Wijaya Karya Beton (IDX:WTON) - Share price, News & Analysis

WTON fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	3/6
Dividends	2/6

WTON Stock Overview

PT Wijaya Karya Beton Tbk engages in the manufacture and sale of pre-stressed concrete (PC) products in Indonesia and internationally.

Rewards

Earnings are forecast to grow 47.79% per year

Risk Analysis

Dividend of 1.44% is not well covered by earnings

Wijaya Karya Beton Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wijaya Karya Beton
Historical stock prices
Current Share Price	Rp204.00
52 Week High	Rp316.00
52 Week Low	Rp196.00
Beta	1.61
1 Month Change	-3.77%
3 Month Change	-8.11%
1 Year Change	-28.17%
3 Year Change	-58.37%
5 Year Change	-70.44%
Change since IPO	-73.16%

Shareholder Returns

	WTON	ID Basic Materials	ID Market
7D	-1.9%	2.8%	-3.6%
1Y	-28.2%	3.5%	14.9%

Return vs Industry: WTON underperformed the ID Basic Materials industry which returned 1.8% over the past year.

Return vs Market: WTON underperformed the ID Market which returned 12.6% over the past year.

Price Volatility

Is WTON's price volatile compared to industry and market?
WTON volatility
WTON Average Weekly Movement	5.0%
Basic Materials Industry Average Movement	5.0%
Market Average Movement	6.2%
10% most volatile stocks in ID Market	11.9%
10% least volatile stocks in ID Market	3.0%

Stable Share Price: WTON is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: WTON's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	1,360	Fnu Kuntjara	https://www.wika-beton.co.id

PT Wijaya Karya Beton Tbk engages in the manufacture and sale of pre-stressed concrete (PC) products in Indonesia and internationally. It offers concrete poles; piles, including hollow round poles, hollow box poles, and cylinder piles; concrete pipe products; PC piles, such as spun, square, and triangular piles; and railway concrete products, such as PC turnout sleepers, lorry PC sleepers, and concrete lever crossing. The company also provides bridge concrete products comprising girder, voided slab, double tee, full depth slab, half slab, and channel girder concrete products; wall retainer concrete products consisting of corrugated, flat prestressed, and flat reinforced concrete sheet piles; maritime concrete products that include breakwater and dock components; hydro concrete products, including RC cylinder pipes, reinforced box culvert and U-ditch, sabodam modular, and PC infiltration well; building construction concrete products, which consists of precast walls, hollow core slabs, concrete slabs, columns, beams, and ladders; and ready-mix concrete.

Wijaya Karya Beton Fundamentals Summary

How do Wijaya Karya Beton's earnings and revenue compare to its market cap?
WTON fundamental statistics
Market Cap	Rp1.78t
Earnings (TTM)	Rp82.91b
Revenue (TTM)	Rp4.31t

21.4x

P/E Ratio

0.4x

P/S Ratio

Is WTON overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
WTON income statement (TTM)
Revenue	Rp4.31t
Cost of Revenue	Rp4.09t
Gross Profit	Rp225.42b
Other Expenses	Rp142.51b
Earnings	Rp82.91b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	9.51
Gross Margin	5.23%
Net Profit Margin	1.92%
Debt/Equity Ratio	40.2%

How did WTON perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

31%

Payout Ratio

Valuation

Is Wijaya Karya Beton undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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

21.44x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: WTON (IDR204) is trading above our estimate of fair value (IDR59.28)

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

Price To Earnings Ratio

PE vs Industry: WTON is poor value based on its PE Ratio (21.4x) compared to the ID Basic Materials industry average (21x).

PE vs Market: WTON is poor value based on its PE Ratio (21.4x) compared to the ID market (18.7x).

Price to Earnings Growth Ratio

PEG Ratio: WTON is good value based on its PEG Ratio (0.4x)

Price to Book Ratio

PB vs Industry: WTON is good value based on its PB Ratio (0.5x) compared to the ID Basic Materials industry average (1.3x).

Future Growth

How is Wijaya Karya Beton forecast to perform in the next 1 to 3 years based on estimates from 4 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

47.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WTON's forecast earnings growth (47.8% per year) is above the savings rate (7%).

Earnings vs Market: WTON's earnings (47.8% per year) are forecast to grow faster than the ID market (10.9% per year).

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

Revenue vs Market: WTON's revenue (18.4% per year) is forecast to grow faster than the ID market (10.6% per year).

High Growth Revenue: WTON's revenue (18.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WTON's Return on Equity is forecast to be low in 3 years time (12.1%).

Past Performance

How has Wijaya Karya Beton 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

-12.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WTON has high quality earnings.

Growing Profit Margin: WTON's current net profit margins (1.9%) are lower than last year (2.7%).

Past Earnings Growth Analysis

Earnings Trend: WTON's earnings have declined by 12% per year over the past 5 years.

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

Earnings vs Industry: WTON had negative earnings growth (-35.3%) over the past year, making it difficult to compare to the Basic Materials industry average (-7.8%).

Return on Equity

High ROE: WTON's Return on Equity (2.4%) is considered low.

Financial Health

How is Wijaya Karya Beton's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

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

Financial Position Analysis

Short Term Liabilities: WTON's short term assets (IDR5,493.8B) exceed its short term liabilities (IDR4,938.4B).

Long Term Liabilities: WTON's short term assets (IDR5,493.8B) exceed its long term liabilities (IDR541.9B).

Debt to Equity History and Analysis

Debt Level: WTON has more cash than its total debt.

Reducing Debt: WTON's debt to equity ratio has increased from 27.1% to 40.2% over the past 5 years.

Debt Coverage: WTON's debt is not well covered by operating cash flow (3.2%).

Interest Coverage: WTON's interest payments on its debt are not well covered by EBIT (1.5x coverage).

Balance Sheet

Dividend

What is Wijaya Karya Beton current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

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

1.44%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WTON's dividend (1.44%) is higher than the bottom 25% of dividend payers in the ID market (1.15%).

High Dividend: WTON's dividend (1.44%) is low compared to the top 25% of dividend payers in the ID market (4.19%).

Stability and Growth of Payments

Stable Dividend: WTON has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: WTON has only been paying a dividend for 8 years, and since then payments have fallen.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.9%), WTON's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: WTON is paying a dividend but the company has no free cash flows.

Next Steps

Explore strong dividend paying companies in the Materials industry.

Management

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

1.9yrs

Average management tenure

CEO

Fnu Kuntjara (51 yo)

0.083

Tenure

Mr. Fnu Kuntjara was Director of Marketing and Development at PT Wijaya Karya Beton Tbk since September 2020 until April 2022 and serves as its President Director since April 2022 and was its Director of D...

Leadership Team

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

Board Members

Experienced Board: WTON's board of directors are not considered experienced ( 0.8 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	2022/05/16 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31