Asia Pacific Wire & Cable Corp. Ltd. (APWC) intrinsic value & 10-year financials
Asia Pacific Wire & Cable Corp. Ltd. (APWC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 2.2% a year to $472.7M, with an average return on invested capital of 1.7%.
- Graham intrinsic value
- —
- Revenue (FY2024)
- $472.7M
- Revenue growth (10-yr CAGR)
- 2.2%
- ROIC (10-yr avg)
- 1.7%
- Free cash flow (FY2024)
- $20.1M
APWC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $472.7M | $6.6M | $0.17 | $20.1M | 2.1% | 3.2% |
| FY2023 | $425.8M | $302.0K | $0.19 | -$10.3M | 0.4% | 0.5% |
| FY2022 | $433.9M | $4.8M | $0.19 | $2.8M | 1.9% | 2.3% |
| FY2021 | $476.7M | -$8.5M | -$0.19 | -$50.2M | -1.0% | -2.0% |
| FY2020 | $313.6M | $3.7M | -$0.04 | $1.8M | 2.4% | 2.0% |
| FY2019 | $338.2M | -$951.0K | — | $9.7M | -0.2% | -0.2% |
| FY2018 | $425.9M | $7.4M | — | $36.2M | 2.0% | 2.8% |
| FY2017 | $425.2M | $13.5M | — | -$21.8M | 3.9% | 6.1% |
| FY2016 | $384.6M | $6.0M | — | $4.0M | 1.9% | 3.8% |
| FY2015 | $389.6M | -$9.1M | — | $1.4M | -0.7% | -1.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ASIA PACIFIC WIRE & CABLE CORP LTD has demonstrated mature, steady growth, with revenue compounding at 2.2% annually over the past decade.
ASIA PACIFIC WIRE & CABLE CORP LTD has historically struggled to out-earn its cost of capital, averaging just 1.7% ROIC.
ASIA PACIFIC WIRE & CABLE CORP LTD has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ASIA PACIFIC WIRE & CABLE CORP LTD is modeled at -11.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.01 per share.