Flex Ltd Intrinsic Value – FLEX LTD Reports First Quarter Fiscal Year 2024 Earnings Results for Period Ending June 30 2023
August 7, 2023
🌥️Earnings Overview
FLEX LTD ($NASDAQ:FLEX) reported their fiscal year 2024 Q1 earnings results ending June 30 2023, on July 26 2023. Total revenue for the quarter was USD 7336.0 million, a 0.1% decrease compared to the same quarter the previous year. Net income for the quarter was USD 186.0 million, a 1.6% decline from the same period last year.
Price History
The company’s overall performance was modest, with stock prices opening Wednesday at 28.4 and closing at 28.3, down 0.5% from the previous closing price of 28.4. The company faced some significant challenges during the first quarter, such as rising costs and competition in the market place. Despite these challenges, FLEX LTD was able to remain on track and meet their performance targets for the quarter.
They also managed to increase their customer base and expand their presence in new markets, which will bode well for the company’s future performance. Overall, FLEX LTD’s first quarter fiscal year 2024 earnings results were largely in line with expectations and they can look forward to a promising future ahead as they continue to make strides in their market segment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Flex Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 30.34k | 790 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flex Ltd. More…
| Operations | Investing | Financing |
| 918 | -670 | -274 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flex Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.94k | 15.15k | 12.19 |
Key Ratios Snapshot
Some of the financial key ratios for Flex Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | 43.4% | 4.0% |
| FCF Margin | ROE | ROA |
| 0.7% | 14.1% | 3.6% |
Analysis – Flex Ltd Intrinsic Value
At GoodWhale, we recently conducted an analysis of FLEX LTD‘s wellbeing. This included assessing their intrinsic value, based on our proprietary Valuation Line. Our analysis revealed that the intrinsic value of FLEX LTD’s share is $21.9. However, at the time of writing, FLEX LTD’s stock is being traded at $28.3 – a significant 29.0% overvaluation in comparison to its intrinsic value. More…
Peers
Flex Ltd, Jabil Inc, Horng Tong Enterprise Co Ltd, and Nishoku Technology Inc are all companies that specialize in the manufacturing of flex and printed circuit boards. These companies all have different strengths and weaknesses, but Flex Ltd is considered to be the leader in this industry.
– Jabil Inc ($NYSE:JBL)
Jabil Inc is a company that provides electronic manufacturing services. It has a market cap of 8.8B as of 2022 and a Return on Equity of 35.94%. The company has been in business for over 50 years and provides services to a variety of industries, including healthcare, aerospace, and automotive. Jabil is a publicly traded company and its shares are listed on the Nasdaq Stock Market.
– Horng Tong Enterprise Co Ltd ($TPEX:5271)
Horng Tong Enterprise Co Ltd is a company that manufactures and sells plastic products. The company has a market cap of 255.78M as of 2022 and a Return on Equity of -10.15%. The company’s products include buckets, mops, and other plastic products.
– Nishoku Technology Inc ($TWSE:3679)
Nishoku Technology Inc is a Japanese company that manufactures and sells electronic and electrical products. It has a market cap of 5.44B as of 2022 and a Return on Equity of 11.41%. The company’s products include semiconductors, integrated circuits, transistors, and diodes.
Summary
FLEX LTD reported their first quarter results for their fiscal year 2024 ending June 30 2023. Total revenue came in at USD 7336.0 million, a slight decrease of 0.1% year over year, while net income decreased by 1.6%. Investors should take these results into consideration when analyzing the performance of FLEX LTD stock.
Although total revenue decreased, the slight drop may not be reflective of the company’s actual performance and may be attributed to unfavorable market conditions. Investors should closely monitor the stock as any positive news or developments may result in a stock price increase.
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