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PT Gudang Garam Tbk (GGRM.JK)

IDR16,650.00 +75.00 (+0.45%)
ID JKT Consumer Defensive Tobacco
Address Jl. Semampir II/1 64121
Kediri, JB, ID
CEO Susilo Wonowidjojo
Website gudanggaramtbk.com
IPO 2001-06-07
ISIN ID1000068604

Explore sections of this company profile

Also trades on Indonesia Stock Exchange · GGRM.JK (IDR) Other OTC · GDNGY (USD) Other OTC · GGNPF (USD)
Description

PT Gudang Garam Tbk is an Indonesian corporation primarily engaged in the manufacturing and global distribution of cigarettes. Its operations are structured across several key segments: Cigarettes, Paperboards, and other diversified activities. The company's product portfolio includes various types of clove cigarettes, specifically hand-rolled, machine-made, and klobot variations. These products are marketed under prominent brand families such as Gudang Garam, Surya, and GG, alongside other proprietary labels. Beyond its core tobacco business, PT Gudang Garam also participates in trading, the provision of safety protective equipment, investment services, and construction. Furthermore, it extends its reach into tobacco processing, non-scheduled air travel, and entertainment offerings. Founded in 1958, the company was previously known as PT Perusahaan Rokok Tjap "Gudang Garam" Kediri. It maintains its corporate headquarters in Kediri, Indonesia, and operates as a subsidiary of PT Suryaduta Investama.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
IDR16,650.00 +75.00 (+0.45%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.86
Float Shares
457.55M
Free Float %
23.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+7.94% +5.92% +6.25% -1.73% +14.09% +24.54% +73.03% -38.07% -48.72% -75.71% +40.50%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
16,650.00
DCF (Levered) 26,804.58 +61.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 30% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 3 -1
Sell 3 0
Strong Sell 1 0
Quality scores
Altman Z-Score
4.36
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
4 / 5
High
D/E Score
4 / 5
High
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Tobacco: +5.3%
    -9.4% Q1'26: -12.8% (vs Q1'25)
  • ✓
    EPS growth Tobacco: +18.8%
    +58.7% ★ Q1'26: +1,372.8% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Tobacco: +9.5%
    +1.8% ★ Q1'26: +10.6% (vs Q1'25)
  • ✗
    EBIT margin Tobacco: +20.5%
    +3.2% Q1'26: +9.8% (vs Q1'25)
  • ✗
    ROIC Tobacco: +16.0%
    +2.9% Q1'26: +10.1% (vs Q1'25)
  • ✓
    Share dilution Tobacco: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Tobacco: 0.25×
    0.21× ★ Q1'26: 0.02× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.84) × ERP
WACC = 98% × Ke + 2% × Kd (36.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Current price: 16,650.00
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
4 Rev. Ana.
3 EPS Ana. 		Dec 2027
7 Rev. Ana.
4 EPS Ana. 		Dec 2028
2 Rev. Ana.
1 EPS Ana.
Revenue
70.37T
est: 69.58T (+1.1%)
76.27T
est: 77.00T (-0.9%)
83.31T
est: 83.78T (-0.6%)
95.71T
est: 93.43T (+2.4%)
110.52T
est: 109.90T (+0.6%)
114.48T
est: 112.59T (+1.7%)
124.88T
est: 126.30T (-1.1%)
124.68T
est: 128.27T (-2.8%)
118.95T
est: 113.12T (+5.2%)
98.66T
est: 98.34T (+0.3%)
89.37T
est: 91.90T (-2.8%)
88.62T
84.02T – 92.47T
-3.6% YoY
90.54T
81.07T – 102.71T
+2.2% YoY
98.18T
90.44T – 107.00T
+8.4% YoY
EBITDA
11.81T
est: 5.09T (+131.9%)
12.21T
est: 5.64T (+116.6%)
13.50T
est: 6.13T (+120.1%)
13.39T
est: 6.84T (+95.8%)
17.62T
est: 8.04T (+119.1%)
12.81T
est: 8.24T (+55.4%)
10.24T
est: 9.24T (+10.8%)
6.89T
est: 9.39T (-26.6%)
10.54T
est: 6.67T (+58.0%)
2.78T
est: 5.80T (-52.1%)
3.64T
est: 5.42T (-32.8%)
5.23T
4.95T – 5.45T
-3.6% YoY
5.34T
4.78T – 6.06T
+2.2% YoY
5.79T
5.33T – 6.31T
+8.4% YoY
EBIT
10.06T
est: 3.62T (+178.0%)
