ASIA PACIFIC WIRE & CABLE CORP LTD financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ASIA PACIFIC WIRE & CABLE CORP LTD files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	390	385	425	426	338	314	477	434	426	473
Cost of revenue	366	353	386	390	313	280	456	401	396	438
Gross profit	23.5	31.6	39.7	36.2	24.8	33.9	21.2	32.5	30.2	35.1
Selling, general and administrative	27	26.3	27.2	26.9	25.1	27	26.5	25
Operating income	-2.71	7.34	16.6	8.68	-0.65	7.56	-4.97	8.07	1.55	10
Interest expense	1.55	1.15	1.22	1.38	1.01	0.74	1.25	1.65	2.53	2.3
Interest income	0.7	1.05	0.88	0.48	0.51	0.32	0.12	0.12	0.21	0.21
Pre-tax income	-8.65	6.54	18.7	11.3	1.11	7.73	-9.86	7.57	0.46	9.38
Income tax	0.47	0.51	5.14	3.89	2.06	4.02	-1.35	2.81	0.16	2.81
Net income to minority interests	-1.42	3.17	4.81	4.52	0.68	4.26	-5.87	0.88	-3.57	3.08
Net income	-7.69	2.85	8.72	2.93	-1.63	-0.55	-2.64	3.87	3.87	3.49
EBITDA	2.98	12.9	21.7	13.7	4.68	13	0.52	13.9	7.76	16.1
EPS, basic	-0.56	0.21	0.63	0.21	-0.12	-0.04	-0.19	0.19	0.19	0.17
EPS, diluted	-0.56	0.21	0.63	0.21	-0.12	-0.04	-0.19	0.19	0.19	0.17

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	51.3	48.2	46.1	60.8	53.7	52.2	44.5	54	38	34
Inventory		77.4	97.2	83.9	85.2	96.4	129	131	128	127
Total current assets		245	283	254	240	264	312	300	295	272
Property, plant and equipment	45.9	39.6	42.3	41.4	41.7	54.7	54.4	50.7	49.9	52.2
Lease right-of-use assets				0	3.74	3.25	3.39	3.43	2.83	2.42
Intangible assets		0.17	0.14	0.16	0.13	0.18	0.13	0.14	0.12	0.11
Total assets		294	335	306	299	338	389	371	367	340
Short-term debt		28.2	41.2	24.8	11.4	10.1	62.1	45.6	53.7	24.1
Total current liabilities		87.6	101	71.7	53.6	83.4	162	134	141	108
Lease liabilities				0.05	2.25	1.78	1.92	1.95	1.45	1.43
Total liabilities		96.4	112	84	70.5	103	180	160	152	124
Total debt					11.4	13.8	65.4	57.7	53.7	29
Retained earnings		46	53.4	55	53.4	52.8	50.2	54.1	57.9	61.4
Shareholders' equity		136	153	150	154	158	148	152	157	155
Minority interests		61.2	69.5	71.8	74.6	77	61.8	59.8	57.6	60.4
Total equity	193	197	223	222	228	235	209	211	215	215
Total liabilities and equity		294	335	306	299	338	389	371	367	340

