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
PT Gudang Garam Tbk
GDNGY
(Other OTC)

Recent

price

3.78

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
78,358.16
87,073.67
101,926.1
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
Revenue per Share
8,762.15
10,174.29
8,344.23
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
Basic EPS, GAAP
-2,280.91
-3,801.2
-8,091.77
-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
Free Cash Flow per Basic Share
2,600
3,520
4,000
3,200
3,200
3,200
10,400
10,400
10,400
10,400
- -
10,400
9,000
4,800
- -
- -
- -
Dividend per Share
43,955.29
50,193.8
54,538.03
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
Book Value per Share
44,322.87
51,039.1
55,310.8
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
Tangible Book Value per Share
481
481
481
481
481
481
481
481
481
481
481
481
481
481
481
- -
481
Basic Weighted Avg Shares
37,691,997
41,884,352
49,028,696
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
Sales/Revenue/Turnover
15.6
16.43
12.33
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
Operating Margin (%)
- -
115,013
134,363
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
Depreciation Expense
4,214,789
4,894,057
4,013,758
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
Net Income, GAAP
25.15
25.05
26.43
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
Effective Tax Rate (%)
11.18
11.68
8.19
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
Profit Margin (%)
14,426,360
16,847,435
16,151,704
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
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
176,667
156,667
122,667
65,385
- -
- -
- -
- -
LT Debt
21,320,276
24,550,928
26,605,713
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
Total Equity
19.17
17.07
11.73
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 Invested Capital (%)
19.63
18.45
13.3
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 Capital (%)
21.4
21.61
15.93
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.