Bid Corporation Limited provides foodservice solutions worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||R330.73|
|52 Week High||R220.11|
|52 Week Low||R343.99|
|1 Month Change||3.88%|
|3 Month Change||4.32%|
|1 Year Change||38.46%|
|3 Year Change||21.34%|
|5 Year Change||36.10%|
|Change since IPO||8.79%|
Recent News & Updates
|BID||ZA Consumer Retailing||ZA Market|
Return vs Industry: BID exceeded the ZA Consumer Retailing industry which returned 31.6% over the past year.
Return vs Market: BID exceeded the ZA Market which returned 20.8% over the past year.
Stable Share Price: BID is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BID's weekly volatility (3%) has been stable over the past year.
About the Company
Bid Corporation Limited provides foodservice solutions worldwide. The company manufactures and distributes fresh ingredients, including fish, seafood, meat, produce, dairy products, and ambient goods for the hospitality, institutional, catering, and retail sectors. It also provides foodservice and beverage distribution services for the HoReCa sector; and develops e-commerce solutions.
Bid Fundamentals Summary
|BID fundamental statistics|
Is BID overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BID income statement (TTM)|
|Cost of Revenue||R87.30b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||9.25|
|Net Profit Margin||2.69%|
How did BID perform over the long term?See historical performance and comparison
1.2%Current Dividend Yield
Is Bid undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BID (ZAR330.73) is trading above our estimate of fair value (ZAR243.08)
Significantly Below Fair Value: BID is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BID is poor value based on its PE Ratio (35.8x) compared to the ZA Consumer Retailing industry average (29.4x).
PE vs Market: BID is poor value based on its PE Ratio (35.8x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: BID is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: BID is good value based on its PB Ratio (4x) compared to the ZA Consumer Retailing industry average (6.2x).
How is Bid forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BID's forecast earnings growth (27.5% per year) is above the savings rate (8.8%).
Earnings vs Market: BID's earnings (27.5% per year) are forecast to grow faster than the ZA market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BID's revenue (10.8% per year) is forecast to grow faster than the ZA market (6.2% per year).
High Growth Revenue: BID's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BID's Return on Equity is forecast to be low in 3 years time (17.4%).
How has Bid performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BID has high quality earnings.
Growing Profit Margin: BID's current net profit margins (2.7%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: BID's earnings have declined by 10.9% per year over the past 5 years.
Accelerating Growth: BID's earnings growth over the past year (112.6%) exceeds its 5-year average (-10.9% per year).
Earnings vs Industry: BID earnings growth over the past year (112.6%) exceeded the Consumer Retailing industry 11.8%.
Return on Equity
High ROE: BID's Return on Equity (11.1%) is considered low.
How is Bid's financial position?
Financial Position Analysis
Short Term Liabilities: BID's short term assets (ZAR31.7B) exceed its short term liabilities (ZAR29.6B).
Long Term Liabilities: BID's short term assets (ZAR31.7B) exceed its long term liabilities (ZAR11.5B).
Debt to Equity History and Analysis
Debt Level: BID's debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: BID's debt to equity ratio has increased from 29.7% to 30.7% over the past 5 years.
Debt Coverage: BID's debt is well covered by operating cash flow (67.5%).
Interest Coverage: BID's interest payments on its debt are well covered by EBIT (7.2x coverage).
What is Bid current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BID's dividend (1.21%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.11%).
High Dividend: BID's dividend (1.21%) is low compared to the top 25% of dividend payers in the ZA market (8.07%).
Stability and Growth of Payments
Stable Dividend: BID is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.
Growing Dividend: BID is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BID is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BID's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bernard Berson (55 yo)
Mr. Bernard Larry Berson, CA, BComm, BAcc has been Chief Executive Officer and Executive Director of BID Corporation Limited since April 14, 2016 and March 20, 2016 respectively. Mr. Berson serves as the C...
CEO Compensation Analysis
Compensation vs Market: Bernard's total compensation ($USD6.40M) is above average for companies of similar size in the ZA market ($USD1.70M).
Compensation vs Earnings: Bernard's compensation has increased by more than 20% in the past year.
Experienced Management: BID's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: BID's board of directors are considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bid Corporation Limited's employee growth, exchange listings and data sources
- Name: Bid Corporation Limited
- Ticker: BID
- Exchange: JSE
- Founded: 1988
- Industry: Food Distributors
- Sector: Consumer Retailing
- Market Cap: R110.488b
- Shares outstanding: 334.07m
- Website: https://www.bidcorpgroup.com
Number of Employees
- Bid Corporation Limited
- North Wing
- 2nd Floor
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 22:05|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.