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

Canada • Toronto Stock Exchange • TSX:BCE-PR-H • CA05534B7299

20.93 CAD
-0.07 (-0.33%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

4

BCE-PR-H gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Diversified Telecommunication Services industry. While BCE-PR-H is still in line with the averages on profitability rating, there are concerns on its financial health. BCE-PR-H is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • BCE-PR-H had positive earnings in the past year.
  • BCE-PR-H had a positive operating cash flow in the past year.
  • Each year in the past 5 years BCE-PR-H has been profitable.
  • In the past 5 years BCE-PR-H always reported a positive cash flow from operatings.
BCE-PR-H.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-H.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-H's Return On Assets of 7.85% is fine compared to the rest of the industry. BCE-PR-H outperforms 63.33% of its industry peers.
  • Looking at the Return On Equity, with a value of 27.48%, BCE-PR-H is in line with its industry, outperforming 56.67% of the companies in the same industry.
  • BCE-PR-H's Return On Invested Capital of 4.52% is in line compared to the rest of the industry. BCE-PR-H outperforms 46.67% of its industry peers.
  • BCE-PR-H had an Average Return On Invested Capital over the past 3 years of 4.90%. This is in line with the industry average of 5.00%.
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-H.CA Yearly ROA, ROE, ROICBCE-PR-H.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 25.21%, BCE-PR-H is doing good in the industry, outperforming 63.33% of the companies in the same industry.
  • BCE-PR-H's Profit Margin has declined in the last couple of years.
  • BCE-PR-H's Operating Margin of 22.38% is in line compared to the rest of the industry. BCE-PR-H outperforms 50.00% of its industry peers.
  • BCE-PR-H's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 67.92%, BCE-PR-H perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
  • BCE-PR-H'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-H.CA Yearly Profit, Operating, Gross MarginsBCE-PR-H.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE-PR-H is creating some value.
  • Compared to 1 year ago, BCE-PR-H has about the same amount of shares outstanding.
  • The number of shares outstanding for BCE-PR-H has been increased compared to 5 years ago.
  • BCE-PR-H has a worse debt/assets ratio than last year.
BCE-PR-H.CA Yearly Shares OutstandingBCE-PR-H.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-H.CA Yearly Total Debt VS Total AssetsBCE-PR-H.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-H has an Altman-Z score of 0.60. This is a bad value and indicates that BCE-PR-H is not financially healthy and even has some risk of bankruptcy.
  • BCE-PR-H has a Altman-Z score (0.60) which is comparable to the rest of the industry.
  • BCE-PR-H has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE-PR-H would need 10.36 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 10.36, BCE-PR-H perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • A Debt/Equity ratio of 1.57 is on the high side and indicates that BCE-PR-H has dependencies on debt financing.
  • BCE-PR-H has a Debt to Equity ratio of 1.57. This is comparable to the rest of the industry: BCE-PR-H outperforms 56.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.6
ROIC/WACC1.03
WACC4.37%
BCE-PR-H.CA Yearly LT Debt VS Equity VS FCFBCE-PR-H.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

  • A Current Ratio of 0.58 indicates that BCE-PR-H may have some problems paying its short term obligations.
  • BCE-PR-H's Current ratio of 0.58 is in line compared to the rest of the industry. BCE-PR-H outperforms 46.67% of its industry peers.
  • A Quick Ratio of 0.55 indicates that BCE-PR-H may have some problems paying its short term obligations.
  • BCE-PR-H has a Quick ratio of 0.55. This is comparable to the rest of the industry: BCE-PR-H outperforms 46.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-H.CA Yearly Current Assets VS Current LiabilitesBCE-PR-H.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

4

3. Growth

3.1 Past

  • The earnings per share for BCE-PR-H have decreased by -3.65% in the last year.
  • Measured over the past years, BCE-PR-H shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.78% on average per year.
  • BCE-PR-H shows a small growth in Revenue. In the last year, the Revenue has grown by 0.11%.
  • BCE-PR-H shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.51% yearly.
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

