Overview Dividends

(BCE) BCE - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA05534B7604

Wireless, Wireline, Internet, Streaming, Television

Integrated Telecommunication Services
Market Cap in USD: 21,588m

IPO / Inception: 1982-11-15
Return 12m vs S&P 500: -8.87%

EPS (Earnings per Share)

EPS CAGR: 1.04%
EPS Trend: -26.4%

Last SUE: 0.11
Qual. Beats: 0

Revenue

Rev. CAGR: -0.69%
Rev. Trend: 52.8%

Last SUE: -0.02
Qual. Beats: 0

Dividends

Dividend Yield	7.21%
Yield on Cost 5y	5.41%
Yield CAGR 5y	4.29%
Payout Consistency	89.9%
Payout Ratio	56.5%

Risk via 5d forecast
Volatility	18.2%
Value at Risk 5%th	29.5%
Relative Tail Risk	-1.71%

Reward TTM
Sharpe Ratio	0.16
Alpha	2.49
CAGR/Max DD	-0.27

Character TTM
Hurst Exponent	0.465
Beta	-0.086
Beta Downside	-0.293

Drawdowns 3y
Max DD	48.71%
Mean DD	25.10%
Median DD	23.85%

Description: BCE BCE December 19, 2025

BCE Inc. (NYSE:BCE) is Canada’s largest integrated telecommunications provider, delivering wireless, wireline, internet, streaming, and TV services to residential, business, and wholesale customers. The company operates through two primary segments: Bell Communication and Technology Services, which covers mobile, broadband, cloud, and device offerings, and Bell Media, which owns a portfolio of video, audio, out-of-home advertising, and digital media assets. Founded in 1880 and headquartered in Verdun, Quebec, BCE is classified under the Integrated Telecommunication Services sub-industry.

Key metrics that shape BCE’s outlook include: (1) a 2023-24 adjusted EBITDA margin of roughly 38%, reflecting strong cash-flow generation in a capital-intensive sector; (2) a subscriber base of ~11.5 million wireless customers and ~3.5 million broadband connections, providing scale advantages and cross-sell opportunities; and (3) exposure to macro-drivers such as Canadian GDP growth, which historically correlates with enterprise IT spend and consumer discretionary spending on premium media services. The firm’s capital-intensive network upgrades (e.g., 5G rollout and fiber expansion) are funded largely by free cash flow, but require disciplined capex allocation to maintain its credit profile.

For a deeper quantitative assessment of BCE’s valuation relative to peers, you may find it useful to explore the analytical tools available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (6.33b TTM) > 0 and > 6% of Revenue (6% = 1.47b TTM)

FCFTA 0.04 (>2.0%) and ΔFCFTA 0.46pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -20.96% (prev -21.73%; Δ 0.76pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 6.26b <= Net Income 6.33b (YES >=105%, WARN >=100%)

Net Debt (40.51b) to EBITDA (14.43b) ratio: 2.81 <= 3.0 (WARN <= 3.5)

Current Ratio 0.58 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (932.5m) change vs 12m ago 2.21% (target <= -2.0% for YES)

Gross Margin 67.92% (prev 58.83%; Δ 9.10pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 32.37% (prev 33.64%; Δ -1.27pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.29 (EBITDA TTM 14.43b / Interest Expense TTM 1.76b) >= 6 (WARN >= 3)

Altman Z'' 0.57

(A) -0.07 = (Total Current Assets 7.05b - Total Current Liabilities 12.18b) / Total Assets 78.58b

(B) -0.05 = Retained Earnings (Balance) -4.06b / Total Assets 78.58b

(D) 0.32 = Book Value of Equity 17.80b / Total Liabilities 55.83b

Total Rating: 0.57 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 71.60

1. Piotroski 3.50pt

2. FCF Yield 4.84%

3. FCF Margin 13.98%

4. Debt/Equity 1.82

5. Debt/Ebitda 2.81

6. ROIC - WACC (= 12.57)%

7. RoE 33.81%

8. Rev. Trend 52.77%

9. EPS Trend -26.44%

What is the price of BCE shares?

