Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Bidvest Group Limited (BVT.JO)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$689.59 - $1,481.40$983.46
Multi-Stage$590.64 - $644.80$617.23
Blended Fair Value$800.34
Current Price$233.53
Upside242.71%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS6.57%5.29%9.159.578.527.343.146.665.775.124.529.50
YoY Growth---4.40%12.38%16.04%133.93%-52.87%15.44%12.64%13.27%-52.42%73.78%
Dividend Yield--3.92%3.31%3.26%3.50%1.65%4.69%3.00%2.60%2.87%6.85%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12,437.52
(-) Cash Dividends Paid (M)6,377.00
(=) Cash Retained (M)6,060.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,487.501,554.69932.81
Cash Retained (M)6,060.526,060.526,060.52
(-) Cash Required (M)-2,487.50-1,554.69-932.81
(=) Excess Retained (M)3,573.014,505.835,127.70
(/) Shares Outstanding (M)340.59340.59340.59
(=) Excess Retained per Share10.4913.2315.06
LTM Dividend per Share18.7218.7218.72
(+) Excess Retained per Share10.4913.2315.06
(=) Adjusted Dividend29.2131.9533.78
WACC / Discount Rate9.00%9.00%9.00%
Growth Rate4.57%5.57%6.57%
Fair Value$689.59$983.46$1,481.40
Upside / Downside195.29%321.13%534.35%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12,437.5213,130.1113,861.2614,633.1315,447.9916,308.2116,797.46
Payout Ratio51.27%59.02%66.76%74.51%82.25%90.00%92.50%
Projected Dividends (M)6,377.007,749.109,254.2510,902.9912,706.6614,677.3915,537.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.00%9.00%9.00%
Growth Rate4.57%5.57%6.57%
Year 1 PV (M)7,042.027,109.367,176.71
Year 2 PV (M)7,642.457,789.327,937.59
Year 3 PV (M)8,182.448,419.448,660.98
Year 4 PV (M)8,665.929,002.209,348.17
Year 5 PV (M)9,096.589,539.9310,000.41
PV of Terminal Value (M)160,534.44168,358.70176,485.11
Equity Value (M)201,163.85210,218.96219,608.96
Shares Outstanding (M)340.59340.59340.59
Fair Value$590.64$617.23$644.80
Upside / Downside152.92%164.30%176.11%

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