PT Gunung Raja Paksi Tbk.

Overview

GGRP Overview

PT Gunung Raja Paksi Tbk is an Indonesia-based iron and steel company. The Company’s operating segments are based on the types of products consisting of steel sheets and steel bars. Its production products consist of various sizes according to international standards and include all kinds of structural parts, profiles and reinforcement rods. The Company’s flat products have various end products covering all types of hot and cold plates, hot and cold rolled coils, as well as various types of downstream plates and other coils. Its available products include Welded Beam, Cut to Shape, Beam Box, Cell Beam, Honeycomb, UNP, L-Angle, Angle (HR), Cell Form, Channel (UNP), H-Beam (HR), King Cross, Queen Cross, T-Beam, Wide Flange Beam (IWF), Equal Angle, Lipped Channel, Rectangular Hollow Section, Square Hollow Section, Unequal Angle, ERW Pipe and Expanded Mesh, and Coil Plate. The Company offers plate, steel, forming and coil services centers.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: GGRP

Watchlist
Market Cap.
IDR 6.90Trillion

~$423.89M USD

Industry
Metals & Minerals
Sub-Industry
Iron & Steel
Sector
Basic Materials
Sub-Sector

Valuation

GGRP Valuation Metrics

570

IDR
-3.4%

Closing Price on 2024-07-19

Price to Equity

9.27

P/E

At 9.27x P/E TTM, GGRP.JK is trading at a premium to its peers in the Basic Materials sector (avg 7.9x).

Price to Book

0.51

P/B

At 0.51x P/B TTM, GGRP.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.67

P/S

At 0.67x P/S TTM, GGRP.JK is trading in line with its peers in the Basic Materials sector.

Valuing PT Gunung Raja Paksi Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Gunung Raja Paksi Tbk. relative to other stocks in the Basic Materials sector

Price/Cash Flow4.63x
Price/Forward Earnings-
Enterprise Value/Revenue0.68x
Enterprise Value/EBITDA6.89x
PEG Ratio0.05x

Intrinsic Value

Last closing: IDR5702024-07-19
IDR 648.44

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of GGRP is IDR648, which is 15% higher than GGRP's last closing price of IDR570 (as of 2024-07-19).

Valuation Recap of GGRP stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 9.27x is above the ID market average of 8.44x and is trading at a premium to peers in the Basic Materials sector (7.87x).

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 0.51x is similar to the peers average of 0.75x in the Basic Materials sector.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 0.67x is similar to the peers average of 0.78x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of GGRP's valuation relative to its current sales and future earnings growth.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. GGRP's P/CF ratio of 4.63x is considered healthy by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. GGRP's EV/R ratio of 0.68x is considered extremely underpriced by the market. The average EV/R ratio for the Basic Materials sector is 1.12x.

Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of GGRP is IDR 648.44, which is 15% higher than GGRP's last closing price of IDR 570.00.

Peers

GGRP Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
TPIAPT Chandra Asri Pacific Tbk819.70T85.40T 32.94T -1.18T -697.2019.04
AMMNPT Amman Mineral Internasional Tbk.815.83T156.74T 23.23T 4.99T 163.6110.99
BRPTBarito Pacific Tbk101.21T159.72T 42.22T 0.17T 584.883.73
MBMAPT Merdeka Battery Materials Tbk66.96T52.49T 16.68T 0.14T 489.882.74
NCKLPT Trimegah Bangun Persada Tbk.58.68T48.39T 19.65T 3.88T 15.142.36
MDKAPT Merdeka Copper Gold Tbk.57.11T78.26T 31.60T -0.59T -97.013.74
INKPIndah Kiat Pulp & Paper Tbk46.50T164.67T 49.97T 6.33T 7.340.48
INCOVale Indonesia Tbk40.37T45.32T 19.09T 4.25T 9.501.02
ANTMAneka Tambang Tbk.33.04T41.21T 38.08T 1.65T 19.991.07
BRMSBumi Resources Minerals Tbk22.40T17.90T 0.74T 0.19T 121.031.19
Competitiveness Recap of GGRP stock
WeightNotesScore
High
At a market cap of IDR 6,903.50 billion, GGRP.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 9.27, GGRP.JK ranks 7 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 50.54 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Basic Materials. In this regard, it trails behind sector leaders such as Barito Pacific Tbk (584.88) in the Basic Materials sector.

Medium
At a PE of 9.27, GGRP.JK is trading at a higher PE than that of its subsector peers in Basic Materials (median of 7.87). false

Medium
At a revenue of IDR 10.26 trillion, GGRP.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.74 trillion, GGRP.JK ranks 6 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of GGRP

Growth Forecasts

Analyst Ratings

Based on ratings from 12 analysts for GGRP over the past 3 months.

Strong Buy

Strong Buy

66.7%

Buy

16.7%

Hold

8.3%

Sell

0.0%

Strong Sell

8.3%

Last Update: 2024-06-28

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 16.97% against the IDX average of +13.8%.

Basic Materials sector overview
No data is available for GGRP at the moment.
Future growth prospect of GGRP
WeightNotesScore
High
GGRP's projected growth rate of 16.97% is above the ID market average of 13.82%.

High
The Basic Materials sub-sector is projected to grow revenue by 18.57% in 2025. This number is higher than the previous year 2024's growth rate of 14.72%. This bodes well for GGRP's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -161.49% in 2025. This number is lower than the previous year 2024's EPS growth of -94.01%. false

Medium
GGRP and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -161.49% in 2025 while revenue growth is projected to increase by 18.57%. These macroeconomic trends will likely be a headwind for GGRP's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of GGRP

Oscillators

Neutral

Sell

1

Neutral

9

Buy

1

Summary

Buy

Sell

2

Neutral

11

Buy

13

Moving Averages

Strong Buy

Sell

1

Neutral

2

Buy

12

Summary

Technical Ratings of GGRP
IndicatorSummarySellNeutralBuy
SummaryBuy21113
OscillatorsNeutral191
Moving AveragesStrong Buy1212

Last Update: 2024-07-19

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Management

Executive Management

President Director

Fedaus15.2 years
Biplab Kumar DuttaDirector
RoymondDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for GGRP at the moment.

Ownership

GGRP Ownership

NameNumber of SharesOwnership (%)Value
Pt Apollo Visintama Putra2,345,623,00019.371,337.01B
Kamaruddin2,069,685,00017.091,179.72B
Dr. Chairuddin2,023,692,00016.711,153.50B
Pt Gunung Garuda1,681,887,35713.89958.68B
Public (Scripless)1,174,298,6009.7669.35B
Suliana Taniwan976,450,2008.06556.58B
Fihahati Taniwan919,860,0007.6524.32B
Edward Hasan459,930,0003.8262.16B
Richie Leroy Hasan459,930,0003.8262.16B

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

The ESG Risk Ratings measure GGRP's exposure to industry-specific material ESG risks and how well GGRP is managing those risks.

ESG Risk Rating

10
20
30
40
0
100

37.1

High Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Steel Peers

1st rank = lowest risk

71

/ 162 peers worldwide

Global ESG Risk Ranking

14,420

/ 16,216 all companies worldwide

Top Material ESG Issues

  • Carbon - Own Operations
  • Occupational Health and Safety
  • Community Relations
  • Emissions, Effluents and Waste

Last Full Update: 2023-10-30

Last Update: 2024-05-23

Source: Sustainalytics, Inc.

GGRP Filings

No noteworthy filings to report on

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