1. Indonesia Stocks

  2. •

    Consumer Defensive

  3. •

    Tobacco
PT Gudang Garam Tbk

PT Gudang Garam Tbk

GGNPF
PT Gudang Garam TbkUS flagOther OTC
0.96
USD
-NaN
- -
1.85BMarket Cap
PT Gudang Garam Tbk
GGNPF
(Other OTC)

Recent

price

0.96

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
19,589.54
21,768.42
25,481.52
28,812.07
33,878.83
36,570.87
39,641.71
43,296.32
49,741.83
57,442.19
59,496.92
64,904.13
64,800.93
61,823.05
51,273.89
46,447.85
32,981.5
Revenue per Share
2,190.54
2,543.57
2,086.06
2,249.76
2,809.51
3,344.78
3,470.26
4,029.78
4,049.62
5,654.99
3,974.73
2,913.23
1,444.7
2,767.29
509.75
808.97
240.37
Basic EPS, GAAP
-570.23
-950.3
-2,022.94
-2,951.07
-2,658.97
-1,519.38
-1,213.77
-1,764.86
-1,616.86
-2,591.79
-2,781.27
-2,564.63
-2,818.93
-2,961.47
-1,655.33
-1,287.65
-916.52
Free Cash Flow per Basic Share
650
880
1,000
800
800
800
2,600
2,600
2,600
2,600
- -
2,600
2,250
1,200
- -
500
- -
Dividend per Share
10,988.82
12,548.45
13,634.51
15,072.31
17,026.02
19,573.76
20,399.01
21,801.9
23,342.44
26,355.54
30,301.15
30,699.16
29,954.75
31,517.5
32,065.17
32,403.61
33,203.06
Book Value per Share
11,080.72
12,759.77
13,827.7
15,275.77
17,220.84
19,753.73
20,562.59
21,926.06
23,456.98
26,470.08
30,415.69
30,813.7
30,069.29
24,871.45
24,732.16
24,774.71
25,468.88
Tangible Book Value per Share
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
1,924
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
18,599,517
28,540,639
29,024,378

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
309.53
- -
- -
- -
509.75
2025
54.28
- -
- -
- -
808.97
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
500
2026
- -
- -
- -
- -
- -
Similar Companies
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Haypp Group AB (publ) (HAYPP.ST)
PT Gudang Garam Tbk (GGRM.JK)
Business
Operating from its base in Indonesia, PT Gudang Garam Tbk stands as a prominent manufacturer and distributor of tobacco products, catering to both domestic and international consumers. The company’s operations encompass distinct segments, primarily its core cigarette business, alongside its paperboard manufacturing, infrastructure, and various other diversified activities. Its extensive product range features diverse kretek cigarette types, including traditional hand-rolled, modern machine-made, and authentic klobot (corn husk-wrapped) variants, which are also offered in lower-tar and lower-nicotine formulations. These popular offerings are marketed through established brand families such as Gudang Garam, Surya, and GG, among others. Beyond its primary tobacco endeavors, the company's broader interests include distribution services, the production of paperboard for its packaging needs, non-scheduled air transportation, and engagement in investment, construction, and entertainment sectors. Founded in 1958 and headquartered in Kediri, Indonesia, PT Gudang Garam Tbk continues its legacy as a key subsidiary of PT Suryaduta Investama.