FABRINET (FN) Stock Fundamental Analysis
NYSE:FN - KYG3323L1005 - Common Stock
335.7 USD
+4.41 (+1.33%)
335.7 USD
0 (0%)
FN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. FN gets an excellent profitability rating and is at the same time showing great financial health properties. FN is valued quite expensively, but it does show have an excellent growth rating. These ratings could make FN a good candidate 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.
Each year in the past 5 years FN has been profitable.
In the past 5 years FN always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 11.74%, FN belongs to the best of the industry, outperforming 92.00% of the companies in the same industry.
FN has a Return On Equity of 16.78%. This is amongst the best in the industry. FN outperforms 88.00% of its industry peers.
The Return On Invested Capital of FN (12.73%) is better than 88.80% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FN is above the industry average of 9.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.74% | ||
| ROE | 16.78% | ||
| ROIC | 12.73% |
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
The Profit Margin of FN (9.72%) is better than 83.20% of its industry peers.
FN's Profit Margin has improved in the last couple of years.
FN has a Operating Margin of 9.53%. This is in the better half of the industry: FN outperforms 76.00% of its industry peers.
FN's Operating Margin has improved in the last couple of years.
FN has a Gross Margin of 12.09%. This is in the lower half of the industry: FN underperforms 75.20% of its industry peers.
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 | 9.53% | ||
| PM (TTM) | 9.72% | ||
| GM | 12.09% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FN is creating some value.
FN has less shares outstanding than it did 1 year ago.
FN has less shares outstanding than it did 5 years ago.
There is no outstanding debt for FN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
FN has an Altman-Z score of 11.78. This indicates that FN is financially healthy and has little risk of bankruptcy at the moment.
FN has a Altman-Z score of 11.78. This is amongst the best in the industry. FN outperforms 91.20% of its industry peers.
There is no outstanding debt for FN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 11.78 |
ROIC/WACC1.36
WACC9.38%
2.3 Liquidity
A Current Ratio of 3.00 indicates that FN has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.00, FN is doing good in the industry, outperforming 63.20% of the companies in the same industry.
A Quick Ratio of 2.28 indicates that FN has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.28, FN is doing good in the industry, outperforming 65.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3 | ||
| Quick Ratio | 2.28 |
3. Growth
3.1 Past
FN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.53%, which is quite good.
FN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.15% yearly.
Looking at the last year, FN shows a quite strong growth in Revenue. The Revenue has grown by 18.60% in the last year.
The Revenue has been growing by 15.80% on average over the past years. This is quite good.
EPS 1Y (TTM)14.53%
EPS 3Y18.38%
EPS 5Y22.15%
EPS Q2Q%9.96%
Revenue 1Y (TTM)18.6%
Revenue growth 3Y14.76%
Revenue growth 5Y15.8%
Sales Q2Q%20.77%
3.2 Future
Based on estimates for the next years, FN will show a very strong growth in Earnings Per Share. The EPS will grow by 20.45% on average per year.
Based on estimates for the next years, FN will show a quite strong growth in Revenue. The Revenue will grow by 16.65% on average per year.
EPS Next Y22.01%
EPS Next 2Y21.15%
EPS Next 3Y20.45%
EPS Next 5YN/A
Revenue Next Year15.25%
Revenue Next 2Y17.33%
Revenue Next 3Y16.65%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 33.01, FN can be considered very expensive at the moment.
FN's Price/Earnings ratio is a bit cheaper when compared to the industry. FN is cheaper than 60.80% of the companies in the same industry.
FN is valuated rather expensively when we compare the Price/Earnings ratio to 26.90, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 27.05, the valuation of FN can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as FN.
When comparing the Price/Forward Earnings ratio of FN to the average of the S&P500 Index (22.52), we can say FN is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.01 | ||
| Fwd PE | 27.05 |
4.2 Price Multiples
FN's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as FN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 58.07 | ||
| EV/EBITDA | 27.5 |
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.
FN's earnings are expected to grow with 20.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.5
PEG (5Y)1.49
EPS Next 2Y21.15%
EPS Next 3Y20.45%
5. Dividend
5.1 Amount
No dividends for FN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
335.7
+4.41 (+1.33%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners110.16%
Inst Owner Change1.51%
Ins Owners0.23%
Ins Owner Change-0.24%
Market Cap11.99B
Analysts76.67
Price Target319.39 (-4.86%)
Short Float %3.54%
Short Ratio1.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.18%
Min EPS beat(2)-2.44%
Max EPS beat(2)-1.91%
EPS beat(4)1
Avg EPS beat(4)-1.37%
Min EPS beat(4)-2.55%
Max EPS beat(4)1.4%
EPS beat(8)4
Avg EPS beat(8)1.57%
EPS beat(12)7
Avg EPS beat(12)1.82%
EPS beat(16)9
Avg EPS beat(16)1.84%
Revenue beat(2)0
Avg Revenue beat(2)-0.69%
Min Revenue beat(2)-1.19%
Max Revenue beat(2)-0.19%
Revenue beat(4)1
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.35%
Revenue beat(8)2
Avg Revenue beat(8)-0.18%
Revenue beat(12)3
Avg Revenue beat(12)-0.21%
Revenue beat(16)5
Avg Revenue beat(16)-0.47%
PT rev (1m)15.17%
PT rev (3m)24.32%
EPS NQ rev (1m)3.39%
EPS NQ rev (3m)2.17%
EPS NY rev (1m)3.64%
EPS NY rev (3m)4.07%
Revenue NQ rev (1m)2.45%
Revenue NQ rev (3m)2.26%
Revenue NY rev (1m)2%
Revenue NY rev (3m)2.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.01 | ||
| Fwd PE | 27.05 | ||
| P/S | 3.51 | ||
| P/FCF | 58.07 | ||
| P/OCF | 36.53 | ||
| P/B | 6.05 | ||
| P/tB | 6.06 | ||
| EV/EBITDA | 27.5 |
EPS(TTM)10.17
EY3.03%
EPS(NY)12.41
Fwd EY3.7%
FCF(TTM)5.78
FCFY1.72%
OCF(TTM)9.19
OCFY2.74%
SpS95.7
BVpS55.47
TBVpS55.41
PEG (NY)1.5
PEG (5Y)1.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.74% | ||
| ROE | 16.78% | ||
| ROCE | 16.12% | ||
| ROIC | 12.73% | ||
| ROICexc | 23.68% | ||
| ROICexgc | 23.72% | ||
| OM | 9.53% | ||
| PM (TTM) | 9.72% | ||
| GM | 12.09% | ||
| FCFM | 6.04% |
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%
ROICexcg growth 3Y6.17%
ROICexcg 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-Score4
Asset Turnover1.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 227.98% | ||
| Cap/Sales | 3.56% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 86.57% | ||
| Profit Quality | 62.12% | ||
| Current Ratio | 3 | ||
| Quick Ratio | 2.28 | ||
| Altman-Z | 11.78 |
F-Score4
WACC9.38%
ROIC/WACC1.36
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)14.53%
EPS 3Y18.38%
EPS 5Y22.15%
EPS Q2Q%9.96%
EPS Next Y22.01%
EPS Next 2Y21.15%
EPS Next 3Y20.45%
EPS Next 5YN/A
Revenue 1Y (TTM)18.6%
Revenue growth 3Y14.76%
Revenue growth 5Y15.8%
Sales Q2Q%20.77%
Revenue Next Year15.25%
Revenue Next 2Y17.33%
Revenue Next 3Y16.65%
Revenue Next 5YN/A
EBIT growth 1Y17.38%
EBIT growth 3Y16.77%
EBIT growth 5Y22.58%
EBIT Next Year34.56%
EBIT Next 3Y24.74%
EBIT Next 5YN/A
FCF growth 1Y-43.37%
FCF growth 3Y83.07%
FCF growth 5Y14.03%
OCF growth 1Y-20.52%
OCF growth 3Y38.26%
OCF growth 5Y16.86%