BCE INC (BCE) Stock Fundamental Analysis

NYSE:BCE • CA05534B7604

25.74 USD
-0.29 (-1.11%)
Last: Feb 25, 2026, 02:14 PM
Fundamental Rating

4

Overall BCE gets a fundamental rating of 4 out of 10. We evaluated BCE against 37 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 it does not seem to be growing. 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.
  • BCE had positive earnings in 4 of the past 5 years.
  • Of the past 5 years BCE 4 years had a positive operating cash flow.
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.
  • With an excellent Return On Equity value of 27.48%, BCE belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
  • The Return On Invested Capital of BCE (6.52%) is better than 72.97% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BCE is in line with the industry average of 5.97%.
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 better Profit Margin (25.21%) than 91.89% of its industry peers.
  • BCE's Profit Margin has declined in the last couple of years.
  • The Operating Margin of BCE (22.38%) is better than 89.19% of its industry peers.
  • In the last couple of years the Operating Margin of BCE has remained more or less at the same level.
  • 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

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE 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

  • Based on the Altman-Z score of 0.75, we must say that BCE is in the distress zone and has some risk of bankruptcy.
  • BCE has a Altman-Z score of 0.75. This is in the lower half of the industry: BCE underperforms 70.27% of its industry peers.
  • 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.
  • The Debt to FCF ratio of BCE (10.36) is better than 62.16% 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.
  • BCE has a worse Debt to Equity ratio (1.57) than 70.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.75
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 Current ratio of 0.58. This is amonst the worse of the industry: BCE underperforms 91.89% 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.
  • Looking at the Quick ratio, with a value of 0.55, BCE is doing worse than 89.19% of the companies in the same industry.
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 -7.89% in the last year.
  • The Earnings Per Share has been decreasing by -1.57% on average over the past years.
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

  • BCE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.22% yearly.
  • BCE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.51% yearly.
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.62, which indicates a correct valuation of BCE.
  • Based on the Price/Earnings ratio, BCE is valued cheaper than 83.78% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.98, BCE is valued rather cheaply.
  • BCE is valuated correctly with a Price/Forward Earnings ratio of 13.03.
  • Based on the Price/Forward Earnings ratio, BCE is valued a bit cheaper than 78.38% of the companies in the same industry.
  • BCE is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.62
Fwd PE 13.03
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 67.57% 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 78.38% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.32
EV/EBITDA 6.96
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

  • BCE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.64%
EPS Next 3Y3.33%

8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.82%, BCE is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.22, BCE pays a better dividend. On top of this BCE pays more dividend than 83.78% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, BCE pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.82%

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 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.
  • The dividend of BCE is growing around the same rate as the earnings are growing. If this keeps up 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

BCE INC

NYSE:BCE (2/25/2026, 2:14:05 PM)

25.74

-0.29 (-1.11%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners47.26%
Inst Owner Change4.8%
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap24.00B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts68.18
Price Target27.2 (5.67%)
Short Float %2.48%
Short Ratio6.83
Dividend
Industry RankSector Rank
Dividend Yield 5.82%
Yearly Dividend3.04
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)2.53%
PT rev (3m)3.5%
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 12.62
Fwd PE 13.03
P/S 1.34
P/FCF 8.32
P/OCF 4.51
P/B 1.47
P/tB N/A
EV/EBITDA 6.96
EPS(TTM)2.04
EY7.93%
EPS(NY)1.97
Fwd EY7.67%
FCF(TTM)3.09
FCFY12.02%
OCF(TTM)5.71
OCFY22.19%
SpS19.15
BVpS17.56
TBVpS-6.42
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.39
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 0.75
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 Year94.99%
EBIT Next 3Y26.65%
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%.