Flex Stock Beta

FLEX Stock  USD 28.61  0.02  0.07%   
Flex fundamentals help investors to digest information that contributes to Flex's financial success or failures. It also enables traders to predict the movement of Flex Stock. The fundamental analysis module provides a way to measure Flex's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Flex stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Flex Beta Analysis

Flex's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total4.7B4.3B5.0B5.2B
Total Assets19.3B21.4B24.6B25.8B

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Flex Beta

    
  1.19  
Most of Flex's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Flex is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Flex Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Flex is extremely important. It helps to project a fair market value of Flex Stock properly, considering its historical fundamentals such as Beta. Since Flex's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Flex's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Flex's interrelated accounts and indicators.
0.290.860.50.390.950.971.00.990.260.620.21-0.530.870.40.710.590.790.770.02-0.410.640.73-0.560.540.620.74-0.72
0.290.330.16-0.620.460.30.340.28-0.050.010.85-0.79-0.060.860.570.280.410.66-0.76-0.760.060.01-0.08-0.08-0.030.020.16
0.860.330.590.360.820.830.860.850.280.540.25-0.530.740.460.860.560.930.770.07-0.390.790.86-0.550.620.720.85-0.36
0.50.160.590.180.610.520.540.440.490.750.04-0.550.170.290.680.420.780.640.2-0.510.180.71-0.620.780.080.3-0.15
0.39-0.620.360.180.160.370.340.390.160.33-0.670.490.66-0.650.020.260.22-0.150.890.560.530.62-0.340.450.530.65-0.54
0.950.460.820.610.160.930.970.930.310.640.38-0.730.690.590.760.530.820.89-0.17-0.630.480.64-0.580.560.460.56-0.59
0.970.30.830.520.370.930.970.970.290.490.14-0.520.810.40.650.530.790.71-0.02-0.40.690.72-0.480.510.50.75-0.71
1.00.340.860.540.340.970.970.990.290.630.25-0.580.830.450.730.60.810.81-0.03-0.460.610.72-0.560.540.580.71-0.7
0.990.280.850.440.390.930.970.990.260.550.21-0.50.90.390.670.570.760.740.0-0.370.680.71-0.490.480.650.76-0.74
0.26-0.050.280.490.160.310.290.290.260.32-0.06-0.220.170.070.40.130.210.410.13-0.220.10.260.020.270.20.15-0.17
0.620.010.540.750.330.640.490.630.550.320.1-0.420.420.160.620.540.640.60.33-0.380.020.62-0.740.740.30.27-0.38
0.210.850.250.04-0.670.380.140.250.21-0.060.1-0.73-0.050.840.530.080.270.62-0.77-0.7-0.1-0.12-0.01-0.110.09-0.10.21
-0.53-0.79-0.53-0.550.49-0.73-0.52-0.58-0.5-0.22-0.42-0.73-0.1-0.92-0.75-0.38-0.65-0.880.640.98-0.08-0.240.39-0.3-0.03-0.080.0
0.87-0.060.740.170.660.690.810.830.90.170.42-0.05-0.10.040.440.470.540.430.280.040.750.67-0.360.370.810.84-0.77
0.40.860.460.29-0.650.590.40.450.390.070.160.84-0.920.040.670.220.530.8-0.81-0.870.120.08-0.150.070.080.060.1
0.710.570.860.680.020.760.650.730.670.40.620.53-0.750.440.670.570.870.9-0.14-0.650.440.67-0.490.60.490.54-0.13
0.590.280.560.420.260.530.530.60.570.130.540.08-0.380.470.220.570.640.540.12-0.330.30.63-0.550.40.330.51-0.33
0.790.410.930.780.220.820.790.810.760.210.640.27-0.650.540.530.870.640.80.02-0.540.610.88-0.660.710.470.7-0.27
0.770.660.770.64-0.150.890.710.810.740.410.60.62-0.880.430.80.90.540.8-0.37-0.80.310.53-0.450.470.410.39-0.27
0.02-0.760.070.20.89-0.17-0.02-0.030.00.130.33-0.770.640.28-0.81-0.140.120.02-0.370.650.190.45-0.260.440.260.33-0.22
-0.41-0.76-0.39-0.510.56-0.63-0.4-0.46-0.37-0.22-0.38-0.70.980.04-0.87-0.65-0.33-0.54-0.80.650.07-0.110.33-0.230.120.07-0.1
0.640.060.790.180.530.480.690.610.680.10.02-0.1-0.080.750.120.440.30.610.310.190.070.71-0.190.30.720.94-0.37
0.730.010.860.710.620.640.720.720.710.260.62-0.12-0.240.670.080.670.630.880.530.45-0.110.71-0.60.750.60.85-0.4
-0.56-0.08-0.55-0.62-0.34-0.58-0.48-0.56-0.490.02-0.74-0.010.39-0.36-0.15-0.49-0.55-0.66-0.45-0.260.33-0.19-0.6-0.68-0.19-0.330.3
0.54-0.080.620.780.450.560.510.540.480.270.74-0.11-0.30.370.070.60.40.710.470.44-0.230.30.75-0.680.290.43-0.25
0.62-0.030.720.080.530.460.50.580.650.20.30.09-0.030.810.080.490.330.470.410.260.120.720.6-0.190.290.78-0.38
0.740.020.850.30.650.560.750.710.760.150.27-0.1-0.080.840.060.540.510.70.390.330.070.940.85-0.330.430.78-0.48
-0.720.16-0.36-0.15-0.54-0.59-0.71-0.7-0.74-0.17-0.380.210.0-0.770.1-0.13-0.33-0.27-0.27-0.22-0.1-0.37-0.40.3-0.25-0.38-0.48
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Flex has a Beta of 1.191. This is 12.36% higher than that of the Electronic Equipment, Instruments & Components sector and 37.97% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Flex Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Flex's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Flex could also be used in its relative valuation, which is a method of valuing Flex by comparing valuation metrics of similar companies.
Flex is currently under evaluation in beta category among related companies.

