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The Bidvest Group Limited (BDVSY)
OTHER OTC:BDVSY
Earnings Data
Report Date
Sep 07, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.25Last Year’s EPS
0.84Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a broadly positive operating and financial performance characterized by revenue and trading profit growth, meaningful improvement in cash generation and conversion, strong hygiene segment momentum, successful refinancing at favorable rates, and sustained cost control. Notable challenges were acknowledged: margin compression in Automotive, certain divisional revenue pressures (Freight clearing/forwarding, parts of Branded/Commercial Products), softer returns (ROFE/ROIC) due to prior acquisitive growth, and the termination of the prior Bidvest Bank sale which delays expected deleveraging proceeds. Management’s liquidity position and active capital markets execution, together with operational discipline and clear priorities (accelerate organic growth, improve cash generation and returns), support a constructive outlook, with the negatives seen as manageable near-term headwinds rather than structural failures.Company Guidance
Group revenue and profit growth
Group revenue of ~ZAR 67.0 billion (transcript ZAR 66.7–67.0bn) increased ~4% year-on-year; trading profit rose 7% to ZAR 6.7 billion and trading margin expanded from 9.8% to 10.1%.
Strong cash generation and conversion
Cash generated by operations materially improved: underlying cash from operations before working capital ZAR 8.7bn (up 7.2% YoY by Mark), working capital absorption reduced to ZAR 2.6bn (vs ZAR 3.6bn prior year), cash conversion improved to 70% (from 45%) and free cash flow increased to ZAR 3.8bn (from ZAR 2.0bn), with free cash ~ZAR 2bn higher than prior year.
Improved gross margin and disciplined cost control
Gross margin expanded 43 basis points to 28.1%; operating expenses rose 3.4% overall but only 1.2% excluding acquisitions, reflecting tight cost control and positive operating leverage across divisions.
Hygiene segment outperformance
Hygiene profits up 20% with accelerated margins of ~18.2% (above the ~15% industry norm). Hygiene contributed 55% of Services International profits (up from 50% prior year) and is driving offshore profitability and expansion.
Divisional standouts — Services International and Services SA
Services International: revenue ZAR 22.5bn (up 5%), trading profit ZAR 2.2bn (up 8.3%) and trading margin expanded to 9.8%. Services South Africa: revenue ZAR 6.9bn (up 7%), trading profit ZAR 793m (up 10%) and trading margin expanded to 11.5%.
Adcock performance after delisting
Adcock revenue ZAR 4.8bn (up 3%) and trading profit ZAR 620m (up 20%), driven by 3.6% price realization, 2.8% organic volume growth and a 2% gross margin improvement.
Commercial Products and Branded Products resilience
Commercial Products revenue ZAR 8.6bn (up 2.5%), trading profit ZAR 594m (up 9.7%) and trading margin improved to 7.0%. Branded Products: revenue ZAR 6.9bn (down 1.6%) but gross margin improved 50 bps to 29.8% and trading profit rose 5.4% to ZAR 748m.
Automotive volume growth and diversification
Automotive revenue ZAR 14.8bn (up 7%) supported by a 15% increase in new vehicle sales volume; fleet sales materially up and non-franchise motor retail gaining momentum with improved asset turn.
Strong treasury execution and lower-cost funding
Completed $500m 7‑year Eurobond at a tight spread (40bps above SA sovereign curve), GBP 130m 5-year facility and domestic ZAR 2.3bn bond issuance at record low spreads; redeemed ZAR 2.1bn expensive preference shares and weighted average cost of debt stabilized at ~6.4%.
Balance sheet and covenant comfort
Net debt to EBITDA at 2.2x (within covenants), EBITDA interest cover ~6.4x (comfortably above 3.5x covenant), and available liquidity (EUR RCF availability and domestic capacity) provide capacity to manage maturities and deleveraging plans.
BDVSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BDVSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $31.73 | $31.33 | -1.25% |
Sep 01, 2025 | $26.35 | $26.35 | 0.00% |
Mar 03, 2025 | $25.65 | $25.74 | +0.37% |
Sep 02, 2024 | $31.43 | $31.43 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does The Bidvest Group Limited (BDVSY) report earnings?
The Bidvest Group Limited (BDVSY) is schdueled to report earning on Sep 07, 2026, TBA (Confirmed).
What is The Bidvest Group Limited (BDVSY) earnings time?
The Bidvest Group Limited (BDVSY) earnings time is at Sep 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BDVSY EPS forecast?
BDVSY EPS forecast for the fiscal quarter 2026 (Q4) is 1.25.