GGRM Relative Valuation - Gudang Garam Tbk PT - Alpha Spread

Gudang Garam Tbk PT
IDX:GGRM

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Gudang Garam Tbk PT
IDX:GGRM
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Price: 16 500 IDR 5.6% Market Closed
Market Cap: 31.7T IDR
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Relative Value

The Relative Value of one GGRM stock under the Base Case scenario is 32 682.35 IDR. Compared to the current market price of 16 500 IDR, Gudang Garam Tbk PT is Undervalued by 50%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

GGRM Relative Value
Base Case
32 682.35 IDR
Undervaluation 50%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
95
vs Industry
81
Median 3Y
0.4
Median 5Y
0.5
Industry
1.4
Forward
0.3
vs History
34
vs Industry
56
Median 3Y
10.3
Median 5Y
9.7
Industry
12.6
Forward
6.6
vs History
92
vs Industry
34
Median 3Y
6.6
Median 5Y
6.9
Industry
9
vs History
53
vs Industry
38
Median 3Y
14.6
Median 5Y
14.2
Industry
12
vs History
96
vs Industry
60
Median 3Y
0.8
Median 5Y
1
Industry
1.7
vs History
95
vs Industry
79
Median 3Y
0.4
Median 5Y
0.5
Industry
1.4
Forward
0.3
vs History
93
vs Industry
62
Median 3Y
3.6
Median 5Y
3.8
Industry
4.4
vs History
42
vs Industry
34
Median 3Y
8.1
Median 5Y
7.5
Industry
7.4
Forward
3.6
vs History
42
vs Industry
43
Median 3Y
8.1
Median 5Y
7.5
Industry
8.4
Forward
5.6
vs History
92
vs Industry
29
Median 3Y
6.6
Median 5Y
6.9
Industry
9.7
vs History
58
vs Industry
100
Median 3Y
8.5
Median 5Y
10.8
Industry
12.1
vs History
96
vs Industry
76
Median 3Y
0.6
Median 5Y
0.7
Industry
1.7

Multiples Across Competitors

GGRM Competitors Multiples
Gudang Garam Tbk PT Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
ID
Gudang Garam Tbk PT
IDX:GGRM
31.7T IDR 0.3 10.7 8.1 8.1
US
Philip Morris International Inc
NYSE:PM
188.1B USD 5.2 21.5 15.6 16.7
US
Altria Group Inc
NYSE:MO
87.5B USD 3.6 8.6 9.2 9.5
UK
British American Tobacco PLC
LSE:BATS
63.2B GBP 2.4 -4.6 2.2 8.2
IN
ITC Ltd
NSE:ITC
6.4T INR 8.2 31.5 23.7 25.4
JP
Japan Tobacco Inc
TSE:2914
7.4T JPY 2.5 14.8 8.5 10.8
UK
Imperial Brands PLC
LSE:IMB
19B GBP 0.6 9.1 6.4 7.6
SE
Swedish Match AB
F:SWMC
15.2B EUR 8.2 27 21.1 21.1
KR
KT&G Corp
KRX:033780
12.1T KRW 2.1 11.8 7.9 9.5
CN
Smoore International Holdings Ltd
HKEX:6969
64.3B HKD 5.3 36.2 21.8 21.8
ID
Hanjaya Mandala Sampoerna Tbk PT
IDX:HMSP
90.7T IDR 0.8 11.8 10.2 10.2

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