BCE INC - BCECN 3.306 PERP (BCE-PR-K.CA) Fundamental Analysis & Valuation

TSX:BCE-PR-K • CA05534B6796

19.86 CAD
-0.26 (-1.29%)
Last: Mar 12, 2026, 07:00 PM

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

Fundamental Rating

5

BCE-PR-K gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 27 industry peers in the Diversified Telecommunication Services industry. While BCE-PR-K belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BCE-PR-K has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

7

1. BCE-PR-K.CA Profitability Analysis

1.1 Basic Checks

  • In the past year BCE-PR-K was profitable.
  • In the past year BCE-PR-K had a positive cash flow from operations.
  • Of the past 5 years BCE-PR-K 4 years were profitable.
  • BCE-PR-K had a positive operating cash flow in 4 of the past 5 years.
BCE-PR-K.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-K.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

  • With an excellent Return On Assets value of 7.85%, BCE-PR-K belongs to the best of the industry, outperforming 96.30% of the companies in the same industry.
  • The Return On Equity of BCE-PR-K (27.48%) is better than 88.89% of its industry peers.
  • BCE-PR-K has a Return On Invested Capital of 4.52%. This is amongst the best in the industry. BCE-PR-K outperforms 81.48% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BCE-PR-K is in line with the industry average of 5.06%.
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-K.CA Yearly ROA, ROE, ROICBCE-PR-K.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • BCE-PR-K's Profit Margin of 25.21% is amongst the best of the industry. BCE-PR-K outperforms 96.30% of its industry peers.
  • In the last couple of years the Profit Margin of BCE-PR-K has declined.
  • With an excellent Operating Margin value of 22.38%, BCE-PR-K belongs to the best of the industry, outperforming 81.48% of the companies in the same industry.
  • BCE-PR-K's Operating Margin has been stable in the last couple of years.
  • BCE-PR-K's Gross Margin of 67.92% is amongst the best of the industry. BCE-PR-K outperforms 85.19% of its industry peers.
  • BCE-PR-K's Gross Margin has been stable in the last couple of years.
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-K.CA Yearly Profit, Operating, Gross MarginsBCE-PR-K.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

4

2. BCE-PR-K.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE-PR-K is creating some value.
  • BCE-PR-K has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BCE-PR-K.CA Yearly Shares OutstandingBCE-PR-K.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-K.CA Yearly Total Debt VS Total AssetsBCE-PR-K.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-K has an Altman-Z score of 0.59. This is a bad value and indicates that BCE-PR-K is not financially healthy and even has some risk of bankruptcy.
  • BCE-PR-K has a Altman-Z score of 0.59. This is in the lower half of the industry: BCE-PR-K underperforms 77.78% of its industry peers.
  • BCE-PR-K has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE-PR-K would need 10.36 years to pay back of all of its debts.
  • The Debt to FCF ratio of BCE-PR-K (10.36) is better than 81.48% of its industry peers.
  • BCE-PR-K has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
  • BCE-PR-K has a Debt to Equity ratio of 1.57. This is amongst the best in the industry. BCE-PR-K outperforms 88.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.59
ROIC/WACC1.05
WACC4.32%
BCE-PR-K.CA Yearly LT Debt VS Equity VS FCFBCE-PR-K.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

  • A Current Ratio of 0.58 indicates that BCE-PR-K may have some problems paying its short term obligations.
  • The Current ratio of BCE-PR-K (0.58) is better than 77.78% of its industry peers.
  • BCE-PR-K has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-K is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BCE-PR-K has a Quick ratio of 0.55. This is in the better half of the industry: BCE-PR-K outperforms 77.78% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-K.CA Yearly Current Assets VS Current LiabilitesBCE-PR-K.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-K.CA Growth Analysis

3.1 Past

  • The earnings per share for BCE-PR-K 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

  • The Earnings Per Share is expected to grow by 5.39% on average over the next years.
  • The Revenue is expected to grow by 1.68% on average over the next years.
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.
BCE-PR-K.CA Yearly Revenue VS EstimatesBCE-PR-K.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-K.CA Yearly EPS VS EstimatesBCE-PR-K.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

