Last $9.42 USD
Change Today +0.07 / 0.75%
Volume 5.6M
FLEX On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

flextronics intl ltd (FLEX) Snapshot

Open
$9.34
Previous Close
$9.35
Day High
$9.53
Day Low
$9.30
52 Week High
09/10/13 - $9.71
52 Week Low
04/22/13 - $6.62
Market Cap
5.7B
Average Volume 10 Days
4.5M
EPS TTM
$0.63
Shares Outstanding
602.4M
EX-Date
--
P/E TM
15.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for FLEXTRONICS INTL LTD (FLEX)

flextronics intl ltd (FLEX) Details

Flextronics International Ltd. provides design and manufacturing services to original equipment manufacturers (OEMs) worldwide. The company offers design and engineering services, including contract design, joint development manufacturing, and original design and manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services, such as enclosures, testing, materials procurement, and inventory management. It also provides component product solutions, including rigid and flexible printed circuit board fabrication, and power supplies; after-market supply chain logistics services; reverse logistics and repair services, such as returns management, exchange programs, complex repair, asset recovery, recycling and e-waste management for consumer and midrange products, printers, PDA's, mobile phones, consumer medical devices, notebooks, PC's, set-top boxes, game consoles and highly complex infrastructure products. The company offers its services to a range of products to medical, automotive, defense, aerospace, mobile devices, household appliances and equipment, emerging industries, telecommunications infrastructure, data networking, connected home, and server and storage businesses. Flextronics International Ltd. was founded in 1990 and is based in Singapore.

149,000 Employees
Last Reported Date: 05/28/13
Founded in 1990

flextronics intl ltd (FLEX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $400.0K
President of Global Operations & Components
Total Annual Compensation: $870.1K
President of High Reliability Solutions
Total Annual Compensation: $525.0K
Executive Vice President and General Counsel
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

flextronics intl ltd (FLEX) Key Developments

Flextronics ;s Automotive Group Provides Design and Manufacturing Services for the All-New 2014 Jeep Cherokee

Flextronics International Ltd. announced that its Automotive Group has provided design and manufacturing services for the all-new 2014 Jeep Cherokee. Services provided include manufacturing and assembly of the daytime running lamps, remote start antenna, portions of the power liftgate and sunroof modules and wiring harnesses for fascia, seats, doors, consoles and battery cables. Flextronics' team of engineers also worked as part of the greater Chrysler launch team from design to manufacture, collaborating on customized, original designs and manufacturing assemblies. By leveraging its proven manufacturing expertise across industries and established global scale, Flextronics can provide unique and innovative supply chain solutions for its customers' most challenging needs.

5BARz International, Inc. Selects Flextronics as its Supply Chain Solutions and Manufacturing Partner

5BARz International Inc. announced that it has selected Flextronics as its supply chain solutions and manufacturing partner for the 5BARz Network Extender, an innovative device, which provides improved cellular signals to deliver high quality signals for voice, data, and video reception on mobile and cellular equipped devices. The partnership greatly expands 5BARz's manufacturing capabilities to serve the rapidly growing global market demand for improved cellular infrastructure connectivity. 5BARz has developed a patented breakthrough technology, providing users with a plug and play consumer electronic product that represents a key solution for cellular network operators in providing clear, high-quality signal for subscribers with a growing need for improved connectivity. The partnership with Flextronics will enable 5BARz to deliver its Network Extender products in large volumes with high quality. Additionally, Flextronics' ability to leverage its global scale and manufacture these products in different regions around the world will benefit 5BARz and its customers.

Flextronics International Enters into a New $2.0 Billion Credit Agreement with Bank of America

On March 31, 2014, Flextronics International Ltd. and certain of its subsidiaries, as borrowers, entered into a new $2.0 billion Credit Agreement with Bank of America, N.A., as Administrative Agent and Swing Line Lender, Citibank, N.A., as Syndication Agent, Bank of America as L/C Issuer, BNP Paribas, HSBC Bank USA, National Association, JPMorgan Chase Bank, N.A., the Royal Bank of Scotland plc and The Bank of Nova Scotia, as Co-Documentation Agents, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets, Inc., BNP Paribas Securities Corp., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, RBS Securities Inc. and The Bank of Nova Scotia, as Joint Lead Arrangers and Joint Bookrunners, and the other Lenders party thereto. The New Credit Facility, which matures on March 31, 2019, consists of (i) a $1.5 billion revolving credit facility with a sublimit of $300 million available for swing line loans and a sublimit of $150 million available for the issuance of letters of credit and (ii) a $500 million term loan facility.  The New Credit Facility permits the company, at its option, to add one or more incremental term loan facilities and/or increase the revolving commitments in an aggregate amount not to exceed $500 million. Any incremental term loan facility or increase in revolving commitments would be on terms to be agreed among the Company, the Administrative Agent, and the lenders who agree to participate in the facility. On the Closing Date, the company borrowed $500 million under the term loan facility of the New Credit Facility for working capital and to repay approximately $438.5 million of outstanding term loans including interest and fees owing under the company’s existing $2.0 billion Credit Agreement, dated as of October 19, 2011, among the company and certain of its subsidiaries, as borrowers, Bank of America, N.A., as Administrative Agent and Swing Line Lender, and the other Lenders party thereto, which term loans were otherwise due to mature on October 19, 2016.  The New Credit Facility replaced the company’s Existing Credit Facility, which was terminated on the Closing Date.

 

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FLEX

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Valuation FLEX Industry Range
Price/Earnings 21.9x
Price/Sales 0.2x
Price/Book 2.6x
Price/Cash Flow 18.7x
TEV/Sales 0.1x
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