Fabrinet
Market Cap
US$3.3b
Last Updated
2021/04/11 22:15 UTC
Data Sources
Company Financials +
Executive Summary
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Fabrinet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.1%
FN
1.6%
US Electronic
2.1%
US Market
1 Year Return
48.3%
FN
84.0%
US Electronic
56.3%
US Market
Return vs Industry: FN underperformed the US Electronic industry which returned 84% over the past year.
Return vs Market: FN underperformed the US Market which returned 56.3% over the past year.
Shareholder returns
| FN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | 1.6% | 2.1% |
| 30 Day | -3.8% | 4.8% | 2.4% |
| 90 Day | 5.7% | 7.4% | 6.1% |
| 1 Year | 48.3%48.3% | 87.9%84.0% | 59.1%56.3% |
| 3 Year | 167.4%167.4% | 69.2%62.2% | 65.7%55.1% |
| 5 Year | 181.9%181.9% | 165.9%148.9% | 122.3%97.6% |
Long-Term Price Volatility Vs. Market
How volatile is Fabrinet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Fabrinet (NYSE:FN) Potentially Undervalued?2 weeks ago | Simply Wall St
Is Fabrinet's (NYSE:FN) Latest Stock Performance A Reflection Of Its Financial Health?1 month ago | Simply Wall St
Estimating The Intrinsic Value Of Fabrinet (NYSE:FN)Valuation
Is Fabrinet undervalued compared to its fair value and its price relative to the market?
1.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FN ($89.43) is trading below our estimate of fair value ($90.66)
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 good value based on its PE Ratio (26.4x) compared to the US Electronic industry average (28.9x).
PE vs Market: FN is poor value based on its PE Ratio (26.4x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: FN is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: FN is overvalued based on its PB Ratio (3.2x) compared to the US Electronic industry average (3x).
Future Growth
How is Fabrinet forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
17.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FN's forecast earnings growth (17.9% per year) is above the savings rate (2%).
Earnings vs Market: FN's earnings (17.9% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: FN's earnings are forecast to grow, but not significantly.
Revenue vs Market: FN's revenue (9.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FN's revenue (9.1% 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 (15.1%).
Past Performance
How has Fabrinet performed over the past 5 years?
13.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FN has high quality earnings.
Growing Profit Margin: FN's current net profit margins (7.3%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: FN's earnings have grown by 13.8% per year over the past 5 years.
Accelerating Growth: FN's earnings growth over the past year (5%) is below its 5-year average (13.8% per year).
Earnings vs Industry: FN earnings growth over the past year (5%) exceeded the Electronic industry -6.6%.
Return on Equity
High ROE: FN's Return on Equity (12%) is considered low.
Financial Health
How is Fabrinet's financial position?
Financial Position Analysis
Short Term Liabilities: FN's short term assets ($1.3B) exceed its short term liabilities ($395.0M).
Long Term Liabilities: FN's short term assets ($1.3B) exceed its long term liabilities ($65.9M).
Debt to Equity History and Analysis
Debt Level: FN's debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: FN's debt to equity ratio has reduced from 10.9% to 4.4% over the past 5 years.
Debt Coverage: FN's debt is well covered by operating cash flow (305.7%).
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?
3.4yrs
Average management tenure
CEO
Seamus Grady (53 yo)
3.58yrs
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 ($USD5.06M).
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 (3.4 years average tenure).
Board Members
Experienced Board: FN's board of directors are seasoned and experienced ( 10.3 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 company bio, 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$3.297b
- Shares outstanding: 36.87m
- Website: https://www.fabrinet.com
Number of Employees
Location
- Fabrinet
- 190 Elgin Avenue
- George Town
- Grand Cayman
- KY1-9005
- Cayman Islands
Listings
Biography
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 o...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 22:15 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/25 |
| Annual Earnings | 2020/06/26 |
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.