Tiger Brands Future Growth

Future criteria checks 1/6

Tiger Brands is forecast to grow earnings and revenue by 8% and 5.3% per annum respectively. EPS is expected to grow by 6.9% per annum. Return on equity is forecast to be 16.5% in 3 years.

Key information

8.0%

Earnings growth rate

6.9%

EPS growth rate

Food earnings growth	12.4%
Revenue growth rate	5.3%
Future return on equity	16.5%
Analyst coverage	Good
Last updated	19 Apr 2024

Recent future growth updates

Recent updates

Tiger Brands (JSE:TBS) Has Announced That It Will Be Increasing Its Dividend To ZAR6.71

Jan 01

Capital Allocation Trends At Tiger Brands (JSE:TBS) Aren't Ideal

Sep 22

Tiger Brands (JSE:TBS) Will Pay A Dividend Of ZAR3.20

Jun 02

These 4 Measures Indicate That Tiger Brands (JSE:TBS) Is Using Debt Reasonably Well

May 31

Tiger Brands (JSE:TBS) Will Be Looking To Turn Around Its Returns

Mar 09

Here's Why Shareholders May Want To Be Cautious With Increasing Tiger Brands Limited's (JSE:TBS) CEO Pay Packet

Feb 15

Is Tiger Brands (JSE:TBS) A Risky Investment?

Dec 30

Tiger Brands (JSE:TBS) Will Be Hoping To Turn Its Returns On Capital Around

Sep 08

Is There An Opportunity With Tiger Brands Limited's (JSE:TBS) 22% Undervaluation?

Aug 18

Tiger Brands (JSE:TBS) Has A Pretty Healthy Balance Sheet

Jul 11

Tiger Brands' (JSE:TBS) Dividend Will Be R3.20

May 28

Tiger Brands Limited (JSE:TBS) Not Lagging Market On Growth Or Pricing

May 14

Earnings and Revenue Growth Forecasts

JSE:TBS - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	43,813	3,371	N/A	3,289	4
9/30/2025	41,562	3,182	1,751	3,350	6
9/30/2024	39,072	2,793	2,286	3,357	6
9/30/2023	37,389	2,697	721	1,934	N/A
6/30/2023	37,020	2,759	638	1,761	N/A
3/31/2023	36,651	2,820	555	1,546	N/A
12/31/2022	35,340	2,842	792	1,768	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	3,374	4,249	N/A
9/30/2017	31,298	3,011	4,200	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
9/30/2013	27,004	2,516	N/A	2,879	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TBS's forecast earnings growth (8% per year) is below the savings rate (9.5%).

Earnings vs Market: TBS's earnings (8% per year) are forecast to grow slower than the ZA market (16.7% 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 faster than the ZA market (3% 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 (16.5%).

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Tiger Brands Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

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

Price target increased by 9.4% to R189

Price target increased by 8.3% to R177

Consensus EPS estimates fall by 16%, revenue upgraded

Price target decreased by 8.6% to R192

Price target increased to R186

Recent updates

Investor Optimism Abounds Tiger Brands Limited (JSE:TBS) But Growth Is Lacking

Here's Why Tiger Brands (JSE:TBS) Can Manage Its Debt Responsibly

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

Investors Met With Slowing Returns on Capital At Tiger Brands (JSE:TBS)

Upcoming dividend of R6.71 per share at 4.8% yield

Price target increased by 9.4% to R189

Tiger Brands (JSE:TBS) Has Announced That It Will Be Increasing Its Dividend To ZAR6.71

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

Price target increased by 8.3% to R177

Full year 2023 earnings: EPS exceeds analyst expectations

Tiger Brands Limited Announces CFO Changes

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

Capital Allocation Trends At Tiger Brands (JSE:TBS) Aren't Ideal

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

CEO & Executive Director recently bought R1.6m worth of stock

Consensus EPS estimates fall by 16%, revenue upgraded

Price target decreased by 8.6% to R192

Tiger Brands (JSE:TBS) Will Pay A Dividend Of ZAR3.20

These 4 Measures Indicate That Tiger Brands (JSE:TBS) Is Using Debt Reasonably Well

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

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

Tiger Brands (JSE:TBS) Will Be Looking To Turn Around Its Returns

Here's Why Shareholders May Want To Be Cautious With Increasing Tiger Brands Limited's (JSE:TBS) CEO Pay Packet

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

Upcoming dividend of R6.53 per share

Is Tiger Brands (JSE:TBS) A Risky Investment?

High number of new directors

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

Price target increased to R186

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

Tiger Brands (JSE:TBS) Will Be Hoping To Turn Its Returns On Capital Around

Now 21% undervalued

Is There An Opportunity With Tiger Brands Limited's (JSE:TBS) 22% Undervaluation?

Tiger Brands Talks to Possible Buyers for the Unit

Tiger Brands (JSE:TBS) Has A Pretty Healthy Balance Sheet

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

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

Upcoming dividend of R3.20 per share

Tiger Brands' (JSE:TBS) Dividend Will Be R3.20

Tiger Brands Limited (JSE:TBS) Not Lagging Market On Growth Or Pricing

High number of new directors

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

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

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 low: R197

New 90-day high: R216

Price target raised to R203

Analysts increase EPS estimates to R13.84

New 90-day high: R216

New 90-day high: R215

New 90-day low - R169

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