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Asia Pacific Wire & Cable Corporation Limited (APWC) 10-Year Financial Performance & Capital Metrics

APWC • • Industrial / General
IndustrialsElectrical EquipmentElectrical Infrastructure ProductsWire & Cable Manufacturing
AboutAsia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People's Republic of China, Hong Kong, and other markets in the Asia Pacific region. The company offers copper rods; and telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as streetlights, traffic signals, and other signs. It also provides enameled wire for use in the assembly of a range of electrical products consisting of oil-filled transformers, refrigerator motors, telephones, radios, televisions, fan motors, air conditioner compressors, and other electric appliances. In addition, the company distributes wire and cable products; and offers project engineering services in the supply, delivery, and installation of power cables, as well as fabrication services for converting raw materials to wire and cable products. It serves government organizations, electric contracting firms, electrical dealers, and wire and cable factories. The company was incorporated in 1996 and is headquartered in Taipei, Taiwan. Asia Pacific Wire & Cable Corporation Limited is a subsidiary of Pacific Electric Wire & Cable Co., Ltd.Show more
  • Revenue $473M +11.0%
  • EBITDA $16M +107.4%
  • Net Income $3M -9.9%
  • EPS (Diluted) 0.17 -10.5%
  • Gross Margin 7.42% +4.6%
  • EBITDA Margin 3.4% +86.8%
  • Operating Margin 2.12% +482.3%
  • Net Margin 0.74% -18.8%
  • ROE 1.62% -10.7%
  • ROIC 3.37% +554.3%
  • Debt/Equity 0.14 -44.6%
  • Interest Coverage 4.34 +573.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.2x book value
  • ✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

  • ✗Weak 3Y average ROE of 1.8%
  • ✗Thin 5Y average net margin of 0.4%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.46%
5Y6.93%
3Y-0.28%
TTM7.91%

Profit (Net Income) CAGR

10Y19.81%
5Y-
3Y-
TTM3.49%

EPS CAGR

10Y15.57%
5Y-
3Y-
TTM1.42%

ROCE

10Y Avg2.29%
5Y Avg1.89%
3Y Avg2.84%
Latest4.37%

Peer Comparison

Wire & Cable Manufacturing
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PLPCPreformed Line Products Company1.22B248.1833.09-11.34%5.62%8%4.34%0.09
APWCAsia Pacific Wire & Cable Corporation Limited35.62M1.689.8811.02%0.75%1.65%56.22%0.14

