| Intrinsic Valuation of: FLEX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $18B | |||||
| 2021 | - | - (-) | P/E Ratio | 23 | Total Asset | $18B | |||||
| 2022 | $581M | - (-) | Net Income | $838M | Total Debt | $2B | |||||
| 2023 | $315M | -45.8% (-53.1%) | EBITDA | $2B | Total Liab | $13B | |||||
| 2024 | $796M | 152.7% (172.7%) | Opr Margin | 0.05 | Debt/Equity | 0.50 | |||||
| 2025 | $1B | 34.0% (37.2%) | PreTax Margin | 3.75 | BV/Share | 9 | |||||
| 5Y Average FCF | $690M | 47.0% (52.3%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $19 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $4B | ||||||||||
| Terminal Value | $85B | Net Worth/Share | $13 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $66B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $177 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $2B | WACC | 7.3% | 154 | 166 | 181 | 199 | 222 | |||
| Equity Value | $66B | 7.4% | 152 | 164 | 179 | 197 | 219 | ||||
| Shares Outstanding | 373,703,008 | 7.4% | 151 | 163 | 177 | 194 | 216 | ||||
| 7.9% | 138 | 148 | 159 | 173 | 190 | ||||||
| DCF Intrinsic Value | $177 | 8.4% | 127 | 135 | 144 | 156 | 169 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||