Bell Equipment Limited (BEL) - Net Assets

Latest as of June 2025: ZAC5.90 Billion ZAC ≈ $3.13 Million USD

Based on the latest financial reports, Bell Equipment Limited (BEL) has net assets worth ZAC5.90 Billion ZAC (≈ $3.13 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC9.20 Billion ≈ $4.89 Million USD) and total liabilities (ZAC3.30 Billion ≈ $1.75 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Bell Equipment Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ZAC5.90 Billion
% of Total Assets	64.11%
Annual Growth Rate	9.86%
5-Year Change	62.02%
10-Year Change	88.96%
Growth Volatility	14.59

Bell Equipment Limited - Net Assets Trend (2002–2024)

This chart illustrates how Bell Equipment Limited's net assets have evolved over time, based on quarterly financial data. Also explore BEL total asset value for the complete picture of this company's asset base.

Annual Net Assets for Bell Equipment Limited (2002–2024)

The table below shows the annual net assets of Bell Equipment Limited from 2002 to 2024. For live valuation and market cap data, see how much is Bell Equipment Limited worth.

Year	Net Assets	Change
2024-12-31	ZAC5.68 Billion ≈ $3.02 Million	+7.42%
2023-12-31	ZAC5.29 Billion ≈ $2.81 Million	+21.07%
2022-12-31	ZAC4.37 Billion ≈ $2.32 Million	+13.04%
2021-12-31	ZAC3.86 Billion ≈ $2.05 Million	+10.22%
2020-12-31	ZAC3.50 Billion ≈ $1.86 Million	+1.92%
2019-12-31	ZAC3.44 Billion ≈ $1.83 Million	+1.97%
2018-12-31	ZAC3.37 Billion ≈ $1.79 Million	+12.81%
2017-12-31	ZAC2.99 Billion ≈ $1.59 Million	+8.35%
2016-12-31	ZAC2.76 Billion ≈ $1.47 Million	-8.19%
2015-12-31	ZAC3.00 Billion ≈ $1.60 Million	+18.45%
2014-12-31	ZAC2.54 Billion ≈ $1.35 Million	+1.92%
2013-12-31	ZAC2.49 Billion ≈ $1.32 Million	+20.02%
2012-12-31	ZAC2.07 Billion ≈ $1.10 Million	+16.65%
2011-12-31	ZAC1.78 Billion ≈ $944.67K	+25.29%
2010-12-31	ZAC1.42 Billion ≈ $753.97K	-0.12%
2009-12-31	ZAC1.42 Billion ≈ $754.89K	-19.73%
2008-12-31	ZAC1.77 Billion ≈ $940.43K	+28.15%
2007-12-31	ZAC1.38 Billion ≈ $733.86K	+44.61%
2006-12-31	ZAC954.91 Million ≈ $507.49K	+36.56%
2005-12-31	ZAC699.26 Million ≈ $371.62K	-0.12%
2004-12-31	ZAC700.12 Million ≈ $372.08K	-1.57%
2003-12-31	ZAC711.26 Million ≈ $378.00K	-0.90%
2002-12-31	ZAC717.69 Million ≈ $381.41K	--

Equity Component Analysis

This analysis shows how different components contribute to Bell Equipment Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 879.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	ZAC4.19 Billion	75.21%
Common Stock	ZAC235.54 Million	4.23%
Other Comprehensive Income	ZAC1.15 Billion	20.56%
Total Equity	ZAC5.57 Billion	100.00%

Bell Equipment Limited Competitors by Market Cap

The table below lists competitors of Bell Equipment Limited ranked by their market capitalization.

Company	Market Cap
EIH Associated Hotels Limited NSE:EIHAHOTELS	$213.39 Million
Mediwound Ltd NASDAQ:MDWD	$213.45 Million
High Tide Inc NASDAQ:HITI	$213.45 Million
Azkoyen MC:AZK	$213.59 Million
Hoang Huy Investment Services JSC VN:HHS	$213.37 Million
One Stop Systems Inc NASDAQ:OSS	$213.28 Million
PT Net Visi Media Tbk JK:NETV	$213.27 Million
Vakif Gayrimenkul Yatirim Ortakligi AS IS:VKGYO	$213.27 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bell Equipment Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 5,211,478,000 to 5,574,127,000, a change of 362,649,000 (7.0%).
Net income of 440,435,000 contributed positively to equity growth.
Dividend payments of 2,991,000 reduced retained earnings.
Other comprehensive income decreased equity by 76,494,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	ZAC440.44 Million	+7.9%
Dividends Paid	ZAC2.99 Million	-0.05%
Other Comprehensive Income	ZAC-76.49 Million	-1.37%
Other Changes	ZAC1.70 Million	+0.03%
Total Change	ZAC-	6.96%

Book Value vs Market Value Analysis

This analysis compares Bell Equipment Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 80.24x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 553.98x to 80.24x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	ZAC7.58	ZAC4200.00	x
2003-12-31	ZAC7.52	ZAC4200.00	x
2004-12-31	ZAC7.40	ZAC4200.00	x
2005-12-31	ZAC7.39	ZAC4200.00	x
2006-12-31	ZAC10.07	ZAC4200.00	x
2007-12-31	ZAC14.55	ZAC4200.00	x
2008-12-31	ZAC18.50	ZAC4200.00	x
2009-12-31	ZAC14.95	ZAC4200.00	x
2010-12-31	ZAC14.81	ZAC4200.00	x
2011-12-31	ZAC18.33	ZAC4200.00	x
2012-12-31	ZAC20.90	ZAC4200.00	x
2013-12-31	ZAC25.60	ZAC4200.00	x
2014-12-31	ZAC26.44	ZAC4200.00	x
2015-12-31	ZAC31.50	ZAC4200.00	x
2016-12-31	ZAC28.95	ZAC4200.00	x
2017-12-31	ZAC31.19	ZAC4200.00	x
2018-12-31	ZAC35.01	ZAC4200.00	x
2019-12-31	ZAC35.91	ZAC4200.00	x
2020-12-31	ZAC36.47	ZAC4200.00	x
2021-12-31	ZAC34.83	ZAC4200.00	x
2022-12-31	ZAC33.80	ZAC4200.00	x
2023-12-31	ZAC50.77	ZAC4200.00	x
2024-12-31	ZAC52.35	ZAC4200.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bell Equipment Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 7.90%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.77%
• Asset Turnover: 1.29x
• Equity Multiplier: 1.63x
Recent ROE (7.90%) is above the historical average (7.73%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	17.50%	5.26%	1.80x	1.84x	ZAC53.83 Million
2003	5.15%	1.32%	1.99x	1.97x	ZAC-34.47 Million
2004	-1.63%	-0.45%	1.59x	2.27x	ZAC-81.44 Million
2005	-1.17%	-0.26%	1.95x	2.35x	ZAC-78.12 Million
2006	24.73%	6.68%	1.73x	2.14x	ZAC140.67 Million
2007	26.43%	7.89%	1.60x	2.09x	ZAC226.82 Million
2008	20.54%	6.61%	1.39x	2.23x	ZAC185.09 Million
2009	-19.15%	-10.07%	0.92x	2.06x	ZAC-413.62 Million
2010	2.61%	1.08%	1.29x	1.88x	ZAC-103.90 Million
2011	17.02%	5.85%	1.31x	2.22x	ZAC122.49 Million
2012	11.12%	3.96%	1.63x	1.73x	ZAC22.62 Million
2013	7.37%	2.90%	1.33x	1.92x	ZAC-65.17 Million
2014	2.51%	0.96%	1.47x	1.78x	ZAC-189.42 Million
2015	5.62%	2.85%	1.22x	1.62x	ZAC-131.41 Million
2016	1.36%	0.62%	1.33x	1.63x	ZAC-238.35 Million
2017	8.74%	3.85%	1.26x	1.80x	ZAC-37.47 Million
2018	8.04%	3.58%	1.15x	1.95x	ZAC-65.70 Million
2019	2.20%	0.96%	1.11x	2.05x	ZAC-267.89 Million
2020	-1.84%	-0.96%	1.01x	1.90x	ZAC-413.01 Million
2021	7.47%	3.58%	1.16x	1.80x	ZAC-97.00 Million
2022	10.57%	4.45%	1.19x	2.00x	ZAC24.81 Million
2023	14.65%	5.65%	1.28x	2.02x	ZAC242.46 Million
2024	7.90%	3.77%	1.29x	1.63x	ZAC-116.98 Million

Industry Comparison

This section compares Bell Equipment Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

No peer company data available for comparison.

About Bell Equipment Limited

JSE:BEL South Africa Farm & Heavy Construction Machinery

Market Cap

$213.38 Million

ZAC401.51 Billion ZAC

Market Cap Rank

#16289 Global

#125 in South Africa

Share Price

ZAC4200.00

Change (1 day)

+0.48%

52-Week Range

ZAC3706.00 - ZAC4655.00

All Time High

ZAC5189.00