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+389.63M384.56M425.21M425.94M338.16M313.56M476.66M433.89M425.77M472.67M
Revenue Growth %-0.14%-0.01%0.11%0%-0.21%-0.07%0.52%-0.09%-0.02%0.11%
Cost of Goods Sold+366.14M352.96M385.53M389.69M313.37M279.69M455.51M401.36M395.55M437.58M
COGS % of Revenue0.94%0.92%0.91%0.91%0.93%0.89%0.96%0.93%0.93%0.93%
Gross Profit+23.49M31.61M39.69M36.25M24.79M33.88M21.15M32.53M30.23M35.09M
Gross Margin %0.06%0.08%0.09%0.09%0.07%0.11%0.04%0.07%0.07%0.07%
Gross Profit Growth %-0.36%0.35%0.26%-0.09%-0.32%0.37%-0.38%0.54%-0.07%0.16%
Operating Expenses+27.21M27.18M27.47M27.65M25.44M26.32M26.12M24.46M28.68M25.09M
OpEx % of Revenue0.07%0.07%0.06%0.06%0.08%0.08%0.05%0.06%0.07%0.05%
Selling, General & Admin26.88M26.32M27.25M26.92M25.05M27.01M26.48M24.98M24.47M25.86M
SG&A % of Revenue0.07%0.07%0.06%0.06%0.07%0.09%0.06%0.06%0.06%0.05%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses-180K-94K110K1.7M385K-685K-360K-515K4.21M-768K
Operating Income+-2.58M7.34M16.61M8.68M-649K7.56M-4.97M8.07M1.55M10.01M
Operating Margin %-0.01%0.02%0.04%0.02%-0%0.02%-0.01%0.02%0%0.02%
Operating Income Growth %-1.5%3.84%1.26%-0.48%-1.07%12.64%-1.66%2.62%-0.81%5.47%
EBITDA+3.05M12.81M21.6M13.63M4.67M12.96M521K13.9M7.76M16.09M
EBITDA Margin %0.01%0.03%0.05%0.03%0.01%0.04%0%0.03%0.02%0.03%
EBITDA Growth %-0.73%3.2%0.69%-0.37%-0.66%1.77%-0.96%25.68%-0.44%1.07%
D&A (Non-Cash Add-back)5.63M5.47M4.99M4.94M5.32M5.4M5.49M5.83M6.21M6.09M
EBIT-6.3M8.39M19.89M12.71M1.95M8.34M-8.76M9.05M2.86M11.54M
Net Interest Income+-850K-102K-345K-896K-506K-424K-974K-1.37M-2.19M-2.1M
Interest Income697K1.04M876K482K506K320K123K120K205K208K
Interest Expense1.55M1.15M1.22M1.38M1.01M744K1.1M1.49M2.4M2.3M
Other Income/Expense-5.93M-803K2.05M2.65M1.75M168K-4.88M-502K-1.08M-631K
Pretax Income+-8.94M6.54M18.67M11.33M1.11M7.72M-9.86M7.57M464K9.38M
Pretax Margin %-0.02%0.02%0.04%0.03%0%0.02%-0.02%0.02%0%0.02%
Income Tax+661K510K5.14M3.89M2.06M4.02M-1.34M2.81M162K2.81M
Effective Tax Rate %0.91%0.44%0.47%0.26%-1.48%-0.07%0.27%0.51%8.33%0.37%
Net Income+-8.16M2.85M8.72M2.93M-1.63M-552K-2.64M3.87M3.87M3.49M
Net Margin %-0.02%0.01%0.02%0.01%-0%-0%-0.01%0.01%0.01%0.01%
Net Income Growth %-15.26%1.35%2.06%-0.66%-1.56%0.66%-3.79%2.47%-0%-0.1%
Net Income (Continuing)-9.11M6.74M13.53M7.45M-951K3.71M-8.51M4.76M302K6.57M
Discontinued Operations0000000000
Minority Interest58.74M61.23M69.5M71.79M74.58M77.02M61.82M59.83M57.56M60.41M
EPS (Diluted)+-0.590.210.630.21-0.07-0.04-0.190.190.190.17
EPS Growth %-15.75%1.36%2%-0.67%-1.33%0.42%-3.76%2%0%-0.11%
EPS (Basic)-0.590.210.630.21-0.07-0.04-0.190.190.190.17
Diluted Shares Outstanding13.82M13.82M13.82M13.82M13.82M13.82M13.82M20.02M20.62M20.62M
Basic Shares Outstanding13.82M13.82M13.82M13.82M13.82M13.82M13.82M20.02M20.62M20.62M
Dividend Payout Ratio--0.16%0.38%------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+247.52M244.63M283.03M254.15M239.5M263.7M312M299.52M294.95M271.66M
