Fabrinet provides advance-level optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices,…
It is a $17.5B technology company. Revenue grew 35.7% over the last year, it keeps 10¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 36.8× earnings — in the most expensive third of its own history.
- Website
- fabrinet.com
- Location
- Grand Cayman
- Employees
- 16 457
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability and health; Valuation and Quality lag behind.
Valuation30
- P/E vs own history83th pct · 0/25
- FCF yield0.0% · 5/25
- P/S3.8x · 20/25
- EV/EBITDA32.1x · 5/25
Growth95
- Revenue CAGR19.7% · 20/25
- Net income CAGR24.0% · 25/25
- EPS CAGR ~5Y27.0% · 25/25
- Fwd implied growth37.9% · 25/25
Profitability77
- ROIC29.9% · 25/25
- ROE21.0% · 20/25
- Net margin10.2% · 20/25
- Operating margin10.0% · 12/25
Health75
- Altman Zn/a · 0/25
- Current ratio2.25 · 25/25
- Interest coverage15.0x · 25/25
- Net cash / debtNet cash · 25/25
Quality43
- Piotroski F6/9 · 15/25
- Beneish M5.60 · 0/25
- FCF conversion11% · 3/25
- Margin stabilityσ 1.2% · 25/25
Moat68
- ROIC >12% years11/11 yrs · 25/25
- Median gross margin12.1% · 0/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst 6.1% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$473M net income
- FY2017FinancialRevenue crossed $1B$1.42B for the year
- FY2016FinancialProfitable every year on record11 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since11-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 35.7% year over year
- Net cash position after subtracting debt from cash
- Interest covered 15.0× by operating earnings
- High returns on invested capital (ROIC 29.9%)
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+35.7% YoY
- Profitable — makes more than it spends$473M TTM
- Profit growing — earnings are higher than last year+24.7% YoY
- Generates cash — cash left after running and investing$4.22M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$17.5B market cap
- Not printing shares — share count not ballooning — you keep your slice-3.5% shares over ~5y
- Proven track record — years of profitability behind it11/11 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 36.8
Peer comparisonFabrinet vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| FN this company | $17.5B | 36.8 | +35.7% | 10.2% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: FN vs NVDA · FN vs AAPL · FN vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/FN
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of FN on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $487.80 · market cap $17.5B.