FLEX RSI Chart
Last 7 days
4.7%
Last 30 days
-0.4%
Last 90 days
7.7%
Trailing 12 Months
35.8%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 30.3B | 30.3B | 30.0B | 29.4B |
2022 | 26.0B | 27.0B | 28.6B | 29.7B |
2021 | 24.1B | 25.3B | 25.6B | 25.5B |
2020 | 24.2B | 23.2B | 23.1B | 23.3B |
2019 | 26.2B | 26.0B | 25.4B | 25.0B |
2018 | 25.4B | 25.8B | 26.2B | 26.4B |
2017 | 23.9B | 24.0B | 24.3B | 24.9B |
2016 | 24.4B | 24.7B | 24.4B | 23.8B |
2015 | 26.1B | 25.1B | 24.9B | 24.6B |
2014 | 26.1B | 27.0B | 27.1B | 26.9B |
2013 | 23.6B | 23.4B | 23.6B | 24.7B |
2012 | 29.3B | 27.8B | 26.0B | 24.6B |
2011 | 28.5B | 29.4B | 30.1B | 29.8B |
2010 | 24.1B | 24.9B | 26.4B | 27.6B |
2009 | 30.9B | 28.4B | 25.4B | 23.8B |
2008 | 27.6B | 28.4B | 29.3B | 30.1B |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
May 09, 2024 | lundstrom paul | sold | -1,023,630 | 28.6465 | -35,733 | chief financial officer |
May 09, 2024 | hartung michael p | sold | -899,704 | 28.6466 | -31,407 | group president |
May 09, 2024 | tan kwang hooi | sold | -418,279 | 28.6512 | -14,599 | group president |
May 09, 2024 | advaithi revathi | sold | -4,614,170 | 28.6502 | -161,052 | chief executive officer |
May 09, 2024 | offer david scott | sold | -976,835 | 28.6487 | -34,097 | evp, general counsel |
May 08, 2024 | advaithi revathi | acquired | - | - | 337,416 | chief executive officer |
May 08, 2024 | lundstrom paul | acquired | - | - | 78,138 | chief financial officer |
May 08, 2024 | tan kwang hooi | acquired | - | - | 26,564 | group president |
May 08, 2024 | hartung michael p | acquired | - | - | 62,156 | group president |
May 08, 2024 | offer david scott | acquired | - | - | 67,484 | evp, general counsel |
Which funds bought or sold FLEX recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 08, 2024 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | added | 19.64 | 27,078 | 245,903 | -% |
May 08, 2024 | Cetera Trust Company, N.A | unchanged | - | -18,500 | 286,100 | 0.17% |
May 08, 2024 | COZAD ASSET MANAGEMENT INC | added | 0.28 | -570,530 | 9,251,360 | 0.96% |
May 08, 2024 | INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC | new | - | 4,349 | 4,349 | -% |
May 08, 2024 | US BANCORP \DE\ | reduced | -10.77 | -89,043 | 460,851 | -% |
May 08, 2024 | Entropy Technologies, LP | sold off | -100 | -282,273 | - | -% |
May 08, 2024 | Bell Investment Advisors, Inc | added | 65.95 | 3,148 | 8,784 | -% |
May 08, 2024 | EDMOND DE ROTHSCHILD HOLDING S.A. | unchanged | - | -8,329 | 128,802 | -% |
May 08, 2024 | KBC Group NV | added | 16.98 | 23,000 | 254,000 | -% |
May 08, 2024 | Russell Investments Group, Ltd. | reduced | -68.77 | -1,532,020 | 635,570 | -% |
Unveiling Flex Ltd's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Flex Ltd)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AAPL | 2.8T | 381.6B | 28.2 | 7.42 | ||||
APH | 76.6B | 12.8B | 37.61 | 5.97 | ||||
GLW | 29.3B | 12.4B | 47.46 | 2.37 | ||||
FTV | 27.3B | 6.1B | 30.33 | 4.45 | ||||
