FN Stock Analysis: Fabrinet | NYSE

Optical Components, Industrial Lasers, Automotive Sensors, Custom Optics

Total Rating 46

Safety 36

Buy Signal -0.09

Electronic Components
Industry Rotation: +11.4

Market Cap: 17.3B
Avg Turnover: 398M

Risk 3d forecast

Volatility136%

VaR 5^th Pctl22.1%

VaR vs Median-1.14%

Reward TTM

Sharpe Ratio0.94

Rel. Str. IBD17.3

Rel. Str. Peer Group25

Character TTM

Beta2.846

Beta Downside2.655

Hurst Exponent0.342

Drawdowns 3y

Max DD44.47%

CAGR/Max DD0.93

CAGR/Mean DD3.55

EPS (Earnings per Share)

EPS CAGR: 22.01%
EPS Trend: 98.4%

Last SUE: 3.81
Qual. Beats: 4

Revenue

Rev. CAGR: 21.50%
Rev. Trend: 97.7%

Last SUE: 2.32
Qual. Beats: 7

Warnings

Beneish M-Score Likely Earnings Manipulation

Below Avwap Earnings

Below Sma 200d

Tailwinds

Pead

Confidence

Seasonality 11.6 years of data

Jan +0.8% 20

Feb -3.0% 21

Mar +0.2% 7

Apr -7.0% 19

May +2.7% 8

Jun +3.2% 5

Jul +2.5% 5

Aug +3.6% 20

Sep -2.9% 16

Oct -1.8% 24

Nov +6.1% 40

Dec -2.5% 12

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: FN Fabrinet

Fabrinet (NYSE: FN) is a Cayman Islands-incorporated contract manufacturer specializing in optical packaging and precision optical, electro-mechanical, and electronic manufacturing services for OEM customers across North America, Asia-Pacific, and Europe. The company offers end-to-end capabilities spanning process design and engineering, supply chain management, PCB assembly, packaging, integration, final assembly, and testing, and was founded in 1999.

Its product portfolio is organized around a few core end markets: optical communications components (switching modules, transceivers, tunable lasers, transponders, and active optical cables used in telecom and data center networks), industrial lasers for semiconductor, biotech, and materials processing applications, sensors for automotive and medical use, and custom optical components such as crystals, lenses, prisms, mirrors, and specialty glass substrates.

As an Electronic Manufacturing Services (EMS) provider, Fabrinet operates on a contract manufacturing model, deriving revenue from unit-based production rather than selling its own branded products. Its narrow focus on complex optical and electro-mechanical assemblies distinguishes it from broader EMS peers and ties demand closely to telecom network upgrades and hyperscale data center infrastructure spending.

Headlines to Watch Out For

AI infrastructure capex drives optical interconnect demand
Data center transceiver revenue accelerates on hyperscaler orders
Manufacturing scale and Thailand operations boost operating margins

Piotroski VR-10 (Strict) 5.5

Net Income: 470.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.00 > 0.02 and ΔFCF/TA -7.19 > 1.0
NWC/Revenue: 37.86% < 20% (prev 47.35%; Δ -9.49% < -1%)
CFO/TA 0.07 > 3% & CFO 256.7m > Net Income 470.1m
Net Debt (-866.6m) to EBITDA (531.3m): -1.63 < 3
Current Ratio: 2.25 > 1.5 & < 3
Outstanding Shares: last quarter (36.4m) vs 12m ago 0.76% < -2%
Gross Margin: 11.92% > 18% (prev 12.09%; Δ -0.17% > 0.5%)
Asset Turnover: 137.7% > 50% (prev 120.8%; Δ 16.91% > 0%)
Interest Coverage Ratio: 5.51k > 6 (EBIT TTM 462.9m / Interest Expense TTM 84.0k)

Altman Z'' 7.78

A: 0.45 (Total Current Assets 3.16b - Total Current Liabilities 1.40b) / Total Assets 3.91b
B: 0.66 (Retained Earnings 2.57b / Total Assets 3.91b)
C: 0.14 (EBIT TTM 462.9m / Avg Total Assets 3.37b)
D: 1.68 (Book Value of Equity 2.45b / Total Liabilities 1.46b)
Altman-Z'' = 7.78 = AAA

Beneish M 0.15

DSRI: 0.99 (Receivables 1.02b/758.9m, Revenue 4.64b/3.42b)
GMI: 1.01 (GM 12.09% / 11.92%)
AQI: 5.91 (AQ_t 0.03 / AQ_t-1 0.01)
SGI: 1.36 (Revenue 4.64b / 3.42b)
TATA: 0.05 (NI 470.1m - CFO 256.7m) / TA 3.91b)
Beneish M = 0.15 (Cap -4..+1) = D

What is the price of FN shares?

