The Bidvest Group Limited

JSE:BVT Stock Report

Market Cap: R94.1b

Bidvest Group Valuation

Is BVT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BVT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BVT (ZAR281.05) is trading below our estimate of fair value (ZAR285.02)

Significantly Below Fair Value: BVT is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BVT?

Key metric: As BVT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BVT. This is calculated by dividing BVT's market cap by their current earnings.
What is BVT's PE Ratio?
PE Ratio15x
EarningsR6.37b
Market CapR94.08b

Price to Earnings Ratio vs Peers

How does BVT's PE Ratio compare to its peers?

The above table shows the PE ratio for BVT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.5x
HCI Hosken Consolidated Investments
24.2xn/aR15.9b
RLO Reunert
13.3x16.9%R13.0b
KAP KAP
7.4x18.1%R8.0b
BAW Barloworld
9.2x6.6%R17.0b
BVT Bidvest Group
15x8.5%R94.1b

Price-To-Earnings vs Peers: BVT is expensive based on its Price-To-Earnings Ratio (15x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

How does BVT's PE Ratio compare vs other companies in the Global Industrials Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BVT 15.0xIndustry Avg. 13.3xNo. of Companies24PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BVT is expensive based on its Price-To-Earnings Ratio (15x) compared to the Global Industrials industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is BVT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BVT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: BVT is expensive based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BVT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR281.05
R335.48
+19.4%
4.3%R363.85R321.00n/a6
Nov ’25R286.63
R332.81
+16.1%
4.7%R363.85R320.00n/a6
Oct ’25R288.18
R320.31
+11.1%
6.7%R363.85R294.00n/a6
Sep ’25R291.20
R306.06
+5.1%
2.5%R315.00R294.00n/a6
Aug ’25R271.59
R300.19
+10.5%
5.3%R315.00R265.00n/a7
Jul ’25R289.25
R295.33
+2.1%
5.5%R315.00R265.00n/a7
Jun ’25R245.62
R295.33
+20.2%
5.5%R315.00R265.00n/a7
May ’25R246.24
R295.33
+19.9%
5.5%R315.00R265.00n/a7
Apr ’25R242.51
R294.76
+21.5%
5.6%R315.00R265.00n/a7
Mar ’25R234.72
R283.33
+20.7%
6.7%R308.00R245.00n/a6
Feb ’25R243.12
R286.67
+17.9%
7.2%R308.00R245.00n/a6
Jan ’25R252.29
R290.00
+14.9%
7.5%R308.00R245.00n/a6
Dec ’24R235.00
R290.00
+23.4%
7.5%R308.00R245.00n/a6
Nov ’24R266.10
R301.17
+13.2%
4.2%R319.00R280.00R286.636
Oct ’24R272.78
R299.83
+9.9%
4.7%R319.00R280.00R288.186
Sep ’24R283.06
R292.20
+3.2%
4.8%R305.00R265.00R291.205
Aug ’24R278.92
R292.20
+4.8%
4.8%R305.00R265.00R271.595
Jul ’24R261.63
R292.20
+11.7%
4.8%R305.00R265.00R289.255
Jun ’24R241.53
R287.20
+18.9%
5.2%R305.00R265.00R245.625
May ’24R250.55
R284.20
+13.4%
6.9%R305.00R250.00R246.245
Apr ’24R253.42
R284.20
+12.1%
6.9%R305.00R250.00R242.515
Mar ’24R236.58
R256.60
+8.5%
6.1%R273.00R230.00R234.725
Feb ’24R228.69
R256.60
+12.2%
6.1%R273.00R230.00R243.125
Jan ’24R214.39
R256.60
+19.7%
6.1%R273.00R230.00R252.295
Dec ’23R222.73
R256.60
+15.2%
6.1%R273.00R230.00R235.005
Nov ’23R213.68
R255.00
+19.3%
6.9%R273.00R230.00R266.104

Analyst Forecast: Target price is less than 20% higher than the current share price.

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