BCE INC - BCECN 5.496 PERP (BCE-PR-F.CA) Fundamental Analysis & Valuation

TSX:BCE-PR-F • CA05534B7455

23.04 CAD
-0.11 (-0.48%)
Last: Mar 6, 2026, 07:00 PM

This BCE-PR-F.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BCE-PR-F. BCE-PR-F was compared to 27 industry peers in the Diversified Telecommunication Services industry. Both the profitability and financial health of BCE-PR-F have multiple concerns. BCE-PR-F has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally BCE-PR-F also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. BCE-PR-F.CA Profitability Analysis

1.1 Basic Checks

  • BCE-PR-F had positive earnings in the past year.
  • BCE-PR-F had a positive operating cash flow in the past year.
  • BCE-PR-F had positive earnings in 4 of the past 5 years.
  • Of the past 5 years BCE-PR-F 4 years had a positive operating cash flow.
BCE-PR-F.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-F.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

1.2 Ratios

  • BCE-PR-F has a Return On Assets (7.85%) which is in line with its industry peers.
  • The Return On Equity of BCE-PR-F (27.48%) is worse than 62.96% of its industry peers.
  • The Return On Invested Capital of BCE-PR-F (4.52%) is worse than 70.37% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BCE-PR-F is in line with the industry average of 5.06%.
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-F.CA Yearly ROA, ROE, ROICBCE-PR-F.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • BCE-PR-F's Profit Margin of 25.21% is in line compared to the rest of the industry. BCE-PR-F outperforms 44.44% of its industry peers.
  • BCE-PR-F's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 22.38%, BCE-PR-F is not doing good in the industry: 70.37% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of BCE-PR-F has remained more or less at the same level.
  • BCE-PR-F's Gross Margin of 67.92% is on the low side compared to the rest of the industry. BCE-PR-F is outperformed by 66.67% of its industry peers.
  • In the last couple of years the Gross Margin of BCE-PR-F has remained more or less at the same level.
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-F.CA Yearly Profit, Operating, Gross MarginsBCE-PR-F.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

1

2. BCE-PR-F.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BCE-PR-F is still creating some value.
  • BCE-PR-F has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BCE-PR-F.CA Yearly Shares OutstandingBCE-PR-F.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-F.CA Yearly Total Debt VS Total AssetsBCE-PR-F.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • BCE-PR-F has an Altman-Z score of 0.62. This is a bad value and indicates that BCE-PR-F is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 0.62, BCE-PR-F is doing good in the industry, outperforming 74.07% of the companies in the same industry.
  • The Debt to FCF ratio of BCE-PR-F is 10.36, which is on the high side as it means it would take BCE-PR-F, 10.36 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of BCE-PR-F (10.36) is worse than 70.37% of its industry peers.
  • A Debt/Equity ratio of 1.57 is on the high side and indicates that BCE-PR-F has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.57, BCE-PR-F is not doing good in the industry: 62.96% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.62
ROIC/WACC1
WACC4.5%
BCE-PR-F.CA Yearly LT Debt VS Equity VS FCFBCE-PR-F.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.3 Liquidity

  • BCE-PR-F has a Current Ratio of 0.58. This is a bad value and indicates that BCE-PR-F is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BCE-PR-F has a worse Current ratio (0.58) than 74.07% of its industry peers.
  • BCE-PR-F has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-F is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.55, BCE-PR-F is not doing good in the industry: 74.07% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-F.CA Yearly Current Assets VS Current LiabilitesBCE-PR-F.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2

3. BCE-PR-F.CA Growth Analysis

3.1 Past

  • The earnings per share for BCE-PR-F have decreased by -7.89% in the last year.
  • Measured over the past years, BCE-PR-F shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.57% on average per year.
EPS 1Y (TTM)-7.89%
EPS 3Y-5.8%
EPS 5Y-1.57%
EPS Q2Q%-12.66%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.28%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.39% on average over the next years.
  • Based on estimates for the next years, BCE-PR-F will show a small growth in Revenue. The Revenue will grow by 1.68% on average per year.
EPS Next Y-7.27%
EPS Next 2Y-1.8%
EPS Next 3Y0.01%
EPS Next 5Y5.39%
Revenue Next Year2.27%
Revenue Next 2Y1.8%
Revenue Next 3Y1.53%
Revenue Next 5Y1.68%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
BCE-PR-F.CA Yearly Revenue VS EstimatesBCE-PR-F.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B
BCE-PR-F.CA Yearly EPS VS EstimatesBCE-PR-F.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

