Tiger Brands (TBS) Stock Overview
Engages in the manufacture and sale of fast-moving consumer goods in South Africa and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
TBS Community Fair Values
Create NarrativeSee what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Tiger Brands Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R292.52 |
| 52 Week High | R385.00 |
| 52 Week Low | R267.22 |
| Beta | -0.018 |
| 1 Month Change | 1.09% |
| 3 Month Change | -2.20% |
| 1 Year Change | -10.06% |
| 3 Year Change | 78.15% |
| 5 Year Change | 35.87% |
| Change since IPO | 656.33% |
Recent News & Updates
Narrative Update • Apr 25
TBS: Special Dividend And Stable Assumptions Will Shape A Steady Risk Balance
Analysts have reiterated their ZAR280.00 price target for Tiger Brands, pointing to slightly higher long term revenue growth assumptions, a modestly lower profit margin outlook, and a small uplift in expected future P/E as the key drivers behind the unchanged fair value view. Valuation Changes Fair Value: ZAR280.00 remains unchanged, with no adjustment to the overall valuation anchor.Analysis Article • Apr 20
Does Tiger Brands (JSE:TBS) Deserve A Spot On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update • Apr 09
TBS: Special Dividend And Buybacks Will Support Improved Earnings Quality
Analysts now set their Tiger Brands price target at ZAR348.00, slightly below the prior ZAR350.75, reflecting updated views that incorporate a modest adjustment to discount rates, revenue growth expectations, profit margins and the assumed future P/E multiple. Valuation Changes Fair Value: ZAR348.00, slightly below the prior ZAR350.75.Narrative Update • Mar 26
TBS: Special Dividend And Stable Assumptions Will Define A Balanced Risk Outlook
Analysts kept their ZAR280.00 price target for Tiger Brands unchanged, pointing to relatively steady assumptions around revenue growth, profit margins and future P/E expectations as the key reasons for holding their view. What's in the News Tiger Brands announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, declared on 26 November 2025 (company announcement).Recent updates
Narrative Update • Apr 25
TBS: Special Dividend And Stable Assumptions Will Shape A Steady Risk Balance
Analysts have reiterated their ZAR280.00 price target for Tiger Brands, pointing to slightly higher long term revenue growth assumptions, a modestly lower profit margin outlook, and a small uplift in expected future P/E as the key drivers behind the unchanged fair value view. Valuation Changes Fair Value: ZAR280.00 remains unchanged, with no adjustment to the overall valuation anchor.Analysis Article • Apr 20
Does Tiger Brands (JSE:TBS) Deserve A Spot On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Apr 09
TBS: Special Dividend And Buybacks Will Support Improved Earnings Quality
Analysts now set their Tiger Brands price target at ZAR348.00, slightly below the prior ZAR350.75, reflecting updated views that incorporate a modest adjustment to discount rates, revenue growth expectations, profit margins and the assumed future P/E multiple. Valuation Changes Fair Value: ZAR348.00, slightly below the prior ZAR350.75.Narrative Update • Mar 26
TBS: Special Dividend And Stable Assumptions Will Define A Balanced Risk Outlook
Analysts kept their ZAR280.00 price target for Tiger Brands unchanged, pointing to relatively steady assumptions around revenue growth, profit margins and future P/E expectations as the key reasons for holding their view. What's in the News Tiger Brands announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, declared on 26 November 2025 (company announcement).Narrative Update • Mar 12
TBS: Pending Special Dividend Will Highlight Limited Change In Underlying Earnings Risk
Analysts have kept their ZAR280.00 price target for Tiger Brands unchanged, citing only small tweaks to their models with slightly different assumptions for revenue growth, profit margins and future P/E multiples rather than a shift in overall view. What's in the News Tiger Brands announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per ordinary share, declared on 26 November 2025 (Key Developments).Narrative Update • Feb 26
TBS: Pending Special Dividend Will Mask Underlying Earnings Quality Risk
Analysts have maintained their Tiger Brands fair value estimate at ZAR280.00. The slightly lower discount rate and modestly higher profit margin assumption result in only a small refinement to the underlying valuation rather than a major shift in the price target.
