B

Bell Equipment Ltd
JSE:BEL

Watchlist Manager
Bell Equipment Ltd
JSE:BEL
Watchlist
Price: 4 050 Zac -1.2% Market Closed
Market Cap: 3.9B Zac
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+36%
5Y
+67%
10Y
+88%
Operating Income
+
3Y
+19%
5Y
-
10Y
+152%
Net Income
+
3Y
+9%
5Y
-
10Y
+270%

Earnings Waterfall
Bell Equipment Ltd

Revenue
11.4B ZAR
Cost of Revenue
-9B ZAR
Gross Profit
2.5B ZAR
Operating Expenses
-1.9B ZAR
Operating Income
530.5m ZAR
Other Expenses
-183.4m ZAR
Net Income
347.1m ZAR

Income Statement
Bell Equipment Ltd

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Income Statement
Currency: ZAR
Dec-2001 Jun-2002 Dec-2002 Jun-2003 Dec-2003 Jun-2004 Dec-2004 Jun-2005 Dec-2005 Jun-2006 Dec-2006 Jun-2007 Dec-2007 Jun-2008 Dec-2008 Jun-2009 Dec-2009 Jun-2010 Dec-2010 Jun-2011 Dec-2011 Jun-2012 Dec-2012 Jun-2013 Dec-2013 Jun-2014 Dec-2014 Jun-2015 Dec-2015 Jun-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
13
0
21
0
30
0
158
0
155
0
28
12
33
66
104
126
122
98
70
41
45
63
54
38
42
66
68
61
77
70
48
43
43
62
89
126
166
178
154
121
96
95
137
172
194
208
178
0
Revenue
1 658
N/A
1 907
+15%
2 386
+25%
2 737
+15%
2 778
+1%
2 677
-4%
2 527
-6%
2 838
+12%
3 209
+13%
3 076
-4%
3 533
+15%
4 068
+15%
4 625
+14%
5 343
+16%
5 458
+2%
4 046
-26%
2 699
-33%
2 826
+5%
3 411
+21%
4 050
+19%
5 071
+25%
5 831
+15%
5 670
-3%
5 788
+2%
6 319
+9%
6 739
+7%
6 609
-2%
6 068
-8%
5 901
-3%
6 101
+3%
6 002
-2%
6 410
+7%
6 873
+7%
7 098
+3%
7 534
+6%
7 849
+4%
7 823
0%
6 858
-12%
6 690
-2%
7 455
+11%
8 017
+8%
8 403
+5%
10 276
+22%
12 051
+17%
13 514
+12%
13 889
+3%
11 697
-16%
11 422
-2%
Gross Profit
Cost of Revenue
(1 228)
(1 374)
(1 769)
(2 141)
(2 173)
(2 120)
(2 054)
(2 381)
(2 702)
(2 520)
(2 739)
(3 118)
(3 648)
(4 107)
(4 037)
(3 014)
(2 164)
(2 290)
(2 684)
(3 151)
(3 872)
(4 490)
(4 410)
(4 403)
(4 890)
(5 283)
(5 067)
(4 618)
(4 556)
(4 725)
(4 604)
(5 098)
(5 527)
(5 755)
(6 050)
(6 204)
(6 375)
(5 683)
(5 456)
(5 930)
(6 473)
(6 779)
(8 245)
(9 763)
(10 812)
(10 997)
(9 229)
(8 960)
Gross Profit
430
N/A
533
+24%
618
+16%
597
-3%
605
+1%
558
-8%
473
-15%
457
-3%
508
+11%
556
+10%
794
+43%
949
+20%
977
+3%
1 236
+26%
1 422
+15%
1 032
-27%
535
-48%
537
+0%
727
+35%
899
+24%
1 199
+33%
1 341
+12%
1 260
-6%
1 384
+10%
1 429
+3%
1 456
+2%
1 541
+6%
1 450
-6%
1 345
-7%
1 377
+2%
1 398
+2%
1 312
-6%
1 347
+3%
1 342
0%
1 485
+11%
1 645
+11%
1 448
-12%
1 174
-19%
1 234
+5%
1 525
+24%
1 544
+1%
1 625
+5%
2 031
+25%
2 288
+13%
2 702
+18%
2 892
+7%
2 468
-15%
2 461
0%
Operating Income
Operating Expenses
(295)
(353)
(386)
(404)
(452)
(475)
(447)
(425)
(460)
(416)
(419)
(435)
(483)
(597)
(833)
(1 005)
(799)
(610)
(602)
(651)
(763)
(841)
(895)
(1 024)
(1 089)
(1 203)
(1 356)
(1 239)
(1 077)
(1 121)
(1 250)
(1 109)
(943)
(939)
(1 031)
(1 118)
(1 229)
(1 227)
(1 198)
(1 223)
(1 140)
(1 180)
(1 326)
(1 355)
(1 508)
(1 708)
(1 713)
(1 931)
Selling, General & Administrative
(312)
(371)
(418)
(436)
(472)
(481)
(487)
(487)
(504)
(476)
(476)
0
(508)
0
(731)
0
(587)
0
(538)
0
(719)
0
(802)
0
(969)
0
(969)
0
0
0
(1 012)
0
(859)
0
(940)
0
(906)
0
(835)
(370)
(777)
(812)
(927)
(1 027)
(1 122)
(1 186)
(1 108)
(1 108)
Other Operating Expenses
17
18
32
32
20
6
40
62
44
60
57
(435)
26
(597)
(102)
(1 005)
(212)
(610)
(64)
(651)
(45)
(841)
(94)
(1 024)
(120)
(1 203)
(387)
(1 239)
(1 077)
(1 121)
(238)
(1 109)
(84)
(939)
(91)
(1 118)
(323)
(1 227)
(364)
(853)
(363)
(368)
(400)
(328)
(386)
(522)
(605)
(823)
Operating Income
135
N/A
180
+33%
231
+29%
193
-17%
153
-21%
83
-46%
25
-69%
33
+28%
47
+46%
140
+196%
375
+168%
514
+37%
494
-4%
639
+29%
589
-8%
27
-95%
(263)
N/A
(73)
+72%
125
N/A
248
+99%
436
+76%
499
+15%
365
-27%
360
-1%
340
-6%
254
-25%
185
-27%
211
+14%
268
+27%
255
-5%
148
-42%
203
+37%
403
+99%
403
0%
454
+13%
527
+16%
218
-59%
(53)
N/A
36
N/A
302
+748%
404
+34%
444
+10%
705
+59%
933
+32%
1 194
+28%
1 185
-1%
754
-36%
530
-30%
Pre-Tax Income
Interest Income Expense
(1)
(4)
(56)
(82)
(76)
(64)
(31)
(15)
(44)
(6)
(28)
(60)
(20)
(46)
(75)
(101)
(109)
(83)
(58)
(31)
(34)
(55)
(42)
(25)
(35)
(59)
(55)
(45)
(61)
(53)
(33)
(15)
(0)
(14)
(48)
(84)
(112)
(129)
(103)
(65)
(34)
(25)
(59)
(94)
(111)
(112)
(76)
(13)
Total Other Income
0
0
0
0
0
(0)
(0)
(0)
0
0
(0)
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
(7)
0
Pre-Tax Income
135
N/A
176
+31%
175
-1%
111
-37%
77
-31%
19
-75%
(6)
N/A
17
N/A
4
-78%
134
+3 421%
347
+159%
454
+31%
475
+5%
593
+25%
515
-13%
(74)
N/A
(372)
-401%
(156)
+58%
66
N/A
216
+227%
402
+86%
445
+11%
323
-27%
335
+4%
305
-9%
195
-36%
130
-33%
166
+27%
207
+25%
203
-2%
116
-43%
188
+62%
403
+115%
389
-4%
405
+4%
443
+9%
107
-76%
(182)
N/A
(68)
+63%
237
N/A
370
+56%
419
+13%
646
+54%
840
+30%
1 080
+29%
1 073
-1%
672
-37%
517
-23%
Net Income
Tax Provision
(36)
(46)
(50)
(31)
(40)
(29)
(5)
(10)
(12)
(53)
(111)
(138)
(110)
(143)
(154)
(19)
100
82
(30)
(75)
(105)
(112)
(80)
(86)
(100)
(85)
(64)
(71)
(65)
(86)
(77)
(94)
(131)
(103)
(129)
(147)
(54)
30
10
(66)
(75)
(90)
(167)
(222)
(287)
(301)
(201)
(145)
Income from Continuing Operations
99
130
126
80
37
(10)
(11)
7
(8)
81
236
316
365
450
361
(93)
(272)
(74)
37
141
297
333
243
249
206
109
66
96
142
117
39
94
272
286
276
296
52
(152)
(57)
171
294
329
479
617
794
771
471
372
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
(12)
(1)
12
4
(11)
(21)
(21)
(25)
(18)
(11)
(23)
(16)
(3)
(2)
(1)
(1)
(1)
(7)
(12)
(13)
(7)
5
15
16
(7)
(20)
(7)
(11)
(22)
(33)
(30)
(27)
(31)
(25)
Net Income (Common)
99
N/A
130
+32%
126
-4%
80
-36%
37
-54%
(10)
N/A
(11)
-12%
7
N/A
(8)
N/A
81
N/A
236
+191%
316
+34%
365
+15%
445
+22%
348
-22%
(95)
N/A
(260)
-175%
(71)
+73%
26
N/A
121
+371%
276
+129%
308
+12%
225
-27%
237
+6%
183
-23%
93
-49%
63
-32%
94
+48%
141
+51%
116
-18%
37
-68%
87
+133%
260
+198%
273
+5%
270
-1%
301
+12%
67
-78%
(137)
N/A
(64)
+53%
151
N/A
287
+90%
318
+11%
457
+44%
585
+28%
764
+31%
744
-3%
440
-41%
347
-21%
EPS (Diluted)
1.04
N/A
1.37
+32%
1.33
-3%
0.85
-36%
0.39
-54%
-0.11
N/A
-0.12
-9%
0.07
N/A
-0.09
N/A
0.86
N/A
2.49
+190%
3.33
+34%
3.84
+15%
4.69
+22%
3.67
-22%
-0.99
N/A
-2.74
-177%
-0.74
+73%
0.27
N/A
1.27
+370%
2.9
+128%
3.19
+10%
2.32
-27%
2.45
+6%
1.89
-23%
0.97
-49%
0.66
-32%
0.98
+48%
1.48
+51%
1.22
-18%
0.39
-68%
0.91
+133%
2.73
+200%
2.85
+4%
2.81
-1%
3.14
+12%
0.7
-78%
-1.43
N/A
-0.67
+53%
1.57
N/A
2.6
+66%
2.86
+10%
3.57
+25%
4.58
+28%
7.44
+62%
7.29
-2%
4.14
-43%
3.29
-21%

See Also

Summary
BEL intrinsic value, competitors valuation, and company profile.
DCF Valuation
BEL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BEL stock valuation using valuation multiples.
Wall Street Estimates
BEL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BEL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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