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Fabrinet (FN)

Upturn stock ratingUpturn stock rating
$294.68
Last Close (24-hour delay)
Profit since last BUY29.63%
upturn advisory
Consider higher Upturn Star rating
BUY since 33 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

06/30/2025: FN (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

9 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $253.23

1 Year Target Price $253.23

Analysts Price Target For last 52 week
$253.23Target price
Low$148.55
Current$294.68
high$300.29

Analysis of Past Performance

Type Stock
Historic Profit -27.65%
Avg. Invested days 26
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 10.59B USD
Price to earnings Ratio 32.99
1Y Target Price 253.23
Price to earnings Ratio 32.99
1Y Target Price 253.23
Volume (30-day avg) 9
Beta 0.98
52 Weeks Range 148.55 - 300.29
Updated Date 06/30/2025
52 Weeks Range 148.55 - 300.29
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 8.96

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 10%
Operating Margin (TTM) 9.19%

Management Effectiveness

Return on Assets (TTM) 7.99%
Return on Equity (TTM) 18.3%

Valuation

Trailing PE 32.99
Forward PE -
Enterprise Value 9647301935
Price to Sales(TTM) 3.25
Enterprise Value 9647301935
Price to Sales(TTM) 3.25
Enterprise Value to Revenue 2.96
Enterprise Value to EBITDA 24.2
Shares Outstanding 35830700
Shares Floating 35692706
Shares Outstanding 35830700
Shares Floating 35692706
Percent Insiders 0.36
Percent Institutions 109.02

Analyst Ratings

Rating 3
Target Price 253.23
Buy 2
Strong Buy 3
Buy 2
Strong Buy 3
Hold 4
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Fabrinet

stock logo

Company Overview

overview logo History and Background

Fabrinet was founded in 2000 by David T. Mitchell. It specializes in providing precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers (OEMs). The company initially focused on optical communications but has expanded into other markets like industrial lasers, automotive, and medical devices.

business area logo Core Business Areas

  • Optical Communications: Manufactures complex optical components and modules for telecom and datacom applications.
  • Industrial Lasers: Provides manufacturing services for lasers used in materials processing, medical applications, and scientific research.
  • Automotive: Offers manufacturing solutions for automotive applications, including LiDAR and other sensing technologies.
  • Medical Devices: Manufactures components and modules for medical devices, such as diagnostic equipment and surgical tools.

leadership logo Leadership and Structure

Seamus Grady is the Chief Executive Officer. The company has a standard corporate structure with a board of directors and various executive management positions overseeing different functional areas.

Top Products and Market Share

overview logo Key Offerings

  • Optical Transceivers: Manufactures optical transceivers used in data centers and telecom networks. Market share data is difficult to pinpoint exactly but it's estimated to be around 10-15% within their addressable market segment. Competitors include Lumentum, Coherent, and II-VI Incorporated (now Coherent).
  • LiDAR Systems Components: Provides manufacturing services for components used in LiDAR systems for automotive and industrial applications. Market share within their focus is also difficult to get but it estimated at 10-15%. Key competitors are contract manufacturers like Jabil and Flex but also other manufacturers of optical components.
  • 3D Printing Laser Components: Fabrinet manufactures components of 3D printing systems. Market share within their focus is also difficult to get but it estimated at 10-15%. Key competitors are contract manufacturers like Jabil and Flex but also other manufacturers of optical components and laser systems.

Market Dynamics

industry overview logo Industry Overview

The optical communications and precision manufacturing industry is driven by increasing bandwidth demands, the growth of data centers, and advancements in laser technology and medical device technology. The industry is experiencing growth in areas like 5G, cloud computing, and advanced manufacturing techniques.

Positioning

Fabrinet is positioned as a high-precision manufacturing partner for OEMs in various industries. Their competitive advantage lies in their ability to handle complex manufacturing processes and their expertise in optical and electro-mechanical technologies.

Total Addressable Market (TAM)

The total addressable market for precision optical and electro-mechanical manufacturing is estimated to be hundreds of billions of dollars. Fabrinet focuses on specific segments within this large TAM, leveraging its expertise in optical communications, industrial lasers, and medical devices. Their market segment TAM is expected to be in the tens of billions of dollars and is well positioned.

Upturn SWOT Analysis

Strengths

  • Strong technical expertise
  • High-precision manufacturing capabilities
  • Diversified customer base
  • Global manufacturing footprint
  • Strong financial performance

Weaknesses

  • Reliance on a few key customers
  • Exposure to economic cycles
  • Competition from larger contract manufacturers
  • Complex manufacturing processes
  • Susceptibility to supply chain disruptions

Opportunities

  • Growth in data center infrastructure
  • Increasing demand for LiDAR technology
  • Expansion into new markets and applications
  • Strategic acquisitions to expand capabilities
  • Increase demand for advanced medical devices

Threats

  • Economic downturns affecting customer demand
  • Technological obsolescence
  • Increased competition from low-cost manufacturers
  • Geopolitical risks and trade tensions
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • JBL
  • FLEX
  • Benchmark Electronics (BHE)

Competitive Landscape

Fabrinet's advantage lies in its high-precision manufacturing capabilities and expertise in optical technologies. Disadvantages include its smaller size compared to larger contract manufacturers and reliance on a few key customers.

Major Acquisitions

OptiWorks, Inc.

  • Year: 2019
  • Acquisition Price (USD millions): 95
  • Strategic Rationale: Strengthened Fabrinet's optical transceiver manufacturing capabilities and expanded its customer base.

Growth Trajectory and Initiatives

Historical Growth: Fabrinet has demonstrated strong historical growth, driven by expansion in its core markets and strategic acquisitions.

Future Projections: Analysts project continued growth for Fabrinet, driven by increased demand for optical communication products and expansion into new markets. Revenue growth of 10-15% per year is expected.

Recent Initiatives: Recent initiatives include expanding manufacturing capacity, investing in new technologies, and pursuing strategic acquisitions to broaden its service offerings.

Summary

Fabrinet is a strong company with a leading position in precision optical and electro-mechanical manufacturing. The company's technical expertise, diversified customer base, and healthy balance sheet contribute to its success. Growth opportunities abound in data centers, LiDAR, and medical devices. It must monitor increased competition and geopolitical risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Industry publications

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market data is delayed.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Fabrinet

Exchange NYSE
Headquaters -
IPO Launch date 2010-06-25
CEO & Director Mr. Seamus Grady
Sector Technology
Industry Electronic Components
Full time employees 14213
Full time employees 14213

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances. The company's products also comprise transceivers, tunable lasers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in George Town, the Cayman Islands.