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

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

21 CAD
+0.2 (+0.96%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

3

Overall BCE-PR-J gets a fundamental rating of 3 out of 10. We evaluated BCE-PR-J against 30 industry peers in the Diversified Telecommunication Services industry. While BCE-PR-J is still in line with the averages on profitability rating, there are concerns on its financial health. BCE-PR-J is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • BCE-PR-J had positive earnings in the past year.
  • BCE-PR-J had a positive operating cash flow in the past year.
  • Of the past 5 years BCE-PR-J 4 years were profitable.
  • BCE-PR-J had a positive operating cash flow in 4 of the past 5 years.
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 comparable to the rest of the industry: BCE-PR-J outperforms 56.67% of its industry peers.
  • BCE-PR-J has a Return On Equity (27.48%) which is in line with its industry peers.
  • The Return On Invested Capital of BCE-PR-J (4.52%) is worse than 60.00% 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 Profit Margin value of 25.21%, BCE-PR-J perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
  • BCE-PR-J's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 22.38%, BCE-PR-J perfoms like the industry average, outperforming 43.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BCE-PR-J has remained more or less at the same level.
  • BCE-PR-J has a Gross Margin of 67.92%. This is comparable to the rest of the industry: BCE-PR-J outperforms 46.67% of its industry peers.
  • In the last couple of years the Gross Margin of BCE-PR-J 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-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

  • BCE-PR-J has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • There is no outstanding debt for BCE-PR-J. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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.
  • BCE-PR-J has a Altman-Z score (0.60) which is in line with its industry peers.
  • 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.
  • With a Debt to FCF ratio value of 10.36, BCE-PR-J perfoms like the industry average, outperforming 43.33% 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 (1.57) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.6
ROIC/WACC1.03
WACC4.38%
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.
  • BCE-PR-J has a Current ratio of 0.58. This is in the lower half of the industry: BCE-PR-J underperforms 60.00% of its industry peers.
  • A Quick Ratio of 0.55 indicates that BCE-PR-J may have some problems paying its short term obligations.
  • BCE-PR-J's Quick ratio of 0.55 is on the low side compared to the rest of the industry. BCE-PR-J is outperformed by 60.00% of 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

2

3. Growth

3.1 Past

  • The earnings per share for BCE-PR-J have decreased by -8.54% in the last year.
  • Measured over the past years, BCE-PR-J shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.70% on average per year.
EPS 1Y (TTM)-8.54%
EPS 3Y-6.02%
EPS 5Y-1.7%
EPS Q2Q%-15.12%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.11%

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 3.19% yearly.
  • The Revenue is expected to grow by 2.37% on average over the next years.
EPS Next Y-2.61%
EPS Next 2Y-0.3%
EPS Next 3Y3.57%
EPS Next 5Y3.19%
Revenue Next Year3.04%
Revenue Next 2Y2.14%
Revenue Next 3Y2.36%
Revenue Next 5Y2.37%

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-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

  • BCE-PR-J is valuated cheaply with a Price/Earnings ratio of 7.55.
  • The rest of the industry has a similar Price/Earnings ratio as BCE-PR-J.
  • When comparing the Price/Earnings ratio of BCE-PR-J to the average of the S&P500 Index (27.92), we can say BCE-PR-J is valued rather cheaply.
  • The Price/Forward Earnings ratio is 7.76, which indicates a rather cheap valuation of BCE-PR-J.
  • BCE-PR-J's Price/Forward Earnings ratio is in line with the industry average.
  • 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 7.55
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE-PR-J is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 4.95
EV/EBITDA 5.67
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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.3%
EPS Next 3Y3.57%

6

5. Dividend

5.1 Amount

  • BCE-PR-J has a Yearly Dividend Yield of 5.00%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.39, BCE-PR-J pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, BCE-PR-J pays a better dividend.
Industry RankSector Rank
Dividend Yield 5%

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 2026 0.5 1 1.5

5.3 Sustainability

  • BCE-PR-J pays out 43.52% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • BCE-PR-J's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.52%
EPS Next 2Y-0.3%
EPS Next 3Y3.57%
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

+0.2 (+0.96%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners47.26%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap19.58B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.27
Price Target21.98 (4.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-30
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)-5.31%
PT rev (3m)3.24%
EPS NQ rev (1m)-1.53%
EPS NQ rev (3m)-3.03%
EPS NY rev (1m)0.06%
EPS NY rev (3m)1.67%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)-0.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 7.55
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 5.67
EPS(TTM)2.78
EY13.24%
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 Number38.81
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
WACC4.38%
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)-8.54%
EPS 3Y-6.02%
EPS 5Y-1.7%
EPS Q2Q%-15.12%
EPS Next Y-2.61%
EPS Next 2Y-0.3%
EPS Next 3Y3.57%
EPS Next 5Y3.19%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.11%
Revenue Next Year3.04%
Revenue Next 2Y2.14%
Revenue Next 3Y2.36%
Revenue Next 5Y2.37%
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 7.55 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%.