Flex Ltd (FLEX) - Net Assets
Based on the latest financial reports, Flex Ltd (FLEX) has net assets worth $5.14 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.06 Billion) and total liabilities ($16.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Flex Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.14 Billion |
| % of Total Assets | 23.32% |
| Annual Growth Rate | 24.95% |
| 5-Year Change | 22.27% |
| 10-Year Change | 92.06% |
| Growth Volatility | 259.71 |
Flex Ltd - Net Assets Trend (1993–2026)
This chart illustrates how Flex Ltd's net assets have evolved over time, based on quarterly financial data. See FLEX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Flex Ltd (1993–2026)
The table below shows the annual net assets of Flex Ltd from 1993 to 2026. For live valuation and market cap data, see market value of Flex Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $5.14 Billion | +2.84% |
| 2025-03-31 | $5.00 Billion | -6.07% |
| 2024-03-31 | $5.33 Billion | -6.68% |
| 2023-03-31 | $5.71 Billion | +35.63% |
| 2022-03-31 | $4.21 Billion | +22.44% |
| 2021-03-31 | $3.44 Billion | +21.37% |
| 2020-03-31 | $2.83 Billion | -4.76% |
| 2019-03-31 | $2.97 Billion | -1.53% |
| 2018-03-31 | $3.02 Billion | +12.71% |
| 2017-03-31 | $2.68 Billion | +2.79% |
| 2016-03-31 | $2.61 Billion | +8.73% |
| 2015-03-31 | $2.40 Billion | +8.84% |
| 2014-03-31 | $2.20 Billion | -2.01% |
| 2013-03-31 | $2.25 Billion | -1.63% |
| 2012-03-31 | $2.28 Billion | -0.47% |
| 2011-03-31 | $2.29 Billion | +15.63% |
| 2010-03-31 | $1.98 Billion | +8.20% |
| 2009-03-31 | $1.83 Billion | -77.53% |
| 2008-03-31 | $8.16 Billion | +32.18% |
| 2007-03-31 | $6.18 Billion | +15.35% |
| 2006-03-31 | $5.35 Billion | +2.50% |
| 2005-03-31 | $5.22 Billion | +19.62% |
| 2004-03-31 | $4.37 Billion | -3.85% |
| 2003-03-31 | $4.54 Billion | +1.94% |
| 2002-03-31 | $4.46 Billion | +10.55% |
| 2001-03-31 | $4.03 Billion | +152.42% |
| 2000-03-31 | $1.60 Billion | +239.53% |
| 1999-03-31 | $470.27 Million | +117.92% |
| 1998-03-31 | $215.80 Million | +114.76% |
| 1997-03-31 | $100.49 Million | +40.94% |
| 1996-03-31 | $71.30 Million | +23.57% |
| 1995-03-31 | $57.70 Million | +8.87% |
| 1994-03-31 | $53.00 Million | +1506.06% |
| 1993-03-31 | $3.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flex Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 65475.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.16 Billion | 42.07% |
| Other Components | $2.98 Billion | 57.93% |
| Total Equity | $5.14 Billion | 100.00% |
Flex Ltd Competitors by Market Cap
The table below lists competitors of Flex Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nike Inc
NYSE:NKE
|
$54.03 Billion |
|
Bank of Communications Co
SHG:601328
|
$54.26 Billion |
|
The Allstate Corporation
NYSE:ALL
|
$54.30 Billion |
|
ONEOK Inc
NYSE:OKE
|
$54.31 Billion |
|
Vistra Energy Corp
NYSE:VST
|
$53.74 Billion |
|
JAPAN POST BK UNSP.ADR/1
F:5JP0
|
$53.42 Billion |
|
Ametek Inc
NYSE:AME
|
$53.06 Billion |
|
Fastenal Company
NASDAQ:FAST
|
$52.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flex Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 5,002,000,000 to 5,144,000,000, a change of 142,000,000 (2.8%).