As of August 21, 2026, the stock is trading at USD 454.55 with a total of 1,641,551 shares traded. Over the past week, the price has changed by -20.52%, over one month by -8.03%, over three months by -32.93% and over the past year by +59.36%.

Current recommended Stop Loss: 398.70 (which is 12.3% or 1.2 ATR below the current price).

Is FN a buy, sell or hold?

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

StrongBuy: 3
Buy: 2
Hold: 4
Sell: 0
StrongSell: 0

What are the forecasts/targets for the FN price?

Analysts Target Price	738.2	62.4%

Fabrinet (FN) - Fundamental Data Overview as of 20 August 2026

Market Cap USD = 17.3b (17.3b USD * 1.0 USD.USD)
P/E Trailing = 45.8736
P/E Forward = 12.8205
P/S = 4.0835
P/B = 8.7387
P/EG = 1.19
Revenue TTM = 4.64b USD
EBIT TTM = 462.9m USD
EBITDA TTM = 531.3m USD
Long Term Debt = 2.82m USD (estimated: total debt 4.01m - short term 1.19m)
Short Term Debt = 1.19m USD (from shortTermDebt, last quarter)
Debt = 8.44m USD (from shortLongTermDebtTotal, last quarter) + Leases 4.42m
Net Debt = -866.6m USD (calculated: Debt 8.44m - CCE 875.1m)
Enterprise Value = 16.4b USD (17.3b + Debt 8.44m - CCE 875.1m)
Interest Coverage Ratio = 5.51k (Ebit TTM 462.9m / Interest Expense TTM 84.0k)
EV/FCF = 1000.0x (Enterprise Value 16.4b / FCF TTM 4.22m)
FCF Yield = 0.03% (FCF TTM 4.22m / Enterprise Value 16.4b)
FCF Margin = 0.09% (FCF TTM 4.22m / Revenue TTM 4.64b)
Net Margin = 10.13% (Net Income TTM 470.1m / Revenue TTM 4.64b)
Gross Margin = 11.92% ((Revenue TTM 4.64b - Cost of Revenue TTM 4.09b) / Revenue TTM)
Gross Margin QoQ = 12.01% (prev 11.61%)
Tobins Q-Ratio = 4.20 (Enterprise Value 16.4b / Total Assets 3.91b)
Interest Expense / Debt = 1.00% (Interest Expense 84.0k / Debt 8.44m)
Taxrate = 14.79% (82.1m / 555.1m)
NOPAT = 394.4m (EBIT 462.9m * (1 - 14.79%))
Current Ratio = 2.25 (Total Current Assets 3.16b / Total Current Liabilities 1.40b)
Debt / Equity = 0.00 (Debt 8.44m / totalStockholderEquity, last quarter 2.45b)
Debt / EBITDA = -1.63 (Net Debt -866.6m / EBITDA 531.3m)
Debt / FCF = -205.3 (out of range, set to none) (Net Debt -866.6m / FCF TTM 4.22m)
Total Stockholder Equity = 2.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.94% (Net Income 470.1m / Total Assets 3.91b)
RoE = 20.88% (Net Income TTM 470.1m / Total Stockholder Equity 2.25b)
RoCE = 20.54% (EBIT 462.9m / Capital Employed (Equity 2.25b + L.T.Debt 2.82m))
RoIC = 17.32% (NOPAT 394.4m / Invested Capital 2.28b)
WACC = 15.98% (E(17.3b)/V(17.3b) * Re(15.99%) + D(8.44m)/V(17.3b) * Rd(1.00%) * (1-Tc(0.15)))
Discount Rate = 15.99% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -70.31 | Cagr: -0.30%
[DCF] Terminal Value 50.14% ; FCFF base≈85.2m ; Y1≈74.8m ; Y5≈60.4m
[DCF] Fair Price = 36.36 (EV 436.3m - Net Debt -866.6m = Equity 1.30b / Shares 35.8m; r=15.98% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.38 | EPS CAGR: 22.01% | SUE: 3.81 | # QB: 4
Revenue Correlation: 97.73 | Revenue CAGR: 21.50% | SUE: 2.32 | # QB: 7
EPS current Quarter (2026-09-30): EPS=4.07 | Chg30d=+2.60% | Revisions=+25% | Analysts=9
EPS next Quarter (2026-12-31): EPS=4.31 | Chg30d=+3.10% | Revisions=+25% | Analysts=9
EPS current Year (2027-06-30): EPS=17.69 | Chg30d=+2.98% | Revisions=+0% | GrowthEPS=+25.6% | GrowthRev=+25.8%
EPS next Year (2028-06-30): EPS=22.21 | Chg30d=+4.25% | Revisions=+40% | GrowthEPS=+25.5% | GrowthRev=+26.4%
[Analyst] Revisions Ratio: +44% (up=5, down=1)