Fabrinet (FN)财务
NYSE · Technology · Hardware, Equipment & Parts · 员工21,521人 · CEO Seamus Grady
- 股价
- $327.29 -6.13%
- 市值
- $117亿
- 企业价值
- $114亿
- 最近财报
- Q4 '26 2026-08-18提交
- 下次财报
- 2026-11-02 EPS预期 $4.19
营收(TTM)$46.4亿+35.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)10.0%+0.5 百分点 对比去年同期营业利润 $4.63亿
净利润(TTM)$4.73亿+42.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$304万-98.5% 对比去年同期资本支出 $2.54亿
稀释EPS(TTM)$13.05+42.3% 对比去年同期最近4个季度之和
净现金$8.71亿-5.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $117亿 EV $114亿
- 营收
- $46.4亿 过去12个月
- 营收增速
- +31% FY2027年一致预期
- 净利润率
- 10.2% 净利润 / 营收,TTM
- P/E
- 24.8× 预期 17.9×(FY2027)
- P/S
- 2.5× 股价 / 营收,TTM
- EV / EBITDA
- 18.3× TTM
- 自由现金流
- $304万 过去12个月
- 净利润
- $4.73亿 过去12个月
- 营收预期
- $61亿 FY2027年一致预期
- 盈利
- 2026-11-02 营收预期 $14亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-17):营收超预期3.1%,EPS 超预期7.6%营收$13.2亿,预期$12.8亿(+3.1%);EPS $4.10,预期$3.81(+7.6%)。
- 营收增长加速:同比44.6%Q4 '26营收$13.2亿,此前四个季度的平均值为29.4%。
- 营业利润率10.0%(TTM),较去年同期+0.5 百分点营收增长35.7%,营业利润增长42.7%。
- 税前利润的16.6%来自营业外收益税前利润$5.55亿,营业利润$4.63亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的5.5%(去年为3.6%)最近4个季度投入$2.54亿(同比+108.6%)。自由现金流$304万,相当于净利润的0.6%。
- 股东回报$630万 = 自由现金流的207.1%回购$630万(去年为$1.46亿),股息$0,股权激励$3460万(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内增加0.5%Q4 '26稀释股数3630万,一年前为3610万。
- 净现金 $8.71亿现金 + 短期投资 $8.75亿,含租赁债务 $401万;一年前净现金 $9.25亿。
上一季度:Q4 '26
截至2026-06-26的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q4 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $13.2亿 | $9.1亿 | +44.6% |
| 毛利率 | 12.3% | 12.2% | 0.0 百分点 |
| 营业利润 | $1.38亿 | $8910万 | +54.9% |
| 营业利润率 | 10.5% | 9.8% | +0.7 百分点 |
| 净利润 | $1.42亿 | $8720万 | +63.1% |
| 稀释EPS | $3.83 | $2.42 | +58.3% |
| 经营现金流 | $5500万 | $5510万 | -0.2% |
| 资本支出 | $9310万 | $5060万 | +83.8% |
| 自由现金流 | -$3810万 | $446万 | -954.1% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $826万 | $810万 | +2.0% |
实际 vs 一致预期
2026-08-17| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $13.2亿 | $12.8亿 | +3.1% |
| EPS(一致预期口径) | $4.10 | $3.81 | +7.6% |
来自2026-08-17发布的Q4 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Optical Communications | $8.89亿 | +35.2% | 73.2% | $31.6亿 | +24.9% | |
| Non-Optical Communications | $3.26亿 | – | 26.8% | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| THAILAND | $27.7亿 | – | 54.0% | $28.4亿 | – | |
| Asia Pacific | $20.2亿 | +374.2% | 39.3% | $34.3亿 | +106.9% | |
| North America | $0 | -100.0% | 0.0% | $15.9亿 | +7.1% | |
| United States | $0 | – | 0.0% | $15.8亿 | – | |
| ISRAEL | $0 | – | 0.0% | $6.76亿 | – | |
| SINGAPORE | $2.02亿 | – | 3.9% | $2.55亿 | – | |
| Europe | $0 | -100.0% | 0.0% | $3.32亿 | +17.7% | |
| INDIA | – | – | – | – | – | |
| Hong Kong | – | – | – | – | – | |
| MALAYSIA | $2410万 | – | 0.5% | $1.14亿 | – | |
| CHINA | $3650万 | – | 0.7% | $8840万 | – | |
| Asia-Pacific, Other | $3260万 | – | 0.6% | $3550万 | – | |
| Europe, Other | $1850万 | – | 0.4% | $7350万 | – | |
| GERMANY | $1540万 | – | 0.3% | $4930万 | – | |
| JAPAN | $463万 | – | 0.1% | $3800万 | – | |
| North America, Other | $1060万 | – | 0.2% | $1830万 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $2.57亿
- 资本支出
- -$2.54亿
- 股票回购
- -$630万
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $3460万
- 自由现金流
- $304万
- 股东回报 / FCF
- 207.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 24.8× | 27.2× | 15.3× – 39.7× |
| EV / EBITDA | 18.3× | 21.0× | 11.8× – 29.6× |
| EV / 营收 | 2.5× | 2.6× | 1.3× – 4.0× |
| 股价 / FCF | 3,856.8× | 1,275.8× | 24.3× – 6,180.6× |
| 股价 / 净资产 | 4.8× | 4.8× | 2.4× – 7.7× |
| FCF收益率 | 0.0% | 2.1% | 0.0% – 4.1% |
| 投入资本回报率 | 15.7% | 15.3% | 14.8% – 15.9% |
| 净资产收益率 | 21.0% | 17.2% | 16.0% – 19.3% |
分析师
一致目标价 $739.00 (+125.8%)
区间 $739.00 – $739.00 · 评级 Buy
强烈买入0
买入18
持有6
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $61亿 | +31.3% | $18.23 | +39.7% | 17.9× | 4 |
| FY2028 | $72.9亿 | +19.7% | $21.86 | +19.9% | 15.0× | 4 |
| FY2029 | $91亿 | +24.8% | $28.11 | +28.6% | 11.6× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Fabrinet在近期10-Q / 10-K文件中标记的全部236项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Trade, Current | $10.1亿 | $6.37亿 | +57.8% | $10.1亿 | $6.37亿 | +57.8% |
| Accounts Receivable, after Allowance for Credit Loss | $10.2亿 | $7.59亿 | +34.1% | $10.2亿 | $7.59亿 | +34.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $10.2亿 | $7.59亿 | +34.1% | $10.2亿 | $7.59亿 | +34.1% |
| Accounts Receivable, Allowance for Credit Loss | $105万 | $134万 | -21.9% | $105万 | $134万 | -21.9% |
| Accounts Receivable, before Allowance for Credit Loss | $10.2亿 | $7.6亿 | +34.0% | $10.2亿 | $7.6亿 | +34.0% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $110万 | $113万 | -2.3% | $472万 | $456万 | +3.5% |
| Accrued Income Taxes, Current | $6350万 | $794万 | +699.5% | $6350万 | $794万 | +699.5% |
| Accrued Liabilities, Current | $5650万 | $3060万 | +84.6% | $5650万 | $3060万 | +84.6% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $4.27亿 | $3.67亿 | +16.3% | $4.27亿 | $3.67亿 | +16.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $96.8万 | $1030万 | -90.6% | $96.8万 | $1030万 | -90.6% |
| Additional Paid in Capital, Common Stock | $2.52亿 | $2.38亿 | +5.9% | $2.52亿 | $2.38亿 | +5.9% |
| Adjustments to Additional Paid in Capital, Warrant Issued | $162万 | $18万 | +801.7% | $480万 | $411万 | +16.8% |
| Amortization of Intangible Assets | $20万 | $20万 | 0.0% | $90万 | $90万 | 0.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $826万 | $810万 | +2.0% | $3460万 | $3300万 | +4.9% |
| Assets | $39.1亿 | $28.3亿 | +38.1% | $39.1亿 | $28.3亿 | +38.1% |
| Assets, Current | $31.6亿 | $24.3亿 | +30.1% | $31.6亿 | $24.3亿 | +30.1% |
| Assets, Fair Value Disclosure | $6.43亿 | $6.42亿 | +0.1% | $6.43亿 | $6.42亿 | +0.1% |
| Assets, Noncurrent | $7.51亿 | $4.03亿 | +86.6% | $7.51亿 | $4.03亿 | +86.6% |
| Capital Expenditures Incurred but Not yet Paid | $2070万 | $768万 | +169.7% | $8600万 | $4080万 | +110.9% |
| Capitalized Contract Cost, Accumulated Impairment | $0 | $0 | – | $0 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $3.47亿 | $3.06亿 | +13.1% | $3.47亿 | $3.06亿 | +13.1% |
| Cash and Cash Equivalents, Fair Value Disclosure | $1.3亿2026-03-27 | – | – | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.47亿 | $3.06亿 | +13.4% | $3.47亿 | $3.06亿 | +13.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | -$986万 | -$69.2万 | -1,324.7% | $4250万 | -$1.05亿 | +140.5% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | – | – | – | $208.482025-03-12 | – | – |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | – | – | – | 38.2万2025-03-12 | – | – |
| Class of Warrant or Right, Outstanding | 8.59万 | 3.82万 | +125.0% | 8.59万 | 3.82万 | +125.0% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 5亿 | 5亿 | 0.0% | 5亿 | 5亿 | 0.0% |
| Common Stock, Shares, Issued | 3970万 | 3960万 | +0.3% | 3970万 | 3960万 | +0.3% |
| Common Stock, Shares, Outstanding | 3580万 | 3570万 | +0.3% | 3580万 | 3570万 | +0.3% |
| Common Stock, Value, Issued | $39.7万 | $39.6万 | +0.3% | $39.7万 | $39.6万 | +0.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.41亿 | $8900万 | +58.2% | $4.64亿 | $3.46亿 | +34.0% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Liability, Current | $424万 | $1450万 | -70.7% | $424万 | $1450万 | -70.7% |
| Cost of Revenue | $11.6亿 | $7.98亿 | +45.0% | $40.8亿 | $30.1亿 | +35.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $8420万 | $2780万 | +202.8% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax | $560万 | $872万 | -35.8% | $560万 | $872万 | -35.8% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Writeoff | – | – | – | $0 | $0 | – |
| Deferred Income Tax Assets, Net | $1920万 | $1340万 | +43.4% | $1920万 | $1340万 | +43.4% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$214万 | -$516万 | +58.6% |
| Deferred Income Tax Liabilities, Net | $165万 | $160万 | +3.7% | $165万 | $160万 | +3.7% |
| Deferred Income Taxes and Tax Credits | -$177万 | -$154万 | -14.9% | -$511万 | -$573万 | +10.8% |
| Deferred Tax Assets, Gross | $2480万 | $1690万 | +46.8% | $2480万 | $1690万 | +46.8% |
| Deferred Tax Assets, Net | $1760万 | $1180万 | +48.8% | $1760万 | $1180万 | +48.8% |
| Deferred Tax Assets, Net of Valuation Allowance | $1920万 | $1340万 | +43.4% | $1920万 | $1340万 | +43.4% |
| Deferred Tax Assets, Operating Loss Carryforwards | $409万 | $253万 | +61.7% | $409万 | $253万 | +61.7% |
| Deferred Tax Assets, Property, Plant and Equipment | $64.7万 | $237万 | -72.7% | $64.7万 | $237万 | -72.7% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Severance Payments | $660万 | $598万 | +10.4% | $660万 | $598万 | +10.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $1080万 | $555万 | +95.1% | $1080万 | $555万 | +95.1% |
| Deferred Tax Assets, Valuation Allowance | $557万 | $348万 | +60.0% | $557万 | $348万 | +60.0% |
| Deferred Tax Liabilities, Gross | $165万 | $160万 | +3.7% | $165万 | $160万 | +3.7% |
| Deferred Tax Liabilities, Other | -$226万 | -$209万 | -8.3% | -$226万 | -$209万 | -8.3% |
| Deferred Tax Liabilities, Undistributed Foreign Earnings | $251万 | $214万 | +17.3% | $251万 | $214万 | +17.3% |
| Defined Benefit Plan, Accumulated Benefit Obligation | $2460万 | $2210万 | +11.2% | $2460万 | $2210万 | +11.2% |
| Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position | – | – | – | -$3120万2025-06-27 | -$2410万 | -29.6% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | – | – | – | 5.2%2025-06-27 | 5.4% | -3.7% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets | – | – | – | 4.2%2025-06-27 | 5.2% | -19.2% |
| Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | – | – | – | -$20.4万 | -$189万 | +89.2% |
| Defined Benefit Plan, Benefit Obligation, Benefits Paid | – | – | – | $68.5万 | $200万 | -65.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-K 2026-06-26, 10-Q 2026-03-27, 10-Q 2025-12-26, 10-Q 2025-09-26, 10-K 2025-06-27, 10-Q 2025-03-28, 10-Q 2024-12-27, 10-Q 2024-09-27, 10-K 2024-06-28
数据截至 2026-11-01