Obermatt

Tsogo Sun

JNB:TSG · ZAE000273116
Hotels, Restaurants & LeisureMedium

360

79
EV / EBIT88
Price / Owner Earnings63
Owner Earnings Yield84
Dividend Yield92
Price/Sales61
EV / Gross Profit85
Price/Book55
Return on Capital89
Cash Return on Capital65
Return on Equity77
EBIT Margin79
Gross Profitability84
Cash Conversion40
Accruals40
Owner Earnings Margin70
Sales growth5
Profit Growth46
Long-Term EPS Growth36
Owner Earnings Growth78
Reinvestment23
Price momentum63
Debt load42
Refinancing42
Debt Payback53
Liquidity78
Analyst ratings7
Opinion Changes50
Price Target Upside22
Market mood38
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Tsogo Sun generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySouth Africa
IndustryHotels, Restaurants & Leisure
SizeMedium
TypePublic Company
ExchangeJSE
Employees1,712
ISINZAE000273116
Last UpdateApr 2, 2026
Themes
Entertainment SystemsTourismTravel Accommodations

Description

Tsogo Sun Limited (Tsogo Sun), an entertainment and gaming company, primarily engages in the casino and hospitality sectors across South Africa. The company's diverse portfolio encompasses numerous casinos, hotels, and other gaming establishments. B…

Analysis

Bargain bin

Tsogo Sun Limited is priced cheaply, and that invites the natural question of why, since the underlying business scores below average. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 6.2×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 18/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Flags to be aware of: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
46
20232026

All-time high

63

Mar 2026

All-time low

32

Jan 2023

Average rank

47

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
61
79
Price/Earnings
77
1
Price/Book
55
37
Dividend Yield
92
1
Value (overall)
85
20

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →