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 39,855 - -
Change - 20.57% 16.09% 5.18% 89.91% 65.59% - -
Enterprise Value (EV) 1 9,842 10,926 12,836 14,076 25,430 42,167 40,998 39,069
Change - 11.02% 17.48% 9.66% 80.66% 65.81% -2.77% -4.71%
P/E 9.56x 13.4x 12.5x 15.7x 28.1x 25.7x 15.3x 10.8x
PBR 2.07x 1.94x 2.19x 2.5x 4.81x 6.43x 4.91x 3.64x
PEG - -1.2x 0.4x -2.11x 2.7x 0.3x 0.2x 0.3x
Capitalization / Revenue 0.33x 0.34x 0.46x 0.49x 0.86x 1.15x 0.89x 0.77x
EV / Revenue 0.38x 0.36x 0.49x 0.55x 0.91x 1.22x 0.91x 0.75x
EV / EBITDA 6.02x 5.87x 7.4x 7.3x 11.3x 14x 9.65x 7.26x
EV / EBIT 8.42x 7.58x 10.1x 9.65x 14.4x 17x 11.4x 8.53x
EV / FCF 16.9x 34.7x 16.1x 13.2x 24.2x 58.1x 19.9x 13.3x
FCF Yield 5.9% 2.88% 6.2% 7.58% 4.14% 1.72% 5.03% 7.49%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.94 1.72 2.28 2.11 2.33 4.203 7.047 10.01
Distribution rate - - - - - - - -
Net sales 1 26,041 30,346 26,415 25,813 27,914 34,620 44,998 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 2,473 3,595 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 65.46 107.89 107.89 107.89
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.67x1.22x13.95x-.--% 39.85B
33.48x11.87x21.67x0.82% 122B
46.26x7.69x33.54x1.73% 51.76B
21.5x1.81x8.78x1.42% 34.56B
29.33x2.07x14.39x1.6% 29.26B
29.09x4.43x17.67x-.--% 28.18B
10.89x6.09x16.88x1.37% 27.46B
31.29x4.8x19.17x0.73% 18.36B
24.01x3.07x12.85x-.--% 16.91B
34.25x1.67x15.22x0.54% 14.63B
Average 28.58x 4.47x 17.41x 0.82% 38.25B
Weighted average by Cap. 30.56x 6.45x 19.36x 0.9%

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