Asia300

PT Gudang Garam Tbk

Indonesia

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Nov 17, 2017
Prev close: 77,975
Nov 17, 2017
Market cap:
Market cap(USD):
150,031B
11,090.8M
Shares: 1,924.09M

Currency in IDR

Company profile

Market(Ticker): JKT(GGRM)
Sector:
Industry:
Consumer Non-Durables
Tobacco
Full time employees: 35,900

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 2016

  • Local currency
  • US Dollar
Revenue 76,274.14B
Gross profit 16,110.67B
Operating income 9,972.31B
Income before tax 8,931.13B
Net income 6,677.08B
EBITDA 12,057.88B
Diluted EPS 3,470
Dividends per share 2,600
Total assets 62,951.63B
Total liabilities 23,387.40B
Total equity 39,487.01B
Operating cash flow 6,937.65B

Currency in IDR

Revenue 5,734.72M
Gross profit 1,211.29M
Operating income 749.77M
Income before tax 671.49M
Net income 502.02M
EBITDA 906.58M
Diluted EPS 0.26
Dividends per share 0.19
Total assets 4,672.60M
Total liabilities 1,735.93M
Total equity 2,930.93M
Operating cash flow 521.61M

Currency in USD

Valuation measures

Dec 2016

PER 18.41
ROA 10.56%
ROE 17.25%
Operating margin 13.07%
Profit margin 8.75%

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.(0.8%)
  • FIL Investment Advisors (UK) Ltd.(0.8%)
  • FIL Investment Management (Singapore) Ltd.(0.7%)
  • BlackRock Fund Advisors(0.5%)
  • WONOWIDJOJO JUNI SETIAWATI(0.5%)
  • PT Schroder Investment Management Indonesia(0.4%)
  • JOHCM (Singapore) Pte Ltd.(0.3%)
  • FIL Investment Management (Hong Kong) Ltd.(0.2%)
  • APG Asset Management NV(0.2%)

Address

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

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