PT Waskita Beton Precast Tbk.

wsbp

-5.56%

Overview

WSBP Overview

PT Waskita Beton Precast Tbk is an Indonesia-based precast and ready-mix concrete manufacturing company. The Company has a production capacity of approximately 3.7 million tons/year, supported by nine plants, 31 batching plants and one quarry spread across the islands of Sumatra, Java and Sulawesi. Its business includes precast concrete, ready mix, construction service, post tension, workshops and 3D BIM products. The Company's precast concrete products include spun pile, PC-1 Grider, full slab, railroad bearing (BJR), beam-column precast, box culvert, box girders, corrugated concrete sheet pile and electric polishing. Its ready-mix products include K125 (Fc 10.5), K250 (Fc 20), K350 (Fc 30), K400 (Fc 45), K500 (Fc 40) and K350 (Fc 30). The Company provides services for the construction of facilities and infrastructure, including toll roads, buildings, bridges and other infrastructure construction, consisting of engineering, installation, erection, construction and post-tensioning.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: WSBP

Watchlist
Market Cap.
IDR 896.08Billion

~$56.00M USD

Industry
Construction Materials
Sub-Industry
Construction Materials
Sector
Basic Materials
Sub-Sector

Valuation

WSBP Valuation Metrics

17

IDR
-5.6%

Closing Price on 2024-04-18

Price to Equity

142.23

P/E

At 142.23x P/E TTM, WSBP.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.4x).

Price to Book

-1.35

P/B

At -1.35x P/B TTM, WSBP.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.60

P/S

At 0.60x P/S TTM, WSBP.JK is trading at a discount to its peers in the Basic Materials sector.

Valuing PT Waskita Beton Precast Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Waskita Beton Precast Tbk. relative to other stocks in the Basic Materials sector

Price/Cash Flow
-8.43x
Price/Forward Earnings
-
Enterprise Value/Revenue
2.63x
Enterprise Value/EBITDA
16.39x
PEG Ratio
-1.22x

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Valuation Recap of WSBP 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 142.23x is above the ID market average of 8.46x and is trading at a premium to peers in the Basic Materials sector (8.44x). In fact, less than 25% of its peers trade at a higher P/E ratio than WSBP.

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 -1.35x is below the peers average of 0.88x in the Basic Materials sector. In fact, less than 25% of its peers trade at a lower P/B ratio than WSBP.

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 0.60x is similar to the peers average of 0.83x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of WSBP's valuation relative to its current sales and future earnings growth.

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. WSBP's P/CF ratio of -8.43x is considered healthy by analysts.

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. WSBP's EV/R ratio of 2.63x is considered fairly underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.14x.

Peers

WSBP 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
AMMNPT Amman Mineral Internasional Tbk.649.04T140.91T 31.50T 3.91T 166.189.21
TPIAPT Chandra Asri Petrochemical Tbk599.09T86.97T 33.46T -0.52T -1151.8914.12
BRPTBarito Pacific Tbk89.82T157.22T 42.76T 0.40T 222.033.43
MDKAPT Merdeka Copper Gold Tbk.67.36T76.90T 26.44T -0.32T -210.524.69
MBMAPT Merdeka Battery Materials Tbk61.02T50.55T 20.58T 0.11T 568.512.57
NCKLPT Trimegah Bangun Persada Tbk.56.47T45.29T 23.86T 5.62T 10.052.40
INKPIndah Kiat Pulp & Paper Tbk52.79T156.84T 53.89T 6.37T 8.280.57
INCOVale Indonesia Tbk42.83T45.32T 19.09T 4.25T 10.081.08
ANTMAneka Tambang Tbk.41.45T35.50T 43.15T 4.04T 10.251.68
SMGRSemen Indonesia (Persero) Tbk36.12T81.82T 38.65T 2.17T 16.640.83
Competitiveness Recap of WSBP stock
WeightNotesScore
High
At a market cap of IDR 896.08 billion, WSBP.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 142.23, WSBP.JK ranks 4 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -22.48 (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 Basic Materials. In this regard, it trails behind sector leaders such as PT Merdeka Battery Materials Tbk (568.51) in the Basic Materials sector.

Medium
At a PE of 142.23, WSBP.JK is trading at a higher PE than that of its subsector peers in Basic Materials (median of 8.44). false

Medium
At a revenue of IDR 1.49 trillion, WSBP.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.01 trillion, WSBP.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of WSBP

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 5.04% against the IDX average of +7.6%.

Basic Materials sector overview
No data is available for WSBP at the moment.
Future growth prospect of WSBP
WeightNotesScore
High
WSBP's projected growth rate of 5.04% is below the ID market average of 7.62%.

High
The Basic Materials sub-sector is projected to grow revenue by 93.43% in 2024. This number is higher than the previous year 2023's growth rate of -8.67%. This bodes well for WSBP's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to increase earnings by 8.54% in 2024. This number is higher than the previous year 2023's EPS growth of 0.72%. This bodes well for WSBP's earnings growth prospects in the next 2 years.

Medium
WSBP and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 8.54% in 2024 while revenue growth is projected to increase by 93.43%. These macroeconomic trends will likely be a tailwind for WSBP's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Fx Poerbayu Ratsunu15.2 years
Asep Mudzakir
Director
Sugiharto
Director
Asep Kurnia
Director
Bambang Dwi Wijayanto
Director
NamePositionShares%
Asep MudzakirDirector8,000< 0.01
Fx Poerbayu RatsunuPresident Director300,000< 0.01
PoerwantoCommissioner1,007,000< 0.01
SugihartoDirector1,228,400< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

WSBP Ownership

Others
66.6%
Insiders
32.3%
Institutions
1.1%
NameNumber of SharesOwnership (%)Value
Public (Scripless)29,459,327,77554500.81B
Pt Waskita Karya (Persero) Tbk.16,017,557,69729.36272.30B
Pt Intiniaga Sukses Abadi 3,926,582,9517.266.75B
Public (Scrip)3,304,414,5676.0656.18B
Treasury Stock1,845,281,0003.3831.37B

Largest Institutional Buy

No data is available for WSBP at the moment.

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-01-2024
-3,236 shares

Institutional Transactions

Tracking institutional transactions buying / selling of WSBP stock