FLEX | 12.1B | 29.4B | 16.06 | 0.41 | ||||
MID-CAP | ||||||||
CGNX | 8.0B | 847.2M | 80.11 | 9.42 | ||||
ARW | 6.7B | 31.3B | 9.37 | 0.21 | ||||
BMI | 5.8B | 740.8M | 56.77 | 7.84 | ||||
AVT | 4.7B | 24.7B | 8.19 | 0.19 | ||||
ESE | 2.9B | 968.8M | 30.92 | 2.97 | ||||
SMALL-CAP | ||||||||
CNXN | 1.7B | 2.8B | 20.74 | 0.62 | ||||
BHE | 1.4B | 2.8B | 21.75 | 0.51 | ||||
GPRO | 259.9M | 986.2M | -0.72 | 0.26 | ||||
AEY | 29.9M | 56.7M | -3.8 | 0.59 | ||||
CPSH | 26.3M | 26.4M | 34.22 | 1 |
Flex Ltd News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | -4.9% | 7,103 | 7,471 | 7,336 | 7,477 | 7,756 | 7,766 | 7,347 | 6,851 | 6,619 | 6,229 | 6,342 | 6,266 | 6,720 | 5,985 | 5,153 | 5,484 | 6,461 | 6,088 | 6,176 | 6,226 | 6,923 |
Gross Profit | -3.5% | 642 | 665 | 587 | 556 | 583 | 591 | 535 | 505 | 491 | 465 | 471 | 509 | 479 | 395 | 304 | 366 | 430 | 189 | 353 | 380 | 357 |
S&GA Expenses | -2.9% | 264 | 272 | 270 | 266 | 243 | 245 | 241 | 254 | 225 | 213 | 201 | 205 | 223 | 193 | 191 | 201 | 218 | 205 | 210 | 227 | 238 |
EBITDA Margin | 7.7% | 0.05* | 0.04* | 0.04* | 0.04* | 0.04* | 0.04* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.04* | - | - | - | - | - | - | - | - | - |
Interest Expenses | -2.9% | -36.00 | -35.00 | -41.00 | -51.00 | -54.00 | -47.00 | -49.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Income Taxes | 191.4% | 74.00 | -81.00 | 28.00 | -155 | 25.00 | 34.00 | 37.00 | 27.00 | 16.00 | 35.00 | 27.00 | 21.00 | 25.00 | 40.00 | 15.00 | -3.12 | 34.00 | 21.00 | 19.00 | 28.00 | 13.00 |
Earnings Before Taxes | -5.5% | 307 | 325 | 239 | 208 | 262 | 272 | 232 | 198 | 243 | 371 | 233 | 261 | 233 | 153 | 67.00 | 46.00 | 145 | -96.00 | 64.00 | -36.52 | -31.91 |
EBT Margin | 6.7% | 0.04* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.04* | 0.04* | 0.04* | 0.04* | 0.03* | 0.03* | - | - | - | - | - | - | - | - | - |
Net Income | -13.6% | 197 | 228 | 186 | 142 | 230 | 232 | 189 | 168 | 227 | 336 | 206 | 240 | 208 | 113 | 52.00 | 48.00 | 111 | -117 | 45.00 | -64.35 | -45.17 |
Net Income Margin | -2.1% | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.04* | 0.04* | 0.04* | 0.03* | 0.03* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -24.9% | 154 | 205 | -161 | 270 | 200 | -86.00 | -69.00 | 250 | 27.00 | 88.00 | 216 | 71.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | -2.9% | 20,366 | 20,968 | 20,936 | 21,395 | 20,892 | 20,623 | 20,054 | 19,325 | 18,175 | 16,711 | 16,192 | 15,836 | 15,668 | 15,001 | 14,133 | 13,690 | 14,135 | 14,277 | 14,429 | 13,499 | 13,975 |
Current Assets | -3.8% | 14,877 | 15,463 | 15,540 | 16,021 | 15,819 | 15,630 | 15,147 | 14,337 | 13,213 | 12,183 | 11,729 | 11,363 | 11,111 | 10,479 | 9,562 | 9,086 | 9,361 | 9,493 | 9,387 | 9,103 | 9,492 |
Cash Equivalents | -4.7% | 2,764 | 2,900 | 2,660 | 3,294 | 2,565 | 2,453 | 2,647 | 2,964 | 2,574 | 2,458 | 2,693 | 2,637 | 2,611 | 2,359 | 1,935 | 1,923 | 1,789 | 1,816 | 1,920 | 1,697 | 1,503 |
