Loading...
Docoh

Flex (FLEX)

Flex is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

Company profile

Ticker
FLEX
Exchange
Website
CEO
Revathi Advaithi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FLEXTRONICS INTERNATIONAL LTD, FLEXTRONICS INTERNATIONAL LTD.
SEC CIK
Subsidiaries
ACS Acquisitions Ireland Limited • ACS Acquisitions, Inc. • Advance Mold & Manufacturing, Inc. • AGM Automotive Costa Rica, S.A. • AGM Automotive Mexico, LLC • AGM Automotive, LLC • AGM Durmont Austria GmbH • AGM Durmont Mexico • Anord Control Systems (Holdings) Limited • Anord Mardix (Asia) Pte. Ltd. ...

FLEX stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$22.50
Low target
$21.00
High target
$24.00
Credit Suisse
Initiated
Outperform
$24.00
17 Aug 22
Goldman Sachs
Maintains
Buy
$21.00
1 Jun 22

Calendar

29 Jul 22
19 Aug 22
31 Mar 23
Quarter (USD) Jul 22 Mar 22 Dec 21 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.65B 2.65B 2.65B 2.65B 2.65B 2.65B
Cash burn (monthly) 105.67M 3.83M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 174.21M 6.32M n/a n/a n/a n/a
Cash remaining 2.47B 2.64B n/a n/a n/a n/a
Runway (months of cash) 23.4 688.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 22 Michael E. Hurlston Ordinary Shares Grant Acquire A No No 0 1,812 0 35,846
15 Jul 22 Tan Lay Koon Ordinary Shares Grant Acquire A No No 0 1,812 0 219,592
22 Jun 22 Offer David Scott Ordinary Shares Sell Dispose S No No 14.5883 6,655 97.09K 262,920
16 Jun 22 Michael P Hartung Ordinary Shares Sell Dispose S No No 15.076 381 5.74K 188,003
16 Jun 22 Michael P Hartung Ordinary Shares Sell Dispose S No No 14.398 31,221 449.52K 188,384
15 Jun 22 Michael P Hartung Ordinary Shares Grant Acquire A No No 0 58,074 0 219,605
15 Jun 22 Michael P Hartung Ordinary Shares Sell Dispose S No No 15.6685 5,329 83.5K 161,531
15 Jun 22 Kwang Hooi Tan Ordinary Shares Grant Acquire A No No 0 55,308 0 172,385
94.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 341 344 -0.9%
Opened positions 49 43 +14.0%
Closed positions 52 43 +20.9%
Increased positions 106 133 -20.3%
Reduced positions 114 102 +11.8%
13F shares Current Prev Q Change
Total value 7.12B 8.02B -11.3%
Total shares 429.91M 432.83M -0.7%
Total puts 1.25M 1.84M -31.9%
Total calls 1.59M 4.07M -60.9%
Total put/call ratio 0.8 0.5 +74.1%
Largest owners Shares Value Change
Primecap Management 54.2M $784.35M -0.7%
Wellington Management 35.98M $520.67M -8.8%
JHG Janus Henderson 26.13M $378.12M +14.2%
FMR 24.2M $350.21M +2.6%
Alliancebernstein 21.88M $316.59M +3.4%
Victory Capital Management 21.14M $305.93M -1.1%
BEN Franklin Resources 14.79M $214.05M +14.1%
Boston Partners 13.31M $192.64M +0.3%
Lyrical Asset Management 12.93M $187.13M -5.9%
IVZ Invesco 12.64M $182.97M +19.8%
Largest transactions Shares Bought/sold Change
Massachusetts Financial Services 5.72M +5.72M NEW
Wellington Management 35.98M -3.49M -8.8%
40 North Management 5.01M -3.44M -40.7%
JHG Janus Henderson 26.13M +3.25M +14.2%
Millennium Management 1.97M -2.94M -59.8%
Glenview Capital Management 13.2K -2.46M -99.5%
IVZ Invesco 12.64M +2.09M +19.8%
LGEN Legal & General 0 -1.9M EXIT
Sound Shore Management 6.84M -1.88M -21.6%
BEN Franklin Resources 14.79M +1.83M +14.1%