Flex ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Flex's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Flex's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Flex Institutional Holders

Institutional Holdings refers to the ownership stake in Flex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Flex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Flex's value.
Shares
Bank Of America Corp2023-12-31
7.3 M
Lsv Asset Management2023-12-31
M
Massachusetts Financial Services Company2023-12-31
6.8 M
Ing Investment Management Llc2023-12-31
6.6 M
Franklin Resources Inc2023-12-31
6.5 M
Vanguard Group Inc2023-12-31
5.8 M
Nuveen Asset Management, Llc2023-12-31
5.6 M
Amvescap Plc.2023-12-31
5.5 M
Norges Bank2023-12-31
5.4 M
Primecap Management Company2023-12-31
45.1 M
Fmr Inc2023-12-31
43.3 M
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Flex will likely underperform.

Flex Fundamentals

About Flex Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Flex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Flex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Flex based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. Flex Ltd. was incorporated in 1990 and is based in Singapore. Flextronics Intl operates under Electronic Components classification in the United States and is traded on NASDAQ Exchange. It employs 172648 people.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Flex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Flex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Flex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Flex Stock:
Check out Flex Piotroski F Score and Flex Altman Z Score analysis.
For more information on how to buy Flex Stock please use our How to Invest in Flex guide.
Note that the Flex information on this page should be used as a complementary analysis to other Flex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Flex Stock analysis

When running Flex's price analysis, check to measure Flex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flex is operating at the current time. Most of Flex's value examination focuses on studying past and present price action to predict the probability of Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flex's price. Additionally, you may evaluate how the addition of Flex to your portfolios can decrease your overall portfolio volatility.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Fundamental Analysis
View fundamental data based on most recent published financial statements
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Commodity Directory
Find actively traded commodities issued by global exchanges
Equity Valuation
Check real value of public entities based on technical and fundamental data
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Is Flex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flex. If investors know Flex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Earnings Share
1.68
Revenue Per Share
66.374
Quarterly Revenue Growth
(0.08)
Return On Assets
0.0425
The market value of Flex is measured differently than its book value, which is the value of Flex that is recorded on the company's balance sheet. Investors also form their own opinion of Flex's value that differs from its market value or its book value, called intrinsic value, which is Flex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flex's market value can be influenced by many factors that don't directly affect Flex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.