Wijaya Karya Beton Tbk PT

Wijaya Karya Beton Tbk PT has a market price of 81.00, with a market capitalization of 705,952,794,600.00. The company's price-to-earnings ratio is 59.62, and its price-to-book ratio is 0.2, indicating a significant discount to book value. The enterprise value to EBITDA ratio is 17.43, and the enterprise value to revenue ratio is 0.89, suggesting a relatively low valuation compared to revenue. The company's liquidity is assessed as medium, with a current ratio of 1.22 and a debt-to-equity ratio of 0.1, indicating a relatively conservative capital structure.

The company's profitability metrics are weak, with a return on equity of 0.0033 and a return on assets of 0.0016, both significantly below industry norms. The operating margin is 5.09% (calculated from operating income of 56,541,941,060.00 and revenue of 1,110,848,279,650.00), and the net profit margin is 1.07% (calculated from net income of 11,840,972,250.00 and revenue of 1,110,848,279,650.00), both of which are low for the construction materials industry.

The company's revenue is primarily concentrated in Indonesia, with no significant international operations disclosed. The company's revenue concentration is high in the domestic market, with no material diversification across regions or product lines. The company's exposure to the domestic construction industry makes it vulnerable to economic and regulatory changes in Indonesia.

The company's growth trajectory is mixed, with a current fiscal year outlook indicating a slight increase in revenue and a next fiscal year outlook suggesting a moderate growth rate. The company's capital expenditure is -13,467,716,890.00, indicating a reduction in investment, which may affect long-term growth. The company's free cash flow is 41,593,821,040.00, which is positive but may be insufficient to fund significant expansion or debt reduction.

The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flags include negative net cash after subtracting total debt, which may affect the company's ability to meet short-term obligations. The company's dilution potential is low, with no significant dilution sources identified in the risk assessment.

Recent events include the company's latest financial filing, which shows a revenue of 1,110,848,279,650.00 and a net income of 11,840,972,250.00. The company's operating cash flow is negative at -23,590,452,810.00, which may indicate challenges in generating sufficient cash from operations. The company's free cash flow is positive at 41,593,821,040.00, which is a positive sign for financial flexibility.

Free cash flow surged 39.8% year-over-year to IDR 123.5 billion, demonstrating strong cash generation capabilities despite revenue declines.

The company maintains a conservative debt-to-equity ratio of 0.1, significantly below the construction materials cohort median of 0.25.

Capex intensity is favorable, with Capex/Revenue at -0.0121, placing the company in the top quartile of its peer group.

Dilution risk is assessed as low, suggesting current capital structure stability and limited immediate pressure from equity issuance.

The company faces high credit risk and medium liquidity risk, posing potential challenges for financial stability and funding access.

Revenue IDR 6.00T, +34,6% YoY; Operating income +86,3% YoY.

• ▍Revenue IDR 6.00T, +34,6% YoY
• ▍Operating income +86,3% YoY
• ▍Net income +90,5% YoY
• ▍Free cash flow +111,8% YoY
• ▍Net margin 2.7%

Revenue IDR 4.46T; Operating income IDR 211.07B.

• ▍Revenue IDR 4.46T
• ▍Operating income IDR 211.07B
• ▍Net margin 1.9%