PT WIR ASIA Tbk

wirg

Overview

WIRG Overview

PT WIR ASIA Tbk is an Indonesia-based company, which is engaged in other management consultancy services and advertising. The Company operates through six segments: Promotion and Advertising via interactive platform; Software Application Development; Brand and IT Consulting; Good Sales Via Interactive Platform; Digital Product Sales Via Interactive Platform, and Transaction Commissions Via Interactive Platform. The Company’s main business activities through its subsidiaries are providing augmented reality (AR)-based technology services by combining virtual reality (VR), artificial intelligence (AI), Internet of things (IoT) and other supporting technologies, such as blockchain and mechatronics. It has five global patents for AR, which are registered nationally, as well as in the Patent Cooperation Treaty (PCT) which covers 150+ countries. Its subsidiaries include PT Vatar Media Raya (VMR), PT Are Teknologi Kreasi (ATK), PT Tiga Akar Mimpi (TAM) and other.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: WIRG

Development
Market Cap.
IDR 1.18Trillion

~$74.53M USD

Industry
Software
Sub-Industry
Software
Sector
Technology

Valuation

WIRG Valuation Metrics

99

IDR

Closing Price on 2024-04-05

Price to Equity

20.91

P/E

At 20.91x P/E TTM, WIRG.JK is trading at a premium to its peers in the Software & IT Services sector (avg 6.3x).

Price to Book

1.84

P/B

At 1.84x P/B TTM, WIRG.JK is trading in line with its peers in the Software & IT Services sector.

Price to Sales

0.50

P/S

At 0.50x P/S TTM, WIRG.JK is trading at a discount to its peers in the Software & IT Services sector.

Valuing PT WIR ASIA Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Software & IT Services sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT WIR ASIA Tbk relative to other stocks in the Software & IT Services sector

Price/Cash Flow
8.77x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.48x
Enterprise Value/EBITDA
9.68x
PEG Ratio
0.58x

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR992024-04-05
IDR 22.04

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of WIRG is IDR22, which is 77% lower than WIRG's last closing price of IDR99 (as of 2024-04-05).

Valuation Recap of WIRG stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 20.91x is above the ID market average of 8.22x and is trading at a premium to peers in the Software & IT Services sector (6.32x).
Max 3
High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 1.84x is similar to the peers average of 1.74x in the Software & IT Services sector.
Max 3
Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 0.50x is similar to the peers average of 0.75x in the Software & IT Services sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of WIRG's valuation relative to its current sales and future earnings growth.
Max 2
Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. WIRG's P/CF ratio of 8.77x is considered healthy by analysts.
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. WIRG's EV/R ratio of 0.48x is considered extremely underpriced by the market The average EV/R ratio for the Software & IT Services sector is 0.74x. ●●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of WIRG is IDR 22.04, which is 77% lower than WIRG's last closing price of IDR 99.00.
Max 3

Peers

WIRG Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
DCIIPT DCI Indonesia Tbk83.43T3.56T 1.25T 0.48T 172.2842.66
GOTOPT GoTo Gojek Tokopedia Tbk72.80T132.04T 13.89T -28.80T -2.530.62
BELIPT Global Digital Niaga Tbk58.89T12.38T 15.01T -4.04T -14.577.66
EMTKElang Mahkota Teknologi Tbk26.26T43.11T 11.25T -0.26T -99.720.74
BUKAPT Bukalapak.com Tbk15.35T26.65T 4.37T -2.42T -6.350.59
EDGEPT Indointernet Tbk.8.83T2.37T 0.91T 0.25T 36.026.37
MTDLMetrodata Electronics Tbk7.30T9.50T 20.92T 0.61T 11.962.12
MSTIPT Mastersystem Infotama Tbk.4.77T0.00T 0.00T 0.00T
MLPTPT Multipolar Technology Tbk.2.78T2.96T 3.27T 0.35T 7.914.37
CYBRPT ITSEC Asia Tbk.1.86T0.22T 0.00T 0.00T 19.17
Competitiveness Recap of WIRG stock
WeightNotesScore
High
At a market cap of IDR 1,181.92 billion, WIRG.JK ranks 10 in Market Cap out of 10 companies in the Technology sector.
Max 2
High
At a PE of 20.91, WIRG.JK ranks 3 out of 10 companies in the Technology sector for P/E value. The average PE is 12.59 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Technology. In this regard, it trails behind sector leaders such as PT DCI Indonesia Tbk (172.28) in the Technology sector.
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Medium
At a PE of 20.91, WIRG.JK is trading at a higher PE than that of its subsector peers in Software & IT Services (median of 6.32). false●●
Max 2
Medium
At a revenue of IDR 2.36 trillion, WIRG.JK ranks 7 in Revenue out of 10 companies in the Technology sector.
Max 2
Medium
At a profit of IDR 0.06 trillion, WIRG.JK ranks 5 in Profit out of 10 companies in the Technology sector.
Max 2

Future

Future Growth of WIRG

Growth Forecasts

No data available

Sector Benchmark

Software & IT Services companies in Indonesia are growing at a projected rate of 34.66% against the IDX average of +12.0%.

Software & IT Services sector overview
No data is available for WIRG at the moment.
Future growth prospect of WIRG
WeightNotesScore
High
WIRG's projected growth rate of 34.66% is above the ID market average of 11.98%.●●●
Max 3
High
The Software & IT Services sub-sector is projected to grow revenue by 69.41% in 2024. This number is higher than the previous year 2023's growth rate of 35.38%. This bodes well for WIRG's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Software & IT Services sub-sector is projected to decrease earnings by -82.79% in 2024. This number is lower than the previous year 2023's EPS growth of -81.82%. false
Max 3
Medium
WIRG and its peers in the Software & IT Services sub-sector belongs to the Technology sector. Companies in the Technology sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by -82.79% in 2024 while revenue growth is projected to increase by 67.17%. These macroeconomic trends will likely be a headwind for WIRG's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Michel Budi Wirjatmo15.2 years
Jeffrey Budiman, Ma
Director
Stanislaus Aries Baju Nugroho
Director
Senja Lazuardy, St
Director
Jimmy Halim
Director
NamePositionShares%
Drs. Andreyanto ToemaliCommissioner660,000< 0.01
Jimmy HalimDirector54,700,0000.46
Surya TatangCommissioner79,560,0000.67
Expressed in millions IDR, unless otherwise stated

Ownership

WIRG Ownership

Others
28.83%
Insiders
71.07%
Institutions
0.1%
NameNumber of SharesOwnership (%)Value
Public (Scripless)6,780,161,93456.79671.24B
Pt Laut Biru Teknologi3,077,152,16025.77304.64B
Pt Wir Global Kreatif1,555,008,30013.03153.95B
Public (Scrip)391,380,0003.2838.75B
Surya Tatang79,560,0000.677.88B
Jimmy Halim54,700,0000.465.42B
Drs. Andreyanto Toemali660,0000.010.07B

Largest Institutional Buy

Pheim Asset Managment (Asia) pte
Bought 31-01-2024
+2,950,000 shares
Pheim Unit Trusts Berhad
Bought 31-01-2024
+460,000 shares

Largest Institutional Sell

Lion Global Investors Ltd
Sold 31-01-2024
-1,153,200 shares
Allianz Global Investors Asia Pacific Limited
Sold 31-01-2024
-163 shares

Institutional Transactions

Tracking institutional transactions buying / selling of WIRG stock