Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price112.78 USD
Fair value172.44
Ethical score70.0/100
Our investment reviews on this name
2026-08-29Read Markup109.25+3.2% to today ✓
2026-07-30Read Distribution116.07-2.8% to today ✓
2026-07-02Read Markup149.71-24.7% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Flex Ltd holds its Markup at $112.78. Consolidating, no directional conviction, held for 37 days.
As held on the ledger · 2026-10-01
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 37 days
Price at the screen
$112.78
Valuation
43.71 trailing · 15.86 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.65
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
19.56%
Below 33%
Interest-bearing debt is just 19.6% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
32.04%
Below 49%
Money owed to the company is 32.0% of assets, under the 49% limit.
Pass
Revenue purity
0.18%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Flex clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 20%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
Fair value range in USD, drawn from the 2026-10-01 screen. The gold marker is the market price at the same screen. A 52.9% margin of safety to the base estimate.
Third-party analyst targets: 10 covering, consensus Strong Buy. The average target sits +42% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-01 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Factory floors behind your everyday tech
Picture the circuit boards inside data centres, cars and hospital kit. Flex builds and moves those parts across three continents for a long list of big names. Revenue is rising 17 percent, return on equity sits at 17 percent and the shares trade at 17 times forward earnings, well below our fair value of 175 dollars.
Yet the opportunity rating stays at none. Profit margins are stuck at just 3 percent, the moat is narrow and the business still depends on contract manufacturing cycles that can turn fast. Analyst targets cluster near 170 dollars, but we see no durable edge worth committing capital.
Risk sits in those thin margins and the narrow competitive position. Any slowdown in electronics spending would hit hard and leave little room for error. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
FLEX trades on NASDAQ. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Markup$112.78+3.2%Entry 6
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 3.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 120% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 215%. Our forward projection puts the odds of a 10% gain over the next month near 47%. The street (10 analysts) rates it strong buy, with a mean price target of $160.
2026-08-29Markup · changed$109.25-5.9%Entry 5
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 5.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 120% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 215%. Our forward projection puts the odds of a 10% gain over the next month near 47%. The street (10 analysts) rates it strong buy, with a mean price target of $160.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 22.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 120% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 215%. Our forward projection puts the odds of a 10% gain over the next month near 47%. The street (10 analysts) rates it strong buy, with a mean price target of $160.
2026-07-18Markup$149.71+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 120% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 215%. Our forward projection puts the odds of a 10% gain over the next month near 47%. The street (10 analysts) rates it strong buy, with a mean price target of $160.
2026-07-03Markup$149.71+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$149.71Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
