(BCE) BCE - NYSE
Sector: Communication Services | Industry: Telecom Services | Exchange: NYSE (USA) | Market Cap: 22.931m USD | Total Return: 12.5% in 12m
Avg Turnover: 93.3M
EPS Trend: 14.7%
Qual. Beats: 0
Rev. Trend: 81.7%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 5.1 → Forward 13.2
Altman Z'' 0.95 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
BCE Inc. is a diversified Canadian telecommunications provider operating through three primary segments: Bell Communication and Technology Services (Canada and U.S.) and Bell Media. The company delivers wireless, wireline, internet, and television services to residential, enterprise, and wholesale clients. Its media division manages a portfolio of video, audio, and digital advertising assets.
As an integrated telecommunications provider, BCE operates a capital-intensive business model requiring significant investment in fiber-optic and 5G infrastructure to maintain network competitive advantages. The sector is characterized by high barriers to entry and steady cash flows derived from subscription-based service contracts.
Consult ValueRay to further analyze the companys valuation and historical performance.
- High interest rates increase debt servicing costs for capital-intensive infrastructure projects
- CRTC regulatory mandates on wholesale network access threaten fiber-to-the-home margins
- Bell Media advertising revenue fluctuates with Canadian consumer confidence and spending
- Wireless subscriber growth faces pressure from intense domestic price competition
- Dividend payout sustainability depends on free cash flow amid heavy 5G investment
| Net Income: 6.28b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.70 > 1.0 |
| NWC/Revenue: -15.70% < 20% (prev -17.84%; Δ 2.14% < -1%) |
| CFO/TA 0.08 > 3% & CFO 6.57b > Net Income 6.28b |
| Net Debt (42.6b) to EBITDA (16.1b): 2.66 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (932.5m) vs 12m ago 1.33% < -2% |
| Gross Margin: 34.64% > 18% (prev 68.27%; Δ -33.62% > 0.5%) |
| Asset Turnover: 32.13% > 50% (prev 33.71%; Δ -1.58% > 0%) |
| Interest Coverage Ratio: 5.98 > 6 (EBIT TTM 10.7b / Interest Expense TTM 1.80b) |
| A: -0.05 (Total Current Assets 7.52b - Total Current Liabilities 11.4b) / Total Assets 81.6b |
| B: -0.03 (Retained Earnings -2.58b / Total Assets 81.6b) |
| C: 0.14 (EBIT TTM 10.7b / Avg Total Assets 76.9b) |
| D: 0.40 (Book Value of Equity 23.4b / Total Liabilities 57.9b) |
| Altman-Z'' = 0.95 = BB |
| DSRI: 1.06 (Receivables 4.88b/4.54b, Revenue 24.7b/24.3b) |
| GMI: 1.97 (GM 68.27% / 34.64%) |
| AQI: 1.04 (AQ_t 0.50 / AQ_t-1 0.48) |
| SGI: 1.02 (Revenue 24.7b / 24.3b) |
| TATA: -0.00 (NI 6.28b - CFO 6.57b) / TA 81.6b) |
| Beneish M = -2.06 (Cap -4..+1) = BB |
As of June 20, 2026, the stock is trading at USD 23.28 with a total of 3,008,100 shares traded.
Over the past week, the price has changed by -4.00%,
over one month by -0.98%,
over three months by -8.40% and
over the past year by +12.51%.
BCE has received a consensus analysts rating of 2.94. Therefore, it is recommended to hold BCE.
- StrongBuy: 1
- Buy: 3
- Hold: 8
- Sell: 4
- StrongSell: 1
| Analysts Target Price | 27.2 | 16.8% |
Market Cap CAD = 32.4b (22.9b USD * 1.4138 USD.CAD)
P/E Trailing = 5.0701
P/E Forward = 13.245
P/S = 0.9281
P/B = 1.5905
P/EG = 0.224
Revenue TTM = 24.7b CAD
EBIT TTM = 10.7b CAD
EBITDA TTM = 16.1b CAD
Long Term Debt = 37.4b CAD (from longTermDebt, last quarter)
Short Term Debt = 5.53b CAD (from shortTermDebt, last quarter)
Debt = 44.0b CAD (from shortLongTermDebtTotal, last quarter) + Leases 933.0m
Net Debt = 42.6b CAD (calculated: Debt 44.0b - CCE 1.38b)
Enterprise Value = 75.0b CAD (32.4b + Debt 44.0b - CCE 1.38b)
Interest Coverage Ratio = 5.98 (Ebit TTM 10.7b / Interest Expense TTM 1.80b)
EV/FCF = 27.22x (Enterprise Value 75.0b / FCF TTM 2.76b)
FCF Yield = 3.67% (FCF TTM 2.76b / Enterprise Value 75.0b)
FCF Margin = 11.16% (FCF TTM 2.76b / Revenue TTM 24.7b)
Net Margin = 25.44% (Net Income TTM 6.28b / Revenue TTM 24.7b)
Gross Margin = 34.64% ((Revenue TTM 24.7b - Cost of Revenue TTM 16.1b) / Revenue TTM)
Gross Margin QoQ = 30.04% (prev -27.52%)
Tobins Q-Ratio = 0.92 (Enterprise Value 75.0b / Total Assets 81.6b)
Interest Expense / Debt = 4.08% (Interest Expense 1.80b / Debt 44.0b)
Taxrate = 15.32% (1.17b / 7.67b)
NOPAT = 9.09b (EBIT 10.7b * (1 - 15.32%))
Current Ratio = 0.66 (Total Current Assets 7.52b / Total Current Liabilities 11.4b)
Debt / Equity = 1.88 (Debt 44.0b / totalStockholderEquity, last quarter 23.4b)
Debt / EBITDA = 2.66 (Net Debt 42.6b / EBITDA 16.1b)
Debt / FCF = 15.46 (Net Debt 42.6b / FCF TTM 2.76b)
Total Stockholder Equity = 21.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.17% (Net Income 6.28b / Total Assets 81.6b)
RoE = 28.94% (Net Income TTM 6.28b / Total Stockholder Equity 21.7b)
RoCE = 18.14% (EBIT 10.7b / Capital Employed (Equity 21.7b + L.T.Debt 37.4b))
RoIC = 12.20% (NOPAT 9.09b / Invested Capital 74.5b)
WACC = 4.31% (E(32.4b)/V(76.4b) * Re(5.48%) + D(44.0b)/V(76.4b) * Rd(4.08%) * (1-Tc(0.15)))
Discount Rate = 5.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 76.70 | Cagr: 0.98%
[DCF] Terminal Value 74.54% ; FCFF base≈2.83b ; Y1≈2.69b ; Y5≈2.56b
[DCF] Fair Price = N/A (negative equity: EV 40.3b - Net Debt 42.6b = -2.34b; debt exceeds intrinsic value)
EPS Correlation: 14.74 | EPS CAGR: 14.82% | SUE: 0.09 | # QB: 0
Revenue Correlation: 81.69 | Revenue CAGR: 6.71% | SUE: 0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.74 | Chg30d=+0.50% | Revisions=+0% | Analysts=12
EPS next Quarter (2026-09-30): EPS=0.70 | Chg30d=+0.27% | Revisions=-27% | Analysts=11
EPS current Year (2026-12-31): EPS=2.60 | Chg30d=+1.55% | Revisions=+37% | GrowthEPS=-7.2% | GrowthRev=+2.4%
EPS next Year (2027-12-31): EPS=2.70 | Chg30d=-0.63% | Revisions=+6% | GrowthEPS=+4.0% | GrowthRev=+1.8%
[Analyst] Revisions Ratio: +37%