There Is Still Room For Flex Ltd. (FLEX) to Improve Its Value – Let’s Wait for Clarity

The closing price of Flex Ltd. (NASDAQ: FLEX) was $24.54 for the day, up 0.49% from the previous closing price of $24.42. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 6630998 shares were traded. FLEX stock price reached its highest trading level at $24.89 during the session, while it also had its lowest trading level at $24.27.

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Ratios:

Our analysis of FLEX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.74.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Credit Suisse on August 17, 2022, initiated with a Outperform rating and assigned the stock a target price of $24.

On May 18, 2022, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $22.

Cross Research Upgraded its Hold to Buy on May 06, 2021, while the target price for the stock was maintained at $22.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 05 when Stevens Charles K. III sold 20,000 shares for $21.69 per share. The transaction valued at 433,800 led to the insider holds 52,380 shares of the business.

Hartung Michael P sold 12,376 shares of FLEX for $264,718 on Nov 30. The Group President now owns 111,105 shares after completing the transaction at $21.39 per share. On Nov 25, another insider, Hartung Michael P, who serves as the Group President of the company, sold 1,728 shares for $21.00 each. As a result, the insider received 36,292 and left with 123,481 shares of the company.

Valuation Measures:

As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.09, and their Forward P/E ratio for the next fiscal year is 10.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 2.67.

Stock Price History:

Over the past 52 weeks, FLEX has reached a high of $25.12, while it has fallen to a 52-week low of $13.63. The 50-Day Moving Average of the stock is 21.71, while the 200-Day Moving Average is calculated to be 18.14.

Shares Statistics:

FLEX traded an average of 4.50M shares per day over the past three months and 6.37M shares per day over the past ten days. A total of 455.00M shares are outstanding, with a floating share count of 450.23M. Shares short for FLEX as of Oct 13, 2022 were 8.66M with a Short Ratio of 14.63M, compared to 8.43M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.89% and a Short% of Float of 2.44%.

Earnings Estimates

The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $0.58 for the current quarter, with a high estimate of $0.59 and a low estimate of $0.56, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.52, with high estimates of $0.54 and low estimates of $0.51.

Analysts are recommending an EPS of between $2.26 and $2.15 for the fiscal current year, implying an average EPS of $2.21. EPS for the following year is $2.38, with 3 analysts recommending between $2.4 and $2.35.

Revenue Estimates

A total of 2 analysts have provided revenue estimates for FLEX’s current fiscal year. The highest revenue estimate was $29.3B, while the lowest revenue estimate was $28.63B, resulting in an average revenue estimate of $28.96B. In the same quarter a year ago, actual revenue was $24.96B, up 16.00% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $29.8B in the next fiscal year. The high estimate is $30.63B and the low estimate is $28.96B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.