Wijaya Karya (Persero) (IDX:WIKA) - Share price, News & Analysis

WIKA fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	1/6
Financial Health	2/6
Dividends	0/6

WIKA Stock Overview

PT Wijaya Karya (Persero) Tbk operates as an integrated construction company in Indonesia and internationally.

Rewards

Earnings are forecast to grow 50.77% per year

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (0.7%) are lower than last year (1.1%)

Wijaya Karya (Persero) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wijaya Karya (Persero)
Historical stock prices
Current Share Price	Rp905.00
52 Week High	Rp1,470.00
52 Week Low	Rp850.00
Beta	1.93
1 Month Change	-5.73%
3 Month Change	-16.20%
1 Year Change	-26.42%
3 Year Change	-58.86%
5 Year Change	-59.96%
Change since IPO	61.61%

Shareholder Returns

	WIKA	ID Construction	ID Market
7D	0%	-0.2%	2.2%
1Y	-26.4%	-33.2%	17.3%

Return vs Industry: WIKA exceeded the ID Construction industry which returned -33.2% over the past year.

Return vs Market: WIKA underperformed the ID Market which returned 17.3% over the past year.

Price Volatility

Is WIKA's price volatile compared to industry and market?
WIKA volatility
WIKA Average Weekly Movement	5.5%
Construction Industry Average Movement	5.6%
Market Average Movement	6.2%
10% most volatile stocks in ID Market	12.0%
10% least volatile stocks in ID Market	2.9%

Stable Share Price: WIKA is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: WIKA's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1960	5,263	Agung Waskito	https://www.wika.co.id

PT Wijaya Karya (Persero) Tbk operates as an integrated construction company in Indonesia and internationally. The company’s Infrastructure and Building segment provides civil construction services, such as general construction and infrastructure, including roads, bridges, harbors, airports, dams, and irrigation, as well as construction service on toll concession. Its Energy and Industrial Plant segment is involved in energy; engineering, procurement and construction; and field operations and maintenance of the power plants; and construction of oil and gas, petrochemical, cement, power, biofuel, fertilizer, and cooking oil plants.

Wijaya Karya (Persero) Fundamentals Summary

How do Wijaya Karya (Persero)'s earnings and revenue compare to its market cap?
WIKA fundamental statistics
Market Cap	Rp8.12t
Earnings (TTM)	Rp117.67b
Revenue (TTM)	Rp17.81t

69.0x

P/E Ratio

0.5x

P/S Ratio

Is WIKA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
WIKA income statement (TTM)
Revenue	Rp17.81t
Cost of Revenue	Rp16.12t
Gross Profit	Rp1.69t
Other Expenses	Rp1.58t
Earnings	Rp117.67b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	13.12
Gross Margin	9.51%
Net Profit Margin	0.66%
Debt/Equity Ratio	161.1%

How did WIKA perform over the long term?

See historical performance and comparison

Valuation

Is Wijaya Karya (Persero) undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

68.98x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: WIKA (IDR935) is trading above our estimate of fair value (IDR206.94)

Significantly Below Fair Value: WIKA is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: WIKA is poor value based on its Price-To-Earnings Ratio (71.3x) compared to the ID Construction industry average (26.4x).

PE vs Market: WIKA is poor value based on its Price-To-Earnings Ratio (71.3x) compared to the ID market (18.3x).

Price to Earnings Growth Ratio

PEG Ratio: WIKA is poor value based on its PEG Ratio (1.4x)

Price to Book Ratio

PB vs Industry: WIKA is good value based on its Price-To-Book Ratio (0.6x) compared to the ID Construction industry average (0.8x).

Future Growth

How is Wijaya Karya (Persero) forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

50.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WIKA's forecast earnings growth (50.8% per year) is above the savings rate (7%).

Earnings vs Market: WIKA's earnings (50.8% per year) are forecast to grow faster than the ID market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WIKA's revenue (17.4% per year) is forecast to grow faster than the ID market (11.3% per year).

High Growth Revenue: WIKA's revenue (17.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WIKA's Return on Equity is forecast to be low in 3 years time (8.3%).

Past Performance

How has Wijaya Karya (Persero) performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-16.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WIKA has high quality earnings.

Growing Profit Margin: WIKA's current net profit margins (0.7%) are lower than last year (1.1%).

Past Earnings Growth Analysis

Earnings Trend: WIKA's earnings have declined by 16.1% per year over the past 5 years.

Accelerating Growth: WIKA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WIKA had negative earnings growth (-36.7%) over the past year, making it difficult to compare to the Construction industry average (27.8%).

Return on Equity

High ROE: WIKA's Return on Equity (1.2%) is considered low.

Financial Health

How is Wijaya Karya (Persero)'s financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: WIKA's short term assets (IDR37,186.6B) exceed its short term liabilities (IDR36,969.6B).

Long Term Liabilities: WIKA's short term assets (IDR37,186.6B) exceed its long term liabilities (IDR14,981.1B).

Debt to Equity History and Analysis

Debt Level: WIKA's net debt to equity ratio (121%) is considered high.

Reducing Debt: WIKA's debt to equity ratio has increased from 52.4% to 161.1% over the past 5 years.

Debt Coverage: WIKA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: WIKA's interest payments on its debt are not well covered by EBIT (1x coverage).

Balance Sheet

Dividend

What is Wijaya Karya (Persero) current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.76%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate WIKA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WIKA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WIKA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WIKA's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WIKA has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure

CEO

Agung Waskito (50 yo)

1.92yrs

Tenure

Rp5,129,778,995

Compensation

Engineer Agung Budi Waskito, S.T.,M.Tech., served as President Commissioner of PT Wijaya Karya Beton Tbk since 2020 until 2020. He began his career in PT WIJAYA KARYA (Persero) Tbk. He serves as Director o...

Leadership Team

Experienced Management: WIKA's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Experienced Board: WIKA's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31