BCE INC (BCE) Fundamental Analysis & Valuation

NYSE:BCE • CA05534B7604

26.06 USD
+0.08 (+0.31%)
At close: Mar 6, 2026
26.06 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

4

BCE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 37 industry peers in the Diversified Telecommunication Services industry. While BCE has a great profitability rating, there are quite some concerns on its financial health. BCE is valued correctly, but it does not seem to be growing. Finally BCE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. BCE Profitability Analysis

1.1 Basic Checks

  • In the past year BCE was profitable.
  • BCE had a positive operating cash flow in the past year.
  • 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 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

  • With an excellent Return On Assets value of 7.85%, BCE belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
  • BCE's Return On Equity of 27.48% is amongst the best of the industry. BCE outperforms 94.59% of its industry peers.
  • BCE has a Return On Invested Capital of 6.52%. This is in the better half of the industry: BCE outperforms 72.97% 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 5.96%.
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 has a Profit Margin of 25.21%. This is amongst the best in the industry. BCE outperforms 91.89% 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 89.19% 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 83.78% of the companies in the same industry.
  • 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 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. BCE Health Analysis

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.
  • 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 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

  • 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 is doing worse than 70.27% of the companies in the same industry.
  • 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.
  • BCE's Debt to FCF ratio of 10.36 is fine compared to the rest of the industry. BCE outperforms 62.16% 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.
  • With a Debt to Equity ratio value of 1.57, BCE is not doing good in the industry: 70.27% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.74
ROIC/WACC1.22
WACC5.34%
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

  • A Current Ratio of 0.58 indicates that BCE may have some problems paying its short term obligations.
  • BCE has a worse Current ratio (0.58) than 91.89% of its industry peers.
  • 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 89.19% 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

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

2

3. BCE Growth Analysis

3.1 Past

  • The earnings per share for BCE have decreased by -7.89% in the last year.
  • Measured over the past years, BCE shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.57% on average per year.
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

  • Based on estimates for the next years, BCE will show a small growth in Earnings Per Share. The EPS will grow by 5.22% on average per year.
  • Based on estimates for the next years, BCE will show a small growth in Revenue. The Revenue will grow by 1.51% on average per year.
EPS Next Y-3.29%
EPS Next 2Y-0.64%
EPS Next 3Y3.33%
EPS Next 5Y5.22%
Revenue Next Year2.11%
Revenue Next 2Y1.65%
Revenue Next 3Y1.57%
Revenue Next 5Y1.51%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 2030 1 2 3

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6

4. BCE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.65, 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 83.78% of the companies listed in the same industry.
  • BCE is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 13.11, the valuation of BCE can be described as correct.
  • 78.38% of the companies in the same industry are more expensive than BCE, based on the Price/Forward Earnings ratio.
  • BCE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.65
Fwd PE 13.11
BCE Price Earnings VS Forward Price EarningsBCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 70.27% of the companies in the same industry are more expensive than BCE, based on the Enterprise Value to EBITDA ratio.
  • 83.78% of the companies in the same industry are more expensive than BCE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.37
EV/EBITDA 6.94
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-0.64%
EPS Next 3Y3.33%

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

8

5. BCE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.84%, BCE is a good candidate for dividend investing.
  • BCE's Dividend Yield is rather good when compared to the industry average which is at 2.18. BCE pays more dividend than 89.19% of the companies in the same industry.
  • BCE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.84%

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 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 Yearly Dividends per shareBCE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 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 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-0.64%
EPS Next 3Y3.33%
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

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BCE Fundamentals: All Metrics, Ratios and Statistics

BCE INC

NYSE:BCE (3/6/2026, 8:04:00 PM)

After market: 26.06 0 (0%)

26.06

+0.08 (+0.31%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners47.26%
Inst Owner Change4.81%
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap24.30B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts68.18
Price Target27.09 (3.95%)
Short Float %1.8%
Short Ratio5.11
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend3.05
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-16
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)2.11%
PT rev (3m)3.07%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)0%
EPS NY rev (3m)1.67%
Revenue NQ rev (1m)0.24%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.27%
Valuation
Industry RankSector Rank
PE 12.65
Fwd PE 13.11
P/S 1.35
P/FCF 8.37
P/OCF 4.53
P/B 1.47
P/tB N/A
EV/EBITDA 6.94
EPS(TTM)2.06
EY7.9%
EPS(NY)1.99
Fwd EY7.63%
FCF(TTM)3.11
FCFY11.95%
OCF(TTM)5.75
OCFY22.06%
SpS19.27
BVpS17.68
TBVpS-6.46
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.62
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
WACC5.34%
ROIC/WACC1.22
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-3.29%
EPS Next 2Y-0.64%
EPS Next 3Y3.33%
EPS Next 5Y5.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.28%
Revenue Next Year2.11%
Revenue Next 2Y1.65%
Revenue Next 3Y1.57%
Revenue Next 5Y1.51%
EBIT growth 1Y-0.47%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year94.65%
EBIT Next 3Y26.26%
EBIT Next 5Y15.84%
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 -3.29% 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%.