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Asia Pacific Wire & Cable Corp LTD (APWC) stock

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NASDAQ: APWC Nasdaq Electrical Components & Equipment

C+ Fundamentals grade

Asia Pacific Wire & Cable Corp LTD is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$2.6

Valuation models combined (2)

Base case. Range ~$1.9–$2.9. Weighted average of 2 models (price-to-earnings vs peers, residual income), the price-to-earnings vs peers counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Asia Pacific Wire & Cable Corp LTD valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Asia Pacific Wire & Cable files

Where Asia Pacific Wire & Cable stands after its latest Filing

Revenue for the twelve months was $490m, up 3.6% on a year earlier, slower than the 11.0% growth a quarter earlier. Free-cash-flow margin rose to -2.3% from -10.5% a year earlier. Operating margin widened to 1.3% from -1.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 7 financial-health checks. Our valuation models combined value is $2.54 a share, against a share price of $1.16.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Asia Pacific Wire & Cable Corp LTD's trailing-twelve-month revenue grew 3.6% year on year, with a free-cash-flow margin of -2.3%. Where it stands out: long-term debt as % of assets of 0.1% ranks 2 of 40 electrical components & equipment companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 3.6% (-7.4pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Asia Pacific Wire & Cable Corp LTD's latest figures clears our strength thresholds.

Things to watch

  • Growth slowing. The growth rate is 7.4 points lower than a quarter earlier.
  • Burning cash. Free cash flow was -2.3% of revenue over the last 12 months.
  • Weak cash conversion. Free cash flow was -302% of net income over the last 12 months.
  • Below peers: gross margin. Gross margin of 7.0% ranks 42 of 54 electrical components & equipment companies we cover (median 29.3%).

Price chart

  • 1 day+0.9%
  • 1 week-9.0%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$490M
Operating margin
1.3%
Net margin
0.7%
EPS (TTM, diluted)
$0.18

Growth

Revenue growth
+3.6%
Change in growth rate
−7.4 pts
Share count change
+0.0%

Cash

Free cash flow (TTM)
-$11.1M
FCF margin
-2.3%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for APWC from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Asia Pacific Wire & Cable Corp LTD valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Asia Pacific Wire & Cable Corp LTD as an operating company, with every model that fits that kind of business. Cost of equity 11.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.46 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$2.9 ~$2.9–$6.8 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.9 ~$1.2–$2.9 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: earnings are positive: price-to-earnings is the better measure
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.6 ~$1.9–$2.9 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Asia Pacific Wire & Cable Corp LTD with Electrical Components & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Asia Pacific Wire & Cable Corp LTD: too few analysts cover it.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
7.37
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
1%
of shares
Held by insiders
84.8%
of shares
Employees
1,175
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Asia Pacific Wire & Cable Corp LTD in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Asia Pacific Wire & Cable Corp LTD
$300M $350M $400M $450M $500M FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY15 Q4: $389.6M Revenue (TTM), FY16 Q4: $384.6M Revenue (TTM), FY17 Q4: $425.2M Revenue (TTM), FY18 Q4: $425.9M Revenue (TTM), FY19 Q4: $338.2M Revenue (TTM), FY20 Q4: $313.6M Revenue (TTM), FY21 Q4: $476.7M Revenue (TTM), FY22 Q4: $433.9M Revenue (TTM), FY23 Q4: $425.8M Revenue (TTM), FY24 Q4: $472.7M Revenue (TTM), FY25 Q4: $489.7M $489.7M

