What is Flex Ltd. worth?
With the base-case assumptions below, a discounted cash flow model on Flex Ltd.'s reported free cash flow gives $39.27 per share. The share price was $114.68 on September 25, 2026, 192% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -2.0% | 10.0% | $21.97 | -81% |
| Base | 3.0% | 9.0% | $39.27 | -66% |
| Bull | 8.0% | 8.0% | $71.60 | -38% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $51.50 | $55.20 | $59.72 | $65.37 | $72.64 |
| 8.0% | $42.40 | $44.80 | $47.64 | $51.04 | $55.20 |
| 9.0% | $35.74 | $37.38 | $39.27 | $41.48 | $44.09 |
| 10.0% | $30.66 | $31.82 | $33.15 | $34.66 | $36.40 |
| 11.0% | $26.65 | $27.51 | $28.46 | $29.54 | $30.76 |
Where the presets come from
Base: years 1 to 5 grow at Flex Ltd.'s revenue growth rate over the last 5 fiscal years (3.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions