FLEX Flex Ltd.

technology · 2026-10-09

N/A

fair · 63

Owner-earnings value$22.51

Price$114.74

Margin of safety -80.4%

Returns on capital 10.4/30

Consistency 20.1/22

Margins / pricing power 5.6/16

Balance sheet 11.2/16

Cash conversion 9.6/10

Capital allocation 6/6

Median ROIC9.9%

Gross margin9.2%

Net debt / EBITDA1.0x

FCF conversion92%

Share count / yr-6.7%

Profitable years4/4

Owner earnings (TTM)	880.00M
Owner-earnings yield	2.1%
Free-cash-flow yield	2.5%
Growth used (normalized)	0.0%
Market-implied growth (reverse DCF)	25.0%
Terminal growth	3.0%
Discount rate (hurdle)	12.7%

Yr	Owner earnings	Growth	PV
1	880.00M	0.0%	780.89M
2	882.93M	0.3%	695.25M
3	888.82M	0.7%	621.06M
4	897.71M	1.0%	556.62M
5	909.68M	1.3%	500.52M
6	924.84M	1.7%	451.55M
7	943.34M	2.0%	408.71M
8	965.35M	2.3%	371.14M
9	991.09M	2.7%	338.12M
10	1.02B	3.0%	309.04M

⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.

Date	Quality	Price	Value	MoS	Rating
2026-10-09	63	$114.74	$22.51	-80.4%	N/A
2026-08-28	63	$115.30	$23.75	-79.4%	N/A
2026-07-20	63	$119.25	$24.79	-79.2%	N/A
2026-07-02	63	$153.53	$24.82	-83.8%	N/A
2026-06-25	63	$150.72	$25.02	-83.4%	N/A
2026-06-23	63	$151.85	$24.77	-83.7%	N/A