Valuation PT Gudang Garam Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 11/12/2025			5-day change	1st Jan Change
13,450.00 ^IDR	-2.89%		-10.63%	+1.32%

10-31	PT Gudang Garam Tbk Reports Earnings Results for the Nine Months Ended September 30, 2025	CI
07-29	PT Gudang Garam Tbk Reports Earnings Results for the Half Year Ended June 30, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	78,887,608	58,877,093	34,633,584	39,107,089	25,542,268	25,878,984	-	-
Change	-	-25.37%	-41.18%	12.92%	-34.69%	1.32%	-	-
Enterprise Value (EV) ¹	80,299	64,810	40,363	48,247	31,212	23,188	21,492	18,126
Change	-	-19.29%	-37.72%	19.53%	-35.31%	-25.71%	-7.32%	-15.66%
P/E ratio	10.3x	10.5x	12.5x	7.35x	26x	28.5x	11.5x	12.2x
PBR	1.35x	0.99x	0.6x	0.64x	0.41x	0.42x	0.4x	0.41x
PEG	-	-0.4x	-0.2x	0.1x	-0.3x	-3.86x	0x	-2.17x
Capitalization / Revenue	0.69x	0.47x	0.28x	0.33x	0.26x	0.29x	0.28x	0.28x
EV / Revenue	0.7x	0.52x	0.32x	0.41x	0.32x	0.26x	0.23x	0.2x
EV / EBITDA	6.29x	6.48x	5.99x	4.66x	6.66x	4.07x	2.96x	2.59x
EV / EBIT	7.99x	9.11x	10.7x	6.64x	18.5x	9.88x	6.06x	5.29x
EV / FCF	6.62x	166x	9.08x	-37.4x	9.34x	4.15x	9.35x	8.13x
FCF Yield	15.1%	0.6%	11%	-2.67%	10.7%	24.1%	10.7%	12.3%
Dividend per Share ³	-	2,250	2,250	1,200	-	400.5	930.9	968
Rate of return	-	7.35%	12.5%	5.9%	-	2.98%	6.92%	7.2%
EPS ³	3,975	2,913	1,445	2,767	510	472.3	1,171	1,105
Distribution rate	-	77.2%	156%	43.4%	-	84.8%	79.5%	87.6%
Net sales ¹	114,477	124,881	124,683	118,953	98,655	89,115	91,480	92,795
EBITDA ¹	12,771	10,009	6,743	10,362	4,684	5,704	7,249	7,007
EBIT ¹	10,046	7,113	3,771	7,261	1,689	2,348	3,547	3,424
Net income ¹	7,648	5,605	2,780	5,325	980.8	908.8	2,253	2,126
Net Debt ¹	1,412	5,933	5,729	9,140	5,670	-2,691	-4,387	-7,753
Reference price ³	41,000.00	30,600.00	18,000.00	20,325.00	13,275.00	13,450.00	13,450.00	13,450.00
Nbr of stocks (in thousands)	1,924,088	1,924,088	1,924,088	1,924,088	1,924,088	1,924,088	-	-
Announcement Date	31/03/21	31/03/22	31/03/23	28/03/24	28/03/25	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
PT GUDANG GARAM TBK	29.32x	0.27x	4.2x	2.89%	1.6B
ALTRIA GROUP, INC.	12.05x	5.99x	9.57x	7.1%	98.52B
JAPAN TOBACCO INC.	18.96x	3.21x	10.81x	3.88%	66.06B
ITC LIMITED	24.26x	6.2x	18.35x	3.76%	56.19B
KT&G CORPORATION	15.56x	2.22x	8.85x	4.22%	9.97B
PT HANJAYA MANDALA SAMPOERNA TBK	13.5x	0.71x	8.86x	7.56%	5.2B
RLX TECHNOLOGY INC.	20.74x	1.25x	8.26x	0.51%	2.89B
EASTERN COMPANY S.A.E	11.88x	2.78x	8.7x	7.15%	2.65B
SCANDINAVIAN TOBACCO GROUP A/S	9.65x	1.3x	6.66x	9.38%	1.13B
Average	17.33x	2.66x	9.36x	5.16%	27.13B
Weighted average by Cap.	17.11x	4.87x	11.81x	5.26%