Wijaya Karya Beton

wton

-1.09%

Overview

WTON Overview

PT Wijaya Karya Beton Tbk is an Indonesia-based company that is engaged in the concrete trade and industry, construction services and other related business fields. The Company's segments include concrete, quarry and service. It is engaged in the sale of spun and precast concrete products, precast concrete in the form of ready mix, and construction services and concrete installation service. The Company's planning and installation works include Kualanamu-Medan Railroad Overpass (pier precast, box girder and installation services), Batang Steam Power Plant (piles and erection services) and Bogor Outer Ring Road (box girder and installation services). Its product categories include PC poles, PC piles, railway concrete products, bridge concrete products, retaining wall, hydro structure concrete products, building and housing concrete products, marine structure concrete products and other concrete products. The Company's PC poles products include PC catenary poles and lighting PC poles.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: WTON

Main
Market Cap.
IDR 793.11Billion

~$49.57M USD

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

Valuation

WTON Valuation Metrics

91

IDR
-1.1%

Closing Price on 2024-04-18

Price to Equity

23.24

P/E

At 23.24x P/E TTM, WTON.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.4x).

Price to Book

0.22

P/B

At 0.22x P/B TTM, WTON.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.19

P/S

At 0.19x P/S TTM, WTON.JK is trading at a discount to its peers in the Basic Materials sector.

Valuing Wijaya Karya Beton 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 Wijaya Karya Beton relative to other stocks in the Basic Materials sector

Price/Cash Flow
8.31x
Price/Forward Earnings
2.14x
Enterprise Value/Revenue
0.18x
Enterprise Value/EBITDA
6.96x
PEG Ratio
-

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR912024-04-18
IDR 90.74

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of WTON is IDR91, which is 1% lower than WTON's last closing price of IDR91 (as of 2024-04-18).

Valuation Recap of WTON 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 23.24x 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 WTON.

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 0.22x 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 WTON.

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 0.19x is below 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 WTON's valuation relative to its current sales and future earnings growth. WTON trades at a Forward P/E ratio of 2.14x, which is considered fairly undervalued by analysts.

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. WTON's P/CF ratio of 8.31x 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. WTON's EV/R ratio of 0.18x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.14x.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of WTON is IDR 90.74, which is 1% lower than WTON's last closing price of IDR 91.00.

Peers

WTON 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 WTON stock
WeightNotesScore
High
At a market cap of IDR 793.11 billion, WTON.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 23.24, WTON.JK ranks 4 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -34.38 (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 23.24, WTON.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 4.20 trillion, WTON.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.03 trillion, WTON.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of WTON

Growth Forecasts

WTON 2024 Revenue Growth
+83.0%
WTON 2024 EPS Growth
0.0%
Sector Revenue Growth
+5.0%
Basic Materials
Indonesia Market Growth
+7.6%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+93.4%
Basic Materials Sector Revenue Growth '24
+93.4%

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

WTON Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of WTON
WeightNotesScore
High
WTON'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 WTON'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 WTON's earnings growth prospects in the next 2 years.

Medium
WTON 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 WTON's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Kuntjara15.2 years
Ahmad Fadli Kartajaya
Director
Rija Judaswara
Director
Verly Widiantoro
Director
Taufik Dwi Wibowo
Director
NamePositionShares%
Hermawan DhewayantoPresident Commissioner30,000< 0.01
KuntjaraPresident Director13,737,3000.16
Rija JudaswaraDirector2,339,7000.03
Taufik Dwi WibowoDirector1,915,6000.02
Verly WidiantoroDirector2,000,0000.02
Expressed in millions IDR, unless otherwise stated

Ownership

WTON Ownership

Others
26.07%
Insiders
71.72%
Institutions
2.21%
NameNumber of SharesOwnership (%)Value
Pt Wijaya Karya (Persero) Tbk5,229,280,00060475.86B
Public (Scripless)3,380,121,00038.78307.59B
Public (Scrip)86,043,0000.997.83B
Kuntjara13,737,3000.161.25B
Rija Judaswara2,339,7000.030.21B
Taufik Dwi Wibowo1,915,6000.020.17B
Verly Widiantoro2,000,0000.020.18B

Largest Institutional Buy

Pharus Management Lux S.A.
Bought 31-01-2024
+1,990,000 shares

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-01-2024
-5,909,300 shares
Dimensional Fund Advisors
Sold 31-01-2024
-1,838,000 shares
DFA Australia Limited
Sold 31-01-2024
-581,900 shares

Institutional Transactions

Tracking institutional transactions buying / selling of WTON stock