الاســــتا ذ
عضو محترف
اقدم هذا التحليل حسب طلب الاخ تقني وللعلم يمكن استخدام خاصية البحث في المنتدى لان الاخ بريد الكتروني قام بالشرح عن هذه الشركة عدة مرات
---------------
تحليل هذه الشركة منقول بالحرف من موقع
http://www.morningstar.com/
تاريح التحليل 06-28-2002
Valuation
------------
At 21 times First Call earnings estimates for the current fiscal year (and 12 times next year's figure), the stock isn't outrageously expensive.
Our $14 fair value estimate implies the stock has significant upside potential.
Close Competitors
------------------------
TTM Sales ($Mil) Market Cap ($Mil)
Solectron* 12,276 3,806
SCI Systems NA NA
Celestica* 10,004 3,685
Jabil Circuit* 3,545 4,239
Sanmina-SCI* 6,760 2,518
Strategy
------------
Flextronics provides a full range of electronic manufacturing services to leading global electronic original equipment manufacturers.
It operates a number of large manufacturing parks mostly in low-cost locations, each of which is supported by a network of smaller sites.
Through a combination of internal growth and acquisitions, the company has been expanding its geographic presence.
Management
------------------
Michael Marks, Flextronics' dynamic, hard-charging chairman and CEO, leads a highly regarded management team.
Marks has been at the helm since 1994 and deserves much of the credit for the firm's growth and success.
Profile
--------
Flextronics International provides electronic manufacturing services, including the fabrication and assembly of plastic and metal enclosures, printed circuit boards, backplanes, and complete products and systems.
The firm has established fully integrated, high-volume industrial parks in low-cost regions (e.g., China, Hungary, and Mexico) near customers' locations.
Flextronics has also set up numerous product introduction centers to provide engineering expertise. Customers include Ericsson, Cisco, Motorola, and Microsoft. The company acquired Dii Group in April 2000.
Growth
-----------
Flextronics is a leader in an industry growing by leaps and bounds. Sales growth, which has averaged 68% over the past three years, slipped to 8% last year. Nevertheless, the firm should continue to grow faster than the industry.
Profitability
----------------
The business is characterized by razor-thin profit margins. However, high asset turns have historically provided decent returns on capital
Financial Health
---------------------
Flextronics has smartly used a balanced mix of debt and equity to fund its rapid growth. Inventory levels are coming down, which should free up additional cash for restructuring activities.
---------------
تحليل هذه الشركة منقول بالحرف من موقع
http://www.morningstar.com/
تاريح التحليل 06-28-2002
Valuation
------------
At 21 times First Call earnings estimates for the current fiscal year (and 12 times next year's figure), the stock isn't outrageously expensive.
Our $14 fair value estimate implies the stock has significant upside potential.
Close Competitors
------------------------
TTM Sales ($Mil) Market Cap ($Mil)
Solectron* 12,276 3,806
SCI Systems NA NA
Celestica* 10,004 3,685
Jabil Circuit* 3,545 4,239
Sanmina-SCI* 6,760 2,518
Strategy
------------
Flextronics provides a full range of electronic manufacturing services to leading global electronic original equipment manufacturers.
It operates a number of large manufacturing parks mostly in low-cost locations, each of which is supported by a network of smaller sites.
Through a combination of internal growth and acquisitions, the company has been expanding its geographic presence.
Management
------------------
Michael Marks, Flextronics' dynamic, hard-charging chairman and CEO, leads a highly regarded management team.
Marks has been at the helm since 1994 and deserves much of the credit for the firm's growth and success.
Profile
--------
Flextronics International provides electronic manufacturing services, including the fabrication and assembly of plastic and metal enclosures, printed circuit boards, backplanes, and complete products and systems.
The firm has established fully integrated, high-volume industrial parks in low-cost regions (e.g., China, Hungary, and Mexico) near customers' locations.
Flextronics has also set up numerous product introduction centers to provide engineering expertise. Customers include Ericsson, Cisco, Motorola, and Microsoft. The company acquired Dii Group in April 2000.
Growth
-----------
Flextronics is a leader in an industry growing by leaps and bounds. Sales growth, which has averaged 68% over the past three years, slipped to 8% last year. Nevertheless, the firm should continue to grow faster than the industry.
Profitability
----------------
The business is characterized by razor-thin profit margins. However, high asset turns have historically provided decent returns on capital
Financial Health
---------------------
Flextronics has smartly used a balanced mix of debt and equity to fund its rapid growth. Inventory levels are coming down, which should free up additional cash for restructuring activities.
