Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
PT Bukaka Teknik Utama Tbk., established in 1978 and headquartered in Bogor, Indonesia, is a prominent player in the nation's infrastructure and metal construction industries. The company's core activities involve the manufacturing and construction of critical infrastructure, including transmission lines and steel bridges. It specializes in designing, fabricating, and installing various steel bridges, even producing unique steel and glass wall boarding bridges. Bukaka offers comprehensive services for steel bridge projects, covering engineering, procurement, fabrication, finishing, construction, installation, and ongoing maintenance. Beyond infrastructure, Bukaka is a key manufacturer of equipment for several sectors. It produces oil and gas machinery such as pumping units, gear reducers, mud tanks, and gas separators. For road construction, the company supplies a wide range of equipment, including asphalt mixing plants, asphalt patch mixers, tandem vibration rollers, slurry seals, asphalt sprayers, road rollers, stone crushers, vibratory rollers, and specialized road maintenance trucks. Bukaka also provides extensive services to the oil and gas industry, encompassing design, construction, fabrication, installation, and maintenance. Its manufacturing capabilities extend to a diverse fleet of specialized vehicles, including firefighting trucks (with associated servicing and reconditioning), aerial telescopic ladders, vacuum road sweepers, aerial platform articulating products, compactor and arm roll trucks, dump and water tank trucks, vacuum trucks, fire jeeps, wrecker and catering trucks, and stick boom crane trucks. In the energy sector, Bukaka delivers engineering, procurement, and construction (EPC) services for power plants and supplies necessary spare parts. It produces micro/mini hydro, diesel, and gas power generation units, is involved in Independent Power Producer (IPP) development, energy conversion initiatives, and nickel mining. Furthermore, the company operates and distributes hydropower energy and offers consultancy services in this field. Completing its broad portfolio, Bukaka provides galvanizing services, offers precast home solutions and project references, and manufactures automotive components alongside other general machinery parts.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. In particular, the stock is underpriced on P/E, 'expensive' on EV/EBI