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Industrial Services

PT Wijaya Karya Tbk

Company Background

State-owned Wijaya Karya is Indonesia's largest construction company. Its business includes construction of buildings, bridges and toll roads. The company also operates units involved in power plant engineering, real estate and mining.

In late October, former chairman Basuki Hadimuljono was appointed as a member of Indonesian President Joko Widodo's cabinet. Hadimuljono, who became chairman in 2012, now serves as the government's public works and public housing minister. Bintang Perbowo has been Wijaya Karya's president since 2008 and previously served as the company's finance director.

Wijaya Karya was established in 1960 as an electrical and water pipe installation company. It went public in 2007. Indonesia's government owns about 65% of its shares.

In April 2014, Wijaya Karya listed shares of its precast concrete subsidiary, Wijaya Karya Beton, which became one of the country's largest IPOs of the year. Part of the proceeds was used to acquire a local concrete producer.

Business Summary

PT Wijaya Karya Tbk engages in the provision of construction, engineering, mining, and other related services. It operates through the following segments: Infrastructure and Building; Energy and Industrial Plant; Industry; and Realty and Property. The Infrastructure and Building segment consists of civil construction services such as general construction and infrastructure, roads, bridges, harbors, airports, dams, irrigations, and buildings. The Energy and Industrial Plant segment includes engineering, procurement and construction services in the electricity sector. The Industry segment focuses on precast concrete, industrial facilities, and bitumen. The Realty and Property segment offers property management services to residential houses, commercial buildings, and industrial estates. The company was founded on March 11, 1960 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2020 IDRUSD
Revenue16,536.38B1,137.17M
Gross Profit1,524.78B104.85M
Operating income630,216.46M43.33M
Income before tax310,275.68M21.33M
Net income185,766.17M12.77M
EBITDA----
Diluted EPS----
Dividends Per Share----
Total Assets68,109.18B4,847.62M
Total liabilities51,451.76B3,662.04M
Total equity13,678.13B973.53M
Operating cash flow-969,415.96M-66.66M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 15,668.83B 26,176.40B 31,158.19B 27,212.91B 16,536.38B
Gross Profit 2,191.94B 2,876.23B 3,604.72B 3,480.07B 1,524.78B
Operating income 1,253.69B 1,463.18B 1,985.55B 1,841.75B 630,216.46M
Income before tax 1,295.23B 1,462.39B 2,358.62B 2,789.25B 310,275.68M
Net income 1,058.93B 1,202.06B 1,730.25B 2,285.02B 185,766.17M
EBITDA 1,537.17B 2,009.77B 2,277.26B 2,361.90B --
Diluted EPS 118.13 134.10 193.02 254.74 --
Dividends Per Share 33.86 26.82 38.60 50.95 --
Total Assets 31,355.20B 45,683.77B 59,230.00B 62,110.84B 68,109.18B
Total liabilities 18,617.21B 31,051.94B 42,014.68B 43,492.71B 51,451.76B
Total equity 11,444.86B 12,633.51B 14,803.61B 15,905.10B 13,678.13B
Operating cash flow -1,113.34B 1,885.25B 2,722.53B 833,091.32M -969,415.96M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,178.07M 1,956.12M 2,188.57M 1,924.31M 1,137.17M
Gross Profit 164.80M 214.93M 253.19M 246.08M 104.85M
Operating income 94.25M 109.34M 139.46M 130.23M 43.33M
Income before tax 97.38M 109.28M 165.67M 197.23M 21.33M
Net income 79.61M 89.82M 121.53M 161.58M 12.77M
EBITDA 115.57M 150.18M 159.95M 167.01M --
Diluted EPS 0.00 0.01 0.01 0.01 --
Dividends Per Share 0.00 0.00 0.00 0.00 --
Total Assets 2,327.34M 3,367.14M 4,118.91M 4,474.03M 4,847.62M
Total liabilities 1,381.86M 2,288.70M 2,921.74M 3,132.91M 3,662.04M
Total equity 849.49M 931.16M 1,029.45M 1,145.69M 973.53M
Operating cash flow -83.70M 140.88M 191.23M 58.91M -66.66M

Valuation Measures

Dec 2020
PER95.84
ROA0.28%
ROE1.25%
Operating margin3.81%
Profit margin1.12%

Key executives

  • General Manager-Operation Department: Bagus Tri Setyana
  • Finance Director: Ade Wahyu
  • Director-Operations II: Bambang Pramujo
  • Director-Operations III: Destiawan Soewardjono
  • Director-Operations I: Agung Budi Waskito

Shareholders

  • Government of Indonesia (65.0%)
  • The Vanguard Group, Inc. (1.0%)
  • Norges Bank Investment Management (0.9%)
  • Dimensional Fund Advisors LP (0.8%)
  • PT Indo Premier Securities (Investment Management) (0.6%)
  • BlackRock Fund Advisors (0.6%)
  • BlackRock Advisors (UK) Ltd. (0.1%)
  • Quaero Capital LLP (0.0%)
  • Credit Mutuel Asset Management SA (0.0%)
  • SSgA Funds Management, Inc. (0.0%)

Contact Details

  • Website:http://www.wika.co.id
  • Address: WIKA Tower 1 & 2, Jalan D.I. Panjaitan Kavling 9 - 10, Jakarta, 13340, Indonesia
  • Phone: +62.21.8067.9200

Related Companies

  • PT Wika Insan Pertiwi
  • PT Wijaya Karya Serang Panimbang
  • PT Wijaya Karya Bangunan Gedung Tbk
  • PT Citra Lautan Teduh
  • PT Wijaya Karya Rekayasa Konstruksi
  • PT Wijaya Karya Beton Tbk
  • PT Wijaya Karya Realty
  • PT Wika-NGK Insulators
  • PT Wijaya Tama Perkasa
  • PT Wijaya Karya Industri & Konstruksi
  • PT Wijaya Karya Bitumen

Competitors

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