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Asia Pacific Wire & Cable Corporation Limited

APWC
46
Electrical Equipment & Parts · Industrials
Price
$1.37
-0.00 (-0.03%)
Market Cap
$28.2M
Exchange
NASDAQ Capital Market
Winston Score
46
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Sep 10, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
Growth
Good
Cash Flow
Weak
Stability
Exceptional
Valuation
Good
Dividends
Good

Share count rising — dilution

+49.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 13.8M (2021) → 20.6M (2025)

§Winston Score History

The full picture

Asia Pacific Wire & Cable Corporation Limited (APWC), along with its various subsidiaries, operates in the manufacturing and distribution of a broad spectrum of wired and cabled solutions. Its market reach extends across the Asia Pacific region, covering countries such as Thailand, Singapore, Australia, China, and Hong Kong. The company's offerings include fundamental products like copper rods, as well as an array of telecommunications cables, encompassing both conventional copper-based and modern fiber optic technologies, intended for transmitting both voice and data. APWC also supplies low-voltage power transmission cables, available in both armored and unarmored versions. These are crucial for delivering electricity to various locations, from commercial establishments and residential dwellings to outdoor installations like streetlights, traffic control systems, and different types of signage. Additionally, APWC provides enameled wire, an indispensable component used in the assembly of numerous electrical devices. These applications span from large equipment such as oil-filled transformers, refrigerator motors, and air conditioner compressors, to smaller gadgets like telephones, radios, televisions, fan motors, and other electrical appliances. Beyond its core manufacturing activities, the company also engages in the distribution of its wire and cable merchandise. It offers comprehensive project engineering services, which involve the sourcing, transportation, and installation of power cables. APWC further supports its operations with fabrication services, converting raw materials into completed wire and cable products. The firm serves a varied customer base, including government entities, electrical contracting businesses, wholesale electrical distributors, and other wire and cable producers. Founded in 1996, APWC is headquartered in Taipei, Taiwan, and functions as a subsidiary of Pacific Electric Wire & Cable Co., Ltd.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+7.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+35.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Runway

~12 months

$69M cash & investments

Quarterly Free Cash Flow

Adequate runway but may need to raise capital within 2 years

Growth context

Asia Pacific Wire & Cable Corporation Limited is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
8.1%
Thin — 8.1% gross margin
Profit after running costs
Operating Margin
2.5%
Thin — 2.5% operating margin
Return on the money invested
ROCE
5.0%
Weak — 5.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+9.0%
Steady sales growth (+9.0% YoY)
Profit growth
EPS YoY
+100.3%
Earnings growing fast (+100.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
-95%
Weak — only -95% of profit becomes cash
Spare cash per sale
FCF Margin
-1.5%
Burning cash (-1.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.29
Conservative — low debt load (0.29)
Covers its interest
Interest Cover
8.36x
Comfortably covers interest (8.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
4.4x
Attractive valuation — P/E 4.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
5.84%
Healthy income — 5.84% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
N/A
Data not available

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