PT Gudang Garam Tbk (GGNPF)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, 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 (GGNPF) with AI Score 42/100 (Weak). PT Gudang Garam Tbk is an Indonesian tobacco company producing and selling various types of cigarettes, including hand-rolled, machine-made, and clove cigarettes, both domestically and internationally. Market cap: 0, Sector: Consumer defensive.
Last analyzed: Mar 16, 2026PT Gudang Garam Tbk (GGNPF) Consumer Business Overview
PT Gudang Garam Tbk, an Indonesian tobacco giant, manufactures and distributes a diverse range of cigarettes, including clove and traditional varieties, under brands like Gudang Garam Family and Surya Family. With a significant presence in both domestic and international markets, the company also engages in related activities such as paperboard production and investment services.
Investment Thesis
PT Gudang Garam Tbk presents a mixed investment case. The company's established brand portfolio and extensive distribution network in Indonesia provide a solid foundation. However, the tobacco industry faces increasing regulatory pressures and health concerns, potentially impacting long-term growth. With a P/E ratio of 24.50 and a dividend yield of 3.58%, the stock's valuation reflects both its market position and the inherent risks of the industry. A key factor is the company's ability to adapt to changing consumer preferences and regulatory environments. The company's low profit margin of 1.2% and gross margin of 8.9% also raise concerns about profitability.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $1.71 billion reflects its position as a major player in the Indonesian tobacco market.
- P/E ratio of 24.50 indicates the price investors are willing to pay for each dollar of earnings.
- Dividend yield of 3.58% offers a potential income stream for investors.
- Profit margin of 1.2% suggests potential challenges in maintaining profitability.
- Beta of 0.75 indicates lower volatility compared to the overall market.
Competitors & Peers
Strengths
- Strong brand recognition in Indonesia.
- Extensive distribution network.
- Experience in clove cigarette (kretek) manufacturing.
- Established relationships with suppliers.
Weaknesses
- High dependence on the Indonesian market.
- Vulnerability to increasing excise taxes and regulations.
- Limited presence in international markets.
- Low profit margin.
Catalysts
- Ongoing: Potential changes in Indonesian tobacco excise tax policies could impact profitability.
- Ongoing: Shifts in consumer preferences towards alternative nicotine products.
- Ongoing: Expansion into new international markets, particularly in Southeast Asia.
- Ongoing: Development and launch of new cigarette brands or product variations.
- Ongoing: Strategic partnerships or acquisitions to expand market share or product offerings.
Risks
- Potential: Increasing excise taxes and regulations on tobacco products in Indonesia and other markets.
- Potential: Declining cigarette consumption due to health concerns and anti-smoking campaigns.
- Potential: Competition from other tobacco companies, both domestic and international.
- Potential: Fluctuations in raw material prices, particularly tobacco leaf.
- Ongoing: The company's low profit margin of 1.2% indicates vulnerability to economic downturns or increased costs.
Growth Opportunities
- Expansion into international markets: PT Gudang Garam Tbk has the opportunity to expand its presence in international markets, particularly in Southeast Asia and other emerging economies. This could involve exporting its existing product lines or developing new products tailored to specific regional preferences. The global tobacco market is estimated to be worth hundreds of billions of dollars, providing ample room for growth. Timeline: Ongoing.
- Product diversification: The company can diversify its product portfolio beyond traditional cigarettes to include smokeless tobacco products, e-cigarettes, or other alternative nicotine delivery systems. This would allow it to cater to changing consumer preferences and mitigate the impact of declining cigarette consumption. The market for alternative tobacco products is growing rapidly, presenting a significant opportunity. Timeline: Ongoing.
- Strengthening brand loyalty: PT Gudang Garam Tbk can invest in marketing and branding initiatives to strengthen brand loyalty among its existing customer base. This could involve loyalty programs, sponsorships, or targeted advertising campaigns. Strong brand loyalty can help the company maintain market share and pricing power. Timeline: Ongoing.