- Net income of 880,000,000 contributed positively to equity growth.
- Share repurchases of 944,000,000 reduced equity.
- Other comprehensive income increased equity by 224,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $880.00 Million | +17.11% |
| Share Repurchases | $944.00 Million | -18.35% |
| Other Comprehensive Income | $224.00 Million | +4.35% |
| Other Changes | $-18.00 Million | -0.35% |
| Total Change | $- | 2.84% |
Book Value vs Market Value Analysis
This analysis compares Flex Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.68x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1929.37x to 10.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-03-31 | $0.08 | $146.93 | x |
| 1994-03-31 | $1.28 | $146.93 | x |
| 1995-03-31 | $0.65 | $146.93 | x |
| 1996-03-31 | $0.62 | $146.93 | x |
| 1997-03-31 | $0.77 | $146.93 | x |
| 1998-03-31 | $1.41 | $146.93 | x |
| 1999-03-31 | $2.58 | $146.93 | x |
| 2000-03-31 | $6.20 | $146.93 | x |
| 2001-03-31 | $9.12 | $146.93 | x |
| 2002-03-31 | $9.10 | $146.93 | x |
| 2003-03-31 | $8.78 | $146.93 | x |
| 2004-03-31 | $8.30 | $146.93 | x |
| 2005-03-31 | $8.92 | $146.93 | x |
| 2006-03-31 | $8.92 | $146.93 | x |
| 2007-03-31 | $10.35 | $146.93 | x |
| 2008-03-31 | $11.33 | $146.93 | x |
| 2009-03-31 | $2.27 | $146.93 | x |
| 2010-03-31 | $2.42 | $146.93 | x |
| 2011-03-31 | $2.90 | $146.93 | x |
| 2012-03-31 | $3.14 | $146.93 | x |
| 2013-03-31 | $3.33 | $146.93 | x |
| 2014-03-31 | $3.47 | $146.93 | x |
| 2015-03-31 | $3.99 | $146.93 | x |
| 2016-03-31 | $4.55 | $146.93 | x |
| 2017-03-31 | $4.84 | $146.93 | x |
| 2018-03-31 | $5.63 | $146.93 | x |
| 2019-03-31 | $5.61 | $146.93 | x |
| 2020-03-31 | $5.52 | $146.93 | x |
| 2021-03-31 | $6.79 | $146.93 | x |
| 2022-03-31 | $8.55 | $146.93 | x |
| 2023-03-31 | $11.58 | $146.93 | x |
| 2024-03-31 | $12.07 | $146.93 | x |
| 2025-03-31 | $12.57 | $146.93 | x |
| 2026-03-31 | $13.75 | $146.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flex Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.15%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 4.29x
- Recent ROE (17.11%) is above the historical average (-0.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 39.39% | 1.39% | 1.91x | 14.79x | $970.00K |
| 1994 | 5.47% | 2.36% | 1.22x | 1.90x | $-2.40 Million |
| 1995 | 10.75% | 2.61% | 2.04x | 2.01x | $430.00K |
| 1996 | -19.29% | -2.47% | 2.67x | 2.94x | $-21.41 Million |
| 1997 | 11.70% | 1.82% | 1.43x | 4.49x | $1.69 Million |
| 1998 | 10.44% | 1.68% | 1.80x | 3.46x | $955.10K |
| 1999 | 10.20% | 1.29% | 3.61x | 2.19x | $998.40K |
| 2000 | 6.67% | 2.28% | 2.25x | 1.30x | $-79.09 Million |
| 2001 | -11.07% | -3.68% | 1.60x | 1.88x | $-849.06 Million |
| 2002 | -3.45% | -1.17% | 1.52x | 1.94x | $-599.30 Million |
| 2003 | -1.84% | -0.62% | 1.59x | 1.85x | $-537.65 Million |
