Flex Ltd. (FLEX) vs Jabil, Inc. (JBL)

Flex Ltd. and Jabil, Inc. are both Electronic Components companies. Flex Ltd. and Jabil, Inc. are of similar size ($24.7B and $24.3B). Flex Ltd. trades at the lower P/E: 24.3× against 24.3×. Jabil, Inc. grew revenue faster over the last twelve months: 20.6% against 17.6%. Flex Ltd. has the higher net margin (3.35% vs 2.90%) and the lower return on invested capital (12.3% vs 38.6%). Across the 21 metrics below, Jabil, Inc. leads on 14 and Flex Ltd. on 7.

Valuation

Metric FLEX JBL Electronic Components median
P/E 24.28 24.28 24.82
P/S 0.80 0.71 2.28
P/B 4.27 15.70 2.86
Price to free cash flow 31.46 16.57 22.99
EV/EBITDA 12.98 11.28 14.69
EV/Sales 0.89 0.75 2.38
Earnings yield 4.12% 4.12% 2.68%
Free cash flow yield 3.18% 6.04% 1.70%

Profitability

Metric FLEX JBL Electronic Components median
Gross margin 9.50% 9.23% 32.78%
Operating margin 5.06% 4.74% 4.90%
Net margin 3.35% 2.90% 3.46%
Free cash flow margin 2.55% 4.26% 1.66%
Return on equity 19.13% 66.50% 5.59%
Return on assets 4.42% 4.53% 4.13%
Return on invested capital 12.34% 38.61% 4.66%

Growth

Metric FLEX JBL Electronic Components median
Revenue growth (TTM) 17.55% 20.64% 13.94%
EPS growth (last fiscal year) 10.43% 64.70% 35.44%
Revenue growth, 5-year CAGR 2.96% 4.19% 6.70%
Net income growth, 5-year CAGR 7.50% 8.41% 7.53%

Health

Metric FLEX JBL Electronic Components median
Debt to equity 0.90 1.78 0.11
Current ratio 1.34 0.99 2.50
Net debt to EBITDA 0.71 0.48 0.41

Dividend

Metric FLEX JBL Electronic Components median
Dividend yield — 0.13% 1.10%
Payout ratio — 0.03 0.28

Size

Metric FLEX JBL Electronic Components median
Market cap 24.65b 24.34b 1.16b

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