Tanzania Breweries Public Limited Company produces, distributes, and sells malt beer, non-alcoholic malt beverages, and alcoholic fruit beverages in Tanzania.
Price History & Performance
|Historical stock prices|
|Current Share Price||TSh10,900.00|
|52 Week High||TSh10,400.00|
|52 Week Low||TSh10,900.00|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||0%|
|3 Year Change||-18.66%|
|5 Year Change||-18.05%|
|Change since IPO||498.90%|
Recent News & Updates
|TBL||TZ Beverage||TZ Market|
Return vs Industry: TBL underperformed the TZ Beverage industry which returned 23.9% over the past year.
Return vs Market: TBL underperformed the TZ Market which returned 3.9% over the past year.
Stable Share Price: TBL is less volatile than 75% of TZ stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: TBL's weekly volatility (0%) has been stable over the past year.
About the Company
Tanzania Breweries Public Limited Company produces, distributes, and sells malt beer, non-alcoholic malt beverages, and alcoholic fruit beverages in Tanzania. The company operates in two divisions, Beer, and Wines and Spirits. It primarily owns beer and liquor brands, including Safari Lager, Kilimanjaro Premium Lager, Ndovu Special Malt, and Konyagi.
Tanzania Breweries Fundamentals Summary
|TBL fundamental statistics|
Is TBL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TBL income statement (TTM)|
|Cost of Revenue||TSh597.12b|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||275.99|
|Net Profit Margin||8.30%|
How did TBL perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is Tanzania Breweries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TBL (TZS10900) is trading above our estimate of fair value (TZS5588.41)
Significantly Below Fair Value: TBL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TBL is poor value based on its PE Ratio (39.5x) compared to the African Beverage industry average (27.6x).
PE vs Market: TBL is poor value based on its PE Ratio (39.5x) compared to the TZ market (10.8x).
Price to Earnings Growth Ratio
PEG Ratio: TBL is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: TBL is overvalued based on its PB Ratio (5.4x) compared to the XF Beverage industry average (2.4x).
How is Tanzania Breweries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBL's forecast earnings growth (19.3% per year) is above the savings rate (9.1%).
Earnings vs Market: TBL's earnings (19.3% per year) are forecast to grow faster than the TZ market (13.5% per year).
High Growth Earnings: TBL's earnings are forecast to grow, but not significantly.
Revenue vs Market: TBL's revenue (5.6% per year) is forecast to grow slower than the TZ market (7% per year).
High Growth Revenue: TBL's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TBL's Return on Equity is forecast to be high in 3 years time (20%)
How has Tanzania Breweries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBL has high quality earnings.
Growing Profit Margin: TBL's current net profit margins (8.3%) are lower than last year (19.1%).
Past Earnings Growth Analysis
Earnings Trend: TBL's earnings have declined by 15% per year over the past 5 years.
Accelerating Growth: TBL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TBL had negative earnings growth (-44.4%) over the past year, making it difficult to compare to the Beverage industry average (19.7%).
Return on Equity
High ROE: TBL's Return on Equity (14.7%) is considered low.
How is Tanzania Breweries's financial position?
Financial Position Analysis
Short Term Liabilities: TBL's short term assets (TZS395.1B) exceed its short term liabilities (TZS291.7B).
Long Term Liabilities: TBL's short term assets (TZS395.1B) exceed its long term liabilities (TZS47.5B).
Debt to Equity History and Analysis
Debt Level: TBL is debt free.
Reducing Debt: TBL has no debt compared to 5 years ago when its debt to equity ratio was 4%.
Debt Coverage: TBL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TBL has no debt, therefore coverage of interest payments is not a concern.
What is Tanzania Breweries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TBL's dividend (2.75%) is higher than the bottom 25% of dividend payers in the TZ market (1.97%).
High Dividend: TBL's dividend (2.75%) is low compared to the top 25% of dividend payers in the TZ market (8.19%).
Stability and Growth of Payments
Stable Dividend: TBL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TBL's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.8%), TBL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TBL's dividends in 3 years are forecast to be covered by earnings (74.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Philip Redman (42 yo)
Mr. Philip Redman serves as the Managing Director and Director of Tanzania Breweries Limited since February 2019. He is representing AB Inbev Africa BV.
Experienced Management: TBL's management team is seasoned and experienced (6.5 years average tenure).
Experienced Board: TBL's board of directors are considered experienced (9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tanzania Breweries Public Limited Company's employee growth, exchange listings and data sources
- Name: Tanzania Breweries Public Limited Company
- Ticker: TBL
- Exchange: DAR
- Founded: NaN
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Market Cap: TSh3.152t
- Shares outstanding: 289.16m
- Website: https://tanzaniabreweries.co.tz
Number of Employees
- Tanzania Breweries Public Limited Company
- Plot 79, Block 'AA'
- Uhuru Street
- Dar es Salaam
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 22:05|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.