$Fabrinet (FN.US)$In the analysis two years ago, it was excl...
$Fabrinet (FN.US)$In the analysis two years ago, it was excluded because the discount was not enough. Since then, the stock price has increased by 75.7%. This is a common problem in the previous analysis. Setting the discount requirement for growth stocks too high will miss opportunities. Buy high-quality stocks at a reasonable price, rather than buying low-quality stocks at a discount price.
The US company, registered in the Cayman Islands and listed in 2010, mainly provides outsourcing manufacturing services to original equipment manufacturers. Nearly half of the market is in the USA, and the current price is 169.76.
Over the past 5 years, revenue has continued to grow, with an average growth rate of 14%. Operating profit has increased for 4 years, except for 2020, with an average growth rate of 22%. Net income follows a similar trend, with an average growth rate of 24%. There have been no interest expenses in recent years. The gross margin has increased from 11.3% to 12.7% in the past 5 years, and the return on net assets has increased from 15.1% to 18.2%.
In the first half of 2024, revenue increased by 5.6%, operating profit increased by 3.5%, and net income increased by 5%.
The debt-to-equity ratio has decreased from 31.2% to 25.8% in the past 5 years. In Q4 2024, it decreased to 24.5%. Both total assets and net assets have continued to increase.
In the past 5 years, except for 2022, the net cash flow from operations has been higher than the net investment amount, resulting in a small proportion of shareholder surplus.
The current PE ratio is 25.3, the trailing PE ratio is 24.6, and there is a certain discount compared to the long-term growth rate. You can choose (⭐️⭐️)
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