BCE INC (BCE-PR-I.CA) Fundamental Analysis & Valuation

TSX:BCE-PR-I • CA05534B7117

20.88 CAD
-0.4 (-1.88%)
Last: Mar 6, 2026, 07:00 PM

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

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BCE-PR-I. BCE-PR-I was compared to 30 industry peers in the Diversified Telecommunication Services industry. There are concerns on the financial health of BCE-PR-I while its profitability can be described as average. BCE-PR-I has a valuation in line with the averages, but it does not seem to be growing. BCE-PR-I also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. BCE-PR-I.CA Profitability Analysis

1.1 Basic Checks

  • BCE-PR-I had positive earnings in the past year.
  • BCE-PR-I had a positive operating cash flow in the past year.
  • Of the past 5 years BCE-PR-I 4 years were profitable.
  • Of the past 5 years BCE-PR-I 4 years had a positive operating cash flow.
BCE-PR-I.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-I.CA 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

  • BCE-PR-I has a Return On Assets (7.85%) which is in line with its industry peers.
  • BCE-PR-I has a Return On Equity of 27.48%. This is comparable to the rest of the industry: BCE-PR-I outperforms 53.33% of its industry peers.
  • With a Return On Invested Capital value of 4.52%, BCE-PR-I perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
  • BCE-PR-I had an Average Return On Invested Capital over the past 3 years of 4.90%. This is in line with the industry average of 5.00%.
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROIC 4.52%
ROA(3y)2.34%
ROA(5y)3.04%
ROE(3y)7.82%
ROE(5y)9.47%
ROIC(3y)4.9%
ROIC(5y)4.97%
BCE-PR-I.CA Yearly ROA, ROE, ROICBCE-PR-I.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of BCE-PR-I (25.21%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of BCE-PR-I has declined.
  • BCE-PR-I has a Operating Margin of 22.38%. This is comparable to the rest of the industry: BCE-PR-I outperforms 46.67% of its industry peers.
  • BCE-PR-I's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 67.92%, BCE-PR-I is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of BCE-PR-I 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-PR-I.CA Yearly Profit, Operating, Gross MarginsBCE-PR-I.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

2

2. BCE-PR-I.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BCE-PR-I is still creating some value.
  • BCE-PR-I has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BCE-PR-I.CA Yearly Shares OutstandingBCE-PR-I.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-I.CA Yearly Total Debt VS Total AssetsBCE-PR-I.CA 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-PR-I has an Altman-Z score of 0.60. This is a bad value and indicates that BCE-PR-I is not financially healthy and even has some risk of bankruptcy.
  • BCE-PR-I has a Altman-Z score of 0.60. This is in the better half of the industry: BCE-PR-I outperforms 63.33% of its industry peers.
  • BCE-PR-I has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE-PR-I would need 10.36 years to pay back of all of its debts.
  • BCE-PR-I has a Debt to FCF ratio of 10.36. This is comparable to the rest of the industry: BCE-PR-I outperforms 46.67% of its industry peers.
  • BCE-PR-I has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
  • BCE-PR-I has a Debt to Equity ratio (1.57) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.6
ROIC/WACC1.03
WACC4.37%
BCE-PR-I.CA Yearly LT Debt VS Equity VS FCFBCE-PR-I.CA 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-PR-I has a Current Ratio of 0.58. This is a bad value and indicates that BCE-PR-I is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of BCE-PR-I (0.58) is comparable to the rest of the industry.
  • BCE-PR-I has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-I is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BCE-PR-I has a Quick ratio (0.55) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-I.CA Yearly Current Assets VS Current LiabilitesBCE-PR-I.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2

3. BCE-PR-I.CA Growth Analysis

3.1 Past

  • BCE-PR-I shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.89%.
  • BCE-PR-I shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.57% yearly.
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

  • The Earnings Per Share is expected to grow by 5.22% on average over the next years.
  • BCE-PR-I 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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
BCE-PR-I.CA Yearly Revenue VS EstimatesBCE-PR-I.CA 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-PR-I.CA Yearly EPS VS EstimatesBCE-PR-I.CA 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

