BCE INC - BCECN 4.45 PERP (BCE-PR-Y.CA) Fundamental Analysis & Valuation

TSX:BCE-PR-Y • CA05534B8511

20.14 CAD
-0.08 (-0.4%)
Last: Mar 10, 2026, 07:00 PM

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

Fundamental Rating

5

Taking everything into account, BCE-PR-Y scores 5 out of 10 in our fundamental rating. BCE-PR-Y was compared to 27 industry peers in the Diversified Telecommunication Services industry. While BCE-PR-Y belongs to the best of the industry regarding profitability, there are concerns on its financial health. BCE-PR-Y is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. BCE-PR-Y.CA Profitability Analysis

1.1 Basic Checks

  • BCE-PR-Y had positive earnings in the past year.
  • In the past year BCE-PR-Y had a positive cash flow from operations.
  • Of the past 5 years BCE-PR-Y 4 years were profitable.
  • Of the past 5 years BCE-PR-Y 4 years had a positive operating cash flow.
BCE-PR-Y.CA Yearly Net Income VS EBIT VS OCF VS FCFBCE-PR-Y.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-Y has a Return On Assets of 7.85%. This is amongst the best in the industry. BCE-PR-Y outperforms 92.59% of its industry peers.
  • BCE-PR-Y has a better Return On Equity (27.48%) than 85.19% of its industry peers.
  • With a decent Return On Invested Capital value of 4.52%, BCE-PR-Y is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • BCE-PR-Y had an Average Return On Invested Capital over the past 3 years of 4.90%. This is in line with the industry average of 5.06%.
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-Y.CA Yearly ROA, ROE, ROICBCE-PR-Y.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-Y has a better Profit Margin (25.21%) than 92.59% of its industry peers.
  • In the last couple of years the Profit Margin of BCE-PR-Y has declined.
  • Looking at the Operating Margin, with a value of 22.38%, BCE-PR-Y is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • BCE-PR-Y's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of BCE-PR-Y (67.92%) is better than 81.48% of its industry peers.
  • In the last couple of years the Gross Margin of BCE-PR-Y 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-Y.CA Yearly Profit, Operating, Gross MarginsBCE-PR-Y.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

3

2. BCE-PR-Y.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BCE-PR-Y is creating some value.
  • BCE-PR-Y has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BCE-PR-Y.CA Yearly Shares OutstandingBCE-PR-Y.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE-PR-Y.CA Yearly Total Debt VS Total AssetsBCE-PR-Y.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 0.59, we must say that BCE-PR-Y is in the distress zone and has some risk of bankruptcy.
  • BCE-PR-Y's Altman-Z score of 0.59 is on the low side compared to the rest of the industry. BCE-PR-Y is outperformed by 74.07% of its industry peers.
  • BCE-PR-Y has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE-PR-Y would need 10.36 years to pay back of all of its debts.
  • BCE-PR-Y has a better Debt to FCF ratio (10.36) than 77.78% of its industry peers.
  • A Debt/Equity ratio of 1.57 is on the high side and indicates that BCE-PR-Y has dependencies on debt financing.
  • BCE-PR-Y has a Debt to Equity ratio of 1.57. This is amongst the best in the industry. BCE-PR-Y outperforms 85.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.59
ROIC/WACC1.04
WACC4.33%
BCE-PR-Y.CA Yearly LT Debt VS Equity VS FCFBCE-PR-Y.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-Y has a Current Ratio of 0.58. This is a bad value and indicates that BCE-PR-Y is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 0.58, BCE-PR-Y is doing good in the industry, outperforming 74.07% of the companies in the same industry.
  • A Quick Ratio of 0.55 indicates that BCE-PR-Y may have some problems paying its short term obligations.
  • BCE-PR-Y has a better Quick ratio (0.55) than 74.07% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE-PR-Y.CA Yearly Current Assets VS Current LiabilitesBCE-PR-Y.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-Y.CA Growth Analysis

3.1 Past

  • The earnings per share for BCE-PR-Y have decreased by -7.89% in the last year.
  • Measured over the past years, BCE-PR-Y shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.57% on average per year.
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

  • Based on estimates for the next years, BCE-PR-Y 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-PR-Y 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

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

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 7.19, the valuation of BCE-PR-Y can be described as very cheap.
  • Based on the Price/Earnings ratio, BCE-PR-Y is valued cheaper than 92.59% of the companies in the same industry.
  • BCE-PR-Y's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.71.
  • The Price/Forward Earnings ratio is 7.76, which indicates a rather cheap valuation of BCE-PR-Y.
  • 88.89% of the companies in the same industry are more expensive than BCE-PR-Y, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of BCE-PR-Y to the average of the S&P500 Index (23.82), we can say BCE-PR-Y is valued rather cheaply.
Industry RankSector Rank
PE 7.19
Fwd PE 7.76
BCE-PR-Y.CA Price Earnings VS Forward Price EarningsBCE-PR-Y.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-Y indicates a rather cheap valuation: BCE-PR-Y is cheaper than 85.19% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, BCE-PR-Y is valued cheaper than 88.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.75
EV/EBITDA 5.59
BCE-PR-Y.CA Per share dataBCE-PR-Y.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • BCE-PR-Y 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%

5

5. BCE-PR-Y.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.92%, BCE-PR-Y is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.21, BCE-PR-Y is paying slightly less dividend.
  • BCE-PR-Y'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-Y has a limited annual growth rate of 4.82%.
  • BCE-PR-Y has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.82%
Div Incr Years0
Div Non Decr Years0
BCE-PR-Y.CA Yearly Dividends per shareBCE-PR-Y.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • BCE-PR-Y 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-Y 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-1.8%
EPS Next 3Y0.01%
BCE-PR-Y.CA Yearly Income VS Free CF VS DividendBCE-PR-Y.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-Y.CA Dividend Payout.BCE-PR-Y.CA Dividend Payout, showing the Payout Ratio.BCE-PR-Y.CA Dividend Payout.PayoutRetained Earnings

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

BCE INC - BCECN 4.45 PERP

TSX:BCE-PR-Y (3/10/2026, 7:00:00 PM)

20.14

-0.08 (-0.4%)

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 Cap18.78B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.62
Price Target21.52 (6.85%)
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 Years0
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)-1.95%
PT rev (3m)-2.99%
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 7.19
Fwd PE 7.76
P/S 0.77
P/FCF 4.75
P/OCF 2.57
P/B 0.84
P/tB N/A
EV/EBITDA 5.59
EPS(TTM)2.8
EY13.9%
EPS(NY)2.6
Fwd EY12.89%
FCF(TTM)4.24
FCFY21.06%
OCF(TTM)7.83
OCFY38.89%
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
WACC4.33%
ROIC/WACC1.04
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 4.45 PERP / BCE-PR-Y.CA FAQ

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

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


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

ChartMill assigns a valuation rating of 8 / 10 to BCE INC - BCECN 4.45 PERP (BCE-PR-Y.CA). This can be considered as Undervalued.


Can you provide the profitability details for BCE INC - BCECN 4.45 PERP?

BCE INC - BCECN 4.45 PERP (BCE-PR-Y.CA) has a profitability rating of 7 / 10.


What is the earnings growth outlook for BCE INC - BCECN 4.45 PERP?

The Earnings per Share (EPS) of BCE INC - BCECN 4.45 PERP (BCE-PR-Y.CA) is expected to decline by -7.27% in the next year.


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

The dividend rating of BCE INC - BCECN 4.45 PERP (BCE-PR-Y.CA) is 5 / 10 and the dividend payout ratio is 43.52%.