Tiger Brands Ltd
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. It operates under the Albany, All Gold, Black Cat, Crosse & B… Read more
Tiger Brands Ltd (TBS) - Net Assets
Latest net assets as of September 2025: ZAC17.24 Billion ZAC
Based on the latest financial reports, Tiger Brands Ltd (TBS) has net assets worth ZAC17.24 Billion ZAC as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC26.95 Billion) and total liabilities (ZAC9.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC17.24 Billion |
| % of Total Assets | 63.95% |
| Annual Growth Rate | 9.85% |
| 5-Year Change | 9.79% |
| 10-Year Change | 7.52% |
| Growth Volatility | 16.02 |
Tiger Brands Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Tiger Brands Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tiger Brands Ltd (2001–2025)
The table below shows the annual net assets of Tiger Brands Ltd from 2001 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | ZAC17.24 Billion | -5.26% |
| 2024-09-30 | ZAC18.20 Billion | +5.15% |
| 2023-09-30 | ZAC17.30 Billion | +10.27% |
| 2022-09-30 | ZAC15.69 Billion | -0.06% |
| 2021-09-30 | ZAC15.70 Billion | -0.54% |
| 2020-09-30 | ZAC15.79 Billion | +2.47% |
| 2019-09-30 | ZAC15.41 Billion | -11.78% |
| 2018-09-30 | ZAC17.47 Billion | +2.37% |
| 2017-09-30 | ZAC17.06 Billion | +6.41% |
| 2016-09-30 | ZAC16.03 Billion | +16.38% |
| 2015-09-30 | ZAC13.78 Billion | -1.22% |
| 2014-09-30 | ZAC13.95 Billion | +0.29% |
| 2013-09-30 | ZAC13.91 Billion | +18.90% |
| 2012-09-30 | ZAC11.70 Billion | +14.15% |
| 2011-09-30 | ZAC10.25 Billion | +19.11% |
| 2010-09-30 | ZAC8.60 Billion | +18.07% |
| 2009-09-30 | ZAC7.28 Billion | +17.14% |
| 2008-09-30 | ZAC6.22 Billion | +3.67% |
| 2007-09-30 | ZAC6.00 Billion | +28.94% |
| 2006-09-30 | ZAC4.65 Billion | +37.88% |
| 2005-09-30 | ZAC3.37 Billion | -19.36% |
| 2004-09-30 | ZAC4.18 Billion | +20.62% |
| 2003-09-30 | ZAC3.47 Billion | +21.73% |
| 2002-09-30 | ZAC2.85 Billion | +57.62% |
| 2001-09-30 | ZAC1.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tiger Brands Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1905800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC19.06 Billion | 112.21% |
| Common Stock | ZAC17.00 Million | 0.10% |
| Other Comprehensive Income | ZAC178.00 Million | 1.05% |
| Total Equity | ZAC16.98 Billion | 100.00% |
Tiger Brands Ltd Competitors by Market Cap
The table below lists competitors of Tiger Brands Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SRV Group plc
HE:SRV1V
|
$28.51 Million |
|
Nano Labs Ltd
NASDAQ:NA
|
$28.52 Million |
|
FERMENTALG EO -04
F:1F6
|
$28.53 Million |
|
Tier1 Technology S.A.
MC:TR1
|
$28.53 Million |
|
Ocean Group JSC
VN:OGC
|
$28.51 Million |
|
Dogusan Boru Sanayi ve Ticaret AS
IS:DOGUB
|
$28.49 Million |
|
Hyundai Industrial Co. Ltd
KQ:170030
|
$28.49 Million |
|
NicOx S.A.
PA:ALCOX
|
$28.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tiger Brands Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,978,700,000 to 16,984,000,000, a change of -994,700,000 (-5.5%).
- Net income of 3,817,000,000 contributed positively to equity growth.
- Dividend payments of 3,548,000,000 reduced retained earnings.
- Share repurchases of 1,523,000,000 reduced equity.
- New share issuances of 6,000,000 increased equity.
- Other comprehensive income decreased equity by 2,043,800,000.
