FN Stock Analysis: Fabrinet | NYSE

Switching Products, Optical Transceivers, Industrial Lasers, Sensors

Total Rating 31

Safety 26

Buy Signal 0.05

Electronic Components
Industry Rotation: -28.2

Market Cap: 11.3B
Avg Turnover: 375M

Risk 3d forecast

Volatility88.6%

VaR 5^th Pctl15.0%

VaR vs Median2.79%

Reward TTM

Sharpe Ratio0.09

Rel. Str. IBD7.3

Rel. Str. Peer Group3.8 pctl

Character TTM

Beta2.890

Beta Downside2.598

Hurst Exponent0.449

Choppyness71.9%

Drawdowns 3y

Max DD57.84%

CAGR/Max DD0.50

CAGR/Mean DD2.01

EPS (Earnings per Share)

EPS CAGR: 23.76%
EPS Trend: 97.1%

Last SUE: 2.04
Qual. Beats: 5

Revenue

Rev. CAGR: 25.17%
Rev. Trend: 97.8%

Last SUE: 3.99
Qual. Beats: 8

Warnings

Beneish M-Score Likely Earnings Manipulation

Below Sma 200d

Tailwinds

Pead

Confidence

Garp

Seasonality 11.7 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 +2.0% 10

Sep -1.9% 19

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 an electronic manufacturing services (EMS) provider specializing in optical packaging and precision optical, electro-mechanical, and electronic assembly for original equipment manufacturers (OEMs). The company was incorporated in 1999, is headquartered in George Town, Cayman Islands, and has been listed on the NYSE since its 2010 IPO. It operates across North America, the Asia-Pacific, and Europe.

Its manufacturing capabilities span process design and engineering, supply chain management, printed circuit board assembly, packaging, integration, final assembly, and testing. Unlike general EMS firms that focus on consumer electronics PCB assembly, Fabrinet is positioned in a higher-complexity niche centered on photonics and precision optics, which typically requires specialized cleanroom environments and tight tolerance work.

Fabrinets products serve several end-markets: optical communications (switching components, transceivers, tunable lasers, transponders, and active optical cables for data centers and telecom networks); industrial lasers (solid-state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology, metrology, and material processing); automotive and medical sensors (differential pressure, micro-gyro, fuel, and non-contact temperature sensors); and custom optical components (application-specific crystals, lenses, prisms, mirrors, and borosilicate, clear fused quartz, and synthetic fused silica glass products).

Its customer base consists of OEMs in optical communication components and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The optical communications segment is closely tied to demand from cloud data centers, hyperscale networking build-outs, and telecom infrastructure upgrades.

Headlines to Watch Out For

AI data center capex drives optical transceiver demand higher
Optical communications segment revenue outpaces industrial laser growth
Gross margin expands on complex packaging and favorable product mix

Piotroski VR-10 (Strict) 5.5

Net Income: 483.6m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -11.12 > 1.0
NWC/Revenue: 33.94% < 20% (prev 46.02%; Δ -12.07% < -1%)
CFO/TA 0.04 > 3% & CFO 175.4m > Net Income 483.6m
Net Debt (-736.9m) to EBITDA (583.1m): -1.26 < 3
Current Ratio: 2.04 > 1.5 & < 3
Outstanding Shares: last quarter (36.2m) vs 12m ago 0.38% < -2%
Gross Margin: 11.95% > 18% (prev 11.99%; Δ -0.04% > 0.5%)
Asset Turnover: 140.2% > 50% (prev 119.4%; Δ 20.82% > 0%)
Interest Coverage Ratio: 6.13k > 6 (EBIT TTM 514.7m / Interest Expense TTM 84.0k)

Altman Z'' 7.08

A: 0.40 (Total Current Assets 3.42b - Total Current Liabilities 1.68b) / Total Assets 4.32b
B: 0.62 (Retained Earnings 2.67b / Total Assets 4.32b)
C: 0.14 (EBIT TTM 514.7m / Avg Total Assets 3.66b)
D: 1.40 (Book Value of Equity 2.52b / Total Liabilities 1.80b)
Altman-Z'' = 7.08 = AAA

Beneish M -1.29

DSRI: 1.15 (Receivables 1.16b/706.9m, Revenue 5.14b/3.59b)
GMI: 1.00 (GM 11.99% / 11.95%)
AQI: 3.18 (AQ_t 0.03 / AQ_t-1 0.01)
SGI: 1.43 (Revenue 5.14b / 3.59b)
TATA: 0.07 (NI 483.6m - CFO 175.4m) / TA 4.32b)
Beneish M = -1.29 (Cap -4..+1) = D

What is the price of FN shares?

