1. Indonesia Stocks

  2. •

    Consumer Defensive

  3. •

    Tobacco
PT Gudang Garam Tbk

PT Gudang Garam Tbk

GDNGY
PT Gudang Garam TbkUS flagOther OTC
3.78
USD
- -
- -
1.82BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
115,248.27
135,515.32
146,283.48
158,566.86
173,185.27
198,967.33
229,768.74
237,987.68
259,616.54
259,203.72
247,292.22
205,095.57
- -
131,925.99
Basic EPS, GAAP
8,999.04
11,238.03
13,379.13
13,881.03
16,119.11
16,198.47
22,619.97
15,898.91
11,652.93
5,778.82
11,069.17
2,039
- -
961.49
Free Cash Flow per Basic Share
-11,804.29
-10,635.88
-6,077.52
-4,855.07
-7,059.44
-6,467.46
-10,367.15
-11,125.1
-10,258.52
-11,275.73
-11,845.86
-6,621.34
- -
-3,666.06
Dividend per Share
3,200
3,200
3,200
10,400
10,400
10,400
10,400
- -
10,400
9,000
4,800
- -
- -
- -
Book Value per Share
60,289.24
68,104.09
78,295.03
81,596.03
87,207.61
93,369.77
105,422.17
121,204.62
122,796.64
119,819
126,070.02
128,260.66
- -
132,812.24
Tangible Book Value per Share
61,103.09
68,883.34
79,014.91
82,250.35
87,704.23
93,827.9
105,880.31
121,662.77
123,254.81
120,277.17
99,485.81
98,928.66
- -
101,875.53
Basic Weighted Avg Shares
481
481
481
481
481
481
481
481
481
481
481
481
- -
481
Sales/Revenue/Turnover
55,436,954
65,185,850
70,365,573
76,274,147
83,305,925
95,707,663
110,523,819
114,477,311
124,881,266
124,682,692
118,952,997
98,655,483
89,369,758
63,459,305
Operating Margin (%)
12.09
13.21
14.2
13.27
13.51
11.62
13.66
8.81
5.88
3.14
6.25
1.9
3.16
4.99
Depreciation Expense
155,762
294,951
408,061
506,038
562,818
568,453
625,203
658,990
772,480
862,018
909,381
876,262
811,432
576,744
Net Income, GAAP
4,328,736
5,405,738
6,435,654
6,677,083
7,753,648
7,791,822
10,880,701
7,647,725
5,605,315
2,779,739
5,324,514
980,805
1,556,533
462,496
Effective Tax Rate (%)
26.15
25.12
25.27
25.29
25.69
25.63
24.9
20.86
23.08
23.77
22.39
29.97
38.92
34.41
Profit Margin (%)
7.81
8.29
9.15
8.75
9.31
8.14
9.84
6.68
4.49
2.23
4.48
0.99
1.74
0.73
Working Capital
14,509,881
14,749,466
18,523,345
20,294,608
21,153,448
23,281,152
26,822,406
32,527,937
30,943,295
26,320,117
24,578,749
26,766,691
28,713,310
30,787,379
LT Debt
- -
- -
- -
- -
- -
- -
176,667
156,667
122,667
65,385
- -
- -
- -
- -
Total Equity
29,391,930
33,134,403
38,007,909
39,564,228
42,187,664
45,133,285
50,930,758
58,522,468
59,288,274
57,855,966
60,862,843
61,916,591
62,570,837
64,109,054
Return on Invested Capital (%)
11.29
12.46
13.05
12.73
13.63
12.88
16.29
10.79
7.06
3.5
6.73
1.57
2.27
2.72
Return on Capital (%)
12.61
13.75
13.69
12.9
13.72
13.29
17.37
11.99
8.47
4.35
8.14
1.84
2.57
-1.49
Return on Common Equity (%)
15.67
17.51
18.28
17.36
19.1
17.94
22.76
14.03
9.55
4.76
9
1.6
2.51
0.74

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
761,931
167,371
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,924
1,924
Market Capitalization
26,857,062
25,654,507
27,312,266

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
39,438,262
41,534,134
Cash, Cash Equivalents & STI
- -
3,618,292
5,235,860
Accounts Receivable, Net
- -
1,923,276
1,544,912
Inventories
- -
31,615,003
31,562,154
Total Current Liabilities
- -
10,724,952
10,746,755
Payables & Accruals
- -
- -
- -
ST Debt
- -
761,931
167,371
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.23%
1.38%
1.06%
Free Cash Flow
2.54%
-11.82%
-22.21%
Net Income, GAAP
2.18%
-1.69%
58.7%
Sales/Revenue/Turnover
2.94%
-4.43%
-9.41%
Total Cash Common Dividend
- -
- -
-58.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26,264,938
23,753,646
23,874,799
24,762,100
98,655,483
2025
23,066,333
21,302,201
- -
22,042,961
89,369,758
2026
20,114,143
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,238.14
- -
- -
- -
2,039
2025
217.1
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Susilo Wonowidjojo
Full Time Employees
28,033
Sector
Consumer Defensive
Industry
Tobacco
Address
Jl. Semampir II/1 Kediri Indonesia 64121
IPO Date
Sep 23, 2019
Website
gudanggaramtbk.com
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Business
PT Gudang Garam Tbk manufactures and sells kretek (clove) cigarettes and related tobacco products in Indonesia and select international markets; its core offerings include hand-rolled kretek brands such as Gudang Garam Merah, Gudang Garam Djaja, Gudang Garam Deluxe, Gudang Garam Patra, Gudang Garam International Kretek, Gudang Garam Signature Kretek, Taman Sriwedari Kretek, and Surya Nusantara (including Surya Nusantara Raya); machine-rolled kretek brands such as Gudang Garam International Filter, Gudang Garam Signature (including Signature Mild), Surya (including Surya 12, Surya 16, Surya Exclusive, Surya Pro, Surya Pro Xtra, Surya Pro Mild, and Surya Pro Mild Xtra), GG Mild, GG Shiver, and GG Move; klobot kretek such as Gudang Garam Klobot Manis; and machine white cigarettes produced through affiliated entity PT Halim Wonowidjojo. The company also engages in ancillary operations including tobacco processing, trading, non-scheduled air transportation, infrastructure development, entertainment, tourism, safety protective equipment provision, investment activities, and toll road construction and management. Founded in 1958 and headquartered in Kediri, East Java, Indonesia, PT Gudang Garam Tbk operates primary production facilities in Kediri and Gempol on Java island; it maintains a subsidiary structure encompassing entities like PT Surya Pamenang for paperboard production used in packaging, PT Surya Madistrindo for cigarette trading and distribution, and PT Surya Sapta Agung Tol for infrastructure projects; the company functions as a subsidiary of PT Suryaduta Investama and predominantly serves the domestic Indonesian market while exporting select brands internationally. Recent strategic expansions include the inauguration of Dhoho Kediri Airport in October 2024, Indonesia's first fully privately funded airport developed without government budget allocation, enhancing regional connectivity near its headquarters; in early 2024, the company established PT Surya Sapta Agung Tol and signed a toll road concession agreement for the 44.17 km Kediri-Tulungagung toll road, an unsolicited public-private partnership project valued at Rp9.92 trillion, with construction commencing in Q2 2024, access road operations targeted for Q1 2025, and full main segment operational by end-2025 to support airport access and Trans Java toll integration; additionally, in May 2025, Gudang Garam injected Rp1.5 trillion in capital into PT Surya Sapta Agung Tol to accelerate the toll project; in June 2025, the company resumed dividend payments after a one-year hiatus, distributing Rp962 billion or 98% of its 2024 net profit to shareholders.