PT Hanjaya Mandala Sampoerna Tbk (PHJMF) Stock Analysis

Why this analysis is different

• A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

PT Hanjaya Mandala Sampoerna Tbk (PHJMF) Consumer Business Overview

PT Hanjaya Mandala Sampoerna Tbk, a subsidiary of Philip Morris Indonesia, manufactures, distributes, and trades cigarettes in Indonesia. With a diverse brand portfolio including Dji Sam Soe and Marlboro, the company maintains a significant market presence in the consumer defensive sector, yielding a 7.59% dividend.

What Is the Investment Thesis for PHJMF?

PT Hanjaya Mandala Sampoerna Tbk presents an investment opportunity within the Indonesian consumer defensive sector. The company's established brand portfolio and extensive distribution network support a stable market position, reflected in its 8.5% profit margin. A P/E ratio of 11.2 suggests a reasonable valuation. The dividend yield of 7.59% offers an attractive income stream for investors. Key growth catalysts include potential expansion within the Indonesian market and diversification into related consumer goods. Potential risks include regulatory pressures on the tobacco industry and evolving consumer preferences. The company's beta of 0.57 indicates lower volatility compared to the broader market.

Based on FMP financials and quantitative analysis

PHJMF Key Highlights

• Market capitalization of $4.65B indicates a substantial presence in the Indonesian market.
• P/E ratio of 11.2 suggests a potentially undervalued investment relative to earnings.
• Profit margin of 8.5% demonstrates the company's ability to generate profit from its sales.
• Gross margin of 26.3% reflects the efficiency of the company's production and distribution processes.
• Dividend yield of 7.59% provides a significant income stream for investors.

Who Are PHJMF's Competitors?

PHJMF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are PHJMF's Key Strengths?

• Strong brand portfolio with established brands.
• Extensive distribution network across Indonesia.
• High market share in the Indonesian cigarette market.
• Subsidiary of Philip Morris International, providing access to global resources and expertise.

What Are PHJMF's Weaknesses?

• Reliance on the Indonesian market, exposing the company to local economic and regulatory risks.
• Exposure to increasing excise taxes and regulations on tobacco products.
• Potential impact from declining smoking rates and changing consumer preferences.
• Dependence on tobacco as the primary raw material.

What Could Drive PHJMF Stock Higher?

• Continued demand for tobacco products in the Indonesian market.
• Strategic partnerships to expand distribution network.
• Potential new product launches in the smokeless tobacco category.
• Government regulations supporting local tobacco industry.
• Cost optimization initiatives to improve profit margins.

What Are the Key Risks for PHJMF?

• Increasing excise taxes on tobacco products in Indonesia.
• Stricter regulations on tobacco advertising and marketing.
• Declining smoking rates and changing consumer preferences.
• Competition from other tobacco companies and alternative nicotine products.
• Currency fluctuations impacting import costs.

What Are the Growth Opportunities for PHJMF?

• Expansion of E-commerce Channels: HMSP can leverage the growing e-commerce market in Indonesia to expand its distribution reach and cater to a younger, tech-savvy consumer base. Investing in online platforms and digital marketing strategies can drive sales growth and enhance brand visibility. The Indonesian e-commerce market is projected to reach $82 billion by 2025, presenting a significant opportunity for HMSP to capture a larger market share.
• Product Diversification: HMSP can diversify its product portfolio beyond traditional cigarettes to include smokeless tobacco products, e-cigarettes, or other related consumer goods. This strategy can help the company mitigate the impact of declining cigarette consumption and cater to evolving consumer preferences. The global smokeless tobacco market is projected to reach $23 billion by 2027, offering a potential avenue for growth.
• Geographic Expansion within Indonesia: While HMSP has a strong presence in Java and other major islands, there are opportunities to expand its distribution network to more remote regions of Indonesia. This can involve partnering with local distributors or establishing new distribution centers to reach underserved markets. Indonesia's diverse geography and population distribution present unique challenges and opportunities for geographic expansion.
• Strategic Partnerships and Acquisitions: HMSP can pursue strategic partnerships or acquisitions to expand its market share, gain access to new technologies, or diversify its product portfolio. Partnering with local players or acquiring smaller competitors can provide a competitive edge and accelerate growth. The Indonesian tobacco market is relatively fragmented, presenting opportunities for consolidation.
• Innovation in Packaging and Branding: HMSP can invest in innovative packaging and branding strategies to differentiate its products and appeal to consumers. This can involve using sustainable packaging materials, developing unique product designs, or launching targeted marketing campaigns. Strong branding and packaging can help HMSP maintain its market position and attract new customers. The global packaging market is increasingly focused on sustainability and innovation.

