Company Valuation: Bid Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 103,487 102,497 138,025 142,503 156,680 139,612 - -
Change - -0.96% 34.66% 3.24% 9.95% -10.89% - -
Enterprise Value (EV) 1 109,483 110,291 147,615 153,135 171,118 152,776 150,784 148,535
Change - 0.74% 33.84% 3.74% 11.74% -10.72% -1.3% -1.49%
P/E ratio 33.5x 21.3x 20.1x 17.8x 19.3x 15.8x 14.6x 13.3x
PBR 3.7x 3.34x 3.47x 3.37x 3.33x 2.73x 2.53x 2.34x
PEG - 0.4x 0.5x 1.1x 10.62x 1.81x 1.84x 1.33x
Capitalization / Revenue 0.9x 0.7x 0.7x 0.63x 0.67x 0.57x 0.54x 0.5x
EV / Revenue 0.95x 0.75x 0.75x 0.68x 0.73x 0.62x 0.58x 0.54x
EV / EBITDA 15.6x 12.2x 11.1x 9.89x 10.3x 8.95x 8.33x 7.61x
EV / EBIT 22.3x 14.5x 14x 12.6x 13.2x 11.5x 10.7x 9.74x
EV / FCF 27.4x 21.9x 16.5x 19.1x 17.9x 23.3x 20.8x 16.5x
FCF Yield 3.65% 4.56% 6.05% 5.24% 5.57% 4.3% 4.8% 6.05%
Dividend per Share 2 4 7 9.4 10.9 11.6 12.23 13.39 14.69
Rate of return 1.29% 2.28% 2.27% 2.57% 2.48% 2.94% 3.22% 3.54%
EPS 2 9.232 14.4 20.56 23.83 24.27 26.38 28.47 31.31
Distribution rate 43.3% 48.6% 45.7% 45.7% 47.8% 46.4% 47% 46.9%
Net sales 1 114,803 147,138 196,341 225,900 235,591 246,005 259,080 277,348
EBITDA 1 7,037 9,052 13,248 15,489 16,618 17,077 18,109 19,525
EBIT 1 4,917 7,591 10,509 12,177 12,953 13,277 14,095 15,244
Net income 1 3,089 4,825 6,886 8,010 8,174 8,958 9,674 10,516
Net Debt 1 5,995 7,795 9,590 10,632 14,438 13,164 11,172 8,923
Reference price 2 309.61 306.81 413.29 424.87 467.43 415.53 415.53 415.53
Nbr of stocks (in thousands) 334,250 334,072 333,966 335,404 335,194 335,985 - -
Announcement Date 9/30/21 8/24/22 8/29/23 8/27/24 8/27/25 - - -
1ZAR in Million2ZAR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.75x0.62x8.95x2.94% 8.49B
22.28x0.77x13.2x0.79% 11.54B
37.12x0.83x12.77x-.--% 3.15B
12.09x0.29x6.76x5.85% 2.35B
13.35x0.36x6.06x4.65% 660M
14.11x0.34x6.5x6.48% 548M
-21.43x - - -.--% 404M
Average 13.32x 0.54x 9.04x 2.96% 3.88B
Weighted average by Cap. 20.04x 0.67x 10.92x 2.01%

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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  4. Valuation Bid Corporation Limited