
cash2.4BCashAndCashEquivalentsAtCarryingValue2026-05-20
shares378MWeightedAverageNumberOfDilutedSharesOutstanding2026-05-20
dividendsNot reported under a supported tag
buybacks944MPaymentsForRepurchaseOfCommonStock2026-05-20
issuance0ProceedsFromIssuanceOfCommonStock2026-05-20