We study (set-valued) mappings of bounded Phi -variation defined on the com
pact interval I and taking values in metric or normed linear spaces X. We p
rove a new structural theorem for these mappings and extend Medvedev's crit
erion from real valued functions onto mappings with values in a reflexive B
anach space, which permits us to establish an explicit integral formula for
the Phi -variation of a metric space valued mapping. We show that the line
ar span GV(Phi)(I;X) of the set of all mappings of bounded Phi -variation i
s automatically a Banach algebra provided X is a Banach algebra. If h:Ix X
--> Y is a given mapping and the composition operator H is defined by (Hf)(
t)=h(t,f(t)), where t is an element ofI and f:I --> X, we show that H:GV(Ph
i)(I; X)--> GV(Psi)(I;Y) is Lipschitzian if and only if h(t,x)=h(0)(t)+h(1)
(t)x, t is an element ofI, x is an element ofX. This result is further exte
nded to multivalued composition operators H with values compact convex sets
. We prove that any (not necessarily convex valued) multifunction of bounde
d Phi -variation with respect to the Hausdorff metric, whose graph is compa
ct, admits regular selections of bounded Phi -variation.