Overview Dividends

(FN) Fabrinet - Ratings and Ratios

Exchange: NYSE • Country: Cayman Islands • Currency: USD • Type: Common Stock • ISIN: KYG3323L1005

Optical Components, Transceivers, Lasers, Sensors, Optical Substrates

FN EPS (Earnings per Share)

EPS Growth (3Y CAGR): -56.77%
EPS Trend (3Y Correlation): -26.4%

FN Revenue

Revenue Growth (3Y CAGR): 12.66%
Revenue Trend (3Y Correlation): 96.3%

Description: FN Fabrinet October 31, 2025

Fabrinet (NYSE:FN) is a contract manufacturer that specializes in high-precision optical, electro-mechanical, and electronic assemblies for customers across North America, Asia-Pacific, and Europe. Its service portfolio spans design-for-manufacturing, supply-chain management, PCB assembly, advanced packaging, integration, final testing, and delivery of complex optical components such as reconfigurable optical add-drop multiplexers (ROADMs), amplifiers, modulators, transceivers, tunable lasers, active optical cables, and a range of lasers and sensors for telecom, data-center, automotive, medical, and industrial applications.

Key quantitative touchpoints (FY 2023): revenue of roughly $1.1 billion, gross margin hovering near 30 %, and a backlog that grew ~12 % YoY, driven largely by rising demand for data-center interconnects and 5G-enabled transport networks. The global optical components market is projected to expand at a CAGR of ~7 % through 2029, while semiconductor-related CAPEX in the U.S. and Europe remains a primary macro driver for Fabrinet’s high-mix, high-value contracts. A notable risk is the ongoing semiconductor supply-chain tightening, which can compress lead times and pressure pricing for custom optical modules.

If you want a deeper, data-rich assessment of Fabrinet’s valuation dynamics, the ValueRay platform offers granular financial models and scenario analyses that can help you test the sensitivity of these drivers.

FN Stock Overview

Market Cap in USD	15,784m
Sub-Industry	Electronic Manufacturing Services
IPO / Inception	2010-06-25

FN Stock Ratings

Growth Rating	89.3%
Fundamental	73.7%
Dividend Rating	-
Return 12m vs S&P 500	77.8%
Analyst Rating	3.89 of 5

FN Dividends

Currently no dividends paid

FN Growth Ratios

Growth Correlation 3m	90.8%
Growth Correlation 12m	69.6%
Growth Correlation 5y	92.2%
CAGR 5y	61.48%
CAGR/Max DD 3y (Calmar Ratio)	1.64
CAGR/Mean DD 3y (Pain Ratio)	5.55
Sharpe Ratio 12m	2.15
Alpha	79.87
Beta	1.050
Volatility	56.88%
Current Volume	845.9k
Average Volume 20d	518.2k
Stop Loss	466.9 (-4.1%)
Signal	1.57

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (332.5m TTM) > 0 and > 6% of Revenue (6% = 205.2m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA -8.29pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 47.35% (prev 50.46%; Δ -3.11pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.12 (>3.0%) and CFO 328.4m <= Net Income 332.5m (YES >=105%, WARN >=100%)

Net Debt (-301.0m) to EBITDA (408.6m) ratio: -0.74 <= 3.0 (WARN <= 3.5)

Current Ratio 3.00 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (36.1m) change vs 12m ago -1.23% (target <= -2.0% for YES)

Gross Margin 12.09% (prev 12.35%; Δ -0.26pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 132.3% (prev 123.3%; Δ 9.00pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

error: Interest Coverage Ratio cannot be calculated (needs EBITDA TTM and Interest Expense TTM)

Altman Z'' 9.68

(A) 0.57 = (Total Current Assets 2.43b - Total Current Liabilities 809.8m) / Total Assets 2.83b

(B) 0.74 = Retained Earnings (Balance) 2.09b / Total Assets 2.83b

(D) 2.48 = Book Value of Equity 2.10b / Total Liabilities 849.6m

Total Rating: 9.68 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 73.71

1. Piotroski 4.50pt = -0.50

2. FCF Yield 1.39% = 0.70

3. FCF Margin 6.05% = 1.51

4. Debt/Equity 0.00 = 2.50

5. Debt/Ebitda -0.74 = 2.50

6. ROIC - WACC (= 7.70)% = 9.63

7. RoE 17.60% = 1.47

8. Rev. Trend 96.35% = 7.23

9. EPS Trend -26.44% = -1.32

What is the price of FN shares?

