NASDAQ · STOCK
Fabrinet
$435.69
52W $272.49 – $748.89
57/100
$15.60B
37.0
1.20
Is FN Bullish or Bearish?
Bullish.
Innellis AI committee rates Fabrinet (FN) Buy with a composite score of 57/100
, based on 7 analysts with 71% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +17.73 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -2.27 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
Some positive signals exist — revenue growing 29.8% yoy -- genuine top-line momentum — but they are not yet strong enough to justify a Buy. The committee is monitoring for confirmation.
Bull & Bear Case
Bull Case
- ROE of 19.7% shows genuine earnings power backing the valuation — Value
- Revenue growing 29.8% YoY -- genuine top-line momentum — Growth
- EPS growing 29.6% YoY — Growth
- 3 consecutive earnings beats -- consistent execution — Growth
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
Bear Case
- P/E of 37.4 is moderate-to-rich — Value
- Price-to-book of 5.3x prices in significant intangible value — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Weekly RSI at 25 -- oversold on the larger timeframe too — Technical
- Bollinger bandwidth of 22.3% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
57/100
Agreement
71%
Analysts
7
Conviction
Moderate
Sector Rank
Top 19%
of 172 Technology peers
Value Analyst
neutral
54
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 19.7% shows genuine earnings power backing the valuation
− P/E of 37.4 is moderate-to-rich
Growth Analyst
bullish
71
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 29.8% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 22.3% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 57.3 to 57.3.
- Conviction changed from contested to moderate.
- Committee agreement increased notably from 57% to 71%.
- New bearish signals: 5 appeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 7 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: score 46->54 (+8); +1 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
35.8
Neutral
MACD Histogram
-1.638
Bearish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Lh Ll
Support
$413.13
Resistance
$497.17
Bollinger %B
0.14
Inside Bands
Price vs Moving Averages
EMA 9
$458.11
Below
EMA 21
$485.81
Below
EMA 50
$534.38
Below
EMA 200
$516.50
Below
Fundamental Analysis
Valuation
40
Growth
64
Profitability
1
Financial Health
100
Cash Flow
35
Valuation
P/E Ratio
37.0×
P/B Ratio
6.77×
PEG Ratio
1.23
Dividend Yield
0.00%
52W High
$748.89
52W Low
$272.49
Quality & Growth
ROE
16.8%
ROA
11.7%
Gross Margin
12.0%
Operating Margin
9.8%
Revenue Growth YoY
—
Debt / Equity
0.00
AI Fundamental Assessment
P/E ratio of 37.0 (rich relative to a 15-40x range); Price-to-book of 6.8x; PEG ratio of 1.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.2%; Return on assets of 0.1%; Net margin of 0.1%; Gross margin of 0.1%; Current ratio of 2.55 (healthy short-term liquidity); Debt-to-equity of 0.00; Free cash flow margin of 0.2% (thin cash generation); Free cash flow per share is positive (1.27); Most recent quarter beat estimates by 1.5%; 3 consecutive earnings beats; EPS growth decelerating (+15.1% -> +10.7% QoQ); Analyst estimates rising over recent quarters
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