8

4. BCE-PR-K.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 7.09, which indicates a rather cheap valuation of BCE-PR-K.
  • BCE-PR-K's Price/Earnings ratio is rather cheap when compared to the industry. BCE-PR-K is cheaper than 96.30% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, BCE-PR-K is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.65 indicates a rather cheap valuation of BCE-PR-K.
  • BCE-PR-K's Price/Forward Earnings ratio is rather cheap when compared to the industry. BCE-PR-K is cheaper than 92.59% of the companies in the same industry.
  • BCE-PR-K is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.09
Fwd PE 7.65
BCE-PR-K.CA Price Earnings VS Forward Price EarningsBCE-PR-K.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BCE-PR-K indicates a rather cheap valuation: BCE-PR-K is cheaper than 88.89% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE-PR-K indicates a rather cheap valuation: BCE-PR-K is cheaper than 92.59% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 4.68
EV/EBITDA 5.59
BCE-PR-K.CA Per share dataBCE-PR-K.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • BCE-PR-K has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.8%
EPS Next 3Y0.01%

6

5. BCE-PR-K.CA Dividend Analysis

5.1 Amount

  • BCE-PR-K has a Yearly Dividend Yield of 4.92%, which is a nice return.
  • BCE-PR-K's Dividend Yield is slightly below the industry average, which is at 4.21.
  • BCE-PR-K's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.92%

5.2 History

  • The dividend of BCE-PR-K has a limited annual growth rate of 4.82%.
  • BCE-PR-K has paid a dividend for at least 10 years, which is a reliable track record.
  • BCE-PR-K has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years4
BCE-PR-K.CA Yearly Dividends per shareBCE-PR-K.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • BCE-PR-K pays out 43.52% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • BCE-PR-K'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-1.8%
EPS Next 3Y0.01%
BCE-PR-K.CA Yearly Income VS Free CF VS DividendBCE-PR-K.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-K.CA Dividend Payout.BCE-PR-K.CA Dividend Payout, showing the Payout Ratio.BCE-PR-K.CA Dividend Payout.PayoutRetained Earnings

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

BCE INC - BCECN 3.306 PERP

TSX:BCE-PR-K (3/12/2026, 7:00:00 PM)

19.86

-0.26 (-1.29%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners51.76%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap18.52B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.62
Price Target21.41 (7.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.92%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years0
Div Non Decr Years4
Ex-Date02-27
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)1.53%
PT rev (3m)-3.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.15%
Valuation
Industry RankSector Rank
PE 7.09
Fwd PE 7.65
P/S 0.76
P/FCF 4.68
P/OCF 2.54
P/B 0.82
P/tB N/A
EV/EBITDA 5.59
EPS(TTM)2.8
EY14.1%
EPS(NY)2.6
Fwd EY13.07%
FCF(TTM)4.24
FCFY21.36%
OCF(TTM)7.83
OCFY39.44%
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 0.59
F-Score6
WACC4.32%
ROIC/WACC1.05
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-7.27%
EPS Next 2Y-1.8%
EPS Next 3Y0.01%
EPS Next 5Y5.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.28%
Revenue Next Year2.27%
Revenue Next 2Y1.8%
Revenue Next 3Y1.53%
Revenue Next 5Y1.68%
EBIT growth 1Y-0.47%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year94.65%
EBIT Next 3Y26.26%
EBIT Next 5Y16.03%
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 - BCECN 3.306 PERP / BCE-PR-K.CA FAQ

What is the fundamental rating for BCE-PR-K stock?

ChartMill assigns a fundamental rating of 5 / 10 to BCE-PR-K.CA.


What is the valuation status of BCE INC - BCECN 3.306 PERP (BCE-PR-K.CA) stock?

ChartMill assigns a valuation rating of 8 / 10 to BCE INC - BCECN 3.306 PERP (BCE-PR-K.CA). This can be considered as Undervalued.


How profitable is BCE INC - BCECN 3.306 PERP (BCE-PR-K.CA) stock?

BCE INC - BCECN 3.306 PERP (BCE-PR-K.CA) has a profitability rating of 7 / 10.


Can you provide the financial health for BCE-PR-K stock?

The financial health rating of BCE INC - BCECN 3.306 PERP (BCE-PR-K.CA) is 4 / 10.


Is the dividend of BCE INC - BCECN 3.306 PERP sustainable?

The dividend rating of BCE INC - BCECN 3.306 PERP (BCE-PR-K.CA) is 6 / 10 and the dividend payout ratio is 43.52%.