B

Bell Equipment Ltd
JSE:BEL

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Bell Equipment Ltd
JSE:BEL
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Price: 3 910 Zac -0.64% Market Closed
Market Cap: 3.7B ZAR

Gross Margin

21.5%
Current
Improving
by 1.1%
vs 3-y average of 20.5%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
21.5%
=
Gross Profit
2.5B
/
Revenue
11.4B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
21.5%
=
Gross Profit
Zac2.5B
/
Revenue
11.4B

Peer Comparison

Country Company Market Cap Gross
Margin
ZA
Bell Equipment Ltd
JSE:BEL
3.7B ZAR
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US
Caterpillar Inc
NYSE:CAT
328.1B USD
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US
Cummins Inc
NYSE:CMI
75.1B USD
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SE
Volvo AB
STO:VOLV B
656.4B SEK
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US
Paccar Inc
NASDAQ:PCAR
60.7B USD
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KR
Hyundai Heavy Industries Co Ltd
KRX:329180
61.4T KRW
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US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
40.8B USD
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JP
Komatsu Ltd
TSE:6301
6.2T JPY
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JP
Toyota Industries Corp
TSE:6201
6.2T JPY
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CN
China CSSC Holdings Ltd
SSE:600150
264.8B CNY
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DE
Daimler Truck Holding AG
XETRA:DTG
32.4B EUR
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Market Distribution

Lower than 86% of companies in South Africa
Percentile
14th
Based on 25 companies
14th percentile
21.5%
Low
-0.2% — 34.5%
Typical Range
34.5% — 46.1%
High
46.1% — 1 556.3%
Distribution Statistics
South Africa
Min -0.2%
30th Percentile 34.5%
Median 45.2%
70th Percentile 46.1%
Max 1 556.3%

Bell Equipment Ltd
Glance View

Market Cap
3.7B Zac
Industry
Machinery

Bell Equipment Ltd. stands as a testament to innovation and resilience, tracing its roots back to humble beginnings in a small South African town. Founded in 1954 by Irvine Bell, the company embarked on its journey as a modest engineering operation specializing in transport equipment repairs. Over the decades, Bell Equipment evolved with the times, steadily carving a niche in manufacturing heavy-duty machinery for industries spanning construction, mining, and agriculture. Its signature product, the Articulated Dump Truck (ADT), positioned Bell as a formidable player globally, demonstrating the company’s commitment to engineering excellence and its ability to meet the rugged demands of challenging terrains. The heart of Bell Equipment’s business model lies in its manufacturing prowess and global distribution network. The company generates revenue by designing and producing a diverse line-up of earthmoving equipment, with ADTs being their highlight—a reflection of their expertise and competitive edge. Bell Equipment maximizes value by vertically integrating its operations, from R&D to after-sales service, ensuring customer satisfaction and loyalty. By establishing strategic partnerships and maintaining a robust dealer network across continents, Bell capitalizes on emerging market needs while catering to established industries. This approach not only strengthens their market penetration but also bolsters their revenue streams across various economic cycles, underpinning their sustained growth and financial stability.

BEL Intrinsic Value
5 855.27 Zac
Undervaluation 33%
Intrinsic Value
Price
B
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
21.5%
=
Gross Profit
2.5B
/
Revenue
11.4B
What is Bell Equipment Ltd's current Gross Margin?

The current Gross Margin for Bell Equipment Ltd is 21.5%, which is above its 3-year median of 20.5%.

How has Gross Margin changed over time?

Over the last 3 years, Bell Equipment Ltd’s Gross Margin has increased from 19.3% to 21.5%. During this period, it reached a low of 19% on Jun 30, 2023 and a high of 21.5% on Jun 30, 2025.

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