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Bidvest Group ZAR

Bidvest Group provides foodservice solutions, distributing fresh ingredients and non-food catering supplies to hospitality, institutional, and retail sectors across multiple countries. It also manufactures and distributes meat, poultry, dairy, and baking products.

Sector: Industrial / Services

ZA_BID

Price chart

434.98 ZARDay -0.00%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
434.98 ZAR · -0.00%
Market cap
145.4 bn ZAR

Growth

Δ revenue y/y
-1.5%
Δ EBITDA y/y
1.1%

Multiples

P/E (LTM)
16.2x
P/B (FY)
3.1x
P/E (ann.)
15.9x
EV/EBITDA (LTM)
8.7x
EV/EBITDA (ann.)
8.7x

Cash return

Dividend yield
2.9%
FCF yield (LTM)
-0.5%

Value creation

fundamental value/yr, % of market cap
Value created / year
-9.6%
↓ details

Liquidity

Daily turnover (listing)
334.5 mln ZAR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB ZAROperating profitB ZARD&AB ZAREBITDAB ZARNet profitB ZAROperating CFB ZARCapex + M&AB ZARAssetsB ZAREquityB ZARROE (annualized)Net debtB ZARSource
2026-06-30H2 2026 (6M)OK115.9
y/y -1.5%
6.8
y/y 2.0%
1.8
y/y -2.0%
8.6
y/y 1.1%
4.6
y/y 3.3%
10.0-2.1116.4
y/y -3.8%
47.5
y/y 0.5%
18.9%3.8Link
2025-12-31H1 2026 (6M)OK126.3
y/y 7.1%
6.6
y/y 7.6%
1.9
y/y 7.9%
8.5
y/y 7.7%
4.4
y/y 16.7%
4.6-2.8113.7
y/y 4.5%
47.0
y/y 5.8%
18.6%7.8Link
2025-06-30H2 2025 (6M)OK117.6
y/y 4.9%
6.6
y/y 5.4%
1.9
y/y 9.3%
8.5
y/y 6.2%
4.4
y/y 5.5%
4.9-3.1121.0
y/y 12.4%
47.3
y/y 12.1%
17.8%-11.8Report (PDF)
2024-12-31H1 2025 (6M)OK117.9
y/y 3.6%
6.1
y/y 6.6%
1.8
y/y 12.2%
7.9
y/y 7.8%
3.8
y/y -1.8%
3.3-3.3108.8
y/y 5.7%
44.4
y/y 7.8%
17.4%8.1Link
2024-06-30H2 2024 (6M)OK112.1
y/y —
6.3
y/y —
1.7
y/y —
8.0
y/y —
4.2
y/y —
5.4-3.0107.7
y/y 1.0%
42.2
y/y 6.0%
19.2%3.1Link
2023-12-31H1 2024 (6M)OK113.8
y/y —
5.7
y/y —
1.6
y/y —
7.3
y/y —
3.8
y/y —
1.5-2.9103.0
y/y —
41.2
y/y —
18.9%6.2Link
2023-06-30FY 2023 (12M)OK196.3
y/y —
10.6
y/y —
2.7
y/y —
13.3
y/y —
6.9
y/y —
7.7-4.4106.6
y/y —
39.8
y/y —
—2.1Link

Net debt structure (leases included, IFRS 16) 2025-06-30

Short-term debt (incl. ST leases)0
Long-term debt (incl. LT leases)0
− Cash & equivalents11 769
Net debt-11 769

Net debt / LTM EBITDA: -0.7x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

050 000100 000150 0002023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Year-over-year change

-10%0%10%20%2023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Cash flow

FCF (ZAR mln)

-4 000-2 00002 0004 0006 0008 0002023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Net debt / cash (ZAR mln)

-15 000-10 000-5 00005 00010 0002023 H12023 FY2024 H12024 FY2025 H12025 FY2026 H12026 FY

Profit and cash

Profit is cash-backed
In a typical year of 2022–2026 operating cash flow came to 1.00x of reported net profit; after capex, 0.22x.
year20222023202420252026
cash flow / profit0.68x1.11x0.87x1.00x1.63x
accruals, % of assets1.9%-0.7%1.0%-0.0%-4.8%
Last twelve months (to 2026-06-30): 1.63x of profit came back as operating cash flow.
net debt / EBITDA 0.2x · capex 1.6x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -9.6%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (8 624 − 8 527) × 1.99
193
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (145 389 + 3 821) ÷ 17 146
8.7x
3. Target multiple
(Current EV/EBITDA + 8) ÷ 2
= (8.7 + 8) ÷ 2
8.4x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -15 590 + 0 + 0 − 0
-15 590
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (193 × 8.4 + -15 590) ÷ 145 389
-9.6%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • half-year basis (semi-annual reporter)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +3% vs +4% the year before — a -1.5 pp move. 3-year CAGR +7%.
revenue growth by year: 2024 +15% · 2025 +4% · 2026 +3%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-22625 ZAREx-dividend: 625 ZAR per sharePaidYahoo Finance (ex-div)
2026-03-25615 ZAREx-dividend: 615 ZAR per sharePaidYahoo Finance (ex-div)
2025-09-23600 ZAREx-dividend: 600 ZAR per sharePaidYahoo Finance (ex-div)
2025-03-26560 ZAREx-dividend: 560 ZAR per sharePaidYahoo Finance (ex-div)
2024-09-25565 ZAREx-dividend: 565 ZAR per sharePaidYahoo Finance (ex-div)
2024-03-19525 ZAREx-dividend: 525 ZAR per sharePaidYahoo Finance (ex-div)
2023-09-27500 ZAREx-dividend: 500 ZAR per sharePaidYahoo Finance (ex-div)
2023-03-22440 ZAREx-dividend: 440 ZAR per sharePaidYahoo Finance (ex-div)
2022-09-21400 ZAREx-dividend: 400 ZAR per sharePaidYahoo Finance (ex-div)
2022-03-23300 ZAREx-dividend: 300 ZAR per sharePaidYahoo Finance (ex-div)
2021-10-20400 ZAREx-dividend: 400 ZAR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.bidvest.co.za/investor-centre.php

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Bidvest Group — from primary filings.

Frequently asked questions

What is Bidvest Group's P/E ratio?
Bidvest Group trades at a P/E of 16.2x (price to trailing 12-month earnings).
What is Bidvest Group's EV/EBITDA?
Bidvest Group trades at 8.7x EV/EBITDA.
What is Bidvest Group's P/B ratio?
Bidvest Group trades at a P/B of 3.1x.
What is Bidvest Group's dividend yield?
Bidvest Group's trailing 12-month dividend yield is 2.9%.
What is Bidvest Group's return on equity (ROE)?
Bidvest Group's ROE is 19.2%.
What is Bidvest Group's market capitalization?
Bidvest Group's market cap is 145.4 bn ZAR.

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