Bidvest Group Ltd (BVT) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bidvest Group Ltd stock ZAR 350, price ZAR 249, upside +40.5%, quality 54 out of 100. Rating: undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range R145.52 – R269.46 · fair‑value band R215.75 – R502.25 · the R248.93 price screens below the R349.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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The Bidvest Group Limited, an investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.
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The company operates through Adcock Ingram, Bidvest Automotive, Bidvest Commercial Products, Bidvest Freight, Bidvest Branded Products, Bidvest Services South Africa, Bidvest Services International, Bidvest Properties, and Bidvest Corporate and Investments segments.
It offers manufacture, market, and distribution of healthcare products to both the private and public market sectors; and online motor retailing and develops systems in the vehicle auctioneering sector.
The company also manufactures and trades bathroom and plumbing products; distributes electrical cable and allied products; and offers motor vehicle accessories, as well as camping and outdoor equipment.
In addition, it provides freight management, terminal operations and support, international clearing and freight forwarding, integrated logistics, supply chain solutions and marine and insurance services; facilitates storage, handling, and movement of cargo via ocean freight, air freight, road, and rail.
Further, the company supplies stationery, paper or printer cartridges, and packaging and data services; and offers consumer-facing trading and distribution businesses offering luggage and travel accessories representing local and global brands.
Additionally, it provides security, laundry, landscaping, food, travel, cargo and aviation, office water and coffee vending services to corporate and small to medium business clients; hygiene, cleaning, and facilities management services; owns, manages, and develops properties; and provides professional property services and consulting on all property-related matters, as well as treasury, secretarial, corporate finance, and governance services.
The company was founded in 1988 and is headquartered in Johannesburg, South Africa.
Stock analysis
Bidvest Group Ltd (BVT) currently trades at R248.93, while our model-based Fair Value estimate is R349.87, implying the stock looks roughly 29% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of R398.09 per share, and 7 of the 11 models we run sit above the R248.93 price.
Bear case: the Dividend Discount group reads lowest at R113.87, and 4 of the 11 models stay below the price. Data coverage for this calculation is high.
Scenario range: R215.75 (bear) to R502.25 (bull), the price of R248.93 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bidvest Group Ltd reported revenue of 130B ZAR in FY2026 versus 99.9B ZAR in FY2022, a compound +6.9%/yr. Reported net income was 6.1B ZAR in FY2026, compounding +4.9%/yr from FY2022.
Key figures
Market cap 84.7B ZAR Mid · P/E ratio 13.8 · P/S ratio 0.65 · EPS (TTM) R18.06 · Dividend yield 3.8% · Net margin 4.7% · Return on equity 15.4% · Return on assets (EBIT) 9.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 41%, BVT screens cheaper than that median.
Fair Value models
BearR215.75Fair Value R349.87BullR502.25
Price R248.93 · Upside +40.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (3.11 ZAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
Start year 2021 (pandemic). Over 10 years: +6.7% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.7%
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What shareholders gained per year (last 5 years), in ZAR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in ZAR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.2%
Dividend (yield on the price)3.8%
Per share before 2009divided by the spin-off factor 1.01
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.2% vs −6.6%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 9.6%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Africa: IMF forecast 3.3% a year to 2030, 4.9% from 2016 to 2025) that is about +1.7% a year for the price and +1.6% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 304 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+41.2% · Above median
Profitability
Return on equity (12 months)15.4% · Top 25%
Return on assets5.0% · Above median
Net margin (12 months)4.7% · Below median
Operating margin (12 months)9.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)2.2% · Below median
Dividend yield (12 months)3.8% · Above median
Balance sheet
Debt / equity0.67× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)13.8× · Pricier than median
P/B2.11× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)0.65× · Cheaper than median
Price / free cash flow (fiscal year)9.0× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bidvest Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BVT
Frequently asked questions
Is Bidvest Group Ltd (BVT) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of R349.87 versus a price of R248.93, about +41% upside (undervalued).
What is the fair value of BVT?
Our model-based fair value for Bidvest Group Ltd is R349.87 (as of Nov 9, 2026), built from audited fundamentals. The current price: R248.93.
What is the quality score of BVT?
Bidvest Group Ltd has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bidvest Group Ltd (BVT)?
Our model-based price target is the fair value of R349.87 (as of Nov 9, 2026) from 11 valuation models. Cautious scenario R215.75, optimistic scenario R502.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Bidvest Group Ltd stock forecast for 2026?
Our models put fair value at R349.87, about +41% upside versus a price of R248.93 (undervalued). Cautious scenario R215.75, optimistic scenario R502.25. The calculation is refreshed regularly with new filings.
What is the revenue of Bidvest Group Ltd (BVT)?
Bidvest Group Ltd reported trailing-twelve-month revenue of about 130B ZAR (latest available figure, as of Nov 9, 2026).
