# Fabrinet (FN) — Stock CV

Fabrinet 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.

> 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,…

## Identity

- **Ticker**: FN
- **Sector**: Technology
- **Industry**: Telephone & Telegraph Apparatus
- **Headquarters**: GRAND CAYMAN
- **Employees**: 16 457
- **Website**: https://www.fabrinet.com
- **Market cap**: $17.5B
- **Last price**: $487.80
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $4.64B
- **Net income**: $473M
- **Free cash flow**: $4.22M
- **Net cash**: $871M
- **P/E**: 36.8
- **Revenue growth (YoY)**: 35.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 30 |
| Growth | 95 |
| Profitability | 77 |
| Health | 75 |
| Quality | 43 |
| Moat | 68 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +35.7% YoY
- [x] Profitable — $473M TTM
- [x] Profit growing — +24.7% YoY
- [x] Generates cash — $4.22M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $17.5B market cap
- [x] Not printing shares — -3.5% shares over ~5y
- [x] Proven track record — 11/11 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 36.8

## Experience (career milestones)

- **FY2026** — Best year on record: $473M net income
- **FY2017** — Revenue crossed $1B: $1.42B for the year
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 11-year streak

## 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

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $2.26B | $200M | $34.7M |
| FY2023 | $2.65B | $248M | $152M |
| FY2024 | $2.88B | $296M | $366M |
| FY2025 | $3.42B | $333M | $207M |
| FY2026 | $4.64B | $473M | $4.22M |

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Source: https://stockcv.com/FN — derived from company filings; may be delayed or incomplete. Information, not investment advice.