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BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:BCE-PR-B - CA05534B6952

19.63 CAD
+0.02 (+0.1%)
Last: 12/10/2025, 7:00:00 PM
Fundamental Rating

5

Overall BCE-PR-B gets a fundamental rating of 5 out of 10. We evaluated BCE-PR-B against 30 industry peers in the Diversified Telecommunication Services industry. BCE-PR-B scores excellent on profitability, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on BCE-PR-B.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

BCE-PR-B had positive earnings in the past year.
In the past year BCE-PR-B had a positive cash flow from operations.
Each year in the past 5 years BCE-PR-B has been profitable.
Each year in the past 5 years BCE-PR-B had a positive operating cash flow.
BCE-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

1.2 Ratios

The Return On Assets of BCE-PR-B (7.85%) is better than 90.00% of its industry peers.
BCE-PR-B has a Return On Equity of 27.48%. This is amongst the best in the industry. BCE-PR-B outperforms 83.33% of its industry peers.
BCE-PR-B's Return On Invested Capital of 4.52% is fine compared to the rest of the industry. BCE-PR-B outperforms 73.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BCE-PR-B is in line with the industry average of 5.01%.
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROIC 4.52%
ROA(3y)2.34%
ROA(5y)3.04%
ROE(3y)7.82%
ROE(5y)9.47%
ROIC(3y)4.9%
ROIC(5y)4.97%
BCE-PR-B.CA Yearly ROA, ROE, ROICBCE-PR-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

BCE-PR-B's Profit Margin of 25.21% is amongst the best of the industry. BCE-PR-B outperforms 90.00% of its industry peers.
In the last couple of years the Profit Margin of BCE-PR-B has declined.
The Operating Margin of BCE-PR-B (22.38%) is better than 76.67% of its industry peers.
In the last couple of years the Operating Margin of BCE-PR-B has remained more or less at the same level.
BCE-PR-B has a Gross Margin of 67.92%. This is in the better half of the industry: BCE-PR-B outperforms 80.00% of its industry peers.
BCE-PR-B's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.38%
PM (TTM) 25.21%
GM 67.92%
OM growth 3Y0.29%
OM growth 5Y-0.91%
PM growth 3Y-61.33%
PM growth 5Y-44.58%
GM growth 3Y-0.23%
GM growth 5Y-0.19%
BCE-PR-B.CA Yearly Profit, Operating, Gross MarginsBCE-PR-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE-PR-B is creating some value.
BCE-PR-B has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, BCE-PR-B has more shares outstanding
The debt/assets ratio for BCE-PR-B is higher compared to a year ago.
BCE-PR-B.CA Yearly Shares OutstandingBCE-PR-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-B.CA Yearly Total Debt VS Total AssetsBCE-PR-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

Based on the Altman-Z score of 0.59, we must say that BCE-PR-B is in the distress zone and has some risk of bankruptcy.
BCE-PR-B has a worse Altman-Z score (0.59) than 76.67% of its industry peers.
BCE-PR-B has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE-PR-B would need 10.36 years to pay back of all of its debts.
BCE-PR-B has a Debt to FCF ratio of 10.36. This is in the better half of the industry: BCE-PR-B outperforms 76.67% of its industry peers.
BCE-PR-B has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
BCE-PR-B's Debt to Equity ratio of 1.57 is amongst the best of the industry. BCE-PR-B outperforms 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.59
ROIC/WACC1.07
WACC4.21%
BCE-PR-B.CA Yearly LT Debt VS Equity VS FCFBCE-PR-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.3 Liquidity

A Current Ratio of 0.58 indicates that BCE-PR-B may have some problems paying its short term obligations.
With a decent Current ratio value of 0.58, BCE-PR-B is doing good in the industry, outperforming 70.00% of the companies in the same industry.
BCE-PR-B has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-B is not financially healthy enough and could expect problems in meeting its short term obligations.
BCE-PR-B has a Quick ratio of 0.55. This is in the better half of the industry: BCE-PR-B outperforms 70.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-B.CA Yearly Current Assets VS Current LiabilitesBCE-PR-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

