Tiger Brands Ltd (TBS) - Net Assets

Latest as of September 2025: ZAC17.24 Billion ZAC ≈ $9.16 Million USD

Based on the latest financial reports, Tiger Brands Ltd (TBS) has net assets worth ZAC17.24 Billion ZAC (≈ $9.16 Million USD) 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 ≈ $14.33 Million USD) and total liabilities (ZAC9.72 Billion ≈ $5.16 Million USD). 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. Check TBS cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is Tiger Brands Ltd's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Tiger Brands Ltd.

Year Net Assets Change
2025-09-30 ZAC17.24 Billion
≈ $9.16 Million		 -5.26%
2024-09-30 ZAC18.20 Billion
≈ $9.67 Million		 +5.15%
2023-09-30 ZAC17.30 Billion
≈ $9.20 Million		 +10.27%
2022-09-30 ZAC15.69 Billion
≈ $8.34 Million		 -0.06%
2021-09-30 ZAC15.70 Billion
≈ $8.35 Million		 -0.54%
2020-09-30 ZAC15.79 Billion
≈ $8.39 Million		 +2.47%
2019-09-30 ZAC15.41 Billion
≈ $8.19 Million		 -11.78%
2018-09-30 ZAC17.47 Billion
≈ $9.28 Million		 +2.37%
2017-09-30 ZAC17.06 Billion
≈ $9.07 Million		 +6.41%
2016-09-30 ZAC16.03 Billion
≈ $8.52 Million		 +16.38%
2015-09-30 ZAC13.78 Billion
≈ $7.32 Million		 -1.22%
2014-09-30 ZAC13.95 Billion
≈ $7.41 Million		 +0.29%
2013-09-30 ZAC13.91 Billion
≈ $7.39 Million		 +18.90%
2012-09-30 ZAC11.70 Billion
≈ $6.22 Million		 +14.15%
2011-09-30 ZAC10.25 Billion
≈ $5.44 Million		 +19.11%
2010-09-30 ZAC8.60 Billion
≈ $4.57 Million		 +18.07%
2009-09-30 ZAC7.28 Billion
≈ $3.87 Million		 +17.14%
2008-09-30 ZAC6.22 Billion
≈ $3.31 Million		 +3.67%
2007-09-30 ZAC6.00 Billion
≈ $3.19 Million		 +28.94%
2006-09-30 ZAC4.65 Billion
≈ $2.47 Million		 +37.88%
2005-09-30 ZAC3.37 Billion
≈ $1.79 Million		 -19.36%
2004-09-30 ZAC4.18 Billion
≈ $2.22 Million		 +20.62%
2003-09-30 ZAC3.47 Billion
≈ $1.84 Million		 +21.73%
2002-09-30 ZAC2.85 Billion
≈ $1.51 Million		 +57.62%
2001-09-30 ZAC1.81 Billion
≈ $960.86K		 --

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
Krungthai Card PCL
BK:KTC
 $2.39 Billion
Krungthai Card Public Company Limited
BK:KTC-R
 $2.39 Billion
Beijing TRS Information Tech
SHE:300229
 $2.39 Billion
Bank of Xi'An Co Ltd
SHG:600928
 $2.39 Billion
ADAMA Ltd
SHE:000553
 $2.39 Billion
Levi Strauss & Co Class A
NYSE:LEVI
 $2.39 Billion
The Ramco Cements Limited
NSE:RAMCOCEM
 $2.39 Billion
Peab AB (publ)
ST:PEAB-B
 $2.39 Billion

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: 272.55x
  • 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 2878.45x to 272.55x 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 ZAC29700.00 x
2002-09-30 ZAC16.26 ZAC29700.00 x
2003-09-30 ZAC19.79 ZAC29700.00 x
2004-09-30 ZAC23.94 ZAC29700.00 x
2005-09-30 ZAC19.31 ZAC29700.00 x
2006-09-30 ZAC27.91 ZAC29700.00 x
2007-09-30 ZAC36.16 ZAC29700.00 x
2008-09-30 ZAC36.48 ZAC29700.00 x
2009-09-30 ZAC44.19 ZAC29700.00 x
2010-09-30 ZAC51.72 ZAC29700.00 x
2011-09-30 ZAC60.98 ZAC29700.00 x
2012-09-30 ZAC69.51 ZAC29700.00 x
2013-09-30 ZAC78.61 ZAC29700.00 x
2014-09-30 ZAC80.28 ZAC29700.00 x
2015-09-30 ZAC84.15 ZAC29700.00 x
2016-09-30 ZAC93.67 ZAC29700.00 x
2017-09-30 ZAC101.13 ZAC29700.00 x
2018-09-30 ZAC104.57 ZAC29700.00 x
2019-09-30 ZAC91.76 ZAC29700.00 x
2020-09-30 ZAC93.61 ZAC29700.00 x
2021-09-30 ZAC92.85 ZAC29700.00 x
2022-09-30 ZAC94.33 ZAC29700.00 x
2023-09-30 ZAC107.80 ZAC29700.00 x
2024-09-30 ZAC113.74 ZAC29700.00 x
2025-09-30 ZAC108.97 ZAC29700.00 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: $2,809,205,895
  • Average return on equity (ROE) among peers: 8.84%

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 $2.39 Billion
AH-Vest Limited (AHL) $19.56 Million 6.73% 3.52x $2.82 Million
Avi Ltd (AVI) $2.33 Billion 13.83% 0.89x $1.76 Billion
Brimstone Investment Corporation Limited (BRN) $3.29 Billion -6.09% 0.61x $56.41 Million
Brimstone Investment Corporation Ltd (BRT) $3.87 Billion -2.03% 1.82x $10.49 Million
Libstar Holdings Ltd (LBR) $4.09 Billion 4.91% 1.09x $145.61 Million
Oceana (OCE) $4.72 Billion 18.17% 1.27x $364.58 Million
RCL Foods Ltd (RCL) $1.92 Billion 24.69% 0.61x $430.33 Million
RFG Holdings Ltd (RFG) $2.24 Billion 10.49% 0.84x $345.79 Million

About Tiger Brands Ltd

JSE:TBS South Africa Packaged Foods
Market Cap
$2.39 Billion
ZAC4.50 Trillion ZAC
Market Cap Rank
#5668 Global
#43 in South Africa
Share Price
ZAC29700.00
Change (1 day)
+2.24%
52-Week Range
ZAC28440.00 - ZAC38087.00
All Time High
ZAC38087.00
Categories
Companies in South Africa Packaged Foods
About

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