Headquartered in the Cayman Islands, Fabrinet specializes in precision optical packaging and electronic manufacturing services globally for some of the world’s most demanding OEMs. In addition, FN offers engineering, supply chain management, testing, and integration services.
Fabrinet was recently given a favorable outlook by JP Morgan analyst Samik Chatterjee, citing that “we could see the scenario of (second-half 2023) growth appearing to be robust, helped by macro recovery and easier comps.” The company is trading at a relative discount and possessing bullish momentum.
At its current share price FN is near its 52-week high of $136.08, trailing P/E of 22.77x and PEG of 0.59x indicating the stock is discounted compared to its sector peers.