Tiger Brands Ltd.

Tiger Brands is a manufacturer of branded food products. Co. provides a range of categories spanning food, home and personal care products. Co. operates through:The Grains division, which includes maize and wheat milling, bakeries, sorghum beverages and breakfast, rice, oats and pulses, and pasta; The Consumer brands division, which provides groceries, snacks and treats, beverages, value added meat products, out of home, home, personal care and baby; The Exports and International division, which includes, among others, Tiger Brands International Langeberg & Ashton Foods, and Chocolaterie Confiserie Camerounaise; and Nigeria business, which comprises of Deli Foods and Dangote Flour Mills.
  • Ticker1052
  • ISINZAE000071080
  • ExchangeJohannesburg Stock Exchange
  • SectorFood Producers
  • CountrySouth Africa

With a more favourable environment, TIGER BRANDS LTD. improves to Slightly Positive

TIGER BRANDS LTD. (ZA), a company active in the Food Products industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date July 7, 2020, the closing price was ZAR 186.49 and its potential was estimated at ZAR 207.22.

Jiten Bechoo ...
  • Pratish Soni

Tiger Brands | ESG | Pressed to execute

TBS receives a corporate governance score of 3.37 out of 5 (FY '18: 3.42) and is rated as ‘good'. TBS receives an ESG risk score of 2.6 (FY '18: 2.6) which we consider moderate. As in FY '18, there were various changes to the Board which raises corporate governance concerns surrounding succession planning and the execution of strategies. Post year-end, L Mac Dougall retired as CEO of the Group. N Doyle has become the new CEO of the Group as of 1 Feb '20. We note the corporate governance concerns around the appointment of N Doyle given that he left the Group at an important juncture in FY '...

Jiten Bechoo ...
  • Pratish Soni

Tiger Brands | Wheat and chaff

A challenging consumer environment, declining market share and poor execution have reduced TBS's earnings to 8% y/y in FY '19 and cumulatively by 22% over the past two years (ex-value-added meats and Oceana). TBS's grains business contributes c.45% to group revenue and margins fell from 18% to 11% over two years (c.24% decline of grains EBIT y/y in FY ‘19). Grains businesses are increasingly commoditised, competitive and are at perpetual risk of input price volatility. A c.R550m loss in Value-Added Meat Products (VAMP) in FY '19 comparison to a historical average profit of c.R120m pa, also ...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Jiten Bechoo ...
  • Pratish Soni

Tiger Brands | Walking the talk

We believe Tiger Brands diverse portfolio of strong brands, provides its management with a good platform to accelerate top line growth and earnings. Management needs to regain credibility by: 1. Further consolidating its portfolio by disposing of underperforming assets. The Deli Foods and UAC Foods Nigerian businesses are currently under review. 2. A more effective turnaround strategy for the VAMP business post the Listeriosis crisis. 3. Defending market share in core categories such as bread, rice and breakfast cereals. 4. Driving innovation to increase mix towards premium, higher mar...

A director sold 1,533 shares at 418.500ZAR and

A director at Tiger Brands sold 1,533 shares at 418.500ZAR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Jiten Bechoo ...
  • Pratish Soni

Tiger Brands | ESG | Pressed to execute

TBS receives a corporate governance score of 3.37 out of 5 (FY '18: 3.42) and is rated as ‘good'. TBS receives an ESG risk score of 2.6 (FY '18: 2.6) which we consider moderate. As in FY '18, there were various changes to the Board which raises corporate governance concerns surrounding succession planning and the execution of strategies. Post year-end, L Mac Dougall retired as CEO of the Group. N Doyle has become the new CEO of the Group as of 1 Feb '20. We note the corporate governance concerns around the appointment of N Doyle given that he left the Group at an important juncture in FY '...

Jiten Bechoo ...
  • Pratish Soni

Tiger Brands | Wheat and chaff

A challenging consumer environment, declining market share and poor execution have reduced TBS's earnings to 8% y/y in FY '19 and cumulatively by 22% over the past two years (ex-value-added meats and Oceana). TBS's grains business contributes c.45% to group revenue and margins fell from 18% to 11% over two years (c.24% decline of grains EBIT y/y in FY ‘19). Grains businesses are increasingly commoditised, competitive and are at perpetual risk of input price volatility. A c.R550m loss in Value-Added Meat Products (VAMP) in FY '19 comparison to a historical average profit of c.R120m pa, also ...