OverviewSuggest Edit

The Bidvest Group is a service, trading, and distribution company. It operates via six core divisions: Services, Freight, Branded Products, Automotive, Financial Services, Commercial Products. The company also holds investments in Bidvest Properties and various other assets. The Bidvest Services division is an integrated facilities management provider. The Bidvest Freight division is engaged in private sector freight management. The Bidvest Branded Products division offers a range of pharmaceutical products, office products, office furniture, office automation solutions, and consumer products. The Bidvest Automotive division is a  motor retailer that also operates in the car rental sector and vehicle auctioneering markets. The Bidvest Financial Services division provides diversified financial services including asset management, trade finance, financial emigration, and wealth externalization. The Bidvest Commercial Products division is a wholesale supplier of tools, lifting and rigging equipment, clothing, packaging, fastening, plumbing, bathroom, and other products. Bidvest Properties owns, manages, and develops a property portfolio made up of commercial, industrial, motor, and office properties.

TypePublic
Founded1988
Websitebidvest.co.za

Latest Updates

Employees (est.) (Oct 2020)132,870(+8%)
Revenue (FY, 2020)R76.5 B
Share Price (Sept 2021)R199.1

Key People/Management at Bidvest

Nompumelelo Thembekile Madisa

Nompumelelo Thembekile Madisa

CEO
Mark John Steyn

Mark John Steyn

CFO
Bonang Francis Mohale

Bonang Francis Mohale

Independent Non-Executive Chairman
Gillian Claire McMahon

Gillian Claire McMahon

Executive Director
Renosi Denise Mokate

Renosi Denise Mokate

Lead Independent director
Sibongile Masinga

Sibongile Masinga

Non-Executive Director
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Bidvest Office Locations

Bidvest has offices in Durban, Johannesburg, Rivonia and Sandton
Durban, ZA
Unit 6, 2nd Floor Bond Square 12 Browns Road Point
Johannesburg, ZA
20 Georgian Cres E, Bryanston East
Rivonia, ZA
Building 3‚ Tuscany Office Park‚ Coombe Place
Sandton, ZA
1 Park Lane, Wierda Valley
Sandton, ZA
Block C First Floor – Freestone Office Park, 135 Patricia Road, Sandown
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Bidvest Financials and Metrics

Bidvest Revenue

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Bidvest's revenue was reported to be R76.54 b in FY, 2020 which is a 0.8% decrease from the previous period.
ZAR

Revenue (H1, 2021)

44.4b

Gross profit (H1, 2021)

13.4b

Gross profit margin (H1, 2021), %

30.2%

Net income (H1, 2021)

2.0b

EBIT (H1, 2021)

3.7b

Market capitalization (3-Sept-2021)

6.7t

Closing stock price (3-Sept-2021)

199.1

Cash (31-Dec-2020)

10.1b

EV

6.7t
Bidvest's current market capitalization is R6.7 t.
Annual
ZARFY, 2018FY, 2019FY, 2020

Revenue

77.0b77.2b76.5b

Revenue growth, %

0%(1%)

Cost of goods sold

54.7b54.1b53.1b

Gross profit

22.2b23.0b23.4b
Half Year
ZARH1, 2017H1, 2018H1, 2019H1, 2020H1, 2021

Revenue

36.0b39.9b40.0b43.0b44.4b

Cost of goods sold

26.0b28.7b28.3b30.0b31.0b

Gross profit

10.1b11.2b11.7b13.0b13.4b

Gross profit Margin, %

28%28%29%30%30%
Annual
ZARFY, 2018FY, 2019FY, 2020

Cash

6.2b6.6b10.4b

Accounts Receivable

12.0b11.7b12.5b

Inventories

8.5b8.6b11.1b

Current Assets

29.1b30.8b36.8b
Half Year
ZARH1, 2017H1, 2018H1, 2019H1, 2020H1, 2021

Cash

3.6b4.7b5.2b6.9b10.1b

Accounts Receivable

9.5b11.4b11.1b12.9b12.4b

Inventories

9.0b8.9b9.1b10.5b10.1b

Current Assets

24.1b27.4b28.1b35.0b35.3b
Annual
ZARFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

1.7b1.7b2.9b

Inventories

45.3m44.1m(740.4m)

Accounts Payable

1.5b(1.1b)(1.4b)

Cash From Operating Activities

5.0b2.6b4.3b
Half Year
ZARH1, 2017H1, 2018H1, 2019H1, 2020H1, 2021

Depreciation and Amortization

828.5m883.3m869.7m1.5b1.8b

Inventories

(316.3m)(542.3m)(398.8m)897.9m

Accounts Payable

(857.3m)(2.4b)(3.0b)(566.6m)

Cash From Operating Activities

(83.8m)1.1b(1.1b)1.0b4.4b
ZARH1, 2017

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.3 x
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Bidvest Operating Metrics

Bidvest's Customers was reported to be 300 k in FY, 2020.
FY, 2018FY, 2019FY, 2020

Currencies

6060

Customers

170 k175 k300 k

Facilities

5001.3 k550

Total Cardholders

763 k
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Bidvest Acquisitions / Subsidiaries

Company NameDateDeal Size
New Frontiers Tours Proprietary LimitedJuly 01, 2020
PHS Group LimitedMay 07, 2020
PHS Bidco LimitedMay 06, 2020
Future Cleaning Services LimitedJuly 01, 2019
UAV and Drone Solutions Proprietary LimitedMarch 01, 2019r500 m
Zanihold Proprietary LimitedFebruary 01, 2019r390 m
BrandcorpDecember 30, 2017
Noonan Topco LimitedSeptember 01, 2017€175 m
3663 Alba Ltd
3663 First for Food Service (Pty) Ltd
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Bidvest Revenue Breakdown

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Bidvest revenue breakdown by business segment: 27.4% from Services, 21.3% from Branded Products, 7.9% from Freight, 14.7% from Commercial Products, 23.6% from Automotive and 5.1% from Other

Bidvest revenue breakdown by geographic segment: 11.6% from Internationa and 88.4% from Southern Africa

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Bidvest Online and Social Media Presence

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Bidvest News and Updates

NAS and Colossal Africa sign deal to buy BidAir Services

National Aviation Services (NAS), Colossal Africa and a consortium of the existing executive management team have agreed to buy South African ground handling firm BidAir Services from Bidvest Group.

Bidvest cleans up in hygiene sector

Bidvest's decision more than five years ago to focus strongly on hygiene services as part of its international growth strategy in the UK and elsewhere in Europe has proven fortuitous given the Covid-19 pandemic.

Service provider Bidvest reports 6% half-year profit rise

Diversified service provider Bidvest Group reported a 6.1% year-on-year rise in profit for the six months that ended December 31, the company said on Monday.

Bidvest Frequently Asked Questions

  • When was Bidvest founded?

    Bidvest was founded in 1988.

  • Who are Bidvest key executives?

    Bidvest's key executives are Nompumelelo Thembekile Madisa, Mark John Steyn and Bonang Francis Mohale.

  • How many employees does Bidvest have?

    Bidvest has 132,870 employees.

  • What is Bidvest revenue?

    Latest Bidvest annual revenue is R76.5 b.

  • What is Bidvest revenue per employee?

    Latest Bidvest revenue per employee is R576.1 k.

  • Who are Bidvest competitors?

    Competitors of Bidvest include Woolworths, Steinhoff International and Barloworld.

  • Where are Bidvest offices?

    Bidvest has offices in Durban, Johannesburg, Rivonia and Sandton.

  • How many offices does Bidvest have?

    Bidvest has 5 offices.