Does Bidvest Group Ltd pay a dividend?
Bidvest Group Ltd currently shows a dividend yield of 3.81% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Bidvest Group Ltd (BVT) and when is the ex-dividend date?
Bidvest Group Ltd pays a dividend of R9.48 per share a year, a dividend yield of 3.8%. The last ex-dividend date was Sep 22, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 52.4% of earnings. Free cash flow covers the dividend 2.92 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Bidvest Group Ltd (BVT)?
For today's price to be fair in a discounted-cash-flow model, Bidvest Group Ltd would have to grow free cash flow by +5.1 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.1 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of BVT use?
Our models discount Bidvest Group Ltd at 11.9 %: a base by market capitalisation (mid), damped by beta 0.30, country premium for South Africa. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bidvest Group Ltd that is +5.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Bidvest Group Ltd (BVT) delivered so far?
Over the past 5 years revenue at Bidvest Group Ltd grew +8.1 % a year. The price currently implies free-cash-flow growth of +5.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bidvest Group Ltd (BVT) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Bidvest Group Ltd (+5.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bidvest Group Ltd (BVT)?
The free-cash-flow yield on the price is 11.10 %: that much free cash flow Bidvest Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bidvest Group Ltd (BVT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bidvest Group Ltd it is R349.87 per share (as of Nov 9, 2026), against a price of R248.93. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit).
Is Bidvest Group Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, BVT trades below its calculated fair value: price R248.93, fair value R349.87, a gap of about +41% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BVT?
No. The price is what the market pays today (R248.93); the fair value is what the company's own numbers justify (R349.87). For Bidvest Group Ltd the two are R100.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bidvest Group Ltd worth?
The market values Bidvest Group Ltd at about 84.7B ZAR (market capitalisation, as of Nov 9, 2026). Per share that is R248.93; our models calculate a fair value of R349.87 per share.
What do the bullish and bearish scenarios say about BVT?
Our models span a range for Bidvest Group Ltd: cautious scenario R215.75, base R349.87, optimistic R502.25 per share (as of Nov 9, 2026, price R248.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BVT?
Bidvest Group Ltd trades at a price-to-earnings ratio of 13.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R349.87 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 8.5. Other multiples: PEG 99.8, P/B 2.1, P/S 0.6, EV/EBITDA 7.0.
What is the PEG ratio of BVT?
The PEG ratio of Bidvest Group Ltd is 99.83 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bidvest Group Ltd (BVT)?
Balance-sheet figures for Bidvest Group Ltd (as of Nov 9, 2026): return on equity 15.4%, debt of 0.67 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is BVT from its 52-week high?
Bidvest Group Ltd trades at R248.93, about 1% below its 52-week high of R251.80 and 16% above the low of R215.17 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of R349.87 is for.
Which stocks are comparable to Bidvest Group Ltd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bidvest Group Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price R248.93, calculated fair value R349.87 (+41%), Quality Score 54/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BVT calculated?
We run Bidvest Group Ltd through 11 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of R349.87 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Bidvest Group Ltd currently trades 29% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bidvest Group Ltd (BVT)?
The closing price on Nov 9, 2026 was R248.93. Our model-based fair value is R349.87, about +41% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bidvest Group Ltd right now?
Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (R215.75 to R502.25) leaves room in how you read the outcome.
Where does the earnings growth of Bidvest Group Ltd (BVT) come from?
Earnings per share at Bidvest Group Ltd grew −22.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share −6.0 %, EBIT margin +4.1 %, tax rate −2.7 %, residual (interest, one-offs) −18.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bidvest Group Ltd
How large is the market capitalisation of Bidvest Group Ltd (BVT)?
The market capitalisation of Bidvest Group Ltd is 84.7B ZAR. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bidvest Group Ltd (BVT)?
The price-to-sales ratio of Bidvest Group Ltd is 0.65 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bidvest Group Ltd (BVT)?
Earnings per share at Bidvest Group Ltd are R18.06 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bidvest Group Ltd (BVT)?
The dividend yield of Bidvest Group Ltd is 3.8% (payout 52.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bidvest Group Ltd (BVT)?
The net margin of Bidvest Group Ltd is 4.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bidvest Group Ltd (BVT)?
The return on equity (ROE) of Bidvest Group Ltd is 15.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bidvest Group Ltd (BVT)?
On an EBIT basis the return on assets of Bidvest Group Ltd is 9.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bidvest Group Ltd (BVT)?
The operating margin of Bidvest Group Ltd is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bidvest Group Ltd (BVT)?
Revenue at Bidvest Group Ltd is growing +2.2% versus a year earlier (3y avg +4.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bidvest Group Ltd (BVT)?
Earnings per share at Bidvest Group Ltd are growing +2.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bidvest Group Ltd (BVT) carry?
The net debt of Bidvest Group Ltd is 35.5B ZAR (fiscal year 2026, ≈ 3.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026