Bell Equipment Limited (JSE:BEL)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
4,080.00
-9.00 (-0.22%)
Sep 8, 2026, 5:00 PM SAST

Bell Equipment Financials Overview

Millions ZAR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
10,39611,15211,69713,51410,2768,017
Revenue Growth
-6.78%-4.65%-13.44%31.50%28.18%19.83%
Gross Profit
2,2032,4732,4682,7022,0311,544
Operating Income
398.7581.31754.41,194705.19403.72
Net Income
236.36384.03440.44763.61456.85286.77
Earnings Per Share
2.053.714.147.443.572.60
EPS Growth
-44.72%-10.39%-44.35%108.40%37.31%-

Revenue by Segment

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Direct Sales Operations - South Africa
4,7884,4844,4093,9443,063
Direct Sales Operations - Rest of Africa
-773.7888.91586.78339.13
Manufacturing, Assembly,Logistics and Dealer Sales Operations - South Africa
7,3348,4118,6847,0215,116
Direct Sales Operations - Zambia
929.82----
Other Operations and Inter-Segmental Eliminations
-5,544-6,207-6,645-5,399-3,788
Manufacturing, Assembly,Logistics and Dealer Sales Operations - Europe
3,6444,2356,1764,1233,287
Total
11,15211,69713,51410,2768,017

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
664.34631.45283.37251.79228.6156.33
Total Debt
953.78933.671,2772,2971,8161,162
Net Cash (Debt)
-289.44-302.22-994.03-2,045-1,587-1,005
Net Cash Growth
------
Net Cash Per Share
-2.51-2.92-9.33-19.93-12.42-9.12

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
158.481,0801,926251.36-216.3593.86
Capital Expenditures
-157.24-151.32-180.31-212.31-130.74-103.65
Free Cash Flow
1.24928.891,74639.05-347.04490.21
Free Cash Flow Growth
-99.87%-46.79%4371.09%---33.22%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
21.19%22.18%21.10%19.99%19.77%19.26%
Operating Margin
3.84%5.21%6.45%8.83%6.86%5.04%
Pretax Margin
3.50%5.13%5.75%7.99%6.28%4.61%
Profit Margin
2.27%3.44%3.77%5.65%4.45%3.58%
FCF Margin
0.01%8.33%14.93%0.29%-3.38%6.12%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.0001.0001.600-0.9000.500
Dividend Per Share Growth
0%-37.50%--80.00%-
Dividend Yield
2.47%2.44%4.21%-6.65%4.73%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
19.8910.468.822.883.194.12
Forward PE
-3.803.803.803.803.80
P/FCF Ratio
3145.454.322.2356.33-2.41
PS Ratio
0.380.360.330.160.140.15