Flex Stock Today

FLEX Stock  USD 27.39  0.45  1.67%   

Performance

14 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
Flex is trading at 27.39 as of the 19th of March 2024; that is 1.67% increase since the beginning of the trading day. The stock's open price was 26.94. Flex has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Flex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
18th of March 1994
Category
Technology
Classification
Information Technology
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. Flex Ltd. was incorporated in 1990 and is based in Singapore. Flextronics Intl operates under Electronic Components classification in the United States and is traded on NASDAQ Exchange. The company has 421.16 M outstanding shares of which 6.43 M shares are currently shorted by private and institutional investors with about 1.02 trading days to cover. More on Flex

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Flex Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Flex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Flex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Flex's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Flex's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEO and DirectorMichael McNamara
Thematic Ideas
(View all Themes)
Old NameFleXos S.A.
Business ConcentrationElectronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Electronics, Electronic Equipment, SRI Sustainable Growth, Information Technology, Electronic Equipment, Instruments & Components, Electronic Components, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Flex report their recommendations after researching Flex's financial statements, talking to executives and customers, or listening in on Flex's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Flex. The Flex consensus assessment is calculated by taking the average forecast from all of the analysts covering Flex.
Financial Strength
Based on the key measurements obtained from Flex's financial statements, Flex is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. Financial strength of Flex is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.0350.0334
Sufficiently Up
Very volatile
Asset Turnover1.431.28
Moderately Up
Slightly volatile
Gross Profit Margin0.07880.0858
Significantly Down
Very volatile
Net Debt785.3 M1.2 B
Way Down
Slightly volatile
Total Current Liabilities13.1 B12.5 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total5.8 B5.6 B
Sufficiently Up
Slightly volatile
Total Assets25.8 B24.6 B
Sufficiently Up
Slightly volatile
Total Current Assets19.3 B18.4 B
Sufficiently Up
Slightly volatile
Flex's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Flex's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Flex's financial leverage. It provides some insight into what part of Flex's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Flex's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Flex deploys its capital and how much of that capital is borrowed.
Liquidity
Flex cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 4.35 B in liabilities with Debt to Equity (D/E) ratio of 1.05, which is about average as compared to similar companies. Flex has a current ratio of 1.26, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist Flex until it has trouble settling it off, either with new capital or with free cash flow. So, Flex's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Flex sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Flex to invest in growth at high rates of return. When we think about Flex's use of debt, we should always consider it together with cash and equity.

Net Income

1.25 Billion
Flex (FLEX) is traded on NASDAQ Exchange in USA. It is located in 2 Changi South Lane, Singapore, Singapore, 486123 and employs 172,108 people. Flex is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 11.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Flex's market, we take the total number of its shares issued and multiply it by Flex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Flex conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 421.16 M outstanding shares of which 6.43 M shares are currently shorted by private and institutional investors with about 1.02 trading days to cover. Flex currently holds about 2.45 B in cash with 950 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.42.
Check Flex Probability Of Bankruptcy
Ownership Allocation
Flex retains a total of 421.16 Million outstanding shares. The majority of Flex outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Flex to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Flex. Please pay attention to any change in the institutional holdings of Flex as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Flex Ownership Details

Flex Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Flex jumping above the current price in 90 days from now is about 21.61%. The Flex probability density function shows the probability of Flex stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6781. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Flex will likely underperform. Additionally, the company has an alpha of 0.3497, implying that it can generate a 0.35 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 27.39HorizonTargetOdds Above 27.39
78.29%90 days
 27.39 
21.61%
Based on a normal probability distribution, the odds of Flex to move above the current price in 90 days from now is about 21.61 (This Flex probability density function shows the probability of Flex Stock to fall within a particular range of prices over 90 days) .

Flex Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Flex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Flex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Flex's value.
InstituionRecorded OnShares
Bank Of America Corp2023-12-31
7.3 M
Lsv Asset Management2023-12-31
M
Massachusetts Financial Services Company2023-12-31
6.8 M
Ing Investment Management Llc2023-12-31
6.6 M
Franklin Resources Inc2023-12-31
6.5 M
Vanguard Group Inc2023-12-31
5.8 M
Nuveen Asset Management, Llc2023-12-31
5.6 M
Amvescap Plc.2023-12-31
5.5 M
Norges Bank2023-12-31
5.4 M
Primecap Management Company2023-12-31
45.1 M
Fmr Inc2023-12-31
43.3 M
View Flex Diagnostics

Flex Historical Income Statement

Flex Income Statement is one of the three primary financial statements used for reporting Flex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Flex revenue and expense. Flex Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Flex's Reconciled Depreciation is fairly stable compared to the past year. View More Fundamentals

Flex Stock Against Markets

Picking the right benchmark for Flex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Flex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Flex is critical whether you are bullish or bearish towards Flex at a given time. Please also check how Flex's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Flex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Flex Corporate Directors

Flex corporate directors refer to members of a Flex board of directors. The board of directors generally takes responsibility for the Flex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Flex's board members must vote for the resolution. The Flex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Willy ShihIndependent DirectorProfile
Jennifer LiDirectorProfile
Daniel SchulmanIndependent DirectorProfile
Lawrence ZimmermanIndependent DirectorProfile

How to buy Flex Stock?

Before investing in Flex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Flex. To buy Flex stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Flex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Flex stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Flex stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Flex stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Flex, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Flex Stock please use our How to Invest in Flex guide.

Already Invested in Flex?

The danger of trading Flex is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Flex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Flex. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Flex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Flex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Flex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Flex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Flex Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flex. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Flex Stock please use our How to Invest in Flex guide.
Note that the Flex information on this page should be used as a complementary analysis to other Flex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Flex Stock analysis

When running Flex's price analysis, check to measure Flex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flex is operating at the current time. Most of Flex's value examination focuses on studying past and present price action to predict the probability of Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flex's price. Additionally, you may evaluate how the addition of Flex to your portfolios can decrease your overall portfolio volatility.
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Is Flex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flex. If investors know Flex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Earnings Share
1.68
Revenue Per Share
66.374
Quarterly Revenue Growth
(0.08)
Return On Assets
0.0425
The market value of Flex is measured differently than its book value, which is the value of Flex that is recorded on the company's balance sheet. Investors also form their own opinion of Flex's value that differs from its market value or its book value, called intrinsic value, which is Flex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flex's market value can be influenced by many factors that don't directly affect Flex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.