PT Gudang Garam Tbk
In the news
- Calata's trouble sparks investor activism in the Philippines Dec 7, 2017
- Calata's trading violation sparks investor activism in the Philippines Dec 1, 2017
- Widodo lowers economic growth ambitions in 2018 budget Aug 16, 2017
- Indonesian consumer stocks sink as earnings disappoint Aug 1, 2017
- 'Jokowi effect' blunted by economic slowdown May 2, 2015 See more articles on PT Gudang Garam Tbk
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.
Business Summary
Financial Highlights
Dec 2021 | IDR | USD |
Revenue | 124,881.26B | 8,736.08M |
Gross Profit | 13,500.13B | 944.40M |
Operating income | 7,112.67B | 497.56M |
Income before tax | 7,286.84B | 509.75M |
Net income | 5,605.31B | 392.12M |
EBITDA | 10,009.21B | 700.19M |
Diluted EPS | 2,913.23 | 0.20 |
Dividends Per Share | -- | -- |
Total Assets | 89,964.36B | 6,312.18M |
Total liabilities | 30,676.09B | 2,152.33M |
Total equity | 59,288.20B | 4,159.84M |
Operating cash flow | 5,325.16B | 372.52M |
Currency in IDR | Currency in USD |
Historical Data
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 33,685.30B | 35,626.22B | 110,523.81B | 114,477.31B | 124,881.26B |
Gross Profit | 17,658.84B | 18,075.87B | 22,158.05B | 16,729.25B | 13,500.13B |
Operating income | 11,118.63B | 11,093.27B | 14,789.99B | 9,806.74B | 7,112.67B |
Income before tax | 10,436.51B | 10,479.24B | 14,487.73B | 9,663.13B | 7,286.84B |
Net income | 7,753.64B | 7,791.82B | 10,880.70B | 7,647.72B | 5,605.31B |
EBITDA | 13,362.62B | 13,358.00B | 17,319.57B | 12,532.37B | 10,009.21B |
Diluted EPS | 4,030 | 4,049.61 | 5,654.99 | 3,974.72 | 2,913.23 |
Dividends Per Share | 2,600 | 2,600 | 0 | 2,600 | -- |
Total Assets | 66,759.93B | 69,097.21B | 78,647.27B | 78,191.40B | 89,964.36B |
Total liabilities | 24,572.26B | 23,963.93B | 27,716.51B | 19,668.94B | 30,676.09B |
Total equity | 42,171.08B | 45,133.23B | 50,930.70B | 58,522.40B | 59,288.20B |
Operating cash flow | 8,204.57B | 11,224.70B | 11,174.40B | 17,477.71B | 5,325.16B |
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 2,517.24M | 2,502.40M | 7,815.50M | 7,872.34M | 8,736.08M |
Gross Profit | 1,319.61M | 1,269.66M | 1,566.86M | 1,150.43M | 944.40M |
Operating income | 830.87M | 779.19M | 1,045.84M | 674.38M | 497.56M |
Income before tax | 779.90M | 736.06M | 1,024.47M | 664.51M | 509.75M |
Net income | 579.41M | 547.30M | 769.41M | 525.91M | 392.12M |
EBITDA | 998.56M | 938.27M | 1,224.72M | 861.82M | 700.19M |
Diluted EPS | 0.30 | 0.28 | 0.39 | 0.27 | 0.20 |
Dividends Per Share | 0.19 | 0.18 | 0 | 0.17 | -- |
Total Assets | 4,920.57M | 4,805.09M | 5,665.20M | 5,565.22M | 6,312.18M |
Total liabilities | 1,811.11M | 1,666.47M | 1,996.50M | 1,399.92M | 2,152.33M |
Total equity | 3,108.24M | 3,138.61M | 3,668.69M | 4,165.29M | 4,159.84M |
Operating cash flow | 613.11M | 788.42M | 790.17M | 1,201.90M | 372.52M |
Valuation Measures
Dec 2021 | |
PER | 10.50 |
ROA | 6.66% |
ROE | 9.51% |
Operating margin | 5.69% |
Profit margin | 4.48% |
Key executives
- President Director: Susilo Wonowidjojo
- Finance Director: Herry Susianto
- Independent Director: Sony Sasono Rahmadi
- Director: Istata Taswin Siddharta
- Director: Andik Wahyudi
Shareholders
- WONOWIDJOJO FAMILY (75.5%)
- The Vanguard Group, Inc. (0.7%)
- WONOWIDJOJO JUNI SETIAWATI (0.5%)
- BlackRock Fund Advisors (0.5%)
- Brandes Investment Partners LP (0.3%)
- Dimensional Fund Advisors LP (0.2%)
- Centerstone Investors LLC (0.1%)
- BlackRock Advisors (UK) Ltd. (0.1%)
- Sands Capital Management LLC (0.1%)
- Northern Trust Investments, Inc.(Investment Management) (0.0%)
Contact Details
- Website:http://www.gudanggaramtbk.com
- Phone: +62.21.2955.7000
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