Gajah Tunggal Tbk

gjtl

Overview

GJTL Overview

PT Gajah Tunggal Tbk is an Indonesia-based integrated tire manufacturer. The Company produces and distributes tires for passenger car, sport utility vehicles (SUVs), commercial, off-the-road, industrial and motorcycles. It also manufactures and distributes other rubber related products, such as synthetic rubber, tire cords, inner tube, flap, o-ring and others. The Company owns and operates an integrated tire manufacturing facility in Indonesia. The Company’s products include GT LUG, GT MAX TRACTION, GT MUD TRACTION, GT SUPER, GT SUPER 88, GT SUPER 88N and GT SUPER GRIP. The Company’s installed production capacity for passenger car radial tires (PCR), TBR tires, bias tires and motorcycle tires 45,500, 2,300, 13,000 and 83,000 tires per day respectively.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: GJTL

Main
Market Cap.
IDR 4.53Trillion

~$288.29M USD

Industry
Auto Components
Sub-Industry
Tires
Sector
Consumer Cyclicals

Valuation

GJTL Valuation Metrics

1,300

IDR

Closing Price on 2024-04-05

Price to Equity

6.59

P/E

At 6.59x P/E TTM, GJTL.JK is trading in line with its peers in the Automobiles & Components sector.

Price to Book

0.58

P/B

At 0.58x P/B TTM, GJTL.JK is trading at a discount to its peers in the Automobiles & Components sector.

Price to Sales

0.27

P/S

At 0.27x P/S TTM, GJTL.JK is trading at a discount to its peers in the Automobiles & Components sector.

Valuing Gajah Tunggal Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Automobiles & Components sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Gajah Tunggal Tbk relative to other stocks in the Automobiles & Components sector

Price/Cash Flow
3.48x
Price/Forward Earnings
5.68x
Enterprise Value/Revenue
0.51x
Enterprise Value/EBITDA
5.32x
PEG Ratio
0.02x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of GJTL 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 6.59x is below the ID market average of 8.22x but is trading in a P/E range similar to its peers in the Automobiles & Components sector (6.92x).
Max 3
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 0.58x is similar to the peers average of 0.83x in the Automobiles & Components sector.
Max 3
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 0.27x is below the peers average of 0.92x in the Automobiles & Components sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of GJTL's valuation relative to its current sales and future earnings growth. GJTL trades at a Forward P/E ratio of 5.68x, which is considered fairly undervalued by analysts. ●●
Max 2
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. GJTL's P/CF ratio of 3.48x is considered healthy by analysts.●●
Max 2
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. GJTL's EV/R ratio of 0.51x is considered extremely underpriced by the market The average EV/R ratio for the Automobiles & Components sector is 0.93x. ●●●
Max 3

Peers

GJTL 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
MASAMultistrada Arah Sarana Tbk54.91T7.51T 7.08T 0.87T 62.989.41
FILMPT MD Pictures Tbk.45.84T1.71T 0.35T 0.09T 495.5928.31
MSINPT MNC Digital Entertainment Tbk35.19T6.80T 2.97T 0.21T 171.186.14
MAPIMitra Adiperkasa Tbk31.26T24.58T 32.43T 2.10T 14.873.27
MAPAPT MAP Aktif Adiperkasa Tbk.28.93T9.24T 12.56T 1.41T 20.545.44
CNMAPT Nusantara Sejahtera Raya Tbk19.84T7.08T 0.88T -0.02T -811.294.46
ACESAce Hardware Indonesia Tbk16.26T7.43T 7.36T 0.80T 20.372.78
SMSMSelamat Sempurna Tbk11.20T4.52T 5.01T 0.90T 12.393.57
TRIOTrikomsel Oke Tbk11.08T0.09T 0.68T -0.11T -99.53-3.05
AUTOAstra Otoparts Tbk10.65T19.79T 19.17T 1.81T 5.900.83
Competitiveness Recap of GJTL stock
WeightNotesScore
High
At a market cap of IDR 4,529.73 billion, GJTL.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of 6.59, GJTL.JK ranks 8 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -10.63 (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 Consumer Cyclicals. In this regard, it trails behind sector leaders such as PT MD Pictures Tbk. (495.59) in the Consumer Cyclicals sector.
Max 2
Medium
At a PE of 6.59, GJTL.JK is trading at a lower PE than that of its subsector peers in Automobiles & Components (median of 6.92). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 16.99 trillion, GJTL.JK ranks 2 in Revenue out of 10 companies in the Consumer Cyclicals sector.●●
Max 2
Medium
At a profit of IDR 0.69 trillion, GJTL.JK ranks 6 in Profit out of 10 companies in the Consumer Cyclicals sector.
Max 2

Future

Future Growth of GJTL

Growth Forecasts

Sector Revenue Growth
+1.2%
Automobiles & Components
Indonesia Market Growth
+12.0%
IDX overall growth
Automobiles & Components Sector Revenue Growth '24
+13.9%
Consumer Cyclicals Sector Revenue Growth '24
+33.1%

Sector Benchmark

Automobiles & Components companies in Indonesia are growing at a projected rate of 1.21% against the IDX average of +12.0%.

Automobiles & Components sector overview

GJTL Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of GJTL
WeightNotesScore
High
GJTL's projected growth rate of 1.21% is below the ID market average of 11.98%.●●●
Max 3
High
The Automobiles & Components sub-sector is projected to grow revenue by 13.89% in 2024. This number is higher than the previous year 2023's growth rate of 0.77%. This bodes well for GJTL's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Automobiles & Components sub-sector is projected to increase earnings by 43.74% in 2024. This number is higher than the previous year 2023's EPS growth of 32.27%. This bodes well for GJTL's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
GJTL and its peers in the Automobiles & Components sub-sector belongs to the Consumer Cyclicals sector. Companies in the Consumer Cyclicals sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 21.68% in 2024 while revenue growth is projected to increase by 33.11%. These macroeconomic trends will likely be a tailwind for GJTL's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Sugeng Rahardjo15.2 years

Vice President Director

Budhi Santoso Tanasaleh15.4 years
Kisyuwono
Director
Hendra Soerijadi
Director
Hui Chee Teck
Director
Tan Yee Sin
Director
Ferry Lawrentius Hollen
Director
Jahja
Director
NamePositionShares%
KisyuwonoDirector200,000< 0.01
Lei Huai ChinCommissioner4,500< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

GJTL Ownership

Others
33.56%
Insiders
64.85%
Institutions
1.59%
NameNumber of SharesOwnership (%)Value
Denham Pte Ltd1,724,972,44349.52,242.46B
Public (Scripless)1,218,400,44334.961,583.92B
Compagnie Financiere Michelin Scma348,480,00010453.02B
Drs. Lo Kheng Hong175,563,8005.04228.23B
Public (Scrip)16,787,4140.4821.82B
Kisyuwono200,0000.010.26B
Treasury Stock391,4000.010.51B

Largest Institutional Buy

No data is available for GJTL at the moment.

Largest Institutional Sell

Mackenzie Investments
Sold 31-12-2023
-1,887,846 shares
Dimensional Fund Advisors LP
Sold 31-12-2023
-271,629 shares

Institutional Transactions

Tracking institutional transactions buying / selling of GJTL stock