Tiger Brands Future Growth

Future criteria checks 2/6

Tiger Brands is forecast to grow earnings and revenue by 5.9% and 5.8% per annum respectively. EPS is expected to grow by 7.7% per annum. Return on equity is forecast to be 16.7% in 3 years.

Key information

5.9%

Earnings growth rate

7.7%

EPS growth rate

Food earnings growth	10.2%
Revenue growth rate	5.8%
Future return on equity	16.7%
Analyst coverage	Low
Last updated	27 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:UG5A - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	42,829	3,311	N/A	3,466	4
9/30/2025	40,282	3,065	N/A	3,173	4
9/30/2024	37,901	2,984	N/A	3,447	4
3/31/2024	37,238	2,818	1,066	2,234	N/A
12/31/2023	37,313	2,758	894	2,084	N/A
9/30/2023	37,389	2,697	721	1,934	N/A
6/30/2023	37,020	2,759	638	1,789	N/A
3/31/2023	36,651	2,820	555	1,617	N/A
12/31/2022	35,340	2,842	792	1,825	N/A
9/30/2022	34,029	2,865	1,029	2,033	N/A
3/31/2022	31,267	1,737	1,290	2,342	N/A
12/31/2021	31,110	1,755	1,815	2,820	N/A
9/30/2021	30,954	1,773	2,339	3,297	N/A
3/31/2021	31,057	2,166	1,757	2,540	N/A
12/31/2020	30,427	1,817	1,585	2,445	N/A
9/30/2020	29,796	1,468	1,413	2,350	N/A
3/31/2020	28,430	3,436	1,735	2,953	N/A
12/31/2019	28,504	3,885	1,767	2,927	N/A
9/30/2019	28,579	4,334	1,800	2,901	N/A
3/31/2019	28,013	2,573	1,895	2,679	N/A
12/31/2018	28,189	2,546	1,889	2,641	N/A
9/30/2018	28,365	2,519	1,884	2,603	N/A
6/30/2018	29,477	2,620	2,217	2,993	N/A
3/31/2018	30,589	2,720	2,547	3,380	N/A
12/31/2017	30,943	2,866	N/A	4,249	N/A
9/30/2017	31,298	3,011	N/A	5,119	N/A
6/30/2017	31,485	3,147	N/A	N/A	N/A
3/31/2017	31,673	3,284	N/A	4,575	N/A
12/31/2016	31,131	3,263	N/A	3,905	N/A
9/30/2016	30,588	3,243	N/A	3,235	N/A
6/30/2016	29,996	3,238	N/A	N/A	N/A
3/31/2016	29,404	3,232	N/A	2,857	N/A
12/31/2015	29,032	3,177	N/A	2,606	N/A
9/30/2015	28,660	3,121	N/A	2,355	N/A
3/31/2015	29,711	2,924	N/A	2,739	N/A
12/31/2014	29,892	2,457	N/A	2,923	N/A
9/30/2014	30,072	1,990	N/A	3,107	N/A
3/31/2014	28,487	1,829	N/A	2,829	N/A
12/31/2013	27,745	2,173	N/A	2,854	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: UG5A's forecast earnings growth (5.9% per year) is above the savings rate (1%).

Earnings vs Market: UG5A's earnings (5.9% per year) are forecast to grow slower than the German market (20.9% per year).

High Growth Earnings: UG5A's earnings are forecast to grow, but not significantly.

Revenue vs Market: UG5A's revenue (5.8% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: UG5A's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: UG5A's Return on Equity is forecast to be low in 3 years time (16.7%).

Tiger Brands Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Tiger Brands Limited Provides Earnings Guidance for the Six Months Ending March 31 , 2024

Recent updates

Tiger Brands Limited to Report Fiscal Year 2024 Results on Dec 04, 2024

Now 20% overvalued after recent price rise

Upcoming dividend of R3.50 per share

First half 2024 earnings released: EPS: R8.27 (vs R7.49 in 1H 2023)

Tiger Brands Limited Announces Dividend Declaration for the Six Months Ended 31 March 2024

Tiger Brands Limited Announces Board and Committee Changes

Tiger Brands Limited Provides Earnings Guidance for the Six Months Ending March 31 , 2024

High number of new directors

Tiger Brands Limited to Report First Half, 2024 Results on May 27, 2024

Upcoming dividend of R6.71 per share at 4.9% yield

Tiger Brands Limited, Annual General Meeting, Feb 22, 2024

Full year 2023 earnings released: EPS: R17.25 (vs R17.62 in FY 2022)

Tiger Brands Limited Announces Board Changes

Investor sentiment improves as stock rises 16%

Tiger Brands Limited to Report Fiscal Year 2023 Results on Dec 01, 2023

Tiger Brands Limited Announces Resignation of Deepa Sita as Executive Director, Effective from 31 December 2023

High number of new directors

Upcoming dividend of R3.20 per share at 5.8% yield

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 18%

Now 28% undervalued after recent price drop

First half 2023 earnings released: EPS: R7.49 (vs R7.33 in 1H 2022)

Tiger Brands Limited Declares Ordinary Dividend for the Six-Months Ended 31 March 2023, Payable on 10 July 2023

Now 21% undervalued after recent price drop

Tiger Brands Limited Appoints Sam Sithole as A Non-Executive Director, Effective 1 April 2023

Upcoming dividend of R6.53 per share

High number of new directors

Tiger Brands Limited, Annual General Meeting, Feb 21, 2023

Full year 2022 earnings released: EPS: R17.62 (vs R10.70 in FY 2021)

Tiger Brands Talks to Possible Buyers for the Unit

First half 2022 earnings released: EPS: R7.33 (vs R7.55 in 1H 2021)

Tiger Brands Limited to Report Fiscal Year 2022 Final Results on Nov 25, 2022

Upcoming dividend of R3.20 per share

High number of new directors

Now 21% undervalued after recent price drop

Now 23% undervalued

Tiger Brands Limited Announces Appointment of Independent Non-Executive Directors and Reconstitution of Board Committees

Tiger Brands Limited to Report First Half, 2022 Results on May 25, 2022

Upcoming dividend of R5.06 per share

Full year 2021 earnings released: EPS R10.70 (vs R8.86 in FY 2020)

UAC of Nigeria PLC (NGSE:UACN) agreed to acquire remaining 49% stake in UAC Foods Limited from Tiger Brands Limited (JSE:TBS).

Upcoming dividend of R3.20 per share

First half 2021 earnings released: EPS R7.55 (vs R3.33 in 1H 2020)

Tiger Brands Limited Declares an Interim Dividend for the Six Months Ended Mar. 31, 2021

Tiger Brands Limited to Report First Half, 2021 Results on May 20, 2021

New 90-day high: €12.50

New 90-day high: €12.00

New 90-day high: €10.20

Tiger Brands Limited to Report Fiscal Year 2020 Results on Nov 20, 2020

Silchester International Investors LLP acquired an unknown stake in Tiger Brands Limited (JSE:TBS).

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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