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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Why Flex (FLEX) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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Flex (FLEX)

Singapore-based Flex Ltd (formerly known as Flextronics International Ltd) is a provider of “Sketch-to-Scale” services to original equipment manufacturers (OEMs). The company provides end-to-end services i.e. designing, engineering, manufacturing, as well as supply chain services & solutions.

FLEX is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 9.1X for the current fiscal year compared to the Electronics - Miscellaneous Products industry's P/E of 17.3X. Additionally, FLEX has a PEG Ratio of 0.7 and a Price/Cash Flow ratio of 6.8X. Value investors should also note FLEX's Price/Sales ratio of 0.3X.

Many value investors pay close attention to a company's earnings as well. For FLEX, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $2.28 per share for 2023. Per share FLEX boasts an average earnings surprise of 18.5%.

FLEX should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.

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Flex Ltd. (FLEX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research