Tsogo Sun Limited's (JSE:TSG) Earnings Are Not Doing Enough For Some Investors
Jan 24
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South African (JSE) Hospitality Industry Analysis
UpdatedApr 21, 2026
DataAggregated Company Financials
Companies7
- 7D-1.1%
- 3M1.3%
- 1Y11.2%
- YTD2.3%
Over the last 7 days, the Hospitality industry has dropped 1.1%, driven by a pullback from Tsogo Sun of 3.6%. On the other hand Grand Parade Investments is actually up 19%. In the past year, the industry has gained 11%. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Wed, 22 Apr 2026 | R43.7b | R45.5b | R4.9b | 11.1x | 8.9x | 1x |
| Fri, 20 Mar 2026 | R41.9b | R45.5b | R4.9b | 10.7x | 8.5x | 0.9x |
| Sun, 15 Feb 2026 | R44.5b | R45.0b | R4.8b | 11.2x | 9.3x | 1x |
| Tue, 13 Jan 2026 | R43.5b | R45.0b | R4.8b | 12.1x | 9.1x | 1x |
| Thu, 11 Dec 2025 | R41.6b | R45.0b | R4.8b | 11x | 8.7x | 0.9x |
| Sat, 08 Nov 2025 | R40.0b | R44.9b | R4.8b | 10.9x | 8.3x | 0.9x |
| Mon, 06 Oct 2025 | R39.6b | R44.7b | R4.8b | 10.3x | 8.2x | 0.9x |
| Wed, 03 Sep 2025 | R40.6b | R44.4b | R4.5b | 10.7x | 9x | 0.9x |
| Fri, 01 Aug 2025 | R42.4b | R44.3b | R4.5b | 11.6x | 9.5x | 1x |
| Sun, 29 Jun 2025 | R41.4b | R44.3b | R4.5b | 10.7x | 9.2x | 0.9x |
| Tue, 27 May 2025 | R41.8b | R44.3b | R4.6b | 11.3x | 9.1x | 0.9x |
| Thu, 24 Apr 2025 | R39.2b | R43.7b | R4.4b | 10.9x | 8.8x | 0.9x |
| Sat, 22 Mar 2025 | R41.9b | R43.8b | R4.5b | 11.3x | 9.3x | 1x |
| Mon, 17 Feb 2025 | R43.0b | R43.3b | R4.3b | 12.1x | 10x | 1x |
| Wed, 15 Jan 2025 | R44.2b | R43.3b | R4.3b | 12.6x | 10.3x | 1x |
| Fri, 13 Dec 2024 | R48.0b | R43.3b | R4.3b | 12.9x | 11.2x | 1.1x |
| Sun, 10 Nov 2024 | R47.8b | R43.4b | R4.4b | 13x | 10.9x | 1.1x |
| Tue, 08 Oct 2024 | R48.5b | R43.3b | R4.3b | 12.6x | 11.2x | 1.1x |
| Thu, 05 Sep 2024 | R45.1b | R43.0b | R4.3b | 12.2x | 10.5x | 1x |
| Sat, 03 Aug 2024 | R41.3b | R42.8b | R4.3b | 11.7x | 9.6x | 1x |
| Mon, 01 Jul 2024 | R39.7b | R42.8b | R4.3b | 11.4x | 9.2x | 0.9x |
| Wed, 29 May 2024 | R39.5b | R43.0b | R4.7b | 10.6x | 8.3x | 0.9x |
| Fri, 26 Apr 2024 | R38.6b | R42.4b | R4.6b | 10.5x | 8.5x | 0.9x |
| Sun, 24 Mar 2024 | R39.0b | R42.4b | R4.6b | 10.5x | 8.5x | 0.9x |
| Tue, 20 Feb 2024 | R41.8b | R41.8b | R4.2b | 12.1x | 9.8x | 1x |
| Thu, 18 Jan 2024 | R42.1b | R42.2b | R4.2b | 12.3x | 10x | 1x |
| Sat, 16 Dec 2023 | R43.2b | R42.2b | R4.2b | 11.8x | 10.2x | 1x |
| Mon, 13 Nov 2023 | R40.9b | R41.1b | R4.1b | 12.6x | 10x | 1x |
| Wed, 11 Oct 2023 | R43.2b | R40.8b | R4.1b | 12x | 10.5x | 1.1x |
| Fri, 08 Sep 2023 | R41.4b | R40.0b | R4.0b | 11.3x | 10.5x | 1x |
| Sun, 06 Aug 2023 | R39.6b | R39.5b | R3.9b | 10.6x | 10x | 1x |
| Tue, 04 Jul 2023 | R39.5b | R39.5b | R3.9b | 10.8x | 10x | 1x |
| Thu, 01 Jun 2023 | R41.0b | R38.8b | R3.5b | 12.5x | 11.6x | 1.1x |
| Sat, 29 Apr 2023 | R41.8b | R37.7b | R3.5b | 12.5x | 12x | 1.1x |
Price to Earnings Ratio
12x
Current Industry PE
- Investors are relatively neutral on the South African Hospitality industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.7x.
- The industry is trading close to its 3-year average PS ratio of 0.99x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 6.5% 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 | 0.30% | |
| Consumer Discretionary | 3.52% | |
| Hospitality | -1.09% | |
| Restaurants | 0.44% | |
| Hotels, Resorts and Cruise Lines | -0.75% | |
| Casinos and Gaming | -2.20% | |
Industry PE
- Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry which is trading above its 3-year average PE ratio of 11.9x.
- Analysts are expecting annual earnings growth of 15.3%, which is higher than its past year's earnings growth of 6.0% per year.
- Investors are most pessimistic about the Casinos and Gaming industry, which is trading below its 3-year average of 8.0x.
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 6.0% per year.
- In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 3.3% 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 | |
|---|---|---|---|---|---|
| GPL Grand Parade Investments | R2.15 | 16.2% +R128.2m | -22.7% | PE17.6x | |
| SUR Spur | R40.80 | 1.3% +R42.6m | 30.2% | PE11.2x |