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY15 Q4 $389.6M
FY16 Q4 $384.6M
FY17 Q4 $425.2M
FY18 Q4 $425.9M
FY19 Q4 $338.2M
FY20 Q4 $313.6M
FY21 Q4 $476.7M
FY22 Q4 $433.9M
FY23 Q4 $425.8M
FY24 Q4 $472.7M
FY25 Q4 $489.7M
Revenue growth, TTM YoY Asia Pacific Wire & Cable Corp LTD
-40% -20% 0% 20% 40% 60% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue growth, TTM YoY, FY16 Q4: -1.3% Revenue growth, TTM YoY, FY17 Q4: 10.6% Revenue growth, TTM YoY, FY18 Q4: 0.2% Revenue growth, TTM YoY, FY19 Q4: -20.6% Revenue growth, TTM YoY, FY20 Q4: -7.3% Revenue growth, TTM YoY, FY21 Q4: 52.0% Revenue growth, TTM YoY, FY22 Q4: -9.0% Revenue growth, TTM YoY, FY23 Q4: -1.9% Revenue growth, TTM YoY, FY24 Q4: 11.0% Revenue growth, TTM YoY, FY25 Q4: 3.6% 3.6%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY16 Q4 -1.3%
FY17 Q4 10.6%
FY18 Q4 0.2%
FY19 Q4 -20.6%
FY20 Q4 -7.3%
FY21 Q4 52.0%
FY22 Q4 -9.0%
FY23 Q4 -1.9%
FY24 Q4 11.0%
FY25 Q4 3.6%
Operating margin (TTM) Asia Pacific Wire & Cable Corp LTD
-2% 0% 2% 4% FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY15 Q4: -0.7% Operating margin (TTM), FY16 Q4: 1.9% Operating margin (TTM), FY17 Q4: 3.9% Operating margin (TTM), FY18 Q4: 2.0% Operating margin (TTM), FY19 Q4: -0.2% Operating margin (TTM), FY20 Q4: 2.4% Operating margin (TTM), FY21 Q4: -1.0% Operating margin (TTM), FY22 Q4: 1.9% Operating margin (TTM), FY23 Q4: 0.4% Operating margin (TTM), FY24 Q4: 2.1% Operating margin (TTM), FY25 Q4: 1.3% 1.3%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q4 -0.7%
FY16 Q4 1.9%
FY17 Q4 3.9%
FY18 Q4 2.0%
FY19 Q4 -0.2%
FY20 Q4 2.4%
FY21 Q4 -1.0%
FY22 Q4 1.9%
FY23 Q4 0.4%
FY24 Q4 2.1%
FY25 Q4 1.3%
FCF margin (TTM) Asia Pacific Wire & Cable Corp LTD
-15% -10% -5% 0% 5% 10% FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY15 Q4: 0.3% FCF margin (TTM), FY16 Q4: 1.0% FCF margin (TTM), FY17 Q4: -5.0% FCF margin (TTM), FY18 Q4: 8.5% FCF margin (TTM), FY19 Q4: 2.9% FCF margin (TTM), FY20 Q4: 0.6% FCF margin (TTM), FY21 Q4: -10.5% FCF margin (TTM), FY22 Q4: 0.6% FCF margin (TTM), FY23 Q4: -2.4% FCF margin (TTM), FY24 Q4: 4.2% FCF margin (TTM), FY25 Q4: -2.3% -2.3%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY15 Q4 0.3%
FY16 Q4 1.0%
FY17 Q4 -5.0%
FY18 Q4 8.5%
FY19 Q4 2.9%
FY20 Q4 0.6%
FY21 Q4 -10.5%
FY22 Q4 0.6%
FY23 Q4 -2.4%
FY24 Q4 4.2%
FY25 Q4 -2.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Asia Pacific Wire & Cable took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $490M
  2. Cost of revenue $455M · 93.0%
  3. Gross profit $34.4M · 7.0%
  4. Other operating costs $28.1M · 5.7%
  5. Operating income $6.4M · 1.3%
  6. Net income $3.7M · 0.7%

Shares of revenue. Source: Asia Pacific Wire & Cable's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 390 385 425 426 338 314 477 434 426 473 490
Gross profit 23 32 40 36 25 34 21 33 30 35 34
EBITDA 3 13 22 14 5 13 1 14 8 16 13
Operating income −3 7 17 9 −1 8 −5 8 2 10 6
Net income −8 3 9 3 −2 −1 −3 4 4 3 4
Diluted EPS — — — — — −$0.04 −$0.19 $0.19 $0.19 $0.17 $0.18
Growth (year on year)
Revenue — −1.3% +10.6% +0.2% −20.6% −7.3% +52.0% −9.0% −1.9% +11.0% +3.6%
EBITDA — — +68.1% −36.8% −65.9% — −96.0% — −44.2% — −17.4%
Operating income — — — −47.7% −107.5% — −165.8% — — — −36.3%
Net income — — — −66.4% — — — — — — —
Margins
Gross margin 6.0% 8.2% 9.3% 8.5% 7.3% 10.8% 4.4% 7.5% 7.1% 7.4% 7.0%
EBITDA margin 0.8% 3.4% 5.1% 3.2% 1.4% 4.1% 0.1% 3.2% 1.8% 3.4% 2.7%
Operating margin −0.7% 1.9% 3.9% 2.0% −0.2% 2.4% −1.0% 1.9% 0.4% 2.1% 1.3%
Net margin −2.0% 0.7% 2.1% 0.7% −0.5% −0.2% −0.6% 0.9% 0.9% 0.7% 0.7%
Free-cash-flow margin 0.4% 1.0% −5.0% 8.5% 2.9% 0.6% −10.5% 0.6% −2.4% 4.2% −2.3%
Cash flow
Cash from operations 9 9 −16 41 15 16 −42 7 −6 24 −8
Capital spending 7 5 5 4 5 15 9 4 4 4 3
Free cash flow 1 4 −21 36 10 2 −50 3 −10 20 −11
Balance sheet
Cash 51 48 46 61 54 52 45 54 38 34 33
Total debt 0 28 41 25 11 14 65 58 54 29 42
Net debt (negative = net cash) −51 −20 −5 −36 −42 −38 21 4 16 −5 9
Diluted shares 14m 14m 14m 14m 14m 14m 14m 20m 20m 21m 21m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · December 31, 2025
What it owns · $382m
Short-term assets $309mLonger-term assets $73m
What it owes, and who funded it · $315m
Short-term liabilities $132mLonger-term liabilities $13mShareholders' equity $170m
  • Short-term assets cover short-term liabilities $309m of assets due within a year against $132m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $309m short-term assets against $13m of longer-dated liabilities.
  • More cash than debt $33m of cash against $42m of debt.
  • Debt below 40% of shareholders' equity Debt is 25% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 2% to 25% over five years.
  • A year's operating cash flow covers at least 20% of debt −$8m of operating cash flow against $42m of debt.
  • Operating profit covers interest at least five times over Operating income of $6m against $2m of interest.

