Bid Future Growth

Future criteria checks 3/6

Bid is forecast to grow earnings and revenue by 10.5% and 6.9% per annum respectively. EPS is expected to grow by 9.2% per annum. Return on equity is forecast to be 21.4% in 3 years.

Key information

10.5%

Earnings growth rate

9.2%

EPS growth rate

Consumer Retailing earnings growth	14.3%
Revenue growth rate	6.9%
Future return on equity	21.4%
Analyst coverage	Good
Last updated	25 Mar 2024

Recent future growth updates

Recent updates

It's Probably Less Likely That Bid Corporation Limited's (JSE:BID) CEO Will See A Huge Pay Rise This Year

Nov 11

The Price Is Right For Bid Corporation Limited (JSE:BID)

Oct 21

Is Bid (JSE:BID) Using Too Much Debt?

Sep 06

Are Bid Corporation Limited (JSE:BID) Investors Paying Above The Intrinsic Value?

Aug 24

Be Wary Of Bid (JSE:BID) And Its Returns On Capital

Jul 11

Earnings and Revenue Growth Forecasts

JSE:BID - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	261,788	9,745	7,166	14,516	7
6/30/2025	245,288	8,800	6,179	13,300	7
6/30/2024	229,407	7,883	4,085	11,110	7
12/31/2023	218,395	7,466	4,807	10,197	N/A
9/30/2023	207,368	7,176	5,426	10,340	N/A
6/30/2023	196,341	6,886	6,045	10,483	N/A
3/31/2023	181,800	6,382	4,129	8,325	N/A
12/31/2022	167,259	5,879	2,213	6,166	N/A
9/30/2022	157,199	5,352	2,481	5,999	N/A
6/30/2022	147,138	4,825	2,749	5,831	N/A
3/31/2022	136,466	4,320	2,581	5,232	N/A
12/31/2021	125,793	3,816	2,414	4,632	N/A
9/30/2021	120,298	3,452	3,134	5,227	N/A
6/30/2021	114,803	3,089	3,854	5,823	N/A
3/31/2021	113,900	1,793	3,631	5,804	N/A
12/31/2020	112,997	497	3,407	5,786	N/A
9/30/2020	116,786	975	3,321	5,964	N/A
6/30/2020	120,574	1,453	3,235	6,142	N/A
3/31/2020	126,245	3,239	2,868	5,949	N/A
12/31/2019	131,373	4,930	2,659	5,915	N/A
9/30/2019	130,312	4,883	1,929	5,113	N/A
6/30/2019	129,250	4,836	1,198	4,312	N/A
3/31/2019	126,086	4,611	1,789	4,675	N/A
12/31/2018	122,921	4,387	2,381	5,039	N/A
9/30/2018	120,312	4,296	2,173	4,719	N/A
6/30/2018	117,703	4,206	1,965	4,399	N/A
3/31/2018	115,984	4,208	1,435	3,849	N/A
12/31/2017	114,266	4,210	905	3,300	N/A
9/30/2017	112,367	4,115	N/A	3,601	N/A
6/30/2017	110,468	4,020	N/A	3,902	N/A
3/31/2017	119,163	3,866	N/A	4,913	N/A
12/31/2016	127,858	3,712	N/A	5,924	N/A
9/30/2016	131,698	3,496	N/A	5,601	N/A
6/30/2016	135,538	3,280	N/A	5,278	N/A
6/30/2015	109,804	2,515	N/A	4,043	N/A
6/30/2014	95,760	1,955	N/A	2,484	N/A
6/30/2013	76,877	1,476	N/A	2,564	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BID's forecast earnings growth (10.5% per year) is above the savings rate (9.5%).

Earnings vs Market: BID's earnings (10.5% per year) are forecast to grow slower than the ZA market (16.3% per year).

High Growth Earnings: BID's earnings are forecast to grow, but not significantly.

Revenue vs Market: BID's revenue (6.9% per year) is forecast to grow faster than the ZA market (3.4% per year).