4

4. BCE-PR-F.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.23, the valuation of BCE-PR-F can be described as very reasonable.
  • The rest of the industry has a similar Price/Earnings ratio as BCE-PR-F.
  • When comparing the Price/Earnings ratio of BCE-PR-F to the average of the S&P500 Index (26.29), we can say BCE-PR-F is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.87, which indicates a very decent valuation of BCE-PR-F.
  • Based on the Price/Forward Earnings ratio, BCE-PR-F is valued a bit more expensive than 62.96% of the companies in the same industry.
  • BCE-PR-F's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.60.
Industry RankSector Rank
PE 8.23
Fwd PE 8.87
BCE-PR-F.CA Price Earnings VS Forward Price EarningsBCE-PR-F.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BCE-PR-F is valued a bit more expensive than the industry average as 62.96% of the companies are valued more cheaply.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE-PR-F is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 5.43
EV/EBITDA 5.85
BCE-PR-F.CA Per share dataBCE-PR-F.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.8%
EPS Next 3Y0.01%

8

5. BCE-PR-F.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.92%, BCE-PR-F is a good candidate for dividend investing.
  • BCE-PR-F's Dividend Yield is rather good when compared to the industry average which is at 4.21. BCE-PR-F pays more dividend than 81.48% of the companies in the same industry.
  • BCE-PR-F's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.92%

5.2 History

  • The dividend of BCE-PR-F has a limited annual growth rate of 4.82%.
  • BCE-PR-F has paid a dividend for at least 10 years, which is a reliable track record.
  • As BCE-PR-F did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years5
BCE-PR-F.CA Yearly Dividends per shareBCE-PR-F.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • BCE-PR-F pays out 43.52% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • BCE-PR-F's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP43.52%
EPS Next 2Y-1.8%
EPS Next 3Y0.01%
BCE-PR-F.CA Yearly Income VS Free CF VS DividendBCE-PR-F.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
BCE-PR-F.CA Dividend Payout.BCE-PR-F.CA Dividend Payout, showing the Payout Ratio.BCE-PR-F.CA Dividend Payout.PayoutRetained Earnings

BCE-PR-F.CA Fundamentals: All Metrics, Ratios and Statistics

BCE INC - BCECN 5.496 PERP

TSX:BCE-PR-F (3/6/2026, 7:00:00 PM)

23.04

-0.11 (-0.48%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners51.76%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap21.49B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.62
Price Target24.01 (4.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.92%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years0
Div Non Decr Years5
Ex-DateN/A
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)-0.82%
PT rev (3m)-3.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.15%
Valuation
Industry RankSector Rank
PE 8.23
Fwd PE 8.87
P/S 0.88
P/FCF 5.43
P/OCF 2.94
P/B 0.96
P/tB N/A
EV/EBITDA 5.85
EPS(TTM)2.8
EY12.15%
EPS(NY)2.6
Fwd EY11.27%
FCF(TTM)4.24
FCFY18.41%
OCF(TTM)7.83
OCFY34%
SpS26.26
BVpS24.08
TBVpS-8.8
PEG (NY)N/A
PEG (5Y)N/A
Graham Number38.95
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 0.62
F-Score6
WACC4.5%
ROIC/WACC1
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)-7.89%
EPS 3Y-5.8%
EPS 5Y-1.57%
EPS Q2Q%-12.66%
EPS Next Y-7.27%
EPS Next 2Y-1.8%
EPS Next 3Y0.01%
EPS Next 5Y5.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.28%
Revenue Next Year2.27%
Revenue Next 2Y1.8%
Revenue Next 3Y1.53%
Revenue Next 5Y1.68%
EBIT growth 1Y-0.47%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year94.65%
EBIT Next 3Y26.26%
EBIT Next 5Y16.03%
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 5.496 PERP / BCE-PR-F.CA FAQ

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

ChartMill assigns a fundamental rating of 3 / 10 to BCE-PR-F.CA.


Can you provide the valuation status for BCE INC - BCECN 5.496 PERP?

ChartMill assigns a valuation rating of 4 / 10 to BCE INC - BCECN 5.496 PERP (BCE-PR-F.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for BCE INC - BCECN 5.496 PERP?

BCE INC - BCECN 5.496 PERP (BCE-PR-F.CA) has a profitability rating of 3 / 10.


Can you provide the financial health for BCE-PR-F stock?

The financial health rating of BCE INC - BCECN 5.496 PERP (BCE-PR-F.CA) is 1 / 10.


Can you provide the dividend sustainability for BCE-PR-F stock?

The dividend rating of BCE INC - BCECN 5.496 PERP (BCE-PR-F.CA) is 8 / 10 and the dividend payout ratio is 43.52%.