MeritValue

ASIA PACIFIC WIRE & CABLE CORP LTD

APWCdata completeness 100%14 fiscal years on file
i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue$313.6M1$476.7M2$433.9M3$425.8M3$472.7M3
Net income−$552,0004−$2.64M5$3.87M6$3.87M6$3.49M6
Operating cash flow$16.4M7−$41.6M8$6.57M9−$6.09M9$24.3M9
Capital expenditure$14.5M10$8.55M11$3.75M12$4.25M12$4.22M12
Free cash flow (derived)$1.84M7−$50.2M8$2.82M9−$10.3M9$20.1M9
Total debt$13.8M13$65.4M14$57.7M15$53.7M16$29M16
Cash & equivalents$52.2M17$44.5M18$54M19$38M20$34M20
Diluted shares13.8M13.8M20.6M20.6M20.6M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000049%
of the whole company
Your share of last year’s profit
$1.69
Your share of its debt
$14.05
Your share of free cash flow
$9.74
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$6.17
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth15.3%
  • fcfBase$2.82M
DCF · Growth Exit 5Y
$4.06
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth15.3%
  • fcfBase$2.82M
Earnings Power Value
$1.78
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$3.49M
  • growthAssumed0.0%
Graham Number
$5.36
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years15.3%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $4.06

Default growth 15.3%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 20-F · period ending 2020-12-31 · accession 0001628280-23-012638 (Revenue)
  2. 20-F · period ending 2021-12-31 · accession 0001026980-24-000002 (Revenue)
  3. 20-F · period ending 2022-12-31 · accession 0001026980-25-000002 (Revenue)
  4. 20-F · period ending 2020-12-31 · accession 0001628280-23-012638 (ProfitLossAttributableToOwnersOfParent)
  5. 20-F · period ending 2021-12-31 · accession 0001026980-24-000002 (ProfitLossAttributableToOwnersOfParent)
  6. 20-F · period ending 2022-12-31 · accession 0001026980-25-000002 (ProfitLossAttributableToOwnersOfParent)
  7. 20-F · period ending 2020-12-31 · accession 0001628280-23-012638 (CashFlowsFromUsedInOperatingActivities)
  8. 20-F · period ending 2021-12-31 · accession 0001026980-24-000002 (CashFlowsFromUsedInOperatingActivities)
  9. 20-F · period ending 2022-12-31 · accession 0001026980-25-000002 (CashFlowsFromUsedInOperatingActivities)
  10. 20-F · period ending 2020-12-31 · accession 0001628280-23-012638 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  11. 20-F · period ending 2021-12-31 · accession 0001026980-24-000002 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  12. 20-F · period ending 2022-12-31 · accession 0001026980-25-000002 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  13. 20-F · period ending 2020-12-31 · accession 0001564590-22-016587 (Borrowings)
  14. 20-F · period ending 2021-12-31 · accession 0001628280-23-012638 (Borrowings)
  15. 20-F · period ending 2022-12-31 · accession 0001026980-24-000002 (Borrowings)
  16. 20-F · period ending 2023-12-31 · accession 0001026980-25-000002 (Borrowings)
  17. 20-F · period ending 2020-12-31 · accession 0001564590-22-016587 (CashAndCashEquivalents)
  18. 20-F · period ending 2021-12-31 · accession 0001628280-23-012638 (CashAndCashEquivalents)
  19. 20-F · period ending 2022-12-31 · accession 0001026980-24-000002 (CashAndCashEquivalents)
  20. 20-F · period ending 2023-12-31 · accession 0001026980-25-000002 (CashAndCashEquivalents)