Tiger Brands Limited engages in the manufacture, marketing, and distribution of fast-moving consumer goods primarily in South Africa.
Tiger Brands Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R186.17|
|52 Week High||R175.50|
|52 Week Low||R228.73|
|1 Month Change||1.93%|
|3 Month Change||-8.29%|
|1 Year Change||-10.06%|
|3 Year Change||-27.03%|
|5 Year Change||-49.12%|
|Change since IPO||381.36%|
Recent News & Updates
|TBS||ZA Food||ZA Market|
Return vs Industry: TBS underperformed the ZA Food industry which returned 6.1% over the past year.
Return vs Market: TBS underperformed the ZA Market which returned 21.3% over the past year.
Stable Share Price: TBS is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TBS's weekly volatility (3%) has been stable over the past year.
About the Company
Tiger Brands Limited engages in the manufacture, marketing, and distribution of fast-moving consumer goods primarily in South Africa. The company offers baby care products under the Purity brand; bakeries under the Albany and Tinkies brands; and culinary fruit veg products under the Crosse & Blackwell, Benny, All Gold, Spray and Cook, Ice Cap, KOO, Colman’s, Black Cat, Mrs H.S. Ball’s Chutney, and Hugo’s brands.
Tiger Brands Fundamentals Summary
|TBS fundamental statistics|
Is TBS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TBS income statement (TTM)|
|Cost of Revenue||R21.76b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 19, 2021
|Earnings per share (EPS)||13.08|
|Net Profit Margin||6.98%|
How did TBS perform over the long term?See historical performance and comparison
3.4%Current Dividend Yield
Is Tiger Brands undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TBS (ZAR186.17) is trading below our estimate of fair value (ZAR224.4)
Significantly Below Fair Value: TBS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TBS is poor value based on its PE Ratio (14.2x) compared to the ZA Food industry average (11.4x).
PE vs Market: TBS is poor value based on its PE Ratio (14.2x) compared to the ZA market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: TBS is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: TBS is overvalued based on its PB Ratio (2x) compared to the ZA Food industry average (1.2x).
How is Tiger Brands forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBS's forecast earnings growth (15.7% per year) is above the savings rate (8.8%).
Earnings vs Market: TBS's earnings (15.7% per year) are forecast to grow faster than the ZA market (12.2% per year).
High Growth Earnings: TBS's earnings are forecast to grow, but not significantly.
Revenue vs Market: TBS's revenue (5.3% per year) is forecast to grow slower than the ZA market (6.1% per year).
High Growth Revenue: TBS's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TBS's Return on Equity is forecast to be low in 3 years time (15.7%).
How has Tiger Brands performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBS has high quality earnings.
Growing Profit Margin: TBS's current net profit margins (7%) are lower than last year (12.1%).
Past Earnings Growth Analysis
Earnings Trend: TBS's earnings have declined by 5.9% per year over the past 5 years.
Accelerating Growth: TBS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TBS had negative earnings growth (-37%) over the past year, making it difficult to compare to the Food industry average (0.6%).
Return on Equity
High ROE: TBS's Return on Equity (14%) is considered low.
How is Tiger Brands's financial position?
Financial Position Analysis
Short Term Liabilities: TBS's short term assets (ZAR11.1B) exceed its short term liabilities (ZAR5.5B).
Long Term Liabilities: TBS's short term assets (ZAR11.1B) exceed its long term liabilities (ZAR1.3B).
Debt to Equity History and Analysis
Debt Level: TBS's debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: TBS's debt to equity ratio has reduced from 23.4% to 0.01% over the past 5 years.
Debt Coverage: TBS's debt is well covered by operating cash flow (120952.4%).
Interest Coverage: TBS earns more interest than it pays, so coverage of interest payments is not a concern.
What is Tiger Brands's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TBS's dividend (3.44%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: TBS's dividend (3.44%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).
Stability and Growth of Payments
Stable Dividend: TBS's dividend payments have been volatile in the past 10 years.
Growing Dividend: TBS's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.6%), TBS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TBS's dividends in 3 years are forecast to be covered by earnings (57.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Noel Doyle (55 yo)
Mr. Noel Patrick Doyle, FCS, CA(SA) has been Chief Executive Officer of Tiger Brands Limited since February 1, 2020 and served as its Chief Financial Officer from August 1, 2016 to February 1, 2020. Mr. Do...
CEO Compensation Analysis
Compensation vs Market: Noel's total compensation ($USD612.93K) is below average for companies of similar size in the ZA market ($USD922.82K).
Compensation vs Earnings: Noel's compensation has been consistent with company performance over the past year.
Experienced Management: TBS's management team is considered experienced (2.1 years average tenure).
Experienced Board: TBS's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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.
Tiger Brands Limited's employee growth, exchange listings and data sources
- Name: Tiger Brands Limited
- Ticker: TBS
- Exchange: JSE
- Founded: 1920
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: R30.829b
- Shares outstanding: 165.59m
- Website: https://www.tigerbrands.com
Number of Employees
- Tiger Brands Limited
- 3010 William Nicol Drive
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 21:34|
|End of Day Share Price||2021/10/18 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.