Bid Corporation Limited

JSE:BID Stock Report

Market Cap: R147.7b

Bid Past Earnings Performance

Past criteria checks 3/6

Bid has been growing earnings at an average annual rate of 24.5%, while the Consumer Retailing industry saw earnings growing at 9.6% annually. Revenues have been growing at an average rate of 16.7% per year. Bid's return on equity is 18.8%, and it has net margins of 3.6%.

Key information

24.48%

Earnings growth rate

24.37%

EPS growth rate

Consumer Retailing Industry Growth8.21%
Revenue growth rate16.73%
Return on equity18.80%
Net Margin3.61%
Next Earnings Update26 Aug 2026

Recent past performance 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.
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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.

Revenue & Expenses Breakdown

How Bid makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:BID Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 25243,9328,80346,4140
30 Sep 25239,7628,48845,7110
30 Jun 25235,5918,17445,0070
31 Mar 25232,8218,05844,2930
31 Dec 24230,0507,94343,5790
30 Sep 24227,9787,97643,0220
30 Jun 24225,9058,01042,4640
31 Mar 24222,1507,73841,6020
31 Dec 23218,3957,46640,7400
30 Sep 23207,3687,17638,6020
30 Jun 23196,3416,88636,4630
31 Mar 23181,8006,38233,7940
31 Dec 22167,2595,87931,1250
30 Sep 22157,1995,35229,5890
30 Jun 22147,1384,82528,0520
31 Mar 22136,4664,32026,1260
31 Dec 21125,7933,81624,2000
30 Sep 21120,2983,45223,3150
30 Jun 21114,8033,08922,4310
31 Mar 21113,9001,79323,1180
31 Dec 20112,99749723,8060
30 Sep 20116,78697524,1310
30 Jun 20120,5741,45324,4560
31 Mar 20126,2453,23924,5010
31 Dec 19131,3734,93024,5650
30 Sep 19130,3124,88324,3580
30 Jun 19129,2504,83624,1520
31 Mar 19126,0864,61123,4900
31 Dec 18122,9214,38722,8280
30 Sep 18120,3124,29622,1630
30 Jun 18117,7034,20621,4980
31 Mar 18115,9844,20821,1870
31 Dec 17114,2664,21020,8760
30 Sep 17112,3674,11520,8080
30 Jun 17110,4684,02020,7400
31 Mar 17119,1633,86621,7930
31 Dec 16127,8583,71222,8470
30 Sep 16131,6983,49622,8090
30 Jun 16135,5383,28022,7710

Quality Earnings: BID has high quality earnings.

Growing Profit Margin: BID's current net profit margins (3.6%) are higher than last year (3.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BID's earnings have grown significantly by 24.5% per year over the past 5 years.

Accelerating Growth: BID's earnings growth over the past year (10.8%) is below its 5-year average (24.5% per year).

Earnings vs Industry: BID earnings growth over the past year (10.8%) did not outperform the Consumer Retailing industry 11%.

Return on Equity

High ROE: BID's Return on Equity (18.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/18 03:21
End of Day Share Price 2026/07/17 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