ATLASATLAS fair value
ZAR 55.26
Below fair value · 30% discount
Range: ZAR 38–ZAR 79Fair valuePrice
Bell Equipment (BEL.JSE)
Bell Equipment share price today, ATLAS forecast and fair value
Industrials · Farm & Heavy Construction Machinery · Johannesburg Stock Exchange · South Africa
ZAR 38.60▲ +1.58%
Prices as of Oct 27, 2026 · ZAR
Chance of rising in 1 month
52%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on Bell Equipment in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
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- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
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On Bell Equipment
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates Bell Equipment's fair value at about ZAR 55.26 per share (reasonable range: ZAR 38.46 to ZAR 78.61). At ZAR 38.60, the stock trades 30% below it.
It is calculated with valuation multiples of comparable companies. Confidence in the estimate is medium. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Bell Equipment a 52% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between ZAR 37.13 and ZAR 40.39; in 9 out of 10, between ZAR 34.47 and ZAR 43.52. Estimated annual volatility is 17%.
Price, last 12 months (weekly close)
Key numbers
- Market cap
- ZAR 3.8B
- Market cap (USD)
- $228M
- P/E ratio
- 17.8
- Dividend yield
- 0.03%
- 52-week high
- ZAR 43.92
- 52-week low
- ZAR 32.50
- Revenue (12 months)
- ZAR 10.4B
- Gross margin
- 21.2%
- Operating margin
- 2.3%
- Net margin
- 2.3%
- Beta
- 0.26
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Bell Equipment sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks BEL.JSE has traded between ZAR 32.50 and ZAR 43.92. Today it is 12.1% below that high and 19% above its low.
On the business: net margin is 2.3%; it trades at 17.8 times earnings.
Its beta is 0.26: it tends to move less than the market.
About the company
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.
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Comparable companies
Other companies in the same line of business:
Frequently asked questions
What is Bell Equipment (BEL.JSE) fair value?
About ZAR 55.26 per share according to ATLAS (reasonable range: ZAR 38.46 to ZAR 78.61). With the stock at ZAR 38.60, it is 30% below it.
What is the chance BEL.JSE goes up next month?
52%: close to a coin flip. In half of the simulated outcomes, BEL.JSE ends the month between ZAR 37.13 and ZAR 40.39.
How big is Bell Equipment and what is its P/E ratio?
Bell Equipment's market capitalization is ZAR 3.8B. Its price-to-earnings (P/E) ratio is 17.8: you pay ZAR 17.8 for each ZAR 1.00 of yearly earnings.
Does Bell Equipment pay a dividend?
Yes. BEL.JSE's current dividend yield is 0.03% at today's price (ZAR 38.60).
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer