How Is Flex Ltd. (FLEX)’s Price-To-Earnings Ratio?

As of Friday close, Flex Ltd.’s (NASDAQ:FLEX) stock was up $0.57, moving up 3.63 percent to $16.26. The average number of shares traded per day over the past five days has been 4,618,000 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.69 fall in that time frame. In the last twenty days, the average volume was 3,920,670, while in the previous 50 days, it was 4,068,514.

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Since last month, FLEX stock retreated -4.75%. Shares of the company fell to $15.32 on 05/12/22, the lowest level in the past month. A 52-week high of $19.50 was reached on 03/31/22 after having rallying from a 52-week low of $14.88. Since the beginning of this year, FLEX’s stock price has dropped by -11.29% or -$2.07, and marked a new high 3 times. However, the stock has declined by -16.59% since its 52-week high.

Flex Ltd. (FLEX) last reported insider trading activity 89 days ago on Feb 14. Advaithi Revathi, the Chief Executive Officer of the company, disposed of 32,367 shares for $17.08 on Feb 14. It resulted in a $552,890 divestment by the insider. Barbier Francois sold 77,720 shares at an average price of $19.11 on Oct 18. The insider now owns 385,342 shares following the transaction. On Sep 22, Chief Accounting Officer Bennett David P sold 34,000 shares at $18.27 apiece. The transaction was valued at $621,330.

Valuation Metrics

Right now, Flex Ltd. (FLEX) has a P/E ratio of about 8.39. The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 2.09, and the price-to-cash flow ratio of 11.85 may also be considered.

Financial Health

In the three months ended September 29, Flex Ltd.’s quick ratio stood at 0.80, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.04, and the total debt-to-equity ratio was 1.22. On the profitability front, the trailing twelve-month gross margin is 7.50% percent. In the year ended September 29, operating margins totaled 4.10%. Based on annual data, FLEX earned $1.69 billion in gross profit and brought in $24.12 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.50%. Return on equity (ROE) for the past 12 months was 28.10%.

In Flex Ltd.’s quarter-end financial report for September 29, it reported total debt of $3.8 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FLEX’s revenue fell -1.09% to $6.22 billion during the quarter, while net income inched up to $6.62 billion. While analysts expected Flex Ltd. to report $0.36 quarterly earnings, the actual figure was $0.42 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated $372.0 million in EBITDA. The liabilities of Flex Ltd. were 14.52 billion at the end of its most recent quarter ended September 29, and its total debt was $4.99 billion. The value of shareholders’ equity is $464.09 million.

Technical Picture

This quick technical analysis looks at Flex Ltd.’s (FLEX) price momentum. With a historical volatility rate of 48.41%, the RSI 9-day stood at 44.84% on 13 May.

With respect to its five-day moving average, the current Flex Ltd. price is down by -4.07% percent or -$0.69. At present, FLEX shares trade -4.80% below its 20-day simple moving average and -4.30% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.39% below its SMA50 and -7.09% below its SMA200.

Stochastic coefficient K was 16.92% and Stochastic coefficient D was 16.96%, while ATR was 0.76. Given the Stochastic reading of 33.22% for the 14-day period, the RSI (14) reading has been calculated as 45.52%. As of today, the MACD Oscillator reading stands at -0.68, while the 14-day reading stands at -0.61.

Analyst Ratings

Cross Research upgraded its rating on Flex Ltd. (NASDAQ: FLEX) to a Buy in a note to investors on May 06, 2021. The analysts firm previously had a Hold rating on the stock.Flex Ltd. (FLEX) has been rated Overweight by analysts. According to 0 brokerage firms, FLEX is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Flex Ltd. stock as buy, with 7 recommending it as overweight.

With a median target price of $24.00, the current consensus forecast for the stock is $21.00 – $29.00. Based on these forecasts, analysts predict Flex Ltd. (FLEX) will achieve an average price target of $24.29.


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