- Improving operational efficiency: The company can improve its operational efficiency by streamlining its manufacturing processes, optimizing its supply chain, and reducing its operating costs. This would help to improve its profit margins and competitiveness. Timeline: Ongoing.
- Strategic partnerships and acquisitions: PT Gudang Garam Tbk can pursue strategic partnerships or acquisitions to expand its market reach, acquire new technologies, or diversify its product portfolio. This could involve partnering with other tobacco companies, distributors, or technology providers. Timeline: Ongoing.
Opportunities
- Expansion into international markets.
- Product diversification into smokeless tobacco and e-cigarettes.
- Strengthening brand loyalty through marketing initiatives.
- Improving operational efficiency.
Threats
- Increasing excise taxes and regulations on tobacco products.
- Declining cigarette consumption due to health concerns.
- Competition from other tobacco companies.
- Fluctuations in raw material prices.
Competitive Advantages
- Strong brand recognition in Indonesia, particularly for its Gudang Garam and Surya brands.
- Extensive distribution network across Indonesia.
- Established relationships with tobacco farmers and suppliers.
- Experience in manufacturing and marketing clove cigarettes (kretek).
About GGNPF
PT Gudang Garam Tbk, established in 1958 and headquartered in Kediri, Indonesia, is a prominent player in the Indonesian tobacco industry. Founded as PT Perusahaan Rokok Tjap "Gudang Garam" Kediri, the company has evolved into a diversified entity with operations spanning cigarette manufacturing, paperboard production, and investment services. Gudang Garam's core business revolves around the production and sale of cigarettes, encompassing hand-rolled (kretek), machine-made, and klobot clove cigarettes. These products are marketed under well-known brand families such as Gudang Garam Family, Surya Family, and GG Family. The company's geographic reach extends beyond Indonesia, with a presence in international markets. Beyond its primary focus on tobacco, Gudang Garam engages in trading activities, provision of safety protective equipment, investment, construction services, tobacco processing, non-scheduled air transportation, and entertainment services. PT Gudang Garam Tbk is a subsidiary of PT Suryaduta Investama.
What They Do
- Manufactures and sells hand-rolled clove cigarettes (kretek).
- Produces machine-made cigarettes.
- Offers klobot clove cigarettes.
- Markets products under the Gudang Garam Family brand.
- Markets products under the Surya Family brand.
- Markets products under the GG Family brand.
- Engages in trading activities.
- Provides safety protective equipment.
Business Model
- Manufactures and sells cigarettes to distributors and retailers.
- Generates revenue from the sale of cigarettes in Indonesia and internationally.
- Derives income from trading activities.
- Provides tobacco processing services.
Industry Context
The Indonesian tobacco industry is characterized by a mix of traditional and modern manufacturing techniques, with clove cigarettes (kretek) holding a significant market share. The industry faces increasing regulatory scrutiny, including higher excise taxes and stricter advertising regulations. Competition is intense, with both domestic and international players vying for market share. PT Gudang Garam Tbk competes with companies like AVSFY (Altria Group), GNCGY (British American Tobacco), MIOFF (Imperial Brands), NNWWF (Philip Morris International), and PFODF (Japan Tobacco). The industry's growth is influenced by factors such as disposable income, consumer preferences, and government policies.
Key Customers
- Cigarette smokers in Indonesia.
- International consumers of Indonesian cigarettes.
- Distributors and retailers of tobacco products.
- Businesses requiring safety protective equipment.
Financials
Chart & Info
PT Gudang Garam Tbk (GGNPF) stock price: Price data unavailable
Latest News
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Stocks That Hit 52-Week Highs On Tuesday
· Mar 24, 2020
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for GGNPF.
Price Targets
Wall Street price target analysis for GGNPF.
MoonshotScore
What does this score mean?