As of November 04, 2026, the stock is trading at USD 363.33 with a total of 2,361,438 shares traded. Over the past week, the price has changed by +5.86%, over one month by -19.94%, over three months by -20.31% and over the past year by -17.98%.

Current recommended Stop Loss: 330.00 (which is 9.2% or 1.3 ATR below the current price).

Is FN a buy, sell or hold?

Fabrinet has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy FN.

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

What are the forecasts/targets for the FN price?

Analysts Target Price	640.4	76.3%

Fabrinet (FN) - Fundamental Data Overview as of 04 November 2026

Market Cap USD = 11.3b (11.3b USD * 1.0 USD.USD)
P/E Trailing = 25.0757
P/E Forward = 12.8205
P/S = 2.4299
P/B = 4.7788
P/EG = 1.19
Revenue TTM = 5.14b USD
EBIT TTM = 514.7m USD
EBITDA TTM = 583.1m USD
Long Term Debt = 2.65m USD (estimated: total debt 14.8m - short term 12.1m)
Short Term Debt = 12.1m USD (from shortTermDebt, last quarter)
Debt = 18.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 4.01m
Net Debt = -736.9m USD (calculated: Debt 18.8m - CCE 755.8m)
Enterprise Value = 10.5b USD (11.3b + Debt 18.8m - CCE 755.8m)
Interest Coverage Ratio = 6.13k (Ebit TTM 514.7m / Interest Expense TTM 84.0k)
EV/FCF = -54.99x (Enterprise Value 10.5b / FCF TTM -191.7m)
FCF Yield = -1.82% (FCF TTM -191.7m / Enterprise Value 10.5b)
FCF Margin = -3.73% (FCF TTM -191.7m / Revenue TTM 5.14b)
Net Margin = 9.41% (Net Income TTM 483.6m / Revenue TTM 5.14b)
Gross Margin = 11.95% ((Revenue TTM 5.14b - Cost of Revenue TTM 4.52b) / Revenue TTM)
Gross Margin QoQ = 11.79% (prev 12.27%)
Tobins Q-Ratio = 2.44 (Enterprise Value 10.5b / Total Assets 4.32b)
Interest Expense / Debt = 0.45% (Interest Expense 84.0k / Debt 18.8m)
Taxrate = 8.67% (50.6m / 583.2m)
NOPAT = 470.1m (EBIT 514.7m * (1 - 8.67%))
Current Ratio = 2.04 (Total Current Assets 3.42b / Total Current Liabilities 1.68b)
Debt / Equity = 0.01 (Debt 18.8m / totalStockholderEquity, last quarter 2.52b)
Debt / EBITDA = -1.26 (Net Debt -736.9m / EBITDA 583.1m)
Debt / FCF = 3.84 (negative FCF - burning cash) (Net Debt -736.9m / FCF TTM -191.7m)
Total Stockholder Equity = 2.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.20% (Net Income 483.6m / Total Assets 4.32b)
RoE = 20.45% (Net Income TTM 483.6m / Total Stockholder Equity 2.36b)
RoCE = 21.74% (EBIT 514.7m / Capital Employed (Equity 2.36b + L.T.Debt 2.65m))
RoIC = 19.62% (NOPAT 470.1m / Invested Capital 2.40b)
WACC = 15.31% (E(11.3b)/V(11.3b) * Re(15.33%) + D(18.8m)/V(11.3b) * Rd(0.45%) * (1-Tc(0.09)))
Discount Rate = 15.33% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: -65.71 | Cagr: -0.37%
[DCF] Fair Price = unknown (Cash Flow -191.7m)
EPS Correlation: 97.13 | EPS CAGR: 23.76% | SUE: 2.04 | # QB: 5
Revenue Correlation: 97.84 | Revenue CAGR: 25.17% | SUE: 3.99 | # QB: 8
EPS current Quarter (2026-12-31): EPS=4.43 | Chg30d=+0.37% | Revisions=+70% | Analysts=9
EPS next Quarter (2027-03-31): EPS=4.67 | Chg30d=+0.35% | Revisions=+70% | Analysts=9
EPS current Year (2027-06-30): EPS=18.25 | Chg30d=+0.32% | Revisions=+0% | GrowthEPS=+29.6% | GrowthRev=+31.9%
EPS next Year (2028-06-30): EPS=21.96 | Chg30d=+0.80% | Revisions=+57% | GrowthEPS=+20.3% | GrowthRev=+20.0%
[Analyst] Revisions Ratio: +86% (up=18, down=0)