Cash & Short-Term Investments51.32M48.42M46.09M60.78M53.67M52.24M44.76M54.06M38.28M34.03M
Cash Only51.3M48.23M46.09M60.78M53.67M52.24M44.51M54.02M37.97M34.03M
Short-Term Investments19K187K0000249K39K307K0
Accounts Receivable88.63M111.01M135.43M105.56M97.2M109.49M131.56M107.85M121.94M105.34M
Days Sales Outstanding83.02105.36116.2590.46104.91127.45100.7490.72104.5381.34
Inventory83.14M77.41M97.2M83.92M85.19M96.37M128.8M130.61M128.23M126.81M
Days Inventory Outstanding82.8880.0592.0378.6199.22125.77103.21118.78118.33105.78
Other Current Assets4M23.92M3.06M2.75M1.52M1.55M4.37M3.67M3.91M2.28M
Total Non-Current Assets+57.88M48.97M51.82M51.65M59.41M74.42M77.42M71.49M71.71M68.2M
Property, Plant & Equipment45.9M39.64M42.33M42.4M45.48M57.95M57.81M54.15M52.77M54.65M
Fixed Asset Turnover8.49x9.70x10.05x10.05x7.44x5.41x8.24x8.01x8.07x8.65x
Goodwill0000000000
Intangible Assets93K173K138K157K128K180K129K139K124K110K
Long-Term Investments4.8M3.86M3.61M3.2M5M11.46M3.76M2.36M3.71M3.88M
Other Non-Current Assets2.61M2.18M2.72M1.98M4.86M945K8.48M7.71M7.31M2.88M
Total Assets+305.4M293.6M334.84M305.8M298.91M338.12M389.43M371.02M366.66M339.86M
Asset Turnover1.28x1.31x1.27x1.39x1.13x0.93x1.22x1.17x1.16x1.39x
Asset Growth %-0.19%-0.04%0.14%-0.09%-0.02%0.13%0.15%-0.05%-0.01%-0.07%
Total Current Liabilities+102.57M87.62M101.28M71.74M53.65M83.38M162.19M133.6M140.57M108.02M
Accounts Payable27.34M25.45M22.97M15.94M10.51M17.36M32.43M29.26M40.98M46.56M
Days Payables Outstanding27.2626.3221.7514.9312.2422.6525.9826.6137.8138.84
Short-Term Debt37.7M28.23M41.15M24.81M11.36M10.68M62.08M45.58M53.74M24.1M
Deferred Revenue (Current)1000K1000K1000K756K216K259K612K1000K1000K1000K
Other Current Liabilities18.99M17.58M17.12M25.04M26.23M49.56M14.84M5.63M37.58M4.14M
Current Ratio2.41x2.79x2.79x3.54x4.46x3.16x1.92x2.24x2.10x2.51x
Quick Ratio1.60x1.91x1.83x2.37x2.88x2.01x1.13x1.26x1.19x1.34x
Cash Conversion Cycle138.64159.09186.53154.13191.89230.57177.96182.89185.05148.29
Total Non-Current Liabilities+8.77M8.8M10.74M12.24M16.83M19.87M17.92M25.99M11.47M16.47M
Long-Term Debt-5.97M00003.65M3.3M12.15M04.87M
Capital Lease Obligations51K54K42K46K2.25M1.78M1.92M1.95M1.45M1.43M
Deferred Tax Liabilities2.73M2.59M3.15M3.92M4.14M4.41M4.11M4.2M3.84M4.08M
Other Non-Current Liabilities5K6.16M7.55M8.27M10.43M10.03M8.59M7.69M188K6.1M
Total Liabilities111.33M96.42M112.02M83.98M70.48M103.24M180.11M159.59M152.04M124.5M
Total Debt+37.77M28.31M41.23M24.9M14.18M16.11M67.87M60.3M55.82M31.04M
Net Debt-13.53M-19.92M-4.86M-35.87M-39.49M-36.12M23.37M6.29M17.85M-2.99M
Debt / Equity0.19x0.14x0.19x0.11x0.06x0.07x0.32x0.29x0.26x0.14x
Debt / EBITDA12.39x2.21x1.91x1.83x3.03x1.24x130.28x4.34x7.19x1.93x
Net Debt / EBITDA-4.44x-1.56x-0.23x-2.63x-8.45x-2.79x44.85x0.45x2.30x-0.19x
Interest Coverage-1.67x6.40x13.61x6.30x-0.64x10.16x-4.53x5.42x0.65x4.34x
Total Equity+194.07M197.18M222.83M221.82M228.44M234.88M209.32M211.43M214.62M215.37M
Equity Growth %-0.12%0.02%0.13%-0%0.03%0.03%-0.11%0.01%0.02%0%
