BCE INC - BCECN 4.3 PERP (BCE-PR-N.CA) Fundamental Analysis & Valuation

TSX:BCE-PR-N • CA05534B6382

21.05 CAD
-0.01 (-0.05%)
Last: Mar 12, 2026, 07:00 PM

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

Fundamental Rating

3

Overall BCE-PR-N gets a fundamental rating of 3 out of 10. We evaluated BCE-PR-N against 27 industry peers in the Diversified Telecommunication Services industry. Both the profitability and financial health of BCE-PR-N have multiple concerns. BCE-PR-N has a valuation in line with the averages, but it does not seem to be growing. BCE-PR-N also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. BCE-PR-N.CA Profitability Analysis

1.1 Basic Checks

  • In the past year BCE-PR-N was profitable.
  • BCE-PR-N had a positive operating cash flow in the past year.
  • BCE-PR-N had positive earnings in 4 of the past 5 years.
  • BCE-PR-N had a positive operating cash flow in 4 of the past 5 years.
BCE-PR-N.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-N.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-N has a Return On Assets (7.85%) which is comparable to the rest of the industry.
  • BCE-PR-N's Return On Equity of 27.48% is in line compared to the rest of the industry. BCE-PR-N outperforms 44.44% of its industry peers.
  • With a Return On Invested Capital value of 4.52%, BCE-PR-N is not doing good in the industry: 62.96% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for BCE-PR-N 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-N.CA Yearly ROA, ROE, ROICBCE-PR-N.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-N has a Profit Margin (25.21%) which is comparable to the rest of the industry.
  • BCE-PR-N's Profit Margin has declined in the last couple of years.
  • The Operating Margin of BCE-PR-N (22.38%) is worse than 62.96% of its industry peers.
  • BCE-PR-N's Operating Margin has been stable in the last couple of years.
  • BCE-PR-N's Gross Margin of 67.92% is in line compared to the rest of the industry. BCE-PR-N outperforms 40.74% of its industry peers.
  • BCE-PR-N'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-N.CA Yearly Profit, Operating, Gross MarginsBCE-PR-N.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-N.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BCE-PR-N is still creating some value.
  • There is no outstanding debt for BCE-PR-N. 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-N.CA Yearly Shares OutstandingBCE-PR-N.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-N.CA Yearly Total Debt VS Total AssetsBCE-PR-N.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

  • Based on the Altman-Z score of 0.60, we must say that BCE-PR-N is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BCE-PR-N (0.60) is better than 66.67% of its industry peers.
  • The Debt to FCF ratio of BCE-PR-N is 10.36, which is on the high side as it means it would take BCE-PR-N, 10.36 years of fcf income to pay off all of its debts.
  • BCE-PR-N has a Debt to FCF ratio of 10.36. This is in the lower half of the industry: BCE-PR-N underperforms 62.96% of its industry peers.
  • BCE-PR-N has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.57, BCE-PR-N is in line with its industry, outperforming 44.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.6
ROIC/WACC1.03
WACC4.38%
BCE-PR-N.CA Yearly LT Debt VS Equity VS FCFBCE-PR-N.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-N may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.58, BCE-PR-N is doing worse than 66.67% of the companies in the same industry.
  • BCE-PR-N has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-N is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of BCE-PR-N (0.55) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-N.CA Yearly Current Assets VS Current LiabilitesBCE-PR-N.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-N.CA Growth Analysis

3.1 Past

  • The earnings per share for BCE-PR-N have decreased by -7.89% in the last year.
  • BCE-PR-N shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.57% yearly.
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

  • BCE-PR-N is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.39% yearly.
  • Based on estimates for the next years, BCE-PR-N 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-N.CA Yearly Revenue VS EstimatesBCE-PR-N.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-N.CA Yearly EPS VS EstimatesBCE-PR-N.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-N.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • BCE-PR-N is valuated cheaply with a Price/Earnings ratio of 7.52.
  • The rest of the industry has a similar Price/Earnings ratio as BCE-PR-N.
  • When comparing the Price/Earnings ratio of BCE-PR-N to the average of the S&P500 Index (25.70), we can say BCE-PR-N is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 8.11, the valuation of BCE-PR-N can be described as reasonable.
  • BCE-PR-N's Price/Forward Earnings is on the same level as the industry average.
  • BCE-PR-N's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 7.52
Fwd PE 8.11
BCE-PR-N.CA Price Earnings VS Forward Price EarningsBCE-PR-N.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-N's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE-PR-N is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 4.96
EV/EBITDA 5.67
BCE-PR-N.CA Per share dataBCE-PR-N.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%

7

5. BCE-PR-N.CA Dividend Analysis

5.1 Amount

  • BCE-PR-N has a Yearly Dividend Yield of 4.92%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.21, BCE-PR-N pays a bit more dividend than its industry peers.
  • BCE-PR-N'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-N has a limited annual growth rate of 4.82%.
  • BCE-PR-N has been paying a dividend for at least 10 years, so it has a reliable track record.
  • BCE-PR-N has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.82%
Div Incr Years3
Div Non Decr Years3
BCE-PR-N.CA Yearly Dividends per shareBCE-PR-N.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

  • 43.52% of the earnings are spent on dividend by BCE-PR-N. This is a bit on the high side, but may be sustainable.
  • BCE-PR-N'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-N.CA Yearly Income VS Free CF VS DividendBCE-PR-N.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-N.CA Dividend Payout.BCE-PR-N.CA Dividend Payout, showing the Payout Ratio.BCE-PR-N.CA Dividend Payout.PayoutRetained Earnings

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

BCE INC - BCECN 4.3 PERP

TSX:BCE-PR-N (3/12/2026, 7:00:00 PM)

21.05

-0.01 (-0.05%)

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 Cap19.63B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.62
Price Target23.23 (10.36%)
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 Years3
Div Non Decr Years3
Ex-Date02-27
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)5.01%
PT rev (3m)-1.79%
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 7.52
Fwd PE 8.11
P/S 0.8
P/FCF 4.96
P/OCF 2.69
P/B 0.87
P/tB N/A
EV/EBITDA 5.67
EPS(TTM)2.8
EY13.3%
EPS(NY)2.6
Fwd EY12.33%
FCF(TTM)4.24
FCFY20.15%
OCF(TTM)7.83
OCFY37.21%
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 0.6
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)-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 4.3 PERP / BCE-PR-N.CA FAQ

Can you provide the ChartMill fundamental rating for BCE INC - BCECN 4.3 PERP?

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


What is the valuation status of BCE INC - BCECN 4.3 PERP (BCE-PR-N.CA) stock?

ChartMill assigns a valuation rating of 4 / 10 to BCE INC - BCECN 4.3 PERP (BCE-PR-N.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for BCE INC - BCECN 4.3 PERP?

BCE INC - BCECN 4.3 PERP (BCE-PR-N.CA) has a profitability rating of 3 / 10.


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

The Price/Earnings (PE) ratio for BCE INC - BCECN 4.3 PERP (BCE-PR-N.CA) is 7.52 and the Price/Book (PB) ratio is 0.87.


What is the financial health of BCE INC - BCECN 4.3 PERP (BCE-PR-N.CA) stock?

The financial health rating of BCE INC - BCECN 4.3 PERP (BCE-PR-N.CA) is 1 / 10.