Fabrinet Intrinsic Stock Value – FABRINET Reports Earnings Results For First Quarter Of FY2024

🌥️Earnings Overview

FABRINET ($NYSE:FN) announced its earnings results for the first quarter of its fiscal year 2024 on September 30 2023. The company reported a total revenue of USD 685.5 million, representing no year-over-year change from the same period in the previous year. Net income also saw no annual variation, with USD 65.1 million being reported.

Stock Price

The company reported better than expected earnings, with their stock opening at $163.2 and closing at $171.5, a 6.1% increase from their previous closing price of 161.6. Reacting to the news, FABRINET‘s stock price surged as investors reacted positively to the strong financial performance in the first quarter of FY2024. The stock is poised to continue its rally as the company looks to build on the success of this quarter. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fabrinet. FABRINET_Reports_Earnings_Results_For_First_Quarter_Of_FY2024″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fabrinet. FABRINET_Reports_Earnings_Results_For_First_Quarter_Of_FY2024″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fabrinet. FABRINET_Reports_Earnings_Results_For_First_Quarter_Of_FY2024″>More…

Key Ratios Snapshot

Some of the financial key ratios for Fabrinet are shown below. FABRINET_Reports_Earnings_Results_For_First_Quarter_Of_FY2024″>More…

Analysis – Fabrinet Intrinsic Stock Value

At GoodWhale, we have conducted a detailed analysis of FABRINET‘s fundamentals. Our proprietary Valuation Line suggests that the intrinsic value of FABRINET shares is around $128.3. However, at the current trading price of $171.5, the stock appears to be overvalued by 33.7%. This could be due to a number of factors, such as speculation among investors or simply a misunderstanding of the stock’s true worth. Nevertheless, it is clear that FABRINET shares are currently trading at a premium to their intrinsic value. More…

Peers

The company services a diverse set of markets, including telecommunications, data communications, aerospace and defense, industrial, life sciences, medical devices, and consumer electronics. Fabrinet has a strong competitive position in its markets, with a comprehensive suite of capabilities and a global footprint. The company’s competitors include Castech Inc, TT Electronics PLC, Gooch & Housego PLC, and others.

– Castech Inc ($SZSE:002222)

Castech Inc is a leading manufacturer of semiconductor products and services. The company has a market cap of 6.84B as of 2022 and a return on equity of 12.34%. The company’s products and services are used in a variety of electronic devices and systems, including computers, cell phones, and automotive electronics.

– TT Electronics PLC ($LSE:TTG)

TT Electronics is a provider of advanced electronics solutions for global markets. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.

TT Electronics has a market capitalisation of £232.53 million as of March 2022 and a return on equity of 3.65%. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.

– Gooch & Housego PLC ($LSE:GHH)

Gooch & Housego PLC is a leading global provider of advanced photonics solutions. They design, manufacture and supply a wide range of optical components, systems and instrumentation to meet the needs of their customers worldwide. Gooch & Housego has a market cap of 118.69M as of 2022 and a return on equity of 3.16%. The company has a strong focus on innovative photonics solutions and providing excellent customer service.

Summary

FABRINET reported their earnings results for the first quarter of FY2024 on September 30th, 2023. Total revenue was USD 685.5 million, a 0.0% increase from the same period last year. Net income was also unchanged at USD 65.1 million. The stock price moved up the same day, providing investors with a positive outlook on FABRINET’s performance.

Analysts believe that steady revenue growth combined with cost-saving initiatives could be a good sign for investors in FABRINET. Investors should continue to watch this company closely and consider opportunities as they develop.