1. South Africa Stocks

  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Bell Equipment Limited

Bell Equipment Limited

3,848.00
ZAC
-40.00
(-1.03%)
401.51BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
66.47
69.46
62.02
63.08
72.12
78.97
81.81
69.96
83.84
107.46
141.31
122.31
116.62
- -
Basic EPS, GAAP
1.93
0.67
1.48
0.39
2.73
2.83
0.7
-0.67
3
4.78
7.99
4.61
4.02
- -
Free Cash Flow per Basic Share
-4.11
6.83
-4.55
-0.5
-1.53
-6.17
-4.63
7.61
5.13
-3.63
0.41
18.26
9.71
- -
Dividend per Share
0.4
- -
- -
0.15
0.2
0.45
0.45
- -
- -
0.51
0.92
0.03
1.62
- -
Book Value per Share
26.08
26.39
30.9
28.94
31.23
34.56
35.32
36.47
40.13
45.18
54.51
58.31
60.46
60.46
Tangible Book Value per Share
24.52
24.25
28.66
26.67
28.88
32.07
32.24
33.56
37.18
42.46
51.59
54.95
57.11
57.11
Basic Weighted Avg Shares
95
95
95
95
95
95
96
96
96
96
96
96
96
96
Sales/Revenue/Turnover
6,319
6,609
5,901
6,002
6,873
7,534
7,823
6,690
8,017
10,276
13,514
11,697
11,152
- -
Operating Margin (%)
5.38
2.8
4.55
2.47
5.87
6.02
2.79
0.53
5.04
6.86
8.83
6.45
5.21
- -
Depreciation Expense
127
140
169
144
186
146
236
243
251
245
236
223
250
- -
Net Income, GAAP
183
63
141
37
260
270
67
-64
287
457
764
440
384
- -
Effective Tax Rate (%)
32.62
49.01
31.54
66.62
32.55
31.8
50.94
- -
20.38
25.84
26.53
29.93
28.75
- -
Profit Margin (%)
2.9
0.96
2.39
0.62
3.79
3.58
0.85
-0.96
3.58
4.45
5.65
3.77
3.44
- -
Working Capital
1,779
1,721
2,208
2,051
2,229
2,601
2,327
2,417
2,750
3,342
4,291
4,608
4,901
4,901
LT Debt
171
130
168
149
153
385
371
487
443
582
591
510
569
569
Total Equity
2,489
2,518
2,947
2,758
2,989
3,329
3,387
3,504
3,862
4,365
5,285
5,677
5,904
5,904
Return on Invested Capital (%)
7.27
2.91
5.57
1.39
7.56
7.13
2.07
- -
6.35
9.24
12.61
7.22
5.99
- -
Return on Capital (%)
6.01
2.93
5.78
1.45
7.62
7.39
3.13
- -
7.06
9.58
12.76
7.42
6
- -
Return on Common Equity (%)
8.13
2.54
5.18
1.32
9.07
8.58
2
-1.87
7.83
11.2
16.02
8.17
6.76
- -

Capital Structure

ZAR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
772
- -
364
LT Borrowings
151
139
204
LT Finance Leases
359
367
365
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
96
96
96
Market Capitalization
3,884
3,843
4,015

Working Capital

ZAR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
7,054
7,123
6,963
Cash, Cash Equivalents & STI
216
425
548
Accounts Receivable, Net
1,120
1,740
1,039
Inventories
5,076
4,489
4,722
Total Current Liabilities
2,446
2,332
2,061
Payables & Accruals
- -
- -
- -
ST Debt
772
- -
364
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.43%
11.15%
4.01%
Free Cash Flow
414.44%
801.92%
-46.79%
Net Income, GAAP
-22.16%
-94.94%
-12.81%
Sales/Revenue/Turnover
7.66%
12.28%
-4.65%
Total Cash Common Dividend
- -
- -
5,086.73%

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
13,514
2024
- -
- -
11,697
2025
- -
- -
11,152

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
7.99
2024
- -
- -
4.61
2025
- -
- -
4.02

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.92
2024
- -
- -
0.03
2025
- -
- -
1.62

Company Description

Company Profile APIChatGPT
CEO
Izak Jacobus Marthinus van Niekerk
Full Time Employees
3,605
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
13 - 19 Carbonode Cell Road Richards Bay NL South Africa 3900
IPO Date
May 26, 1995
Website
bellequipment.com
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Business
Bell Equipment Limited designs, manufactures, exports, distributes and supports heavy equipment for mining and quarrying, construction, forestry, agriculture and industrial sectors. The company offers articulated dump trucks including the B30E, B40E, B45E 4x4, B50E and B60E models; motor graders; tracked carriers such as the TC11A; water tankers up to 50 000 litres; wheel loaders, backhoe loaders, skid steers, telehandlers, rough terrain forklifts and excavators; compaction equipment; crushers, screeners and conveyors; haulage tractors including Series V models; loggers, cane loaders, slew loaders, skidders and forestry attachments; as well as aftermarket parts, lubricants, service kits, Fleetm@tic fleet management, training services and care packages. Bell markets products under the BELL, JCB, KOBELCO and FINLAY brands through owned customer service centres in South Africa, the UK and Zambia, plus independent dealers serving over 80 countries across Sub-Saharan Africa, Europe, North and South America, Asia, Oceania and North Africa. Founded in 1954 and headquartered in Richards Bay, South Africa, Bell Equipment Limited operates manufacturing facilities in Richards Bay and Eisenach-Kindel, Germany; logistics hubs in South Africa, Germany and the USA; and subsidiaries including Bell Equipment (Deutschland) GmbH, Bell Equipment North America Inc and Bell Equipment UK Limited. The company is a subsidiary of I A Bell and Company (Pty) Limited. Recent developments include the appointment of Ashley Jon Bell as Group CEO effective January 2024; launch of the Bell Motor Grader range and expansion of BETA Parts to Europe and the USA in 2024; debut of the 27 000-litre B30E water tanker and autonomous B40E ADT demonstrations at Hillhead 2024; formation of Bell Heavy Industries division for contract manufacturing; achievement of Level 1 B-BBEE status at Bell Equipment Sales South Africa Limited; and celebration of 70 years in business with new product introductions at Bauma Munich 2025.