BCE INC (BCE) Fundamental Analysis & Valuation

NYSE:BCE • CA05534B7604

Current stock price

24.45 USD
-0.93 (-3.66%)
At close:
24.35 USD
-0.1 (-0.41%)
After Hours:

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

8

1. BCE Profitability Analysis

1.1 Basic Checks

  • BCE had positive earnings in the past year.
  • BCE had a positive operating cash flow in the past year.
  • BCE had positive earnings in each of the past 5 years.
  • In the past 5 years BCE always reported a positive cash flow from operatings.
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 2025 2B 4B 6B 8B

1.2 Ratios

  • BCE has a better Return On Assets (7.87%) than 91.89% of its industry peers.
  • Looking at the Return On Equity, with a value of 27.39%, BCE belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.99%, BCE is in the better half of the industry, outperforming 64.86% of the companies in the same industry.
  • BCE had an Average Return On Invested Capital over the past 3 years of 5.24%. This is in line with the industry average of 5.91%.
Industry RankSector Rank
ROA 7.87%
ROE 27.39%
ROIC 4.99%
ROA(3y)3.66%
ROA(5y)3.79%
ROE(3y)12.87%
ROE(5y)12.56%
ROIC(3y)5.24%
ROIC(5y)5.38%
BCE Yearly ROA, ROE, ROICBCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • BCE has a Profit Margin of 25.77%. This is amongst the best in the industry. BCE outperforms 94.59% of its industry peers.
  • In the last couple of years the Profit Margin of BCE has grown nicely.
  • With an excellent Operating Margin value of 22.15%, BCE belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
  • BCE's Operating Margin has been stable in the last couple of years.
  • BCE's Gross Margin of 68.45% is amongst the best of the industry. BCE outperforms 83.78% 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 22.15%
PM (TTM) 25.77%
GM 68.45%
OM growth 3Y-0.74%
OM growth 5Y-0.52%
PM growth 3Y31.88%
PM growth 5Y18.74%
GM growth 3Y0.03%
GM growth 5Y-0.32%
BCE Yearly Profit, Operating, Gross MarginsBCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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1

2. BCE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE is creating some value.
  • Compared to 1 year ago, BCE has more shares outstanding
  • BCE has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BCE has an improved debt to assets ratio.
BCE Yearly Shares OutstandingBCE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 20B 40B 60B 80B

2.2 Solvency

  • BCE has an Altman-Z score of 0.72. This is a bad value and indicates that BCE is not financially healthy and even has some risk of bankruptcy.
  • BCE's Altman-Z score of 0.72 is on the low side compared to the rest of the industry. BCE is outperformed by 70.27% of its industry peers.
  • The Debt to FCF ratio of BCE is 12.50, which is on the high side as it means it would take BCE, 12.50 years of fcf income to pay off all of its debts.
  • BCE has a Debt to FCF ratio (12.50) which is in line with its industry peers.
  • BCE has a Debt/Equity ratio of 1.52. This is a high value indicating a heavy dependency on external financing.
  • BCE's Debt to Equity ratio of 1.52 is on the low side compared to the rest of the industry. BCE is outperformed by 67.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.52
Debt/FCF 12.5
Altman-Z 0.72
ROIC/WACC1.08
WACC4.6%
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 2025 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 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's Quick ratio of 0.55 is on the low side compared to the rest of the industry. BCE is outperformed by 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 2025 5B 10B

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4

3. BCE Growth Analysis

3.1 Past

  • BCE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.89%.
  • The Earnings Per Share has been decreasing by -1.57% on average over the past years.
  • The Revenue has been growing slightly by 0.24% in the past year.
  • BCE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.35% yearly.
EPS 1Y (TTM)-7.89%
EPS 3Y-5.8%
EPS 5Y-1.57%
EPS Q2Q%-12.66%
Revenue 1Y (TTM)0.24%
Revenue growth 3Y0.4%
Revenue growth 5Y1.35%
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 5.39% on average per year.
  • Based on estimates for the next years, BCE will show a small growth in Revenue. The Revenue will grow by 1.68% on average per year.
EPS Next Y-7.27%
EPS Next 2Y-1.8%
EPS Next 3Y0.01%
EPS Next 5Y5.39%
Revenue Next Year2.27%
Revenue Next 2Y1.8%
Revenue Next 3Y1.53%
Revenue Next 5Y1.68%

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.
  • When comparing the Revenue 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

  • With a Price/Earnings ratio of 12.16, BCE is valued correctly.
  • 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.
  • When comparing the Price/Earnings ratio of BCE to the average of the S&P500 Index (25.60), we can say BCE is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 13.10, the valuation of BCE can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BCE indicates a somewhat cheap valuation: BCE is cheaper than 70.27% of the companies listed in the same industry.
  • BCE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 12.16
Fwd PE 13.1
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

  • BCE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BCE is cheaper than 70.27% of the companies in the same industry.
  • 81.08% 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 9.66
EV/EBITDA 6.8
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 excellent profitability rating of BCE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.8%
EPS Next 3Y0.01%

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

8

5. BCE Dividend Analysis

5.1 Amount

  • BCE has a Yearly Dividend Yield of 4.96%, which is a nice return.
  • BCE's Dividend Yield is rather good when compared to the industry average which is at 2.23. BCE pays more dividend than 86.49% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.88, BCE pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.96%

5.2 History

  • The dividend of BCE decreases each year by -7.24%.
  • 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)-7.24%
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 34.53% of its income as dividend. This is a sustainable payout ratio.
DP34.53%
EPS Next 2Y-1.8%
EPS Next 3Y0.01%
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 2025 2B 4B 6B
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 (4/2/2026, 8:09:21 PM)

