Here's Why Flex (FLEX) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
Flex (FLEX)
Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and supply chain services throughout the product lifecycle development, including fulfillment, after-market support, and circular economy solutions.
FLEX sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of B. Compared to the Electronics - Miscellaneous Products industry's P/E of 20.7X, shares of Flex are trading at a forward P/E of 11.1X. FLEX also has a PEG Ratio of 1, a Price/Cash Flow ratio of 8.3X, and a Price/Sales ratio of 0.4X.
A company's earnings performance is important for value investors as well. For fiscal 2024, three analysts revised their earnings estimate higher in the last 60 days for FLEX, while the Zacks Consensus Estimate has increased $0.04 to $2.47 per share. FLEX also holds an average earnings surprise of 12.6%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding FLEX to their portfolios.
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Flex Ltd. (FLEX) : Free Stock Analysis Report
