Discounted Cash Flow

Fabrinet

FN · Based on 10 years of SEC filings · Converted from THB to USD

⚠ Cash flow predictability 59/100 (moderate) — FCF YoY std dev 65%, net income 21% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $29.6m $1.9m $196.2k 6.3% $1.73
2017 $43.1m (45.4%) $2.9m (56.9%) $81.0k (-58.7%) 6.8% (7.9%) $2.63 (52.0%)
2018 $41.6m (-3.4%) $2.6m (-13.3%) $3.2m (3801.8%) 6.1% (-10.3%) $2.26 (-14.1%)
2019 $48.0m (15.5%) $3.7m (43.7%) $3.9m (23.5%) 7.6% (24.4%) $3.29 (45.6%)
2020 $49.8m (3.6%) $3.4m (-6.2%) $3.3m (-15.8%) 6.9% (-9.5%) $3.07 (-6.7%)
2021 $57.0m (14.5%) $4.5m (30.7%) $2.3m (-29.7%) 7.9% (14.2%) $4.02 (30.9%)
2022 $68.6m (20.4%) $6.1m (35.1%) $1.1m (-54.5%) 8.9% (12.2%) $5.43 (35.1%)
2023 $80.2m (16.9%) $7.5m (23.7%) $4.6m (338.4%) 9.4% (5.8%) $6.79 (25.0%)
2024 $87.4m (9.0%) $9.0m (19.5%) $11.1m (140.6%) 10.3% (9.6%) $8.17 (20.3%)
2025 $103.6m (18.6%) $10.1m (12.3%) $6.3m (-43.3%) 9.7% (-5.3%) $9.23 (13.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in THB. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model