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South African (JSE) Hospitality Industry Analysis

UpdatedMay 24, 2026
DataAggregated Company Financials
Companies7
  • 7D0.4%
  • 3M-1.2%
  • 1Y3.7%
  • YTD2.6%

The Hospitality is pretty flat in the last 7 days, but Tsogo Sun has stood out, gaining 6.0%. As for the the longer term, the industry is up 3.7% over the past 12 months. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

Has the South African Hospitality Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 May 2026R43.8bR46.2bR5.2b10.9x8.5x0.9x
Tue, 21 Apr 2026R43.7bR45.5bR4.9b11.1x8.9x1x
Thu, 19 Mar 2026R41.7bR45.5bR4.9b10.7x8.5x0.9x
Sat, 14 Feb 2026R44.5bR45.0bR4.8b11.2x9.3x1x
Mon, 12 Jan 2026R43.7bR45.0bR4.8b11.7x9.1x1x
Wed, 10 Dec 2025R42.1bR45.0bR4.8b11.2x8.8x0.9x
Fri, 07 Nov 2025R40.4bR44.9bR4.8b10.8x8.3x0.9x
Sun, 05 Oct 2025R39.6bR44.7bR4.8b10.3x8.2x0.9x
Tue, 02 Sep 2025R41.1bR44.4bR4.5b11x9.1x0.9x
Thu, 31 Jul 2025R41.9bR44.3bR4.5b11.3x9.4x0.9x
Sat, 28 Jun 2025R41.4bR44.3bR4.5b10.7x9.2x0.9x
Mon, 26 May 2025R41.5bR44.3bR4.6b11.4x9x0.9x
Wed, 23 Apr 2025R38.5bR43.7bR4.4b10.7x8.7x0.9x
Fri, 21 Mar 2025R42.0bR43.8bR4.5b11.3x9.3x1x
Sun, 16 Feb 2025R43.0bR43.3bR4.3b12.1x10x1x
Tue, 14 Jan 2025R44.0bR43.3bR4.3b12.3x10.3x1x
Thu, 12 Dec 2024R47.8bR43.3bR4.3b12.6x11.2x1.1x
Sat, 09 Nov 2024R47.8bR43.4bR4.4b13x10.9x1.1x
Mon, 07 Oct 2024R48.2bR43.3bR4.3b12.6x11.1x1.1x
Wed, 04 Sep 2024R45.3bR43.0bR4.3b12.3x10.5x1.1x
Fri, 02 Aug 2024R41.4bR42.8bR4.3b11.9x9.6x1x
Sun, 30 Jun 2024R39.7bR42.8bR4.3b11.4x9.2x0.9x
Tue, 28 May 2024R39.3bR43.0bR4.7b10.6x8.3x0.9x
Thu, 25 Apr 2024R38.9bR42.4bR4.6b10.3x8.5x0.9x
Sat, 23 Mar 2024R39.0bR42.4bR4.6b10.5x8.5x0.9x
Mon, 19 Feb 2024R41.8bR41.8bR4.2b12.4x9.9x1x
Wed, 17 Jan 2024R42.3bR42.2bR4.2b12.4x10x1x
Fri, 15 Dec 2023R43.2bR42.2bR4.2b11.8x10.2x1x
Sun, 12 Nov 2023R40.9bR41.1bR4.1b12.6x10x1x
Tue, 10 Oct 2023R42.7bR40.8bR4.1b12x10.3x1x
Thu, 07 Sep 2023R42.2bR40.0bR4.0b11.3x10.7x1.1x
Sat, 05 Aug 2023R39.6bR39.5bR3.9b10.6x10x1x
Mon, 03 Jul 2023R40.2bR39.5bR3.9b11x10.2x1x
Wed, 31 May 2023R40.7bR39.0bR3.5b12.8x11.5x1x
Price to Earnings Ratio

11.5x


Total Market Cap: R40.7bTotal Earnings: R3.5bTotal Revenue: R39.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Hospitality Industry Price to Earnings3Y Average 9.6x202420252026
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 8.5x which is lower than its 3-year average PE of 9.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Hospitality industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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-0.81%
Consumer Discretionary-1.80%
Hospitality0.44%
Casinos and Gaming1.70%
Restaurants0.61%
Hotels, Resorts and Cruise Lines-1.09%
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 11.8x.
    • Analysts are expecting annual earnings growth of 9.9%, which is lower than the prior year's growth of 11.7% per year.
  • Investors are most pessimistic about the Casinos and Gaming industry, which is trading below its 3-year average of 7.9x.
Forecasted Growth
  • Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 9.9% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 6.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TSG Tsogo SunR7.376.0%
+R423.0m		-8.8%PE6.2x
FBR Famous BrandsR50.151.4%
+R20.3m		-19.5%PE8.3x
SUR SpurR42.020.05%
+R1.6m		25.6%PE11.6x

Latest News

SSU
R10.09
Southern Sun
7D
-1.1%
1Y
12.1%
FBR
R50.15
Famous Brands
7D
1.4%
1Y
-19.5%
SUI
R46.73
Sun International
7D
-1.0%
1Y
16.0%
GPL
R2.07
Grand Parade Investments
7D
-1.4%
1Y
-23.3%
SUR
R42.02
Spur
7D
0.05%
1Y
25.6%
CLH
R4.20
City Lodge Hotels
7D
-1.2%
1Y
2.4%
TSG
R7.37
Tsogo Sun
7D
6.0%
1Y
-8.8%
Analysis Article • Jan 24

Tsogo Sun Limited's (JSE:TSG) Earnings Are Not Doing Enough For Some Investors

Tsogo Sun Limited's ( JSE:TSG ) price-to-earnings (or "P/E") ratio of 7.1x might make it look like a buy right now...