FABRINET (FN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FN - KYG3323L1005 - Common Stock
447.23 USD
+4.29 (+0.97%)
447.22 USD
-0.01 (0%)
Overall FN gets a fundamental rating of 7 out of 10. We evaluated FN against 125 industry peers in the Electronic Equipment, Instruments & Components industry. FN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. FN is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make FN suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year FN was profitable.
In the past year FN had a positive cash flow from operations.
In the past 5 years FN has always been profitable.
Each year in the past 5 years FN had a positive operating cash flow.
1.2 Ratios
FN has a better Return On Assets (11.67%) than 92.74% of its industry peers.
With an excellent Return On Equity value of 17.03%, FN belongs to the best of the industry, outperforming 86.29% of the companies in the same industry.
The Return On Invested Capital of FN (12.89%) is better than 90.32% of its industry peers.
FN had an Average Return On Invested Capital over the past 3 years of 12.90%. This is above the industry average of 8.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.67% | ||
| ROE | 17.03% | ||
| ROIC | 12.89% |
ROA(3y)12.31%
ROA(5y)11.41%
ROE(3y)16.88%
ROE(5y)15.99%
ROIC(3y)12.9%
ROIC(5y)12.26%
1.3 Margins
FN's Profit Margin of 9.77% is amongst the best of the industry. FN outperforms 81.45% of its industry peers.
In the last couple of years the Profit Margin of FN has grown nicely.
With a decent Operating Margin value of 9.55%, FN is doing good in the industry, outperforming 75.81% of the companies in the same industry.
In the last couple of years the Operating Margin of FN has grown nicely.
Looking at the Gross Margin, with a value of 11.99%, FN is doing worse than 76.61% of the companies in the same industry.
In the last couple of years the Gross Margin of FN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.55% | ||
| PM (TTM) | 9.77% | ||
| GM | 11.99% |
OM growth 3Y1.75%
OM growth 5Y5.86%
PM growth 3Y3.16%
PM growth 5Y7.07%
GM growth 3Y-0.62%
GM growth 5Y1.3%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FN is still creating some value.
Compared to 1 year ago, FN has less shares outstanding
Compared to 5 years ago, FN has less shares outstanding
FN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
FN has an Altman-Z score of 13.39. This indicates that FN is financially healthy and has little risk of bankruptcy at the moment.
FN has a Altman-Z score of 13.39. This is amongst the best in the industry. FN outperforms 90.32% of its industry peers.
FN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 13.39 |
ROIC/WACC1.37
WACC9.39%
2.3 Liquidity
FN has a Current Ratio of 2.83. This indicates that FN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.83, FN is in line with its industry, outperforming 58.87% of the companies in the same industry.
FN has a Quick Ratio of 2.03. This indicates that FN is financially healthy and has no problem in meeting its short term obligations.
FN has a Quick ratio of 2.03. This is in the better half of the industry: FN outperforms 60.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.83 | ||
| Quick Ratio | 2.03 |
3. Growth
3.1 Past
FN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.43%, which is quite good.
The Earnings Per Share has been growing by 22.15% on average over the past years. This is a very strong growth
FN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.71%.
The Revenue has been growing by 15.80% on average over the past years. This is quite good.
EPS 1Y (TTM)15.43%
EPS 3Y18.38%
EPS 5Y22.15%
EPS Q2Q%22.18%
Revenue 1Y (TTM)19.71%
Revenue growth 3Y14.76%
Revenue growth 5Y15.8%
Sales Q2Q%21.62%
3.2 Future
FN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.10% yearly.
FN is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.43% yearly.
EPS Next Y33.92%
EPS Next 2Y25.87%
EPS Next 3Y24.1%
EPS Next 5YN/A
Revenue Next Year28.91%
Revenue Next 2Y23.06%
Revenue Next 3Y21.43%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 41.80 indicates a quite expensive valuation of FN.
Compared to the rest of the industry, the Price/Earnings ratio of FN is on the same level as its industry peers.
FN is valuated expensively when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 27.75, the valuation of FN can be described as expensive.
FN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.92. FN is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.8 | ||
| Fwd PE | 27.75 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FN is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 79.77 | ||
| EV/EBITDA | 36.1 |
4.3 Compensation for Growth
FN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of FN may justify a higher PE ratio.
A more expensive valuation may be justified as FN's earnings are expected to grow with 24.10% in the coming years.