As of November 06, 2025, the stock is trading at USD 486.91 with a total of 845,925 shares traded.
Over the past week, the price has changed by +9.68%, over one month by +31.49%, over three months by +48.40% and over the past year by +111.49%.

Is Fabrinet a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Fabrinet (NYSE:FN) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 73.71 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FN is around 656.05 USD . This means that FN is currently undervalued and has a potential upside of +34.74% (Margin of Safety).

Is FN a buy, sell or hold?

Fabrinet has received a consensus analysts rating of 3.89. Therefore, it is recommended to buy FN.

Strong Buy: 3
Buy: 2
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the FN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	364.1	-25.2%
Analysts Target Price	364.1	-25.2%
ValueRay Target Price	740.6	52.1%

FN Fundamental Data Overview November 04, 2025

Market Cap USD = 15.78b (15.78b USD * 1.0 USD.USD)
P/E Trailing = 48.0972
P/S = 4.6161
P/B = 6.6627
P/EG = 1.19
Beta = 1.05
Revenue TTM = 3.42b USD
EBIT TTM = 355.2m USD
EBITDA TTM = 408.6m USD
Long Term Debt = 5.47m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.79m USD (from shortTermDebt, last quarter)
Debt = 5.47m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -301.0m USD (from netDebt column, last quarter)
Enterprise Value = 14.86b USD (15.78b + Debt 5.47m - CCE 934.2m)
Interest Coverage Ratio = unknown (Ebit TTM 355.2m / Interest Expense TTM 0.0)
FCF Yield = 1.39% (FCF TTM 206.8m / Enterprise Value 14.86b)
FCF Margin = 6.05% (FCF TTM 206.8m / Revenue TTM 3.42b)
Net Margin = 9.72% (Net Income TTM 332.5m / Revenue TTM 3.42b)
Gross Margin = 12.09% ((Revenue TTM 3.42b - Cost of Revenue TTM 3.01b) / Revenue TTM)
Gross Margin QoQ = 12.23% (prev 11.72%)
Tobins Q-Ratio = 5.25 (Enterprise Value 14.86b / Total Assets 2.83b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 5.47m)
Taxrate = 6.47% (6.03m / 93.2m)
NOPAT = 332.2m (EBIT 355.2m * (1 - 6.47%))
Current Ratio = 3.00 (Total Current Assets 2.43b / Total Current Liabilities 809.8m)
Debt / Equity = 0.00 (Debt 5.47m / totalStockholderEquity, last quarter 1.98b)
Debt / EBITDA = -0.74 (Net Debt -301.0m / EBITDA 408.6m)
Debt / FCF = -1.46 (Net Debt -301.0m / FCF TTM 206.8m)
Total Stockholder Equity = 1.89b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.74% (Net Income 332.5m / Total Assets 2.83b)
RoE = 17.60% (Net Income TTM 332.5m / Total Stockholder Equity 1.89b)
RoCE = 18.74% (EBIT 355.2m / Capital Employed (Equity 1.89b + L.T.Debt 5.47m))
RoIC = 17.58% (NOPAT 332.2m / Invested Capital 1.89b)
WACC = 9.88% (E(15.78b)/V(15.79b) * Re(9.88%) + D(5.47m)/V(15.79b) * Rd(0.0%) * (1-Tc(0.06)))
Discount Rate = 9.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.76%
[DCF Debug] Terminal Value 75.71% ; FCFE base≈270.0m ; Y1≈333.0m ; Y5≈568.2m
Fair Price DCF = 196.3 (DCF Value 7.01b / Shares Outstanding 35.7m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -26.44 | EPS CAGR: -56.77% | SUE: -4.0 | # QB: 0
Revenue Correlation: 96.35 | Revenue CAGR: 12.66% | SUE: 3.62 | # QB: 3

Additional Sources for FN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle