FN
Fabrinet
FN has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over FN overall, supported by stronger fundamentals.
FN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Strong |
FN's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
FN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $354 | — |
| Cheap | 19x | $258 | -27% |
| Fair | 25x | $335 | -5.4% |
| Current | 27x | $354 | — |
| Expensive | 33x | $437 | +23% |
Historical ranges are pointers, not guarantees.
FN's PE is in its fair range at 27x. If earnings grow as analysts expect, today's price would be 17x next year's earnings, in its cheap range.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over FN in the historical PE scenario, which offers more potential upside but is not a forecast.
FN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for FN, with profitability holding steady.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over FN on the outlook, with more favorable profitability expectations.
FN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.94 | +58% |
| Q3 2026 | $13.25 | +37% |
| Q2 2026 | $13.05 | +42% |
| Q1 2026 | $11.63 | +30% |
| Q4 2025 | $10.43 | +17% |
| Q3 2025 | $9.70 | +15% |
| Q2 2025 | $9.17 | +13% |
| Q1 2025 | $8.98 | +19% |
| Q4 2024 | $8.94 | +29% |
FN's earnings per share have climbed steadily: $13.25 over the past year, up 37% from the year before, and higher year over year every quarter since late 2020.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over FN in the latest year-over-year earnings comparison.
FN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +51% |
| Q2 2026 | $1.3B | +45% |
| Q1 2026 | $1.2B | +39% |
| Q4 2025 | $1.1B | +36% |
| Q3 2025 | $978.1M | +22% |
| Q2 2025 | $909.7M | +21% |
| Q1 2025 | $871.8M | +19% |
| Q4 2024 | $833.6M | +17% |
FN's revenue has grown year over year every quarter since late 2020: $1.5B last quarter, up 51% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.9% | +0.3 points |
| Q2 2026 | 10% | +0.4 points |
| Q1 2026 | 9.9% | +0.8 points |
| Q4 2025 | 10% | +0.5 points |
| Q3 2025 | 9.6% | +0.1 points |
| Q2 2025 | 9.8% | +0.1 points |
| Q1 2025 | 9.1% | -0.7 points |
| Q4 2024 | 9.6% | -0.1 points |
FN's operating margin was 9.9% last quarter, about level with the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over FN on profitability, with a higher operating margin.
FN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$137.4M | -340% |
| Q2 2026 | -$36.9M | -888% |
| Q1 2026 | -$10.8M | -124% |
| Q4 2025 | -$5.3M | -106% |
| Q3 2025 | $57.3M | -8.9% |
| Q2 2025 | $4.7M | -93% |
| Q1 2025 | $45.7M | -48% |
| Q4 2024 | $94M | +26% |
FN's free cash flow has turned negative after years in the green: −$190M over the past year.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over FN on cash generation, producing positive trailing cash flow while its opponent burns cash.
FN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -19K shares |
| 1 year | +0.4% | +136K shares |
| 3 years | -0.7% | -248K shares |
| 5 years | -2.9% | -1.1M shares |
| Available history | -4.1% | -1.5M shares |
FN has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $29.1M |
| Q2 2026 | — |
| Q1 2026 | $151,000 |
| Q4 2025 | $4.8M |
| Q3 2025 | $268,000 |
| Q2 2025 | $22.3M |
| Q1 2025 | $34.8M |
| Q2 2024 | $3.5M |
FN spent $34M buying back its own shares over the past year.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
FN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -0.8x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -1.2x | Net Cash |
FN has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
FN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 13.9 | Oversold |
FN's weekly RSI is 40 (neutral) and its Stochastic is 14 (oversold).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
FN PE vs Technology Sector
| Metric | FN | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 4.2% below |
| PE % | 60 | 35 | 25 pts above |
FN is trading at 27x earnings, in line with the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over FN on valuation relative to its sector.
FN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $381.8 | 7.3% below |
| 20 week MA | $430.4 | 18% below |
| 50 week MA | $508.0 | 30% below |
| 100 week MA | $396.1 | 11% below |
| 200 week MA | $287.6 | 23% above |
FN has stronger trend alignment. FN is above 1 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
FN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.6 | $76.1 | +18% |
| 2021 | $76.1 | $118.0 | +55% |
| 2022 | $118.0 | $128.7 | +9% |
| 2023 | $128.7 | $190.3 | +48% |
| 2024 | $190.3 | $219.5 | +15% |
| 2025 | $219.5 | $478.3 | +118% |
| 2026 YTD | $478.3 | $353.8 | -26% |
FN has finished every year since 2020 higher, and it's down 26% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over FN on returns for 2026, with the stronger performance.