<p>Fabrinet (FN) 已悄然成为市场上较强的复合增长股，今年股价上涨约 12%，过去三年大约增长了三倍，得益于稳定的收入和利润增长。</p>
<p>查看我们对 Fabrinet 的最新分析。</p>
<p>这种稳定的执行力并未被忽视，90 天的股价回报接近 30%，一年总股东回报约为 101%，显示出仍然看似积极而非疲软的势头。</p>
<p>如果 Fabrinet 的表现让你想知道在科技硬件和通信领域还有哪些表现良好，可能是时候探索高增长的科技和人工智能股票作为你的下一个投资思路。</p>
<p>随着 Fabrinet 目前的交易价格几乎与分析师目标价完全一致，经过强劲的多年增长，投资者需要决定：这是一个仍被误解的稀有高质量复合增长股，还是市场已经将其未来增长的预期价格化？</p>
<h2>最受欢迎的叙述：0.2% 被低估</h2>
<p>Fabrinet 的公允价值估计为 479.25 美元，几乎与最后的收盘价 478.45 美元完全一致。这将故事框定为一个微薄的错误定价呼吁。</p>
<blockquote>
<p><em>由于客户需求强劲和新项目的推进，决定加速扩产（10 号楼）使 Fabrinet 能够抓住人工智能基础设施和下一代电信中的额外大规模机会，可能支持持续的收入增长和运营杠杆，因为固定成本将在更高的产出中分摊。</em></p>
</blockquote>
<p>阅读完整的叙述。</p>
<p>想看看这个近乎完美的价格判断背后的数学吗？这个叙述依赖于强劲的增长预测和有力的未来收益倍数。好奇哪些假设在这里真正起到关键作用？探索细节以揭示支持这一紧密公允价值区间的预测。</p>
<p><strong>结果：公允价值为 479.25 美元（大致正确）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，客户集中度和下一代收发器持续的供应瓶颈可能迅速挑战支撑 Fabrinet 近乎完美估值案例的增长假设。</p>
<p>了解 Fabrinet 叙述的关键风险。</p>
<h2>估值的另一种视角</h2>
<p>远离公允价值模型，简单的收益倍数描绘出不同的图景。Fabrinet 的市盈率为 48.8 倍，远高于同行的 38.7 倍和公允比率的 34.2 倍，暗示市场情绪可能超前于基本面。</p>
<p>查看数字对这个价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9b796b13-64f0-46e8-b0ad-6cfcfb74e61e/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9b796b13-64f0-46e8-b0ad-6cfcfb74e61e/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:FN 截至 2025 年 12 月的市盈率</p>
<h2>自定义你的 Fabrinet 叙述</h2>
<p>如果你想挑战这些结论或自己深入数字分析，可以在几分钟内使用 “按你的方式” 创建一个自定义的 Fabrinet 故事。</p>
<p>你进行 Fabrinet 研究的一个很好的起点是我们的分析，强调 2 个关键收益和 1 个可能影响你投资决策的重要警示信号。</p>
<h2>准备好进行下一步投资了吗？</h2>
<p>在你继续之前，考虑使用 Simply Wall Street 筛选器设置你的下一个潜在机会，这样你就不必仅仅依赖一个优秀的故事。</p>
<ul>
<li>通过审查这 15 只收益率超过 3% 的股息股票，目标可靠的收入来源，可能增强你投资组合的现金生成能力，减少对短期波动的依赖。</li>
<li>通过关注这 905 只基于现金流的被低估股票，利用潜在的市场错误定价，这些未来现金流可能以有意义的折扣提供。</li>
<li>通过扫描这 26 只利用人工智能重塑行业和长期增长趋势的 AI 小盘股，合理定位自己。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

<p>Fabrinet (FN) 的股票表现强劲，三年来股价翻了三倍，得益于稳定的收入和利润增长。目前股价接近分析师目标，其估值被争论为稀有的高质量复合增长股或已完全定价。公允价值估计为 479.25 美元，接近其最后收盘价 478.45 美元。风险包括客户集中度和供应瓶颈。Fabrinet 的市盈率为 48.8，高于同行，暗示市场情绪可能超出基本面。建议投资者探索其他科技和人工智能股票以寻找潜在机会</p>

<p>Fabrinet (FN) has quietly turned into one of the market’s stronger compounders, with the stock gaining about 12% this year and roughly tripling over the past 3 years, driven by steady revenue and profit growth.</p>
<div class="lb-trans"><p>Fabrinet (FN) 已悄然成为市场上较强的复合增长股，今年股价上涨约 12%，过去三年大约增长了三倍，得益于稳定的收入和利润增长。</p>
</div><p>See our latest analysis for Fabrinet.</p>
<div class="lb-trans"><p>查看我们对 Fabrinet 的最新分析。</p>
</div><p>That steady execution has not gone unnoticed, with a 90 day share price return of almost 30% and a one year total shareholder return of around 101% signaling momentum that still looks constructive rather than exhausted.</p>
<div class="lb-trans"><p>这种稳定的执行力并未被忽视，90 天的股价回报接近 30%，一年总股东回报约为 101%，显示出仍然看似积极而非疲软的势头。</p>
</div><p>If Fabrinet’s run has you wondering what else is working in tech hardware and communications, it might be a good time to explore high growth tech and AI stocks as your next set of ideas.</p>
<div class="lb-trans"><p>如果 Fabrinet 的表现让你想知道在科技硬件和通信领域还有哪些表现良好，可能是时候探索高增长的科技和人工智能股票作为你的下一个投资思路。</p>
</div><p>With Fabrinet now trading almost exactly at analyst targets after a powerful multi year run, investors are left to decide: is this a rare high quality compounder still misunderstood, or has the market already priced in its future growth?</p>
<div class="lb-trans"><p>随着 Fabrinet 目前的交易价格几乎与分析师目标价完全一致，经过强劲的多年增长，投资者需要决定：这是一个仍被误解的稀有高质量复合增长股，还是市场已经将其未来增长的预期价格化？</p>
</div><h2>Most Popular Narrative Narrative: 0.2% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：0.2% 被低估</h2>
</div><p>Fabrinet’s fair value estimate of $479.25 sits almost exactly on the last close at $478.45. This frames the story as a razor thin mispricing call.</p>
<div class="lb-trans"><p>Fabrinet 的公允价值估计为 479.25 美元，几乎与最后的收盘价 478.45 美元完全一致。这将故事框定为一个微薄的错误定价呼吁。</p>
</div><blockquote>
<p><em>The decision to accelerate capacity expansion (Building 10) due to robust customer demand and new program ramps positions Fabrinet to capture additional large-scale opportunities in AI infrastructure and next-gen telecom, likely supporting both sustained revenue growth and operating leverage as fixed costs are spread over higher output.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>由于客户需求强劲和新项目的推进，决定加速扩产（10 号楼）使 Fabrinet 能够抓住人工智能基础设施和下一代电信中的额外大规模机会，可能支持持续的收入增长和运营杠杆，因为固定成本将在更高的产出中分摊。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整的叙述。</p>
</div><p>Want to see the math behind this near perfect price call? The narrative leans on powerful growth forecasts and a punchy future earnings multiple. Curious which assumptions really carry the weight here? Explore the details to uncover the projections that justify this tight fair value band.</p>
<div class="lb-trans"><p>想看看这个近乎完美的价格判断背后的数学吗？这个叙述依赖于强劲的增长预测和有力的未来收益倍数。好奇哪些假设在这里真正起到关键作用？探索细节以揭示支持这一紧密公允价值区间的预测。</p>
</div><p><strong>Result: Fair Value of $479.25 (ABOUT RIGHT)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 479.25 美元（大致正确）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, customer concentration and ongoing supply bottlenecks in next generation transceivers could quickly challenge the growth assumptions that underpin Fabrinet’s near perfect valuation case.</p>
<div class="lb-trans"><p>然而，客户集中度和下一代收发器持续的供应瓶颈可能迅速挑战支撑 Fabrinet 近乎完美估值案例的增长假设。</p>
</div><p>Find out about the key risks to this Fabrinet narrative.</p>
<div class="lb-trans"><p>了解 Fabrinet 叙述的关键风险。</p>
</div><h2>Another Lens on Valuation</h2>
<div class="lb-trans"><h2>估值的另一种视角</h2>
</div><p>Step away from fair value models, and the plain earnings multiple paints a different picture. Fabrinet trades on a P/E of 48.8 times, well above both peers at 38.7 times and a fair ratio of 34.2 times, suggesting sentiment could be running ahead of fundamentals.</p>
<div class="lb-trans"><p>远离公允价值模型，简单的收益倍数描绘出不同的图景。Fabrinet 的市盈率为 48.8 倍，远高于同行的 38.7 倍和公允比率的 34.2 倍，暗示市场情绪可能超前于基本面。</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这个价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9b796b13-64f0-46e8-b0ad-6cfcfb74e61e/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/9b796b13-64f0-46e8-b0ad-6cfcfb74e61e/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:FN PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>NYSE:FN 截至 2025 年 12 月的市盈率</p>
</div><h2>Build Your Own Fabrinet Narrative</h2>
<div class="lb-trans"><h2>自定义你的 Fabrinet 叙述</h2>
</div><p>If you want to challenge these conclusions or dig into the numbers yourself, you can craft a custom Fabrinet storyline in just minutes using Do it your way.</p>
<div class="lb-trans"><p>如果你想挑战这些结论或自己深入数字分析，可以在几分钟内使用 “按你的方式” 创建一个自定义的 Fabrinet 故事。</p>
</div><p>A great starting point for your Fabrinet research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>你进行 Fabrinet 研究的一个很好的起点是我们的分析，强调 2 个关键收益和 1 个可能影响你投资决策的重要警示信号。</p>
</div><h2>Ready for your next investing move?</h2>
<div class="lb-trans"><h2>准备好进行下一步投资了吗？</h2>
</div><p>Before you move on, consider setting up your next potential opportunities using the Simply Wall Street Screener so you are not relying on just one great story.</p>
<div class="lb-trans"><p>在你继续之前，考虑使用 Simply Wall Street 筛选器设置你的下一个潜在机会，这样你就不必仅仅依赖一个优秀的故事。</p>
</div><ul>
<li>Target reliable income streams by reviewing these 15 dividend stocks with yields &gt; 3% that might strengthen your portfolio’s cash generation and reduce reliance on short term swings.</li>
<li>Capitalize on potential market mispricing by focusing on these 905 undervalued stocks based on cash flows where future cash flows may be available at a meaningful discount.</li>
<li>Position yourself thoughtfully by scanning these 26 AI penny stocks that use artificial intelligence to reshape industries and long term growth trends.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过审查这 15 只收益率超过 3% 的股息股票，目标可靠的收入来源，可能增强你投资组合的现金生成能力，减少对短期波动的依赖。</li>
<li>通过关注这 905 只基于现金流的被低估股票，利用潜在的市场错误定价，这些未来现金流可能以有意义的折扣提供。</li>
<li>通过扫描这 26 只利用人工智能重塑行业和长期增长趋势的 AI 小盘股，合理定位自己。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

Fabrinet (FN)：在经历多年强劲的股价上涨后重新审视其估值