4

3. Growth

3.1 Past

The earnings per share for BCE-PR-B have decreased by -3.65% in the last year.
Measured over the past years, BCE-PR-B shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.78% on average per year.
The Revenue has been growing slightly by 0.11% in the past year.
Measured over the past years, BCE-PR-B shows a small growth in Revenue. The Revenue has been growing by 0.51% on average per year.
EPS 1Y (TTM)-3.65%
EPS 3Y-1.59%
EPS 5Y-2.78%
EPS Q2Q%5.33%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y1.35%
Revenue growth 5Y0.51%
Sales Q2Q%1.31%

3.2 Future

The Earnings Per Share is expected to grow by 1.21% on average over the next years.
BCE-PR-B is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.13% yearly.
EPS Next Y-8.69%
EPS Next 2Y-5.15%
EPS Next 3Y-3.3%
EPS Next 5Y1.21%
Revenue Next Year1.46%
Revenue Next 2Y2.24%
Revenue Next 3Y1.9%
Revenue Next 5Y2.13%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BCE-PR-B.CA Yearly Revenue VS EstimatesBCE-PR-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 10B 20B 30B
BCE-PR-B.CA Yearly EPS VS EstimatesBCE-PR-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

8

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 6.77, the valuation of BCE-PR-B can be described as very cheap.
90.00% of the companies in the same industry are more expensive than BCE-PR-B, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.54, BCE-PR-B is valued rather cheaply.
BCE-PR-B is valuated cheaply with a Price/Forward Earnings ratio of 7.18.
Based on the Price/Forward Earnings ratio, BCE-PR-B is valued cheaper than 86.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BCE-PR-B to the average of the S&P500 Index (23.78), we can say BCE-PR-B is valued rather cheaply.
Industry RankSector Rank
PE 6.77
Fwd PE 7.18
BCE-PR-B.CA Price Earnings VS Forward Price EarningsBCE-PR-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

86.67% of the companies in the same industry are more expensive than BCE-PR-B, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, BCE-PR-B is valued cheaper than 86.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.63
EV/EBITDA 5.55
BCE-PR-B.CA Per share dataBCE-PR-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

BCE-PR-B has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as BCE-PR-B's earnings are expected to decrease with -3.30% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.15%
EPS Next 3Y-3.3%

5

5. Dividend

5.1 Amount

BCE-PR-B has a Yearly Dividend Yield of 5.97%, which is a nice return.
Compared to an average industry Dividend Yield of 5.08, BCE-PR-B is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 1.96, BCE-PR-B pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.97%

5.2 History

The dividend of BCE-PR-B has a limited annual growth rate of 4.82%.
BCE-PR-B has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years0
BCE-PR-B.CA Yearly Dividends per shareBCE-PR-B.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

43.52% of the earnings are spent on dividend by BCE-PR-B. This is a bit on the high side, but may be sustainable.
BCE-PR-B's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.52%
EPS Next 2Y-5.15%
EPS Next 3Y-3.3%
BCE-PR-B.CA Yearly Income VS Free CF VS DividendBCE-PR-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
BCE-PR-B.CA Dividend Payout.BCE-PR-B.CA Dividend Payout, showing the Payout Ratio.BCE-PR-B.CA Dividend Payout.PayoutRetained Earnings

BCE INC - BCECN 4.45 PERP

TSX:BCE-PR-B (12/10/2025, 7:00:00 PM)

