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PT Gudang Garam Tbk
- 71,500.00 IDR
- -100.00
- -0.14%
Indonesia
Aug 16, 2018Ticker
JKT(GGRM)Prev. close
71,600Market cap (IDR)
137,764.70BMarket cap (USD)
9,429.47MShares
1,924.08M
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 2017 | IDR | USD |
| Revenue | 33,685.30B | 2,517.24M |
| Gross Profit | 17,658.84B | 1,319.61M |
| Operating income | 11,118.63B | 830.87M |
| Income before tax | 10,436.51B | 779.90M |
| Net income | 7,753.64B | 579.41M |
| EBITDA | 13,362.62B | 998.56M |
| Diluted EPS | 4,030 | 0.30 |
| Dividends Per Share | 2,600 | 0.19 |
| Total Assets | 66,759.93B | 4,920.57M |
| Total liabilities | 24,572.26B | 1,811.11M |
| Total equity | 42,171.08B | 3,108.24M |
| Operating cash flow | 8,204.57B | 613.11M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 25,671.72B | 29,954.73B | 32,684.55B | 33,671.85B | 33,685.30B |
| Gross Profit | 10,718.09B | 13,084.61B | 15,077.55B | 16,110.67B | 17,658.84B |
| Operating income | 6,642.60B | 8,573.72B | 9,906.24B | 9,972.31B | 11,118.63B |
| Income before tax | 5,936.20B | 7,254.71B | 8,635.27B | 8,931.13B | 10,436.51B |
| Net income | 4,328.73B | 5,405.73B | 6,435.65B | 6,677.08B | 7,753.64B |
| EBITDA | 7,750.65B | 10,067.05B | 11,653.81B | 12,057.88B | 13,362.62B |
| Diluted EPS | 2,250 | 2,810 | 3,345 | 3,470 | 4,030 |
| Dividends Per Share | 800 | 800 | 2,600 | 2,600 | 2,600 |
| Total Assets | 50,770.25B | 58,234.27B | 63,505.41B | 62,951.63B | 66,759.93B |
| Total liabilities | 21,353.98B | 25,099.87B | 25,497.50B | 23,387.40B | 24,572.26B |
| Total equity | 29,264.04B | 33,000.15B | 37,900.08B | 39,487.01B | 42,171.08B |
| Operating cash flow | 2,472.97B | 1,657.77B | 3,200.82B | 6,937.65B | 8,204.57B |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 2,457.09M | 2,524.88M | 2,439.64M | 2,531.64M | 2,517.24M |
| Gross Profit | 1,025.85M | 1,102.90M | 1,125.42M | 1,211.29M | 1,319.61M |
| Operating income | 635.77M | 722.67M | 739.42M | 749.77M | 830.87M |
| Income before tax | 568.16M | 611.49M | 644.55M | 671.49M | 779.90M |
| Net income | 414.31M | 455.64M | 480.37M | 502.02M | 579.41M |
| EBITDA | 741.83M | 848.55M | 869.86M | 906.58M | 998.56M |
| Diluted EPS | 0.21 | 0.23 | 0.24 | 0.26 | 0.30 |
| Dividends Per Share | 0.07 | 0.06 | 0.19 | 0.19 | 0.19 |
| Total Assets | 4,171.75M | 4,702.00M | 4,606.84M | 4,672.60M | 4,920.57M |
| Total liabilities | 1,754.64M | 2,026.63M | 1,849.65M | 1,735.93M | 1,811.11M |
| Total equity | 2,404.60M | 2,664.52M | 2,749.37M | 2,930.93M | 3,108.24M |
| Operating cash flow | 236.69M | 139.73M | 238.91M | 521.61M | 613.11M |
Valuation Measures
| Dec 2017 | |
| PER | 20.79 |
| ROA | 11.95% |
| ROE | 18.99% |
| Operating margin | 33.00% |
| Profit margin | 23.01% |
Key executives
- President Director: Susilo Wonowidjojo
- Director-Finance: Herry Susianto
- Director: Buana Susilo
- Independent Director: Sony Sasono Rahmadi
- Director: Istata Taswin Siddharta
Shareholders
- WONOWIDJOJO FAMILY (75.5%)
- FIL Investment Management (Singapore) Ltd. (0.9%)
- The Vanguard Group, Inc. (0.8%)
- WONOWIDJOJO JUNI SETIAWATI (0.5%)
- BlackRock Fund Advisors (0.5%)
- PT Schroder Investment Management Indonesia (0.4%)
- FIL Investment Advisors (UK) Ltd. (0.4%)
- FIL Investment Management (Hong Kong) Ltd. (0.2%)
- Dimensional Fund Advisors LP (0.2%)
- APG Asset Management NV (0.2%)
Contact Details
- Website:http://www.gudanggaramtbk.com
- Phone: +62.354.682.091
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