BCE INC - BCECN 5.496 PERP (BCE-PR-F.CA) Stock Fundamental Analysis
TSX:BCE-PR-F - Toronto Stock Exchange - CA05534B7455 - Currency: CAD
BCE-PR-F gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 30 industry peers in the Diversified Telecommunication Services industry. BCE-PR-F may be in some trouble as it scores bad on both profitability and health. BCE-PR-F has a expensive valuation and it also scores bad on growth. Finally BCE-PR-F also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
BCE-PR-F had positive earnings in the past year.
In the past year BCE-PR-F had a positive cash flow from operations.
BCE-PR-F had positive earnings in each of the past 5 years.
BCE-PR-F had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BCE-PR-F's Return On Assets of 0.22% is on the low side compared to the rest of the industry. BCE-PR-F is outperformed by 76.67% of its industry peers.
BCE-PR-F has a worse Return On Equity (0.95%) than 76.67% of its industry peers.
BCE-PR-F has a worse Return On Invested Capital (5.18%) than 73.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BCE-PR-F is in line with the industry average of 5.52%.
The 3 year average ROIC (4.90%) for BCE-PR-F is below the current ROIC(5.18%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.22% | ||
| ROE | 0.95% | ||
| ROIC | 5.18% |
ROA(3y)2.34%
ROA(5y)3.04%
ROE(3y)7.82%
ROE(5y)9.47%
ROIC(3y)4.9%
ROIC(5y)4.97%
1.3 Margins
BCE-PR-F has a worse Profit Margin (0.67%) than 76.67% of its industry peers.
In the last couple of years the Profit Margin of BCE-PR-F has declined.
With a Operating Margin value of 22.73%, BCE-PR-F is not doing good in the industry: 76.67% 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.
With a Gross Margin value of 68.43%, BCE-PR-F is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
BCE-PR-F's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.73% | ||
| PM (TTM) | 0.67% | ||
| GM | 68.43% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE-PR-F is creating some value.
Compared to 1 year ago, BCE-PR-F has about the same amount of shares outstanding.
Compared to 5 years ago, BCE-PR-F has more shares outstanding
BCE-PR-F has a worse debt/assets ratio than last year.
2.2 Solvency
BCE-PR-F has an Altman-Z score of 0.50. This is a bad value and indicates that BCE-PR-F is not financially healthy and even has some risk of bankruptcy.
BCE-PR-F has a Altman-Z score of 0.50. This is in the better half of the industry: BCE-PR-F outperforms 73.33% of its industry peers.
BCE-PR-F has a debt to FCF ratio of 14.54. This is a negative value and a sign of low solvency as BCE-PR-F would need 14.54 years to pay back of all of its debts.
BCE-PR-F's Debt to FCF ratio of 14.54 is on the low side compared to the rest of the industry. BCE-PR-F is outperformed by 66.67% of its industry peers.
BCE-PR-F has a Debt/Equity ratio of 1.92. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BCE-PR-F (1.92) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | 14.54 | ||
| Altman-Z | 0.5 |
ROIC/WACC1.27
WACC4.08%
2.3 Liquidity
A Current Ratio of 0.60 indicates that BCE-PR-F may have some problems paying its short term obligations.
The Current ratio of BCE-PR-F (0.60) is worse than 76.67% of its industry peers.
A Quick Ratio of 0.57 indicates that BCE-PR-F may have some problems paying its short term obligations.
BCE-PR-F's Quick ratio of 0.57 is on the low side compared to the rest of the industry. BCE-PR-F is outperformed by 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
BCE-PR-F shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.30%.
BCE-PR-F shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.78% yearly.
The Revenue has decreased by -1.07% in the past year.
BCE-PR-F shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.51% yearly.
EPS 1Y (TTM)-5.3%
EPS 3Y-1.59%
EPS 5Y-2.78%
EPS Q2Q%3.95%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y1.35%
Revenue growth 5Y0.51%
Sales Q2Q%-0.79%
3.2 Future
The Earnings Per Share is expected to grow by 6.71% on average over the next years.
BCE-PR-F is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.25% yearly.
EPS Next Y-8.98%
EPS Next 2Y-5.7%
EPS Next 3Y-2.78%
EPS Next 5Y6.71%
Revenue Next Year0.24%
Revenue Next 2Y1.35%
Revenue Next 3Y1.06%
Revenue Next 5Y2.25%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 5.99, which indicates a rather cheap valuation of BCE-PR-F.
60.00% of the companies in the same industry are cheaper than BCE-PR-F, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BCE-PR-F to the average of the S&P500 Index (28.79), we can say BCE-PR-F is valued rather cheaply.
BCE-PR-F is valuated cheaply with a Price/Forward Earnings ratio of 6.58.
