Optical InfrastructureSensorsDetectors, Sensors and MemsIndustrial AutomationPackaging Services
Description
Fabrinet provides advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products, such as optical communication components, modules and sub-sys…
Analysis
Hope premium
Fabrinet is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 76.5×; owner earnings: the cash an owner could take out each year.
Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.
Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202359
100
2023202420252026
All-time high
100
Mar 2026
All-time low
59
Jan 2023
Average rank
91
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
18
44
51
65
Price/Earnings
19
47
60
61
Price/Book
4
33
46
56
Dividend Yield
1
1
1
1
Value (overall)
4
35
53
57
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.