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Bidvest / Bidcorp (BVT) ZAR

Sector: Food & services

ZA_BVT

Price chart

239.1 ZARDay -0.53%

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
239.1 ZAR · -0.53%
Market cap
81.4 bn ZAR

Growth

Δ revenue y/y
3.7%
Δ EBITDA y/y
7.3%

Multiples

P/E (LTM)
13.4x
P/B (FY)
2.1x
P/E (ann.)
11.7x
EV/EBITDA (LTM)
6.9x
EV/EBITDA (ann.)
6.5x

Cash return

Dividend yield
3.9%
FCF yield (LTM)
5.3%

Value creation

fundamental value/yr, % of market cap
Value created / year
-0.4%
↓ details

Liquidity

Daily turnover (listing)
173.1 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 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
2025-12-31H1 2026 (6M)OK66.7
y/y 3.7%
6.4
y/y 7.3%
2.3
y/y 7.6%
8.7
y/y 7.3%
3.5
y/y 0.4%
3.9-1.3121.8
y/y 4.4%
42.7
y/y 6.2%
17.2%30.6Link
2025-06-30H2 2025 (6M)OK62.2
y/y 4.4%
5.3
y/y 1.1%
2.3
y/y 12.4%
7.5
y/y 4.2%
2.6
y/y 436.9%
3.8-2.0124.6
y/y 10.7%
38.0
y/y 7.7%
15.5%32.9—
2024-12-31H1 2025 (6M)OK64.4
y/y 5.4%
6.0
y/y -0.4%
2.1
y/y 8.4%
8.1
y/y 1.8%
3.5
y/y -41.3%
2.4-1.5116.7
y/y 5.0%
40.2
y/y 7.6%
18.3%28.2Link
2024-06-30H2 2024 (6M)OK59.6
y/y —
5.2
y/y —
2.0
y/y —
7.2
y/y —
0.5
y/y —
4.6-1.8112.6
y/y 4.7%
35.3
y/y 7.1%
17.5%22.7—
2023-12-31H1 2024 (6M)OK61.1
y/y —
6.0
y/y —
2.0
y/y —
7.9
y/y —
5.9
y/y —
1.4-1.6111.2
y/y —
37.4
y/y —
33.4%22.7Link
2023-06-30FY 2023 (12M)OK114.9
y/y —
10.7
y/y —
3.9
y/y —
14.6
y/y —
6.0
y/y —
5.1-3.7107.5
y/y —
33.0
y/y —
—19.1—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

020 00040 00060 0002023 H12023 H22024 H12024 H22025 H12025 H2

Year-over-year change

-2%0%2%5%8%2023 H12023 H22024 H12024 H22025 H12025 H2

Cash flow

FCF (ZAR mln)

-6 000-4 000-2 00002 0004 0002023 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: -0.4%

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)
= (8 680 − 8 086) × 1.87
277
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (81 401 + 30 574) ÷ 16 198
6.9x
3. Target multiple
(Current EV/EBITDA + 8) ÷ 2
= (6.9 + 8) ÷ 2
7.5x
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
= (277 × 7.5 + -2 407) ÷ 81 401
-0.4%

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 13.4x (price to trailing 12-month earnings).
What is Bidvest / Bidcorp (BVT)'s EV/EBITDA?
Bidvest / Bidcorp (BVT) trades at 6.9x EV/EBITDA.
What is Bidvest / Bidcorp (BVT)'s P/B ratio?
Bidvest / Bidcorp (BVT) trades at a P/B of 2.1x.
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 17.2%.
What is Bidvest / Bidcorp (BVT)'s market capitalization?
Bidvest / Bidcorp (BVT)'s market cap is 81.4 bn ZAR.

See also: South African Stocks (2026): Gold, Cheap Banks and the JSE Discount · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map