Fabrinet Intrinsic Stock Value – Rosenblatt Gives Fabrinet Stock a Buy Rating: Knox Daily
December 28, 2023
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Fabrinet ($NYSE:FN), a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services, has received a “Buy” rating from Rosenblatt, a well-known stock ratings firm. This rating was recently endorsed by Knox Daily, who recommended investing in Fabrinet stock. The company has grown its presence in the industry by providing superior quality and reliable services to its customers. Fabrinet’s global presence gives them an edge over their competitors in terms of delivering innovative solutions at a competitive cost. Investors should consider Fabrinet stock due to its high growth potential and strong balance sheet.
The company has consistently met or exceeded quarterly earnings expectations, which speaks volumes about their business and operational execution. Fabrinet’s robust technology capabilities and strong customer relationships have aided its growth and will continue to serve it well in the future. Investors who are looking for a promising long-term investment opportunity should take note of Fabrinet.
Share Price
On Tuesday, Rosenblatt Securities gave Fabrinet stock a Buy rating, causing its closing price to jump 2.3% from the previous closing price of 192.0 to 196.3. When the market opened on the same day, the stock was at 192.7 before trading up to its closing price. This rating from Rosenblatt means that the stock is expected to outperform and is a good buy for investors in the current market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fabrinet. More…
| Total Revenues | Net Income | Net Margin |
| 2.68k | 248.39 | 9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fabrinet. More…
| Operations | Investing | Financing |
| 297.73 | -175.16 | -68.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fabrinet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.02k | 489.05 | 42.12 |
Key Ratios Snapshot
Some of the financial key ratios for Fabrinet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.8% | 29.0% | 9.9% |
| FCF Margin | ROE | ROA |
| 8.8% | 11.1% | 8.2% |
Analysis – Fabrinet Intrinsic Stock Value
At GoodWhale, we’ve recently conducted a thorough analysis of FABRINET’s fundamentals. Our proprietary Valuation Line resulted in an intrinsic value of around $129.5 per share. This means that the share is currently overvalued by 51.6%, since it’s being traded at $196.3. We advise investors to be cautious when considering investing in FABRINET due to this fact. Fabrinet_Stock_a_Buy_Rating_Knox_Daily”>More…
Peers
The company services a diverse set of markets, including telecommunications, data communications, aerospace and defense, industrial, life sciences, medical devices, and consumer electronics. Fabrinet has a strong competitive position in its markets, with a comprehensive suite of capabilities and a global footprint. The company’s competitors include Castech Inc, TT Electronics PLC, Gooch & Housego PLC, and others.
– Castech Inc ($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
Investment analysis in Fabrinet (FN) is an attractive opportunity, as recently evidenced by Rosenblatt Securities upgrading the stock rating to a Buy. FN is a provider of advanced optical, electro-mechanical packaging and engineering services to original equipment manufacturers, and has a strong track record of delivering quality services in a cost-efficient manner. The market sentiment is that FN is well-positioned to benefit from the long-term growth of its customers, while consistently outperforming the industry mean. The company has a diverse customer base, with many leading global tech companies and telecoms relying on FN’s services. Furthermore, FN has continued to enjoy strong financial performance, with a robust balance sheet and significant cash flow generation abilities.
In addition, their position as a reliable supplier of advanced technologies gives them a competitive edge in the industry. This is an appealing opportunity for investors looking for exposure to a potentially lucrative market.
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