Fabrinet Stock Intrinsic Value – FABRINET Reports FY2023 Q4 Earnings Results for Period Ending June 30 2023

🌥️Earnings Overview

On August 21 2023, FABRINET ($NYSE:FN) reported its fourth quarter earnings results for the period ending June 30 2023. The company’s total revenue for the quarter was USD 655.9 million, an 11.6% increase from the same period last year. Additionally, net income rose 8.2% year over year, amounting to USD 60.8 million.

Share Price

The results showed that FABRINET stock opened at $118.0 and closed at $116.8, down by 0.9% from its last closing price of 117.8. Looking ahead, FABRINET executives said they remain cautiously optimistic about the company’s prospects in the coming months, citing an expected improvement in the global economy and increased consumer spending as positive factors for the company’s performance. Overall, FABRINET’s fiscal year 2023 fourth quarter performance was mixed, but the company appears to be in a strong position to take advantage of any future growth in the marketplace. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – Fabrinet Stock Intrinsic Value

GoodWhale has conducted a thorough analysis of FABRINET‘s fundamentals to come up with an accurate valuation. Our proprietary Valuation Line marks the fair value of FABRINET at $122.7 per share. However, the current stock price of FABRINET trades at $116.8, a 4.8% discount from fair value. This presents an interesting opportunity for investors who are looking to purchase shares of FABRINET at an undervalued price. 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 has reported positive financial results for its fourth quarter of FY2023, showing an 11.6% increase in total revenue to USD 655.9 million and a 8.2% rise in net income to USD 60.8 million compared to the year prior. This strong performance indicates a healthy outlook for FABRINET as an investment, as the company continues to grow and generate impressive returns for investors. With this in mind, investors should be confident in FABRINET’s financial future and consider adding the stock to their portfolio.