BCE INC (BCE) Fundamental Analysis & Valuation
NYSE:BCE • CA05534B7604
Current stock price
23.49 USD
+0.23 (+0.99%)
Last:
This BCE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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 each of the past 5 years.
- In the past 5 years BCE always reported a positive cash flow from operatings.
1.2 Ratios
- BCE has a Return On Assets of 7.87%. This is amongst the best in the industry. BCE outperforms 91.89% of its industry peers.
- BCE's Return On Equity of 27.39% is amongst the best of the industry. BCE outperforms 94.59% of its industry peers.
- BCE has a better Return On Invested Capital (4.99%) than 64.86% of its industry peers.
- 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 6.00%.
| Industry Rank | Sector 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%
1.3 Margins
- BCE has a better Profit Margin (25.77%) than 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.
- In the last couple of years the Operating Margin of BCE has remained more or less at the same level.
- With an excellent Gross Margin value of 68.45%, BCE belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
- BCE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
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.
- BCE has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for BCE has been increased compared to 5 years ago.
- Compared to 1 year ago, BCE has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.69, we must say that BCE is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of BCE (0.69) is worse than 70.27% of its industry peers.
- BCE has a debt to FCF ratio of 12.50. This is a negative value and a sign of low solvency as BCE would need 12.50 years to pay back of all of its debts.
- BCE has a Debt to FCF ratio (12.50) which is comparable to the rest of the industry.
- A Debt/Equity ratio of 1.52 is on the high side and indicates that BCE has dependencies on debt financing.
- BCE has a Debt to Equity ratio of 1.52. This is in the lower half of the industry: BCE underperforms 70.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | 12.5 | ||
| Altman-Z | 0.69 |
ROIC/WACC1.08
WACC4.6%
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.
- The Current ratio of BCE (0.58) is worse 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 91.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.55 |
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%.
- BCE shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.57% yearly.
- BCE shows a small growth in Revenue. In the last year, the Revenue has grown by 0.24%.
- 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
- BCE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.36% yearly.
- Based on estimates for the next years, BCE will show a small growth in Revenue. The Revenue will grow by 0.92% on average per year.
EPS Next Y-7.42%
EPS Next 2Y-1.36%
EPS Next 3Y1.55%
EPS Next 5Y5.36%
Revenue Next Year2.04%
Revenue Next 2Y1.87%
Revenue Next 3Y2.05%
Revenue Next 5Y0.92%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. BCE Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 11.46, the valuation of BCE can be described as very reasonable.
- 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's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.54.
- Based on the Price/Forward Earnings ratio of 12.39, the valuation of BCE can be described as correct.
- BCE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BCE is cheaper than 75.68% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 21.68, BCE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.46 | ||
| Fwd PE | 12.39 |
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.
- Based on the Price/Free Cash Flow ratio, BCE is valued cheaper than 81.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.12 | ||
| EV/EBITDA | 6.61 |
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-1.36%
EPS Next 3Y1.55%
5. BCE Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 5.31%, BCE is a good candidate for dividend investing.
- BCE's Dividend Yield is rather good when compared to the industry average which is at 2.22. BCE pays more dividend than 86.49% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, BCE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.31% |
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.
Dividend Growth(5Y)-7.24%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- BCE pays out 34.53% of its income as dividend. This is a sustainable payout ratio.
DP34.53%
EPS Next 2Y-1.36%
EPS Next 3Y1.55%
BCE Fundamentals: All Metrics, Ratios and Statistics
NYSE:BCE (4/30/2026, 11:16:31 AM)
23.49
+0.23 (+0.99%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Industry Strength62.99
Industry Growth35.82
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)05-07 2026-05-07
Inst Owners51.67%
Inst Owner Change0.03%
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap21.91B
Revenue(TTM)24.47B
Net Income(TTM)6.30B
Analysts67.62
Price Target27.33 (16.35%)
Short Float %1.84%
Short Ratio5.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.31% |
Yearly Dividend1.73
Dividend Growth(5Y)-7.24%
DP34.53%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-16 2026-03-16 (0.4375)
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)0.88%
PT rev (3m)3.01%
EPS NQ rev (1m)-0.78%
EPS NQ rev (3m)1177.14%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-4.27%
Revenue NQ rev (1m)-1.3%
Revenue NQ rev (3m)-1.9%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.46 | ||
| Fwd PE | 12.39 | ||
| P/S | 1.22 | ||
| P/FCF | 9.12 | ||
| P/OCF | 4.29 | ||
| P/B | 1.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.61 |
EPS(TTM)2.05
EY8.73%
EPS(NY)1.9
Fwd EY8.07%
FCF(TTM)2.58
FCFY10.96%
OCF(TTM)5.48
OCFY23.33%
SpS19.19
BVpS18.05
TBVpS-5.84
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.8562 (22.84%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.69 |
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-7.42%
EPS Next 2Y-1.36%
EPS Next 3Y1.55%
EPS Next 5Y5.36%
Revenue 1Y (TTM)0.24%
Revenue growth 3Y0.4%
Revenue growth 5Y1.35%
Sales Q2Q%-0.28%
Revenue Next Year2.04%
Revenue Next 2Y1.87%
Revenue Next 3Y2.05%
Revenue Next 5Y0.92%
EBIT growth 1Y-2.31%
EBIT growth 3Y-0.34%
EBIT growth 5Y0.82%
EBIT Next Year103.95%
EBIT Next 3Y29.05%
EBIT Next 5Y16.86%
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 11.46 and the Price/Book (PB) ratio is 1.3.
Can you provide the expected EPS growth for BCE stock?
The Earnings per Share (EPS) of BCE INC (BCE) is expected to decline by -7.42% in the next year.