There May Be Reason For Hope In Tsogo Sun's (JSE:TSG) Disappointing Earnings
Dec 05
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South African (JSE) Hospitality Industry Analysis
UpdatedJan 04, 2026
DataAggregated Company Financials
Companies7
- 7D1.0%
- 3M8.8%
- 1Y-7.3%
- YTD0%
The Hospitality industry is up 1.0% in the last week, with Tsogo Sun up 4.1%. In the past year, the industry is down 7.3%. Earnings are forecast to grow by 9.9% annually.
Industry Valuation and Performance
Has the South African Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 Jan 2026 | R43.0b | R45.0b | R4.8b | 11.3x | 9x | 1x |
| Tue, 02 Dec 2025 | R41.2b | R45.0b | R4.8b | 11x | 8.6x | 0.9x |
| Thu, 30 Oct 2025 | R40.1b | R44.9b | R4.8b | 10.5x | 8.3x | 0.9x |
| Sat, 27 Sep 2025 | R39.3b | R44.7b | R4.8b | 10x | 8.1x | 0.9x |
| Mon, 25 Aug 2025 | R41.0b | R44.4b | R4.5b | 11x | 9.1x | 0.9x |
| Wed, 23 Jul 2025 | R42.1b | R44.3b | R4.5b | 10.7x | 9.4x | 0.9x |
| Fri, 20 Jun 2025 | R40.9b | R44.3b | R4.5b | 11.2x | 9.1x | 0.9x |
| Sun, 18 May 2025 | R40.5b | R43.7b | R4.4b | 11.7x | 9.1x | 0.9x |
| Tue, 15 Apr 2025 | R38.3b | R43.7b | R4.4b | 10.8x | 8.6x | 0.9x |
| Thu, 13 Mar 2025 | R41.6b | R43.6b | R4.3b | 11.3x | 9.7x | 1x |
| Sat, 08 Feb 2025 | R43.6b | R43.3b | R4.3b | 12.1x | 10.2x | 1x |
| Mon, 06 Jan 2025 | R46.6b | R43.3b | R4.3b | 12.6x | 10.9x | 1.1x |
| Wed, 04 Dec 2024 | R47.5b | R43.3b | R4.3b | 12.6x | 11.1x | 1.1x |
| Fri, 01 Nov 2024 | R48.8b | R43.4b | R4.4b | 12.9x | 11.2x | 1.1x |
| Sun, 29 Sep 2024 | R48.7b | R43.3b | R4.3b | 12.5x | 11.2x | 1.1x |
| Tue, 27 Aug 2024 | R43.6b | R43.0b | R4.3b | 12.3x | 10.1x | 1x |
| Thu, 25 Jul 2024 | R40.4b | R42.8b | R4.3b | 11.2x | 9.4x | 0.9x |
| Sat, 22 Jun 2024 | R40.1b | R42.8b | R4.3b | 11.5x | 9.3x | 0.9x |
| Mon, 20 May 2024 | R40.5b | R42.4b | R4.6b | 11.4x | 8.9x | 1x |
| Wed, 17 Apr 2024 | R39.3b | R42.4b | R4.6b | 10.6x | 8.6x | 0.9x |
| Fri, 15 Mar 2024 | R40.2b | R42.2b | R4.3b | 11.5x | 9.4x | 1x |
| Sun, 11 Feb 2024 | R42.2b | R41.8b | R4.2b | 12.2x | 9.9x | 1x |
| Tue, 09 Jan 2024 | R42.0b | R42.2b | R4.2b | 12.5x | 9.9x | 1x |
| Thu, 07 Dec 2023 | R42.3b | R42.2b | R4.2b | 12.4x | 10x | 1x |
| Sat, 04 Nov 2023 | R41.1b | R41.1b | R4.1b | 12.4x | 10.1x | 1x |
| Mon, 02 Oct 2023 | R43.1b | R40.8b | R4.1b | 12.4x | 10.4x | 1.1x |
| Wed, 30 Aug 2023 | R41.0b | R40.0b | R4.0b | 11x | 10.4x | 1x |
| Fri, 28 Jul 2023 | R40.2b | R39.5b | R3.9b | 10.7x | 10.2x | 1x |
| Sun, 25 Jun 2023 | R40.7b | R39.5b | R3.9b | 10.8x | 10.3x | 1x |
| Tue, 23 May 2023 | R41.4b | R37.7b | R3.5b | 13.2x | 11.8x | 1.1x |
| Thu, 20 Apr 2023 | R42.8b | R37.7b | R3.5b | 12.6x | 12.3x | 1.1x |
| Sat, 18 Mar 2023 | R41.4b | R37.7b | R3.5b | 12.3x | 11.9x | 1.1x |
| Mon, 13 Feb 2023 | R39.9b | R34.9b | R3.3b | 15x | 12.1x | 1.1x |
| Wed, 11 Jan 2023 | R40.4b | R34.9b | R3.3b | 15.3x | 12.3x | 1.2x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are pessimistic on the South African Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.0x which is lower than its 3-year average PE of 10.0x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 8.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South African Consumer Discretionary industry?
| ZA Market | -0.58% | |
| Consumer Discretionary | -0.12% | |
| Hospitality | 1.04% | |
| Casinos and Gaming | 2.25% | |
| Restaurants | 0.57% | |
| Hotels, Resorts and Cruise Lines | 0.11% | |
Industry PE
- Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry, which is trading close to its 3-year average PE ratio of 12.6x.
- Analysts are expecting annual earnings growth of 15.3%, which is higher than its past year's earnings growth of 11.2% per year.
- Investors are most pessimistic about the Casinos and Gaming industry, which is trading below its 3-year average of 8.2x.
Forecasted Growth
- Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 5.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TSG Tsogo Sun | R7.19 | 4.1% +R291.1m | -28.2% | PE6.3x | |
| FBR Famous Brands | R53.65 | 2.7% +R139.3m | -21.9% | PE9.6x | |
| SUI Sun International | R38.76 | 0.9% +R80.0m | -8.9% | PE6.4x | |
| SSU Southern Sun | R10.41 | 0.3% +R40.3m | 18.4% | PE13.7x |