Inventory | -4.9% | 6,815 | 7,166 | 7,526 | 7,530 | 7,838 | 7,726 | 7,243 | 6,580 | 5,958 | 5,168 | 4,444 | 3,895 | 3,699 | 3,611 | 3,483 | 3,785 | 3,684 | 3,721 | 3,746 | 3,723 | 3,898 |
Net PPE | 0% | 2,328 | 2,328 | 2,363 | 2,349 | 2,289 | 2,201 | 2,135 | 2,125 | 2,112 | 2,100 | 2,087 | 2,097 | 2,097 | 2,106 | 2,163 | 2,216 | 2,206 | 2,217 | 2,310 | 2,336 | 2,214 |
Goodwill | 0.8% | 1,348 | 1,337 | 1,344 | 1,343 | 1,340 | 1,325 | 1,336 | 1,342 | 272 | 1,085 | 1,094 | 1,090 | 1,109 | 1,088 | 1,075 | 1,065 | 1,070 | 1,062 | 1,077 | 1,073 | 1,079 |
Liabilities | -4.7% | 13,921 | 14,612 | 15,150 | 15,689 | 16,290 | 16,353 | 15,879 | 15,118 | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - |
Current Liabilities | -7.1% | 9,386 | 10,106 | 10,638 | 10,855 | 11,668 | 12,146 | 11,590 | 10,711 | 9,642 | 8,688 | 8,138 | 7,834 | 7,519 | 7,157 | 6,795 | 7,211 | 7,551 | 7,558 | 7,438 | 7,598 | 7,504 |
Long Term Debt | 0.6% | 3,431 | 3,412 | 3,444 | 3,691 | 3,522 | 3,081 | 3,129 | 3,248 | 3,798 | 3,501 | 3,505 | 3,515 | 3,740 | 3,739 | 3,423 | 2,689 | 2,701 | 2,958 | 2,962 | 2,422 | 2,906 |
LT Debt, Current | - | 3.00 | - | 151 | 150 | 494 | 916 | 946 | 949 | 648 | 284 | 274 | 268 | 72.00 | 63.00 | 162 | 149 | 89.00 | 32.00 | 276 | 633 | 43.00 |
LT Debt, Non Current | 0.6% | 3,431 | 3,412 | 3,444 | 3,691 | 3,522 | 3,081 | 3,129 | 3,248 | 3,798 | 3,501 | 3,505 | 3,515 | 3,740 | 3,739 | 3,423 | 2,689 | 2,701 | 2,958 | 2,962 | 2,422 | 2,906 |
Shareholder's Equity | -6.2% | 5,965 | 6,356 | 5,786 | 5,351 | 4,505 | 4,180 | 4,091 | 4,129 | 3,655 | 3,514 | 3,508 | 3,436 | 3,381 | 3,115 | 2,940 | 2,831 | 2,899 | 2,806 | 3,002 | 2,973 | 3,078 |
Retained Earnings | 134.9% | 51.00 | -146 | -374 | -560 | -702 | -932 | -1,164 | -1,353 | -1,520 | -1,747 | -2,083 | -2,289 | -2,529 | -2,737 | -2,850 | -2,902 | -2,950 | -3,062 | -2,945 | -3,012 | -2,947 |
Shares Outstanding | -2.4% | 427 | 438 | 449 | 450 | 455 | 457 | 458 | 461 | 481 | 482 | 491 | 499 | - | - | - | - | - | - | - | - | - |
Minority Interest | 6.7% | 480 | 450 | 380 | 355 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | - | - | 7,600 | - | - | - | 8,600 | - | - | - | 5,300 | - | - | - | 5,300 | - | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -20.4% | 284 | 357 | 6.00 | 450 | 359 | 103 | 38.00 | 360 | 150 | 180 | 334 | 161 | 348 | 264 | -629 | 166 | -51.00 | -991 | -656 | -642 | -621 |
Cashflow From Investing | 17.6% | -117 | -142 | -155 | -179 | -154 | -182 | -89.00 | -123 | -625 | -90.00 | -113 | 24.00 | -68.00 | -58.00 | -100 | 18.00 | 617 | 869 | 775 | 782 | 769 |
Cashflow From Financing | -1284.6% | -308 | 26.00 | -486 | 455 | -157 | -86.00 | -210 | 172 | 595 | -321 | -166 | -150 | -47.00 | 199 | 741 | -46.00 | -594 | 26.00 | 106 | 51.00 | -18.14 |
Buy Backs | -11.0% | 275 | 309 | 197 | 44.00 | 40.00 | 72.00 | 181 | 106 | 90.00 | 328 | 162 | 145 | 38.00 | - | - | 87.00 | 61.00 | 60.00 | 52.00 | 65.00 | 64.00 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Income Statement [Abstract] | ||||
