2024-05-20 07:00:00 ET
Summary
- Fabrinet is up almost 150% in the last year, and achieved record sales and earnings in the most recent quarter, boosted by AI-driven demand.
- The company has strong growth potential, with forward FCF per share growth of ~100% and forward EPS growth at 15%.
- FN has significantly outperformed the sector in returns on equity, assets, and total capital employed and has a rock-solid balance sheet.
- Due to excellent momentum, solid return on investment, and strong cash flow growth potential, SA’s Quant Team reiterates its Strong Buy rating on Fabrinet.
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Fabrinet: Strong Momentum And Cash Flow Growth (SA Quant)