BCE INC - BCECN 6.538 PERP (BCE-PR-Q.CA) Fundamental Analysis & Valuation

TSX:BCE-PR-Q • CA05534B5962

25.13 CAD
+0.13 (+0.52%)
Last: Mar 10, 2026, 07:00 PM

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

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BCE-PR-Q. BCE-PR-Q was compared to 27 industry peers in the Diversified Telecommunication Services industry. BCE-PR-Q has a bad profitability rating. Also its financial health evaluation is rather negative. BCE-PR-Q has a expensive valuation and it also scores bad on growth. Finally BCE-PR-Q also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. BCE-PR-Q.CA Profitability Analysis

1.1 Basic Checks

  • BCE-PR-Q had positive earnings in the past year.
  • BCE-PR-Q had a positive operating cash flow in the past year.
  • BCE-PR-Q had positive earnings in 4 of the past 5 years.
  • BCE-PR-Q had a positive operating cash flow in 4 of the past 5 years.
BCE-PR-Q.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-Q.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

  • The Return On Assets of BCE-PR-Q (7.85%) is comparable to the rest of the industry.
  • BCE-PR-Q has a worse Return On Equity (27.48%) than 66.67% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.52%, BCE-PR-Q is doing worse than 74.07% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BCE-PR-Q 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-Q.CA Yearly ROA, ROE, ROICBCE-PR-Q.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-Q has a Profit Margin (25.21%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of BCE-PR-Q has declined.
  • The Operating Margin of BCE-PR-Q (22.38%) is worse than 74.07% of its industry peers.
  • BCE-PR-Q's Operating Margin has been stable in the last couple of years.
  • BCE-PR-Q has a worse Gross Margin (67.92%) than 70.37% of its industry peers.
  • BCE-PR-Q'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-Q.CA Yearly Profit, Operating, Gross MarginsBCE-PR-Q.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-Q.CA Health Analysis

2.1 Basic Checks

  • BCE-PR-Q 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-Q. 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-Q.CA Yearly Shares OutstandingBCE-PR-Q.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-Q.CA Yearly Total Debt VS Total AssetsBCE-PR-Q.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 0.64, we must say that BCE-PR-Q is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BCE-PR-Q (0.64) is better than 77.78% of its industry peers.
  • BCE-PR-Q has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE-PR-Q would need 10.36 years to pay back of all of its debts.
  • BCE-PR-Q's Debt to FCF ratio of 10.36 is on the low side compared to the rest of the industry. BCE-PR-Q is outperformed by 74.07% of its industry peers.
  • BCE-PR-Q 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-Q is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.64
ROIC/WACC0.98
WACC4.61%
BCE-PR-Q.CA Yearly LT Debt VS Equity VS FCFBCE-PR-Q.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-Q may have some problems paying its short term obligations.
  • With a Current ratio value of 0.58, BCE-PR-Q is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
  • BCE-PR-Q has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-Q is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of BCE-PR-Q (0.55) is worse than 77.78% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-Q.CA Yearly Current Assets VS Current LiabilitesBCE-PR-Q.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-Q.CA Growth Analysis

3.1 Past

  • The earnings per share for BCE-PR-Q have decreased by -7.89% in the last year.
  • BCE-PR-Q 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

  • The Earnings Per Share is expected to grow by 5.39% on average over the next years.
  • The Revenue is expected to grow by 1.68% on average over the next years.
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-Q.CA Yearly Revenue VS EstimatesBCE-PR-Q.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-Q.CA Yearly EPS VS EstimatesBCE-PR-Q.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

3

4. BCE-PR-Q.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • BCE-PR-Q is valuated reasonably with a Price/Earnings ratio of 8.97.
  • Compared to the rest of the industry, the Price/Earnings ratio of BCE-PR-Q indicates a slightly more expensive valuation: BCE-PR-Q is more expensive than 62.96% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.25. BCE-PR-Q is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 9.68, which indicates a very decent valuation of BCE-PR-Q.
  • Based on the Price/Forward Earnings ratio, BCE-PR-Q is valued a bit more expensive than 66.67% of the companies in the same industry.
  • BCE-PR-Q is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.39, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.98
Fwd PE 9.68
BCE-PR-Q.CA Price Earnings VS Forward Price EarningsBCE-PR-Q.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BCE-PR-Q is valued a bit more expensive than 66.67% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE-PR-Q indicates a slightly more expensive valuation: BCE-PR-Q is more expensive than 62.96% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.93
EV/EBITDA 6.02
BCE-PR-Q.CA Per share dataBCE-PR-Q.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%

8

5. BCE-PR-Q.CA Dividend Analysis

5.1 Amount

  • BCE-PR-Q 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-Q pays a better dividend. On top of this BCE-PR-Q pays more dividend than 85.19% of the companies listed in the same industry.
  • BCE-PR-Q'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-Q has a limited annual growth rate of 4.82%.
  • BCE-PR-Q has been paying a dividend for at least 10 years, so it has a reliable track record.
  • BCE-PR-Q has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.82%
Div Incr Years2
Div Non Decr Years10
BCE-PR-Q.CA Yearly Dividends per shareBCE-PR-Q.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-Q. This is a bit on the high side, but may be sustainable.
  • BCE-PR-Q'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-Q.CA Yearly Income VS Free CF VS DividendBCE-PR-Q.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-Q.CA Dividend Payout.BCE-PR-Q.CA Dividend Payout, showing the Payout Ratio.BCE-PR-Q.CA Dividend Payout.PayoutRetained Earnings

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

BCE INC - BCECN 6.538 PERP

TSX:BCE-PR-Q (3/10/2026, 7:00:00 PM)

25.13

+0.13 (+0.52%)

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 Cap23.43B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.62
Price Target26.73 (6.37%)
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 Years2
Div Non Decr Years10
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)0.07%
PT rev (3m)-9.35%
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 8.98
Fwd PE 9.68
P/S 0.96
P/FCF 5.93
P/OCF 3.21
P/B 1.04
P/tB N/A
EV/EBITDA 6.02
EPS(TTM)2.8
EY11.14%
EPS(NY)2.6
Fwd EY10.33%
FCF(TTM)4.24
FCFY16.88%
OCF(TTM)7.83
OCFY31.17%
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 0.64
F-Score6
WACC4.61%
ROIC/WACC0.98
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 6.538 PERP / BCE-PR-Q.CA FAQ

What is the ChartMill fundamental rating of BCE INC - BCECN 6.538 PERP (BCE-PR-Q.CA) stock?

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


Can you provide the valuation status for BCE INC - BCECN 6.538 PERP?

ChartMill assigns a valuation rating of 3 / 10 to BCE INC - BCECN 6.538 PERP (BCE-PR-Q.CA). This can be considered as Overvalued.


Can you provide the profitability details for BCE INC - BCECN 6.538 PERP?

BCE INC - BCECN 6.538 PERP (BCE-PR-Q.CA) has a profitability rating of 3 / 10.


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

The Price/Earnings (PE) ratio for BCE INC - BCECN 6.538 PERP (BCE-PR-Q.CA) is 8.98 and the Price/Book (PB) ratio is 1.04.


What is the earnings growth outlook for BCE INC - BCECN 6.538 PERP?

The Earnings per Share (EPS) of BCE INC - BCECN 6.538 PERP (BCE-PR-Q.CA) is expected to decline by -7.27% in the next year.