Net sales | $ 7,103 | $ 7,756 | $ 21,910 | $ 22,869 |
Cost of sales | 6,400 | 7,168 | 19,935 | 21,155 |
Restructuring charges | 61 | 5 | 81 | 5 |
Gross profit | 642 | 583 | 1,894 | 1,709 |
Selling, general and administrative expenses | 264 | 243 | 806 | 729 |
Restructuring charges | 13 | 0 | 19 | 0 |
Intangible amortization | 17 | 19 | 54 | 62 |
Operating income | 348 | 321 | 1,015 | 918 |
Interest, net | 36 | 54 | 112 | 150 |
Other charges, net | 5 | 5 | 32 | 2 |
Income before income taxes | 307 | 262 | 871 | 766 |
Provision for income taxes | 74 | 25 | 21 | 96 |
Net income | 233 | 237 | 850 | 670 |
Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 36 | 7 | 239 | 19 |
Net income attributable to Flex Ltd. | $ 197 | $ 230 | $ 611 | $ 651 |
Earnings per share attributable to the shareholders of Flex Ltd.: | ||||
Basic (in dollars per share) | $ 0.46 | $ 0.51 | $ 1.39 | $ 1.43 |
Diluted (in dollars per share) | $ 0.45 | $ 0.50 | $ 1.37 | $ 1.41 |
Weighted-average shares used in computing per share amounts: | ||||
Basic (in shares) | 431 | 452 | 440 | 455 |
Diluted (in shares) | 436 | 459 | 446 | 462 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2023 | Mar. 31, 2023 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 2,764 | $ 3,294 |
Accounts receivable, net of allowance of $11 and $8, respectively | 3,605 | 3,739 |
Contract assets | 604 | 541 |
Inventories | 6,815 | 7,530 |
Other current assets | 1,089 | 917 |
Total current assets | 14,877 | 16,021 |
Property and equipment, net | 2,328 | 2,349 |
Operating lease right-of-use assets, net | 612 | 608 |
Goodwill | 1,348 | 1,343 |
Other intangible assets, net | 266 | 316 |
Other assets | 935 | 758 |
Total assets | 20,366 | 21,395 |
Current liabilities: | ||
Bank borrowings and current portion of long-term debt | 3 | 150 |
Accounts payable | 5,292 | 5,930 |
Accrued payroll and benefits | 513 | 522 |
Deferred revenue and customer working capital advances | 2,567 | 3,143 |
Other current liabilities | 1,011 | 1,110 |
Total current liabilities | 9,386 | 10,855 |
Long-term debt, net of current portion | 3,431 | 3,691 |
Operating lease liabilities, non-current | 502 | 506 |
Other liabilities | 602 | 637 |
Total liabilities | 13,921 | 15,689 |
Shareholders’ equity | ||
Ordinary shares, no par value; 1,500,000,000 authorized, 427,319,202 and 500,362,046 issued, and 427,319,202 and 450,122,691 outstanding, respectively | 6,056 | 6,493 |
Treasury stock, at cost; zero and 50,239,355 shares as of December 31, 2023 and March 31, 2023, respectively | 0 | (388) |
Accumulated earnings (deficit) | 51 | (560) |
Accumulated other comprehensive loss | (142) | (194) |
Total Flex Ltd. shareholders’ equity | 5,965 | 5,351 |
Noncontrolling interest | 480 | 355 |
Total shareholders’ equity | 6,445 | 5,706 |
Total liabilities, noncontrolling interest, and shareholders' equity | $ 20,366 | $ 21,395 |
 | Ms. Revathi Advaithi |
---|---|
 | flex.com |
 | Consumer Electronics |
 | 65535 |