BCE-PR-F's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BCE-PR-F is more expensive than 63.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.38. BCE-PR-F is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.99 | ||
| Fwd PE | 6.58 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BCE-PR-F indicates a slightly more expensive valuation: BCE-PR-F is more expensive than 63.33% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE-PR-F indicates a slightly more expensive valuation: BCE-PR-F is more expensive than 63.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.02 | ||
| EV/EBITDA | 5.19 |
4.3 Compensation for Growth
BCE-PR-F's earnings are expected to decrease with -2.78% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.7%
EPS Next 3Y-2.78%
5. Dividend
5.1 Amount
BCE-PR-F has a Yearly Dividend Yield of 13.09%, which is a nice return.
BCE-PR-F's Dividend Yield is rather good when compared to the industry average which is at 11.62. BCE-PR-F pays more dividend than 93.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.51, BCE-PR-F pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.09% |
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.
BCE-PR-F has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
2331.29% of the earnings are spent on dividend by BCE-PR-F. This is not a sustainable payout ratio.
BCE-PR-F's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP2331.29%
EPS Next 2Y-5.7%
EPS Next 3Y-2.78%
TSX:BCE-PR-F (4/25/2025, 7:00:00 PM)
18.2
-0.01 (-0.05%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners43.19%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap16.78B
Analysts50.91
Price Target20.39 (12.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.09% |
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP2331.29%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.75%
Min EPS beat(2)-3.58%
Max EPS beat(2)9.09%
EPS beat(4)2
Avg EPS beat(4)1.8%
Min EPS beat(4)-3.58%
Max EPS beat(4)9.09%
EPS beat(8)4
Avg EPS beat(8)1.97%
EPS beat(12)7
Avg EPS beat(12)2.4%
EPS beat(16)10
Avg EPS beat(16)2.68%
Revenue beat(2)1
Avg Revenue beat(2)-0.91%
Min Revenue beat(2)-1.99%
Max Revenue beat(2)0.17%
Revenue beat(4)1
Avg Revenue beat(4)-1.32%
Min Revenue beat(4)-1.99%
Max Revenue beat(4)0.17%
Revenue beat(8)2
Avg Revenue beat(8)-1.12%
Revenue beat(12)2
Avg Revenue beat(12)-1.01%
Revenue beat(16)3
Avg Revenue beat(16)-1.04%
PT rev (1m)-1.08%
PT rev (3m)1.6%
EPS NQ rev (1m)-2.34%
EPS NQ rev (3m)-5.3%
EPS NY rev (1m)-0.42%
EPS NY rev (3m)-4.08%
Revenue NQ rev (1m)-0.38%
Revenue NQ rev (3m)-1.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.99 | ||
| Fwd PE | 6.58 | ||
| P/S | 0.69 | ||
| P/FCF | 6.02 | ||
| P/OCF | 2.33 | ||
| P/B | 0.98 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.19 |
EPS(TTM)3.04
EY16.7%
EPS(NY)2.77
Fwd EY15.2%
FCF(TTM)3.02
FCFY16.6%
OCF(TTM)7.82
OCFY42.99%
SpS26.48
BVpS18.52
TBVpS-10.82
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.22% | ||
| ROE | 0.95% | ||
| ROCE | 9.46% | ||
| ROIC | 5.18% | ||
| ROICexc | 5.36% | ||
| ROICexgc | 10.25% | ||
| OM | 22.73% | ||
| PM (TTM) | 0.67% | ||
| GM | 68.43% | ||
| FCFM | 11.41% |
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%
ROICexcg growth 3Y1.14%
ROICexcg 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-Score5
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | 14.54 | ||
| Debt/EBITDA | 3.1 | ||
| Cap/Depr | 87.84% | ||
| Cap/Sales | 18.14% | ||
| Interest Coverage | 3.15 | ||
| Cash Conversion | 68.12% | ||
| Profit Quality | 1708.59% | ||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.57 | ||
| Altman-Z | 0.5 |
F-Score5
WACC4.08%
ROIC/WACC1.27
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)-5.3%
EPS 3Y-1.59%
EPS 5Y-2.78%
EPS Q2Q%3.95%
EPS Next Y-8.98%
EPS Next 2Y-5.7%
EPS Next 3Y-2.78%
EPS Next 5Y6.71%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y1.35%
Revenue growth 5Y0.51%
Sales Q2Q%-0.79%
Revenue Next Year0.24%
Revenue Next 2Y1.35%
Revenue Next 3Y1.06%
Revenue Next 5Y2.25%
EBIT growth 1Y0.89%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year92.66%
EBIT Next 3Y25.9%
EBIT Next 5Y16.03%
FCF growth 1Y-7.38%
FCF growth 3Y-4.23%
FCF growth 5Y-6.84%
OCF growth 1Y-7.18%
OCF growth 3Y-3.43%
OCF growth 5Y-1.95%