After market: 24.35 -0.1 (-0.41%)

24.45

-0.93 (-3.66%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners51.76%
Inst Owner Change4.79%
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap22.80B
Revenue(TTM)24.47B
Net Income(TTM)6.30B
Analysts67.62
Price Target27.09 (10.8%)
Short Float %2.04%
Short Ratio5.25
Dividend
Industry RankSector Rank
Dividend Yield 4.96%
Yearly Dividend1.7
Dividend Growth(5Y)-7.24%
DP34.53%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-16
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.6%
Min EPS beat(2)7.87%
Max EPS beat(2)9.34%
EPS beat(4)3
Avg EPS beat(4)3.91%
Min EPS beat(4)-12.22%
Max EPS beat(4)10.64%
EPS beat(8)5
Avg EPS beat(8)2.85%
EPS beat(12)7
Avg EPS beat(12)2.62%
EPS beat(16)10
Avg EPS beat(16)2.78%
Revenue beat(2)0
Avg Revenue beat(2)-2.3%
Min Revenue beat(2)-3.19%
Max Revenue beat(2)-1.42%
Revenue beat(4)1
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-3.19%
Max Revenue beat(4)1.28%
Revenue beat(8)2
Avg Revenue beat(8)-1.19%
Revenue beat(12)3
Avg Revenue beat(12)-1.09%
Revenue beat(16)3
Avg Revenue beat(16)-1.02%
PT rev (1m)0%
PT rev (3m)1.48%
EPS NQ rev (1m)0.17%
EPS NQ rev (3m)-4.36%
EPS NY rev (1m)-4.12%
EPS NY rev (3m)-4.54%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)-1.08%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)-0.87%
Valuation
Industry RankSector Rank
PE 12.16
Fwd PE 13.1
P/S 1.3
P/FCF 9.66
P/OCF 4.54
P/B 1.38
P/tB N/A
EV/EBITDA 6.8
EPS(TTM)2.01
EY8.22%
EPS(NY)1.87
Fwd EY7.63%
FCF(TTM)2.53
FCFY10.36%
OCF(TTM)5.39
OCFY22.03%
SpS18.86
BVpS17.75
TBVpS-5.74
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.33
Profitability
Industry RankSector Rank
ROA 7.87%
ROE 27.39%
ROCE 8.05%
ROIC 4.99%
ROICexc 5.01%
ROICexgc 9.19%
OM 22.15%
PM (TTM) 25.77%
GM 68.45%
FCFM 13.42%
ROA(3y)3.66%
ROA(5y)3.79%
ROE(3y)12.87%
ROE(5y)12.56%
ROIC(3y)5.24%
ROIC(5y)5.38%
ROICexc(3y)5.37%
ROICexc(5y)5.46%
ROICexgc(3y)9.69%
ROICexgc(5y)9.86%
ROCE(3y)8.9%
ROCE(5y)9.07%
ROICexgc growth 3Y-6.98%
ROICexgc growth 5Y-5.2%
ROICexc growth 3Y-5.76%
ROICexc growth 5Y-4.73%
OM growth 3Y-0.74%
OM growth 5Y-0.52%
PM growth 3Y31.88%
PM growth 5Y18.74%
GM growth 3Y0.03%
GM growth 5Y-0.32%
F-Score7
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 1.52
Debt/FCF 12.5
Debt/EBITDA 3.27
Cap/Depr 70.69%
Cap/Sales 15.13%
Interest Coverage 3
Cash Conversion 65.56%
Profit Quality 52.09%
Current Ratio 0.58
Quick Ratio 0.55
Altman-Z 0.72
F-Score7
WACC4.6%
ROIC/WACC1.08
Cap/Depr(3y)85.13%
Cap/Depr(5y)93.81%
Cap/Sales(3y)17.53%
Cap/Sales(5y)18.89%
Profit Quality(3y)635.17%
Profit Quality(5y)427.95%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.89%
EPS 3Y-5.8%
EPS 5Y-1.57%
EPS Q2Q%-12.66%
EPS Next Y-7.27%
EPS Next 2Y-1.8%
EPS Next 3Y0.01%
EPS Next 5Y5.39%
Revenue 1Y (TTM)0.24%
Revenue growth 3Y0.4%
Revenue growth 5Y1.35%
Sales Q2Q%-0.28%
Revenue Next Year2.27%
Revenue Next 2Y1.8%
Revenue Next 3Y1.53%
Revenue Next 5Y1.68%
EBIT growth 1Y-2.31%
EBIT growth 3Y-0.34%
EBIT growth 5Y0.82%
EBIT Next Year104.35%
EBIT Next 3Y28.13%
EBIT Next 5Y17.16%
FCF growth 1Y17.92%
FCF growth 3Y1.06%
FCF growth 5Y-1.58%
OCF growth 1Y-3.13%
OCF growth 3Y-5.64%
OCF growth 5Y-2.07%

BCE INC / BCE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for BCE INC?

ChartMill assigns a fundamental rating of 5 / 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.


Can you provide the profitability details for BCE INC?

BCE INC (BCE) has a profitability rating of 8 / 10.


What are the PE and PB ratios of BCE INC (BCE) stock?

The Price/Earnings (PE) ratio for BCE INC (BCE) is 12.16 and the Price/Book (PB) ratio is 1.38.


Can you provide the expected EPS growth for BCE stock?

The Earnings per Share (EPS) of BCE INC (BCE) is expected to decline by -7.27% in the next year.