Fabrinet Stock Today

FN Stock  USD 198.40  1.62  0.81%   

Performance

2 of 100

 
Low
 
High
Weak

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
Fabrinet is selling at 198.40 as of the 18th of March 2024; that is -0.81 percent down since the beginning of the trading day. The stock's open price was 200.02. Fabrinet has only a 6 % chance of going through financial distress over the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Fabrinet are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2022 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
25th of June 2010
Category
Technology
Classification
Information Technology
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company was incorporated in 1999 and is based in George Town, the Cayman Islands. Fabrinet is traded on New York Stock Exchange in the United States.. The company has 36.31 M outstanding shares of which 1.5 M shares are currently sold short in the market by investors with about 2.52 days to cover all shorted shares. More on Fabrinet

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Fabrinet Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fabrinet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fabrinet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOSeamus Grady
Thematic Ideas
(View all Themes)
Business ConcentrationElectronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NYSE Composite, Stock Exchange Of, SP Small-Cap 600, SET Total Return, Electronic Equipment, ESG Investing, Information Technology, Electronic Equipment, Instruments & Components, Electronic Components, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Fabrinet report their recommendations after researching Fabrinet's financial statements, talking to executives and customers, or listening in on Fabrinet's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Fabrinet. The Fabrinet consensus assessment is calculated by taking the average forecast from all of the analysts covering Fabrinet.
Financial Strength
Based on the key indicators related to Fabrinet's liquidity, profitability, solvency, and operating efficiency, Fabrinet may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Fabrinet is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.110.14
Significantly Down
Slightly volatile
Asset Turnover1.521.54
Fairly Down
Pretty Stable
Gross Profit Margin0.130.15
Fairly Down
Slightly volatile
Total Current Liabilities581.9 M554.2 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total40.2 M33.5 M
Fairly Up
Slightly volatile
Total Assets2.4 B2.3 B
Sufficiently Up
Slightly volatile
Total Current AssetsB1.9 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities257.6 M245.3 M
Sufficiently Up
Slightly volatile
Fabrinet's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Fabrinet's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fabrinet's financial leverage. It provides some insight into what part of Fabrinet's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Fabrinet's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Fabrinet deploys its capital and how much of that capital is borrowed.
Liquidity
Fabrinet cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 13.42 M of total liabilities with total debt to equity ratio (D/E) of 0.02, which may suggest the company is not taking enough advantage from financial leverage. Fabrinet has a current ratio of 2.89, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Fabrinet until it has trouble settling it off, either with new capital or with free cash flow. So, Fabrinet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fabrinet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fabrinet to invest in growth at high rates of return. When we think about Fabrinet's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

(19.85 Million)
Fabrinet (FN) is traded on New York Stock Exchange in USA. It is located in One Nexus Way, George Town, Cayman Islands, KY1-9005 and employs 14,663 people. Fabrinet is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 7.26 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fabrinet's market, we take the total number of its shares issued and multiply it by Fabrinet's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Fabrinet is active under Electronic Equipment, Instruments & Components sector as part of Information Technology industry. The entity has 36.31 M outstanding shares of which 1.5 M shares are currently sold short in the market by investors with about 2.52 days to cover all shorted shares. Fabrinet reports about 401 K in cash with 213.31 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.66.
Check Fabrinet Probability Of Bankruptcy
Ownership Allocation
Fabrinet retains a total of 36.31 Million outstanding shares. The majority of Fabrinet outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Fabrinet to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Fabrinet. Please pay attention to any change in the institutional holdings of Fabrinet as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Fabrinet Ownership Details

Fabrinet Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Fabrinet jumping above the current price in 90 days from now is about 51.28%. The Fabrinet probability density function shows the probability of Fabrinet stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.9116. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Fabrinet will likely underperform. Additionally, the company has an alpha of 0.0401, implying that it can generate a 0.0401 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 198.4HorizonTargetOdds Above 198.4
48.53%90 days
 198.40 
51.28%
Based on a normal probability distribution, the odds of Fabrinet to move above the current price in 90 days from now is about 51.28 (This Fabrinet probability density function shows the probability of Fabrinet Stock to fall within a particular range of prices over 90 days) .

Fabrinet Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Fabrinet that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fabrinet's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Fabrinet's value.
InstituionRecorded OnShares
Whale Rock Capital Management Llc2023-12-31
643.2 K
Polar Capital Holdings Plc2023-12-31
568.3 K
Baillie Gifford & Co Limited.2023-12-31
563.8 K
T. Rowe Price Associates, Inc.2023-12-31
559.8 K
Paradigm Capital Management, Inc.2023-12-31
539.9 K
Congress Asset Management Company, Llp2023-12-31
520.4 K
Jpmorgan Chase & Co2023-12-31
479.2 K
Capital World Investors2023-12-31
478.7 K
Charles Schwab Investment Management Inc2023-12-31
427.9 K
Blackrock Inc2023-12-31
5.8 M
Vanguard Group Inc2023-12-31
4.3 M
View Fabrinet Diagnostics

Fabrinet Historical Income Statement

Fabrinet Income Statement is one of the three primary financial statements used for reporting Fabrinet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fabrinet revenue and expense. Fabrinet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Fabrinet's EBIT is very stable compared to the past year. As of the 18th of March 2024, EBITDA is likely to grow to about 378.6 M, while Total Operating Expenses is likely to drop about 45.6 M. View More Fundamentals

Fabrinet Stock Against Markets

Picking the right benchmark for Fabrinet stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fabrinet stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fabrinet is critical whether you are bullish or bearish towards Fabrinet at a given time. Please also check how Fabrinet's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fabrinet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fabrinet Corporate Directors

Fabrinet corporate directors refer to members of a Fabrinet board of directors. The board of directors generally takes responsibility for the Fabrinet's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Fabrinet's board members must vote for the resolution. The Fabrinet board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gregory DoughertyIndependent DirectorProfile
Frank LevinsonIndependent DirectorProfile
Homa BahramiIndependent DirectorProfile
Virapan PulgesIndependent DirectorProfile

How to buy Fabrinet Stock?

Before investing in Fabrinet, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fabrinet. To buy Fabrinet stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fabrinet. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Fabrinet stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Fabrinet stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Fabrinet stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Fabrinet, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Fabrinet Stock please use our How to Invest in Fabrinet guide.

Already Invested in Fabrinet?

The danger of trading Fabrinet is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fabrinet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fabrinet. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fabrinet is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Fabrinet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fabrinet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fabrinet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fabrinet Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fabrinet. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Fabrinet's price analysis, check to measure Fabrinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fabrinet is operating at the current time. Most of Fabrinet's value examination focuses on studying past and present price action to predict the probability of Fabrinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fabrinet's price. Additionally, you may evaluate how the addition of Fabrinet to your portfolios can decrease your overall portfolio volatility.
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Is Fabrinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fabrinet. If investors know Fabrinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fabrinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.105
Earnings Share
6.92
Revenue Per Share
74.744
Quarterly Revenue Growth
0.066
Return On Assets
0.0803
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.