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Last $19.88 USD
Change Today -0.09 / -0.45%
Volume 415.2K
FN On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

fabrinet (FN) Snapshot

Open
$19.97
Previous Close
$19.97
Day High
$20.31
Day Low
$19.77
52 Week High
08/18/15 - $20.98
52 Week Low
10/13/14 - $14.09
Market Cap
704.6M
Average Volume 10 Days
316.8K
EPS TTM
$1.23
Shares Outstanding
35.4M
EX-Date
12/21/07
P/E TM
16.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for FABRINET (FN)

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fabrinet (FN) Details

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. It offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. The company’s products comprise selective switching products, such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths speeds, and over various distances; tunable transponders and transceivers; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. It also offers solid state, diode-pumped, gas, and fiber lasers used across various industries, including semiconductor processing, biotechnology and medical device, metrology, and material processing; and sensors, such as differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. In addition, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, and laser components and substrates, as well as other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It operates in North America, the Asia-Pacific, and Europe. The company was incorporated in 1999 and is based in George Town, the Cayman Islands.

6,845 Employees
Last Reported Date: 08/19/15
Founded in 1999

fabrinet (FN) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $650.0K
President, Chief Operating Officer, President...
Total Annual Compensation: $625.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $408.3K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2014.

fabrinet (FN) Key Developments

Fabrinet Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 26, 2015; Provides Earnings Guidance for the First Quarter and Fiscal Year 2016

Fabrinet reported consolidated earnings results for the fourth quarter and full year ended June 26, 2015. For the quarter, the company reported revenues of $206,456,000 against $160,084,000 a year ago. Operating income was $13,810,000 against $11,070,000 a year ago. Income before income taxes was $13,911,000 against $11,637,000 a year ago. Net income was $13,035,000 against $10,333,000 a year ago. Basic and diluted earnings per share were $0.36 against $0.29 a year ago. For the year, the company reported revenues of $773,587,000 against $677,854,000 a year ago. Operating income was $47,160,000 against $91,317,000 a year ago. Income before income taxes was $47,626,000 against $93,170,000 a year ago. Net income was $43,642,000 against $91,731,000 a year ago. Diluted earnings per share were $1.21 against $2.58 a year ago. Net cash provided by operating activities was $52,629,000 against $66,550,000 a year ago. Purchase of property, plant and equipment were $51,398,000 against $10,835,000 a year ago. Purchase of intangibles was $134,000 against $1,000 a year ago. CapEx for the year was approximately $54.1 million, of which, roughly $26 million was used to purchase new facility in Santa Clara. The company expects first quarter revenue to be in the range of $206 million to $210 million. GAAP net income per diluted share is expected to be in the range of $0.33 to $0.35 with expected non-GAAP net income per diluted share of $0.41 to $0.43. The company expects gross margins to be flat to up slightly on a sequential basis. For fiscal 2016, the company expects CapEx to be in the range of $50 million to $55 million, which includes approximately $15 million for new facility in Thailand. Effective tax rate was 6.3%, within expected range of 6% to 7.

Fabrinet Enters into Third Amendment to Credit Agreement

On July 31, 2015, Fabrinet entered into the third amendment to credit agreement which amends that certain credit agreement, dated as of May 22, 2014, among Fabrinet, certain of its subsidiaries as designated borrowers thereunder, certain of its subsidiaries from time to time party thereto as guarantors, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent for the lenders. Among other things, the amendment amends the credit agreement to extend the availability period for draws on the term loan facility from July 31, 2015 to July 31, 2016.

Fabrinet to Report Q4, 2015 Results on Aug 17, 2015

Fabrinet announced that they will report Q4, 2015 results at 5:00 PM, US Eastern Standard Time on Aug 17, 2015

 

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Industry Analysis

FN

Industry Average

Valuation FN Industry Range
Price/Earnings 16.5x
Price/Sales 0.9x
Price/Book 1.5x
Price/Cash Flow 16.2x
TEV/Sales 0.5x
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