B

Bell Equipment Ltd
JSE:BEL

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Bell Equipment Ltd
JSE:BEL
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Price: 3 908 Zac -2.28% Market Closed
Market Cap: 3.7B ZAR

Net Margin

3%
Current
Declining
by 1.5%
vs 3-y average of 4.5%

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
3%
=
Net Income
347.1m
/
Revenue
11.4B

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
3%
=
Net Income
Zac347.1m
/
Revenue
11.4B

Peer Comparison

Country Company Market Cap Net
Margin
ZA
Bell Equipment Ltd
JSE:BEL
3.7B ZAR
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US
Caterpillar Inc
NYSE:CAT
326.8B USD
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US
Cummins Inc
NYSE:CMI
82.1B USD
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SE
Volvo AB
STO:VOLV B
688.7B SEK
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US
Paccar Inc
NASDAQ:PCAR
65.5B USD
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JP
Komatsu Ltd
TSE:6301
6.3T JPY
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US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
39.9B USD
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DE
Daimler Truck Holding AG
XETRA:DTG
34.1B EUR
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JP
Toyota Industries Corp
TSE:6201
5.8T JPY
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CN
China CSSC Holdings Ltd
SSE:600150
249.1B CNY
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KR
Hyundai Heavy Industries Co Ltd
KRX:329180
51.3T KRW
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Market Distribution

In line with most companies in South Africa
Percentile
37th
Based on 27 companies
37th percentile
3%
Low
-785% — -2.1%
Typical Range
-2.1% — 27.2%
High
27.2% — 204.2%
Distribution Statistics
South Africa
Min -785%
30th Percentile -2.1%
Median 24.6%
70th Percentile 27.2%
Max 204.2%

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
4 851.51 Zac
Undervaluation 19%
Intrinsic Value
Price
B
What is Net Margin?
Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.
How is Net Margin calculated?

Net Margin is calculated by dividing the Net Income by the Revenue.

Net Margin
3%
=
Net Income
347.1m
/
Revenue
11.4B
What is Bell Equipment Ltd's current Net Margin?

The current Net Margin for Bell Equipment Ltd is 3%, which is below its 3-year median of 4.5%.

How has Net Margin changed over time?

Over the last 3 years, Bell Equipment Ltd’s Net Margin has decreased from 3.8% to 3%. During this period, it reached a low of 3% on Jul 30, 2025 and a high of 5.7% on Dec 31, 2023.

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