Wijaya Karya
PT Wijaya Karya Tbk (Wika) is an Indonesian company that is involved in engineering and construction work in both Indonesia as well as abroad. Its businesses include civil engineering, building construction, and construction of industrial plants as well as energy facilities. The company is majority-owned by the Indonesian government.
Profile
Industry Sector | Property, Real Estate and Construction |
Industry Sub Sector | Building Construction |
Established | 11 March 1960 |
Listed | 29 October 2007 |
Listed Company Code | WIKA |
Listed Shares | 6,105,627,500 |
Dividend | Yes |
Major Shareholders (>5%) | Government of Indonesia (65.05%) |
Key Subsidiaries | Wijaya Karya Beton Wijaya Karya Realty Wijaya karya Intrade |
Stock Quote Wijaya Karya - WIKA:
Business Summary
Being a government-controlled company, Wika's primary customer is the government of Indonesia as well as other Indonesian state-owned enterprises (SOE). However, the vast growth of Indonesia’s economy also impacted on growth of the construction industry in the private sector. This growth allowed Wika to expand its target markets from the government and other SOE companies to the private sector.
Moreover, Wika has extended its target market from Indonesia to other developing countries. The company has participated in projects in the Middle East and North Africa (Iraq, Algeria and Libya), as well as several other countries in the Asia Pacific (Timor Leste, Brunei Darussalam and Myanmar).
Wijaya Karya has two core businesses: Construction, which is divided into Civil Construction (roads, bridges, seaports, airports and dams) and Building Construction (residential and commercial housing as well as utility buildings) and Mechanical Electrical, which consists of Energy and Industrial Plants. The Energy segment is focused on Engineering, Procurement and Construction (EPC) and Investment.
New Contracts:
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
Infrastructure & Building |
6,411.5 | 8,937.7 | 9,038.2 | 9,816.7 | 19,077.1 | 39,648.3 |
Energy & Industrial Plant |
4,202.7 | 4,100.5 | 4,458.0 | 3,633.7 | 1,034.4 | 7,493.8 |
Industry | 2,140.9 | 2,623.9 | 2,991.9 | 3,187.8 | 3,734.0 | 4,278.8 |
Property & Realty | 800.6 | 1,463.4 | 1,244.0 | 1,378.5 | 1,376.3 | 3,342.6 |
in billion IDR rupiah
Source: Wijaya Karya, Annual Report 2016
Wijaya Karya's Financial Highlights:
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
Net Sales | 6,590.9 | 6,022.9 | 7,741.8 | 9,905.2 | 11,884.6 | 12,463.2 | 13,620.1 | 15,668.8 |
Gross Profit | 623.1 | 632.9 | 763.4 | 957.8 | 1,322.4 | 1,424.6 | 1,654.7 | 2,227.1 |
Net Income | 189.2 | 311.2 | 390.95 | 523.3 | 624.4 | 743.8 | 703.0 | 1,147.1 |
Operating Income |
485.0 | 477.6 | 653.7 | 870.0 | 1,216.0 | 1,401.5 | 1,513.9 | 2,079.0 |
Profit before Income Tax |
348.1 | 473.3 | 629.6 | 832.7 | 1,016.7 | 1,139.2 | 751.3 | 1,230.5 |
Total Assets | 5,700.6 | 6,286.3 | 8,323.0 | 11,020.8 | 12,594.6 | 15,909.2 | 19,602.4 | 31,096.5 |
Total Liabilities | 4,064.9 | 4,369.5 | 6,103.6 | 8,186.5 | 9,368.0 | 11,032.5 | 14,164.3 | 18,597.8 |
Earnings per Share¹ |
33,37 | 47,47 | 60,59 | 77,96 | 92,84 | 99,06 | 101,81 | 158,64 |
Cash Dividend per Share¹ |
– | 17,08 | 17,56 | 22,32 | 27,82 | 20,01 | 20,35 | 33,86 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Wijaya Karya, Annual Report 2016
Future Forecast Wijaya Karya's Financial Highlights:
2018 | 2019F | 2020F | 2021F | |
Net Sales | 31,158 | 35,765 | 44,777 | 51,474 |
EBITDA | 3,352 | 4,930 | 5,957 | 6,456 |
Net Income | 1,730 | 2,258 | 2,714 | 3,046 |
ROAA (%) | 3.3 | 3.7 | 4.0 | 3.9 |
P/E Ratio (x) |
4.6 | 3.5 | 2.9 | 2.6 |
P/BV (x) |
0.5 | 0.5 | 0.4 | 0.4 |
in billion IDR rupiah unless otherwise stated
Source: Danareksa Sekuritas (26.03.2020)
Location
Contact Details
Jalan D.I. Panjaitan Kav. 9
Jakarta - 13340
Phone: +62 21 819 2808
Fax: +62 21 819 1235
Email: natal.argawan@wika.co.id
www.wika.co.id