Waskita Karya
PT Waskita Karya Tbk, a state-controlled company, is an Indonesian general contractor engaged in a wide range of construction activities including highways, bridges, ports, airports, buildings, sewerage plants, cement plants, factories and other industrial facilities. The company, which conducted an initial public offering (IPO) on the Indonesia Stock Exchange in late 2012, is one of the largest construction companies in Indonesia.
Profile
| Industry Sector | Property, Real Estate and Construction |
| Industry Sub Sector | Building Construction |
| Established | 1 January 1961 |
| Listed | 19 December 2012 |
| Listed Company Code | WSKT |
| Listed Shares | 9,632,236,000 |
| Dividend | No |
| Major Shareholders (>5%) | Government of Indonesia (68.00%) |
| Key Subsidiaries | Waskita Sangir Energi Waskita Toll Road Waskita Beton Precast Citra Washputowa |
Stock Quote Waskita Karya - WSKT:
Business Summary
The main business activity of Waskita Karya involves construction services. This constitutes civil work that includes road construction, bridges, railways, construction of ports and airports, irrigation building (barrage, and irrigation channel), manpower buildings (water power plants, steam power plants, nuclear power plants) and telecommunication and radio works. Several notable projects include Soekarno-Hatta International Airport, Juanda Airport (Surabaya), Suramadu Bridge, Jatigede Dam, ADFC Tower Dubai, and Mandara Bali Toll Road.
The company also provides some non construction services such as the renting out of property and others.
Being a state-controlled company, Waskita Karya is well-positioned to acquire large infrastructure projects within the government's ambitious Masterplan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI). Apart from the government, the company's customer base also consists of other state-owned enterprises and the private sector (domestic and foreign).
Operational Highlights Waskita Karya:
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Construction Services |
8,807.6 | 9,559.1 | 9,483.9 | 12,041.4 | 22,373.2 |
| Precast Services |
0,00 | 127.2 | 802.6 | 2,068.6 | 1,148.5 |
| Toll Road Income | - | - | - | 31.8 | 218.1 |
| Building Rental |
0.97 | 0.26 | 0.32 | 0.62 | 1.40 |
in billion IDR rupiah
Source: Waskita Karya Annual Report 2016
Financial Highlights Waskita Karya:
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
| Revenues | 5,853.2 | 7,274.2 | 8,808.4 | 9,686.6 | 10,286.8 | 14,152.7 | 23,788.3 |
| Cost of Revenues | (5,276.9) | (6,611.0) | (8,076.2) | (8,775.9) | (9,177.9) | (12,232) | (19,820) |
| Operating Profit | 389.2 | 485.0 | 628.5 | 706.9 | 949.7 | 1,447.0 | 3,145.8 |
| Net Income | 124.1 | 172.0 | 254.0 | 368.0 | 511.6 | 1,047.6 | 1,713.3 |
| Total Comprehensive Income |
254.4 | 366.6 | 471.9 | 1,567.1 | 1,809.2 | ||
| Total Assets | 4,078.7 | 5,116.0 | 8,366.2 | 8,788.3 | 12,542.0 | 30,309.1 | 61,425.2 |
| Total Liabilities | 3,628.6 | 4,495.8 | 6,359.2 | 6,463.5 | 9,777.1 | 20,604.9 | 44,652.0 |
| Earnings per Share¹ | 38,14 | 38,20 | 51,90 | 90,19 | 147,48 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Waskita Karya, Annual Report 2016
Future Projection Waskita Karya's Financial Highlights:
| 2018 | 2019 | 2020F | 2021F | 2022F | |
| Revenues | 48,789.0 | 31,387.0 | 20,978.0 | 19,788.0 | 20,452.0 |
| EBITDA | 7,861.0 | 4,748.0 | 3,250.0 | 3,618.0 | 3,319.0 |
| Net Income | 3,963.0 | 938.0 | 530.0 | 427.0 | 525.0 |
| P/E Ratio (x) | 1.8 | 10.7 | 21.0 | 26.1 | 21.2 |
| P/BV (x) | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 |
| ROA (%) | 3.6 | 0.8 | 0.4 | 0.3 | 0.4 |
in billion IDR rupiah unless otherwise stated
Source: NH Korindo Sekuritas (15.07.2020)
Location
Contact Details
Gedung Waskita
Jalan M.T. Haryono Kav. No. 10
Cawang, Jakarta - 13340
Phone: +62 21 850 8510
Fax: +62 21 850 8506
Email: [email protected]
www.waskita.co.id