Flex (FLEX)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $42.8B, Flex's free cash flow of $1.1B (fiscal 2026) would need to grow about 14% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 4 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Flex's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from FLEX's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Flex's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $24.6B | $28.5B | $26.4B | $25.8B | $27.9B |
| Net income | $936M | $793M | $1.0B | $838M | $880M |
| Free cash flow | $581M | $315M | $796M | $1.1B | $1.1B |
| EPS (diluted) | $1.94 | $1.72 | $2.28 | $2.11 | $2.33 |
| Operating margin | 3.6% | 3.6% | 3.2% | 4.5% | 4.9% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own FLEX
From each investor's latest 13F filing (what a 13F shows). 11 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| PRIMECAP Management PRIMECAP Management Co |
Trimmed | $3.8B | 2.2% | Q2 2026 |
| Andrew Wellington Lyrical Asset Management |
Trimmed | $751M | 9.5% | Q2 2026 |
| Dan Loeb Third Point LLC |
New position | $167M | 3.6% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $155M | 0.05% | Q2 2026 |
| Jay Petschek Corsair Capital Management |
New position | $49M | 6.1% | Q2 2026 |
| Charles Brandes Brandes Investment Partners, LP |
Trimmed | $47M | 0.33% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $28M | 0.02% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
New position | $6M | 0.02% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Trimmed | $3M | 0.00% | Q2 2026 |
| Lee Ainslie Maverick Capital |
New position | $857,188 | 0.01% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $530,779 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Flex's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
What growth does Flex's stock price imply?
At a market value of $42.8B, Flex would need its free cash flow to grow about 14% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 4 years its free cash flow grew 16% a year.
Are Flex insiders buying the stock?
No open-market insider purchases of FLEX in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Flex?
11 of the superinvestors Investingly tracks hold FLEX in their latest 13F, including PRIMECAP Management, Andrew Wellington, Dan Loeb.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.