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Fabrinet(FN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FN
10/23/2026: FN (1-star) is currently NOT-A-BUY. Pass it for now.
Fabrinet is a specialized electronics manufacturing services provider that focuses on complex, high-precision optical and electromechanical components. The company has a leading position in supporting the networking infrastructure required for high-speed data centers and AI. Its core strengths include strong operating margins and deep, long-standing relationships with tier-one OEM customers. While the company's growth opportunity linked to AI hardware demand is significant, it faces risks related to high customer concentration and geographic reliance on Thailand. Fabrinet is best suited for growth-oriented investors who monitor data center spending and long-term infrastructure investment cycles, though those seeking steady dividends may find it less suitable.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Fabrinet is positioned to benefit from secular growth trends in AI-driven data center networking and optical infrastructure. |
| Momentum investor | Strong fit while signal remains positive | The stock has historically shown strong price trends linked to optical technology adoption cycles. |
| Value investor | Mixed fit | The valuation often commands a premium due to its growth profile and specialized business model. |
| Dividend investor | Weak fit | Fabrinet does not currently pay a dividend, focusing instead on reinvesting cash for growth. |
| Low-risk investor | Mixed fit | While the company has a strong balance sheet, the high customer concentration and sector volatility create moderate risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is subject to periodic swings based on data center spending cycles and semiconductor supply availability. |
| Valuation risk | Medium | As a growth-oriented stock, valuation multiples can contract if revenue growth rates decelerate. |
| Competition risk (Data Center/Optical) | Medium / high | Large diversified competitors can compete aggressively on price for high-volume orders. |
| Business quality | Strong | The company maintains high operational discipline and a strong track record of serving complex niche markets. |
| Dividend income | Low / none | Investors seeking immediate cash yield will find the stock unsuitable as there is no dividend policy. |
| Execution risk | Medium | Maintaining precision manufacturing quality at scale requires constant operational vigilance and skilled labor management. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit -47.99% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 11.29B USD | Price to earnings Ratio 24.13 | 1Y Target Price 687.78 |
Price to earnings Ratio 24.13 | 1Y Target Price 687.78 | ||
Volume (30-day avg) 885.8K shares | Beta 1.22 | 52 Weeks Range 305.63 - 748.89 | Updated Date 10/25/2026 |
52 Weeks Range 305.63 - 748.89 | Updated Date 10/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 13.05 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Optical Communications | Manufacturing services for transceivers, amplifiers, and optical networking components. | This is the primary revenue driver, benefiting from global demand for faster data transmission. |
| Automotive and Industrial | Precision assembly for lidar, sensors, and high-end industrial laser systems. | A key diversification pillar that relies on specialized manufacturing expertise. |
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 2026-11-02 | When After Market | Estimate 3.88 | Actual - |
Profitability
Profit Margin 10.19% | Operating Margin (TTM) 10.23% |
Management Effectiveness
Return on Assets (TTM) 8.59% | Return on Equity (TTM) 21.33% |
Valuation
Trailing PE 24.13 | Forward PE 12.82 | Enterprise Value 13.20B | Price to Sales(TTM) 2.43 |
Enterprise Value 13.20B | Price to Sales(TTM) 2.43 | ||
Enterprise Value to Revenue 2.84 | Enterprise Value to EBITDA 21.17 | Shares Outstanding 35.83M | Shares Floating 35.72M |
Shares Outstanding 35.83M | Shares Floating 35.72M | ||
Percent Insiders 0.26 | Percent Institutions 103.7 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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