High Growth Revenue: BID's revenue (6.9% 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 high in 3 years time (21.4%)

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Bid Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Bid Corporation Limited Provides Earnings Guidance for the Year Ended June 30, 2023

Consensus EPS estimates increase by 10%

Analysts lower EPS estimates to R9.18

Analysts increase EPS estimates to R12.37

Price target raised to R276

Recent updates

Bid (JSE:BID) Has More To Do To Multiply In Value Going Forward

Bid Corporation Limited's (JSE:BID) Shareholders Might Be Looking For Exit

CFO & Executive Director recently sold R6.8m worth of stock

Upcoming dividend of R5.25 per share

CEO & Executive Director recently sold R27m worth of stock

Bid (JSE:BID) Seems To Use Debt Quite Sensibly

First half dividend of R5.25 announced

We Ran A Stock Scan For Earnings Growth And Bid (JSE:BID) Passed With Ease

Bid (JSE:BID) Hasn't Managed To Accelerate Its Returns

Bid Corporation Limited's (JSE:BID) Shares May Have Run Too Fast Too Soon

CEO & Executive Director recently sold R25m worth of stock

Bid Corporation Limited to Report Fiscal Year 2024 Results on Aug 28, 2024

We Think Bid Corporation Limited's (JSE:BID) CEO Compensation Looks Fair

Bid Corporation Limited, Annual General Meeting, Nov 22, 2023

Returns On Capital At Bid (JSE:BID) Have Hit The Brakes

Does Bid (JSE:BID) Deserve A Spot On Your Watchlist?

Upcoming dividend of R5.00 per share at 1.9% yield

Is Bid (JSE:BID) Using Too Much Debt?

Full year 2023 earnings released

Bid Corporation Limited Provides Earnings Guidance for the Year Ended June 30, 2023

Returns On Capital At Bid (JSE:BID) Have Hit The Brakes

Bid (JSE:BID) Has A Pretty Healthy Balance Sheet

Do Bid's (JSE:BID) Earnings Warrant Your Attention?

Here's What To Make Of Bid's (JSE:BID) Decelerating Rates Of Return

Upcoming dividend of R4.40 per share at 2.3% yield

These 4 Measures Indicate That Bid (JSE:BID) Is Using Debt Reasonably Well

Consensus EPS estimates increase by 10%

Is Now The Time To Put Bid (JSE:BID) On Your Watchlist?

Bid Corporation Limited to Report Q3, 2023 Results on May 30, 2023

Returns On Capital At Bid (JSE:BID) Have Hit The Brakes

Insufficient new directors

It's Probably Less Likely That Bid Corporation Limited's (JSE:BID) CEO Will See A Huge Pay Rise This Year

Insufficient new directors

The Price Is Right For Bid Corporation Limited (JSE:BID)

Insufficient new directors

Upcoming dividend of R4.00 per share

Is Bid (JSE:BID) Using Too Much Debt?

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Are Bid Corporation Limited (JSE:BID) Investors Paying Above The Intrinsic Value?

Be Wary Of Bid (JSE:BID) And Its Returns On Capital

Upcoming dividend of R3.00 per share

First half 2022 earnings: EPS and revenues miss analyst expectations

Bid Corporation Limited Declares Cash Dividend for the Half Year Ended December 31, 2021, Payable on March 28, 2022

Bid Corporation Limited to Report Fiscal Year 2022 Results on Aug 24, 2022

CFO & Executive Director recently sold R6.2m worth of stock

CEO & Executive Director exercised options to buy R16m worth of stock.

Upcoming dividend of R4.00 per share

Full year 2021 earnings released: EPS R9.25 (vs R4.64 in FY 2020)

CFO & Executive Director recently sold R3.3m worth of stock

Analysts lower EPS estimates to R9.18

First half 2021 earnings released: EPS R4.49 (vs R7.25 in 1H 2020)

New 90-day high: R289

New 90-day high: R286

Bid Corporation Limited to Report Q2, 2021 Results on Feb 23, 2021

Market bids up stock over the past week

New 90-day low: R230

Full year earnings released - EPS R4.64

Annual earnings released: Revenue misses expectations

New 90-day low: R247

Analysts increase EPS estimates to R12.37

New 90-day high - R298

Earnings released

Price target raised to R276

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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