Bell Equipment Limited

Bell Equipment Limited

BEL · JSE · Industrials / Farm & Heavy Construction Machinery

3,888.00ZAC-12.00 (-0.31%)

Price History

Full chart

Market Stats

Previous Close3,900.00
Open3,899.00
Day Range3,820.00 – 3,899.00
52-Week Range3,250.00 – 4,400.00
Volume7.28K
Market Cap3.72B
P/E (TTM)17.79
Forward P/E5.10
EPS2.19
Dividend Yield3.34%
Beta0.18
50-Day Avg3,942.08
200-Day Avg3,925.10

About

Bell Equipment Limited designs, manufactures, exports, distributes, and supports a range of heavy equipment for the mining and quarrying, construction, forestry, agriculture, and industry sectors in South Africa, Rest of Africa, and Europe. It operates through two segments, Manufacturing, Assembly, Logistics and Dealer Sales Operations and Direct Sales Operations. The company offers articulated dump trucks (ADT), water tankers, motor graders, tracked carriers, and articulated haulers; backhoe, skid steer, and wheel loaders; compaction; excavators, telehandlers, and rough terrain forklifts; and crushers, screeners, and conveyors for the mining and construction industries. It also provides forklifts and versalifts, haulage tractors, loggers and cane loaders, logpro and canepro, skoggers, slew loaders, and timber trucks; telecopic wheel loaders and loadalls; and attachments comprising cross-cut grapples, felling and harvesting heads, pickaroons, and stem and timber grapples for the forestry and agriculture industries. In addition, the company offers aftermarket products and services; spare parts, lubricants, and service kits; apprentice, operator, and technical training services; care packages and extended cover; product support services; and Fleetm@tic, a fleet management tool. It sells its products under the BELL, JCB, KOBELCO, and FINLAY brands through a network of customer service centers and independent dealers. The company was founded in 1954 and is based in Richards Bay, South Africa. Bell Equipment Limited is a subsidiary of I A Bell and Company (Pty) Limited.

Company Details

  • SectorIndustrials
  • IndustryFarm & Heavy Construction Machinery
  • CEOMr. Izak Jacobus Marthinus van Niekerk B.Com., B.Sc., M.B.A.
  • Employees0
  • Headquarters13 - 19 Carbonode Cell Road, Richards Bay, South Africa, 3900, South Africa
  • Websitehttps://www.bellequipment.com

Leadership

  • Ms. Karen J. van Haght C.A., CA (SA)Group CFO & Executive Director · b. 1967
  • Mr. Avishkar GoordeenDirector of Group Commercial & IT systems · b. 1980
  • Mr. Stephen R. JonesDirector of Group Business Development & OEM Sales · b. 1971
  • Mr. Izak Jacobus Marthinus van Niekerk B.Com., B.Sc., M.B.A.Chief Executive Officer · b. 1978
  • Mr. Justin P. BellDirector of Group Technical & Quality Assurance · b. 1980
  • Ms. Diana McIlrathGroup Company Secretary & Legal · b. 1974
  • Mr. Dominic B. ChinnappenDirector of Southern Hemisphere Manufacturing, Group Sales & Operations Planning · b. 1968
  • Mr. Johan J. Van WyngaardtDirector of Group Human Resources · b. 1969
  • Tristan M. du PisanieManaging Director of Bell Equipment Sales SA Ltd · b. 1976