Narrative Update • Feb 07
TBS: Special Dividend And Buyback Will Support Rerated Earnings Multiple
Analysts have lifted their fair value estimate for Tiger Brands from R365.00 to R428.00, citing updated assumptions for revenue growth of 7.72%, a profit margin of 9.08%, a discount rate of 16.29% and a future P/E of 24.13x. What's in the News Tiger Brands has announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, subject to approval by the South African Reserve Bank.Analysis Article • Feb 04
Some Shareholders Feeling Restless Over Tiger Brands Limited's (JSE:TBS) P/E Ratio
When close to half the companies in South Africa have price-to-earnings ratios (or "P/E's") below 9x, you may consider...Narrative Update • Jan 24
TBS: Special Dividend And Buybacks Will Temper Uncertain Future Earnings Outlook
Analysts have lifted their price target for Tiger Brands from R310.33 to R350.75, citing updated assumptions for revenue growth of 5.08%, a profit margin of 9.90% and a lower future P/E of 19.77, while holding the discount rate steady at 16.73%. What's in the News Tiger Brands declared a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, subject to approval by the South African Reserve Bank.Narrative Update • Jan 09
TBS: Future Payouts And Buybacks Will Mask Earnings Quality Risk
Analysts have revised their fair value estimate for Tiger Brands from R253.00 to R280.00, citing adjusted assumptions for revenue growth, profit margins, and a lower future P/E multiple as the key drivers of the new price target. What's in the News Tiger Brands announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per ordinary share, declared on 26 November 2025, subject to South African Reserve Bank approval (Key Developments).Analysis Article • Jan 07
Returns On Capital Are A Standout For Tiger Brands (JSE:TBS)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Analysis Article • Jan 07
Tiger Brands (JSE:TBS) Is Increasing Its Dividend To ZAR39.39
Tiger Brands Limited's ( JSE:TBS ) dividend will be increasing from last year's payment of the same period to ZAR39.39...Analysis Article • Dec 13
Tiger Brands' (JSE:TBS) Upcoming Dividend Will Be Larger Than Last Year's
Tiger Brands Limited ( JSE:TBS ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Dec 04
Impressive Earnings May Not Tell The Whole Story For Tiger Brands (JSE:TBS)
Tiger Brands Limited ( JSE:TBS ) just reported some strong earnings, and the market reacted accordingly with a healthy...Narrative Update • Nov 18
TBS: Future Earnings Guidance Could Face Headwinds Despite Recent Optimism
Analysts have maintained their fair value estimate for Tiger Brands at R310.33, with only minimal adjustments to key assumptions. This reflects stable prospects and a steady outlook for the company's valuation.Narrative Update • Oct 31
TBS: Stable Profits And Growth Prospects Will Sustain Fair Valuation
Narrative Update: Tiger Brands Analyst Price Target Analysts have maintained their price target for Tiger Brands at R310.33. They cite stable expectations regarding the company’s fair value, growth prospects, and profitability.Narrative Update • Oct 17
Investing In Super Bakeries And AI Will Lower Costs And Improve Future Net Margins
Analysts have slightly revised their price target for Tiger Brands upward from R301.33 to R310.33. This reflects adjusted expectations around valuation in spite of lowered revenue growth forecasts and a minor contraction in profit margin.Analysis Article • Oct 14
Tiger Brands Limited's (JSE:TBS) Share Price Could Signal Some Risk
Tiger Brands Limited's ( JSE:TBS ) price-to-earnings (or "P/E") ratio of 12.8x might make it look like a sell right now...Narrative Update • Oct 03
Investing In Super Bakeries And AI Will Lower Costs And Improve Future Net Margins
Analysts have raised their price target for Tiger Brands from R284.67 to R301.33, citing expectations of improved profit margins, which offset slightly softer revenue growth forecasts. Valuation Changes Fair Value: Increased from ZAR 284.67 to ZAR 301.33, reflecting an improved outlook.Analysis Article • Sep 23
Is Now The Time To Put Tiger Brands (JSE:TBS) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Aug 18
The Returns At Tiger Brands (JSE:TBS) Aren't Growing
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Analysis Article • Jul 06
Is Tiger Brands (JSE:TBS) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jun 18
Some Confidence Is Lacking In Tiger Brands Limited's (JSE:TBS) P/E
Tiger Brands Limited's ( JSE:TBS ) price-to-earnings (or "P/E") ratio of 12.4x might make it look like a sell right now...Analysis Article • May 09
Here's Why We Think Tiger Brands (JSE:TBS) Is Well Worth Watching
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...New Narrative • May 01
Investing In Super Bakeries And AI Will Lower Costs And Improve Future Net Margins
Key Takeaways Streamlining management and rationalizing SKUs are expected to enhance revenue growth and improve net margins. Investments in technology and manufacturing aim to optimize costs and capture market share in Southern Africa.Analysis Article • Apr 18
Here's What To Make Of Tiger Brands' (JSE:TBS) Decelerating Rates Of Return
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Feb 25
Tiger Brands Limited (JSE:TBS) Investors Are Less Pessimistic Than Expected
When close to half the companies in South Africa have price-to-earnings ratios (or "P/E's") below 9x, you may consider...