| 2004 | -8.07% | -2.43% | 1.51x | 2.19x | $-789.10 Million |
| 2005 | 6.51% | 2.16% | 1.43x | 2.11x | $-182.53 Million |
| 2006 | 2.64% | 0.92% | 1.40x | 2.05x | $-394.30 Million |
| 2007 | 8.23% | 2.70% | 1.53x | 2.00x | $-109.03 Million |
| 2008 | -7.83% | -2.32% | 1.41x | 2.39x | $-1.46 Billion |
| 2009 | -329.66% | -19.82% | 2.73x | 6.08x | $-6.32 Billion |
| 2010 | 0.94% | 0.08% | 2.26x | 5.36x | $-179.86 Million |
| 2011 | 25.98% | 2.08% | 2.47x | 5.07x | $366.75 Million |
| 2012 | 21.40% | 1.67% | 2.66x | 4.83x | $260.37 Million |
| 2013 | 12.33% | 1.18% | 2.23x | 4.71x | $52.38 Million |
| 2014 | 16.90% | 1.40% | 2.09x | 5.78x | $149.29 Million |
| 2015 | 25.45% | 2.30% | 2.24x | 4.95x | $364.72 Million |
| 2016 | 17.27% | 1.82% | 1.97x | 4.82x | $186.99 Million |
| 2017 | 12.08% | 1.34% | 1.89x | 4.76x | $55.11 Million |
| 2018 | 14.20% | 1.68% | 1.85x | 4.54x | $126.68 Million |
| 2019 | 3.13% | 0.35% | 1.94x | 4.54x | $-204.24 Million |
| 2020 | 3.11% | 0.36% | 1.77x | 4.84x | $-195.10 Million |
| 2021 | 17.84% | 2.54% | 1.52x | 4.61x | $269.40 Million |
| 2022 | 22.67% | 3.80% | 1.27x | 4.68x | $523.10 Million |
| 2023 | 14.82% | 2.78% | 1.33x | 4.00x | $257.90 Million |
| 2024 | 18.89% | 3.81% | 1.45x | 3.43x | $473.50 Million |
| 2025 | 16.75% | 3.25% | 1.40x | 3.67x | $337.80 Million |
| 2026 | 17.11% | 3.15% | 1.27x | 4.29x | $365.60 Million |
Industry Comparison
This section compares Flex Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $91,644,527
- Average return on equity (ROE) among peers: 5.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flex Ltd (FLEX) | $5.14 Billion | 39.39% | 3.29x | $53.83 Billion |
| Allient Inc. (ALNT) | $9.30 Million | 15.86% | 0.82x | $1.55 Billion |
| Amphenol Corporation (APH) | $278.60 Million | 13.75% | 1.43x | $180.35 Billion |
| Bel Fuse A Inc (BELFA) | $55.90 Million | 14.49% | 0.15x | $553.84 Million |
| Bel Fuse B Inc (BELFB) | $130.66 Million | 0.44% | 0.12x | $3.55 Billion |
| Benchmark Electronics Inc (BHE) | $16.30 Million | 12.88% | 0.23x | $2.22 Billion |
| Cps Technologies (CPSH) | $14.51 Million | -21.61% | 0.30x | $131.22 Million |
| CTS Corporation (CTS) | $119.20 Million | 1.68% | 0.55x | $1.36 Billion |
| Data I/O Corporation (DAIO) | $18.04 Million | -2.93% | 0.59x | $25.54 Million |
| Daktronics Inc (DAKT) | $188.25 Million | 12.10% | 0.70x | $986.17 Million |
| Deswell Industries Inc (DSWL) | $85.69 Million | 9.61% | 0.26x | $51.47 Million |
About Flex Ltd
Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, industrial, healthcare, industrial, and power industries in the Americas, Asia, and Europe. The company operates through three segments: Integrated Technology Solutions (ITS), Regulated Manufacturing Solutions (RMS), and Cloud and Power Infrastructu… Read more