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Fabrinet (FN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Fabrinet
NYSE•Technology•Electronic Components
$416.31+8.91(0.02%)Pre-market
Market Cap
$13.65B
P/E
28.9x
P/S
2.9x
P/B
5.6x

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, Europe, and internationally. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances. The company's products also comprise transceivers, tunable lasers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in George Town, the Cayman Islands.

B

How this company scores

GoodMetricSide Score: 67/100

Strongest: Growth (25/25); weakest: Cash & Earnings Quality (7/25).

Profitability20/25
Growth25/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality7/25
Strengths
Growing revenueHigh ROERising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.9x5y range 14.4x – 46.8x
P/E 28.9x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 2.9x5y range 1.3x – 4.7x
P/S 2.9x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 5.6x5y range 2.3x – 8.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume
Market Cap $13.65B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$4.64B
7Q
Q. Revenue
$1.32B
7Q
TTM EBITDA
$530.39M
7Q
TTM Op. Income
$462.89M
7Q
Q. Op. Income
$134.25M
5Q
TTM Net Income
$473.03M
7Q
Q. Net Income
$139.26M
5Q
EPS
$3.887
5Q
Shares Out.
$35.83M
0%
$4.64B in TTM revenue grew 35.7% YoY, reaching $1.32B last quarter. TTM EBITDA of $530.39M and TTM operating income of $462.89M show growth is flowing through to the bottom line. TTM net income of $473.03M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
12.0%
2%
EBITDA Margin
15.3%
1%
Op. Margin
10.2%
4%
Net Margin
10.6%
5Q
Op. margin of 10.2% is up 0.4% YoY — cost efficiency is improving. Net margin at 10.6% and gross margin of 12.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 4% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
28.9x
10%
P/S Ratio
2.9x
6%
P/B Ratio
5.6x
3%
At 28.9x P/E, the stock trades within typical market levels. P/S of 2.9x and P/B of 5.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 10% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$3.91B
7Q
Cash
$346.71M
13%
Long-Term Debt
N/A
Book Value
$2.45B
7Q
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$54.97M
2Q
TTM Free Cash Flow
$4.22M
6Q
FCF Margin
0.1%
6Q
FCF / Net Income
0.0
6Q
TTM FCF of $4.22M on $54.97M in operating cash flow. The FCF / Net Income ratio of 0.0x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 6 consecutive quarters — a weakening trend.

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Currently above its 20-quarter median.