Bid Corporation Limited

JSE:BID Stock Report

Market Cap: R145.5b

Bid Management

Management criteria checks 3/4

Bid's CEO is Bernard Berson, appointed in Apr 2016, has a tenure of 10.33 years. total yearly compensation is ZAR57.31M, comprised of 38.2% salary and 61.8% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth ZAR216.39M. The average tenure of the management team and the board of directors is 3.9 years and 9.7 years respectively.

Key information

Bernard Berson

Chief executive officer

R57.3m

Total compensation

CEO salary percentage38.24%
CEO tenure10.3yrs
CEO ownership0.1%
Management average tenure3.9yrs
Board average tenure9.7yrs

Recent management updates

Recent updates

Narrative Update • Jun 18

BID: JPMorgan Upgrade And Refined Assumptions Will Support Future Upside

Analysts have maintained their ZAR fair value estimate for Bid Corp. at approximately ZAR481 per share, while refining assumptions on the discount rate, revenue growth, profit margin, and future P/E following a recent upgrade in Street research.
Narrative Update • Jun 04

BID: JPMorgan Upgrade And Analyst Day Insights Will Support Future Upside

Narrative Update on Bid Price Target Analysts have kept their ZAR price target for Bid broadly in line with prior levels, reflecting only fine tuning to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions following the recent research upgrade. What's in the News Bid Corporation Limited held an Analyst/Investor Day, giving the market an updated view on its operations and capital allocation plans.
Narrative Update • Apr 30

BID: JPMorgan Upgrade And Cash Dividend Timeline Will Support Future Upside

Analysts have raised their ZAR price target for Bid, citing updated assumptions that keep fair value around ZAR 481 while slightly adjusting the discount rate, revenue growth, profit margin and future P/E expectations to reflect the latest JPMorgan upgrade and supporting research. Analyst Commentary Analyst reactions to the latest ZAR 481 fair value update for Bid center on how realistic the new assumptions are for revenue growth, profit margin and future P/E, especially in light of the recent JPMorgan upgrade.
Narrative Update • Apr 14

BID: JPMorgan Upgrade And Interim Dividend Will Support Future Upside

The analyst price target for Bid has been adjusted from ZAR485.63 to ZAR481.00, as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margins, and a slightly higher future P/E multiple following recent research updates. Analyst Commentary Recent research on Bid focuses on how updated assumptions for fair value, discount rates, revenue growth, profit margins, and future P/E multiples feed into the revised price target of ZAR481.00.
Narrative Update • Mar 13

BID: Interim Dividend Will Support Future Share Appeal

Analysts now see fair value for Bid shares at about ZAR485.63 versus ZAR486.75 previously. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and forward P/E rather than any major change in the story.
Narrative Update • Feb 26

BID: Dividend And Auditor Transition Will Support Future Share Appeal

Analysts have adjusted their fair value estimate for Bid from ZAR502.66 to ZAR486.75, citing updates to their discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Directors declared a gross interim cash dividend of ZAR615.0 cents per share (ZAR492.0 cents per share net of dividend withholding tax where applicable) for the half year ended December 31, 2025.
User avatar
New Narrative • Feb 09

Sustainability Initiatives And AI Adoption Will Improve Operational Efficiency

Bidcorp's expansion through acquisitions and infrastructure investment is expected to enhance market share, operational efficiency, and future revenue growth.

CEO Compensation Analysis

How has Bernard Berson's remuneration changed compared to Bid's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

R9b

Sep 30 2025n/an/a

R8b

Jun 30 2025R57mR22m

R8b

Mar 31 2025n/an/a

R8b

Dec 31 2024n/an/a

R8b

Sep 30 2024n/an/a

R8b

Jun 30 2024R57mR22m

R8b

Mar 31 2024n/an/a

R8b

Dec 31 2023n/an/a

R7b

Sep 30 2023n/an/a

R7b

Jun 30 2023R57mR21m

R7b

Mar 31 2023n/an/a

R6b

Dec 31 2022n/an/a

R6b

Sep 30 2022n/an/a

R5b

Jun 30 2022R49mR18m

R5b

Mar 31 2022n/an/a

R4b

Dec 31 2021n/an/a

R4b

Sep 30 2021n/an/a

R3b

Jun 30 2021R92mR19m

R3b

Mar 31 2021n/an/a

R2b

Dec 31 2020n/an/a

R497m

Sep 30 2020n/an/a

R975m

Jun 30 2020R42mR16m

R1b

Compensation vs Market: Bernard's total compensation ($USD3.55M) is above average for companies of similar size in the ZA market ($USD2.68M).

Compensation vs Earnings: Bernard's compensation has been consistent with company performance over the past year.

CEO

Bernard Berson (60 yo)

10.3yrs
Tenure
R57,310,000
Compensation

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...

Leadership Team

NamePositionTenureCompensationOwnership
Bernard Berson
CEO & Executive Director10.3yrsR57.31m0.15%
ZAR 216.4m
David Cleasby
CFO & Executive Director10.3yrsR23.50m0.086%
ZAR 125.6m
Ashley Biggs
Group ESG Officer & Company Secretary10.3yrsno datano data
Nigel Boswell
Group Chief Development Officerno datano datano data
Leigh Roos
Company Secretaryno datano datano data
Justine Hopkinson
CEO of Bidfood Singapore3.9yrsno datano data
Thierry Legat
Chief Executive Officer of Bidfood Belgium3.9yrsno datano data
Phil Struckmann
Chief Executive Officer of Bidfood New Zealand3.9yrsno datano data
Gabriel Abramovicz
Chief Executive Officer of Bidfood Chile3.9yrsno datano data
Andrew Selley
Chief Executive Officer of Bidfood UK3.9yrsno datano data
Brent Varcoe
Chief Executive Officer of Bidfood South Africa3.9yrsno datano data
Ramunas Makutenas
Chief Executive Officer of Bidfood Baltics3.9yrsno datano data
3.9yrs
Average Tenure

Experienced Management: BID's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Bernard Berson
CEO & Executive Director10.4yrsR57.31m0.15%
ZAR 216.4m
David Cleasby
CFO & Executive Director18.9yrsR23.50m0.086%
ZAR 125.6m
Brian Joffe
Independent Non-Executive Director31yrsR2.19mno data
Stephen Koseff
Independent Non-Executive Chairman9yrsR4.67m0.00035%
ZAR 509.2k
Paul Baloyi
Independent Non-Executive Director10.4yrsR1.72mno data
Nigel Payne
Lead Independent Non Executive Director10.4yrsR2.11mno data
Clifford Rosenberg
Independent Non-Executive Director6.9yrsR2.11mno data
Keneilwe Moloko
Independent Non-Executive Director5.1yrsR1.21mno data
Tasneem Abdool-Samad
Independent Non-Executive Director6.9yrsR1.33mno data
Helen Wiseman
Independent Non-Executive Director10.4yrsR3.41mno data
Katherine Ostin
Independent Non Executive Directorless than a yearno datano data
Trevor Brown
Independent Non-Executive Directorless than a yearno datano data
9.7yrs
Average Tenure
62yo
Average Age

Experienced Board: BID's board of directors are considered experienced (9.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/13 17:13
End of Day Share Price 2026/08/13 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bid Corporation Limited is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brent MadelAbsa Bank Limited
Paul Henri SteegersBofA Global Research
Rowan GoellerChronux Research