The MoonshotScore rates GGNPF'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. Details regarding his early career and educational background are not available in the provided data. As a key leader within the Wonowidjojo family, which has a long-standing association with Gudang Garam, Susilo has played a significant role in the company's strategic direction and operational management. He oversees a large workforce of over 28,000 employees.
Track Record: Under Susilo Wonowidjojo's leadership, PT Gudang Garam Tbk has maintained its position as a leading tobacco manufacturer in Indonesia. Specific achievements and strategic decisions directly attributable to his leadership are not detailed in the provided information. However, his role in managing the company's operations and navigating the challenges of the Indonesian tobacco market is evident.
GGNPF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that PT Gudang Garam Tbk (GGNPF) may not meet the minimum financial or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited or no reporting requirements, making it more difficult for investors to obtain reliable information. Unlike stocks listed on major exchanges like the NYSE or NASDAQ, OTC Other stocks often have less stringent listing standards and regulatory oversight.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry and the potential for fraud.
- Low trading volume can lead to price manipulation and difficulty in exiting positions.
- Lack of regulatory oversight exposes investors to higher levels of risk.
- The company may not meet minimum listing standards, raising concerns about its financial health and stability.
- OTC Other stocks are often more susceptible to scams and pump-and-dump schemes.
- Verify the company's registration and legal standing with relevant authorities.
- Attempt to locate and review any available financial statements, even if unaudited.
- Research the background and reputation of the company's management team.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC Other stocks.
- Consult with a financial advisor before making any investment decisions.
- Check for any regulatory actions or legal proceedings involving the company.
- The company has been in operation since 1958, suggesting a long history in the industry.
- PT Gudang Garam Tbk is a subsidiary of PT Suryaduta Investama, indicating some level of corporate structure.
- The company employs a large workforce of over 28,000 people, suggesting a significant operational scale.
GGNPF Consumer Defensive Stock FAQ
What does PT Gudang Garam Tbk do?
PT Gudang Garam Tbk is primarily engaged in the production and sale of cigarettes in Indonesia and internationally. The company offers a variety of cigarette types, including hand-rolled clove cigarettes (kretek), machine-made cigarettes, and klobot clove cigarettes. These products are marketed under brand families such as Gudang Garam Family, Surya Family, and GG Family. In addition to its core cigarette business, the company also participates in trading activities, provides safety protective equipment, and offers tobacco processing services, contributing to a diversified revenue stream within the consumer defensive sector.
What do analysts say about GGNPF stock?
AI analysis is currently pending for GGNPF. Without analyst consensus, key valuation metrics, and growth considerations are not currently available. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions. Factors to consider include the company's financial performance, competitive landscape, and regulatory environment.
What are the main risks for GGNPF?
PT Gudang Garam Tbk faces several risks inherent to the tobacco industry, including increasing excise taxes and regulations, declining cigarette consumption due to health concerns, and intense competition. The Indonesian government's policies on tobacco taxation and advertising can significantly impact the company's profitability. Furthermore, changing consumer preferences towards alternative nicotine products and the rise of anti-smoking campaigns pose ongoing challenges. The company's low profit margin also makes it vulnerable to economic downturns and increased operating costs.
What are the key factors to evaluate for GGNPF?
PT Gudang Garam Tbk (GGNPF) currently holds an AI score of 42/100, indicating low score. Key strength: Strong brand recognition in Indonesia.. Primary risk to monitor: Potential: Increasing excise taxes and regulations on tobacco products in Indonesia and other markets.. This is not financial advice.
How frequently does GGNPF data refresh on this page?
GGNPF prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven GGNPF's recent stock price performance?
Recent price movement in PT Gudang Garam Tbk (GGNPF) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Strong brand recognition in Indonesia.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider GGNPF overvalued or undervalued right now?
Determining whether PT Gudang Garam Tbk (GGNPF) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying GGNPF?
Before investing in PT Gudang Garam Tbk (GGNPF), 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).
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.
- Information is based on limited data sources.
- AI analysis is pending.
- OTC market data may be less reliable than major exchange data.