Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
PT Wijaya Karya Beton Tbk is a leading manufacturer and distributor of pre-stressed concrete (PC) products, serving both the Indonesian and international markets. The company offers an extensive range of concrete solutions, including: Various types of concrete poles and piles, such as hollow round, hollow box, cylinder, spun, square, and triangular piles. Concrete piping for diverse applications. Specialized components for railway infrastructure, like PC turnout sleepers, lorry PC sleepers, and concrete lever crossings. Structural elements for bridges, including girders, voided slabs, double tee slabs, full and half depth slabs, and channel girders. Retaining wall systems, comprising corrugated, flat prestressed, and flat reinforced concrete sheet piles. Maritime construction products, such as breakwaters and dock components. Hydro engineering products, including RC cylinder pipes, reinforced box culverts, U-ditches, sabodam modular units, and PC infiltration wells. Building construction materials like precast walls, hollow core slabs, concrete slabs, columns, beams, and ladders. Ready-mix concrete for various construction needs. Beyond its manufacturing core, PT Wijaya Karya Beton Tbk is also involved in mining activities, producing aggregate materials such as split, screening, and stone ash. The company further provides comprehensive engineering, production, and installation services. These specialized services encompass inner bore system installations, earth auger slurry excavation, gantry services, and post-tensioning installations. Established in 1997, the company is headquartered in Jakarta, Indonesia, and operates as a subsidiary of PT Wijaya Karya (Persero) Tbk.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD