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Industrial Services

PT Wijaya Karya Tbk

  • 1,610.00 IDR
  • +5.00
  • +0.31%
  • Indonesia
    Aug 14, 2018
  • Ticker
    JKT(WIKA)
  • Prev. close
    1,605
  • Market cap (IDR)
    14,396.77B
  • Market cap (USD)
    987.43M
  • Shares
    8,969.95M

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 is a holding company, which 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, harbours, airports, dams, irrigations, and buildings. The Energy and Industrial Plant segment include energy and engineering, procurement and construction, field operations, and maintenance services of power plants. The Industry segment focuses on concrete precast such as piles, girder, rail pad, steel construction, automotive spare parts, energy conversion product, and mining industry. The Realty and Property segment comprises landed housing and high risk buildings such as apartment and condotel management. The company was founded on March 11, 1960 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue26,176.40B1,956.12M
Gross Profit2,876.23B214.93M
Operating income1,463.18B109.34M
Income before tax1,462.39B109.28M
Net income1,202.06B89.82M
EBITDA2,009.77B150.18M
Diluted EPS134.100.01
Dividends Per Share26.820.00
Total Assets45,683.77B3,367.14M
Total liabilities31,051.94B2,288.70M
Total equity12,633.51B931.16M
Operating cash flow1,885.25B140.88M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 11,884.66B 12,463.21B 13,620.10B 15,668.83B 26,176.40B
Gross Profit 1,322.43B 1,424.56B 1,654.66B 2,191.94B 2,876.23B
Operating income 870,153.81M 985,477.07M 1,195.00B 1,253.69B 1,463.18B
Income before tax 1,016.69B 1,139.18B 1,098.08B 1,295.23B 1,462.39B
Net income 569,939.95M 608,154.69M 625,043.90M 1,058.93B 1,202.06B
EBITDA 1,010.21B 1,180.02B 1,473.15B 1,537.17B 2,009.77B
Diluted EPS 86.06 91.73 94.28 118.13 134.10
Dividends Per Share 25.81 18.54 18.84 33.86 26.82
Total Assets 12,594.96B 15,909.21B 19,602.40B 31,355.20B 45,683.77B
Total liabilities 9,368.00B 11,032.46B 14,164.30B 18,617.21B 31,051.94B
Total equity 2,948.96B 3,887.58B 4,375.16B 11,444.86B 12,633.51B
Operating cash flow 289,112.08M -177,690.76M 238,405.38M -1,113.34B 1,885.25B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,137.50M 1,050.52M 1,016.63M 1,178.07M 1,956.12M
Gross Profit 126.57M 120.07M 123.50M 164.80M 214.93M
Operating income 83.28M 83.06M 89.19M 94.25M 109.34M
Income before tax 97.30M 96.02M 81.96M 97.38M 109.28M
Net income 54.55M 51.26M 46.65M 79.61M 89.82M
EBITDA 96.68M 99.46M 109.95M 115.57M 150.18M
Diluted EPS 0.00 0.00 0.00 0.00 0.01
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 1,034.91M 1,284.55M 1,422.00M 2,327.34M 3,367.14M
Total liabilities 769.76M 890.79M 1,027.51M 1,381.86M 2,288.70M
Total equity 242.31M 313.89M 317.38M 849.49M 931.16M
Operating cash flow 27.67M -14.97M 17.79M -83.70M 140.88M

Valuation Measures

Dec 2017
PER11.55
ROA3.12%
ROE9.98%
Operating margin5.58%
Profit margin4.59%

Key executives

  • President Director: Tumiyana
  • Director-Operation II: Bambang Pramujo
  • Director-Operation III: Destiawan Soewardjono
  • Director-Finance: Antonius N.S. Kosasih
  • General Manager-Power Plant & Energy: Muhammad Chusnufam

Shareholders

  • Government of Indonesia (65.0%)
  • The Vanguard Group, Inc. (1.0%)
  • Dimensional Fund Advisors LP (0.9%)
  • BlackRock Fund Advisors (0.4%)
  • Baring Asset Management (Asia) Ltd. (0.4%)
  • PT Manulife Asset Management Indonesia (0.2%)
  • DNB Investment Advisory Services (India) Private Ltd. (0.2%)
  • Parametric Portfolio Associates LLC (0.1%)
  • BNY Mellon Asset Management North America Corp. (0.1%)
  • PT Batavia Prosperindo Aset Manajemen (0.1%)

Contact Details

  • Website:http://www.wika.co.id
  • Address: WIKA Tower 1 & 2, Jalan D.I. Panjaitan Kav. 9 - 10, Jakarta, 13340, Indonesia
  • Phone: +62.21.806 79200

Related Companies

  • PT Wijaya Karya Serang Panimbang
  • PT Wijaya Karya Bangunan Gedung Tbk
  • 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

    Last Updated on 14 Aug, 2018

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