Tiger Brands Limited's (JSE:TBS) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue? [Yahoo! Finance]
TIGER BRANDS LTD S/ADR (TBLMY)
NASDAQ:AMEX Investor Relations:
tigerbrands.com/invest-2/investor-contacts
Company Research
Source: Yahoo! Finance
However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. Specifically, we decided to study Tiger Brands' ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital. View our latest analysis for Tiger Brands How Do You Calculate Return On Equity? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Tiger Brands is: 16% = R2.7b ÷ R17b (Based on the trailing twelve months to September 2023). The 'return' is the yearly profit. Another way to think of that is that for every ZAR1 worth of equity, the company was able to earn ZAR0.16 in profit. What Has ROE Got To Do With
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