New Narrative • Jan 28
Technology Investments And E-Commerce Expansion Will Enhance Future Operations [test]
Operational efficiency and margin improvements are expected from business model evolution, management reduction, and shedding non-core brands.New Narrative • Jan 16
Expanding E-Commerce And Supply Chain Optimization Will Strengthen Market Presence
Optimization of supply chains and strategic realignment aim to reduce costs and increase net margins and earnings.Analysis Article • Dec 31
With EPS Growth And More, Tiger Brands (JSE:TBS) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Dec 12
Tiger Brands' (JSE:TBS) Profits May Not Reveal Underlying Issues
Tiger Brands Limited ( JSE:TBS ) just released a solid earnings report, and the stock displayed some strength. However...Analysis Article • Nov 22
Returns On Capital At Tiger Brands (JSE:TBS) Have Stalled
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Oct 23
Tiger Brands Limited's (JSE:TBS) Popularity With Investors Is Under Threat From Overpricing
Tiger Brands Limited's ( JSE:TBS ) price-to-earnings (or "P/E") ratio of 13.2x might make it look like a sell right now...Analysis Article • Aug 15
Is Tiger Brands (JSE:TBS) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jul 19
Tiger Brands Limited's (JSE:TBS) Price Is Out Of Tune With Earnings
With a price-to-earnings (or "P/E") ratio of 12.2x Tiger Brands Limited ( JSE:TBS ) may be sending bearish signals at...Analysis Article • Jun 15
Tiger Brands' (JSE:TBS) Dividend Will Be ZAR3.50
The board of Tiger Brands Limited ( JSE:TBS ) has announced that it will pay a dividend of ZAR3.50 per share on the 8th...Analysis Article • Jun 03
Tiger Brands (JSE:TBS) Strong Profits May Be Masking Some Underlying Issues
Tiger Brands Limited's ( JSE:TBS ) stock didn't jump after it announced some healthy earnings. Our analysis showed that...Analysis Article • May 30
Tiger Brands (JSE:TBS) Has Announced A Dividend Of ZAR3.50
Tiger Brands Limited ( JSE:TBS ) will pay a dividend of ZAR3.50 on the 8th of July. This makes the dividend yield about...Analysis Article • Apr 13
Investor Optimism Abounds Tiger Brands Limited (JSE:TBS) But Growth Is Lacking
With a price-to-earnings (or "P/E") ratio of 11.5x Tiger Brands Limited ( JSE:TBS ) may be sending bearish signals at...Analysis Article • Mar 13
Here's Why Tiger Brands (JSE:TBS) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jan 19
Investors Met With Slowing Returns on Capital At Tiger Brands (JSE:TBS)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...Analysis Article • Jan 01
Tiger Brands (JSE:TBS) Has Announced That It Will Be Increasing Its Dividend To ZAR6.71
Tiger Brands Limited ( JSE:TBS ) will increase its dividend from last year's comparable payment on the 22nd of January...Analysis Article • Sep 22
Capital Allocation Trends At Tiger Brands (JSE:TBS) Aren't Ideal
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Shareholder Returns
| TBS | ZA Food | ZA Market | |
|---|---|---|---|
| 7D | 3.2% | 0.4% | -2.7% |
| 1Y | -10.1% | 0.7% | 12.7% |
Return vs Industry: TBS underperformed the ZA Food industry which returned 0.7% over the past year.
Return vs Market: TBS underperformed the ZA Market which returned 12.7% over the past year.
Price Volatility
| TBS volatility | |
|---|---|
| TBS Average Weekly Movement | 2.9% |
| Food Industry Average Movement | 4.7% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in ZA Market | 10.6% |
| 10% least volatile stocks in ZA Market | 3.1% |
Stable Share Price: TBS has not had significant price volatility in the past 3 months compared to the ZA market.
Volatility Over Time: TBS's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1921 | 8,721 | Tjaart Kruger | www.tigerbrands.com |
Tiger Brands Limited engages in the manufacture and sale of fast-moving consumer goods in South Africa and internationally. It operates through Milling and Baking; Culinary; Snacks, Treats, and Beverages; and Home and Personal Care segments. The company offers wheat milling and baking; and culinary, Davita, and baby nutrition products.
Tiger Brands Limited Fundamentals Summary
| TBS fundamental statistics | |
|---|---|
| Market cap | R41.54b |
| Earnings (TTM) | R3.22b |
| Revenue (TTM) | R34.63b |
13.3x
P/E Ratio1.2x
P/S RatioIs TBS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TBS income statement (TTM) | |
|---|---|
| Revenue | R34.63b |
| Cost of Revenue | R23.38b |
| Gross Profit | R11.25b |
| Other Expenses | R8.03b |
| Earnings | R3.22b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 22.01 |
| Gross Margin | 32.49% |
| Net Profit Margin | 9.29% |
| Debt/Equity Ratio | 23.0% |
How did TBS perform over the long term?
See historical performance and comparisonDividends
5.6%
Current Dividend Yield77%
Payout RatioDoes TBS pay a reliable dividends?
See TBS dividend history and benchmarks| Tiger Brands dividend dates | |
|---|---|
| Ex Dividend Date | Jul 01 2026 |
| Dividend Pay Date | Jul 06 2026 |
| Days until Ex dividend | 22 days |
| Days until Dividend pay date | 27 days |
Does TBS pay a reliable dividends?
See TBS dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 22:24 |
| End of Day Share Price | 2026/06/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tiger Brands Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sidharth Saboo | Arqaam Capital Research Offshore S.A.L. |
| Detlef Winckelmann | Arqaam Capital Research Offshore S.A.L. |
| Paul Henri Steegers | BofA Global Research |