Tiger Brands Past Earnings Performance
Past criteria checks 5/6
Tiger Brands has been growing earnings at an average annual rate of 16.8%, while the Food industry saw earnings growing at 12.4% annually. Revenues have been growing at an average rate of 4.4% per year. Tiger Brands's return on equity is 23.7%, and it has net margins of 11.9%.
Key information
16.75%
Earnings growth rate
18.35%
EPS growth rate
| Food Industry Growth | 3.89% |
| Revenue growth rate | 4.39% |
| Return on equity | 23.75% |
| Net Margin | 11.90% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Impressive Earnings May Not Tell The Whole Story For Tiger Brands (JSE:TBS)
Dec 04
Tiger Brands' (JSE:TBS) Profits May Not Reveal Underlying Issues
Dec 12Recent updates
Impressive 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 31Tiger Brands (JSE:TBS) Will Be Looking To Turn Around Its Returns
Mar 09Here's Why Shareholders May Want To Be Cautious With Increasing Tiger Brands Limited's (JSE:TBS) CEO Pay Packet
Feb 15Is Tiger Brands (JSE:TBS) A Risky Investment?
Dec 30Tiger Brands (JSE:TBS) Will Be Hoping To Turn Its Returns On Capital Around
Sep 08Is There An Opportunity With Tiger Brands Limited's (JSE:TBS) 22% Undervaluation?
Aug 18Revenue & Expenses Breakdown
How Tiger Brands makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 34,392 | 4,094 | 5,285 | 0 |
| 31 Mar 25 | 38,014 | 3,951 | 5,582 | 0 |
| 31 Dec 24 | 37,838 | 3,439 | 5,607 | 0 |
| 30 Sep 24 | 33,494 | 2,768 | 5,162 | 0 |
| 30 Jun 24 | 36,350 | 2,905 | 5,508 | 0 |
| 31 Mar 24 | 36,138 | 2,851 | 5,558 | 0 |
| 31 Dec 23 | 36,763 | 2,774 | 5,585 | 0 |
| 30 Sep 23 | 37,389 | 2,697 | 5,612 | 0 |
| 30 Jun 23 | 37,020 | 2,759 | 5,571 | 0 |
| 31 Mar 23 | 36,651 | 2,820 | 5,529 | 0 |
| 31 Dec 22 | 35,340 | 2,842 | 5,399 | 0 |
| 30 Sep 22 | 34,029 | 2,865 | 5,270 | 0 |
| 31 Mar 22 | 31,267 | 1,737 | 5,053 | 0 |
| 31 Dec 21 | 31,110 | 1,755 | 4,977 | 0 |
| 30 Sep 21 | 30,954 | 1,773 | 4,902 | 0 |
| 31 Mar 21 | 31,057 | 2,166 | 4,858 | 0 |
| 31 Dec 20 | 30,427 | 1,817 | 4,848 | 0 |
| 30 Sep 20 | 29,796 | 1,468 | 4,839 | 0 |
| 31 Mar 20 | 28,430 | 3,436 | 4,586 | 0 |
| 31 Dec 19 | 28,504 | 3,885 | 4,591 | 0 |
| 30 Sep 19 | 28,579 | 4,334 | 4,596 | 0 |
| 31 Mar 19 | 28,013 | 2,573 | 4,663 | 0 |
| 31 Dec 18 | 28,189 | 2,546 | 4,624 | 0 |
| 30 Sep 18 | 28,365 | 2,519 | 4,586 | 0 |
| 31 Mar 18 | 30,589 | 2,720 | 4,564 | 0 |
| 31 Dec 17 | 30,943 | 2,866 | 4,521 | 0 |
| 30 Sep 17 | 31,298 | 3,011 | 4,478 | 0 |
| 31 Mar 17 | 31,673 | 3,284 | 4,442 | 0 |
| 31 Dec 16 | 31,131 | 3,263 | 4,381 | 0 |
| 30 Sep 16 | 30,588 | 3,243 | 4,319 | 0 |
| 30 Jun 16 | 29,996 | 3,238 | 4,321 | 0 |
| 31 Mar 16 | 29,404 | 3,232 | 4,324 | 0 |
| 31 Dec 15 | 29,032 | 3,177 | 4,294 | 0 |
| 30 Sep 15 | 28,660 | 3,121 | 4,264 | 0 |
| 31 Mar 15 | 29,711 | 2,924 | 4,306 | 0 |
| 31 Dec 14 | 29,892 | 2,457 | 4,278 | 0 |
Quality Earnings: TBS has a large one-off gain of ZAR1.7B impacting its last 12 months of financial results to 30th September, 2025.
Growing Profit Margin: TBS's current net profit margins (11.9%) are higher than last year (8.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TBS's earnings have grown by 16.8% per year over the past 5 years.
Accelerating Growth: TBS's earnings growth over the past year (47.9%) exceeds its 5-year average (16.8% per year).
Earnings vs Industry: TBS earnings growth over the past year (47.9%) exceeded the Food industry 28.3%.
Return on Equity
High ROE: TBS's Return on Equity (23.7%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/09 16:48 |
| End of Day Share Price | 2025/12/09 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 |
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| 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
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 14 analysts. 4 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 |