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 41,624 - -
Change - 20.57% 16.09% 5.18% 89.91% 72.95% - -
Enterprise Value (EV) 1 9,842 10,926 12,836 14,076 25,430 43,936 42,768 40,838
Change - 11.02% 17.48% 9.66% 80.66% 72.77% -2.66% -4.51%
P/E 9.56x 13.4x 12.5x 15.7x 28.1x 27.4x 16.3x 11.3x
PBR 2.07x 1.94x 2.19x 2.5x 4.81x 6.72x 5.13x 3.8x
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 0.93x 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 9.92x 7.59x
EV / EBIT 8.42x 7.58x 10.1x 9.65x 14.4x 17.8x 11.9x 8.91x
EV / FCF 16.9x 34.7x 16.1x 13.2x 24.2x 60.5x 20.8x 14x
FCF Yield 5.9% 2.88% 6.2% 7.58% 4.14% 1.65% 4.82% 7.17%
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 65.46 112.68 112.68 112.68
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.($)
27.78x1.29x14.62x-.--% 42.23B
32.92x11.65x21.28x0.84% 121B
47.25x7.87x34.25x1.56% 52.94B
20.99x1.76x8.59x1.46% 34.16B
28.42x2.01x13.92x1.65% 28.6B
28.95x4.41x17.59x-.--% 28.05B
10.56x5.91x16.4x1.41% 26.65B
32.65x5x19.97x0.7% 19.19B
23.81x3.03x12.69x-.--% 16.68B
33.01x1.68x16.49x0.56% 14.13B
Average 28.63x 4.46x 17.58x 0.82% 38.33B
Weighted average by Cap. 30.68x 6.38x 19.43x 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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