(FN) Fabrinet - Overview

Sector: Technology | Industry: Electronic Components | Exchange: NYSE (USA) | Market Cap: 19.861m USD | Total Return: 262.2% in 12m

Optical Switches, Transceivers, Lasers, Sensors, Optics
Total Rating 67
Safety 82
Buy Signal 1.03
Electronic Components
Industry Rotation: +28.4
Market Cap: 19.9B
Avg Turnover: 329M USD
ATR: 6.73%
Peers RS (IBD): 90.0
Risk 5d forecast
Volatility84.3%
Rel. Tail Risk-4.85%
Reward TTM
Sharpe Ratio2.16
Alpha186.43
Character TTM
Beta2.628
Beta Downside1.707
Drawdowns 3y
Max DD37.47%
CAGR/Max DD2.40
EPS (Earnings per Share) EPS (Earnings per Share) of FN over the last years for every Quarter: "2021-03": 1.21, "2021-06": 1.31, "2021-09": 1.45, "2021-12": 1.5, "2022-03": 1.5, "2022-06": 1.68, "2022-09": 1.97, "2022-12": 1.9, "2023-03": 1.94, "2023-06": 1.86, "2023-09": 2, "2023-12": 2.08, "2024-03": 2.39, "2024-06": 2.41, "2024-09": 2.1257, "2024-12": 2.61, "2025-03": 2.52, "2025-06": 2.65, "2025-09": 2.92, "2025-12": 3.36, "2026-03": 0,
EPS CAGR: -44.32%
EPS Trend: -4.6%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of FN over the last years for every Quarter: 2021-03: 479.317, 2021-06: 509.567, 2021-09: 543.322, 2021-12: 566.633, 2022-03: 564.395, 2022-06: 587.874, 2022-09: 655.429, 2022-12: 668.656, 2023-03: 665.281, 2023-06: 655.871, 2023-09: 685.477, 2023-12: 712.694, 2024-03: 731.535, 2024-06: 753.261, 2024-09: 804.228, 2024-12: 833.608, 2025-03: 871.799, 2025-06: 909.692, 2025-09: 978.128, 2025-12: 1132.888, 2026-03: null,
Rev. CAGR: 20.42%
Rev. Trend: 96.8%
Last SUE: 4.00
Qual. Beats: 5

Warnings

Volatile

Tailwinds

No distinct edge detected

Description: FN Fabrinet

Fabrinet (NYSE: FN) is a Cayman-incorporated provider of high-precision optical packaging and electro-mechanical manufacturing services, operating across North America, Europe, and the Asia-Pacific. The company’s capabilities span process design, supply-chain management, PCB assembly, integration, final testing, and advanced packaging for a broad portfolio that includes reconfigurable optical add-drop multiplexers, amplifiers, modulators, transceivers, tunable lasers, active optical cables, and a range of lasers and sensors for telecom, data-center, automotive, and medical markets.

In FY 2023 the firm generated $1.15 billion in revenue, a 13% year-over-year increase, and reported an operating margin of roughly 7%, supported by a growing backlog that now exceeds $1.6 billion. The surge in demand for 400 Gbps and higher-speed optical transceivers-driven by AI-fuelled data-center expansion and ongoing telecom capex-remains a key economic driver for Fabrinet’s growth trajectory.

For a deeper dive, see the ValueRay analysis of FN.

