---
title: Flex (FLEX) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/flex
ticker: FLEX
as_of: 2026-10-17
sector: Technology
industry: Hardware, Equipment & Parts
---
# Flex (FLEX)

Flex (FLEX) closed at $90.46 on Oct 16, 2026, overvalued by 54% vs its model value of $58.68 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $90.46 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $58.68 |
| Price vs model | overvalued by 54% vs model |
| Range of that model | $39.64 – $104.01 |
| Market value | $33.4B |
| P/E (fiscal 2026) | 38.8 |
| Net margin (fiscal 2026) | 3.2% |
| Free cash flow (fiscal 2026) | $1.1B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.66 |
| Cost of capital (WACC) | 10.38% |
| Business classification | Mature & Stable (Low/slowing growth (~3% recent), Thin margins (3.2% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Best performing this year | #46 | +49.7% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $58.68 | $39.64 | $104.01 |
| DCF · Perpetuity growth · 10y | cross check | $83.69 | $55.91 | $150.06 |
| DCF · EBITDA exit · 5y | cross check | $115.49 | $79.80 | $157.44 |
| DCF · EBITDA exit · 10y | cross check | $146.82 | $96.79 | $213.55 |
| P/E · peers | cross check | $99.40 | $82.00 | $109.29 |
| P/E · own history | cross check | $53.12 | $44.46 | $83.58 |
| PEG | sanity check | $117.54 | $117.54 | $117.54 |
| EV/EBITDA · peers | cross check | $82.05 | $73.96 | $114.15 |
| EV/Revenue · peers | cross check | $77.28 | $67.81 | $140.80 |
| Earnings power value | cross check | $11.63 | $9.71 | $14.20 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 5 open-market sales ($332,352.4); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 24, 2026 | Oliver George | Director | Grant / award | 1,802 | $0 |
| Sep 24, 2026 | Eubanks Richard M. | Director | Grant / award | 1,802 | $0 |
| Aug 18, 2026 | Hartung Michael P | Chief Commercial Officer | Open-market sell | 272 | $33,119 |
| Aug 18, 2026 | Hartung Michael P | Chief Commercial Officer | Open-market sell | 196 | $24,029.7 |
| Aug 18, 2026 | Hartung Michael P | Chief Commercial Officer | Open-market sell | 8 | $986 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 14, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/866374/000119312526421745/d166356ddefa14a.htm |
| Oct 14, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/866374/000119312526421681/d146859ddefa14a.htm |
| Oct 14, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/866374/000119312526421059/d147467ddefa14a.htm |
| Oct 14, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.01 Completion of Acquisition/Disposition; 2.03 Creation of a Direct Financial Obligation; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/866374/000119312526421058/d147467d8k.htm |
| Oct 13, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/866374/000119312526419604/d176927ddefa14a.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Loeb | 2026-06-30 | 1,030,000 | $166.9M |
| Bridgewater | 2026-06-30 | 34,390 | $5.6M |
| First Eagle | 2026-06-30 | 16,568 | $2.7M |
| Lee Ainslie | 2026-06-30 | 5,289 | $857,188 |

4 tracked managers in all.

## About

Flex Ltd. is a global provider offering extensive design, engineering, manufacturing, and supply chain management solutions to original equipment manufacturers (OEMs) across Asia, the Americas, and Europe. Its operations are structured into three primary segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company specializes in a range of cross-industry technologies, such as human-machine interfaces, Internet of Things (IoT) platforms, advanced power solutions, sensor fusion, and smart audio systems. A significant offering includes integrated solar tracker and software solutions tailored for utility-scale and ground-mounted distributed generation solar projects. Flex also delivers value-added design and engineering support, alongside comprehensive systems assembly and manufacturing services. These encompass enclosure fabrication, rigorous testing…

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Source: https://sweetvaluelab.com/stocks/flex (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.