Tiger Brands Future Growth
Future criteria checks 1/6
Tiger Brands's earnings are forecast to decline at 3.5% per annum while its annual revenue is expected to grow at 5.1% per year. EPS is expected to decline by 2.2% per annum. Return on equity is forecast to be 32% in 3 years.
Key information
-3.5%
Earnings growth rate
-2.18%
EPS growth rate
| Food earnings growth | 13.6% |
| Revenue growth rate | 5.1% |
| Future return on equity | 32.01% |
| Analyst coverage | Low |
| Last updated | 18 Feb 2026 |
Recent future growth updates
Recent updates
Some Shareholders Feeling Restless Over Tiger Brands Limited's (JSE:TBS) P/E Ratio
Feb 04
Returns On Capital Are A Standout For Tiger Brands (JSE:TBS)
Jan 07Tiger Brands (JSE:TBS) Is Increasing Its Dividend To ZAR39.39
Jan 07Tiger Brands' (JSE:TBS) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13Impressive Earnings May Not Tell The Whole Story For Tiger Brands (JSE:TBS)
Dec 04Tiger Brands Limited's (JSE:TBS) Share Price Could Signal Some Risk
Oct 14Is Now The Time To Put Tiger Brands (JSE:TBS) On Your Watchlist?
Sep 23The Returns At Tiger Brands (JSE:TBS) Aren't Growing
Aug 18Is Tiger Brands (JSE:TBS) A Risky Investment?
Jul 06Some Confidence Is Lacking In Tiger Brands Limited's (JSE:TBS) P/E
Jun 18Here's Why We Think Tiger Brands (JSE:TBS) Is Well Worth Watching
May 09
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.Here's What To Make Of Tiger Brands' (JSE:TBS) Decelerating Rates Of Return
Apr 18Tiger Brands Limited (JSE:TBS) Investors Are Less Pessimistic Than Expected
Feb 25
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.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.With EPS Growth And More, Tiger Brands (JSE:TBS) Makes An Interesting Case
Dec 31Tiger Brands' (JSE:TBS) Profits May Not Reveal Underlying Issues
Dec 12Returns On Capital At Tiger Brands (JSE:TBS) Have Stalled
Nov 22Tiger Brands Limited's (JSE:TBS) Popularity With Investors Is Under Threat From Overpricing
Oct 23Is Tiger Brands (JSE:TBS) Using Too Much Debt?
Aug 15Tiger Brands Limited's (JSE:TBS) Price Is Out Of Tune With Earnings
Jul 19Tiger Brands' (JSE:TBS) Dividend Will Be ZAR3.50
Jun 15Tiger Brands (JSE:TBS) Strong Profits May Be Masking Some Underlying Issues
Jun 03Tiger Brands (JSE:TBS) Has Announced A Dividend Of ZAR3.50
May 30Investor Optimism Abounds Tiger Brands Limited (JSE:TBS) But Growth Is Lacking
Apr 13Here's Why Tiger Brands (JSE:TBS) Can Manage Its Debt Responsibly
Mar 13Investors Met With Slowing Returns on Capital At Tiger Brands (JSE:TBS)
Jan 19Tiger Brands (JSE:TBS) Has Announced That It Will Be Increasing Its Dividend To ZAR6.71
Jan 01Capital Allocation Trends At Tiger Brands (JSE:TBS) Aren't Ideal
Sep 22Tiger Brands (JSE:TBS) Will Pay A Dividend Of ZAR3.20
Jun 02These 4 Measures Indicate That Tiger Brands (JSE:TBS) Is Using Debt Reasonably Well
May 31Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 9/30/2028 | 40,144 | 3,950 | 3,811 | 4,902 | 4 |
| 9/30/2027 | 37,668 | 3,397 | 2,573 | 4,186 | 5 |
| 9/30/2026 | 35,976 | 3,445 | 2,965 | 4,190 | 5 |
| 9/30/2025 | 34,392 | 4,094 | 4,639 | 5,828 | N/A |
| 3/31/2025 | 38,014 | 3,951 | 6,684 | 7,429 | N/A |
| 12/31/2024 | 37,838 | 3,439 | 5,283 | 6,009 | N/A |
| 9/30/2024 | 33,494 | 2,768 | 3,847 | 4,555 | N/A |
| 6/30/2024 | 36,350 | 2,905 | 2,474 | 3,412 | N/A |
| 3/31/2024 | 36,138 | 2,851 | 1,066 | 2,234 | N/A |
| 12/31/2023 | 36,763 | 2,774 | 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 | 1,775 | 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 | N/A | 2,679 | N/A |
| 12/31/2018 | 28,189 | 2,546 | N/A | 2,641 | N/A |
| 9/30/2018 | 28,365 | 2,519 | N/A | 2,603 | N/A |
| 3/31/2018 | 30,589 | 2,720 | N/A | 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 |
| 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 |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBS's earnings are forecast to decline over the next 3 years (-3.5% per year).
Earnings vs Market: TBS's earnings are forecast to decline over the next 3 years (-3.5% per year).
High Growth Earnings: TBS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TBS's revenue (5.1% per year) is forecast to grow slower than the ZA market (7.1% per year).
High Growth Revenue: TBS's revenue (5.1% 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 high in 3 years time (32%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/06 16:23 |
| End of Day Share Price | 2026/03/06 00:00 |
| Earnings | 2025/09/30 |
| 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 |
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| Ownership | 10 years |
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| 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
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Industry and Sector Metrics
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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 |