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Flex is the advanced, end-to-end manufacturing partner of choice that helps a diverse customer base design, build, deliver and manage products that improve the world. Through the collective strength of a global workforce across approximately 30 countries with responsible, sustainable operations, we deliver technology innovation, supply chain, and manufacturing solutions to diverse industries an…
$119.25
$1.87 (-1.54%)
EOD Jul 17, 2026
Operating margin is thin at 4.90%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 8.1%, steady but not accelerating.
At 51x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
51.2x earnings, 42.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$27.91B
▲ +8.1% YoY
Net Income (TTM)
$880M
▲ +5.0% YoY
Op. Margin
4.90%
▲ +0.4pp YoY
ROIC
11.70%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.05B
▼ -1.4% YoY
Op. Cash Flow (TTM)
$1.69B
▲ +12.0% YoY
Net Debt
$2.08B
Cash & Equiv.
$2.39B
5Y CAGR: +3.0%
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At a P/E of 51.2 and a price-to-free-cash-flow of 42.8, Flex (FLEX) trades above a two-stage DCF intrinsic value of about $85.68 per share, so at $119.25 the stock looks overvalued (28.2% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Flex scores 59/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $85.68 per share for FLEX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $64.26. At today's $119.25, that puts the stock about 28.2% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Flex scores 59 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 4.9% operating margin and a 11.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. FLEX currently trades above its estimated intrinsic value and scores 59/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.