Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Established in 1977 and headquartered in Jakarta, PT Indonesia Pondasi Raya Tbk is an Indonesian firm specializing in foundational engineering and ground improvement solutions. The company provides a comprehensive suite of services for a wide array of building and infrastructure projects, spanning residential complexes, places of worship, healthcare facilities, high-rises, roads, bridges, and underpasses. Their core activities encompass piling, retaining wall construction, and various ground enhancement techniques. Beyond installation, they offer specialized pile testing services, including comprehensive, tension, integrity, and lateral assessments. Other technical offerings feature soil nailing, shotcrete application, slurry walls, ground anchors, kingpost installation, bar couplers, dewatering, excavation, and the operation of a concrete batching plant. Additionally, PT Indonesia Pondasi Raya Tbk manufactures both precast and pre-stressed piles, alongside the specialized machinery and equipment necessary for its diverse foundation and ground engineering operations.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is reasonably priced on P/E, 'cheap' on EV/EBITD.