PT Gudang Garam Tbk (GDNGY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
PT Gudang Garam Tbk (GDNGY) trades at $4.02 with AI Score 42/100 (Grade C). PT Gudang Garam Tbk is an Indonesian tobacco company producing and selling a variety of cigarettes internationally. Market cap: $1.93B, Sector: Consumer defensive.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for GDNGY: GDNGY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates GDNGY against Consumer Defensive peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
GDNGY: the 1 perspectives are evenly split.
How is this calculated? →PT Gudang Garam Tbk (GDNGY) Consumer Business Overview
PT Gudang Garam Tbk, established in 1958, is a prominent Indonesian tobacco manufacturer producing hand-rolled, machine-made, and clove cigarettes under brands like Gudang Garam Family and Surya Family, operating in a competitive consumer defensive sector with a focus on both domestic and international markets.
What Is the Investment Thesis for GDNGY?
PT Gudang Garam Tbk presents a mixed investment case. The company's established position in the Indonesian tobacco market provides a stable revenue base, supported by strong brand recognition. The dividend yield of 3.57% offers an income stream for investors. However, the relatively low profit margin of 1.2% and gross margin of 8.9% indicate potential challenges in profitability. The P/E ratio of 10.4 suggests the stock may be fully valued. Growth catalysts include expanding international sales and diversifying into related businesses. Potential risks include increasing government regulation of the tobacco industry, rising excise taxes, and changing consumer preferences. Monitoring these factors is crucial for assessing the long-term investment viability of GDNGY.
Based on FMP financials and quantitative analysis
GDNGY Key Highlights
- Market capitalization of $1.93B reflects its significant presence in the Indonesian tobacco market.
- P/E ratio of 10.4 indicates investor expectations for future earnings growth.
- Dividend yield of 3.57% provides an income stream for investors.
- Profit margin of 1.2% suggests potential challenges in maintaining profitability.
- Gross margin of 8.9% indicates the cost of goods sold relative to revenue.
Who Are GDNGY's Competitors?
GDNGY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ASTVF Austevoll Seafood ASA | $11.00 | +32.53% | $2.22B | 49 |
| FTROF First Resources Limited | $1.80 | -20.35% | $2.79B | 64 |
| GGGSF Greggs plc | $22.30 | +8.57% | $2.27B | 48 |
| GGGSY Greggs plc | $7.16 | +0.00% | $2.19B | 48 |
| ITOEF Ito En, Ltd. | $18.82 | +0.00% | $2.17B | 48 |
| TPB Turning Point Brands, Inc. | $86.17 | +0.27% | $1.67B | 59 |
| BTI British American Tobacco p.l.c. | $61.59 | -0.29% | $133.36B | 52 |
| RLX RLX Technology Inc. | $1.96 | +1.55% | $2.40B | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GDNGY's Key Strengths?
- Strong brand recognition in Indonesia.
- Established distribution network.
- Wide range of cigarette products.
- Long history and experience in the tobacco industry.
What Are GDNGY's Weaknesses?
- Low profit margin.
- High dependence on the Indonesian market.
- Vulnerability to government regulations and excise taxes.
- Limited international presence compared to global competitors.
What Could Drive GDNGY Stock Higher?
- Expansion into new international markets could drive revenue growth.
- Diversification into related businesses may create new revenue streams.
- Development of new and innovative tobacco products could attract new customers.
- Strengthening of the distribution network could improve market access.
- Improvements in operational efficiency could enhance profitability.
What Are the Key Risks for GDNGY?
- Increasing government regulations and excise taxes could reduce profitability.
- Changing consumer preferences and health concerns could decrease demand for tobacco products.
- Intense competition from domestic and international players could erode market share.
- Rising costs of raw materials could squeeze profit margins.
- Currency fluctuations could impact the value of the ADR.
What Are the Growth Opportunities for GDNGY?
- Expanding International Sales: PT Gudang Garam Tbk has the opportunity to increase its international sales by targeting new markets in Asia and other regions. The global tobacco market is estimated to be worth hundreds of billions of dollars, providing ample room for growth. By tailoring its products to local tastes and preferences, Gudang Garam can capture a larger share of the international market. Timeline: Ongoing.
- Diversifying into Related Businesses: Gudang Garam can diversify its revenue streams by expanding into related businesses such as tobacco processing, packaging, and distribution. This can reduce its reliance on cigarette sales and create new sources of income. The market for tobacco processing and packaging is substantial, offering significant growth potential. Timeline: Ongoing.
