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

Canada • Toronto Stock Exchange • TSX:BCE-PR-J • CA05534B6531

21 CAD
0 (0%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BCE-PR-J. BCE-PR-J was compared to 30 industry peers in the Diversified Telecommunication Services industry. There are concerns on the financial health of BCE-PR-J while its profitability can be described as average. BCE-PR-J has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year BCE-PR-J was profitable.
  • In the past year BCE-PR-J had a positive cash flow from operations.
  • In the past 5 years BCE-PR-J has always been profitable.
  • Each year in the past 5 years BCE-PR-J had a positive operating cash flow.
BCE-PR-J.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-J.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-J has a Return On Assets of 7.85%. This is in the better half of the industry: BCE-PR-J outperforms 66.67% of its industry peers.
  • BCE-PR-J's Return On Equity of 27.48% is in line compared to the rest of the industry. BCE-PR-J outperforms 60.00% of its industry peers.
  • BCE-PR-J has a Return On Invested Capital of 4.52%. This is comparable to the rest of the industry: BCE-PR-J outperforms 50.00% of its industry peers.
  • BCE-PR-J 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-J.CA Yearly ROA, ROE, ROICBCE-PR-J.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-J is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BCE-PR-J has declined.
  • Looking at the Operating Margin, with a value of 22.38%, BCE-PR-J is in line with its industry, outperforming 53.33% of the companies in the same industry.
  • BCE-PR-J's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 67.92%, BCE-PR-J is in line with its industry, outperforming 56.67% of the companies in the same industry.
  • BCE-PR-J'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-J.CA Yearly Profit, Operating, Gross MarginsBCE-PR-J.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-J is creating some value.
  • BCE-PR-J has about the same amout of shares outstanding than it did 1 year ago.
  • BCE-PR-J has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BCE-PR-J has a worse debt to assets ratio.
BCE-PR-J.CA Yearly Shares OutstandingBCE-PR-J.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-J.CA Yearly Total Debt VS Total AssetsBCE-PR-J.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-J has an Altman-Z score of 0.60. This is a bad value and indicates that BCE-PR-J is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.60, BCE-PR-J is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • The Debt to FCF ratio of BCE-PR-J is 10.36, which is on the high side as it means it would take BCE-PR-J, 10.36 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 10.36, BCE-PR-J is in line with its industry, outperforming 53.33% of the companies in the same industry.
  • A Debt/Equity ratio of 1.57 is on the high side and indicates that BCE-PR-J has dependencies on debt financing.
  • BCE-PR-J has a Debt to Equity ratio of 1.57. This is comparable to the rest of the industry: BCE-PR-J outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.6
ROIC/WACC1.04
WACC4.36%
BCE-PR-J.CA Yearly LT Debt VS Equity VS FCFBCE-PR-J.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-J has a Current Ratio of 0.58. This is a bad value and indicates that BCE-PR-J is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.58, BCE-PR-J is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • BCE-PR-J has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-J is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BCE-PR-J has a Quick ratio (0.55) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-J.CA Yearly Current Assets VS Current LiabilitesBCE-PR-J.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

  • BCE-PR-J shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.65%.
  • BCE-PR-J shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.78% yearly.
  • The Revenue has been growing slightly by 0.11% in the past year.
  • BCE-PR-J 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-J 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-J 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-J.CA Yearly Revenue VS EstimatesBCE-PR-J.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-J.CA Yearly EPS VS EstimatesBCE-PR-J.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

  • Based on the Price/Earnings ratio of 7.24, the valuation of BCE-PR-J can be described as very cheap.
  • Based on the Price/Earnings ratio, BCE-PR-J is valued a bit cheaper than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.92. BCE-PR-J is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 7.76, the valuation of BCE-PR-J can be described as very cheap.
  • The rest of the industry has a similar Price/Forward Earnings ratio as BCE-PR-J.
  • When comparing the Price/Forward Earnings ratio of BCE-PR-J to the average of the S&P500 Index (27.78), we can say BCE-PR-J is valued rather cheaply.
Industry RankSector Rank
PE 7.24
Fwd PE 7.76
BCE-PR-J.CA Price Earnings VS Forward Price EarningsBCE-PR-J.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BCE-PR-J is on the same level as its industry peers.
  • BCE-PR-J's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BCE-PR-J is cheaper than 63.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.95
EV/EBITDA 5.65
BCE-PR-J.CA Per share dataBCE-PR-J.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • BCE-PR-J'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-J has a Yearly Dividend Yield of 5.09%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.45, BCE-PR-J has a dividend in line with its industry peers.
  • BCE-PR-J'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-J has a limited annual growth rate of 4.82%.
  • BCE-PR-J 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-J.CA Yearly Dividends per shareBCE-PR-J.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-J. This is a bit on the high side, but may be sustainable.
  • The dividend of BCE-PR-J 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-J.CA Yearly Income VS Free CF VS DividendBCE-PR-J.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-J.CA Dividend Payout.BCE-PR-J.CA Dividend Payout, showing the Payout Ratio.BCE-PR-J.CA Dividend Payout.PayoutRetained Earnings

BCE INC - BCECN 4.45 PERP

TSX:BCE-PR-J (2/6/2026, 7:00:00 PM)

21

0 (0%)

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 Cap19.58B
Revenue(TTM)24.49B
Net Income(TTM)6.17B
Analysts67.27
Price Target23.21 (10.52%)
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)9.04%
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)-0.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 7.24
Fwd PE 7.76
P/S 0.8
P/FCF 4.95
P/OCF 2.68
P/B 0.87
P/tB N/A
EV/EBITDA 5.65
EPS(TTM)2.9
EY13.81%
EPS(NY)2.71
Fwd EY12.89%
FCF(TTM)4.24
FCFY20.2%
OCF(TTM)7.83
OCFY37.3%
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
WACC4.36%
ROIC/WACC1.04
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-J.CA FAQ

Can you provide the ChartMill fundamental rating for BCE INC - BCECN 4.45 PERP?

ChartMill assigns a fundamental rating of 4 / 10 to BCE-PR-J.CA.


Can you provide the valuation status for BCE INC - BCECN 4.45 PERP?

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


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

BCE INC - BCECN 4.45 PERP (BCE-PR-J.CA) has a profitability rating of 5 / 10.


What are the PE and PB ratios of BCE INC - BCECN 4.45 PERP (BCE-PR-J.CA) stock?

The Price/Earnings (PE) ratio for BCE INC - BCECN 4.45 PERP (BCE-PR-J.CA) is 7.24 and the Price/Book (PB) ratio is 0.87.


How sustainable is the dividend of BCE INC - BCECN 4.45 PERP (BCE-PR-J.CA) stock?

The dividend rating of BCE INC - BCECN 4.45 PERP (BCE-PR-J.CA) is 5 / 10 and the dividend payout ratio is 43.52%.