As of December 24, 2025, the stock is trading at USD 22.73 with a total of 1,766,883 shares traded.
Over the past week, the price has changed by -2.57%, over one month by -0.16%, over three months by -0.90% and over the past year by +6.66%.

Is BCE a buy, sell or hold?

BCE has received a consensus analysts rating of 2.94. Therefor, it is recommend to hold BCE.

Strong Buy: 1
Buy: 3
Hold: 8
Sell: 4
Strong Sell: 1

What are the forecasts/targets for the BCE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	25.9	13.7%
Analysts Target Price	25.9	13.7%
ValueRay Target Price	22.8	0.4%

BCE Fundamental Data Overview December 19, 2025

Market Cap CAD = 29.78b (21.59b USD * 1.3794 USD.CAD)
P/E Trailing = 4.8229
P/E Forward = 11.8064
P/S = 0.8816
P/B = 1.5668
P/EG = 0.2293
Beta = 0.657
Revenue TTM = 24.49b CAD
EBIT TTM = 9.31b CAD
EBITDA TTM = 14.43b CAD
Long Term Debt = 35.16b CAD (from longTermDebt, last quarter)
Short Term Debt = 5.82b CAD (from shortTermDebt, last quarter)
Debt = 40.98b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 40.51b CAD (from netDebt column, last quarter)
Enterprise Value = 70.75b CAD (29.78b + Debt 40.98b - CCE 5.00m)
Interest Coverage Ratio = 5.29 (Ebit TTM 9.31b / Interest Expense TTM 1.76b)
FCF Yield = 4.84% (FCF TTM 3.42b / Enterprise Value 70.75b)
FCF Margin = 13.98% (FCF TTM 3.42b / Revenue TTM 24.49b)
Net Margin = 25.87% (Net Income TTM 6.33b / Revenue TTM 24.49b)
Gross Margin = 67.92% ((Revenue TTM 24.49b - Cost of Revenue TTM 7.85b) / Revenue TTM)
Gross Margin QoQ = 70.82% (prev 68.58%)
Tobins Q-Ratio = 0.90 (Enterprise Value 70.75b / Total Assets 78.58b)
Interest Expense / Debt = 1.12% (Interest Expense 457.0m / Debt 40.98b)
Taxrate = 9.80% (495.0m / 5.05b)
NOPAT = 8.40b (EBIT 9.31b * (1 - 9.80%))
Current Ratio = 0.58 (Total Current Assets 7.05b / Total Current Liabilities 12.18b)
Debt / Equity = 1.82 (Debt 40.98b / totalStockholderEquity, last quarter 22.46b)
Debt / EBITDA = 2.81 (Net Debt 40.51b / EBITDA 14.43b)
Debt / FCF = 11.83 (Net Debt 40.51b / FCF TTM 3.42b)
Total Stockholder Equity = 18.73b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.06% (Net Income 6.33b / Total Assets 78.58b)
RoE = 33.81% (Net Income TTM 6.33b / Total Stockholder Equity 18.73b)
RoCE = 17.29% (EBIT 9.31b / Capital Employed (Equity 18.73b + L.T.Debt 35.16b))
RoIC = 15.55% (NOPAT 8.40b / Invested Capital 54.03b)
WACC = 2.98% (E(29.78b)/V(70.75b) * Re(5.70%) + D(40.98b)/V(70.75b) * Rd(1.12%) * (1-Tc(0.10)))
Discount Rate = 5.70% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 81.65 | Cagr: 1.10%
[DCF Debug] Terminal Value 81.15% ; FCFE base≈3.19b ; Y1≈3.85b ; Y5≈6.27b
Fair Price DCF = 114.7 (DCF Value 106.94b / Shares Outstanding 932.5m; 5y FCF grow 22.26% → 3.0% )
EPS Correlation: -26.44 | EPS CAGR: 1.04% | SUE: 0.11 | # QB: 0
Revenue Correlation: 52.77 | Revenue CAGR: -0.69% | SUE: -0.02 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.59 | Chg30d=-0.025 | Revisions Net=-3 | Analysts=4
EPS next Year (2026-12-31): EPS=2.48 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=-63.2% | Growth Revenue=+3.0%

Additional Sources for BCE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle