Discounted Cash Flow

Fabrinet

FN · Based on 10 years of SEC filings

Average annual growth rates

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

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 $976.7m $61.9m $6.5m 6.3% $1.73
2017 $1.4b (45.4%) $97.1m (56.9%) $2.7m (-58.7%) 6.8% (7.9%) $2.63 (52.0%)
2018 $1.4b (-3.4%) $84.2m (-13.3%) $104.3m (3801.8%) 6.1% (-10.3%) $2.26 (-14.1%)
2019 $1.6b (15.5%) $121.0m (43.7%) $128.7m (23.5%) 7.6% (24.4%) $3.29 (45.6%)
2020 $1.6b (3.6%) $113.5m (-6.2%) $108.3m (-15.8%) 6.9% (-9.5%) $3.07 (-6.7%)
2021 $1.9b (14.5%) $148.3m (30.7%) $76.1m (-29.7%) 7.9% (14.2%) $4.02 (30.9%)
2022 $2.3b (20.4%) $200.4m (35.1%) $34.7m (-54.5%) 8.9% (12.2%) $5.43 (35.1%)
2023 $2.6b (16.9%) $247.9m (23.7%) $151.9m (338.4%) 9.4% (5.8%) $6.79 (25.0%)
2024 $2.9b (9.0%) $296.2m (19.5%) $365.6m (140.6%) 10.3% (9.6%) $8.17 (20.3%)
2025 $3.4b (18.6%) $332.5m (12.3%) $207.3m (-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:

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