Metric Analysis: Flex Ltd (FLEX)’s Key Ratios in the Limelight

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In the latest session, Flex Ltd (NASDAQ: FLEX) closed at $29.47 down -0.64% from its previous closing price of $29.66. In other words, the price has decreased by -$0.64 from its previous closing price. On the day, 2.57 million shares were traded. FLEX stock price reached its highest trading level at $30.06 during the session, while it also had its lowest trading level at $29.175.

Ratios:

For a deeper understanding of Flex Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.71. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.70.

On September 07, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $35.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 17 ’24 when Advaithi Revathi sold 37,170 shares for $31.30 per share. The transaction valued at 1,163,421 led to the insider holds 2,057,473 shares of the business.

Tan Kwang Hooi sold 13,451 shares of FLEX for $420,998 on Jun 17 ’24. The Group President now owns 183,496 shares after completing the transaction at $31.30 per share. On Jun 17 ’24, another insider, Lundstrom Paul, who serves as the Chief Financial Officer of the company, sold 7,895 shares for $31.30 each. As a result, the insider received 247,102 and left with 346,943 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FLEX now has a Market Capitalization of 11828520960 and an Enterprise Value of 13250354176. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.82, and their Forward P/E ratio for the next fiscal year is 10.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 2.26. Its current Enterprise Value per Revenue stands at 0.502 whereas that against EBITDA is 8.543.

Stock Price History:

The Beta on a monthly basis for FLEX is 1.12, which has changed by 0.43300438 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, FLEX has reached a high of $34.12, while it has fallen to a 52-week low of $16.83. The 50-Day Moving Average of the stock is -2.84%, while the 200-Day Moving Average is calculated to be 18.89%.

Shares Statistics:

For the past three months, FLEX has traded an average of 4.13M shares per day and 4152000 over the past ten days. A total of 408.10M shares are outstanding, with a floating share count of 395.33M. Insiders hold about 0.87% of the company’s shares, while institutions hold 101.22% stake in the company. Shares short for FLEX as of 1718323200 were 9151127 with a Short Ratio of 2.22, compared to 1715731200 on 8317629. Therefore, it implies a Short% of Shares Outstanding of 9151127 and a Short% of Float of 3.4099999999999997.

Earnings Estimates

Its stock is currently analyzed by 8.0 different market analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.44 and a low estimate of $0.4, while EPS last year was $0.57. The consensus estimate for the next quarter is $0.55, with high estimates of $0.57 and low estimates of $0.52.

Analysts are recommending an EPS of between $2.52 and $2.3 for the fiscal current year, implying an average EPS of $2.38. EPS for the following year is $2.77, with 9.0 analysts recommending between $2.85 and $2.68.

Revenue Estimates

For the next quarter, 7 analysts are estimating revenue of $6.29B. There is a high estimate of $6.37B for the next quarter, whereas the lowest estimate is $6.2B.

A total of 9 analysts have provided revenue estimates for FLEX’s current fiscal year. The highest revenue estimate was $25.93B, while the lowest revenue estimate was $25.46B, resulting in an average revenue estimate of $25.81B. In the same quarter a year ago, actual revenue was $26.41BBased on 9 analysts’ estimates, the company’s revenue will be $27.32B in the next fiscal year. The high estimate is $28.29B and the low estimate is $26.83B.

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