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	-9.11	6.03	13.5	7.45	-0.95	3.71	-8.51	4.76	0.3	6.57
Depreciation and amortization	5.69	5.55	5.06	5.02	5.32	5.4	5.49	5.84	6.21	6.09
Cash from operations	8.79	9.01	-16.4	40.6	15.1	16.4	-41.6	6.57	-6.09	24.3
Capital expenditures	-7.42	-5.04	-4.9	-4.44	-5.44	-14.5	-8.55	-3.75	-4.25	-4.22
Cash from investing	-7.32	-0.15	3.39	-4.82	-6.4	-20.3	-6.15	-2.66	-4.86	-3.37
Debt issued	29	26.1	27.7	9.52	5.35	3.53	63.9	22.2	2.8	2.1
Debt repaid	-41.6	-35.3	-17.3	-25.7	-19.8	-5.04	-11.8	-19.3	-7.26	-25.6
Stock issued						0	0	7.92	0	0
Dividends paid	-2.04	-1.16	-3.33	-3.31	-2.76	-1.21	-2.82	-0.57	-0.28	-0
Cash from financing	-14.6	-10.4	7.04	-19.6	-17.9	2.06	42.4	9.63	-5.51	-24.3
Exchange rate effect	-4.39	-1.52	3.86	-1.57	2.1	0.42	-4.37	-2.04	0.41	-0.6
Net change in cash	-17.6	-3.07	-2.14	14.7	-7.11	-1.44	-9.73	11.5	-16	-3.94
Free cash flow	1.37	3.97	-21.3	36.2	9.7	1.84	-50.2	2.82	-10.3	20.1
Interest paid	1.37	0.94	1.04	1.22	0.89	0.61	1.08	1.48	2.38	2.2

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $1.34 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	7.4%	Gross profit / revenue.
Operating margin	2.1%	Operating income / revenue.
EBITDA margin	3.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.0%	Pre-tax income / revenue.
Net margin	0.7%	Net income / revenue.
FCF margin	4.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	5.1%	Cash from operations / revenue.
Effective tax rate	30.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	2.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.0%	Net income / average total assets.
Return on invested capital (ROIC)	4.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue	0.9%	Capital expenditures / revenue.
D&A / revenue	1.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	11.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-0.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	16.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	18.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	7.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	546.5%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	107.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	213.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	28.0%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-9.9%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-10.5%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	9.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	15.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-1.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	1.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	0.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-7.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-4.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.51x	Current assets / current liabilities.
Quick ratio	0.32x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.32x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.19x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	8.5%	Total debt / total assets.
Liabilities / assets	36.6%	Total liabilities / total assets.
Net debt	-$5.1M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-0.31x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	4.34x	Operating income / interest expense.
Working capital	$163.6M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$154.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.34x	Revenue / average total assets.
Fixed asset turnover	9.25x	Revenue / average property, plant and equipment.
Inventory turnover	3.43x	Cost of revenue / average inventory.
Days inventory	106 days	365 x average inventory / cost of revenue.
FCF conversion	576.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	17.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.17	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.17	Net income per basic share, as reported (split-adjusted).
Payout ratio	0.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	0.0%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$55.3M	Share price x shares outstanding.
Enterprise value	$50.2M	Market cap + total debt - cash - short-term investments.
P/E	15.8x	Market cap / net income. Only when net income is positive.
P/S	0.12x	Market cap / revenue.
P/B	0.36x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.36x	Market cap / tangible book value, when positive.
P/FCF	2.75x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	2.27x	Market cap / cash from operations, when positive.
EV/Sales	0.11x	Enterprise value / revenue.
EV/EBIT	5.01x	Enterprise value / operating income, when both are positive.
EV/EBITDA	3.12x	Enterprise value / EBITDA, when both are positive.
EV/FCF	2.50x	Enterprise value / free cash flow, when both are positive.
FCF yield	36.3%	Free cash flow / market cap.
Earnings yield	6.3%	Net income / market cap (the inverse of P/E).
Dividend yield	0.0%	Dividends paid over the period / market cap.
Shareholder yield	0.0%	(Dividends paid + share buybacks) / market cap.

What was ASIA PACIFIC WIRE & CABLE CORP LTD's revenue in fiscal 2024?

ASIA PACIFIC WIRE & CABLE CORP LTD reported revenue of $472.7M for fiscal 2024, 11% higher than the year before.

Was ASIA PACIFIC WIRE & CABLE CORP LTD profitable in fiscal 2024?

Yes. Net income was $3.5M, a net margin of 0.7%.

How much free cash flow did ASIA PACIFIC WIRE & CABLE CORP LTD generate in fiscal 2024?

Cash from operations of $24.3M minus capital expenditures of $4.2M left free cash flow of $20.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to ASIA PACIFIC WIRE & CABLE CORP LTD