Fabrinet (FN) vs Plexus Corp. (PLXS)

Fabrinet and Plexus Corp. are both Electronic Components companies. Fabrinet is the larger, with a market value of $10.5B against $5.0B — 2.1× the size. Fabrinet trades at the lower P/E: 22.2× against 24.9×. Fabrinet grew revenue faster over the last twelve months: 43.0% against 23.1%. Fabrinet has the higher net margin (9.35% vs 4.08%) and the higher return on invested capital (17.5% vs 10.6%). Across the 21 metrics below, Fabrinet leads on 15 and Plexus Corp. on 6.

Valuation

Metric FN PLXS Electronic Components median
P/E 22.19 24.93 24.82
P/S 2.08 1.01 2.28
P/B 4.24 3.20 2.86
Price to free cash flow n/m n/m 22.99
EV/EBITDA 17.05 16.32 14.69
EV/Sales 1.94 1.01 2.38
Earnings yield 4.51% 4.01% 2.68%
Free cash flow yield (1.78%) (0.57%) 1.70%

Profitability

Metric FN PLXS Electronic Components median
Gross margin 11.95% 10.12% 32.78%
Operating margin 10.02% 5.31% 4.90%
Net margin 9.35% 4.08% 3.46%
Free cash flow margin (3.70%) (0.58%) 1.66%
Return on equity 21.00% 13.38% 5.59%
Return on assets 13.12% 5.73% 4.13%
Return on invested capital 17.53% 10.62% 4.66%

Growth

Metric FN PLXS Electronic Components median
Revenue growth (TTM) 42.98% 23.11% 13.94%
EPS growth (last fiscal year) 42.31% 18.36% 35.44%
Revenue growth, 5-year CAGR 19.82% 8.07% 6.70%
Net income growth, 5-year CAGR 26.10% 7.83% 7.53%

Health

Metric FN PLXS Electronic Components median
Debt to equity 0.03 0.17 0.11
Current ratio 2.04 1.43 2.50
Net debt to EBITDA (1.66) (0.06) 0.41

Dividend

Metric FN PLXS Electronic Components median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric FN PLXS Electronic Components median
Market cap 10.46b 5.00b 1.16b

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