FLEX LTD. (FLEX)
Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment consists of Communications, Enterprise and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure, Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices including mobile and high velocity consumer devices. The Flex Reliability Solutions segment consists of Automotive, including autonomous, connectivity, electrification, and smart technologies, Health Solutions, including medical devices, medical equipment and drug delivery, Industrial, including capital equipment, industrial devices, and Renewable, including NEXTracker business, grid edge, and power systems. The company was founded by Joe McKenzie and Barbara-Ann McKenzie in 1969 and is headquartered in Austin, TX.
Address
2 CHANGI SOUTH LANE
SINGAPORE, U0 486123
Founded
1990
Number of Employees
148,115
Website
http://www.flex.com
Buyback
| Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $ Amount Purchased ($ in 000s) |
$398,520 | $461,387 | $342,276 | $269,949 | $123,964 | $238,114 | $124,486 | $726,177 | $398,397 | $824,486 | $974,204 | $443,815 |
| Average Price | $9.94 | $11.44 | $12.35 | $16.36 | $11.12 | $10.44 | $12.66 | $18.12 | $16.65 | $25.12 | $27.79 | $16.25 |
| # Shares Purchased | 40,093,415 | 40,341,833 | 27,724,589 | 16,503,536 | 11,151,904 | 22,812,906 | 9,830,046 | 40,073,741 | 23,929,364 | 32,818,068 | 35,057,902 | 27,303,391 |
| Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Return to Date | 191.8% | 153.6% | 134.9% | 77.3% | 160.9% | 177.8% | 129.0% | 60.0% | 74.2% | 15.4% | 4.4% | 78.4% |
| S&P 500 Return to Date | 181.9% | 173.0% | 168.6% | 129.7% | 104.9% | 93.1% | 74.8% | 31.7% | 37.3% | 31.3% | 7.4% | 94.0% |
| Excess Total Return | 9.9% | -19.4% | -33.7% | -52.4% | 56.0% | 84.7% | 54.2% | 28.4% | 36.9% | -15.9% | -3.0% | -15.6% |
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| Percentile Rank | 74% | 70% | 67% | 63% | 83% | 86% | 80% | 81% | 88% | 55% | 50% | 80% |
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