Vmbook Online ordering
Flextronics International Ltd
I assume you are referring to Flex Ltd, a company that trades on the NASDAQ stock exchange under the ticker symbol FLEX. Flex is a technology company that designs, manufactures, and distributes printed circuit boards and electromechanical components and subsystems. The company serves a diverse range of end markets, including automotive, industrial, computing, communications, medical, and consumer electronics.
In terms of financial performance, Flex reported revenue of $24.4 billion in 2020, representing a decrease of 5% compared to the previous year. However, the company's net income increased by 38% to $655 million in 2020. Earnings per share (EPS) came in at $3.20, up from $2.31 in 2019.
Looking at growth, Flex has been investing in strategic acquisitions and new technology platforms to expand its capabilities and address new market opportunities. For instance, the company recently acquired Calumet Electronics, a U.S.-based manufacturer of high-reliability circuit cards and assemblies for the aerospace and defense industries. This acquisition enhances Flex's position as a leading provider of mission-critical solutions in the high-reliability segment.
Flex's growth strategy is also focused on capitalizing on key market trends, including the increasing demand for intelligent devices, automotive electrification, and the deployment of 5G networks. The company is working with customers to develop innovative solutions that address these trends and provide competitive advantages.
In terms of valuation, Flex's stock trades at a trailing 12-month price-to-earnings (P/E) ratio of 14.9x, which is below the industry average. The company's forward P/E ratio is 11.2x, indicating that the market expects Flex's earnings to grow in the future. Flex's dividend yield is currently 2.2%, making it an attractive option for income-focused investors.
Overall, Flex is a well-established player in the printed circuit board and electromechanical components market, with a strong track record of financial performance and a compelling growth strategy. However, like any investment, it is important to carefully evaluate Flex's financials, valuation, and industry trends to determine if it is a good fit for your portfolio.