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Bell Equipment Limited (BEL.JO)

ZAc3,698.00 +0.00 (+0.00%)
ZA JNB Industrials Agricultural - Machinery
Address 13 - 19 Carbonode Cell Road 3900
Richards Bay, ZA
CEO Ashley John Bell
IPO 2000-01-17
ISIN ZAE000028304

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Description

Bell Equipment Limited, a South African company with a global reach, specializes in the manufacturing, distribution, and export of a diverse range of materials handling machinery. Established in 1954, the company maintains its headquarters in Richards Bay, South Africa. For the mining and construction sectors, their extensive product line encompasses articulated and low-profile dump trucks (ADTs), excavators, motor graders, telescopic handlers, wheel loaders, compaction equipment, skid-steer loaders, and various forklifts, including rough terrain, Bell, and rockscalers. They also provide crushing and screening solutions such as cone, impact, and jaw crushers, along with conveyors and screens. Under the Matriarc brand, the forestry sector is served with haulage tractors, loggers, timber tracks, and specialized attachments like FASTfell, LogPro, and Skogger. Agricultural machinery includes articulated tractors, cane loaders, Cane Pro, and slew loaders. Furthermore, their application equipment inventory features container trucks, custom load bodies, dumper and hooklift trailers, Versa trucks, and water tankers. Beyond new equipment sales, Bell Equipment also offers pre-owned machinery and comprehensive aftermarket services. Products are distributed globally via an extensive network of customer service centers, strategic alliances, and independent dealers.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
ZAc3,698.00 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
13.3K
Beta
0.52
Float Shares
18.95M
Free Float %
19.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% +0.00% +5.26% -2.10% +0.00% -0.71% +199.57% +342.11% +268.42% +750.20%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3,698.00
DCF (Unlevered) 19,462.00 +426.3%
DCF (Levered) 64,323.64 +1,639.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.25
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Agricultural - Machinery: +5.1%
    -4.7% Q4'25: -32.8% (vs Q4'23)
  • EPS growth Agricultural - Machinery: +10.7%
    -11.8% Q4'25: -64.7% (vs Q4'23)
  • FCF margin FCF growth · Agricultural - Machinery: +31.2%
    +8.8% Q4'25: -1.7% (vs Q4'23)
  • EBIT margin Agricultural - Machinery: +9.5%
    +5.8% Q4'25: +6.8% (vs Q4'23)
  • ROIC Agricultural - Machinery: +7.1%
    +7.4% Q4'25: +15.7% (vs Q4'23)
  • Share dilution Agricultural - Machinery: +0.0%
    -1.2% Q4'25: +10.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Agricultural - Machinery: 0.00×
    1.04× Q4'25: 0.44× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.42) × ERP
WACC = 83% × Ke + 17% × Kd (8.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 19,462.00 Current price: 3,698.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-28 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-27 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-26 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-25 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-22 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-21 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-20 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-19 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-18 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-15 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-14 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-13 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-12 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-11 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-08 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-07 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-06 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-05 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-05-04 A+ 4/5 5/5 3/5 4/5 3/5 4/5 5/5
2026-04-22 A 4/5 5/5 3/5 4/5 2/5 4/5 4/5
2026-04-21 A 4/5 5/5 3/5 4/5 2/5 4/5 4/5
2026-04-20 A 4/5 5/5 3/5 4/5 2/5 4/5 4/5
2026-04-17 A 4/5 5/5 3/5 5/5 2/5 4/5 4/5
2026-04-16 A 4/5 5/5 3/5 5/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.55B
OE per share TTM
23.39
Owner's Yield
57.74%
Maintenance CapEx ratio
240.44%
Maint CapEx / Avg PPE
13.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 32.5K 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
202.0K
Shares Outstanding
95.60M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Karen J. van Haght Group Chief Financial Officer & Executive Director 10M female
Ashley John Bell Chief Executive Officer & Executive Director 6M male
Avishkar Goordeen Alternate Executive Director 6M male
Stephen Jones Director of Group Engineering, Marketing & Product Portfolio and Alternate Executive Director 4M male
Johan Van Wyngaardt Director of Group Human Resources male
Justin Bell Director of Group Technical & Quality Assurance male
Dominic Chinnappen Director of Southern hemisphere manufacturing, group sales & operations planning male
Diana McIlrath Group Company Secretary & Legal female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits