BCE INC (BCE) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:BCE • CA05534B7604

25.08 USD
-0.49 (-1.92%)
At close: Feb 6, 2026
25.0105 USD
-0.07 (-0.28%)
After Hours: 2/6/2026, 8:19:07 PM
Fundamental Rating

4

Taking everything into account, BCE scores 4 out of 10 in our fundamental rating. BCE was compared to 36 industry peers in the Diversified Telecommunication Services industry. BCE scores excellent on profitability, but there are concerns on its financial health. BCE has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally BCE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year BCE was profitable.
  • BCE had a positive operating cash flow in the past year.
  • 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 Yearly Net Income VS EBIT VS OCF VS FCFBCE 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 better than 91.67% of its industry peers.
  • Looking at the Return On Equity, with a value of 27.48%, BCE belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
  • BCE has a Return On Invested Capital of 6.52%. This is in the better half of the industry: BCE outperforms 72.22% of its industry peers.
  • BCE had an Average Return On Invested Capital over the past 3 years of 7.08%. This is in line with the industry average of 6.72%.
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROIC 6.52%
ROA(3y)2.34%
ROA(5y)3.04%
ROE(3y)7.82%
ROE(5y)9.47%
ROIC(3y)7.08%
ROIC(5y)7.18%
BCE Yearly ROA, ROE, ROICBCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • BCE's Profit Margin of 25.21% is amongst the best of the industry. BCE outperforms 94.44% of its industry peers.
  • In the last couple of years the Profit Margin of BCE has declined.
  • BCE's Operating Margin of 22.38% is amongst the best of the industry. BCE outperforms 88.89% of its industry peers.
  • BCE's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 67.92%, BCE belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • 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 Yearly Profit, Operating, Gross MarginsBCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

2

2. Health

2.1 Basic Checks

  • BCE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some 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 Yearly Shares OutstandingBCE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE Yearly Total Debt VS Total AssetsBCE 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 0.74, we must say that BCE is in the distress zone and has some risk of bankruptcy.
  • BCE has a worse Altman-Z score (0.74) than 63.89% 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 better than 63.89% of its industry peers.
  • A Debt/Equity ratio of 1.57 is on the high side and indicates that BCE has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.57, BCE is doing worse than 69.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.74
ROIC/WACC1.23
WACC5.29%
BCE Yearly LT Debt VS Equity VS FCFBCE 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.
  • Looking at the Current ratio, with a value of 0.58, BCE is doing worse than 91.67% of the companies in the same industry.
  • A Quick Ratio of 0.55 indicates that BCE may have some problems paying its short term obligations.
  • BCE has a Quick ratio of 0.55. This is amonst the worse of the industry: BCE underperforms 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE Yearly Current Assets VS Current LiabilitesBCE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2

3. Growth

3.1 Past

  • The earnings per share for BCE have decreased by -8.54% in the last year.
  • 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

  • BCE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.19% yearly.
  • 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 Yearly Revenue VS EstimatesBCE 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 Yearly EPS VS EstimatesBCE 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

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.35, which indicates a correct valuation of BCE.
  • Compared to the rest of the industry, the Price/Earnings ratio of BCE indicates a rather cheap valuation: BCE is cheaper than 83.33% of the companies listed in the same industry.
  • BCE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.92.
  • The Price/Forward Earnings ratio is 12.67, which indicates a correct valuation of BCE.
  • Based on the Price/Forward Earnings ratio, BCE is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. BCE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.35
Fwd PE 12.67
BCE Price Earnings VS Forward Price EarningsBCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BCE indicates a somewhat cheap valuation: BCE is cheaper than 69.44% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE indicates a somewhat cheap valuation: BCE is cheaper than 69.44% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.09
EV/EBITDA 6.9
BCE Per share dataBCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

  • The decent profitability rating of BCE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.3%
EPS Next 3Y3.57%

8

5. Dividend

5.1 Amount

  • BCE has a Yearly Dividend Yield of 4.87%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.23, BCE pays a better dividend. On top of this BCE pays more dividend than 86.11% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, BCE pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.87%

5.2 History

  • The dividend of BCE has a limited annual growth rate of 4.82%.
  • BCE has been paying a dividend for at least 10 years, so it has 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 Yearly Dividends per shareBCE 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

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

BCE INC

NYSE:BCE (2/6/2026, 8:19:07 PM)

After market: 25.0105 -0.07 (-0.28%)

25.08

-0.49 (-1.92%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners47.26%
Inst Owner Change-1.07%
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap23.39B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.27
Price Target27.2 (8.45%)
Short Float %2.43%
Short Ratio7.46
Dividend
Industry RankSector Rank
Dividend Yield 4.87%
Yearly Dividend3.04
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)-0.62%
PT rev (3m)2.87%
EPS NQ rev (1m)-1.34%
EPS NQ rev (3m)-2.69%
EPS NY rev (1m)0.06%
EPS NY rev (3m)1.68%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-0.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 12.35
Fwd PE 12.67
P/S 1.31
P/FCF 8.09
P/OCF 4.38
P/B 1.43
P/tB N/A
EV/EBITDA 6.9
EPS(TTM)2.03
EY8.09%
EPS(NY)1.98
Fwd EY7.89%
FCF(TTM)3.1
FCFY12.36%
OCF(TTM)5.72
OCFY22.82%
SpS19.19
BVpS17.6
TBVpS-6.43
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.35
Profitability
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROCE 8.25%
ROIC 6.52%
ROICexc 6.57%
ROICexgc 12.28%
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)7.08%
ROIC(5y)7.18%
ROICexc(3y)7.23%
ROICexc(5y)7.29%
ROICexgc(3y)13.21%
ROICexgc(5y)13.21%
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
WACC5.29%
ROIC/WACC1.23
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 FAQ

Can you provide the ChartMill fundamental rating for BCE INC?

ChartMill assigns a fundamental rating of 4 / 10 to BCE.


What is the valuation status for BCE stock?

ChartMill assigns a valuation rating of 6 / 10 to BCE INC (BCE). This can be considered as Fairly Valued.


How profitable is BCE INC (BCE) stock?

BCE INC (BCE) has a profitability rating of 7 / 10.


Can you provide the expected EPS growth for BCE stock?

The Earnings per Share (EPS) of BCE INC (BCE) 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) is 8 / 10 and the dividend payout ratio is 43.52%.