From Asia Pacific Wire & Cable Corp LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
0.0%
year over year

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated APWC CHPT VICR ALNT SHLS MVST Median
Revenue, last 12 months $490m $433m $561m $575m $588m $368m $154m
Revenue growth, last 12 months 3.6% 8.8% 27.0% 10.6% 46.9% −13.0% 10.6%
Revenue growth, 3-year average — −8.2% 10.3% 1.0% 12.8% 17.7% 9.2%
Revenue growth, latest quarter — 17.7% 78.5% 10.2% 47.4% −4.5% 10.2%
Gross margin 7.0% 32.1% 60.6% 33.3% 31.9% 25.1% 29.3%
Operating margin 1.3% −41.2% 24.9% 8.4% 10.6% −10.3% −17.7%
Operating margin, 3-year average 1.4% −61.9% 13.7% 7.1% 10.8% −17.3% −32.6%
Net margin 0.7% −40.6% 32.2% 5.0% 5.4% 13.9% −23.4%
Cash from operations / revenue −1.6% −14.9% 17.1% 6.7% −3.3% −0.5% −6.5%
Free-cash-flow margin −2.3% −15.8% 9.1% 4.8% −8.8% −8.3% −11.0%
Free-cash-flow margin, 3-year average −5.9% −32.2% 15.0% 7.2% 5.0% −14.0% −6.8%
Stock pay / revenue — 11.6% 3.2% 0.6% 2.1% 0.9% 2.5%
Change in share count 0.0% 5.0% 4.0% 1.0% 1.2% −0.5% 10.0%

Median of all 57 companies we cover in electrical components & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 electrical components & equipment companies
Measure Company Peer median Rank
Revenue growth Growth 3.6% 10.6% 40 of 57
Change in growth rate Growth -7.4pp +0.0pp 39 of 57
Gross margin Profitability 7.0% 29.3% 42 of 54
Operating margin Profitability 1.3% -20.0% 20 of 53
Net margin Profitability 0.7% -23.4% 23 of 57
Free-cash-flow margin Cash generation -2.3% -8.8% 23 of 56
Long-term debt as % of assets Balance sheet 0.1% 17.8% 2 of 40
Change in share count Balance sheet 0.0% 10.0% 14 of 46

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Asia Pacific Wire & Cable Corp LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Asia Pacific Wire & Cable Corp LTD in brief

What does Asia Pacific Wire & Cable Corp LTD do?
Asia Pacific Wire & Cable Corp LTD is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.
What is Asia Pacific Wire & Cable Corp LTD's stock ticker?
Asia Pacific Wire & Cable Corp LTD trades under the ticker APWC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Asia Pacific Wire & Cable Corp LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Asia Pacific Wire & Cable Corp LTD reported revenue of $490M, 3.6% higher than a year earlier, according to its SEC filings.
What is Asia Pacific Wire & Cable Corp LTD's free cash flow?
Asia Pacific Wire & Cable Corp LTD's free-cash-flow margin is -2.3% of revenue over the trailing twelve months, ranking 23 of the 56 electrical components & equipment companies we cover.
How much debt does Asia Pacific Wire & Cable Corp LTD have?
Asia Pacific Wire & Cable Corp LTD's debt-to-equity ratio is 24.9%, from its latest balance sheet (2.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Asia Pacific Wire & Cable Corp LTD's competitors?
In our Electrical Components & Equipment peer group, the companies closest to Asia Pacific Wire & Cable Corp LTD are Chargepoint Holdings, Inc., Vicor Corp, Allient Inc, Shoals Technologies Group, Inc. and Microvast Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Asia Pacific Wire & Cable Corp LTD's.