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Bidvest / Bidcorp (BVT) USD

Sector: Food & services

ZA_BVT

Price chart

242 ZARDay -0.73%

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
242 ZAR · -0.73%
Market cap
5.1 bn USD

Growth

Δ revenue y/y
6.8%
Δ EBITDA y/y
10.5%

Multiples

P/E (LTM)
15.3x
P/B (FY)
2.4x
P/E (ann.)
13.2x
EV/EBITDA (LTM)
39.9x
EV/EBITDA (ann.)
36.7x

Cash return

Dividend yield
3.9%
FCF yield (LTM)
-46.8%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
212.9 mln ZAR

Shares: yahoo_fundamentals_timeseries/BVT.JO

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 M USD, 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.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2025-12-31H1 2026 (6M)OK3747.0
y/y 6.8%
359.5
y/y 10.5%
127.8
y/y 10.8%
487.3
y/y 10.5%
194.6
y/y 3.4%
220.4-1317.77357.5
y/y 19.1%
2578.8
y/y 21.2%
16.5%30573.6Link
2025-06-30H2 2025 (6M)OK3378.6
y/y 7.3%
285.3
y/y 4.2%
122.9
y/y 15.5%
408.2
y/y 7.3%
141.9
y/y 595.4%
209.0-1990.17006.4
y/y 13.3%
2139.5
y/y 10.3%
15.5%32894.2
2024-12-31H1 2025 (6M)OK3509.8
y/y 4.8%
325.4
y/y -0.9%
115.4
y/y 7.8%
440.8
y/y 1.2%
188.3
y/y -41.6%
130.0-1500.56178.0
y/y 2.3%
2127.5
y/y 4.9%
18.5%28166.6Link
2024-06-30H2 2024 (6M)OK3148.1
y/y
273.9
y/y
106.5
y/y
380.4
y/y
20.4
y/y
244.3-1772.26181.4
y/y 8.9%
1939.5
y/y 11.3%
17.3%22708.7
2023-12-31H1 2024 (6M)OK3348.0
y/y
328.5
y/y
107.0
y/y
435.5
y/y
322.3
y/y
78.6-1626.56036.4
y/y
2028.5
y/y
34.2%22678.8Link
2023-06-30FY 2023 (12M)OK6362.8
y/y
594.0
y/y
215.6
y/y
809.7
y/y
330.7
y/y
279.9-3715.25676.9
y/y
1742.1
y/y
19102.9

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

01 0002 0003 0004 0002023 H12023 H22024 H12024 H22025 H12025 H2

Year-over-year change

-5%0%5%10%2023 H12023 H22024 H12024 H22025 H12025 H2

Cash flow

FCF (ZAR mln)

-300-200-10001002002023 H12023 H22024 H12024 H22025 H12025 H2

Net debt / cash (ZAR mln)

010 00020 00030 0002023 H12023 FY2024 H12024 FY2025 H12025 FY

Profit and cash

Profit is broadly cash-backed
In a typical year of 2022–2025 operating cash flow came to 0.98x of reported net profit; after capex, 0.43x.
year2022202320242025
cash flow / profit1.14x0.85x0.94x1.03x
accruals, % of assets-0.8%0.9%0.3%-0.1%
Last twelve months (to 2025-12-31): 1.28x of profit came back as operating cash flow.
net debt / EBITDA 2.1x · capex 0.9x 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.

Fundamental value creation

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

Value created per year: -38.7%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2025-12-31 vs 2024-12-31)
= (487 − 441) × 1.87
22
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (5 148 + 30 574) ÷ 912
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 8) ÷ 2
= (30.0 + 8) ÷ 2
19.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -2 407 + 0 + 0 − 0
-2 407
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (22 × 19.0 + -2 407) ÷ 5 148
-38.7%

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
  • growth discounted x0.25: EBITDA grew but net profit FELL while net debt rose - debt-funded growth not reaching equity (interest drag)

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +5% vs +5% the year before — a -0.2 pp move. 3-year CAGR +8%.
revenue growth by year: 2023 +15% · 2024 +5% · 2025 +5%
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
2026-03-25495 ZAREx-dividend: 495 ZAR per sharePaidYahoo Finance (ex-div)
2025-09-23453 ZAREx-dividend: 453 ZAR per sharePaidYahoo Finance (ex-div)
2025-03-26470 ZAREx-dividend: 470 ZAR per sharePaidYahoo Finance (ex-div)
2024-09-25447 ZAREx-dividend: 447 ZAR per sharePaidYahoo Finance (ex-div)
2024-03-26467 ZAREx-dividend: 467 ZAR per sharePaidYahoo Finance (ex-div)
2023-09-27439 ZAREx-dividend: 439 ZAR per sharePaidYahoo Finance (ex-div)
2023-03-29437 ZAREx-dividend: 437 ZAR per sharePaidYahoo Finance (ex-div)
2022-09-28364 ZAREx-dividend: 364 ZAR per sharePaidYahoo Finance (ex-div)
2022-03-23380 ZAREx-dividend: 380 ZAR per sharePaidYahoo Finance (ex-div)
2021-09-29310 ZAREx-dividend: 310 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).

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 / Bidcorp (BVT) — from primary filings.

Bidvest is a South African investment holding company with diverse operations in services, trading, and distribution, including healthcare products, automotive services, freight management, and building supplies.

Frequently asked questions

What is Bidvest / Bidcorp (BVT)'s P/E ratio?
Bidvest / Bidcorp (BVT) trades at a P/E of 15.3x (price to trailing 12-month earnings).
What is Bidvest / Bidcorp (BVT)'s EV/EBITDA?
Bidvest / Bidcorp (BVT) trades at 39.9x EV/EBITDA.
What is Bidvest / Bidcorp (BVT)'s P/B ratio?
Bidvest / Bidcorp (BVT) trades at a P/B of 2.4x.
What is Bidvest / Bidcorp (BVT)'s dividend yield?
Bidvest / Bidcorp (BVT)'s trailing 12-month dividend yield is 3.9%.
What is Bidvest / Bidcorp (BVT)'s return on equity (ROE)?
Bidvest / Bidcorp (BVT)'s ROE is 16.5%.
What is Bidvest / Bidcorp (BVT)'s market capitalization?
Bidvest / Bidcorp (BVT)'s market cap is 5.1 bn USD.

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