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Fabrinet (FN) Stock Analysis

Here is a fundamental analysis of Fabrinet (FN), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

FN
GSPC
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Fabrinet (FN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fabrinet (FN) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Fabrinet (FN) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: FNIndustry group median
1-Year Return137.77%69.29%

Risk

Drawdown

FN
GSPC
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Fabrinet (FN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Fabrinet (FN) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: FNIndustry group median
1-Year Volatility67.00%53.66%
Beta1.191.32

Company Profile

Company profile fields for Fabrinet (FN)
Profile ItemFN
NameFabrinet
Country/RegionCayman Islands
GICS SectorInformation Technology
GICS Industry GroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
GICS Sub-IndustryElectronic Manufacturing Services
Market Capitalization21.89 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateJune 25, 2010
Security TypeCommon Stock

Valuation

Price-to-Earnings Ratio (TTM)

Fabrinet (FN) trades at P/E ratio of 52.36, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

FN

Technology Hardware & Equipment industry group

52.36

Group distribution
Max
171.43
Q3
83.19
FN
52.36
Median
39.13
Q1
23.68
Min
9.35
Largest peers
STX
88.50
SNDK
67.56
ANET
56.10
FN
52.36
CSCO
40.37
AAPL
35.20
DELL
31.54
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Where Fabrinet (FN) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Fabrinet (FN) trades at 5.17 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

FN

Technology Hardware & Equipment industry group

5.17

Group distribution
Max
19.39
Q3
9.05
FN
5.17
Median
4.10
Q1
1.42
Min
0.00
Largest peers
SNDK
22.24
ANET
21.17
STX
19.13
AAPL
9.47
CSCO
7.86
FN
5.17
DELL
1.91
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Where Fabrinet (FN) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Fabrinet (FN) trades at 9.50 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

FN

Technology Hardware & Equipment industry group

9.50

Group distribution
Max
17.76
FN
9.50
Q3
9.32
Median
4.56
Q1
2.09
Min
-3.27
Largest peers
STX
190.79
AAPL
40.10
SNDK
21.27
ANET
15.24
CSCO
9.77
FN
9.50
DELL
-182.88
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Where Fabrinet (FN) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Fabrinet (FN) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: FNIndustry group median
Price-to-Earnings Ratio (TTM)52.3639.13
Price-to-Sales Ratio (TTM)5.174.10
Price-to-Book Ratio (MRQ)9.504.56
Free Cash Flow Yield-0.36%1.95%

Profitability

Return on Equity (TTM)

Fabrinet (FN) posts ROE of 19.99%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

FN

Technology Hardware & Equipment industry group

19.99%

Group distribution
Max
44.16%
FN
19.99%
Q3
19.25%
Median
10.96%
Q1
0.71%
Min
-25.92%
Largest peers
STX
1,787.97%
AAPL
141.47%
SNDK
39.30%
ANET
31.52%
CSCO
25.23%
FN
19.99%
DELL
--
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Where Fabrinet (FN) stands on ROE within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Fabrinet (FN) keeps 9.94% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

FN

Technology Hardware & Equipment industry group

9.94%

Group distribution
Max
30.43%
Q3
12.35%
FN
9.94%
Median
4.45%
Q1
0.00%
Min
-14.09%
Largest peers
ANET
38.32%
SNDK
34.19%
AAPL
27.15%
STX
21.60%
CSCO
19.69%
FN
9.94%
DELL
6.28%
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Where Fabrinet (FN) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Fabrinet (FN) turns 9.89% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

FN

Technology Hardware & Equipment industry group

9.89%

Group distribution
Max
35.67%
Q3
15.55%
FN
9.89%
Median
6.62%
Q1
1.55%
Min
-18.45%
Largest peers
SNDK
69.98%
ANET
42.74%
STX
35.67%
AAPL
32.28%
CSCO
24.99%
FN
9.89%
DELL
8.86%
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Where Fabrinet (FN) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Fabrinet (FN) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: FNIndustry group median
Return on Equity (TTM)19.99%10.96%
Return on Assets (TTM)8.52%4.31%
Net Profit Margin (TTM)9.94%4.45%
Operating Profit Margin (TTM)9.89%6.62%
Gross Profit Margin (TTM)12.04%38.82%

Financial Strength

Current Ratio (MRQ)

Fabrinet (FN) has current ratio of 2.55, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

FN

Technology Hardware & Equipment industry group

2.55

Group distribution
Max
5.80
Q3
3.18
FN
2.55
Median
1.90
Q1
1.28
Min
0.40
Largest peers
SNDK
4.78
ANET
2.83
FN
2.55
STX
1.33
AAPL
1.07
DELL
0.95
CSCO
0.93
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Where Fabrinet (FN) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Fabrinet (FN) has debt-to-equity ratio of 0.00, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

FN

Technology Hardware & Equipment industry group

0.00

Group distribution
Max
2.02
Q3
0.88
Median
0.31
Q1
0.05
FN
0.00
Min
0.00
Largest peers
STX
3.82
AAPL
0.80
CSCO
0.68
SNDK
0.02
FN
0.00
DELL
--
ANET
--
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Where Fabrinet (FN) stands on debt-to-equity ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Fabrinet (FN) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: FNIndustry group median
Current Ratio (MRQ)2.551.90
Debt-to-Equity Ratio (MRQ)0.000.31
Net Debt / EBITDA-1.960.91

Dividends

Dividend Yield (TTM)

Fabrinet (FN) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

FN

Technology Hardware & Equipment industry group

0.00%

Group distribution
Max
1.30%
Q3
0.54%
FN
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
CSCO
1.39%
DELL
0.64%
AAPL
0.37%
STX
0.32%
FN
0.00%
SNDK
0.00%
ANET
0.00%
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Where Fabrinet (FN) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Fabrinet (FN) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

FN

Technology Hardware & Equipment industry group

0.00%

Group distribution
Max
37.10%
Q3
15.46%
FN
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
CSCO
55.00%
STX
27.70%
DELL
17.57%
AAPL
12.59%
FN
0.00%
SNDK
0.00%
ANET
0.00%
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Where Fabrinet (FN) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Fabrinet (FN) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: FNIndustry group median
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%