Gudang Garam Future Growth

Future criteria checks 3/6

Gudang Garam is forecast to grow earnings and revenue by 20.8% and 2.8% per annum respectively. EPS is expected to grow by 20.1% per annum. Return on equity is forecast to be 7.1% in 3 years.

Key information

20.8%

Earnings growth rate

20.1%

EPS growth rate

Tobacco earnings growth	19.3%
Revenue growth rate	2.8%
Future return on equity	7.1%
Analyst coverage	Good
Last updated	05 Aug 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:GGNP.F - Analysts future estimates and past financials data (IDR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	116,974,811	4,364,957	4,357,821	6,436,788	3
12/31/2025	122,692,654	5,134,101	3,225,307	7,502,904	9
12/31/2024	116,851,325	2,668,000	5,905,168	11,171,000	9
6/30/2024	113,120,502	2,961,812	4,622,064	9,762,094	N/A
3/31/2024	115,486,706	3,956,603	-2,093,544	3,639,535	N/A
12/31/2023	118,952,997	5,324,514	-1,288,858	4,409,263	N/A
9/30/2023	112,511,806	5,739,323	-2,826,897	2,844,844	N/A
6/30/2023	118,861,504	5,111,812	57,003	5,587,113	N/A
3/31/2023	125,123,209	3,666,322	2,712,439	8,149,668	N/A
12/31/2022	124,682,692	2,779,739	4,444,108	9,867,984	N/A
9/30/2022	126,729,869	2,968,329	3,010,129	8,063,293	N/A
6/30/2022	125,985,289	4,207,965	-4,236,753	635,898	N/A
3/31/2022	124,424,805	4,935,674	-4,891,757	-63,019	N/A
12/31/2021	124,881,266	5,605,315	390,595	5,325,167	N/A
9/30/2021	123,173,108	6,135,071	3,701,276	8,929,024	N/A
6/30/2021	121,390,916	6,180,417	6,326,095	11,412,255	N/A
3/31/2021	116,963,508	6,947,658	8,978,365	13,724,677	N/A
12/31/2020	114,477,311	7,647,725	12,126,298	17,477,714	N/A
9/30/2020	112,177,846	9,284,663	9,399,472	14,891,313	N/A
6/30/2020	111,433,601	10,420,507	5,822,692	11,635,698	N/A
3/31/2020	111,588,184	10,971,977	5,642,988	11,317,673	N/A
12/31/2019	110,523,819	10,880,701	6,187,576	11,174,403	N/A
9/30/2019	107,539,345	9,273,908	6,642,561	11,298,699	N/A
6/30/2019	103,147,505	8,518,118	8,616,461	12,556,808	N/A
3/31/2019	99,923,411	8,255,091	6,292,748	10,066,329	N/A
12/31/2018	95,707,663	7,791,822	8,113,711	11,224,700	N/A
9/30/2018	91,672,162	8,096,877	8,198,350	10,448,285	N/A
6/30/2018	88,365,646	8,183,786	7,091,298	9,746,423	N/A
3/31/2018	85,316,974	7,756,053	N/A	9,355,643	N/A
12/31/2017	83,305,925	7,753,648	N/A	8,204,579	N/A
9/30/2017	81,585,390	7,493,641	N/A	9,466,694	N/A
6/30/2017	79,556,669	6,932,428	N/A	11,058,763	N/A
3/31/2017	78,251,200	6,873,372	N/A	13,194,995	N/A
12/31/2016	76,274,147	6,677,083	N/A	6,937,650	N/A
9/30/2016	75,565,608	6,930,090	N/A	6,906,208	N/A
6/30/2016	74,102,298	6,902,550	N/A	6,830,852	N/A
3/31/2016	72,374,438	6,847,055	N/A	6,299,715	N/A
12/31/2015	70,365,573	6,435,654	N/A	3,200,820	N/A
9/30/2015	68,007,909	5,469,850	N/A	8,382,147	N/A
6/30/2015	65,744,168	5,095,164	N/A	3,586,741	N/A
3/31/2015	65,499,494	5,270,457	N/A	3,668,634	N/A
12/31/2014	65,185,850	5,405,738	N/A	1,657,776	N/A
9/30/2014	63,609,962	5,135,538	N/A	4,579,847	N/A
6/30/2014	61,466,964	4,839,436	N/A	2,984,182	N/A
3/31/2014	58,468,659	4,698,805	N/A	1,368,762	N/A
12/31/2013	55,436,954	4,328,736	N/A	2,472,971	N/A
9/30/2013	53,446,332	4,243,751	N/A	2,892,469	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GGNP.F's forecast earnings growth (20.8% per year) is above the savings rate (2.5%).

Earnings vs Market: GGNP.F's earnings (20.8% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: GGNP.F's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GGNP.F's revenue (2.8% per year) is forecast to grow slower than the US market (8.6% per year).

High Growth Revenue: GGNP.F's revenue (2.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GGNP.F's Return on Equity is forecast to be low in 3 years time (7.1%).