19.63

+0.02 (+0.1%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-05 2026-02-05/amc
Inst Owners47.22%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap18.31B
Revenue(TTM)24.49B
Net Income(TTM)6.17B
Analysts65.45
Price Target22.24 (13.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.97%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years0
Div Non Decr Years0
Ex-Date11-28 2025-11-28 (0.09271)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.44%
Min EPS beat(2)-12.22%
Max EPS beat(2)9.34%
EPS beat(4)3
Avg EPS beat(4)4.21%
Min EPS beat(4)-12.22%
Max EPS beat(4)10.64%
EPS beat(8)5
Avg EPS beat(8)2.18%
EPS beat(12)6
Avg EPS beat(12)1.77%
EPS beat(16)10
Avg EPS beat(16)2.48%
Revenue beat(2)1
Avg Revenue beat(2)-0.07%
Min Revenue beat(2)-1.42%
Max Revenue beat(2)1.28%
Revenue beat(4)2
Avg Revenue beat(4)-0.21%
Min Revenue beat(4)-1.42%
Max Revenue beat(4)1.28%
Revenue beat(8)2
Avg Revenue beat(8)-0.91%
Revenue beat(12)3
Avg Revenue beat(12)-0.85%
Revenue beat(16)3
Avg Revenue beat(16)-0.9%
PT rev (1m)6.42%
PT rev (3m)11.54%
EPS NQ rev (1m)-1.8%
EPS NQ rev (3m)-0.7%
EPS NY rev (1m)2.13%
EPS NY rev (3m)1.84%
Revenue NQ rev (1m)0.32%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.21%
Valuation
Industry RankSector Rank
PE 6.77
Fwd PE 7.18
P/S 0.75
P/FCF 4.63
P/OCF 2.51
P/B 0.82
P/tB N/A
EV/EBITDA 5.55
EPS(TTM)2.9
EY14.77%
EPS(NY)2.73
Fwd EY13.93%
FCF(TTM)4.24
FCFY21.61%
OCF(TTM)7.83
OCFY39.9%
SpS26.26
BVpS24.08
TBVpS-8.8
PEG (NY)N/A
PEG (5Y)N/A
Graham Number39.64
Profitability
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROCE 8.25%
ROIC 4.52%
ROICexc 4.55%
ROICexgc 8.5%
OM 22.38%
PM (TTM) 25.21%
GM 67.92%
FCFM 16.15%
ROA(3y)2.34%
ROA(5y)3.04%
ROE(3y)7.82%
ROE(5y)9.47%
ROIC(3y)4.9%
ROIC(5y)4.97%
ROICexc(3y)5.01%
ROICexc(5y)5.05%
ROICexgc(3y)9.15%
ROICexgc(5y)9.15%
ROCE(3y)9.37%
ROCE(5y)9.44%
ROICexgc growth 3Y1.14%
ROICexgc growth 5Y-3.03%
ROICexc growth 3Y0.85%
ROICexc growth 5Y-2.9%
OM growth 3Y0.29%
OM growth 5Y-0.91%
PM growth 3Y-61.33%
PM growth 5Y-44.58%
GM growth 3Y-0.23%
GM growth 5Y-0.19%
F-Score6
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Debt/EBITDA 3.32
Cap/Depr 65.44%
Cap/Sales 13.68%
Interest Coverage 2.91
Cash Conversion 68.91%
Profit Quality 64.08%
Current Ratio 0.58
Quick Ratio 0.55
Altman-Z 0.59
F-Score6
WACC4.21%
ROIC/WACC1.07
Cap/Depr(3y)97.8%
Cap/Depr(5y)98.75%
Cap/Sales(3y)19.56%
Cap/Sales(5y)19.53%
Profit Quality(3y)656.86%
Profit Quality(5y)446%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.65%
EPS 3Y-1.59%
EPS 5Y-2.78%
EPS Q2Q%5.33%
EPS Next Y-8.69%
EPS Next 2Y-5.15%
EPS Next 3Y-3.3%
EPS Next 5Y1.21%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y1.35%
Revenue growth 5Y0.51%
Sales Q2Q%1.31%
Revenue Next Year1.46%
Revenue Next 2Y2.24%
Revenue Next 3Y1.9%
Revenue Next 5Y2.13%
EBIT growth 1Y-0.47%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year95.07%
EBIT Next 3Y26.66%
EBIT Next 5Y16.23%
FCF growth 1Y77.12%
FCF growth 3Y-4.23%
FCF growth 5Y-6.84%
OCF growth 1Y-3.63%
OCF growth 3Y-3.43%
OCF growth 5Y-1.95%

BCE INC - BCECN 4.45 PERP / BCE-PR-B.CA FAQ

What is the fundamental rating for BCE-PR-B stock?

ChartMill assigns a fundamental rating of 5 / 10 to BCE-PR-B.CA.


What is the valuation status of BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA) stock?

ChartMill assigns a valuation rating of 8 / 10 to BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA). This can be considered as Undervalued.


What is the profitability of BCE-PR-B stock?

BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA) has a profitability rating of 7 / 10.


What is the financial health of BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA) stock?

The financial health rating of BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA) is 3 / 10.


What is the expected EPS growth for BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA) stock?

The Earnings per Share (EPS) of BCE INC - BCECN 4.45 PERP (BCE-PR-B.CA) is expected to decline by -8.69% in the next year.