Bell Equipment Limited
Bell Equipment Limited designs, manufactures, exports, distributes, and supports a range of heavy equipment for the mining and quarrying, construction, forestry, agriculture, and industry sectors in South Africa, Rest of Africa, and Europe. It operates through Manufacturing, Assembly, Logistics and Dealer Sales Operations " South Africa; Manufacturing, Assembly, Logistics and Dealer Sales Operati… Read more
Bell Equipment Limited (BLLQF) - Net Assets
Latest net assets as of June 2025: $5.90 Billion USD
Based on the latest financial reports, Bell Equipment Limited (BLLQF) has net assets worth $5.90 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.20 Billion) and total liabilities ($3.30 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.90 Billion |
| % of Total Assets | 64.11% |
| Annual Growth Rate | 30.09% |
| 5-Year Change | 62.02% |
| 10-Year Change | 88.96% |
| Growth Volatility | 188.4 |
Bell Equipment Limited - Net Assets Trend (2014–2024)
This chart illustrates how Bell Equipment Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bell Equipment Limited (2014–2024)
The table below shows the annual net assets of Bell Equipment Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.68 Billion | +7.42% |
| 2023-12-31 | $5.29 Billion | +21.07% |
| 2022-12-31 | $4.37 Billion | +13.04% |
| 2021-12-31 | $3.86 Billion | +10.22% |
| 2020-12-31 | $3.50 Billion | +1.92% |
| 2019-12-31 | $3.44 Billion | +1.97% |
| 2018-12-31 | $3.37 Billion | +12.81% |
| 2017-12-31 | $2.99 Billion | +8.35% |
| 2016-12-31 | $2.76 Billion | -8.19% |
| 2015-12-31 | $3.00 Billion | +635.11% |
| 2014-12-31 | $408.68 Million | -- |
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 1308.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.19 Billion | 75.21% |
| Other Components | $1.38 Billion | 24.79% |
| Total Equity | $5.57 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 |
|---|---|
|
Samsung Climat
KO:006660
|
$29.75 Million |
|
BMT Co. Ltd
KQ:086670
|
$29.75 Million |
|
Chi Hua Fitness Co Ltd
TWO:1593
|
$29.76 Million |
|
Indo Tech Transformers Limited
NSE:INDOTECH
|
$29.77 Million |
|
Les Hotels Bav
PA:ALLHB
|
$29.74 Million |
|
Odlewnie Polskie SA
WAR:ODL
|
$29.73 Million |
|
Panin Sekuritas Tbk
JK:PANS
|
$29.73 Million |
|
Ashmore Asset Management Indonesia
JK:AMOR
|
$29.73 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 factors decreased equity by 74,795,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $440.44 Million | +7.9% |
| Dividends Paid | $2.99 Million | -0.05% |
| Other Changes | $-74.80 Million | -1.34% |
| Total Change | $- | 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: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $35.91 | $1.30 | x |
| 2020-12-31 | $36.47 | $1.30 | x |
| 2021-12-31 | $40.13 | $1.30 | x |
| 2022-12-31 | $45.18 | $1.30 | x |
| 2023-12-31 | $54.51 | $1.30 | x |
| 2024-12-31 | $58.31 | $1.30 | 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 (6.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.51% | 0.96% | 1.47x | 1.78x | $-30.52 Million |
| 2015 | 5.62% | 2.85% | 1.22x | 1.62x | $-131.41 Million |
| 2016 | 1.36% | 0.62% | 1.33x | 1.63x | $-238.35 Million |
| 2017 | 8.74% | 3.79% | 1.28x | 1.80x | $-37.47 Million |
| 2018 | 8.04% | 3.58% | 1.15x | 1.95x | $-65.70 Million |
| 2019 | 2.20% | 0.96% | 1.11x | 2.05x | $-267.89 Million |
| 2020 | -1.84% | -0.96% | 1.01x | 1.90x | $-413.01 Million |
| 2021 | 7.47% | 3.58% | 1.16x | 1.80x | $-97.00 Million |
| 2022 | 10.57% | 4.45% | 1.19x | 2.00x | $24.81 Million |
| 2023 | 14.65% | 5.65% | 1.28x | 2.02x | $242.46 Million |
| 2024 | 7.90% | 3.77% | 1.29x | 1.63x | $-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.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $405,749,501
- Average return on equity (ROE) among peers: 1.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bell Equipment Limited (BLLQF) | $5.90 Billion | 2.51% | 0.56x | $29.74 Million |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $365.18 Million | 8.40% | 1.98x | $483.70 Million |
| AGCO Corporation (AGCO) | $3.10 Billion | 6.02% | 1.58x | $7.13 Billion |
| Agrify Corp (AGFY) | $-9.27 Million | 0.00% | 0.00x | $58.43 Million |
| Ag Growth International Inc (AGGZF) | $110.78 Million | 17.74% | 0.30x | $363.58 Million |
| Alamo Group Inc (ALG) | $106.91 Million | 3.85% | 0.51x | $1.99 Billion |
| AmeraMex International Inc (AMMX) | $-557.03K | 0.00% | 0.00x | $1.43 Million |
| Arts-Way Manufacturing Co Inc (ARTW) | $12.09 Million | 2.54% | 0.76x | $4.69 Million |
| Astec Industries Inc (ASTE) | $193.89 Million | -2.43% | 1.15x | $1.20 Billion |
| Austin Engineering Limited (AUSTF) | $119.42 Million | -41.40% | 1.27x | $116.99 Million |
| Buhler Industries Inc (BIIAF) | $63.76 Million | 20.96% | 1.45x | $1.51 Million |