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 40,014 - -
Change - 20.57% 16.09% 5.18% 89.91% 66.25% - -
Enterprise Value (EV) 1 9,842 10,926 12,836 14,076 25,430 42,325 41,157 39,227
Change - 11.02% 17.48% 9.66% 80.66% 66.44% -2.76% -4.69%
P/E 9.56x 13.4x 12.5x 15.7x 28.1x 26.3x 15.6x 10.8x
PBR 2.07x 1.94x 2.19x 2.5x 4.81x 6.46x 4.93x 3.65x
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 0.89x 0.77x
EV / Revenue 0.38x 0.36x 0.49x 0.55x 0.91x 1.22x 0.92x 0.76x
EV / EBITDA 6.02x 5.87x 7.4x 7.3x 11.3x 13.9x 9.55x 7.29x
EV / EBIT 8.42x 7.58x 10.1x 9.65x 14.4x 17.1x 11.4x 8.56x
EV / FCF 16.9x 34.7x 16.1x 13.2x 24.2x 58.3x 20x 13.4x
FCF Yield 5.9% 2.88% 6.2% 7.58% 4.14% 1.72% 5.01% 7.46%
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 65.46 108.32 108.32 108.32
Nbr of stocks (in thousands) 464,086 451,081 421,163 383,103 367,674 369,403 - -
Announcement Date 5/4/22 A 5/10/23 A 5/1/24 A 5/7/25 A 5/5/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.56x11.51x21.02x0.84% 119B
47.13x7.89x34.18x1.56% 52.82B
26.32x1.22x13.89x-.--% 40.01B
20.71x1.76x8.62x1.46% 34.59B
29.38x2.07x14.41x1.59% 29.56B
28.57x4.35x17.37x-.--% 27.68B
10.29x5.77x16.01x1.45% 25.77B
29.87x4.57x18.26x0.77% 17.47B
23.76x3.02x12.67x-.--% 16.64B
Average 27.62x 4.69x 17.38x 0.85% 40.41B
Weighted average by Cap. 30.19x 6.49x 19.28x 0.91%

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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