BCE Stock Analysis: BCE | NYSE
Telecom Services | NYSE, USA | Market Cap: 22.101m USD | 12M Return: -0.4% | CA05534B7604 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 77.7M
EPS Trend: -83.4%
Qual. Beats: 0
Rev. Trend: 77.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
BCE Inc. is a major Canadian communications company headquartered in Verdun, Quebec, providing wireless, wireline, internet, streaming, and television services to residential, business, and wholesale customers primarily in Canada. Founded in 1880, it is one of the largest integrated telecommunications providers in the country, operating within a market characterized by a small number of dominant incumbents.
The company is organized into three reporting segments. The Bell Communication and Technology Services Canada segment is the core domestic business, offering mobile voice and data plans, wireline services including internet access, IPTV, cloud-based solutions, and satellite TV, along with wholesale services sold to other carriers and resellers. The Bell Communication and Technology Services United States segment provides wireline data services such as broadband internet, commercial ethernet, and dedicated transport, as well as VoIP, unified communications, and video products to U.S. residential, business, and wholesale customers.
The Bell Media segment operates a portfolio of video, audio, out-of-home advertising, and digital media assets, giving BCE a vertical footprint that combines network infrastructure with content and advertising revenue. This combination of connectivity services and owned media properties is characteristic of integrated telecom operators that pursue both subscription-based and advertising-based income streams.
- Wireless ARPU pressured by aggressive pricing from Quebecor and Rogers
- Elevated leverage and capex strain dividend coverage and free cash flow
- Bell Media ad revenue weakens on macro slowdown and cord-cutting
| Net Income: 6.26b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.33 > 1.0 |
| NWC/Revenue: -14.74% < 20% (prev -18.47%; Δ 3.73% < -1%) |
| CFO/TA 0.08 > 3% & CFO 6.79b > Net Income 6.26b |
| Net Debt (42.2b) to EBITDA (16.1b): 2.62 < 3 |
| Current Ratio: 0.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (932.5m) vs 12m ago 0.17% < -2% |
| Gross Margin: 25.38% > 18% (prev 67.94%; Δ -42.56% > 0.5%) |
| Asset Turnover: 32.58% > 50% (prev 34.31%; Δ -1.73% > 0%) |
| Interest Coverage Ratio: 5.89 > 6 (EBIT TTM 10.7b / Interest Expense TTM 1.82b) |
| A: -0.05 (Total Current Assets 6.64b - Total Current Liabilities 10.3b) / Total Assets 81.1b |
| B: -0.03 (Retained Earnings -2.10b / Total Assets 81.1b) |
| C: 0.14 (EBIT TTM 10.7b / Avg Total Assets 76.1b) |
| D: 0.42 (Book Value of Equity 23.9b / Total Liabilities 56.9b) |
| Altman-Z'' = 1.01 = BB |
| DSRI: 1.03 (Receivables 4.72b/4.50b, Revenue 24.8b/24.4b) |
| GMI: 2.68 (GM 67.94% / 25.38%) |
| AQI: 1.05 (AQ_t 0.51 / AQ_t-1 0.49) |
| SGI: 1.02 (Revenue 24.8b / 24.4b) |
| TATA: -0.01 (NI 6.26b - CFO 6.79b) / TA 81.1b) |
| Beneish M = -1.44 (Cap -4..+1) = D |
As of August 25, 2026, the stock is trading at USD 23.85 with a total of 2,013,374 shares traded. Over the past week, the price has changed by +2.14%, over one month by +11.97%, over three months by -2.56% and over the past year by -0.37%.
Current recommended Stop Loss: 22.70 (which is 4.8% or 2.7 ATR below the current price).
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 | 28.8 | 20.6% |
Market Cap CAD = 30.5b (22.1b USD * 1.3784 USD.CAD)
P/E Trailing = 4.8073
P/E Forward = 12.5628
P/S = 0.8913
P/B = 1.4636
P/EG = 0.224
Revenue TTM = 24.8b CAD
EBIT TTM = 10.7b CAD
EBITDA TTM = 16.1b CAD
Long Term Debt = 37.5b CAD (from longTermDebt, last quarter)
Short Term Debt = 4.26b CAD (from shortTermDebt, last quarter)
Debt = 42.7b CAD (from shortLongTermDebtTotal, last quarter) + Leases 933.0m
Net Debt = 42.2b CAD (calculated: Debt 42.7b - CCE 479.2m)
Enterprise Value = 72.7b CAD (30.5b + Debt 42.7b - CCE 479.2m)
Interest Coverage Ratio = 5.89 (Ebit TTM 10.7b / Interest Expense TTM 1.82b)
EV/FCF = 27.38x (Enterprise Value 72.7b / FCF TTM 2.66b)
FCF Yield = 3.65% (FCF TTM 2.66b / Enterprise Value 72.7b)
FCF Margin = 10.71% (FCF TTM 2.66b / Revenue TTM 24.8b)
Net Margin = 25.25% (Net Income TTM 6.26b / Revenue TTM 24.8b)
Gross Margin = 25.38% ((Revenue TTM 24.8b - Cost of Revenue TTM 18.5b) / Revenue TTM)
Gross Margin QoQ = 30.89% (prev 30.04%)
Tobins Q-Ratio = 0.90 (Enterprise Value 72.7b / Total Assets 81.1b)
Interest Expense / Debt = 4.27% (Interest Expense 1.82b / Debt 42.7b)
Taxrate = 15.61% (1.20b / 7.68b)
NOPAT = 9.06b (EBIT 10.7b * (1 - 15.61%))
Current Ratio = 0.65 (Total Current Assets 6.64b / Total Current Liabilities 10.3b)
Debt / Equity = 1.79 (Debt 42.7b / totalStockholderEquity, last quarter 23.9b)
Debt / EBITDA = 2.62 (Net Debt 42.2b / EBITDA 16.1b)
Debt / FCF = 15.91 (Net Debt 42.2b / FCF TTM 2.66b)
Total Stockholder Equity = 23.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.23% (Net Income 6.26b / Total Assets 81.1b)
RoE = 27.03% (Net Income TTM 6.26b / Total Stockholder Equity 23.2b)
RoCE = 17.68% (EBIT 10.7b / Capital Employed (Equity 23.2b + L.T.Debt 37.5b))
RoIC = 12.15% (NOPAT 9.06b / Invested Capital 74.6b)
WACC = 4.35% (E(30.5b)/V(73.2b) * Re(5.40%) + D(42.7b)/V(73.2b) * Rd(4.27%) * (1-Tc(0.16)))
Discount Rate = 5.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.00 | Cagr: 0.98%
[DCF] Terminal Value 73.10% ; FCFF base≈2.90b ; Y1≈2.55b ; Y5≈2.06b
[DCF] Fair Price = N/A (negative equity: EV 33.0b - Net Debt 42.2b = -9.21b; debt exceeds intrinsic value)
EPS Correlation: -83.45 | EPS CAGR: -8.37% | SUE: 0.13 | # QB: 0
Revenue Correlation: 77.67 | Revenue CAGR: 4.43% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.70 | Chg30d=+0.84% | Revisions=-22% | Analysts=12
EPS current Year (2026-12-31): EPS=2.58 | Chg30d=+0.15% | Revisions=-50% | GrowthEPS=-7.8% | GrowthRev=+2.0%
EPS next Year (2027-12-31): EPS=2.67 | Chg30d=-0.54% | Revisions=-64% | GrowthEPS=+3.3% | GrowthRev=+1.4%
[Analyst] Revisions Ratio: -58% (up=5, down=23)