Asia Pacific Wire & Cable Reports $294.2M Revenue and $0.05 GAAP EPS

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Asia Pacific Wire & Cable ($NASDAQ:APWC) Corporation is a leading provider of copper, aluminum, and fiber-optic wire and cable products. The company specializes in producing wire and cable products for the construction, industrial, and communications markets. Its products are used in a variety of applications, including power transmission and distribution, renewable energy, vehicle charging systems, offshore drilling, and other industrial uses. With its strong presence in the Asian Pacific region, Asia Pacific Wire & Cable Corporation is well-positioned to capitalize on the growing demand for wire and cable products.

It also benefited from cost-cutting measures such as streamlining its supply chain and leveraging its global presence to reduce costs. Looking ahead, Asia Pacific Wire & Cable Corporation remains optimistic that it will be able to capitalize on the increasing demand for its products in the region and beyond.

Earnings

ASIA PACIFIC WIRE & CABLE recently released their earning report for FY2023 Q2 as of June 30 2021, reporting a total revenue of 225.28M USD and a net income loss of 0.12M USD. Over the past three years, the company’s total revenue increased from 193.48M USD to 225.28M USD. The company also reported $0.05 GAAP EPS for the current quarter. This earning report reflects ASIA PACIFIC WIRE & CABLE’s continued success in the industry, despite the challenging economic conditions of the pandemic.

Their ability to increase total revenue and maintain profitability is an encouraging sign for investors and customers alike. With their current financial performance, it is clear that ASIA PACIFIC WIRE & CABLE is well-positioned to continue growing in the years ahead.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for APWC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for APWC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for APWC. More…

Key Ratios Snapshot

Some of the financial key ratios for APWC are shown below. More…

Market Price

This was accompanied by an opening stock price of $1.4 which closed at the same price, a jump of 10.2% from the previous closing price of $1.3. This was an encouraging sign for investors considering the impact of the pandemic on APWC’s operations and revenues. Going forward, APWC plans to focus on cost reduction initiatives in order to improve efficiency and further drive revenue growth.

Additionally, the company will continue to invest in technology to enhance its operation and strengthen its competitive advantage in the market. With this in mind, APWC aims to increase its long-term value for its shareholders. Live Quote…

Analysis

At GoodWhale we have conducted an analysis of ASIA PACIFIC WIRE & CABLE’s wellbeing. The Star Chart shows that the company is strong in asset, and weak in dividend, growth, and profitability. After further inspection, we have classified the company as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. These types of companies often interest investors who are looking for conservative investments. ASIA PACIFIC WIRE & CABLE has an intermediate health score of 6/10, indicating that it is likely to pay off debt and fund future operations comfortably. As such, this company may be an attractive option for investors seeking more stability in their investments. More…

Peers

Asia Pacific Wire & Cable Corp Ltd is one of the leading companies in the international wire and cable industry. It competes with other regional players such as PT Jembo Cable Co Tbk of Indonesia, Fujian Nanping Sun Cable Co of China, and Qingdao Hanhe Cable Co Ltd of China. All four companies are well known in their respective markets and enjoy a strong presence in their respective countries.

– PT Jembo Cable Co Tbk ($IDX:JECC)

Jembo Cable Co Tbk is a leading international cable manufacturer headquartered in Jakarta, Indonesia. The company manufactures a range of products including cables for telecommunications, electrical energy, and other specialized applications. The company has a market capitalization of 367.42 billion as of 2024, making it one of the largest companies in the region. In terms of profitability, Jembo Cable Co Tbk has a respectable Return on Equity (ROE) of 13.36%, which indicates that the company is able to generate a high return on its shareholders’ investments. This indicates that the company is able to generate strong returns for its investors while also maintaining a high level of profitability.

– Fujian Nanping Sun Cable Co ($SZSE:002300)

Fujian Nanping Sun Cable Co is a Chinese telecommunications and engineering company that specializes in the production of cables for use in telecommunications, construction, and engineering projects. The company has a market cap of 6.05 billion as of 2024, making it a major player in the industry. Its return on equity is 12.64%, indicating that it has a solid business model and is able to generate profits efficiently. The company has been able to remain competitive in the market and continues to invest in new technologies and business strategies to remain at the forefront of the industry.

– Qingdao Hanhe Cable Co Ltd ($SZSE:002498)

Qingdao Hanhe Cable Co Ltd is a Chinese cable and wire manufacturer, specializing in power cables, telecommunication cables, and other related products. The company has a market capitalization of 13.51 billion as of 2024, making it one of the largest cable companies in China. Furthermore, the company enjoys an impressive Return on Equity (ROE) of 8.22%, indicating that the company is generating significant returns on its investments. Overall, Qingdao Hanhe Cable Co Ltd is a profitable and stable business, and a reliable investor option.

Summary

The company reported a GAAP earnings per share (EPS) of $0.05 and total revenue of $294.2 million. On the same day the results were released, the stock price moved up. An analysis of APWC’s financial performance indicates its strong profitability and high cash flow generation capabilities. The company has also been increasing its market share and expanding its product offerings in the competitive cable industry.

It appears that investors are confident in the company’s ability to continue to grow and deliver strong returns in the coming years. In conclusion, APWC is a solid investment opportunity for investors looking to capitalize on the growth potential in the Asia Pacific region.