  • BCE-PR-H is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.73% yearly.
  • BCE-PR-H is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.65% yearly.
EPS Next Y-9.1%
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%
EPS Next 5Y0.73%
Revenue Next Year1.43%
Revenue Next 2Y2.23%
Revenue Next 3Y1.9%
Revenue Next 5Y1.65%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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-H.CA Yearly Revenue VS EstimatesBCE-PR-H.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-H.CA Yearly EPS VS EstimatesBCE-PR-H.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.22, the valuation of BCE-PR-H can be described as very cheap.
  • 63.33% of the companies in the same industry are more expensive than BCE-PR-H, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of BCE-PR-H to the average of the S&P500 Index (28.41), we can say BCE-PR-H is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 7.73, the valuation of BCE-PR-H can be described as very cheap.
  • BCE-PR-H's Price/Forward Earnings ratio is in line with the industry average.
  • BCE-PR-H's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.64.
Industry RankSector Rank
PE 7.22
Fwd PE 7.73
BCE-PR-H.CA Price Earnings VS Forward Price EarningsBCE-PR-H.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • BCE-PR-H's Enterprise Value to EBITDA is on the same level as the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as BCE-PR-H.
Industry RankSector Rank
P/FCF 4.93
EV/EBITDA 5.66
BCE-PR-H.CA Per share dataBCE-PR-H.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • BCE-PR-H's earnings are expected to decrease with -3.12% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%

5

5. Dividend

5.1 Amount

  • BCE-PR-H has a Yearly Dividend Yield of 5.09%, which is a nice return.
  • BCE-PR-H's Dividend Yield is comparable with the industry average which is at 4.45.
  • BCE-PR-H's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 5.09%

5.2 History

  • The dividend of BCE-PR-H has a limited annual growth rate of 4.82%.
  • BCE-PR-H has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years0
BCE-PR-H.CA Yearly Dividends per shareBCE-PR-H.CA Yearly Dividends per shareYearly Dividends per share 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-H. This is a bit on the high side, but may be sustainable.
  • The dividend of BCE-PR-H is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.52%
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%
BCE-PR-H.CA Yearly Income VS Free CF VS DividendBCE-PR-H.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-H.CA Dividend Payout.BCE-PR-H.CA Dividend Payout, showing the Payout Ratio.BCE-PR-H.CA Dividend Payout.PayoutRetained Earnings

BCE INC - BCECN 4.45 PERP

TSX:BCE-PR-H (2/2/2026, 7:00:00 PM)

20.93

-0.07 (-0.33%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-06
Earnings (Next)02-05
Inst Owners47.26%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap19.52B
Revenue(TTM)24.49B
Net Income(TTM)6.17B
Analysts67.27
Price Target23.61 (12.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.09%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years0
Div Non Decr Years0
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%
PT rev (3m)14.81%
EPS NQ rev (1m)-1.34%
EPS NQ rev (3m)-2.69%
EPS NY rev (1m)0.06%
EPS NY rev (3m)1.68%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 7.22
Fwd PE 7.73
P/S 0.8
P/FCF 4.93
P/OCF 2.67
P/B 0.87
P/tB N/A
EV/EBITDA 5.66
EPS(TTM)2.9
EY13.86%
EPS(NY)2.71
Fwd EY12.94%
FCF(TTM)4.24
FCFY20.26%
OCF(TTM)7.83
OCFY37.42%
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 0.6
F-Score6
WACC4.37%
ROIC/WACC1.03
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-9.1%
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%
EPS Next 5Y0.73%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y1.35%
Revenue growth 5Y0.51%
Sales Q2Q%1.31%
Revenue Next Year1.43%
Revenue Next 2Y2.23%
Revenue Next 3Y1.9%
Revenue Next 5Y1.65%
EBIT growth 1Y-0.47%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year94.99%
EBIT Next 3Y26.65%
EBIT Next 5Y16.09%
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-H.CA FAQ

What is the ChartMill fundamental rating of BCE INC - BCECN 4.45 PERP (BCE-PR-H.CA) stock?

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


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

ChartMill assigns a valuation rating of 5 / 10 to BCE INC - BCECN 4.45 PERP (BCE-PR-H.CA). This can be considered as Fairly Valued.


How profitable is BCE INC - BCECN 4.45 PERP (BCE-PR-H.CA) stock?

BCE INC - BCECN 4.45 PERP (BCE-PR-H.CA) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for BCE-PR-H stock?

The Price/Earnings (PE) ratio for BCE INC - BCECN 4.45 PERP (BCE-PR-H.CA) is 7.22 and the Price/Book (PB) ratio is 0.87.


Is the dividend of BCE INC - BCECN 4.45 PERP sustainable?

The dividend rating of BCE INC - BCECN 4.45 PERP (BCE-PR-H.CA) is 6 / 10 and the dividend payout ratio is 43.52%.