BCE INC (BCE.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:BCE • CA05534B7604

34.25 CAD
-0.78 (-2.23%)
Last: Feb 6, 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. Both the profitability and financial health of BCE have multiple concerns. 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

  • BCE had positive earnings in the past year.
  • In the past year BCE had a positive cash flow from operations.
  • Of the past 5 years BCE 4 years were profitable.
  • 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

  • BCE has a worse Return On Assets (7.85%) than 66.67% of its industry peers.
  • BCE's Return On Equity of 27.48% is on the low side compared to the rest of the industry. BCE is outperformed by 73.33% of its industry peers.
  • BCE has a worse Return On Invested Capital (4.52%) than 83.33% of its industry peers.
  • BCE 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.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

  • Looking at the Profit Margin, with a value of 25.21%, BCE is doing worse than 66.67% of the companies in the same industry.
  • BCE's Profit Margin has declined in the last couple of years.
  • BCE has a Operating Margin of 22.38%. This is amonst the worse of the industry: BCE underperforms 80.00% of its industry peers.
  • In the last couple of years the Operating Margin of BCE has remained more or less at the same level.
  • BCE's Gross Margin of 67.92% is on the low side compared to the rest of the industry. BCE is outperformed by 76.67% of its industry peers.
  • BCE'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.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.
  • BCE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 0.73. This is a bad value and indicates that BCE is not financially healthy and even has some risk of bankruptcy.
  • BCE has a Altman-Z score of 0.73. This is amongst the best in the industry. BCE outperforms 86.67% of its industry peers.
  • The Debt to FCF ratio of BCE is 10.36, which is on the high side as it means it would take BCE, 10.36 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of BCE (10.36) is worse than 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.
  • BCE's Debt to Equity ratio of 1.57 is on the low side compared to the rest of the industry. BCE is outperformed by 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.73
ROIC/WACC0.9
WACC5.02%
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.
  • BCE's Current ratio of 0.58 is on the low side compared to the rest of the industry. BCE is outperformed by 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 has a worse Quick ratio (0.55) than 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

  • BCE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.54%.
  • BCE shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.70% yearly.
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.
  • BCE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.37% yearly.
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 12.32.
  • 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 (27.93), we can say BCE is valued rather cheaply.
  • BCE is valuated correctly with a Price/Forward Earnings ratio of 12.65.
  • BCE's Price/Forward Earnings ratio is rather expensive when compared to the industry. BCE is more expensive than 80.00% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of BCE to the average of the S&P500 Index (27.77), we can say BCE is valued rather cheaply.
Industry RankSector Rank
PE 12.32
Fwd PE 12.65
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.
  • Based on the Price/Free Cash Flow ratio, BCE is valued a bit more expensive than 73.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.08
EV/EBITDA 6.84
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.
  • BCE's Dividend Yield is rather good when compared to the industry average which is at 4.35. BCE pays more dividend than 90.00% of the companies in the same industry.
  • BCE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
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 their dividend for at least 10 years, which is a reliable track record.
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

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Find the best dividend stocksShow peers with best dividend

BCE INC

TSX:BCE (2/6/2026, 7:00:00 PM)

34.25

-0.78 (-2.23%)

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 Cap31.94B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.27
Price Target37.18 (8.55%)
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 12.32
Fwd PE 12.65
P/S 1.3
P/FCF 8.08
P/OCF 4.37
P/B 1.42
P/tB N/A
EV/EBITDA 6.84
EPS(TTM)2.78
EY8.12%
EPS(NY)2.71
Fwd EY7.91%
FCF(TTM)4.24
FCFY12.38%
OCF(TTM)7.83
OCFY22.87%
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 0.73
F-Score6
WACC5.02%
ROIC/WACC0.9
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%.