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 40,819 - -
Change - 20.57% 16.09% 5.18% 89.91% 69.6% - -
Enterprise Value (EV) 1 9,842 10,926 12,836 14,076 25,430 43,131 41,962 40,033
Change - 11.02% 17.48% 9.66% 80.66% 69.61% -2.71% -4.6%
P/E 9.56x 13.4x 12.5x 15.7x 28.1x 26.9x 16x 11x
PBR 2.07x 1.94x 2.19x 2.5x 4.81x 6.59x 5.03x 3.72x
PEG - -1.2x 0.4x -2.11x 2.7x 0.4x 0.2x 0.2x
Capitalization / Revenue 0.33x 0.34x 0.46x 0.49x 0.86x 1.18x 0.91x 0.79x
EV / Revenue 0.38x 0.36x 0.49x 0.55x 0.91x 1.25x 0.93x 0.77x
EV / EBITDA 6.02x 5.87x 7.4x 7.3x 11.3x 14.3x 9.88x 7.44x
EV / EBIT 8.42x 7.58x 10.1x 9.65x 14.4x 17.5x 11.6x 8.74x
EV / FCF 16.9x 34.7x 16.1x 13.2x 24.2x 59.4x 20.4x 13.7x
FCF Yield 5.9% 2.88% 6.2% 7.58% 4.14% 1.68% 4.91% 7.31%
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 3,022 4,246 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 65.46 110.50 110.50 110.50
Nbr of stocks (in thousands) 464,086 451,081 421,163 383,103 367,674 369,403 - -
Announcement Date 04/05/22 10/05/23 01/05/24 07/05/25 05/05/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.85x1.25x14.27x-.--% 40.82B
35.62x12.7x23.2x0.77% 126B
47.05x7.82x34.1x1.7% 52.58B
23.81x2.01x9.68x1.29% 36.93B
30.63x2.15x14.91x1.54% 29.42B
29.76x4.53x18.07x-.--% 28.83B
11.19x6.22x17.35x1.35% 28.13B
31.58x4.85x19.37x0.73% 18.6B
23.94x3.06x12.81x-.--% 16.86B
32.17x1.6x14.64x0.44% 14.14B
Average 29.26x 4.62x 17.84x 0.78% 39.21B
Weighted average by Cap. 31.75x 6.80x 20.10x 0.86%

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