- Developing New Products: The company can develop new and innovative tobacco products to appeal to changing consumer preferences. This could include low-nicotine cigarettes, flavored cigarettes, or other novel products. The market for alternative tobacco products is growing rapidly, driven by health concerns and regulatory pressures. Timeline: Ongoing.
- Strengthening Distribution Network: Gudang Garam can strengthen its distribution network by investing in new infrastructure and technology. This will enable it to reach more customers and improve its efficiency. A robust distribution network is essential for maintaining market share and competing effectively. Timeline: Ongoing.
- Improving Operational Efficiency: The company can improve its operational efficiency by streamlining its manufacturing processes and reducing its costs. This will enhance its profitability and competitiveness. Continuous improvement in operational efficiency is crucial for long-term success. Timeline: Ongoing.
What Opportunities Does GDNGY Have?
- Expanding into new international markets.
- Diversifying into related businesses.
- Developing new and innovative tobacco products.
- Strengthening its distribution network.
What Threats Does GDNGY Face?
- Increasing government regulations and excise taxes.
- Changing consumer preferences and health concerns.
- Intense competition from domestic and international players.
- Rising costs of raw materials.
What Are GDNGY's Competitive Advantages?
- Strong brand recognition in Indonesia.
- Established distribution network.
- Long history and experience in the tobacco industry.
- Access to high-quality tobacco leaves.
What Does GDNGY Do?
PT Gudang Garam Tbk, founded in 1958, has grown to become one of the largest tobacco companies in Indonesia. The company was established by Surya Wonowidjojo in Kediri, East Java, initially as a home industry producing kretek (clove cigarettes). Over the decades, Gudang Garam expanded its operations, embracing modern manufacturing techniques while maintaining its commitment to quality and tradition. Today, it operates through three main segments: Cigarettes, Paperboards, and Others. The Cigarettes segment is the core of its business, offering a diverse range of products including hand-rolled kretek, machine-made kretek, and klobot clove cigarettes. These products are marketed under well-known brands such as Gudang Garam Family, Surya Family, and GG Family. The Paperboards segment supports the cigarette production by supplying packaging materials. The 'Others' segment includes trading activities, safety protective equipment, investment, construction services, tobacco processing, non-scheduled air transportation, and entertainment services. Gudang Garam's products are distributed both domestically and internationally, with a strong presence in the Indonesian market and growing exports to other regions. The company is a subsidiary of PT Suryaduta Investama.
What Products and Services Does GDNGY Offer?
- Produces and sells hand-rolled clove cigarettes (kretek).
- Manufactures and distributes machine-made kretek cigarettes.
- Offers klobot clove cigarettes.
- Markets cigarettes under the Gudang Garam Family brand.
- Markets cigarettes under the Surya Family brand.
- Markets cigarettes under the GG Family brand.
- Provides tobacco processing services.
- Offers non-scheduled air transportation services.
How Does GDNGY Make Money?
- Manufactures and sells a variety of cigarette products.
- Generates revenue through domestic and international sales.
- Operates through Cigarettes, Paperboards, and Others segments.
- Distributes products through a network of distributors and retailers.
What Industry Does GDNGY Operate In?
PT Gudang Garam Tbk operates within the Indonesian tobacco industry, a market characterized by a high prevalence of smoking and a preference for clove cigarettes (kretek). The industry faces increasing regulatory pressures, including rising excise taxes and stricter advertising restrictions. Competition is intense, with both domestic and international players vying for market share. Gudang Garam's strong brand recognition and established distribution network provide a competitive advantage. The Indonesian tobacco market is expected to experience moderate growth, driven by population growth and rising disposable incomes, but this growth is tempered by health concerns and government policies.
Who Are GDNGY's Key Customers?
- Adult smokers in Indonesia.
- International consumers of Indonesian cigarettes.
- Distributors and retailers of tobacco products.
FY2026 estForward Outlook
Wall Street analysts project PT Gudang Garam Tbk revenue of about $85.28T for fiscal 2026, with EPS near $0.00. The estimate reflects 5 contributing analysts.
ROE 5%Key Financial Metrics
Return on equity for PT Gudang Garam Tbk stands at 4.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.9%, showing how much profit it generates from its asset base. GDNGY trades at a trailing price-to-earnings ratio of 10.44, below the Consumer Defensive sector average of ~29x. Its free cash flow yield is 34.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 3.86 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 9.7%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
PT Gudang Garam Tbk's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 4.42 places it in the safe zone, indicating low near-term bankruptcy risk.