10.12T
est: 4.01T (+152.6%)
11.24T
est: 4.36T (+157.8%)
11.16T
est: 4.86T (+129.5%)
15.07T
est: 5.72T (+163.6%)
10.05T
est: 5.86T (+71.5%)
7.36T
est: 6.57T (+12.0%)
3.91T
est: 6.67T (-41.4%)
7.44T
est: 4.61T (+61.4%)
1.90T
est: 4.01T (-52.5%)
2.83T
est: 3.75T (-24.4%)
3.61T
3.42T – 3.77T
-3.6% YoY
3.69T
3.30T – 4.19T
+2.2% YoY
4.00T
3.69T – 4.36T
+8.4% YoY
Net Income
6.44T
est: 5.48T (+17.5%)
6.68T
est: 6.63T (+0.7%)
7.75T
est: 7.58T (+2.3%)
7.79T
est: 8.23T (-5.3%)
10.88T
est: 10.08T (+7.9%)
7.65T
est: 7.97T (-4.1%)
5.61T
est: 5.87T (-4.5%)
2.78T
est: 2.73T (+1.9%)
5.32T
est: 2.96T (+79.8%)
980.81B
est: 1.26T (-22.4%)
1.56T
est: 1.67T (-6.5%)
3.71T
3.34T – 4.08T
+122.8% YoY
2.24T
1.99T – 7.06T
-39.6% YoY
4.02T
3.59T – 4.46T
+79.7% YoY
SGA
3.20T
est: 2.21T (+45.1%)
3.78T
est: 2.44T (+54.5%)
4.05T
est: 2.66T (+52.4%)
4.29T
est: 2.96T (+44.8%)
4.58T
est: 3.49T (+31.4%)
4.01T
est: 3.57T (+12.4%)
3.85T
est: 4.01T (-3.9%)
3.79T
est: 4.07T (-7.0%)
3.25T
est: 3.45T (-5.7%)
3.46T
est: 3.00T (+15.3%)
2.57T
est: 2.80T (-8.1%)
2.70T
2.56T – 2.82T
-3.6% YoY
2.76T
2.47T – 3.13T
+2.2% YoY
2.99T
2.76T – 3.26T
+8.4% YoY
EPS
3,345.00
est: 2,846.14 (+17.5%)
3,470.00
est: 3,446.61 (+0.7%)
4,030.00
est: 3,939.45 (+2.3%)
4,049.62
est: 4,276.15 (-5.3%)
5,654.99
est: 5,239.91 (+7.9%)
3,974.73
est: 4,143.81 (-4.1%)
2,913.23
est: 3,051.96 (-4.5%)
1,444.70
est: 1,418.38 (+1.9%)
2,767.29
est: 1,539.33 (+79.8%)
509.75
est: 652.00 (-21.8%)
809.00
est: 859.21 (-5.8%)
1,928.16
1,736.06 – 2,120.26
+124.4% YoY
2,416.61
1,036.70 – 3,671.70
+25.3% YoY
2,076.89
1,863.99 – 2,319.55
-14.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-26 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-25 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-22 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-21 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-20 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-19 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-18 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-13 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-12 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-11 A 4/5 4/5 2/5 4/5 4/5 4/5 5/5
2026-05-08 A 4/5 4/5 2/5 4/5 3/5 4/5 5/5
2026-05-07 A 4/5 4/5 2/5 4/5 3/5 4/5 5/5
2026-05-06 A 4/5 4/5 2/5 4/5 3/5 4/5 5/5
2026-05-05 A 4/5 4/5 2/5 4/5 3/5 4/5 5/5
2026-05-04 A 4/5 4/5 2/5 4/5 3/5 4/5 5/5
2026-04-30 A- 4/5 4/5 2/5 3/5 3/5 3/5 5/5
2026-04-29 A- 4/5 4/5 2/5 4/5 3/5 3/5 5/5
2026-04-28 A- 4/5 4/5 2/5 4/5 3/5 3/5 5/5
2026-04-27 A- 4/5 4/5 2/5 4/5 3/5 3/5 5/5
2026-04-24 A- 4/5 4/5 2/5 4/5 3/5 3/5 5/5
2026-04-23 A- 4/5 4/5 2/5 4/5 3/5 3/5 5/5
2026-04-22 A- 4/5 4/5 2/5 4/5 3/5 3/5 5/5
2026-04-21 A- 4/5 4/5 2/5 4/5 2/5 3/5 5/5
2026-04-20 A- 4/5 4/5 2/5 4/5 2/5 3/5 5/5
2026-04-17 A- 4/5 4/5 2/5 4/5 2/5 3/5 5/5
2026-04-16 A- 4/5 4/5 2/5 4/5 2/5 3/5 5/5
2026-04-15 A- 4/5 4/5 2/5 4/5 2/5 3/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
8.61T
OE per share TTM
4,472.48
Owner's Yield
26.31%
Maintenance CapEx ratio
61.37%
Maint CapEx / Avg PPE
23.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
131.99M
Shares Outstanding
1.92B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
A. Rudiono Kanti Setyo Head of Machine Made Kretek Cigarettes (SKM) — —
Agus Roby Head of Hand Rolled Kretek Cigarettes (SKT) — —
Freedy Head of Finance Division — —
Indra Gunawan Chief Marketing Officer & Vice President Director — male
Lusia Erlinawati Head of Accounting Division — —
Maksin Arisandi Head of General Affairs — —
Paolo Zulian Head of Engineering — —
Patricius Iman Setianto Head of Human Resources — —
Susilo Wonowidjojo President Director — male
Suwardi Head of the Internal Audit Unit — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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