| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
FN Overview
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe.
Fabrinet Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$108.81 |
| 52 Week High | US$59.45 |
| 52 Week Low | US$109.56 |
| Beta | 1.02 |
| 1 Month Change | 7.36% |
| 3 Month Change | 12.56% |
| 1 Year Change | 72.71% |
| 3 Year Change | 139.88% |
| 5 Year Change | 143.37% |
| Change since IPO | 912.19% |
Recent News & Updates
Should You Be Adding Fabrinet (NYSE:FN) To Your Watchlist Today?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Shareholder Returns
| FN | US Electronic | US Market | |
|---|---|---|---|
| 7D | 6.2% | 2.6% | 2.0% |
| 1Y | 72.7% | 48.1% | 32.8% |
Return vs Industry: FN exceeded the US Electronic industry which returned 48.1% over the past year.
Return vs Market: FN exceeded the US Market which returned 32.8% over the past year.
Price Volatility
| FN volatility | |
|---|---|
| FN Beta | 1.02 |
| Industry Beta | 1.32 |
| Market Beta | 1 |
Stable Share Price: FN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FN's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 12,189 | Seamus Grady | https://www.fabrinet.com |
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances.
Fabrinet Fundamentals Summary
| FN fundamental statistics | |
|---|---|
| Market Cap | US$4.00b |
| Earnings (TTM) | US$148.34m |
| Revenue (TTM) | US$1.88b |
27.0x
P/E Ratio2.1x
P/S RatioIs FN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FN income statement (TTM) | |
|---|---|
| Revenue | US$1.88b |
| Cost of Revenue | US$1.66b |
| Gross Profit | US$221.36m |
| Expenses | US$73.02m |
| Earnings | US$148.34m |
Last Reported Earnings
Jun 25, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.03 |
| Gross Margin | 11.78% |
| Net Profit Margin | 7.89% |
| Debt/Equity Ratio | 3.6% |
How did FN perform over the long term?
See historical performance and comparisonValuation
Is Fabrinet undervalued compared to its fair value and its price relative to the market?
19.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FN ($108.81) is trading below our estimate of fair value ($134.98)
Significantly Below Fair Value: FN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FN is poor value based on its PE Ratio (27x) compared to the US Electronic industry average (21.8x).
PE vs Market: FN is poor value based on its PE Ratio (27x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FN is overvalued based on its PB Ratio (3.6x) compared to the US Electronic industry average (2.7x).
Future Growth
How is Fabrinet forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
9.6%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if FN's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if FN's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FN's revenue (9.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: FN's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FN's Return on Equity is forecast to be low in 3 years time (15.5%).
Past Performance
How has Fabrinet performed over the past 5 years?
11.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FN has high quality earnings.
Growing Profit Margin: FN's current net profit margins (7.9%) are higher than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: FN's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: FN's earnings growth over the past year (30.7%) exceeds its 5-year average (11.7% per year).
Earnings vs Industry: FN earnings growth over the past year (30.7%) underperformed the Electronic industry 40.3%.
Return on Equity
High ROE: FN's Return on Equity (13.3%) is considered low.
Financial Health
How is Fabrinet's financial position?
Financial Position Analysis
Short Term Liabilities: FN's short term assets ($1.4B) exceed its short term liabilities ($444.4M).
Long Term Liabilities: FN's short term assets ($1.4B) exceed its long term liabilities ($59.2M).
Debt to Equity History and Analysis
Debt Level: FN's debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: FN's debt to equity ratio has reduced from 10.9% to 3.6% over the past 5 years.
Debt Coverage: FN's debt is well covered by operating cash flow (300.3%).
Interest Coverage: FN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Fabrinet current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Seamus Grady (54 yo)
4yrs
Tenure
US$7,843,473
Compensation
Mr. Seamus Grady has been Chief Executive Officer and Director at Fabrinet since September 22, 2017. Mr. Grady served as Executive Vice President and Chief Operating Officer, Mechanical Systems Division, a...
CEO Compensation Analysis
Compensation vs Market: Seamus's total compensation ($USD7.84M) is above average for companies of similar size in the US market ($USD5.22M).
Compensation vs Earnings: Seamus's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: FN's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: FN's board of directors are seasoned and experienced ( 10.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fabrinet's employee growth, exchange listings and data sources
Key Information
- Name: Fabrinet
- Ticker: FN
- Exchange: NYSE
- Founded: 1999
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$4.004b
- Shares outstanding: 36.80m
- Website: https://www.fabrinet.com
Number of Employees
Location
- Fabrinet
- 190 Elgin Avenue
- George Town
- Grand Cayman
- KY1-9005
- Cayman Islands
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 23:01 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/25 |
| Annual Earnings | 2021/06/25 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.