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	$51B
	2021		-	- (-)		P/E Ratio	59		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	4.59		Debt/Equity	0.50
	2025		$1B	34.0% (37.2%)		PreTax Margin	3.75		BV/Share	9
	5Y Average FCF		$690M	15.0% (52.3%)
						Overall Market Assumptions:
	Assumptions:					P/E for No-Growth Company:			7.0
	Perpetual Growth Rate (g):	2.48%				Historical US Bond Yield:			4.40%
	Discount Rate (WACC):	11.25%				Current US Bond Yield:			3.48%
	Forcasting Future Free Cash Flow for next 6Y					Modified Benjamin Graham's Intrinsic Value
	Year		FCF Projection (15.0%)
	2026		$1B			MBG Intrinsic Value			$21
	2027		$1B
	2028		$1B
	2029		$1B
	2030		$2B
	2031		$2B
	Terminal Value		$18B			Net Worth/Share			$14
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$15B				Growth Rate
	(+) Cash & Cash Equivalents	$2B			$41	1.5%	2.0%	2.5%	3.0%	3.5%
	(-) Total Debt	$2B		WACC	9.2%	49	51	54	57	61
	Equity Value	$15B			10.2%	43	45	47	49	52
	Shares Outstanding	367,673,924			11.2%	38	40	41	43	45
					12.2%	34	36	37	38	40
	DCF Intrinsic Value	$41			13.2%	31	32	33	34	35
Analyzed by QuantJuice (2025)