The Bidvest Group Limited
OTCPK:BDVS.Y Stock Report
Bidvest Group Balance Sheet Health
Financial Health criteria checks 4/6 Bidvest Group has a total shareholder equity of ZAR38.5B and total debt of ZAR31.8B, which brings its debt-to-equity ratio to 82.5%. Its total assets and total liabilities are ZAR112.6B and ZAR74.0B respectively. Bidvest Group's EBIT is ZAR11.6B making its interest coverage ratio 4.6. It has cash and short-term investments of ZAR7.0B.
Key information
82.5%
Debt to equity ratio
Interest coverage ratio 4.6x Cash R6.97b Equity R38.53b Total liabilities R74.05b Total assets R112.58b
Recent financial health updates
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The Bidvest Group Limited, Annual General Meeting, Nov 29, 2024 Oct 26
The Bidvest Group Limited Announces Retirement of Norman W Thomson as Non-Executive Director, Remuneration Committee Chairperson and Member of the Audit Committee Sep 25
The Bidvest Group Limited Appoints Daniel Masata as Independent Non- Executive Director and Member of the Risk and Acquisition Committees Sep 11
The Bidvest Group Limited Declares Final Gross Cash Dividend for the Year Ended June 30, 2024, Payable on September 30, 2024 Sep 02
The Bidvest Group Limited Declares Interim Gross Cash Dividend for the Six Months Ended 31 December 2023, Payable on 2 April 2024 Mar 04
The Bidvest Group Limited to Report First Half, 2024 Results on Mar 04, 2024 Nov 29
The Bidvest Group Limited, Annual General Meeting, Nov 28, 2023 Oct 28
The Bidvest Group Limited (JSE:BVT) acquired Consolidated Property Services (Australia) Pty Ltd. Sep 22
The Bidvest Group Limited (JSE:BVT) acquired Consolidated Property Services (Australia) Pty Ltd. Sep 21 The Bidvest Group Limited Declares Final Gross Cash Dividend for the Year Ended June 30, 2023, Payable on October 02, 2023
The Bidvest Group Limited Provides Group Earnings Guidance for the Year Ended June 30, 2023 Aug 22 The Bidvest Group Limited to Report Fiscal Year 2023 Final Results on Sep 04, 2023 The Bidvest Group Limited, Annual General Meeting, Nov 25, 2022 Sep 15
The Bidvest Group Limited Declares Final Gross Cash Dividend for the Financial Year Ended 30 June 2022, Payable on 3 October 2022 Sep 07 The Bidvest Group Limited Declares Final Gross Cash Dividend for the Financial Year Ended 30 June 2022, Payable on 3 October 2022 Sep 06
The Bidvest Group Limited (JSE:BVT) acquired B.I.C. Services Pty. Limited for an enterprise value of AUD 160 million. Jul 08
The Bidvest Group Limited Announces Cash Dividend Declaration for the Six Months Ended 31 December 2021, Payable March 28, 2022 Feb 28
The Bidvest Group Limited Updates Earnings Guidance for the Financial Year to 30 June 2021 Aug 24
The Bidvest Group Limited Provides Financial Guidance for the Financial Year to 30 June 2021 Jun 02
National Aviation Service WLL, Colossal Africa Infrastructure (Pty) Ltd and consortium comprised of the executive management team of Bidair Services, have signed an agreement to acquire BidAir Services from the Bidvest Group. Apr 27
The Bidvest Group Limited Announces Board Changes Mar 14 The Bidvest Group Announces Appointment of Hannah Sadiki as Chief Executive
The Bidvest Group Limited to Report Fiscal Year 2020 Results on Sep 14, 2020 Aug 16
The Bidvest Group Limited (JSE:BVT) acquired UAV and Drone Solutions Proprietary Limited for ZAR 500 million. Jul 31
Makana Investment Corporation acquired Renfreight (Pty) Limited from The Bidvest Group Limited (JSE:BVT) for SAR 110 million. Jul 30
Financial Position Analysis
Short Term Liabilities: BDVS.Y's short term assets (ZAR44.8B) exceed its short term liabilities (ZAR39.3B).
Long Term Liabilities: BDVS.Y's short term assets (ZAR44.8B) exceed its long term liabilities (ZAR34.8B).
Debt to Equity History and Analysis
Debt Level: BDVS.Y's net debt to equity ratio (64.5%) is considered high .
Reducing Debt: BDVS.Y's debt to equity ratio has increased from 55.7% to 82.5% over the past 5 years.
Debt Coverage: BDVS.Y's debt is well covered by operating cash flow (29.1%).
Interest Coverage: BDVS.Y's interest payments on its debt are well covered by EBIT (4.6x coverage).
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