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 39,474 - -
Change - 20.57% 16.09% 5.18% 89.91% 64.01% - -
Enterprise Value (EV) 1 9,842 10,926 12,836 14,076 25,430 41,786 40,618 38,688
Change - 11.02% 17.48% 9.66% 80.66% 64.32% -2.8% -4.75%
P/E 9.56x 13.4x 12.5x 15.7x 28.1x 25.7x 15.3x 10.6x
PBR 2.07x 1.94x 2.19x 2.5x 4.81x 6.31x 4.83x 3.57x
PEG - -1.2x 0.4x -2.11x 2.7x 0.3x 0.2x 0.2x
Capitalization / Revenue 0.33x 0.34x 0.46x 0.49x 0.86x 1.14x 0.88x 0.76x
EV / Revenue 0.38x 0.36x 0.49x 0.55x 0.91x 1.21x 0.9x 0.75x
EV / EBITDA 6.02x 5.87x 7.4x 7.3x 11.3x 13.8x 9.57x 7.19x
EV / EBIT 8.42x 7.58x 10.1x 9.65x 14.4x 16.9x 11.3x 8.45x
EV / FCF 16.9x 34.7x 16.1x 13.2x 24.2x 57.6x 19.7x 13.2x
FCF Yield 5.9% 2.88% 6.2% 7.58% 4.14% 1.74% 5.07% 7.57%
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 65.46 105.95 105.95 105.95
Nbr of stocks (in thousands) 4,64,086 4,51,081 4,21,163 3,83,103 3,67,674 3,69,403 - -
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.($)
25.97x1.21x13.83x-.--% 3.95TCr
35.33x12.59x22.99x0.78% 12TCr
46.65x7.76x33.82x1.72% 5.22TCr
23.37x1.97x9.58x1.31% 3.65TCr
30.52x2.16x15.01x1.53% 2.96TCr
29.21x4.45x17.74x-.--% 2.83TCr
10.94x6.1x16.95x1.39% 2.75TCr
30.67x4.72x18.84x0.75% 1.8TCr
23.08x2.96x12.41x-.--% 1.63TCr
33.24x1.63x14.8x0.56% 1.42TCr
Average 28.90x 4.55x 17.60x 0.8% 3.87TCr
Weighted average by Cap. 31.41x 6.74x 19.89x 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