BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:BCE-PR-M • CA05534B6465

21.25 CAD
+0.1 (+0.47%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

3

Overall BCE-PR-M gets a fundamental rating of 3 out of 10. We evaluated BCE-PR-M against 30 industry peers in the Diversified Telecommunication Services industry. Both the profitability and financial health of BCE-PR-M have multiple concerns. BCE-PR-M has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • BCE-PR-M had positive earnings in the past year.
  • In the past year BCE-PR-M had a positive cash flow from operations.
  • In the past 5 years BCE-PR-M has always been profitable.
  • Each year in the past 5 years BCE-PR-M had a positive operating cash flow.
BCE-PR-M.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-M.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-M has a Return On Assets (7.85%) which is comparable to the rest of the industry.
  • BCE-PR-M's Return On Equity of 27.48% is on the low side compared to the rest of the industry. BCE-PR-M is outperformed by 60.00% of its industry peers.
  • BCE-PR-M has a worse Return On Invested Capital (4.52%) than 70.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BCE-PR-M 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-M.CA Yearly ROA, ROE, ROICBCE-PR-M.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-M has a Profit Margin (25.21%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of BCE-PR-M has declined.
  • The Operating Margin of BCE-PR-M (22.38%) is worse than 66.67% of its industry peers.
  • BCE-PR-M's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 67.92%, BCE-PR-M is not doing good in the industry: 63.33% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of BCE-PR-M 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-M.CA Yearly Profit, Operating, Gross MarginsBCE-PR-M.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE-PR-M is creating some value.
  • BCE-PR-M has about the same amout of shares outstanding than it did 1 year ago.
  • BCE-PR-M has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for BCE-PR-M is higher compared to a year ago.
BCE-PR-M.CA Yearly Shares OutstandingBCE-PR-M.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-M.CA Yearly Total Debt VS Total AssetsBCE-PR-M.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

  • Based on the Altman-Z score of 0.60, we must say that BCE-PR-M is in the distress zone and has some risk of bankruptcy.
  • BCE-PR-M has a Altman-Z score of 0.60. This is in the better half of the industry: BCE-PR-M outperforms 70.00% of its industry peers.
  • The Debt to FCF ratio of BCE-PR-M is 10.36, which is on the high side as it means it would take BCE-PR-M, 10.36 years of fcf income to pay off all of its debts.
  • BCE-PR-M has a worse Debt to FCF ratio (10.36) than 66.67% of its industry peers.
  • A Debt/Equity ratio of 1.57 is on the high side and indicates that BCE-PR-M has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.57, BCE-PR-M is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.6
ROIC/WACC1.03
WACC4.39%
BCE-PR-M.CA Yearly LT Debt VS Equity VS FCFBCE-PR-M.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-M has a Current Ratio of 0.58. This is a bad value and indicates that BCE-PR-M is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of BCE-PR-M (0.58) is worse than 70.00% of its industry peers.
  • BCE-PR-M has a Quick Ratio of 0.58. This is a bad value and indicates that BCE-PR-M is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BCE-PR-M has a worse Quick ratio (0.55) than 70.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-M.CA Yearly Current Assets VS Current LiabilitesBCE-PR-M.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • BCE-PR-M shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.65%.
  • BCE-PR-M shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.78% yearly.
  • BCE-PR-M shows a small growth in Revenue. In the last year, the Revenue has grown by 0.11%.
  • The Revenue has been growing slightly by 0.51% on average over the past years.
EPS 1Y (TTM)-3.65%
EPS 3Y-1.59%
EPS 5Y-2.78%
EPS Q2Q%5.33%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y1.35%
Revenue growth 5Y0.51%
Sales Q2Q%1.31%

3.2 Future

  • Based on estimates for the next years, BCE-PR-M will show a small growth in Earnings Per Share. The EPS will grow by 0.73% on average per year.
  • Based on estimates for the next years, BCE-PR-M will show a small growth in Revenue. The Revenue will grow by 1.65% on average per year.
EPS Next Y-9.1%
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%
EPS Next 5Y0.73%
Revenue Next Year1.43%
Revenue Next 2Y2.23%
Revenue Next 3Y1.9%
Revenue Next 5Y1.65%