- Other factors increased equity by 2,297,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC3.82 Billion | +22.47% |
| Dividends Paid | ZAC3.55 Billion | -20.89% |
| Share Repurchases | ZAC1.52 Billion | -8.97% |
| Share Issuances | ZAC6.00 Million | +0.04% |
| Other Comprehensive Income | ZAC-2.04 Billion | -12.03% |
| Other Changes | ZAC2.30 Billion | +13.53% |
| Total Change | ZAC- | -5.53% |
Book Value vs Market Value Analysis
This analysis compares Tiger Brands Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 272.37x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 2876.51x to 272.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-09-30 | ZAC10.32 | ZAC29680.00 | x |
| 2002-09-30 | ZAC16.26 | ZAC29680.00 | x |
| 2003-09-30 | ZAC19.79 | ZAC29680.00 | x |
| 2004-09-30 | ZAC23.94 | ZAC29680.00 | x |
| 2005-09-30 | ZAC19.31 | ZAC29680.00 | x |
| 2006-09-30 | ZAC27.91 | ZAC29680.00 | x |
| 2007-09-30 | ZAC36.16 | ZAC29680.00 | x |
| 2008-09-30 | ZAC36.48 | ZAC29680.00 | x |
| 2009-09-30 | ZAC44.19 | ZAC29680.00 | x |
| 2010-09-30 | ZAC51.72 | ZAC29680.00 | x |
| 2011-09-30 | ZAC60.98 | ZAC29680.00 | x |
| 2012-09-30 | ZAC69.51 | ZAC29680.00 | x |
| 2013-09-30 | ZAC78.61 | ZAC29680.00 | x |
| 2014-09-30 | ZAC80.28 | ZAC29680.00 | x |
| 2015-09-30 | ZAC84.15 | ZAC29680.00 | x |
| 2016-09-30 | ZAC93.67 | ZAC29680.00 | x |
| 2017-09-30 | ZAC101.13 | ZAC29680.00 | x |
| 2018-09-30 | ZAC104.57 | ZAC29680.00 | x |
| 2019-09-30 | ZAC91.76 | ZAC29680.00 | x |
| 2020-09-30 | ZAC93.61 | ZAC29680.00 | x |
| 2021-09-30 | ZAC92.85 | ZAC29680.00 | x |
| 2022-09-30 | ZAC94.33 | ZAC29680.00 | x |
| 2023-09-30 | ZAC107.80 | ZAC29680.00 | x |
| 2024-09-30 | ZAC113.74 | ZAC29680.00 | x |
| 2025-09-30 | ZAC108.97 | ZAC29680.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tiger Brands Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.10%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 1.59x
- Recent ROE (22.47%) is below the historical average (27.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 56.68% | 5.76% | 1.72x | 5.74x | ZAC798.37 Million |
| 2002 | 49.84% | 6.74% | 1.92x | 3.85x | ZAC1.09 Billion |
| 2003 | 37.69% | 5.46% | 2.06x | 3.36x | ZAC924.12 Million |
| 2004 | 34.45% | 5.49% | 2.07x | 3.02x | ZAC990.87 Million |
| 2005 | 48.38% | 10.47% | 1.63x | 2.84x | ZAC1.24 Billion |
| 2006 | 51.52% | 13.95% | 1.61x | 2.30x | ZAC1.86 Billion |
| 2007 | 38.77% | 13.84% | 1.35x | 2.08x | ZAC1.66 Billion |
| 2008 | 39.47% | 11.43% | 1.57x | 2.20x | ZAC1.70 Billion |
| 2009 | 35.59% | 12.17% | 1.75x | 1.67x | ZAC1.79 Billion |
| 2010 | 26.36% | 11.35% | 1.49x | 1.56x | ZAC1.36 Billion |
| 2011 | 26.21% | 12.65% | 1.26x | 1.64x | ZAC1.60 Billion |
| 2012 | 24.05% | 11.99% | 1.27x | 1.58x | ZAC1.59 Billion |
| 2013 | 19.95% | 9.51% | 1.07x | 1.96x | ZAC1.28 Billion |
| 2014 | 15.33% | 6.72% | 1.21x | 1.89x | ZAC702.46 Million |
| 2015 | 12.49% | 5.47% | 1.27x | 1.80x | ZAC344.09 Million |
| 2016 | 21.26% | 10.43% | 1.29x | 1.58x | ZAC1.75 Billion |
| 2017 | 18.56% | 9.97% | 1.31x | 1.43x | ZAC1.44 Billion |
| 2018 | 13.88% | 8.43% | 1.19x | 1.38x | ZAC670.90 Million |
| 2019 | 25.34% | 13.22% | 1.32x | 1.45x | ZAC2.34 Billion |
| 2020 | 9.55% | 5.01% | 1.33x | 1.43x | ZAC-69.71 Million |
| 2021 | 12.17% | 6.12% | 1.36x | 1.47x | ZAC337.60 Million |
| 2022 | 18.42% | 8.42% | 1.42x | 1.54x | ZAC1.31 Billion |
| 2023 | 15.77% | 7.21% | 1.45x | 1.51x | ZAC986.83 Million |
| 2024 | 16.84% | 8.04% | 1.42x | 1.47x | ZAC1.23 Billion |
| 2025 | 22.47% | 11.10% | 1.28x | 1.59x | ZAC2.12 Billion |
Industry Comparison
This section compares Tiger Brands Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,841,080,553
- Average return on equity (ROE) among peers: 10.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tiger Brands Ltd (TBS) | ZAC17.24 Billion | 56.68% | 0.56x | $28.51 Million |
| AH-Vest Limited (AHL) | $15.44 Million | -15.86% | 1.86x | $28.20K |
| Avi Ltd (AVI) | $3.68 Billion | 29.52% | 0.79x | $18.18 Million |
| Brimstone Investment Corporation Limited (BRN) | $3.10 Billion | 1.42% | 0.45x | $684.28K |
| Libstar Holdings Ltd (LBR) | $5.42 Billion | 4.10% | 0.81x | $1.45 Million |
| Oceana (OCE) | $3.56 Billion | 17.15% | 1.95x | $3.47 Million |
| RCL Foods Ltd (RCL) | $2.86 Billion | 13.44% | 0.67x | $4.07 Million |
| RFG Holdings Ltd (RFG) | $1.25 Billion | 22.93% | 1.48x | $3.34 Million |