BCE INC (BCE.CA) Stock Fundamental Analysis

TSX:BCE • CA05534B7604

35.11 CAD
+0.31 (+0.89%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

Overall BCE gets a fundamental rating of 2 out of 10. We evaluated BCE against 30 industry peers in the Diversified Telecommunication Services industry. BCE has a bad profitability rating. Also its financial health evaluation is rather negative. BCE is valued expensive and it does not seem to be growing. BCE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year BCE was profitable.
  • In the past year BCE had a positive cash flow from operations.
  • BCE had positive earnings in 4 of the past 5 years.
  • BCE had a positive operating cash flow in 4 of the past 5 years.
BCE.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE.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 (7.85%) is worse than 66.67% of its industry peers.
  • Looking at the Return On Equity, with a value of 27.48%, BCE is doing worse than 73.33% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.52%, BCE is doing worse than 83.33% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BCE 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.CA Yearly ROA, ROE, ROICBCE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • BCE has a Profit Margin of 25.21%. This is in the lower half of the industry: BCE underperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of BCE has declined.
  • BCE has a worse Operating Margin (22.38%) than 80.00% of its industry peers.
  • BCE's Operating Margin has been stable in the last couple of years.
  • BCE has a Gross Margin of 67.92%. This is in the lower half of the industry: BCE underperforms 76.67% of its industry peers.
  • In the last couple of years the Gross Margin of BCE 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.CA Yearly Profit, Operating, Gross MarginsBCE.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • BCE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for BCE. 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.CA Yearly Shares OutstandingBCE.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE.CA Yearly Total Debt VS Total AssetsBCE.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 has an Altman-Z score of 0.74. This is a bad value and indicates that BCE is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.74, BCE belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • BCE has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE would need 10.36 years to pay back of all of its debts.
  • BCE's Debt to FCF ratio of 10.36 is on the low side compared to the rest of the industry. BCE is outperformed by 80.00% of its industry peers.
  • BCE 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 is doing worse than 73.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.74
ROIC/WACC0.89
WACC5.05%
BCE.CA Yearly LT Debt VS Equity VS FCFBCE.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 has a Current Ratio of 0.58. This is a bad value and indicates that BCE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of BCE (0.58) is worse than 83.33% of its industry peers.
  • BCE has a Quick Ratio of 0.58. This is a bad value and indicates that BCE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BCE's Quick ratio of 0.55 is on the low side compared to the rest of the industry. BCE is outperformed by 83.33% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE.CA Yearly Current Assets VS Current LiabilitesBCE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • The earnings per share for BCE have decreased by -8.54% in the last year.
  • Measured over the past years, BCE 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

  • The Earnings Per Share is expected to grow by 3.19% on average over the next years.
  • 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.CA Yearly Revenue VS EstimatesBCE.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.CA Yearly EPS VS EstimatesBCE.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

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • BCE is valuated correctly with a Price/Earnings ratio of 12.63.
  • Based on the Price/Earnings ratio, BCE is valued a bit more expensive than the industry average as 73.33% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of BCE to the average of the S&P500 Index (27.97), we can say BCE is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 12.97, BCE is valued correctly.
  • Based on the Price/Forward Earnings ratio, BCE is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
  • BCE is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.96, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.63
Fwd PE 12.97
BCE.CA Price Earnings VS Forward Price EarningsBCE.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 is valued a bit more expensive than the industry average as 73.33% of the companies are valued more cheaply.
  • 73.33% of the companies in the same industry are cheaper than BCE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.28
EV/EBITDA 6.91
BCE.CA Per share dataBCE.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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. Dividend

5.1 Amount

  • BCE has a Yearly Dividend Yield of 5.00%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.35, BCE pays a better dividend. On top of this BCE pays more dividend than 90.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.79, BCE pays a better dividend.
Industry RankSector Rank
Dividend Yield 5%

5.2 History

  • The dividend of BCE has a limited annual growth rate of 4.82%.
  • BCE has paid a dividend for at least 10 years, which is a reliable track record.
  • BCE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.82%
Div Incr Years16
Div Non Decr Years16
BCE.CA Yearly Dividends per shareBCE.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

  • 43.52% of the earnings are spent on dividend by BCE. This is a bit on the high side, but may be sustainable.
  • The dividend of BCE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.52%
EPS Next 2Y-0.3%
EPS Next 3Y3.57%
BCE.CA Yearly Income VS Free CF VS DividendBCE.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.CA Dividend Payout.BCE.CA Dividend Payout, showing the Payout Ratio.BCE.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

BCE INC

TSX:BCE (2/12/2026, 7:00:00 PM)

35.11

+0.31 (+0.89%)

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 Cap32.74B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.27
Price Target37.18 (5.9%)
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 Years16
Div Non Decr Years16
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)0.88%
PT rev (3m)3.45%
EPS NQ rev (1m)-1.53%
EPS NQ rev (3m)-2.88%
EPS NY rev (1m)0.06%
EPS NY rev (3m)1.68%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 12.63
Fwd PE 12.97
P/S 1.34
P/FCF 8.28
P/OCF 4.48
P/B 1.46
P/tB N/A
EV/EBITDA 6.91
EPS(TTM)2.78
EY7.92%
EPS(NY)2.71
Fwd EY7.71%
FCF(TTM)4.24
FCFY12.08%
OCF(TTM)7.83
OCFY22.31%
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 0.74
F-Score6
WACC5.05%
ROIC/WACC0.89
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 / BCE.CA FAQ

Can you provide the ChartMill fundamental rating for BCE INC?

ChartMill assigns a fundamental rating of 2 / 10 to BCE.CA.


What is the valuation status for BCE stock?

ChartMill assigns a valuation rating of 2 / 10 to BCE INC (BCE.CA). This can be considered as Overvalued.


How profitable is BCE INC (BCE.CA) stock?

BCE INC (BCE.CA) has a profitability rating of 2 / 10.


Can you provide the expected EPS growth for BCE stock?

The Earnings per Share (EPS) of BCE INC (BCE.CA) is expected to decline by -2.61% in the next year.


Is the dividend of BCE INC sustainable?

The dividend rating of BCE INC (BCE.CA) is 8 / 10 and the dividend payout ratio is 43.52%.