PT Gudang Garam Tbk (GGNPF) Stock Analysis
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 (GGNPF) trades at $0.90 with AI Score 42/100 (Grade C). PT Gudang Garam Tbk is an Indonesian tobacco company producing and selling various types of cigarettes, including hand-rolled, machine-made, and… Market cap: $1.73B, Sector: Consumer defensive.
Price as of Aug 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for GGNPF: GGNPF 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 GGNPF against Consumer Defensive peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
GGNPF: the 3 scored disciplines are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →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 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.
What Is the Investment Thesis for GGNPF?
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 10.5 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
GGNPF Key Highlights
Market capitalization of $1.73B reflects its position as a major player in the Indonesian tobacco market.
- P/E ratio of 10.5 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.
Who Are GGNPF's Competitors?
GGNPF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AVSFY AVI Limited | $25.00 | +0.00% | $1.67B | 48 |
| GNCGY Greencore Group plc | $14.00 | +0.00% | $1.75B | 47 |
| MIOFF Milbon Co., Ltd. | $52.60 | +0.00% | $1.71B | 58 |
| NNWWF The North West Company Inc. | $35.29 | +0.00% | $1.67B | 50 |
| PFODF Premier Foods plc | $2.48 | +0.00% | $2.14B | 48 |
| PHPMF Philip Morris CR a.s. | $910.00 | +0.00% | $1.74B | 51 |
| TPB Turning Point Brands, Inc. | $87.69 | -0.65% | $1.70B | 55 |
| GDNGY PT Gudang Garam Tbk | $4.52 | +0.00% | $2.17B | 42 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GGNPF's Key Strengths?
Strong brand recognition in Indonesia.
- Extensive distribution network.
- Experience in clove cigarette (kretek) manufacturing.
- Established relationships with suppliers.
What Are GGNPF's Weaknesses?
High dependence on the Indonesian market.
- Vulnerability to increasing excise taxes and regulations.
- Limited presence in international markets.
- Low profit margin.
What Could Drive GGNPF Stock Higher?
Potential changes in Indonesian tobacco excise tax policies could impact profitability.
- Shifts in consumer preferences towards alternative nicotine products.
- Expansion into new international markets, particularly in Southeast Asia.
- Development and launch of new cigarette brands or product variations.
- Strategic partnerships or acquisitions to expand market share or product offerings.
What Are the Key Risks for GGNPF?
Increasing excise taxes and regulations on tobacco products in Indonesia and other markets.
- Declining cigarette consumption due to health concerns and anti-smoking campaigns.
- Competition from other tobacco companies, both domestic and international.
- Fluctuations in raw material prices, particularly tobacco leaf.
- The company's low profit margin of 1.2% indicates vulnerability to economic downturns or increased costs.
What Are the Growth Opportunities for GGNPF?
- 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.
What Are GGNPF's 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).
What Does GGNPF Do?
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 Products and Services Does GGNPF Offer?
- 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.
How Does GGNPF Make Money?
- 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.
What Industry Does GGNPF Operate In?
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.
Who Are GGNPF's Key Customers?
- Cigarette smokers in Indonesia.
- International consumers of Indonesian cigarettes.
- Distributors and retailers of tobacco products.
- Businesses requiring safety protective equipment.
Forward Outlook
Wall Street analysts project PT Gudang Garam Tbk revenue of about $77.46T for fiscal 2026, with EPS near $2029.90. The estimate reflects 7 contributing analysts.
Financial 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 4.30 places it in the safe zone, indicating low near-term bankruptcy risk.
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. GGNPF trades at a trailing price-to-earnings ratio of 10.46, below the Consumer Defensive sector average of ~28x. 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.
PT Gudang Garam Tbk (GGNPF) Valuation Context
Valued at $1.73B, GGNPF is classified as a small-cap stock. Relative to its peer group, GGNPF's quantitative score of 42/100 is roughly in line with the peer average of 50/100.
Company Profile
PT Gudang Garam Tbk operates in the Tobacco industry within the Consumer Defensive sector. It is headquartered in Kediri, ID. The company is led by CEO Susilo Wonowidjojo. GGNPF has traded publicly since 2009.
GGNPF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying activity suggests confidence in the company's future prospects, indicating alignment between management and shareholders.
- The community sentiment appears optimistic, with many traders discussing potential long-term value in the stock.
- Market perception suggests the company is weathering current economic headwinds relatively well compared to its peers.
- Positive community discussion around potential expansion into new markets signals growth opportunities.
Bear Case
- Bearish community views highlight concerns about increasing competition within the Indonesian tobacco market.
- Recent market developments indicate potential regulatory challenges that could impact the company's profitability.
- Negative sentiment revolves around the company's ability to adapt to changing consumer preferences, particularly among younger demographics.
- Some traders express concern about the company's reliance on a single product category, potentially limiting growth potential.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
GGNPF Latest News
No recent news available for GGNPF.
GGNPF 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.
GGNPF MoonshotScore
What does this score mean?
The MoonshotScore rates GGNPF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
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
- 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 the AI Score mean for GGNPF?
GGNPF holds an AI Score of 42/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. 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 …
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.
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.
What are the key factors to evaluate for GGNPF?
PT Gudang Garam Tbk (GGNPF) holds an AI score of 42/100 (low). P/E: 10.5x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does GGNPF data refresh on this page?
GGNPF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven GGNPF's recent stock price performance?
PT Gudang Garam Tbk (GGNPF) 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 GGNPF overvalued or undervalued right now?
PT Gudang Garam Tbk (GGNPF) trades at 10.5x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research GGNPF before investing?
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) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding GGNPF to a portfolio?
Key strength of PT Gudang Garam Tbk (GGNPF): 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.
- Information is based on limited data sources.
- AI analysis is pending.
- OTC market data may be less reliable than major exchange data.