Company Valuation: Flex Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,609 10,379 12,049 12,673 24,068 41,484 - -
Change - 20.57% 16.09% 5.18% 89.91% 72.36% - -
Enterprise Value (EV) 1 9,842 10,926 12,836 14,076 25,430 43,796 42,627 40,698
Change - 11.02% 17.48% 9.66% 80.66% 72.22% -2.67% -4.53%
P/E 9.56x 13.4x 12.5x 15.7x 28.1x 27.3x 16.2x 11.2x
PBR 2.07x 1.94x 2.19x 2.5x 4.81x 6.69x 5.12x 3.78x
PEG - -1.2x 0.4x -2.11x 2.7x 0.4x 0.2x 0.3x
Capitalization / Revenue 0.33x 0.34x 0.46x 0.49x 0.86x 1.2x 0.92x 0.8x
EV / Revenue 0.38x 0.36x 0.49x 0.55x 0.91x 1.27x 0.95x 0.79x
EV / EBITDA 6.02x 5.87x 7.4x 7.3x 11.3x 14.4x 9.89x 7.56x
EV / EBIT 8.42x 7.58x 10.1x 9.65x 14.4x 17.7x 11.8x 8.88x
EV / FCF 16.9x 34.7x 16.1x 13.2x 24.2x 60.3x 20.7x 13.9x
FCF Yield 5.9% 2.88% 6.2% 7.58% 4.14% 1.66% 4.83% 7.19%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.94 1.72 2.28 2.11 2.33 4.115 6.928 10.01
Distribution rate - - - - - - - -
Net sales 1 26,041 30,346 26,415 25,813 27,914 34,621 44,979 51,819
EBITDA 1 1,636 1,861 1,734 1,928 2,259 3,046 4,311 5,384
EBIT 1 1,169 1,442 1,267 1,459 1,764 2,471 3,608 4,581
Net income 1 936 793 1,006 838 880 1,553 2,612 3,736
Net Debt 1 1,233 547 787 1,403 1,362 2,312 1,143 -786.3
Reference price 2 18.55 23.01 28.61 33.08 65.46 112.30 112.30 112.30
Nbr of stocks (in thousands) 464,086 451,081 421,163 383,103 367,674 369,403 - -
Announcement Date 5/4/22 5/10/23 5/1/24 5/7/25 5/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.81x1.29x14.64x-.--% 41.48B
32.83x11.62x21.21x0.84% 117B
46.06x7.73x33.38x1.59% 51.96B
20.81x1.77x8.69x1.45% 34.1B
29.7x2.14x14.23x1.54% 29.82B
29.28x4.47x17.84x-.--% 28.79B
10.84x6.06x16.81x1.38% 26.76B
30.79x4.78x19x0.74% 17.94B
24.41x3.09x12.97x-.--% 17.55B
34.26x1.73x16.84x0.46% 14.01B
Average 28.68x 4.47x 17.56x 0.8% 37.97B
Weighted average by Cap. 30.51x 6.31x 19.27x 0.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield