Bell AG
Bell Food Group AG engages in the processing of meat and convenience products in Switzerland. The company offers meat products, such as beef, veal, pork, and lamb; charcuterie consisting of dried ham and cured sausage specialties; chicken and turkey poultry products; and seafood, crustaceans, and frozen products. It also provides convenience products, such as meals, chilled pasta, ready-to-serve … Read more
Bell AG (BELL) - Net Assets
Latest net assets as of December 2025: CHF1.61 Billion CHF
Based on the latest financial reports, Bell AG (BELL) has net assets worth CHF1.61 Billion CHF as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF3.19 Billion) and total liabilities (CHF1.57 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 | CHF1.61 Billion |
| % of Total Assets | 50.63% |
| Annual Growth Rate | 6.78% |
| 5-Year Change | 14.18% |
| 10-Year Change | 65.13% |
| Growth Volatility | 13.72 |
Bell AG - Net Assets Trend (2002–2025)
This chart illustrates how Bell AG'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 AG (2002–2025)
The table below shows the annual net assets of Bell AG from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF1.61 Billion | +1.06% |
| 2024-12-31 | CHF1.60 Billion | +5.99% |
| 2023-12-31 | CHF1.51 Billion | +2.37% |
| 2022-12-31 | CHF1.47 Billion | +4.12% |
| 2021-12-31 | CHF1.41 Billion | +3.59% |
| 2020-12-31 | CHF1.37 Billion | +6.05% |
| 2019-12-31 | CHF1.29 Billion | -0.21% |
| 2018-12-31 | CHF1.29 Billion | +64.47% |
| 2017-12-31 | CHF784.30 Million | -19.79% |
| 2016-12-31 | CHF977.80 Million | +7.51% |
| 2015-12-31 | CHF909.49 Million | +15.57% |
| 2014-12-31 | CHF786.96 Million | +7.59% |
| 2013-12-31 | CHF731.46 Million | +8.29% |
| 2012-12-31 | CHF675.47 Million | +7.80% |
| 2011-12-31 | CHF626.58 Million | +6.12% |
| 2010-12-31 | CHF590.46 Million | -0.73% |
| 2009-12-31 | CHF594.78 Million | +10.41% |
| 2008-12-31 | CHF538.71 Million | +3.01% |
| 2007-12-31 | CHF522.98 Million | +9.25% |
| 2006-12-31 | CHF478.70 Million | +7.35% |
| 2005-12-31 | CHF445.94 Million | +5.74% |
| 2004-12-31 | CHF421.72 Million | +6.55% |
| 2003-12-31 | CHF395.80 Million | +10.83% |
| 2002-12-31 | CHF357.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bell AG'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 405.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF1.72 Billion | 106.71% |
| Common Stock | CHF3.10 Million | 0.19% |
| Total Equity | CHF1.61 Billion | 100.00% |
Bell AG Competitors by Market Cap
The table below lists competitors of Bell AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AutoStore Holdings Ltd
OL:AUTO
|
$903.01 Million |
|
Wuxi Huaguang Boiler Co Ltd
SHG:600475
|
$903.37 Million |
|
Corvus Pharmaceuticals Inc
NASDAQ:CRVS
|
$903.78 Million |
|
Guangdong Golden Dragon Development Inc
SHE:000712
|
$904.06 Million |
|
Alsea S.A.B. de C.V
PINK:ALSSF
|
$902.51 Million |
|
Plymouth Industrial REIT Inc
NYSE:PLYM
|
$902.07 Million |
|
Guangzhou Development Group Inc
SHG:600098
|
$902.01 Million |
|
Eastcompeace Technology Co Ltd
SHE:002017
|
$901.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bell AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,597,400,000 to 1,614,400,000, a change of 17,000,000 (1.1%).
- Net income of 69,600,000 contributed positively to equity growth.
- Dividend payments of 43,900,000 reduced retained earnings.
- Share repurchases of 4,200,000 reduced equity.
- Other comprehensive income increased equity by 78,699,999.
- Other factors decreased equity by 83,199,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF69.60 Million | +4.31% |
| Dividends Paid | CHF43.90 Million | -2.72% |
| Share Repurchases | CHF4.20 Million | -0.26% |
| Other Comprehensive Income | CHF78.70 Million | +4.87% |
| Other Changes | CHF-83.20 Million | -5.15% |
| Total Change | CHF- | 1.06% |
Book Value vs Market Value Analysis
This analysis compares Bell AG'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: 0.80x
- 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.
- The price-to-book ratio has decreased from 2.64x to 0.80x 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 | CHF78.04 | CHF206.00 | x |
| 2003-12-31 | CHF86.49 | CHF206.00 | x |
| 2004-12-31 | CHF90.51 | CHF206.00 | x |
| 2005-12-31 | CHF95.67 | CHF206.00 | x |
| 2006-12-31 | CHF102.67 | CHF206.00 | x |
| 2007-12-31 | CHF113.28 | CHF206.00 | x |
| 2008-12-31 | CHF116.28 | CHF206.00 | x |
| 2009-12-31 | CHF127.80 | CHF206.00 | x |
| 2010-12-31 | CHF128.54 | CHF206.00 | x |
| 2011-12-31 | CHF137.48 | CHF206.00 | x |
| 2012-12-31 | CHF170.00 | CHF206.00 | x |
| 2013-12-31 | CHF183.34 | CHF206.00 | x |
| 2014-12-31 | CHF197.43 | CHF206.00 | x |
| 2015-12-31 | CHF205.53 | CHF206.00 | x |
| 2016-12-31 | CHF220.14 | CHF206.00 | x |
| 2017-12-31 | CHF196.41 | CHF206.00 | x |
| 2018-12-31 | CHF243.73 | CHF206.00 | x |
| 2019-12-31 | CHF205.05 | CHF206.00 | x |
| 2020-12-31 | CHF217.52 | CHF206.00 | x |
| 2021-12-31 | CHF225.43 | CHF206.00 | x |
| 2022-12-31 | CHF234.58 | CHF206.00 | x |
| 2023-12-31 | CHF240.06 | CHF206.00 | x |
| 2024-12-31 | CHF254.50 | CHF206.00 | x |
| 2025-12-31 | CHF257.75 | CHF206.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bell AG 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): 4.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.42%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 1.98x
- Recent ROE (4.31%) is below the historical average (9.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 12.69% | 3.01% | 2.00x | 2.11x | CHF9.59 Million |
| 2003 | 12.23% | 3.15% | 1.92x | 2.02x | CHF8.84 Million |
| 2004 | 8.65% | 2.36% | 1.88x | 1.95x | CHF-5.58 Million |
| 2005 | 8.19% | 2.48% | 1.80x | 1.83x | CHF-7.94 Million |
| 2006 | 9.40% | 2.98% | 2.00x | 1.58x | CHF-2.80 Million |
| 2007 | 10.93% | 3.46% | 2.07x | 1.52x | CHF4.83 Million |
| 2008 | 10.94% | 3.00% | 1.70x | 2.14x | CHF4.98 Million |
| 2009 | 9.75% | 2.21% | 1.95x | 2.27x | CHF-1.43 Million |
| 2010 | 11.46% | 2.48% | 2.29x | 2.03x | CHF8.42 Million |
| 2011 | 11.44% | 2.85% | 2.01x | 2.00x | CHF9.04 Million |
| 2012 | 11.23% | 3.10% | 1.86x | 1.95x | CHF8.34 Million |
| 2013 | 10.47% | 3.02% | 1.76x | 1.97x | CHF3.46 Million |
| 2014 | 11.14% | 3.48% | 1.72x | 1.86x | CHF9.00 Million |
| 2015 | 11.56% | 3.41% | 1.59x | 2.13x | CHF12.76 Million |
| 2016 | 11.44% | 3.01% | 1.56x | 2.43x | CHF12.68 Million |
| 2017 | 13.58% | 3.01% | 1.69x | 2.67x | CHF28.09 Million |
| 2018 | 6.93% | 2.20% | 1.49x | 2.11x | CHF-39.64 Million |
| 2019 | 3.85% | 1.24% | 1.48x | 2.11x | CHF-79.10 Million |
| 2020 | 8.69% | 2.95% | 1.46x | 2.01x | CHF-17.89 Million |
| 2021 | 9.01% | 3.07% | 1.48x | 1.98x | CHF-13.99 Million |
| 2022 | 8.68% | 2.96% | 1.40x | 2.09x | CHF-19.42 Million |
| 2023 | 8.60% | 2.87% | 1.38x | 2.17x | CHF-21.11 Million |
| 2024 | 7.74% | 2.62% | 1.48x | 2.00x | CHF-36.04 Million |
| 2025 | 4.31% | 1.42% | 1.53x | 1.98x | CHF-91.84 Million |
Industry Comparison
This section compares Bell AG's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $14,753,188,509
- Average return on equity (ROE) among peers: 10.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bell AG (BELL) | CHF1.61 Billion | 12.69% | 0.98x | $902.80 Million |
| Hochdorf Holding AG (HOCN) | $309.28 Million | 8.37% | 0.88x | $3.31 Million |
| HT5 N LTD (HT5) | $66.83 Million | 3.82% | 3.39x | $31.16K |
| Nestlé S.A. (NESN) | $58.40 Billion | 17.35% | 1.35x | $218.85 Billion |
| Orior AG (ORON) | $233.64 Million | 10.94% | 0.71x | $76.67 Million |