Financial report summary

?
Risks
  • Our customers may cancel their orders, change production quantities or locations, or delay production, any of which could harm our business; the short-term nature of our customers’ commitments and rapid changes in demand may cause supply chain and other issues which could adversely affect our operating results.
  • A significant percentage of our sales come from a small number of customers and a decline in sales to any of these customers could adversely affect our business.
  • Supply chain disruptions, manufacturing interruptions or delays, or the failure to accurately forecast customer demand, could affect our ability to meet customer demand, lead to higher costs, or result in excess or obsolete inventory. We have been and continue to be adversely affected by supply chain issues, including shortages of required electronic components.
  • The ongoing COVID-19 pandemic has materially and adversely affected our business and results of operations. The duration and extent to which it will continue to adversely impact our business and results of operations remains uncertain and could be material.
  • Our components business is dependent on our ability to quickly launch world-class component products, and our investment in the development of our component capabilities, together with start-up and integration costs, may adversely affect our margins and profitability.
  • Our margins and profitability may be adversely affected due to substantial investments, start-up and production ramp costs in our design services.
  • If we do not effectively manage changes in our operations, our business may be harmed; we have taken substantial restructuring charges in the past and we may need to take material restructuring charges in the future.
  • A breach of our IT or physical security systems, or violation of data privacy laws, may cause us to incur significant legal and financial exposure.
  • Our strategic relationships with major customers create risks.
  • We may encounter difficulties with acquisitions and divestitures, which could harm our business.
  • We are pursuing alternatives for our Nextracker business, including a full or partial separation of the business, through an initial public offering of Nextracker or otherwise, which may not be consummated as or when planned or at all, and may not achieve the intended benefits.
  • Our operating results may fluctuate significantly due to seasonal demand.
  • We depend on our executive officers and skilled personnel.
  • Catastrophic events could have a material adverse effect on our operations and financial results.
  • Our business could be adversely affected by any delays, or increased costs, resulting from issues that our common carriers are dealing with in transporting our materials, our products, or both.
  • We depend on industries that continually produce technologically advanced products with short product lifecycles and our business would be adversely affected if our customers' products are not successful or if our customers lose market share.
  • Our industry is extremely competitive; if we are not able to continue to provide competitive services, we may lose business.
  • Our goodwill and identifiable intangible assets could become impaired, which could reduce the value of our assets and reduce our net income in the year in which the write-off occurs.
  • Our debt level may create limitations.
  • Our exposure to financially troubled customers or suppliers may adversely affect our financial results.
  • The market price of our ordinary shares is volatile.
  • We are subject to risks associated with investments.
  • Changes in financial accounting standards or policies have affected, and in the future may affect, our reported financial condition or results of operations.
  • We conduct operations in a number of countries and are subject to the risks inherent in international operations.
  • Fluctuations in foreign currency exchange rates could increase our operating costs.
  • Legal and Regulatory Risks
  • We are subject to risks relating to litigation and regulatory investigations and proceedings, which may have a material adverse effect on our business.
  • If our compliance policies are breached, we may incur significant legal and financial exposure.
  • If our products or components contain defects, demand for our services may decline and we may be exposed to product liability and product warranty liability.
  • We are subject to the risk of increased income taxes.
  • We may not meet regulatory quality standards applicable to our manufacturing and quality processes for medical devices, which could have an adverse effect on our business, financial condition or results of operations.
  • Our failure to comply with environmental laws could adversely affect our business.
  • Failure to comply with domestic or international employment and related laws could result in the payment of significant damages, which would reduce our net income.
  • Our business could be impacted as a result of actions by activist shareholders or others.
  • Social and environmental responsibility policies and provisions may be difficult to comply with and may impose costs on us. Increasing attention on environmental, social and governance (ESG) matters may have a negative impact on our business, impose additional costs on us, and expose us to additional risks.
  • Climate change, and the legal and regulatory initiatives related to climate change, could adversely affect our business, results of operations and financial condition.
  • The success of certain of our activities depends on our ability to protect our intellectual property rights; claims of infringement or misuse of intellectual property and/or breach of license agreement provisions against our customers or us could harm our business.
Management Discussion
  • For a discussion of our results of operations for the fiscal year ended March 31, 2021 compared to the fiscal year ended March 31, 2020, refer to Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2021.
  • The data below, and discussion that follows, represents our results from operations.
  • Net sales for the fiscal year ended 2022 totaled $26.0 billion, representing an increase of $1.9 billion, or approximately 8%, from $24.1 billion for the fiscal year ended 2021. Net sales for our FAS segment increased $0.5 billion, or 4%, from the

