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 40,272 - -
Change - 20.57% 16.09% 5.18% 89.91% 67.33% - -
Enterprise Value (EV) 1 9,842 10,926 12,836 14,076 25,430 42,584 41,416 39,486
Change - 11.02% 17.48% 9.66% 80.66% 67.46% -2.74% -4.66%
P/E 9.56x 13.4x 12.5x 15.7x 28.1x 26.5x 15.7x 10.9x
PBR 2.07x 1.94x 2.19x 2.5x 4.81x 6.5x 4.97x 3.67x
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 1.16x 0.9x 0.78x
EV / Revenue 0.38x 0.36x 0.49x 0.55x 0.91x 1.23x 0.92x 0.76x
EV / EBITDA 6.02x 5.87x 7.4x 7.3x 11.3x 14x 9.61x 7.33x
EV / EBIT 8.42x 7.58x 10.1x 9.65x 14.4x 17.2x 11.5x 8.62x
EV / FCF 16.9x 34.7x 16.1x 13.2x 24.2x 58.7x 20.1x 13.5x
FCF Yield 5.9% 2.88% 6.2% 7.58% 4.14% 1.7% 4.98% 7.41%
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 65.46 109.02 109.02 109.02
Nbr of stocks (in thousands) 464,086 451,081 421,163 383,103 367,674 369,403 - -
Announcement Date 4/5/22 10/5/23 1/5/24 7/5/25 5/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.49x1.23x13.98x-.--% 40.27B
32.62x11.54x21.06x0.84% 118B
46.88x7.87x33.97x1.56% 52.89B
20.53x1.75x8.56x1.47% 34.18B
29.06x2.09x13.91x1.57% 29.66B
28.77x4.39x17.53x-.--% 27.91B
10.46x5.86x16.25x1.43% 26.05B
30.7x4.71x18.75x0.75% 17.79B
23.48x2.99x12.53x-.--% 16.46B
32.57x1.68x15.02x0.48% 14.14B
Average 28.16x 4.41x 17.16x 0.81% 37.78B
Weighted average by Cap. 30.29x 6.32x 19.12x 0.89%

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

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