BCE INC (BCE) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:BCE • CA05534B7604

25.08 USD
-0.49 (-1.92%)
At close: Feb 6, 2026
25.0105 USD
-0.07 (-0.28%)
After Hours: 2/6/2026, 8:19:07 PM
Fundamental Rating

4

Overall BCE gets a fundamental rating of 4 out of 10. We evaluated BCE against 36 industry peers in the Diversified Telecommunication Services industry. BCE scores excellent on profitability, but there are concerns on its financial health. BCE has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally BCE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

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 4 of the past 5 years.
  • Of the past 5 years BCE 4 years had a positive operating cash flow.
BCE Yearly Net Income VS EBIT VS OCF VS FCFBCE 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 has a Return On Assets of 7.85%. This is amongst the best in the industry. BCE outperforms 91.67% of its industry peers.
  • BCE has a better Return On Equity (27.48%) than 91.67% of its industry peers.
  • BCE's Return On Invested Capital of 6.52% is fine compared to the rest of the industry. BCE outperforms 72.22% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BCE is in line with the industry average of 6.72%.
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROIC 6.52%
ROA(3y)2.34%
ROA(5y)3.04%
ROE(3y)7.82%
ROE(5y)9.47%
ROIC(3y)7.08%
ROIC(5y)7.18%
BCE Yearly ROA, ROE, ROICBCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • BCE has a Profit Margin of 25.21%. This is amongst the best in the industry. BCE outperforms 94.44% of its industry peers.
  • BCE's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 22.38%, BCE belongs to the best of the industry, outperforming 88.89% 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 67.92%, BCE belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • In the last couple of years the Gross Margin of BCE 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 Yearly Profit, Operating, Gross MarginsBCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

2

2. Health

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BCE Yearly Shares OutstandingBCE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BCE Yearly Total Debt VS Total AssetsBCE 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 has an Altman-Z score of 0.73. This is a bad value and indicates that BCE is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of BCE (0.73) is worse than 63.89% of its industry peers.
  • BCE has a debt to FCF ratio of 10.36. This is a negative value and a sign of low solvency as BCE would need 10.36 years to pay back of all of its debts.
  • BCE's Debt to FCF ratio of 10.36 is fine compared to the rest of the industry. BCE outperforms 63.89% of its industry peers.
  • BCE has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.57, BCE is doing worse than 69.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.57
Debt/FCF 10.36
Altman-Z 0.73
ROIC/WACC1.23
WACC5.29%
BCE Yearly LT Debt VS Equity VS FCFBCE 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 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.
  • With a Current ratio value of 0.58, BCE is not doing good in the industry: 91.67% of the companies in the same industry are doing better.
  • BCE has a Quick 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.
  • BCE's Quick ratio of 0.55 is on the low side compared to the rest of the industry. BCE is outperformed by 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.55
BCE Yearly Current Assets VS Current LiabilitesBCE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2

3. Growth

3.1 Past

  • BCE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.54%.
  • BCE shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.70% yearly.
EPS 1Y (TTM)-8.54%
EPS 3Y-6.02%
EPS 5Y-1.7%
EPS Q2Q%-15.12%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.11%

3.2 Future

  • Based on estimates for the next years, BCE will show a small growth in Earnings Per Share. The EPS will grow by 3.19% on average per year.
  • The Revenue is expected to grow by 2.37% on average over the next years.
EPS Next Y-2.61%
EPS Next 2Y-0.3%
EPS Next 3Y3.57%
EPS Next 5Y3.19%
Revenue Next Year3.04%
Revenue Next 2Y2.14%
Revenue Next 3Y2.36%
Revenue Next 5Y2.37%

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 Yearly Revenue VS EstimatesBCE 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 Yearly EPS VS EstimatesBCE 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