Headlines to Watch Out For
  • Optical communications component demand drives revenue
  • Industrial laser market growth impacts sales
  • Supply chain efficiency affects manufacturing costs
  • Datacenter interconnect demand boosts product sales
Piotroski VR‑10 (Strict) 4.5
Net Income: 374.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -9.24 > 1.0
NWC/Revenue: 44.63% < 20% (prev 49.18%; Δ -4.56% < -1%)
CFO/TA 0.09 > 3% & CFO 278.1m > Net Income 374.1m
Net Debt (-3.43m) to EBITDA (458.0m): -0.01 < 3
Current Ratio: 2.68 > 1.5 & < 3
Outstanding Shares: last quarter (36.2m) vs 12m ago -0.62% < -2%
Gross Margin: 12.01% > 18% (prev 0.12%; Δ 1.19k% > 0.5%)
Asset Turnover: 134.0% > 50% (prev 122.8%; Δ 11.15% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)
Altman Z'' 8.95
A: 0.53 (Total Current Assets 2.77b - Total Current Liabilities 1.04b) / Total Assets 3.27b
B: 0.70 (Retained Earnings 2.30b / Total Assets 3.27b)
C: 0.14 (EBIT TTM 400.7m / Avg Total Assets 2.91b)
D: 2.14 (Book Value of Equity 2.32b / Total Liabilities 1.08b)
Altman-Z'' Score: 8.95 = AAA
Beneish M -2.41
DSRI: 0.95 (Receivables 801.7m/680.1m, Revenue 3.89b/3.12b)
GMI: 1.02 (GM 12.01% / 12.27%)
AQI: 1.73 (AQ_t 0.01 / AQ_t-1 0.01)
SGI: 1.25 (Revenue 3.89b / 3.12b)
TATA: 0.03 (NI 374.1m - CFO 278.1m) / TA 3.27b)
Beneish M-Score: -2.41 (Cap -4..+1) = BBB
What is the price of FN shares? As of April 11, 2026, the stock is trading at USD 662.13 with a total of 1,072,150 shares traded.
Over the past week, the price has changed by +19.44%, over one month by +21.93%, over three months by +43.03% and over the past year by +262.22%.
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 582.2 -12.1%
Fabrinet (FN) - Fundamental Data Overview as of 08 April 2026
P/E Trailing = 53.1496
P/E Forward = 12.8205
P/S = 5.1023
P/B = 9.1496
P/EG = 1.19
Revenue TTM = 3.89b USD
EBIT TTM = 400.7m USD
EBITDA TTM = 458.0m USD
Long Term Debt = 4.88m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.69m USD (from shortTermDebt, last quarter)
Debt = 8.08m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.43m USD (recalculated: Debt 8.08m - CCE 11.5m)
Enterprise Value = 19.86b USD (19.86b + Debt 8.08m - CCE 11.5m)
 Interest Coverage Ratio = unknown (Ebit TTM 400.7m / Interest Expense TTM 0.0)
 EV/FCF = 195.1x (Enterprise Value 19.86b / FCF TTM 101.8m)
FCF Yield = 0.51% (FCF TTM 101.8m / Enterprise Value 19.86b)
FCF Margin = 2.62% (FCF TTM 101.8m / Revenue TTM 3.89b)
Net Margin = 9.61% (Net Income TTM 374.1m / Revenue TTM 3.89b)
Gross Margin = 12.01% ((Revenue TTM 3.89b - Cost of Revenue TTM 3.42b) / Revenue TTM)
Gross Margin QoQ = 12.15% (prev 11.90%)
Tobins Q-Ratio = 6.08 (Enterprise Value 19.86b / Total Assets 3.27b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 8.08m)
Taxrate = 5.93% (7.10m / 119.7m)
NOPAT = 376.9m (EBIT 400.7m * (1 - 5.93%))
Current Ratio = 2.68 (Total Current Assets 2.77b / Total Current Liabilities 1.04b)
Debt / Equity = 0.00 (Debt 8.08m / totalStockholderEquity, last quarter 2.18b)
Debt / EBITDA = -0.01 (Net Debt -3.43m / EBITDA 458.0m)
Debt / FCF = -0.03 (Net Debt -3.43m / FCF TTM 101.8m)
Total Stockholder Equity = 2.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.88% (Net Income 374.1m / Total Assets 3.27b)
RoE = 18.39% (Net Income TTM 374.1m / Total Stockholder Equity 2.03b)
RoCE = 19.65% (EBIT 400.7m / Capital Employed (Equity 2.03b + L.T.Debt 4.88m))
RoIC = 18.53% (NOPAT 376.9m / Invested Capital 2.03b)
WACC = 15.22% (E(19.86b)/V(19.87b) * Re(15.23%) + D(8.08m)/V(19.87b) * Rd(0.0%) * (1-Tc(0.06)))
Discount Rate = 15.23% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.64%
[DCF] Terminal Value 61.50% ; FCFF base≈186.8m ; Y1≈230.4m ; Y5≈393.1m
[DCF] Fair Price = 74.11 (EV 2.65b - Net Debt -3.43m = Equity 2.66b / Shares 35.8m; r=15.22% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -4.60 | EPS CAGR: -44.32% | SUE: -4.0 | # QB: 0
Revenue Correlation: 96.83 | Revenue CAGR: 20.42% | SUE: 4.0 | # QB: 5
EPS current Year (2026-06-30): EPS=13.58 | Chg7d=+0.000 | Chg30d=+0.031 | Revisions Net=-1 | Growth EPS=+33.5% | Growth Revenue=+32.7%
EPS next Year (2027-06-30): EPS=16.29 | Chg7d=+0.444 | Chg30d=+0.753 | Revisions Net=-1 | Growth EPS=+20.0% | Growth Revenue=+18.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 13.3% (Discount Rate 15.2% - Earnings Yield 1.9%)
[Growth] Growth Spread = +4.6% (Analyst 18.0% - Implied 13.3%)
External Resources
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