5

4. BCE-PR-I.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • BCE-PR-I is valuated cheaply with a Price/Earnings ratio of 7.46.
  • Compared to the rest of the industry, the Price/Earnings ratio of BCE-PR-I is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of BCE-PR-I to the average of the S&P500 Index (26.29), we can say BCE-PR-I is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.71 indicates a rather cheap valuation of BCE-PR-I.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BCE-PR-I is on the same level as its industry peers.
  • BCE-PR-I's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.57.
Industry RankSector Rank
PE 7.46
Fwd PE 7.71
BCE-PR-I.CA Price Earnings VS Forward Price EarningsBCE-PR-I.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • BCE-PR-I's Enterprise Value to EBITDA is on the same level as the industry average.
  • BCE-PR-I's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 4.92
EV/EBITDA 5.69
BCE-PR-I.CA Per share dataBCE-PR-I.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.64%
EPS Next 3Y3.33%

7

5. BCE-PR-I.CA Dividend Analysis

5.1 Amount

  • BCE-PR-I has a Yearly Dividend Yield of 5.84%, which is a nice return.
  • BCE-PR-I's Dividend Yield is a higher than the industry average which is at 4.94.
  • BCE-PR-I'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-PR-I has a limited annual growth rate of 4.82%.
  • BCE-PR-I has paid a dividend for at least 10 years, which is a reliable track record.
  • BCE-PR-I has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years4
BCE-PR-I.CA Yearly Dividends per shareBCE-PR-I.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • BCE-PR-I 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-PR-I 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-PR-I.CA Yearly Income VS Free CF VS DividendBCE-PR-I.CA 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-PR-I.CA Dividend Payout.BCE-PR-I.CA Dividend Payout, showing the Payout Ratio.BCE-PR-I.CA Dividend Payout.PayoutRetained Earnings

BCE-PR-I.CA Fundamentals: All Metrics, Ratios and Statistics

BCE INC

TSX:BCE-PR-I (3/6/2026, 7:00:00 PM)

20.88

-0.4 (-1.88%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners47.26%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap19.47B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts68.18
Price Target22.1 (5.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years0
Div Non Decr Years4
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)-3.54%
PT rev (3m)1.36%
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 7.46
Fwd PE 7.71
P/S 0.8
P/FCF 4.92
P/OCF 2.67
P/B 0.87
P/tB N/A
EV/EBITDA 5.69
EPS(TTM)2.8
EY13.41%
EPS(NY)2.71
Fwd EY12.97%
FCF(TTM)4.24
FCFY20.31%
OCF(TTM)7.83
OCFY37.51%
SpS26.26
BVpS24.08
TBVpS-8.8
PEG (NY)N/A
PEG (5Y)N/A
Graham Number38.95
Profitability
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROCE 8.25%
ROIC 4.52%
ROICexc 4.55%
ROICexgc 8.5%
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)4.9%
ROIC(5y)4.97%
ROICexc(3y)5.01%
ROICexc(5y)5.05%
ROICexgc(3y)9.15%
ROICexgc(5y)9.15%
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 0.6
F-Score6
WACC4.37%
ROIC/WACC1.03
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-PR-I.CA FAQ

Can you provide the ChartMill fundamental rating for BCE INC?

ChartMill assigns a fundamental rating of 3 / 10 to BCE-PR-I.CA.


What is the valuation status for BCE-PR-I stock?

ChartMill assigns a valuation rating of 5 / 10 to BCE INC (BCE-PR-I.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for BCE INC?

BCE INC (BCE-PR-I.CA) has a profitability rating of 4 / 10.


What is the earnings growth outlook for BCE INC?

The Earnings per Share (EPS) of BCE INC (BCE-PR-I.CA) is expected to decline by -3.29% in the next year.


Can you provide the dividend sustainability for BCE-PR-I stock?

The dividend rating of BCE INC (BCE-PR-I.CA) is 7 / 10 and the dividend payout ratio is 43.52%.