PT Waskita Karya (Persero) Tbk

wskt

Overview

WSKT Overview

PT Waskita Karya (Persero) Tbk is an Indonesia-based company, which is engaged in construction activities and integrated engineering, procurement, and construction (EPC). The Company’s segments include Construction, Toll, Precast, Property and Hotel, Other Infrastructure, and Building Rental. The Company’s Construction segment consists of five divisions, namely Building Division, Infrastructure I Division, Infrastructure II Division, EPC Division, and Overseas Division. The Toll Segment is carried through its subsidiary, PT Waskita Toll Road (WTR), which is engaged in toll road development. The Precast segment is carried through its subsidiary, PT Waskita Beton Precast Tbk (WSBP). WSBP also produces ready-mix concrete. Through the Property and Hotel Segments, the Company has managed several hotels such as Teraskita Hotel Jakarta, Teraskita Hotel Makassar, Maison Teraskita Hotel Bandung, and The Reiz Suites Medan.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: WSKT

Watchlist
Market Cap.
IDR 5.82Trillion

~$370.34M USD

Industry
Heavy Constructions & Civil Engineering
Sub-Industry
Heavy Constructions & Civil Engineering
Sector
Infrastructures

Valuation

WSKT Valuation Metrics

202

IDR
0.0%

Closing Price on 2024-04-03

Price to Equity

-1.23

P/E

At -1.23x P/E TTM, WSKT.JK is trading at a discount to its peers in the Heavy Constructions & Civil Engineering sector.

Price to Book

0.93

P/B

At 0.93x P/B TTM, WSKT.JK is trading at a premium to its peers in the Heavy Constructions & Civil Engineering sector (avg 0.7x).

Price to Sales

0.45

P/S

At 0.45x P/S TTM, WSKT.JK is trading at a premium to its peers in the Heavy Constructions & Civil Engineering sector (avg 0.3x).

Valuing PT Waskita Karya (Persero) Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Heavy Constructions & Civil Engineering sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Waskita Karya (Persero) Tbk relative to other stocks in the Heavy Constructions & Civil Engineering sector

Price/Cash Flow
-33.44x
Price/Forward Earnings
3.78x
Enterprise Value/Revenue
5.47x
Enterprise Value/EBITDA
-170.93x
PEG Ratio
0.00x

Analyst Ratings

40
60
80
0
100

50.0

Undervalued

Fairly Valued

Overvalued

Valuation Recap of WSKT 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 -1.23x is below the ID market average of 8.22x and is trading at a discount to peers in the Heavy Constructions & Civil Engineering sector (6.25x). In fact, less than 25% of its peers trade at a lower P/E ratio than WSKT.●●
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 0.93x is similar to the peers average of 0.65x in the Heavy Constructions & Civil Engineering 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 0.45x is similar to the peers average of 0.33x in the Heavy Constructions & Civil Engineering sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of WSKT's valuation relative to its current sales and future earnings growth. WSKT trades at a Forward P/E ratio of 3.78x, which is considered fairly undervalued by analysts.
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. WSKT's P/CF ratio of -33.44x 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. WSKT's EV/R ratio of 5.47x is considered a relatively high ratio The average EV/R ratio for the Heavy Constructions & Civil Engineering sector is 1.32x.
Max 3

