Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MP stock price vs FN: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at FN's multiple
Needs FN P/S.
Implied fair value · at MP's multiple
Needs MP P/S.
Metric by metric
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Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MP FY 2025 (ended Dec 31, 2025) · FN FY 2026 (ended Jun 26, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
MP Materials Corp. / DE · implied price per share
Bear
-$0.42
Base
-$0.50
Bull
-$0.57
FABRINET · implied price per share
Bear
$110.75
Base
$130.29
Bull
$149.84
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.50x
0.01x
Net debt / EBITDA
Leverage against operating earnings
11.35x
-1.36x
Cash and equivalents
Liquid reserves on the balance sheet
$1.17B
$875.06M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$998.74M
$27.36M
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LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe MP can sharply improve margins and convert revenue growth into sustainable profitability, then hold or add only selectively; otherwise, FN comparison argues for a cautious or underweight stance because MP trades at a steep premium to FN despite far weaker margins, returns, and leverage.
MP’s current price of $53.31 versus an implied P/S-based value of $6.61 implies -87.6% downside, indicating the stock is far above what FN multiple framework supports. The gap is driven by MP’s much richer sales multiple and weaker operating economics versus FN.
Supporting Metrics
