Asia300

PT Gudang Garam Tbk

Indonesia

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 64,925
Mar 24, 2017
Market cap:
Market cap(USD):
124,921B
9,373.91M
Shares: 1,924.09M

Currency in IDR

Company profile

Market(Ticker): JKT(GGRM)
Sector:
Industry:
Consumer Non-Durables
Tobacco
Full time employees: 36,995

Business summary

PT Gudang Garam Tbk engages in the manufacture and trade of cigarettes. It operates through the following segments: Cigarettes, Paperboard, and Others. It produces clove cigarettes including low-tar and low-nicotine variants, and the traditional hand-rolled kretek. The company was founded by Surya Wonowidjojo on June 26, 1958 and is headquartered in Kediri, Indonesia.

Company background

Gudang Garam is one of Indonesia's leading cigarette manufacturers, best known for its kretek clove cigarettes. But its share of the domestic market has steadily declined over the last decade to around 20%, as the company comes under pressure from rivals such as HM Sampoerna, which was acquired by Philip Morris in 2005.

The company also faces regulatory headwinds. The government frequently raises cigarette taxes, and now requires producers to put warning labels on packages to alert people to the dangers of smoking.

Surya Wonowidjojo, a Chinese Indonesian businessman, founded Gudang Garam in 1958. The success of his business made him and his family among wealthiest people in Indonesia. His son Susilo became president in 2009. Several family members sit on the board of directors and serve as commissioners. Less than a third of Gudang Garam's shares are publicly traded.

In addition to its core cigarette business, the company owns a media company and a charter airline.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 70,365.57B
Gross profit 15,077.55B
Operating income 9,906.24B
Income before tax 8,635.27B
Net income 6,435.65B
EBITDA 11,653.81B
Diluted EPS 3,345
Dividends per share 2,600
Total assets 63,505.41B
Total liabilities 25,497.50B
Total equity 37,900.08B
Operating cash flow 3,200.82B

Currency in IDR

Revenue 5,252.24M
Gross profit 1,125.42M
Operating income 739.42M
Income before tax 644.55M
Net income 480.37M
EBITDA 869.86M
Diluted EPS 0.24
Dividends per share 0.19
Total assets 4,606.84M
Total liabilities 1,849.65M
Total equity 2,749.37M
Operating cash flow 238.91M

Currency in USD

Valuation measures

Dec 2015

PER 16.44
ROA 10.57%
ROE 18.15%
Operating margin 14.07%
Profit margin 9.14%

Key executive

  • President Director: Susilo Wonowidjojo
  • Director: Buana Susilo
  • Director: Herry Susianto
  • Independent Director: Sony Sasono Rahmadi
  • Director: Istata Taswin Siddharta

Share holders

  • WONOWIDJOJO FAMILY(75.5%)
  • The Vanguard Group, Inc.(0.7%)
  • FIL Investment Advisors (UK) Ltd.(0.6%)
  • WONOWIDJOJO JUNI SETIAWATI(0.5%)
  • BlackRock Fund Advisors(0.4%)
  • JOHCM (Singapore) Pte Ltd.(0.3%)
  • FIL Investment Management (Singapore) Ltd.(0.2%)
  • FIL Investment Management (Hong Kong) Ltd.(0.2%)
  • Robeco Institutional Asset Management BV(0.2%)
  • UBS Asset Management (Singapore) Ltd.(0.1%)

Address

  • Website: http://www.gudanggaramtbk.com
  • Address: Jalan Semampir II/1, Kediri, 64121, Indonesia
  • Phone: +62.354.682.091

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.