PT Gudang Garam Tbk Company Profile and SWOT Analysis - PDF by ICDResearch

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									PT Gudang Garam Tbk

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PT Gudang Garam Tbk                                                             Financial Snapshot

                                                                                Operating Performance
Fast Facts
                                     Semampir Street II/1, Kediri, East Java,   The company reported revenue of US$4,131.48
Headquarters Address
                                     64121,Indonesia                            million during the fiscal year 2010 (2010). The
                                                                                company's revenue grew at a CAGR of 9.52% during
Telephone                            + 62 354 682091
                                                                                2006–2010, with an annual growth of 30.67% over
                                                                                2009. In 2010, the company recorded an operating
Fax                                  + 62 354 681555                            margin of 15.54%, as against 15.79% in 2009.

Website                              www.gudanggaramtbk.com
                                                                                Revenue and Margins
Ticker Symbol, Stock Exchange        GGRM, Indonesia Stock Exchange

Number of Employees                  46,387

Fiscal Year End                      December

Revenue (in US$ million)             4,131.48

Revenue (in IDR million)             37,691,997.00




SWOT Analysis                                                                   Return on Equity

Strengths                            Weaknesses                                 The company recorded a return on equity (ROE) of
                                                                                19.56% for 2010, as compared to its peers, British
                                     Below-par performance vis-à-vis the        American Tobacco (Malaysia) Berhad (Ticker: BAT),
Strong liquidity position
                                     peers                                      PT Hanjaya Mandala Sampoerna Tbk. (Ticker:
                                                                                HMSP) and PT Bentoel International Investama
Strong operating margin                                                         (Ticker: RMBA), which recorded ROEs of 149.08%,
                                                                                62.87% and 10.27% respectively. The company
Wide product portfolio                                                          reported an operating margin of 15.54% in 2010.


Opportunities                        Threats                                    Return on Equity

Expanding smokeless tobacco market Consolidation of tobacco industry

Growing global tobacco market        Increasing sales of imitative products

Recovering economy                   Stringent regulations




                                                                                Liquidity Position

                                                                                The company reported a current ratio of 2.70 in 2010,
                                                                                as compared to its peers, British American Tobacco
                                                                                (Malaysia) Berhad, PT Hanjaya Mandala Sampoerna
                                                                                Tbk. and PT Bentoel International Investama, which
                                                                                recorded current ratios of 1.91, 1.61 and 2.50
                                                                                respectively. As of December 2010, the company
                                                                                recorded cash and short-term investments of worth
                                                                                US$136.93 million, against zero current debt. The
                                                                                company reported a debt to equity ratio of 0.13 in
                                                                                2010 as compared to its peers, British American
                                                                                Tobacco (Malaysia) Berhad, PT Hanjaya Mandala
                                                                                Sampoerna Tbk. and PT Bentoel International
                                                                                Investama, which recorded debt to equity ratios of
                                                                                1.33, 0.01 and 0.79 respectively.




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PT Gudang Garam Tbk - SWOT Profile                                                                                     Page 1
PT Gudang Garam Tbk

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Operational Efficiency ......................................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................15
      2.3.2       Efficiency .....................................................................................................................
								
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