Financials PT Gudang Garam Tbk Deutsche Boerse AG

Equities

GGG

ID1000068604

Tobacco

Delayed Deutsche Boerse AG 11:34:56 16/05/2024 am IST 5-day change 1st Jan Change
0.995 EUR +1.02% Intraday chart for PT Gudang Garam Tbk +5.85% -9.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,19,76,664 7,88,87,608 5,88,77,093 3,46,33,584 3,91,07,089 3,59,80,446 - -
Enterprise Value (EV) 2 1,15,818 80,299 64,810 40,363 39,107 39,534 39,510 35,980
P/E ratio 9.37 x 10.3 x 10.5 x 12.5 x 7.35 x 7.11 x 6.18 x 9.35 x
Yield 4.91% - 7.35% 12.5% - 7.21% 6.4% 5.39%
Capitalization / Revenue 0.92 x 0.69 x 0.47 x 0.28 x 0.33 x 0.31 x 0.28 x 0.28 x
EV / Revenue 1.05 x 0.7 x 0.52 x 0.32 x 0.33 x 0.34 x 0.31 x 0.28 x
EV / EBITDA 6.58 x 6.29 x 6.48 x 5.99 x 3.77 x 3.68 x 3.49 x 4.51 x
EV / FCF 18.7 x 6.62 x 166 x 9.08 x - 6.69 x 12.2 x 8.26 x
FCF Yield 5.34% 15.1% 0.6% 11% - 14.9% 8.16% 12.1%
Price to Book 2 x 1.35 x 0.99 x 0.6 x - 0.57 x 0.55 x 0.55 x
Nbr of stocks (in thousands) 19,24,088 19,24,088 19,24,088 19,24,088 19,24,088 19,24,088 - -
Reference price 3 53,000 41,000 30,600 18,000 20,325 18,700 18,700 18,700
Announcement Date 30/03/20 31/03/21 31/03/22 31/03/23 28/03/24 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,10,524 1,14,477 1,24,881 1,24,683 1,18,953 1,14,596 1,28,220 1,28,284
EBITDA 1 17,603 12,771 10,009 6,743 10,362 10,730 11,305 7,971
EBIT 1 15,073 10,046 7,113 3,771 7,261 7,162 7,927 4,967
Operating Margin 13.64% 8.78% 5.7% 3.02% 6.1% 6.25% 6.18% 3.87%
Earnings before Tax (EBT) 1 14,488 9,663 7,287 3,647 6,861 6,853 7,795 4,952
Net income 1 10,881 7,648 5,605 2,780 5,325 5,115 5,853 4,457
Net margin 9.84% 6.68% 4.49% 2.23% 4.48% 4.46% 4.57% 3.47%
EPS 2 5,655 3,975 2,913 1,445 2,767 2,629 3,027 2,001
Free Cash Flow 3 61,87,576 1,21,26,298 3,90,595 44,44,108 - 59,05,168 32,25,307 43,57,821
FCF margin 5,598.41% 10,592.75% 312.77% 3,564.33% - 5,153.04% 2,515.45% 3,397%
FCF Conversion (EBITDA) 35,151.36% 94,948.24% 3,902.36% 65,904.7% - 55,033.52% 28,530.46% 54,671.05%
FCF Conversion (Net income) 56,867.44% 1,58,560.85% 6,968.3% 1,59,875.01% - 1,15,438.11% 55,102.01% 97,776.02%
Dividend per Share 2 2,600 - 2,250 2,250 - 1,349 1,196 1,008
Announcement Date 30/03/20 31/03/21 31/03/22 31/03/23 28/03/24 - - -
1IDR in Billions2IDR3IDR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2023 Q2 2023 S1 2023 Q4
Net sales 1 31,484 26,120 55,851 37,204
EBITDA - - - -
EBIT 1 2,334 - - 1,282
Operating Margin 7.41% - - 3.45%
Earnings before Tax (EBT) - - - -
Net income 1 - 1,325 3,288 867.3
Net margin - 5.07% 5.89% 2.33%
EPS - - - -
Dividend per Share - - - -
Announcement Date 29/10/21 31/07/23 31/07/23 28/03/24
1IDR in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,841 1,412 5,933 5,729 - 3,554 3,529 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.7863 x 0.1105 x 0.5928 x 0.8497 x - 0.3312 x 0.3122 x -
Free Cash Flow 2 61,87,576 1,21,26,298 3,90,595 44,44,108 - 59,05,168 32,25,307 43,57,821
ROE (net income / shareholders' equity) 22.7% 14% 9.52% 4.75% - 8.82% 9.09% 5.89%
ROA (Net income/ Total Assets) 14.7% 9.75% 6.67% 3.11% - 6.35% 6.34% 4.46%
Assets 1 73,872 78,419 84,078 89,264 - 80,522 92,263 99,931
Book Value Per Share 3 26,470 30,416 30,814 30,069 - 32,677 34,093 33,827
Cash Flow per Share 5,808 9,084 2,768 5,129 - - - -
Capex 1 4,987 5,351 4,935 5,424 - 5,431 5,332 4,354
Capex / Sales 4.51% 4.67% 3.95% 4.35% - 4.74% 4.16% 3.39%
Announcement Date 30/03/20 31/03/21 31/03/22 31/03/23 28/03/24 - - -
1IDR in Billions2IDR in Million3IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
18,700 IDR
Average target price
23,318 IDR
Spread / Average Target
+24.70%
Consensus

Quarterly revenue - Rate of surprise

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