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 accelerating: in the next years the growth will be better than in the last years.
BCE-PR-M.CA Yearly Revenue VS EstimatesBCE-PR-M.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-M.CA Yearly EPS VS EstimatesBCE-PR-M.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 7.33 indicates a rather cheap valuation of BCE-PR-M.
  • Compared to the rest of the industry, the Price/Earnings ratio of BCE-PR-M is on the same level as its industry peers.
  • BCE-PR-M's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.25.
  • A Price/Forward Earnings ratio of 7.85 indicates a rather cheap valuation of BCE-PR-M.
  • 60.00% of the companies in the same industry are cheaper than BCE-PR-M, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, BCE-PR-M is valued rather cheaply.
Industry RankSector Rank
PE 7.33
Fwd PE 7.85
BCE-PR-M.CA Price Earnings VS Forward Price EarningsBCE-PR-M.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-M's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BCE-PR-M is more expensive than 60.00% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE-PR-M is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 5.01
EV/EBITDA 5.69
BCE-PR-M.CA Per share dataBCE-PR-M.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • A cheap valuation may be justified as BCE-PR-M's earnings are expected to decrease with -3.12% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.09%, BCE-PR-M is a good candidate for dividend investing.
  • BCE-PR-M's Dividend Yield is a higher than the industry average which is at 4.45.
  • BCE-PR-M's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.09%

5.2 History

  • The dividend of BCE-PR-M has a limited annual growth rate of 4.82%.
  • BCE-PR-M has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of BCE-PR-M decreased recently.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years1
BCE-PR-M.CA Yearly Dividends per shareBCE-PR-M.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-M pays out 43.52% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • BCE-PR-M's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.52%
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%
BCE-PR-M.CA Yearly Income VS Free CF VS DividendBCE-PR-M.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-M.CA Dividend Payout.BCE-PR-M.CA Dividend Payout, showing the Payout Ratio.BCE-PR-M.CA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

BCE INC - BCECN 2.939 PERP

TSX:BCE-PR-M (2/4/2026, 7:00:00 PM)

21.25

+0.1 (+0.47%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-06
Earnings (Next)02-05
Inst Owners47.26%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap19.82B
Revenue(TTM)24.49B
Net Income(TTM)6.17B
Analysts67.27
Price Target23.78 (11.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.09%
Yearly Dividend4.17
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years0
Div Non Decr Years1
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)-2.79%
PT rev (3m)8.61%
EPS NQ rev (1m)-1.34%
EPS NQ rev (3m)-2.69%
EPS NY rev (1m)0.06%
EPS NY rev (3m)1.68%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-0.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 7.33
Fwd PE 7.85
P/S 0.81
P/FCF 5.01
P/OCF 2.71
P/B 0.88
P/tB N/A
EV/EBITDA 5.69
EPS(TTM)2.9
EY13.65%
EPS(NY)2.71
Fwd EY12.74%
FCF(TTM)4.24
FCFY19.96%
OCF(TTM)7.83
OCFY36.86%
SpS26.26
BVpS24.08
TBVpS-8.8
PEG (NY)N/A
PEG (5Y)N/A
Graham Number39.64
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
WACC4.39%
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)-3.65%
EPS 3Y-1.59%
EPS 5Y-2.78%
EPS Q2Q%5.33%
EPS Next Y-9.1%
EPS Next 2Y-5.62%
EPS Next 3Y-3.12%
EPS Next 5Y0.73%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y1.35%
Revenue growth 5Y0.51%
Sales Q2Q%1.31%
Revenue Next Year1.43%
Revenue Next 2Y2.23%
Revenue Next 3Y1.9%
Revenue Next 5Y1.65%
EBIT growth 1Y-0.47%
EBIT growth 3Y1.64%
EBIT growth 5Y-0.41%
EBIT Next Year94.99%
EBIT Next 3Y26.65%
EBIT Next 5Y16.09%
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 2.939 PERP / BCE-PR-M.CA FAQ

What is the ChartMill fundamental rating of BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA) stock?

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


Can you provide the valuation status for BCE INC - BCECN 2.939 PERP?

ChartMill assigns a valuation rating of 4 / 10 to BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA). This can be considered as Fairly Valued.


How profitable is BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA) stock?

BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA) has a profitability rating of 3 / 10.


What are the PE and PB ratios of BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA) stock?

The Price/Earnings (PE) ratio for BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA) is 7.33 and the Price/Book (PB) ratio is 0.88.


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

The dividend rating of BCE INC - BCECN 2.939 PERP (BCE-PR-M.CA) is 6 / 10 and the dividend payout ratio is 43.52%.