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

Canada - Toronto Stock Exchange - TSX:BCE-PR-Q - CA05534B5962

25.46 CAD
+0.04 (+0.16%)
Last: 1/8/2026, 7:00:00 PM
Fundamental Rating

3

Taking everything into account, BCE-PR-Q scores 3 out of 10 in our fundamental rating. BCE-PR-Q was compared to 30 industry peers in the Diversified Telecommunication Services industry. BCE-PR-Q may be in some trouble as it scores bad on both profitability and health. BCE-PR-Q is quite expensive at the moment. It does show a decent growth rate. Finally BCE-PR-Q also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

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 each of the past 5 years.
Each year in the past 5 years BCE-PR-Q had a positive operating cash flow.
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

With a Return On Assets value of 7.85%, BCE-PR-Q is not doing good in the industry: 63.33% of the companies in the same industry are doing better.
BCE-PR-Q has a Return On Equity of 27.48%. This is in the lower half of the industry: BCE-PR-Q underperforms 70.00% of its industry peers.
BCE-PR-Q has a worse Return On Invested Capital (4.52%) than 80.00% of its industry peers.
BCE-PR-Q had an Average Return On Invested Capital over the past 3 years of 4.90%. This is in line with the industry average of 5.01%.
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 of 25.21%. This is in the lower half of the industry: BCE-PR-Q underperforms 63.33% of 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 76.67% of its industry peers.
BCE-PR-Q's Operating Margin has been stable in the last couple of years.
BCE-PR-Q has a Gross Margin of 67.92%. This is in the lower half of the industry: BCE-PR-Q underperforms 73.33% 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. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BCE-PR-Q is still creating some value.
Compared to 1 year ago, BCE-PR-Q has about the same amount of shares outstanding.
BCE-PR-Q has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BCE-PR-Q has a worse debt to assets ratio.
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.
BCE-PR-Q has a Altman-Z score of 0.64. This is in the better half of the industry: BCE-PR-Q outperforms 80.00% of its industry peers.
The Debt to FCF ratio of BCE-PR-Q is 10.36, which is on the high side as it means it would take BCE-PR-Q, 10.36 years of fcf income to pay off 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 76.67% of its industry peers.
A Debt/Equity ratio of 1.57 is on the high side and indicates that BCE-PR-Q has dependencies on debt financing.
BCE-PR-Q has a Debt to Equity ratio of 1.57. This is in the lower half of the industry: BCE-PR-Q underperforms 70.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.64
ROIC/WACC0.99
WACC4.54%
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.
BCE-PR-Q has a Current ratio of 0.58. This is amonst the worse of the industry: BCE-PR-Q underperforms 80.00% of its industry peers.
A Quick Ratio of 0.55 indicates that BCE-PR-Q may have some problems paying its short term obligations.
BCE-PR-Q's Quick ratio of 0.55 is on the low side compared to the rest of the industry. BCE-PR-Q is outperformed by 80.00% 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

4

3. Growth

3.1 Past

BCE-PR-Q shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.65%.
Measured over the past years, BCE-PR-Q shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.78% on average per year.
The Revenue has been growing slightly by 0.11% in the past year.
The Revenue has been growing slightly by 0.51% on average over the past years.
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

Based on estimates for the next years, BCE-PR-Q will show a small growth in Earnings Per Share. The EPS will grow by 1.21% on average per year.
BCE-PR-Q is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.13% yearly.
EPS Next Y-9.15%
EPS Next 2Y-5.41%
EPS Next 3Y-3.3%
EPS Next 5Y1.21%
Revenue Next Year1.43%
Revenue Next 2Y2.23%
Revenue Next 3Y1.9%
Revenue Next 5Y2.13%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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-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 1 2 3

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.78, the valuation of BCE-PR-Q can be described as very reasonable.
Based on the Price/Earnings ratio, BCE-PR-Q is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.00. BCE-PR-Q is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 9.36 indicates a reasonable valuation of BCE-PR-Q.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BCE-PR-Q indicates a slightly more expensive valuation: BCE-PR-Q is more expensive than 70.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.70. BCE-PR-Q is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.78
Fwd PE 9.36
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 70.00% of the companies in the same industry.
70.00% of the companies in the same industry are cheaper than BCE-PR-Q, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6
EV/EBITDA 6.06
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

BCE-PR-Q's earnings are expected to decrease with -3.30% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.41%
EPS Next 3Y-3.3%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.35%, BCE-PR-Q is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.69, BCE-PR-Q pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, BCE-PR-Q pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.35%

5.2 History

The dividend of BCE-PR-Q has a limited annual growth rate of 4.82%.
BCE-PR-Q has paid a dividend for at least 10 years, which is 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 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 slower than its dividend. This means the dividend growth is not sustainable.
DP43.52%
EPS Next 2Y-5.41%
EPS Next 3Y-3.3%
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 INC - BCECN 6.538 PERP

TSX:BCE-PR-Q (1/8/2026, 7:00:00 PM)

25.46

+0.04 (+0.16%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-05 2026-02-05/amc
Inst Owners47.26%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap23.74B
Revenue(TTM)24.49B
Net Income(TTM)6.17B
Analysts65.45
Price Target29.74 (16.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.35%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years2
Div Non Decr Years10
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)-0.09%
PT rev (3m)5.53%
EPS NQ rev (1m)0.28%
EPS NQ rev (3m)-0.42%
EPS NY rev (1m)-0.51%
EPS NY rev (3m)1.62%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 8.78
Fwd PE 9.36
P/S 0.97
P/FCF 6
P/OCF 3.25
P/B 1.06
P/tB N/A
EV/EBITDA 6.06
EPS(TTM)2.9
EY11.39%
EPS(NY)2.72
Fwd EY10.68%
FCF(TTM)4.24
FCFY16.66%
OCF(TTM)7.83
OCFY30.76%
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 0.64
F-Score6
WACC4.54%
ROIC/WACC0.99
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-9.15%
EPS Next 2Y-5.41%
EPS Next 3Y-3.3%
EPS Next 5Y1.21%
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 5Y2.13%
EBIT growth 1Y-0.47%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year94.99%
EBIT Next 3Y26.65%
EBIT Next 5Y16.23%
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 8.78 and the Price/Book (PB) ratio is 1.06.


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 -9.15% in the next year.