What Opportunities Does PHJMF Have?

• Expansion into new product categories, such as smokeless tobacco or e-cigarettes.
• Growth in emerging markets with increasing disposable incomes.
• Strategic partnerships or acquisitions to expand market share.
• Leveraging e-commerce channels to reach a wider consumer base.

What Threats Does PHJMF Face?

• Increasingly stringent regulations on tobacco advertising and marketing.
• Rising excise taxes on tobacco products.
• Growing health awareness campaigns and anti-smoking initiatives.
• Competition from other tobacco companies and alternative nicotine products.

What Are PHJMF's Competitive Advantages?

• Strong brand recognition with established brands like Dji Sam Soe and Marlboro.
• Extensive distribution network throughout Indonesia.
• Established relationships with suppliers and distributors.
• Economies of scale in manufacturing and distribution.

What Does PHJMF Do?

PT Hanjaya Mandala Sampoerna Tbk (HMSP) was founded in 1913 and has grown to become one of the largest tobacco companies in Indonesia. The company's core business is the manufacture, distribution, and trading of cigarettes, with a diverse portfolio of brands catering to various consumer preferences. These brands include Dji Sam Soe Magnum, Sampoerna Kretek, Sampoerna A, Philip Morris, and Marlboro Filter Black. Beyond its primary focus on cigarettes, HMSP also engages in general trading, property development, expedition and warehousing businesses, and e-commerce activities, showcasing a diversified approach to revenue generation. Headquartered in Surabaya, Indonesia, HMSP operates with a workforce of over 20,000 employees and is a subsidiary of PT Philip Morris Indonesia. The company's extensive distribution network ensures its products reach a wide consumer base across the Indonesian archipelago. HMSP's long history and strong brand recognition have solidified its position in the Indonesian tobacco market.

What Products and Services Does PHJMF Offer?

• Manufactures a wide range of cigarettes, including kretek and white cigarettes.
• Distributes cigarettes throughout Indonesia via an extensive network.
• Markets its products under well-known brands such as Dji Sam Soe and Marlboro.
• Engages in general trading activities.
• Participates in property development projects.
• Provides expedition and warehousing services.
• Operates in the e-commerce sector.

How Does PHJMF Make Money?

• Manufactures cigarettes using tobacco and other raw materials.
• Distributes cigarettes through a network of distributors and retailers.
• Generates revenue from the sale of cigarettes and other related products.
• Invests in branding and marketing to maintain brand recognition and loyalty.

What Industry Does PHJMF Operate In?

PT Hanjaya Mandala Sampoerna Tbk operates within the Indonesian tobacco industry, a significant sector within the consumer defensive market. The industry is characterized by strong local players and the presence of multinational corporations. Changing consumer preferences and increasing regulatory scrutiny pose ongoing challenges. Sampoerna competes with companies like AXFOY (Altria Group), CFEIY (Imperial Brands), CHPFF (ITC Ltd), CPOUF (Japan Tobacco), and CUYTF (British American Tobacco). The Indonesian tobacco market is influenced by factors such as excise taxes, health awareness campaigns, and the prevalence of traditional smoking habits.

Who Are PHJMF's Key Customers?

• Adult smokers in Indonesia.
• Retailers and distributors who sell HMSP's products.
• Consumers of general trading, property, and e-commerce services.

F-Score 6/9Financial Health

PT Hanjaya Mandala Sampoerna Tbk's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 4.70 places it in the safe zone, indicating low near-term bankruptcy risk.

ROE 25%Key Financial Metrics

Return on equity for PT Hanjaya Mandala Sampoerna Tbk stands at 24.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 13.0%, showing how much profit it generates from its asset base. PHJMF trades at a trailing price-to-earnings ratio of 11.21, below the Consumer Defensive sector average of ~28x. Its free cash flow yield is 13.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.96 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 8.9%, the inverse of the P/E and a quick read on earnings relative to price.

PT Hanjaya Mandala Sampoerna Tbk (PHJMF) Valuation Context

Valued at $4.65B, PHJMF is classified as a mid-cap stock. Relative to its peer group, PHJMF's quantitative score of 39/100 is roughly in line with the peer average of 46/100.

FY2026 estForward Outlook

Wall Street analysts project PT Hanjaya Mandala Sampoerna Tbk revenue of about $107.13T for fiscal 2026, with EPS near $67.26. The estimate reflects 6 contributing analysts.

PHJMF Financials

PHJMF Latest News

PHJMF Analyst Consensus

PHJMF MoonshotScore

PT Hanjaya Mandala Sampoerna Tbk Consumer Defensive Stock: Key Questions Answered

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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