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Here's How Much You'd Have If You Invested $1000 in Flex a Decade Ago
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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Flex (FLEX - Free Report) ten years ago? It may not have been easy to hold on to FLEX for all that time, but if you did, how much would your investment be worth today?
Flex's Business In-Depth
With that in mind, let's take a look at Flex's main business drivers.
Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfilment, and circular economy solutions.
The company believes that growing complexity in markets, goods, and environmental, social, and governance ("ESG") standards will propel expansion in the contract manufacturing services sector.
The company has expanded and enhanced its service offering by capabilities in software, robotics, artificial intelligence, factory automation, simulation, digital twins, and other disruptive technologies
The company reports revenue in three segments - Flex Agility Solutions Group (FAS), Flex Reliability Solutions (FRS) Group and Nextracker.
Flex Agility Solutions Group comprises Communications & Enterprise Compute or CEC, Lifestyle and Consumer Devices businesses. The FAS segment is optimized for speed to market, based on a highly flexible supply and manufacturing system.
Flex Reliability Solutions Group comprises Health Solutions, Automotive and Industrial businesses. The FRS category is designed to accommodate longer product lifecycles, which call for intricate ramps, specialised manufacturing models, and crucial conditions.
Nextracker is a leading provider of solar tracker and software solutions for utility-scale and ground-mounted solar projects worldwide. In February 2023, Nextracker announced its initial public offering of 23,255,814 shares of its common stock. In January, 2024, the company announced that it had completed the spin-off of all its remaining interest in Nextracker to its shareholders (on a pro-rata basis)
Post the spin-off of Nextracker in the fourth-quarter fiscal 2024, its historical financials are now reported under discontinued operations.
In first-quarter fiscal 2025, revenues totaled $6.3 billion. Flex Agility Solutions represented 53% of total revenues and Reliability Solutions Group contributed 47%.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Flex, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in July 2014 would be worth $2,961.14, or a 196.11% gain, as of July 31, 2024, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 175.95% and gold's return of 80.34% over the same time frame.
Analysts are forecasting more upside for FLEX too.
Flex’s fiscal first-quarter performance was aided by solid momentum in automotive, cloud and data center power. Health Solutions’ business is gaining from advanced digital health/ medical device demand amid softness in the medical equipment market. New wins and accelerating content growth amid soft EV trends are powering the automotive unit. Its share buyback policy is noteworthy. Synergies from the acquisition of FreeFlow is a tailwind. However, affected by weak macro trends in core industrial, revenues in the Reliability Solutions are likely to be down high single-digit to mid-teens in the fiscal second quarter. A slowdown in enterprise IT will keep Agility Solutions revenues flat to slightly down in the fiscal second quarter. Rising global tax rates and a dynamic macro backdrop remain woes.
The stock is up 6.01% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 3 higher, for fiscal 2024. The consensus estimate has moved up as well.
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Here's How Much You'd Have If You Invested $1000 in Flex a Decade Ago
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Flex (FLEX - Free Report) ten years ago? It may not have been easy to hold on to FLEX for all that time, but if you did, how much would your investment be worth today?
Flex's Business In-Depth
With that in mind, let's take a look at Flex's main business drivers.
Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) has a diverse workforce across 30 countries and offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfilment, and circular economy solutions.
The company believes that growing complexity in markets, goods, and environmental, social, and governance ("ESG") standards will propel expansion in the contract manufacturing services sector.
The company has expanded and enhanced its service offering by capabilities in software, robotics, artificial intelligence, factory automation, simulation, digital twins, and other disruptive technologies
The company reports revenue in three segments - Flex Agility Solutions Group (FAS), Flex Reliability Solutions (FRS) Group and Nextracker.
Flex Agility Solutions Group comprises Communications & Enterprise Compute or CEC, Lifestyle and Consumer Devices businesses. The FAS segment is optimized for speed to market, based on a highly flexible supply and manufacturing system.
Flex Reliability Solutions Group comprises Health Solutions, Automotive and Industrial businesses. The FRS category is designed to accommodate longer product lifecycles, which call for intricate ramps, specialised manufacturing models, and crucial conditions.
Nextracker is a leading provider of solar tracker and software solutions for utility-scale and ground-mounted solar projects worldwide. In February 2023, Nextracker announced its initial public offering of 23,255,814 shares of its common stock. In January, 2024, the company announced that it had completed the spin-off of all its remaining interest in Nextracker to its shareholders (on a pro-rata basis)
Post the spin-off of Nextracker in the fourth-quarter fiscal 2024, its historical financials are now reported under discontinued operations.
In first-quarter fiscal 2025, revenues totaled $6.3 billion. Flex Agility Solutions represented 53% of total revenues and Reliability Solutions Group contributed 47%.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Flex, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in July 2014 would be worth $2,961.14, or a 196.11% gain, as of July 31, 2024, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 175.95% and gold's return of 80.34% over the same time frame.
Analysts are forecasting more upside for FLEX too.
Flex’s fiscal first-quarter performance was aided by solid momentum in automotive, cloud and data center power. Health Solutions’ business is gaining from advanced digital health/ medical device demand amid softness in the medical equipment market. New wins and accelerating content growth amid soft EV trends are powering the automotive unit. Its share buyback policy is noteworthy. Synergies from the acquisition of FreeFlow is a tailwind. However, affected by weak macro trends in core industrial, revenues in the Reliability Solutions are likely to be down high single-digit to mid-teens in the fiscal second quarter. A slowdown in enterprise IT will keep Agility Solutions revenues flat to slightly down in the fiscal second quarter. Rising global tax rates and a dynamic macro backdrop remain woes.
The stock is up 6.01% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 3 higher, for fiscal 2024. The consensus estimate has moved up as well.