PEG (NY)1.23
PEG (5Y)1.89
EPS Next 2Y25.87%
EPS Next 3Y24.1%
5. Dividend
5.1 Amount
No dividends for FN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
447.23
+4.29 (+0.97%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners110.72%
Inst Owner Change-0.01%
Ins Owners0.17%
Ins Owner Change-1.42%
Market Cap16.02B
Revenue(TTM)3.59B
Net Income(TTM)351.06M
Analysts78.95
Price Target531.38 (18.82%)
Short Float %4.35%
Short Ratio2.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.96%
Min EPS beat(2)-2.44%
Max EPS beat(2)0.53%
EPS beat(4)2
Avg EPS beat(4)-0.61%
Min EPS beat(4)-2.44%
Max EPS beat(4)1.4%
EPS beat(8)4
Avg EPS beat(8)1.09%
EPS beat(12)7
Avg EPS beat(12)1.02%
EPS beat(16)9
Avg EPS beat(16)1.49%
Revenue beat(2)1
Avg Revenue beat(2)0.76%
Min Revenue beat(2)-0.19%
Max Revenue beat(2)1.71%
Revenue beat(4)1
Avg Revenue beat(4)-0.07%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.71%
Revenue beat(8)2
Avg Revenue beat(8)-0.09%
Revenue beat(12)3
Avg Revenue beat(12)-0.15%
Revenue beat(16)5
Avg Revenue beat(16)-0.42%
PT rev (1m)1.49%
PT rev (3m)60.89%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)9.73%
EPS NY rev (1m)0.17%
EPS NY rev (3m)8.61%
Revenue NQ rev (1m)0.54%
Revenue NQ rev (3m)10.12%
Revenue NY rev (1m)0.58%
Revenue NY rev (3m)9.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.8 | ||
| Fwd PE | 27.75 | ||
| P/S | 4.46 | ||
| P/FCF | 79.77 | ||
| P/OCF | 46.08 | ||
| P/B | 7.77 | ||
| P/tB | 7.78 | ||
| EV/EBITDA | 36.1 |
EPS(TTM)10.7
EY2.39%
EPS(NY)16.11
Fwd EY3.6%
FCF(TTM)5.61
FCFY1.25%
OCF(TTM)9.71
OCFY2.17%
SpS100.29
BVpS57.53
TBVpS57.47
PEG (NY)1.23
PEG (5Y)1.89
Graham Number117.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.67% | ||
| ROE | 17.03% | ||
| ROCE | 16.31% | ||
| ROIC | 12.89% | ||
| ROICexc | 23.89% | ||
| ROICexgc | 23.94% | ||
| OM | 9.55% | ||
| PM (TTM) | 9.77% | ||
| GM | 11.99% | ||
| FCFM | 5.59% |
ROA(3y)12.31%
ROA(5y)11.41%
ROE(3y)16.88%
ROE(5y)15.99%
ROIC(3y)12.9%
ROIC(5y)12.26%
ROICexc(3y)23.01%
ROICexc(5y)21.57%
ROICexgc(3y)23.06%
ROICexgc(5y)21.65%
ROCE(3y)16.33%
ROCE(5y)15.52%
ROICexgc growth 3Y6.17%
ROICexgc growth 5Y7.2%
ROICexc growth 3Y6.25%
ROICexc growth 5Y7.33%
OM growth 3Y1.75%
OM growth 5Y5.86%
PM growth 3Y3.16%
PM growth 5Y7.07%
GM growth 3Y-0.62%
GM growth 5Y1.3%
F-Score3
Asset Turnover1.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 264.45% | ||
| Cap/Sales | 4.09% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.24% | ||
| Profit Quality | 57.22% | ||
| Current Ratio | 2.83 | ||
| Quick Ratio | 2.03 | ||
| Altman-Z | 13.39 |
F-Score3
WACC9.39%
ROIC/WACC1.37
Cap/Depr(3y)156.27%
Cap/Depr(5y)165.07%
Cap/Sales(3y)2.53%
Cap/Sales(5y)2.79%
Profit Quality(3y)82.06%
Profit Quality(5y)62.6%
High Growth Momentum
Growth
EPS 1Y (TTM)15.43%
EPS 3Y18.38%
EPS 5Y22.15%
EPS Q2Q%22.18%
EPS Next Y33.92%
EPS Next 2Y25.87%
EPS Next 3Y24.1%
EPS Next 5YN/A
Revenue 1Y (TTM)19.71%
Revenue growth 3Y14.76%
Revenue growth 5Y15.8%
Sales Q2Q%21.62%
Revenue Next Year28.91%
Revenue Next 2Y23.06%
Revenue Next 3Y21.43%
Revenue Next 5YN/A
EBIT growth 1Y18.04%
EBIT growth 3Y16.77%
EBIT growth 5Y22.58%
EBIT Next Year53.87%
EBIT Next 3Y30.19%
EBIT Next 5YN/A
FCF growth 1Y-14.2%
FCF growth 3Y83.07%
FCF growth 5Y14.03%
OCF growth 1Y16.8%
OCF growth 3Y38.26%
OCF growth 5Y16.86%
FABRINET / FN FAQ
Can you provide the ChartMill fundamental rating for FABRINET?
ChartMill assigns a fundamental rating of 7 / 10 to FN.
What is the valuation status of FABRINET (FN) stock?
ChartMill assigns a valuation rating of 4 / 10 to FABRINET (FN). This can be considered as Fairly Valued.
Can you provide the profitability details for FABRINET?
FABRINET (FN) has a profitability rating of 8 / 10.
How financially healthy is FABRINET?
The financial health rating of FABRINET (FN) is 9 / 10.