Fabrinet Stock Current Asset
| FN Stock | USD 230.43 0.42 0.18% |
Fabrinet fundamentals help investors to digest information that contributes to Fabrinet's financial success or failures. It also enables traders to predict the movement of Fabrinet Stock. The fundamental analysis module provides a way to measure Fabrinet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fabrinet stock.
At this time, Fabrinet's Other Current Assets are very stable compared to the past year. As of the 25th of November 2024, Total Current Assets is likely to grow to about 2.1 B, while Non Current Assets Total are likely to drop about 181.9 M. Fabrinet | Current Asset |
Fabrinet Company Current Asset Analysis
Fabrinet's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Fabrinet Current Asset | 673.29 M |
Most of Fabrinet's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fabrinet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Fabrinet Current Asset Historical Pattern
Today, most investors in Fabrinet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fabrinet's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Fabrinet current asset as a starting point in their analysis.
Fabrinet Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Fabrinet Total Assets
Total Assets |
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In accordance with the recently published financial statements, Fabrinet has a Current Asset of 673.29 M. This is 97.62% lower than that of the Electronic Equipment, Instruments & Components sector and 83.95% lower than that of the Information Technology industry. The current asset for all United States stocks is 92.79% higher than that of the company.
Fabrinet Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fabrinet's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fabrinet could also be used in its relative valuation, which is a method of valuing Fabrinet by comparing valuation metrics of similar companies.Fabrinet is currently under evaluation in current asset category among its peers.
Fabrinet ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fabrinet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fabrinet's managers, analysts, and investors.Environmental | Governance | Social |
Fabrinet Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0818 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 7.45 B | ||||
| Shares Outstanding | 36.27 M | ||||
| Shares Owned By Insiders | 0.38 % | ||||
| Shares Owned By Institutions | 99.62 % | ||||
| Number Of Shares Shorted | 1.43 M | ||||
| Price To Earning | 23.57 X | ||||
| Price To Book | 4.58 X | ||||
| Price To Sales | 2.78 X | ||||
| Revenue | 2.88 B | ||||
| Gross Profit | 278.59 M | ||||
| EBITDA | 360.71 M | ||||
| Net Income | 296.18 M | ||||
| Cash And Equivalents | 401 K | ||||
| Cash Per Share | 13.66 X | ||||
| Total Debt | 4.99 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 2.95 X | ||||
| Book Value Per Share | 50.36 X | ||||
| Cash Flow From Operations | 413.15 M | ||||
| Short Ratio | 3.62 X | ||||
| Earnings Per Share | 8.46 X | ||||
| Price To Earnings To Growth | 1.19 X | ||||
| Target Price | 269.33 | ||||
| Number Of Employees | 14.21 K | ||||
| Beta | 0.95 | ||||
| Market Capitalization | 8.36 B | ||||
| Total Asset | 2.34 B | ||||
| Retained Earnings | 1.76 B | ||||
| Working Capital | 1.45 B | ||||
| Current Asset | 673.29 M | ||||
| Current Liabilities | 255.72 M | ||||
| Net Asset | 2.34 B |
About Fabrinet Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fabrinet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fabrinet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fabrinet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Fabrinet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fabrinet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fabrinet will appreciate offsetting losses from the drop in the long position's value.Moving against Fabrinet Stock
| 0.61 | PG | Procter Gamble | PairCorr |
| 0.33 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.33 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
The ability to find closely correlated positions to Fabrinet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fabrinet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fabrinet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fabrinet to buy it.
The correlation of Fabrinet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fabrinet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fabrinet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fabrinet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Fabrinet Piotroski F Score and Fabrinet Altman Z Score analysis. To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fabrinet. If investors know Fabrinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fabrinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.197 | Earnings Share 8.46 | Revenue Per Share 82.845 | Quarterly Revenue Growth 0.173 | Return On Assets 0.0818 |
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.