Narrative Update • Jun 01
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South African (JSE) Hospitality Industry Analysis
UpdatedJun 03, 2026
DataAggregated Company Financials
Companies7
- 7D0.3%
- 3M5.2%
- 1Y4.1%
- YTD5.2%
The Hospitality is pretty flat in the last 7 days, but Tsogo Sun has stood out, gaining 5.1%. As for the the longer term, the industry is up 4.1% over the past 12 months. Earnings are forecast to grow by 7.3% 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, 03 Jun 2026 | R44.3b | R46.3b | R5.3b | 10.9x | 8.4x | 1x |
| Fri, 01 May 2026 | R43.9b | R45.5b | R4.9b | 11.4x | 8.9x | 1x |
| Sun, 29 Mar 2026 | R42.7b | R45.5b | R4.9b | 11x | 8.7x | 0.9x |
| Tue, 24 Feb 2026 | R44.7b | R45.1b | R4.8b | 11.9x | 9.3x | 1x |
| Thu, 22 Jan 2026 | R43.4b | R45.0b | R4.8b | 11.8x | 9.1x | 1x |
| Sat, 20 Dec 2025 | R41.9b | R45.0b | R4.8b | 11.2x | 8.7x | 0.9x |
| Mon, 17 Nov 2025 | R40.3b | R44.9b | R4.8b | 10.6x | 8.3x | 0.9x |
| Wed, 15 Oct 2025 | R39.9b | R44.7b | R4.8b | 10.6x | 8.3x | 0.9x |
| Fri, 12 Sep 2025 | R40.2b | R44.6b | R4.8b | 10.4x | 8.4x | 0.9x |
| Sun, 10 Aug 2025 | R40.9b | R44.2b | R4.5b | 10.8x | 9.1x | 0.9x |
| Tue, 08 Jul 2025 | R42.4b | R44.3b | R4.5b | 11.2x | 9.5x | 1x |
| Thu, 05 Jun 2025 | R42.2b | R44.3b | R4.5b | 11.5x | 9.4x | 1x |
| Sat, 03 May 2025 | R41.3b | R43.7b | R4.4b | 11.3x | 9.3x | 0.9x |
| Mon, 31 Mar 2025 | R40.5b | R43.7b | R4.4b | 11.2x | 9.1x | 0.9x |
| Wed, 26 Feb 2025 | R42.2b | R43.3b | R4.3b | 11.4x | 9.8x | 1x |
| Fri, 24 Jan 2025 | R44.7b | R43.3b | R4.3b | 12.5x | 10.4x | 1x |
| Sun, 22 Dec 2024 | R47.6b | R43.3b | R4.3b | 13.3x | 11.1x | 1.1x |
| Tue, 19 Nov 2024 | R47.9b | R43.4b | R4.4b | 13.6x | 11x | 1.1x |
| Thu, 17 Oct 2024 | R48.4b | R43.3b | R4.3b | 13x | 11.1x | 1.1x |
| Sat, 14 Sep 2024 | R45.5b | R43.3b | R4.3b | 11.4x | 10.6x | 1.1x |
| Mon, 12 Aug 2024 | R41.8b | R42.8b | R4.3b | 12x | 9.7x | 1x |
| Wed, 10 Jul 2024 | R41.0b | R42.8b | R4.3b | 11.8x | 9.5x | 1x |
| Fri, 07 Jun 2024 | R38.3b | R42.8b | R4.3b | 10.1x | 8.9x | 0.9x |
| Sun, 05 May 2024 | R39.2b | R42.4b | R4.6b | 10.6x | 8.6x | 0.9x |
| Tue, 02 Apr 2024 | R38.8b | R42.4b | R4.6b | 10.6x | 8.5x | 0.9x |
| Thu, 29 Feb 2024 | R41.3b | R41.9b | R4.3b | 12.4x | 9.7x | 1x |
| Sat, 27 Jan 2024 | R42.1b | R42.2b | R4.2b | 12.4x | 10x | 1x |
| Mon, 25 Dec 2023 | R43.2b | R42.2b | R4.2b | 12.6x | 10.2x | 1x |
| Wed, 22 Nov 2023 | R41.7b | R41.1b | R4.1b | 12.7x | 10.3x | 1x |
| Fri, 20 Oct 2023 | R42.6b | R40.8b | R4.1b | 11.4x | 10.3x | 1x |
| Sun, 17 Sep 2023 | R42.0b | R40.8b | R4.1b | 11.3x | 10.2x | 1x |
| Tue, 15 Aug 2023 | R40.0b | R39.7b | R3.9b | 11.3x | 10.1x | 1x |
| Thu, 13 Jul 2023 | R39.3b | R39.5b | R3.9b | 10.7x | 10x | 1x |
| Sat, 10 Jun 2023 | R42.6b | R39.5b | R3.9b | 10.8x | 10.8x | 1.1x |
Price to Earnings Ratio
10.8x
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 8.4x 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 10% per year over the last three years.
- Revenues for these companies have grown 5.4% 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 | -1.55% | |
| Consumer Discretionary | 3.78% | |
| Hospitality | 0.28% | |
| Hotels, Resorts and Cruise Lines | 1.02% | |
| Casinos and Gaming | 0.94% | |
| Restaurants | -2.27% | |
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 10.2%, 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 7.8x.
Forecasted Growth
- Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 10% 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 2.3% 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 | R7.88 | 5.1% +R368.7m | -0.6% | PE5.9x | |
| SSU Southern Sun | R10.28 | 1.3% +R171.0m | 11.0% | PE10.9x | |
| FBR Famous Brands | R52.34 | 0.7% +R34.7m | -17.6% | PE8.6x |