Wijaya Karya

PT Wijaya Karya Tbk (Wika) is an Indonesian company that is involved in engineering and construction work in both Indonesia and abroad. Its businesses include civil engineering, building construction, and construction of industrial plants as well as energy facilities.

The company is majority-owned by the Indonesian government.

Profile

Industry Sector Property, Real Estate and Construction
Industry Sub Sector Building Construction
Established 11 March 1960
Listed 29 October 2007
Listed Company Code WIKA
Listed Shares 6,105,627,500
Dividend Yes
Major Shareholders (>5%) Government of Indonesia (65.15%)
Key Subsidiaries Wijaya Karya Beton
Wijaya Karya Realty
Wijaya karya Intrade


Stock Quote Wijaya Karya - WIKA:

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Business Summary

Being a government-controlled company, Wika's primary customer is the government of Indonesia as well as other Indonesian state-owned enterprises (SOE). However, the vast growth of Indonesia’s economy also impacted on growth of the construction industry in private sector. This growth allowed Wika to expand its target markets, from the government and other SOE companies to the private sector.

Moreover, Wika has extended its target market from Indonesia to other developing countries. The company has participated in projects in the Middle East and North Africa (Iraq, Algeria and Libya), as well as several other countries in the Asia Pacific (Timor Leste, Brunei Darussalam and Myanmar).

Wijaya Karya has two core businesses: Construction, which is divided into Civil Construction (roads, bridges, seaports, airports and dams) and Building Construction (residential and commercial housing as well as utility buildings) and Mechanical Electrical, which consists of Energy and Industrial Plants. The Energy segment is focused on Engineering, Procurement and Construction (EPC) and Investment.


New Contracts:

       2011      2012      2013
Toll, Roads, Bridges
   2,332.0    2,427.7    2,529.5
Port, Irrigation and Barrage
   1,436.5    2,226.9    2,440.5
Building Construction
   2,643.0    4,283.1    4,068.2
Power Plant    2,611.8    1,399.8     656.3  
Industrial Plant    1,590.9    2,700.7    3,801.7
Precast Industry    1,633.6    2,354.6    2,499.2
Manufacturing & Construction     507.3     269.3     492.7
Property & Realty     800.6    1,463.4    1,244.0

in billion IDR rupiah
Source: Wijaya Karya, Annual Report 2013


Wijaya Karya's Financial Highlights:

      2008     2009     2010     2011     2012     2013
Net Sales  6,559.1  6,590.9  6,022.9  7,741.8  9,905.2 11,884.6
Gross Profit    446.0    623.1    632.9    763.4    957.8  1,322.4
Net Income    156.0    189.2    284.9    354.5    476.0    569.9
Operating Income
   287.9    485.0    477.6    653.7    870.0  1,216.0
Profit before Income Tax    256.4    348.1    473.3    629.6    832.7  1,016.7
Total Assets  5,771.4  5,700.6  6,286.3  8,323.0 11,020.8 12,595.0
Total Liabilities  4,304.0  4,064.9  4,369.5  6,103.6  8,186.5  9,368.0
Earnings per Share¹    26,75    33,37    47,47    60,59    77,96    92,93
Cash Dividend per Share¹       –       –    17,08    17,56    22,32  

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Wijaya Karya, Annual Report 2013


Future Forecast Wijaya Karya's Financial Highlights:

       2011      2012      2013     2014F
Net Sales   7,741.8   9,905.2  12,223.0  11,884.6
Net Income     354.5     476.0     569.9     786.0
Earnings per Share¹     60,59     77,96     92,93       140
P/E Ratio (x)      30.7      26.1          14.8

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Investor Daily

Contact Details

Jalan D.I. Panjaitan Kav. 9
Jakarta - 13340
Phone: +62 21 819 2808
Fax: +62 21 819 1235
Email: natal.argawan@wika.co.id
www.wika.co.id

Location