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TSG

Tsogo Sun GamingJSE:TSG Stock Report

Market Cap

R11.1b

7D

-1.8%

1Y

178.5%

Updated

18 Oct, 2021

Data

Company Financials
TSG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health0/6
Dividends0/6

TSG Overview

Tsogo Sun Gaming Limited, together with its subsidiaries, engages in the gaming and entertainment business in South Africa.

Tsogo Sun Gaming Competitors

Sun International

JSE:SUI

R7.0b

Whitbread

LSE:WTB

UK£6.6b

Meliá Hotels International

BME:MEL

€1.5b

Dalata Hotel Group

ISE:DHG

€936.0m

Price History & Performance

Summary of all time highs, changes and price drops for Tsogo Sun Gaming
Historical stock prices
Current Share PriceR10.64
52 Week HighR3.37
52 Week LowR11.84
Beta1.52
1 Month Change11.88%
3 Month Change38.18%
1 Year Change178.53%
3 Year Change-47.77%
5 Year Change-65.34%
Change since IPO-39.89%

Recent News & Updates

Shareholder Returns

TSGZA HospitalityZA Market
7D-1.8%6.3%1.6%
1Y178.5%104.7%21.3%

Return vs Industry: TSG exceeded the ZA Hospitality industry which returned 104.7% over the past year.

Return vs Market: TSG exceeded the ZA Market which returned 21.3% over the past year.

Price Volatility

Is TSG's price volatile compared to industry and market?
TSG volatility
TSG Beta1.52
Industry Beta1.23
Market Beta1

Stable Share Price: TSG is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TSG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969n/aChris du Toithttps://www.tsogosungaming.com

Tsogo Sun Gaming Limited, together with its subsidiaries, engages in the gaming and entertainment business in South Africa. It operates casinos and hotels, limited payout machines (LPMs), and electronic bingo terminals. The company’s gaming and entertainment options include theatre productions, movies, restaurants, ten-pin bowling, a theme park, and others.

Tsogo Sun Gaming Fundamentals Summary

How do Tsogo Sun Gaming's earnings and revenue compare to its market cap?
TSG fundamental statistics
Market CapR11.13b
Earnings (TTM)R21.00m
Revenue (TTM)R5.69b

530.1x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TSG income statement (TTM)
RevenueR5.69b
Cost of RevenueR1.14b
Gross ProfitR4.55b
ExpensesR4.53b
EarningsR21.00m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.02
Gross Margin80.00%
Net Profit Margin0.37%
Debt/Equity Ratio730.9%

How did TSG perform over the long term?

See historical performance and comparison

Valuation

Is Tsogo Sun Gaming undervalued compared to its fair value and its price relative to the market?

530.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TSG (ZAR10.64) is trading above our estimate of fair value (ZAR0.94)

Significantly Below Fair Value: TSG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TSG is poor value based on its PE Ratio (530.1x) compared to the African Hospitality industry average (27.1x).

PE vs Market: TSG is poor value based on its PE Ratio (530.1x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TSG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TSG is overvalued based on its PB Ratio (7.6x) compared to the ZA Hospitality industry average (2.7x).


Future Growth

How is Tsogo Sun Gaming forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

46.5%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tsogo Sun Gaming has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Tsogo Sun Gaming performed over the past 5 years?

-42.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSG has a large one-off gain of ZAR71.0M impacting its March 31 2021 financial results.

Growing Profit Margin: TSG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TSG's earnings have declined by 42.7% per year over the past 5 years.

Accelerating Growth: TSG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TSG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (23.9%).


Return on Equity

High ROE: TSG's Return on Equity (1.8%) is considered low.


Financial Health

How is Tsogo Sun Gaming's financial position?


Financial Position Analysis

Short Term Liabilities: TSG's short term assets (ZAR1.3B) do not cover its short term liabilities (ZAR2.1B).

Long Term Liabilities: TSG's short term assets (ZAR1.3B) do not cover its long term liabilities (ZAR11.9B).


Debt to Equity History and Analysis

Debt Level: TSG's debt to equity ratio (730.9%) is considered high.

Reducing Debt: TSG's debt to equity ratio has increased from 129.6% to 730.9% over the past 5 years.

Debt Coverage: TSG's debt is not well covered by operating cash flow (8.7%).

Interest Coverage: TSG's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

What is Tsogo Sun Gaming current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TSG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TSG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TSG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TSG is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TSG's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Chris du Toit (51 yo)

2.25yrs

Tenure

R6,573,000

Compensation

Mr. Chris G. du Toit, CA, FCMA has been Chief Executive Officer of Tsogo Sun Gaming Limited (formerly known as Tsogo Sun Holdings Limited) since July 1, 2019 and has been its Executive Director since June...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD447.54K) is below average for companies of similar size in the ZA market ($USD895.91K).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TSG's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: TSG's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tsogo Sun Gaming Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tsogo Sun Gaming Limited
  • Ticker: TSG
  • Exchange: JSE
  • Founded: 1969
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: R11.131b
  • Shares outstanding: 1.05b
  • Website: https://www.tsogosungaming.com

Number of Employees


Location

  • Tsogo Sun Gaming Limited
  • Palazzo Towers East
  • Montecasino Boulevard
  • Four Ways
  • Gauteng
  • 2055
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:40
End of Day Share Price2021/10/18 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.