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FN

Fabrinet

FNTechnologyNASDAQ

Electronic Components

PriceMA150MA200
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Financials · Annual
Revenue
$3.42B
+18.6% YoY
Net Income
$332.5M
+12.3% YoY
EBITDA
$408.6M
+13.3% YoY
Free Cash Flow
-$79.2M

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About Fabrinet

Part of the technology sector, Fabrinet (FN) is listed under Electronic Components. Valued at $23.93B, FN is a large-cap name in its sector. 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.

Key stats
Market Cap$23.93B
P/E (TTM)57.53
Fwd P/E38.68
EPS$11.61
Beta1.22
52W Change+186.8%
ROE20.0%
Analysis

The balance sheet looks solid with $945.2M in cash comfortably exceeding the $4.4M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$79.2M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 20.0%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 8.5% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $2.26B (2022) to $3.42B (2025), reflecting a 51% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. At over 50x earnings, FN carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FN.

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