Financials

Income Statement

Currency: ZAR2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.39B2.78B2.53B3.21B3.53B4.62B5.46B2.70B3.41B5.07B5.67B6.32B6.61B5.90B6.00B6.77B7.53B7.82B6.69B8.02B10.28B13.51B11.70B11.15B
Growth (%)-+16.42%-9.06%+27.02%+10.09%+30.90%+18.02%-50.55%+26.36%+48.67%+11.82%+11.44%+4.58%-10.70%+1.71%+12.73%+11.35%+3.83%-14.48%+19.83%+28.18%+31.50%-13.44%-4.65%
Cost of Revenue1.77B2.17B2.05B2.70B2.74B3.65B4.04B2.16B2.68B3.87B4.41B4.89B5.07B4.55B4.60B5.33B6.05B6.36B5.46B6.47B8.24B10.81B9.23B8.68B
Gross Profit617.65M605.04M472.55M507.57M793.91M977.15M1.42B535.07M726.47M1.20B1.26B1.43B1.54B1.35B1.40B1.44B1.48B1.46B1.23B1.54B2.03B2.70B2.47B2.47B
Gross Margin25.88%21.78%18.70%15.82%22.47%21.13%26.05%19.82%21.30%23.64%22.22%22.61%23.32%22.83%23.29%21.25%19.70%18.66%18.44%19.26%19.77%19.99%21.10%22.18%
Operating Expense386.42M452.33M447.19M460.30M418.86M482.89M832.55M798.49M601.83M763.19M895.26M1.09B1.36B1.06B1.25B1.00B1.03B1.23B1.20B1.14B1.33B1.51B1.71B1.89B
Operating Income231.23M152.71M25.35M47.28M375.05M494.26M589.10M-263.43M124.64M435.64M364.87M340.07M185.09M291.76M148.25M433.25M453.75M230.56M35.62M403.72M705.19M1.19B754.40M581.31M
Operating Margin9.69%5.50%1.00%1.47%10.62%10.69%10.79%-9.76%3.65%8.59%6.43%5.38%2.80%4.94%2.47%6.40%6.02%2.95%0.53%5.04%6.86%8.83%6.45%5.21%
EBITDA332.76M363.27M151.32M66.33M415.01M507.95M618.70M-147.84M238.65M567.78M511.76M474.87M338.16M453.11M308.08M632.85M640.23M509.07M329.95M717.19M1.03B1.51B1.08B896.21M
EBITDA Margin13.94%13.08%5.99%2.07%11.75%10.98%11.34%-5.48%7.00%11.20%9.03%7.51%5.12%7.68%5.13%9.35%8.50%6.51%4.93%8.95%10.00%11.20%9.23%8.04%
Net Income125.60M36.65M-11.43M-8.20M236.16M364.91M360.72M-271.71M36.72M296.88M224.81M183.01M63.45M168.28M37.47M260.21M269.58M75.49M-64.29M286.77M456.85M763.61M440.44M384.03M
Net Income Margin5.26%1.32%-0.45%-0.26%6.68%7.89%6.61%-10.07%1.08%5.85%3.96%2.90%0.96%2.85%0.62%3.85%3.58%0.96%-0.96%3.58%4.45%5.65%3.77%3.44%
R&D----------37.67M45.48M52.32M29.98M35.50M46.30M43.36M34.43M34.81M67.44M69.59M66.39M51.11M47.37M
R&D as % of Total Revenue----------0.66%0.72%0.79%0.51%0.59%0.68%0.58%0.44%0.52%0.84%0.68%0.49%0.44%0.42%
Interest Expense157.67M286.57M157.39M155.31M169.55M33.39M104.24M121.91M69.89M44.94M53.67M42.05M67.72M77.38M48.17M43.35M89.10M166.16M154.17M96.39M136.98M196.77M185.05M74.53M
Interest Expense % of Total Revenue6.61%10.31%6.23%4.84%4.80%0.72%1.91%4.52%2.05%0.89%0.95%0.67%1.02%1.31%0.80%0.64%1.18%2.12%2.30%1.20%1.33%1.46%1.58%0.67%

Balance Sheet

Currency: ZAR2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.32B1.40B1.59B1.64B2.04B2.88B3.92B2.93B2.65B3.87B3.49B4.76B4.49B4.85B4.51B5.36B6.53B7.03B6.64B6.92B8.65B10.53B9.09B8.95B
Total Liabilities605.39M687.47M891.61M942.35M1.09B1.50B2.15B1.51B1.23B2.09B1.42B2.27B1.96B1.85B1.75B2.37B3.16B3.59B3.14B3.06B4.29B5.25B3.42B3.04B
Total Equity717.69M711.26M700.12M699.26M954.91M1.38B1.76B1.42B1.41B1.74B2.02B2.48B2.53B3.00B2.76B2.98B3.35B3.43B3.49B3.84B4.32B5.21B5.57B5.78B
Cash4.81M63.74M13.08M33.14M47.74M20.71M36.43M31.88M53.66M122.40M188.82M106.33M258.95M104.22M140.59M250.25M148.44M91.16M82.75M156.33M228.60M251.79M216.17M628.25M
Total Debt115.31M315.16M395.90M392.75M347.25M584.26M940.72M814.08M368.60M692.28M562.23M1.09B642.60M852.47M653.65M882.73M1.59B2.15B1.57B1.16B1.82B2.30B1.31B933.67M
Net Debt110.51M251.41M382.82M359.62M299.51M563.55M904.29M782.20M314.94M569.88M373.41M980.50M383.65M748.25M513.05M632.48M1.45B2.06B1.48B1.01B1.59B2.05B1.09B305.42M

Cash Flow

Currency: ZAR2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow58.37M-51.21M-133.82M28.00M228.05M-208.19M-246.54M356.44M564.27M-103.90M399.74M-135.18M807.72M-311.95M88.34M-10.20M-322.72M-272.47M818.63M593.86M-216.30M251.36M1.93B1.08B
Investing Cash Flow-45.16M-40.98M-70.03M-41.09M-100.90M-69.75M-171.82M-117.32M-90.38M-147.39M-172.87M-237.11M-183.60M-54.19M-117.39M-137.17M-288.37M-145.95M-82.83M-90.43M-122.28M-207.83M-160.44M-132.89M
Financing Cash Flow-20.87M-43.87M69.66M33.42M85.35M70.19M97.54M33.14M-136.21M150.13M-11.94M-144.16M-37.99M41.40M-33.47M154.36M596.93M101.11M-559.49M-421.80M352.82M-481.00M-1.31B-499.31M
Capital Expenditure34.02M37.98M57.23M56.43M123.99M136.57M213.51M151.12M147.78M221.08M206.63M255.88M157.75M82.12M135.45M135.84M265.93M182.03M90.70M103.65M130.74M212.31M180.31M151.32M
Free Cash Flow24.36M-89.19M-191.05M-28.43M104.06M-344.76M-460.06M205.31M416.49M-324.98M193.10M-391.06M649.97M-394.08M-47.11M-146.04M-588.65M-454.49M727.93M490.21M-347.04M39.05M1.75B928.89M
Dividends Paid9.38M14.13M---23.71M37.94M----37.99M14.27M14.27M14.27M19.06M42.90M43.03M189.00K189.00K48.83M87.95M2.99M155.13M
FCF to OCF41.72%174.17%142.76%-101.54%45.63%165.60%186.60%57.60%73.81%312.79%48.31%289.29%80.47%126.32%-53.33%1432.18%182.40%166.81%88.92%82.55%160.44%15.53%90.64%85.99%
Dividend Paid to FCF38.53%-15.84%----6.88%-8.25%-----9.71%2.20%-3.62%-30.29%-13.05%-7.29%-9.47%0.03%0.04%-14.07%225.24%0.17%16.70%

Key Statistics & Ratios

Market Cap3.72B
Enterprise Value4.10B
Trailing P/E17.79
Forward P/E5.10
PEG Ratio86.67
Price / Sales0.36
Price / Book0.66
EPS2.19
Book Value59.38
Revenue (TTM)10.40B
Gross Profit (TTM)2.20B
EBITDA495.72M
Profit Margin2.27%
Operating Margin2.25%
Return on Equity4.39%
Return on Assets2.72%
Shares Outstanding95.60M
Shares Float17.75M
Beta0.18
Dividend Yield3.34%
Dividend Rate1.30
Payout Ratio45.66%

Dividends

20231×
90.00Apr 19, 2023
20221×
50.00Apr 20, 2022
20192×
20.00Sep 25, 201925.00Apr 3, 2019
20182×
20.00Sep 19, 201825.00Apr 4, 2018
20171×
20.00Sep 20, 2017
20161×
15.00Oct 19, 2016
20131×
40.00Apr 8, 2013
20081×
40.00Apr 7, 2008
20071×
25.00Apr 16, 2007
20031×
15.00Apr 7, 2003
20021×
10.00Apr 8, 2002
20011×
10.00Apr 2, 2001
20001×
6.00Apr 3, 2000
19971×
7.00Jun 9, 1997
19961×
6.00Jun 3, 1996