FN

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Overview
Forecast
Valuation

Line

Candle

YTD

High

204.210

Open

198.580

VWAP

202.04

Vol

407.44K

Mkt Cap

7.27B

Low

197.380

Amount

82.32M

EV/EBITDA(TTM)

17.76

Total Shares

36.15M

6.25B

EV/OCF(TTM)

16.32

P/S(TTM)

2.34

Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products. The complex products include optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers, and sensors. The Company offers a range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly, and testing. It focuses on production of high complexity products in any mix and any volume. The Company also designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components and substrates (customized optics) and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products (customized glass).

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

879.50M

+9.36%

2.687

+12.44%

885.79M

+17.59%

2.649

+9.92%

856.95M

+17.14%

2.473

+3.46%

Estimates Revision

The market is revising Upward the revenue expectations for Fabrinet (FN) for FY2025, with the revenue forecasts being adjusted by 2.26% over the past three months. During the same period, the stock price has changed by -1.81%.

Revenue Estimates for FY2025

Revise Upward

+2.26%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.94%

In Past 3 Month

Stock Price

Go Down

-1.81%

In Past 3 Month

7 Analyst Rating

28.48% Upside

Wall Street analysts forecast FN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FN is 260.86 USD with a low forecast of 176.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

3 Hold

0 Sell

Moderate Buy

28.48% Upside

Current: 203.030

Low

176.00

Averages

260.86

High

350.00

28.48% Upside

Current: 203.030

Low

176.00

Averages

260.86

High

350.00

Rosenblatt

Mike Genovese

Strong Buy

Maintains

$280 → $230

2025-04-22

Reason

Rosenblatt

Mike Genovese

Price Target

$280 → $230

2025-04-22

Maintains

Strong Buy

Reason

Rosenblatt analyst Mike Genovese lowered the firm's price target on Fabrinet to $230 from $280 and keeps a Buy rating on the shares. The firm believes the March quarter results will be "generally solid" for the optical sector. However, none of the companies are immune to the negative impact to gross margins from higher tariffs, or from a meaningful macro slowdown, related to higher prices and general business environment uncertainty, likely to hit in the second half of 2025, the analyst tells investors in a research note. As such, Rosenblatt cut price targets in its coverage by an average of 19%.

JP Morgan

Samik Chatterjee

Hold

Maintains

$265 → $220

2025-04-17

Reason

JP Morgan

Samik Chatterjee

Price Target

$265 → $220

2025-04-17

Maintains

Hold

Reason

JPMorgan lowered the firm's price target on Fabrinet to $220 from $265 and keeps a Neutral rating on the shares. The firm updated hardware and networking models to reflect its best view of the second order impact of the current macro uncertainty stemming from tariffs. JPMorgan now embeds a broader macro slowdown and associated demand moderation across most customer verticals into its estimates. The analyst expects a macro slowdown to lead to lower demand from consumers, as well as enterprises and telecom customers.

B. Riley Securities

Dave Kang

Strong Sell

Hold

Upgrades

$178 → $176

2025-04-04

Reason

B. Riley Securities

Dave Kang

Price Target

$178 → $176

2025-04-04

Upgrades

Strong Sell

Hold

Reason

B. Riley analyst Dave Kang upgraded Fabrinet to Neutral from Sell with a price target of $176, down from $178. The firm cites valuation for the upgrade with the shares down 22% year-to-date. The firm still remains concerned about Fabrinet's 800G sales to Nvidia (NVDA), which it believes could come under pressure as hyperscalers increasingly buy transceivers directly rather than through Nvidia. However, a significant amount of the risk factors could now be in the stock, the analyst tells investors in a research note. Riley also believes Fabrinet has several catalysts to counter these risk factors, including improving telecom demand.

Needham

Ryan Koontz

Strong Buy

Reiterates

$280

2025-03-17

Reason

Needham

Ryan Koontz

Price Target

$280

2025-03-17

Reiterates

Strong Buy

Reason

Rosenblatt

Mike Genovese

Strong Buy

Maintains

$285

2025-03-14

Reason

Rosenblatt

Mike Genovese

Price Target

$285

2025-03-14

Maintains

Strong Buy

Reason

Needham

Ryan Koontz

Strong Buy

Reiterates

$280

2025-02-04

Reason

Needham

Ryan Koontz

Price Target

$280

2025-02-04

Reiterates

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Fabrinet (FN.N) is 18.64, compared to its 5-year average forward P/E of 17.70. For a more detailed relative valuation and DCF analysis to assess Fabrinet 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

17.70

Current PE

18.64

Overvalued PE

21.27

Undervalued PE

14.13

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

13.17

Current EV/EBITDA

14.86

Overvalued EV/EBITDA

16.62

Undervalued EV/EBITDA

9.72

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.80

Current PS

2.05

Overvalued PS

2.26

Undervalued PS

1.34