Financials PT Wijaya Karya (Persero) Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2023-12-14 pm EST			5-day change	1st Jan Change
240 ^IDR	-0.83%		-.--%	-.--%

Apr. 01	PT Wijaya Karya Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 19	Indonesia proposes injecting $2.82 bln into 16 state firms next year, SOE minister says	RE

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	17,838,226	17,803,170	9,910,581	7,175,081	2,152,524	2,152,524	-
Enterprise Value (EV) ¹	17,842,960	17,842,408	9,932,032	7,202,562	2,152,524	2,152,524	2,152,524
P/E ratio	7.81 x	95.8 x	84.2 x	-120 x	-0.3 x	-0.74 x	-1.52 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	0.66 x	1.08 x	0.56 x	0.33 x	0.1 x	0.08 x	0.07 x
EV / Revenue	0.66 x	1.08 x	0.56 x	0.33 x	0.1 x	0.08 x	0.07 x
EV / EBITDA	5.81 x	15.5 x	6.83 x	3.21 x	-	0.77 x	0.61 x
EV / FCF	-79,215,089 x	-34,842,570 x	-2,155,429 x	2,767,984 x	-	-	-
FCF Yield	-0%	-0%	-0%	0%	-	-	-
Price to Book	1.08 x	1.3 x	0.75 x	0.55 x	-	0.47 x	0.69 x
Nbr of stocks (in thousands)	8,963,933	8,968,851	8,968,851	8,968,851	8,968,851	8,968,851	-
Reference price ²	1,990	1,985	1,105	800.0	240.0	240.0	240.0
Announcement Date	3/20/20	3/26/21	3/14/22	3/24/23	4/1/24	-	-

¹IDR in Million²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	27,213	16,536	17,810	21,481	22,530	26,391	29,855
EBITDA ¹	3,070	1,145	1,451	2,237	-	2,809	3,554
EBIT ¹	2,550	630.2	1,123	1,715	-3,828	2,297	3,013
Operating Margin	9.37%	3.81%	6.31%	7.98%	-16.99%	8.7%	10.09%
Earnings before Tax (EBT) ¹	2,789	310.3	609.2	550.6	-7,265	-2,818	-1,512
Net income ¹	2,285	185.8	117.7	-59.6	-7,128	-2,898	-1,414
Net margin	8.4%	1.12%	0.66%	-0.28%	-31.64%	-10.98%	-4.74%
EPS ²	254.7	20.71	13.12	-6.640	-794.7	-323.0	-157.6
Free Cash Flow	-225,187	-510,960	-4,597,962	2,592,169	-	-	-
FCF margin	-827.5%	-3,089.92%	-25,817.15%	12,067.38%	-	-	-
FCF Conversion (EBITDA)	-	-	-	115,887.02%	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	3/20/20	3/26/21	3/14/22	3/24/23	4/1/24	-	-

¹IDR in Billions²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	4,733	39,238	21,452	27,481	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.542 x	34.27 x	14.78 x	12.29 x	-	-	-
Free Cash Flow	-225,187	-510,960	-4,597,962	2,592,169	-	-	-
ROE (net income / shareholders' equity)	14.6%	1.23%	0.88%	-0.46%	-	-63.8%	-45.3%
ROA (Net income/ Total Assets)	3.77%	0.29%	0.17%	0.02%	-	-4.1%	-2%
Assets ¹	60,670	65,113	68,751	-297,980	-	70,683	70,700
Book Value Per Share ²	1,840	1,525	1,473	1,445	-	507.0	348.0
Cash Flow per Share	92.90	15.80	-	321.0	-	-	-
Capex ¹	1,058	652	752	289	-	502	649
Capex / Sales	3.89%	3.94%	4.23%	1.35%	-	1.9%	2.17%
Announcement Date	3/20/20	3/26/21	3/14/22	3/24/23	4/1/24	-	-

¹IDR in Billions²IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

240 IDR

Average target price

300 IDR

Spread / Average Target

+25.00%

	1st Jan change	Capi.
PT WIJAYA KARYA (PERSERO) TBK	-.--%	133M
VINCI	-2.29%	67.67B
LARSEN & TOUBRO LIMITED	+2.82%	59.37B
QUANTA SERVICES, INC.	+21.25%	38.3B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+11.23%	30.73B
FERROVIAL SE	+2.06%	26.35B
CHINA RAILWAY GROUP LIMITED	+22.89%	22.01B
WSP GLOBAL INC.	+15.06%	19.47B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+24.71%	17.6B
EMCOR GROUP, INC.	+64.33%	16.64B