Company Valuation: Bid Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,03,487 1,02,497 1,38,025 1,42,503 1,56,680 1,48,018 - -
Change - -0.96% 34.66% 3.24% 9.95% -5.53% - -
Enterprise Value (EV) 1 1,09,483 1,10,291 1,47,615 1,53,135 1,71,118 1,61,979 1,60,760 1,59,346
Change - 0.74% 33.84% 3.74% 11.74% -5.34% -0.75% -0.88%
P/E 33.5x 21.3x 20.1x 17.8x 19.3x 16.4x 15.5x 14.2x
PBR 3.7x 3.34x 3.47x 3.37x 3.33x 2.9x 2.7x 2.52x
PEG - 0.4x 0.5x 1.1x 10.62x 1.6x 2.54x 1.51x
Capitalization / Revenue 0.9x 0.7x 0.7x 0.63x 0.67x 0.6x 0.58x 0.54x
EV / Revenue 0.95x 0.75x 0.75x 0.68x 0.73x 0.66x 0.63x 0.58x
EV / EBITDA 15.6x 12.2x 11.1x 9.89x 10.3x 9.55x 9x 8.28x
EV / EBIT 22.3x 14.5x 14x 12.6x 13.2x 12.2x 11.5x 10.6x
EV / FCF 27.4x 21.9x 16.5x 19.1x 17.9x 24.2x 21.5x 17.4x
FCF Yield 3.65% 4.56% 6.05% 5.24% 5.57% 4.13% 4.66% 5.75%
Dividend per Share 2 4 7 9.4 10.9 11.6 12.42 13.46 14.04
Rate of return 1.29% 2.28% 2.27% 2.57% 2.48% 2.82% 3.06% 3.19%
EPS 2 9.232 14.4 20.56 23.83 24.27 26.82 28.46 31.13
Distribution rate 43.3% 48.6% 45.7% 45.7% 47.8% 46.3% 47.3% 45.1%
Net sales 1 1,14,803 1,47,138 1,96,341 2,25,900 2,35,591 2,45,358 2,56,749 2,74,567
EBITDA 1 7,037 9,052 13,248 15,489 16,618 16,955 17,859 19,250
EBIT 1 4,917 7,591 10,509 12,177 12,953 13,238 13,921 15,013
Net income 1 3,089 4,825 6,886 8,010 8,174 9,039 9,604 10,376
Net Debt 1 5,995 7,795 9,590 10,632 14,438 13,960 12,742 11,328
Reference price 2 309.61 306.81 413.29 424.87 467.43 440.55 440.55 440.55
Nbr of stocks (in thousands) 3,34,250 3,34,072 3,33,966 3,35,404 3,35,194 3,35,985 - -
Announcement Date 30/09/21 24/08/22 29/08/23 27/08/24 27/08/25 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.43x0.66x9.55x2.82% 896.28Cr
20.54x0.71x12.26x0.94% 1.09TCr
44.15x0.99x15.18x-.--% 389.75Cr
12.59x0.29x6.52x5.85% 229.41Cr
13.45x0.35x6.02x5.03% 60Cr
-32.87x - - - 59Cr
12.71x0.31x6.03x6.99% 46Cr
Average 12.43x 0.55x 9.26x 3.61% 395.17Cr
Weighted average by Cap. 20.45x 0.68x 11.05x 2.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  3. BID Stock
  4. Valuation Bid Corporation Limited