Peers

WSKT 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
BRENPT Barito Renewables Energy Tbk.926.47T0.00T 0.00T 0.00T
TLKMPT Telkom Indonesia (Persero) Tbk339.78T276.21T 149.67T 23.67T 14.352.60
ISATPT Indosat Tbk90.71T112.21T 49.68T 3.82T 23.733.12
MTELPT Dayamitra Telekomunikasi Tbk52.05T56.35T 8.40T 1.99T 26.171.56
PGEOPT Pertamina Geothermal Energy Tbk49.37T43.54T 6.20T 2.25T 21.911.72
SUPRSolusi Tunas Pratama Tbk45.39T9.47T 1.88T 0.97T 47.028.49
TOWRSarana Menara Nusantara Tbk42.58T68.22T 11.65T 3.31T 12.872.67
TBIGPT Tower Bersama Infrastructure Tbk42.33T43.76T 6.56T 1.53T 27.613.98
JSMRPT Jasa Marga Tbk39.92T124.90T 18.94T 7.71T 5.171.47
WSKTPT Waskita Karya (Persero) Tbk5.82T96.54T 12.82T -4.73T -1.230.93
Competitiveness Recap of WSKT stock
WeightNotesScore
High
At a market cap of IDR 5,818.97 billion, WSKT.JK ranks 10 in Market Cap out of 10 companies in the Infrastructures sector.
Max 2
High
At a PE of -1.23, WSKT.JK ranks 10 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 17.76 (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 Infrastructures. In this regard, it trails behind sector leaders such as Solusi Tunas Pratama Tbk (47.02) in the Infrastructures sector.
Max 2
Medium
At a PE of -1.23, WSKT.JK is trading at a lower PE than that of its subsector peers in Heavy Constructions & Civil Engineering (median of 6.25). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 12.82 trillion, WSKT.JK ranks 4 in Revenue out of 10 companies in the Infrastructures sector.
Max 2
Medium
At a profit of -IDR 4.73 trillion, WSKT.JK ranks 10 in Profit out of 10 companies in the Infrastructures sector.
Max 2

Future

Future Growth of WSKT

Growth Forecasts

WSKT 2024 Revenue Growth
+21.7%
WSKT 2024 EPS Growth
0.0%
Sector Revenue Growth
+24.5%
Heavy Constructions & Civil Engineering
Indonesia Market Growth
+12.0%
IDX overall growth
Heavy Constructions & Civil Engineering Sector Revenue Growth '24
+26.3%
Infrastructures Sector Revenue Growth '24
+11.2%

Sector Benchmark

Heavy Constructions & Civil Engineering companies in Indonesia are growing at a projected rate of 24.52% against the IDX average of +12.0%.

Heavy Constructions & Civil Engineering sector overview

WSKT Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of WSKT
WeightNotesScore
High
WSKT's projected growth rate of 24.52% is above the ID market average of 11.98%.●●●
Max 3
High
The Heavy Constructions & Civil Engineering sub-sector is projected to grow revenue by 26.30% in 2024. This number is higher than the previous year 2023's growth rate of 14.34%. This bodes well for WSKT's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Heavy Constructions & Civil Engineering sub-sector is projected to increase earnings by 163.76% in 2024. This number is lower than the previous year 2023's EPS growth of 372.27%. This bodes well for WSKT's earnings growth prospects in the next 2 years. ●●
Max 3
Medium
WSKT and its peers in the Heavy Constructions & Civil Engineering sub-sector belongs to the Infrastructures sector. Companies in the Infrastructures sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 25.05% in 2024 while revenue growth is projected to increase by 11.23%. These macroeconomic trends will likely be a tailwind for WSKT's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Mursyid15.2 years
Wiwi Suprihatno
Director
Ratna Ningrum
Director
I Ketut Pasek Senjaya Putra
Director
Dhetik Ariyanto
Director
Rudi Purnomo
Director
Warjo
Director
NamePositionShares%
I Ketut Pasek Senjaya PutraDirector72,600< 0.01
Ratna NingrumDirector517,331< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

WSKT Ownership

Others
15.92%
Insiders
78.74%
Institutions
5.34%
NameNumber of SharesOwnership (%)Value
Republic Of Indonesia21,705,633,36275.354,384.54B
Public7,100,583,72324.651,434.32B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+8,191,097 shares
Northern Trust Investments Inc
Bought 31-01-2024
+51,755 shares
BlackRock Institutional Trust Company NA
Bought 31-01-2024
+31,112 shares

Largest Institutional Sell

Public Mutual Berhad
Sold 31-01-2024
-15,938,036 shares
NN Investment Partners (Japan) Co Ltd
Sold 31-01-2024
-1,007,827 shares
PT Ashmore Asset Management Indonesia Tbk
Sold 31-01-2024
-895,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of WSKT stock