We publish no single base value for Flex Ltd. Our valuation methods put it between $51.33 and $74.37 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $74.37 | -4.8% | free cash flow $1.03bn, growth 17.55% for 5 years, then fading to 3% over 5 more, discounted at 11.56%; stress floor $36.44 |
| Exit multiple (P/E) | $51.33 | -34.3% | earnings per share $5.06 valued at 10.41× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 1.80 (5 years of monthly returns against the S&P 500; standard error 0.33) |
| Peer beta | 1.32 (median of 73 S&P 500 Information Technology companies) |
| Blend of own and peers | 1.64 (67% own, 33% peers, weighted by how precisely the company's own beta is measured) |
| Adjusted beta | 1.43 (0.67 × 1.64 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 11.56% |
Free cash flow grows 17.55% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $1.03bn | — | — |
| Year 1 | 17.55% | $1.21bn | 0.8963 | $1.08bn |
| Year 2 | 17.55% | $1.42bn | 0.8034 | $1.14bn |
| Year 3 | 17.55% | $1.67bn | 0.7201 | $1.20bn |
| Year 4 | 17.55% | $1.96bn | 0.6455 | $1.26bn |
| Year 5 | 17.55% | $2.30bn | 0.5786 | $1.33bn |
| Year 6 | 15.12% | $2.65bn | 0.5186 | $1.37bn |
| Year 7 | 12.70% | $2.99bn | 0.4648 | $1.39bn |
| Year 8 | 10.27% | $3.29bn | 0.4167 | $1.37bn |
| Year 9 | 7.85% | $3.55bn | 0.3735 | $1.33bn |
| Year 10 | 5.43% | $3.75bn | 0.3347 | $1.25bn |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (11.56% − 3%) | $45.05bn |
| Terminal value in today's money | $15.08bn |
| Present value of years 1–10 | $12.73bn |
| Total present value | $27.82bn |
| Shares outstanding | 374.00m |
| Value per share = total ÷ shares | $74.37 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth 12.55% | Growth 17.55% | Growth 22.55% |
|---|---|---|---|
| 10.56% | — | $85.80 | $113.32 |
| 11.56% | — | $74.37 | $97.75 |
| 12.56% | — | $65.41 | $85.55 |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 1.80 | 13.23% | $60.45 |
| Peer beta | 1.32 | 11.07% | $79.66 |
| Adjusted beta (used) | 1.43 | 11.56% | $74.37 |
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $5.06 |
| Year 1 | 17.55% | $5.94 |
| Year 2 | 13.19% | $6.73 |
| Year 3 | 10.13% | $7.41 |
| Year 4 | 7.99% | $8.00 |
| Year 5 | 6.49% | $8.52 |
| Earnings per share in year 5 | $8.52 |
| Exit P/E (the stock's own median P/E) | 10.41× |
| Value in 5 years = earnings × P/E | $88.71 |
| Discounted at 11.56% over 5 years: ÷ 1.7284 | $51.33 |
We publish no single base value for Flex Ltd. Our valuation methods put it between $51.33 and $74.37 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
One-year price simulation: a 10% chance the price is below $22.99 and a 10% chance it is above $176.53 in a year; a 40% chance it is higher than today's $78.12, from 79.13% volatility. The simulation assumes the price drifts up at our discount rate of 11.56% a year.
At $78.12 the price implies free cash flow growing 18.4% a year for five years and then fading toward 3% over five more; its revenue has grown 17.6%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $116.61 | — |
| 9 Oct 2026 | $119.83 | — |
| 16 Oct 2026 | $90.46 | $40.86 |
| 23 Oct 2026 | $76.55 | $40.30 |
| 30 Oct 2026 | $86.48 | — |
| 6 Nov 2026 | $69.78 | — |
| 12 Nov 2026 | $78.12 | — |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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