Book Value per Share14.0414.2716.1216.0516.5317.0015.1510.5610.4110.45
Total Shareholders' Equity135.33M135.95M153.33M150.03M153.85M157.86M147.5M151.59M157.06M154.96M
Common Stock138K138K138K138K138K138K138K206K206K206K
Retained Earnings44.18M46.01M53.35M55.02M53.38M52.83M50.19M54.06M57.93M61.42M
Treasury Stock-38K-38K-38K-38K-38K-38K-38K-38K-38K-38K
Accumulated OCI-116.61M-115.71M-128.14M-129.29M-10.05M-5.49M00-19.14M-24.73M
Minority Interest58.74M61.23M69.5M71.79M74.58M77.02M61.82M59.83M57.56M60.41M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+9.2M9.01M-16.9M40.65M15.14M16.38M-41.61M6.57M-6.09M24.3M
Operating CF Margin %0.02%0.02%-0.04%0.1%0.04%0.05%-0.09%0.02%-0.01%0.05%
Operating CF Growth %0.13%-0.02%-2.87%3.41%-0.63%0.08%-3.54%1.16%-1.93%4.99%
Net Income-8.94M6.54M18.67M11.33M1.11M7.72M-9.86M7.57M464K9.38M
Depreciation & Amortization5.63M5.5M5.02M5.02M5.32M5.4M5.49M5.83M6.21M6.09M
Stock-Based Compensation0000000000
Deferred Taxes0000000000
Other Non-Cash Items1.4M-4.55M-7.31M-2.85M-3.22M-1.59M11.98M-4.9M-8.35M-1.18M
Working Capital Changes11.11M1.53M-33.28M27.15M11.93M4.84M-49.23M-1.94M-4.42M10.02M
Change in Receivables15.66M-9.95M-14.71M27.99M16.03M-1.9M-25.74M16.72M-21M11.45M
Change in Inventory16.02M7.71M-11.52M10.34M3.17M-8.83M-53.86M-4.39M13.92M-2.35M
Change in Payables-12.86M4.04M-6.78M-9.76M-8.44M12.79M26.45M-14.04M6.66M-2.27M
Cash from Investing+-7.32M-152K3.86M-4.82M-6.4M-20.3M-6.15M-2.65M-4.86M-3.37M
Capital Expenditures-7.44M-5.17M-4.91M-4.51M-5.46M-14.6M-8.55M-3.81M-4.25M-4.22M
CapEx % of Revenue0.02%0.01%0.01%0.01%0.02%0.05%0.02%0.01%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing123K323K8.44M100K171K-1.47M395K301K-447K908K
Cash from Financing+-14.63M-10.41M7.04M-19.58M-17.95M2.06M42.41M9.63M-5.5M-24.26M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid00-1.38M-1.11M000000
Share Repurchases----------
Other Financing-2.04M-1.16M-1.94M-2.21M-3.06M4.15M-3.05M-565K-357K-1K
Net Change in Cash----------
Free Cash Flow+1.76M3.84M-21.81M36.14M9.68M1.77M-50.16M2.76M-10.38M20.03M
FCF Margin %0%0.01%-0.05%0.08%0.03%0.01%-0.11%0.01%-0.02%0.04%
FCF Growth %-0.18%1.18%-6.67%2.66%-0.73%-0.82%-29.32%1.05%-4.77%2.93%
FCF per Share0.130.28-1.582.620.700.13-3.630.14-0.500.97
FCF Conversion (FCF/Net Income)-1.13x3.16x-1.94x13.88x-9.28x-29.66x15.75x1.69x-1.57x6.97x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-3.93%1.46%4.15%1.32%-0.72%-0.24%-1.19%1.84%1.82%1.62%
Return on Invested Capital (ROIC)-1%3.08%6.31%3.23%-0.26%2.92%-1.73%2.69%0.52%3.37%
Gross Margin6.03%8.22%9.33%8.51%7.33%10.8%4.44%7.5%7.1%7.42%
Net Margin-2.09%0.74%2.05%0.69%-0.48%-0.18%-0.55%0.89%0.91%0.74%
Debt / Equity0.19x0.14x0.19x0.11x0.06x0.07x0.32x0.29x0.26x0.14x
Interest Coverage-1.67x6.40x13.61x6.30x-0.64x10.16x-4.53x5.42x0.65x4.34x
FCF Conversion-1.13x3.16x-1.94x13.88x-9.28x-29.66x15.75x1.69x-1.57x6.97x
Revenue Growth-13.67%-1.3%10.57%0.17%-20.61%-7.27%52.01%-8.97%-1.87%11.02%

