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GGRM

Gudang GaramIDX:GGRM Stock Report

Market Cap

Rp67.3t

7D

1.4%

1Y

-14.5%

Updated

20 Oct, 2021

Data

Company Financials +
GGRM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

GGRM Overview

PT Gudang Garam Tbk produces and sells cigarettes in Indonesia and internationally.

Gudang Garam Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gudang Garam
Historical stock prices
Current Share PriceRp35,000.00
52 Week HighRp29,925.00
52 Week LowRp49,975.00
Beta0.68
1 Month Change9.72%
3 Month Change-3.45%
1 Year Change-14.48%
3 Year Change-53.52%
5 Year Change-46.36%
Change since IPO2,492.59%

Recent News & Updates

Shareholder Returns

GGRMID TobaccoID Market
7D1.4%-1.2%1.9%
1Y-14.5%-18.2%27.8%

Return vs Industry: GGRM exceeded the ID Tobacco industry which returned -17.9% over the past year.

Return vs Market: GGRM underperformed the ID Market which returned 27.7% over the past year.

Price Volatility

Is GGRM's price volatile compared to industry and market?
GGRM volatility
GGRM Beta0.68
Industry Beta0.52
Market Beta1

Stable Share Price: GGRM is less volatile than 75% of ID stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GGRM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195834,974Susilo Wonowidjojohttps://www.gudanggaramtbk.com

PT Gudang Garam Tbk produces and sells cigarettes in Indonesia and internationally. The company operates through Cigarettes, Paperboards, and Others segments. It offers hand-rolled, machine-made, and klobot clove cigarettes.

Gudang Garam Fundamentals Summary

How do Gudang Garam's earnings and revenue compare to its market cap?
GGRM fundamental statistics
Market CapRp67.34t
Earnings (TTM)Rp6.14t
Revenue (TTM)Rp121.41t

11.0x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GGRM income statement (TTM)
RevenueRp121.41t
Cost of RevenueRp106.14t
Gross ProfitRp15.27t
ExpensesRp9.13t
EarningsRp6.14t

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.19k
Gross Margin12.58%
Net Profit Margin5.06%
Debt/Equity Ratio0.3%

How did GGRM perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

82%

Payout Ratio

Valuation

Is Gudang Garam undervalued compared to its fair value and its price relative to the market?

12.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GGRM (IDR35000) is trading below our estimate of fair value (IDR39811.39)

Significantly Below Fair Value: GGRM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GGRM is good value based on its PE Ratio (11x) compared to the Asian Tobacco industry average (15.6x).

PE vs Market: GGRM is good value based on its PE Ratio (11x) compared to the ID market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: GGRM is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: GGRM's PB Ratio (1.1x) is in line with the ID Tobacco industry average.


Future Growth

How is Gudang Garam forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GGRM's forecast earnings growth (14.7% per year) is above the savings rate (7.1%).

Earnings vs Market: GGRM's earnings (14.7% per year) are forecast to grow slower than the ID market (18.2% per year).

High Growth Earnings: GGRM's earnings are forecast to grow, but not significantly.

Revenue vs Market: GGRM's revenue (9.3% per year) is forecast to grow slower than the ID market (10.7% per year).

High Growth Revenue: GGRM's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GGRM's Return on Equity is forecast to be low in 3 years time (10.7%).


Past Performance

How has Gudang Garam performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GGRM has high quality earnings.

Growing Profit Margin: GGRM's current net profit margins (5.1%) are lower than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: GGRM's earnings have grown by 4.7% per year over the past 5 years.

Accelerating Growth: GGRM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GGRM had negative earnings growth (-41.1%) over the past year, making it difficult to compare to the Tobacco industry average (8.2%).


Return on Equity

High ROE: GGRM's Return on Equity (10.1%) is considered low.


Financial Health

How is Gudang Garam's financial position?


Financial Position Analysis

Short Term Liabilities: GGRM's short term assets (IDR49,826.6B) exceed its short term liabilities (IDR15,930.7B).

Long Term Liabilities: GGRM's short term assets (IDR49,826.6B) exceed its long term liabilities (IDR2,672.8B).


Debt to Equity History and Analysis

Debt Level: GGRM's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: GGRM's debt to equity ratio has reduced from 33% to 0.3% over the past 5 years.

Debt Coverage: GGRM's debt is well covered by operating cash flow (6847.3%).

Interest Coverage: GGRM's interest payments on its debt are well covered by EBIT (57.9x coverage).


Balance Sheet


Dividend

What is Gudang Garam current dividend yield, its reliability and sustainability?

7.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GGRM's dividend (7.43%) is higher than the bottom 25% of dividend payers in the ID market (0.99%).

High Dividend: GGRM's dividend (7.43%) is in the top 25% of dividend payers in the ID market (3.77%)


Stability and Growth of Payments

Stable Dividend: GGRM's dividend payments have been volatile in the past 10 years.

Growing Dividend: GGRM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.5%), GGRM's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GGRM's dividends in 3 years are forecast to be well covered by earnings (41.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.3yrs

Average board tenure


CEO

Susilo Wonowidjojo (65 yo)

12.33yrs

Tenure

Mr. Susilo Wonowidjojo has been the President Director of PT Gudang Garam Tbk since June 20, 2009. Mr. Wonowidjojo served as Vice-President Director at PT Gudang Garam Tbk since 1990. He has been a Directo...


Board Members

Experienced Board: GGRM's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PT Gudang Garam Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Gudang Garam Tbk
  • Ticker: GGRM
  • Exchange: IDX
  • Founded: 1958
  • Industry: Tobacco
  • Sector: Food, Beverage & Tobacco
  • Market Cap: Rp67.343t
  • Shares outstanding: 1.92b
  • Website: https://www.gudanggaramtbk.com

Number of Employees


Location

  • PT Gudang Garam Tbk
  • Jl. Semampir II/1
  • Kediri
  • Jawa Timur
  • 64121
  • Indonesia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 10:09
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.