Discounted Cash Flow

Flex Ltd.

FLEX · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $23.9b $319.6m $624.8m 1.3% $0.59
2018 $25.4b (6.6%) $428.5m (34.1%) $191.6m (-69.3%) 1.7% (25.8%) $0.81 (37.3%)
2019 $26.2b (3.0%) $93.4m (-78.2%) $-3.7b (-2029.3%) 0.4% (-78.8%) $0.18 (-77.8%)
2020 $24.2b (-7.6%) $87.6m (-6.2%) $-2.0b (46.0%) 0.4% (1.5%) $0.17 (-5.6%)
2021 $24.1b (-0.4%) $613.0m (599.9%) $-207.0m (89.6%) 2.5% (602.4%) $1.23 (623.5%)
2022 $26.0b (7.9%) $936.0m (52.7%) $581.0m (380.7%) 3.6% (41.5%) $1.38 (12.1%)
2023 $30.3b (16.5%) $793.0m (-15.3%) $315.0m (-45.8%) 2.6% (-27.3%) $1.13 (-18.0%)
2024 $26.4b (-13.0%) $1.0b (26.9%) $796.0m (152.7%) 3.8% (45.7%) $2.00 (76.9%)
2025 $25.8b (-2.3%) $838.0m (-16.7%) $1.1b (34.0%) 3.2% (-14.8%) $2.14 (7.0%)
2026 $27.9b (8.1%) $880.0m (5.0%) $1.1b (-1.4%) 3.2% (-2.9%) $2.37 (10.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model