Revenue by Segment

201220172018201920202021202220232024
Power--156.9M128.18M127.63M191.52M182.17M221.07M229.39M
Power Growth----18.31%-0.43%50.06%-4.88%21.36%3.76%
S D I-21.38M---39.48M45.93M57.7M63.39M
S D I Growth------16.35%25.61%9.87%
Other Products--51.15M30.41M21.68M32.89M27.67M9.56M28.58M
Other Products Growth----40.54%-28.70%51.67%-15.87%-65.44%198.88%
Fabrication----33.1M----
Fabrication Growth---------
Manufactured Products-361.85M-------
Manufactured Products Growth---------
Distributed Products-41.98M-------
Distributed Products Growth---------
Manufactured products401.02M--------
Manufactured products Growth---------
Supply, delivery and installation of wires and cables6.45M--------
Supply, delivery and installation of wires and cables Growth---------

Revenue by Geography

201220172018201920202021202220232024
THAILAND-158.56M154.21M116.16M128.87M168.77M153.16M152.44M158.13M
THAILAND Growth---2.75%-24.67%10.94%30.97%-9.25%-0.47%3.74%
SINGAPORE-76.45M63.78M46.22M44.48M95.12M118.79M135.23M154.38M
SINGAPORE Growth---16.57%-27.54%-3.77%113.85%24.89%13.84%14.16%
CHINA-108.56M111.92M81.81M77.41M118.22M82.19M62.24M76.15M
CHINA Growth--3.09%-26.90%-5.38%52.72%-30.48%-24.27%22.34%
AUSTRALIA-34.9M37.59M34.45M45.16M67.65M60.3M62.14M67.11M
AUSTRALIA Growth--7.72%-8.37%31.10%49.80%-10.87%3.05%7.99%
South East Asia-46.69M13.34M23.39M14.77M25.64M18.66M12.74M15.98M
South East Asia Growth---71.43%75.35%-36.84%73.57%-27.22%-31.73%25.45%
INDIA--45.01M36.12M2.86M1.25M779K973K923K
INDIA Growth----19.75%-92.08%-56.36%-37.58%24.90%-5.14%
North East Asia-50K94K11K13K8K12K16K-
North East Asia Growth--88.00%-88.30%18.18%-38.46%50.00%33.33%-
Thailand167.76M--------
Thailand Growth---------
Singapore93.28M--------
Singapore Growth---------
Australia64.4M--------
Australia Growth---------

Frequently Asked Questions

Valuation & Price

Asia Pacific Wire & Cable Corporation Limited (APWC) has a price-to-earnings (P/E) ratio of 9.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Asia Pacific Wire & Cable Corporation Limited (APWC) reported $505.2M in revenue for fiscal year 2024. This represents a 7% increase from $471.9M in 2011.

Asia Pacific Wire & Cable Corporation Limited (APWC) grew revenue by 11.0% over the past year. This is steady growth.

Yes, Asia Pacific Wire & Cable Corporation Limited (APWC) is profitable, generating $3.8M in net income for fiscal year 2024 (0.7% net margin).

Dividend & Returns

Asia Pacific Wire & Cable Corporation Limited (APWC) has a return on equity (ROE) of 1.6%. This is below average, suggesting room for improvement.

Asia Pacific Wire & Cable Corporation Limited (APWC) had negative free cash flow of $12.6M in fiscal year 2024, likely due to heavy capital investments.

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