6

4. Valuation

4.1 Price/Earnings Ratio

  • BCE is valuated correctly with a Price/Earnings ratio of 12.35.
  • 83.33% of the companies in the same industry are more expensive than BCE, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.93, BCE is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 12.66, BCE is valued correctly.
  • Based on the Price/Forward Earnings ratio, BCE is valued a bit cheaper than 77.78% of the companies in the same industry.
  • BCE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.77.
Industry RankSector Rank
PE 12.35
Fwd PE 12.66
BCE Price Earnings VS Forward Price EarningsBCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BCE is valued a bit cheaper than the industry average as 69.44% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCE indicates a somewhat cheap valuation: BCE is cheaper than 75.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.08
EV/EBITDA 6.84
BCE Per share dataBCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

  • BCE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.3%
EPS Next 3Y3.57%

8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.00%, BCE is a good candidate for dividend investing.
  • BCE's Dividend Yield is rather good when compared to the industry average which is at 2.24. BCE pays more dividend than 86.11% of the companies in the same industry.
  • BCE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 5%

5.2 History

  • The dividend of BCE has a limited annual growth rate of 4.82%.
  • BCE has paid a dividend for at least 10 years, which is a reliable track record.
  • BCE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.82%
Div Incr Years16
Div Non Decr Years16
BCE Yearly Dividends per shareBCE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

  • BCE 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 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.52%
EPS Next 2Y-0.3%
EPS Next 3Y3.57%
BCE Yearly Income VS Free CF VS DividendBCE 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 Dividend Payout.BCE Dividend Payout, showing the Payout Ratio.BCE Dividend Payout.PayoutRetained Earnings

BCE INC

NYSE:BCE (2/6/2026, 8:19:07 PM)

After market: 25.0105 -0.07 (-0.28%)

25.08

-0.49 (-1.92%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners47.26%
Inst Owner Change-0.09%
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap23.39B
Revenue(TTM)N/A
Net Income(TTM)6.17B
Analysts67.27
Price Target27.2 (8.45%)
Short Float %2.43%
Short Ratio7.46
Dividend
Industry RankSector Rank
Dividend Yield 5%
Yearly Dividend3.05
Dividend Growth(5Y)4.82%
DP43.52%
Div Incr Years16
Div Non Decr Years16
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)1.9%
PT rev (3m)5.47%
EPS NQ rev (1m)-1.53%
EPS NQ rev (3m)-3.03%
EPS NY rev (1m)0.06%
EPS NY rev (3m)1.67%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)-0.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 12.35
Fwd PE 12.66
P/S 1.31
P/FCF 8.08
P/OCF 4.38
P/B 1.42
P/tB N/A
EV/EBITDA 6.84
EPS(TTM)2.03
EY8.09%
EPS(NY)1.98
Fwd EY7.9%
FCF(TTM)3.1
FCFY12.37%
OCF(TTM)5.73
OCFY22.85%
SpS19.21
BVpS17.62
TBVpS-6.44
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.37
Profitability
Industry RankSector Rank
ROA 7.85%
ROE 27.48%
ROCE 8.25%
ROIC 6.52%
ROICexc 6.57%
ROICexgc 12.28%
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)7.08%
ROIC(5y)7.18%
ROICexc(3y)7.23%
ROICexc(5y)7.29%
ROICexgc(3y)13.21%
ROICexgc(5y)13.21%
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 0.73
F-Score6
WACC5.29%
ROIC/WACC1.23
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)-8.54%
EPS 3Y-6.02%
EPS 5Y-1.7%
EPS Q2Q%-15.12%
EPS Next Y-2.61%
EPS Next 2Y-0.3%
EPS Next 3Y3.57%
EPS Next 5Y3.19%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.11%
Revenue Next Year3.04%
Revenue Next 2Y2.14%
Revenue Next 3Y2.36%
Revenue Next 5Y2.37%
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 / BCE FAQ

Can you provide the ChartMill fundamental rating for BCE INC?

ChartMill assigns a fundamental rating of 4 / 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.


How profitable is BCE INC (BCE) stock?

BCE INC (BCE) has a profitability rating of 7 / 10.


Can you provide the expected EPS growth for BCE stock?

The Earnings per Share (EPS) of BCE INC (BCE) is expected to decline by -2.61% in the next year.


Is the dividend of BCE INC sustainable?

The dividend rating of BCE INC (BCE) is 8 / 10 and the dividend payout ratio is 43.52%.