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accurately, circular, conflict, Device, diversified, energy, escalating, fail, failure, gas, geopolitical, greenhouse, healthcare, inflation, inflationary, intelligent, invasion, lifecycle, low, occurrence, overcoming, prudent, recalculate, recast, replaced, replacing, responding, Russia, Russian, sky, solar, solution, sun, swing, tracker, Ukraine, unrounded, upward, usage, workplace
Removed: accommodate, added, adding, addressed, affirmative, agree, air, alleging, allocating, amend, amending, American, analyst, answering, application, appointed, appointing, appointment, ASC, asserting, assertion, attending, attention, back, bad, bankruptcy, behalf, border, buying, calculating, calculation, California, cease, Chapter, charge, Clarification, clarified, Clarifying, Code, Codification, commit, complaint, complementary, conclude, consisted, consistency, constrained, correcting, Costa, counsel, created, curtailed, cycle, defend, defense, dependent, direct, disagreed, disciplined, discontinued, disruptive, distancing, distribution, District, divert, downturn, efficiency, Emerging, ensure, entity, environmental, exclude, exist, expanded, favorable, Force, fourth, gave, governmental, group, guarantee, Habilitation, half, Hedging, holiday, impairment, implemented, improvement, inability, indirect, intend, involve, IP, irrespective, isolated, Joint, judgment, led, legally, length, likelihood, limiting, macroeconomic, Mexico, mitigate, motion, natural, North, Northern, notice, October, opening, organic, organized, outbreak, party, passed, penalty, people, perform, performing, person, plaintiff, pledge, political, port, postpone, preceding, prejudice, procure, productivity, promulgated, prospective, protect, protection, provision, putative, quantify, raw, realized, Receita, receive, recession, recognizing, reconfigure, recover, referencing, refining, reinforced, renewable, reopened, reply, Republic, reputation, request, requested, reserve, restricting, resurgence, revised, Rica, ruled, ruling, satisfy, seeking, semiconductor, serviced, settle, shipped, Simplifying, skilled, social, state, statute, stronger, subsection, subsided, substitute, SunEdison, supersede, Supreme, suspending, Task, termination, terminology, thereunder, tightening, toll, tolling, transport, travel, Trust, trustee, ultimate, unanticipated, unduly, unemployment, unpredictable, vacated, vendor, volatility, worldwide, writing

Patents

Utility
Self-powered solar tracker apparatus
9 Aug 22
A solar tracker apparatus includes an adjustable hanger assembly that has a clam shell hanger assembly.
Utility
Method for controlling the orientation of a solar module with two photoactive faces
26 Jul 22
A method for controlling the orientation of a solar module including a single-axis solar tracker orientable about an axis of rotation, and a photovoltaic device supported by said tracker and having upper and lower photoactive faces, including: measurement of a distribution of the solar luminance called incident luminance originating from the incident solar radiation coming from the sky to reach the upper face, said distribution being established according to several elevation angles; measurement of a distribution of the solar luminance called reflected luminance originating from the albedo solar radiation corresponding to the reflection of the solar radiation on the ground to reach the lower face, said distribution being established according to several elevation angles; determination of an optimum orientation considering the measurements of said distributions of the incident and reflected solar luminance; servo-control of the orientation of the module on said optimum orientation.
Utility
Off-set drive assembly for solar tracker
19 Jul 22
In an example, the present invention provides a solar tracker apparatus configured with an off-set drive assembly.
Utility
Multi power source systems for photovoltaic battery control
19 Jul 22
A multi-power source system including a first power source, a second power source in a parallel with the first power source, and a diode preventing power from the second power source to drive the first power source but permitting the first power source to charge the second power source.
Utility
Adjusting Instrument
14 Jul 22
Adjusting instrument for an exterior vision unit, comprising: a base shaft, a housing surrounding the base shaft, which is pivotable around a longitudinal axis of the base shaft in an adjustment range, wherein the housing is provided with a housing ring, and a drive ring surrounding the base shaft.