GDNGY Valuation & Market Position
With a $1.93B market cap, PT Gudang Garam Tbk sits in the small-cap segment of the market. Relative to its peer group, GDNGY's quantitative score of 42/100 is roughly in line with the peer average of 51/100.
GDNGY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong brand recognition in Indonesia.
- Established distribution network.
- Wide range of cigarette products.
- Long history and experience in the tobacco industry.
Bear Case
- Low profit margin.
- High dependence on the Indonesian market.
- Vulnerability to government regulations and excise taxes.
- Limited international presence compared to global competitors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
GDNGY Latest News
No recent news available for GDNGY.
GDNGY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for GDNGY.
Price Targets
Wall Street price target analysis for GDNGY.
GDNGY MoonshotScore
What does this score mean?
The MoonshotScore rates GDNGY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Susilo Wonowidjojo
Managing Director
Susilo Wonowidjojo is the Managing Director of PT Gudang Garam Tbk. He is a member of the Wonowidjojo family, which founded and controls the company. His background is primarily in business management and he has been involved in the strategic direction of Gudang Garam for many years. He has played a key role in the company's expansion and diversification efforts. His leadership is crucial for navigating the challenges and opportunities in the Indonesian tobacco market.
Track Record: Under Susilo Wonowidjojo's leadership, PT Gudang Garam Tbk has maintained its position as a leading tobacco company in Indonesia. He has overseen the company's efforts to expand its product portfolio and strengthen its distribution network. He has also been instrumental in managing the company's relationships with government regulators and other stakeholders. His focus remains on sustainable growth and creating value for shareholders.
PT Gudang Garam Tbk ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. GDNGY is an ADR representing shares of PT Gudang Garam Tbk, allowing U.S. investors to invest in the Indonesian tobacco company without directly dealing with the Indonesian stock exchange. It simplifies trading and reduces complexities associated with cross-border investments.
- Home Market Ticker: Indonesia Stock Exchange (IDX), Indonesia
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: GDNG
GDNGY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited or no financial disclosure requirements and may not meet the minimum listing standards of major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the lack of transparency and regulatory oversight. These companies may be newly formed, distressed, or have other factors that prevent them from listing on a major exchange.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Low trading volume and liquidity.
- Wider bid-ask spreads.
- Potential for price volatility.
- Higher risk of fraud or misrepresentation.
- Verify the company's registration and legal status.
- Obtain and review any available financial reports.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor.
- Check for any regulatory actions or legal proceedings against the company.
- The company has been in operation since 1958.
- It is a subsidiary of PT Suryaduta Investama.
- The company has a significant presence in the Indonesian tobacco market.
- It has a large number of employees (28033).
- The company pays a dividend.
PT Gudang Garam Tbk Consumer Defensive Stock: Key Questions Answered
What does PT Gudang Garam Tbk do?
PT Gudang Garam Tbk is primarily engaged in the production and sale of cigarettes, particularly clove cigarettes (kretek), in Indonesia and internationally. The company offers a range of hand-rolled, machine-made, and klobot clove cigarettes under brands like Gudang Garam Family, Surya Family, and GG Family. Beyond cigarettes, the company is involved in paperboard production, trading, investment, construction, and even non-scheduled air transportation, making it a diversified conglomerate centered around its core tobacco business.
What are the main risks for GDNGY?
GDNGY faces several key risks. Increasing government regulations and excise taxes on tobacco products in Indonesia could significantly impact profitability. Changing consumer preferences and growing health concerns may reduce demand for cigarettes. Intense competition from both domestic and international tobacco companies could erode market share. Fluctuations in currency exchange rates, particularly between the Indonesian Rupiah and the US dollar, can affect the value of the ADR for US investors. Rising raw material costs also pose a threat to profit margins.
What are the key factors to evaluate for GDNGY?
PT Gudang Garam Tbk (GDNGY) holds an AI score of 42/100 (low). P/E: 10.4x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does GDNGY data refresh on this page?
GDNGY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven GDNGY's recent stock price performance?
PT Gudang Garam Tbk (GDNGY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand recognition in Indonesia. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider GDNGY overvalued or undervalued right now?
PT Gudang Garam Tbk (GDNGY) trades at 10.4x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying GDNGY?
Before investing in PT Gudang Garam Tbk (GDNGY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding GDNGY to a portfolio?
Key strength of PT Gudang Garam Tbk (GDNGY): Strong brand recognition in Indonesia. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on available information and may be subject to change.
- Analyst consensus is based on limited data and may not be representative of all opinions.
- OTC market data may be less reliable than data from major exchanges.