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Fabrinet(FN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
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- Profit
- Loss
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FN
09/25/2026: FN (1-star) is currently NOT-A-BUY. Pass it for now.
Fabrinet is a high-complexity contract manufacturer that provides specialized optical packaging and precision assembly for sectors like data center networking, industrial lasers, and medical devices. The company is known for its engineering-led approach, which enables it to maintain higher margins than generic electronics manufacturers. Its primary growth opportunity lies in the rapid demand for high-speed optical components fueled by AI infrastructure expansion. Key risks include significant customer concentration, geographic reliance on Thailand, and potential competition from larger EMS providers. The stock generally suits growth-oriented investors looking for exposure to the data center supply chain, though it lacks dividend income and carries volatility common in technology-adjacent sectors.
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 well-positioned to benefit from long-term secular growth in AI and data center optical connectivity. |
| Momentum investor | Strong fit while signal remains positive | The stock often exhibits strong price trends tied to positive developments in the optical networking and AI infrastructure space. |
| Value investor | Mixed fit | Valuation is often premium-priced due to growth expectations, making it less suitable for deep value approaches. |
| Dividend investor | Weak fit | The company does not pay a dividend and focuses on reinvesting cash into the business. |
| Low-risk investor | Mixed fit | While the company has strong fundamentals, the stock can be volatile due to customer concentration and industry-specific cyclicality. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock's dependence on high-growth technology sectors can lead to price swings based on market sentiment. |
| Valuation risk | Medium | High expectations for continued growth in AI demand are reflected in the current trading multiple. |
| Competition risk (AI/Optical infrastructure) | Medium / high | Larger manufacturing peers could increase focus on the high-margin optical space, pressuring margins. |
| Business quality | Strong | Fabrinet possesses specialized technical capabilities that create a meaningful barrier to entry. |
| Dividend income | Low / none | The absence of a dividend removes this as a source of total return for investors. |
| Execution risk | Medium | Managing complex global operations and customer launches requires consistent high-level performance. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
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 -41.77% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/25/2026 |
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 14.96B USD | Price to earnings Ratio 31.96 | 1Y Target Price 734.11 |
Price to earnings Ratio 31.96 | 1Y Target Price 734.11 | ||
Volume (30-day avg) 957.4K shares | Beta 1.21 | 52 Weeks Range 355.50 - 748.89 | Updated Date 09/27/2026 |
52 Weeks Range 355.50 - 748.89 | Updated Date 09/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 13.06 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Optical Communications | Manufacturing services for transceivers, amplifiers, and optical network components. | This is the company's largest engine, directly tied to data center and network speed growth. |
| Industrial, Medical, and Other | Precision laser assemblies and advanced medical device manufacturing. | This provides critical revenue diversification and operates in industries with longer, more stable product lifecycles. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 31.96 | Forward PE 12.82 | Enterprise Value 13.49B | Price to Sales(TTM) 3.22 |
Enterprise Value 13.49B | Price to Sales(TTM) 3.22 | ||
Enterprise Value to Revenue 2.91 | Enterprise Value to EBITDA 21.64 | Shares Outstanding 35.83M | Shares Floating 35.72M |
Shares Outstanding 35.83M | Shares Floating 35.72M | ||
Percent Insiders 0.35 | Percent Institutions 104.36 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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.
About Fabrinet
Exchange NYSE | Headquarters - | ||
IPO Launch date 2010-06-25 | CEO & Chairman Mr. Seamus Grady | ||
Sector Technology | Industry Electronic Components | Full time employees 21521 | Website https://www.fabrinet.com |
Full time employees 21521 | Website https://www.fabrinet.com | ||
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, Europe, and internationally. 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, 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.
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