BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada.
Solid track record with mediocre balance sheet.
Share Price & News
How has BCE's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BCE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BCE underperformed the Canadian Telecom industry which returned 12.7% over the past year.
Return vs Market: BCE exceeded the Canadian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is BCE's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StDoes BCE Inc.'s (TSE:BCE) Recent Track Record Look Strong?
2 weeks ago | Simply Wall StDo BCE's (TSE:BCE) Earnings Warrant Your Attention?
4 weeks ago | Simply Wall StUpdate: BCE (TSE:BCE) Stock Gained 11% In The Last Year
Is BCE undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BCE (CA$64.47) is trading below our estimate of fair value (CA$136.71)
Significantly Below Fair Value: BCE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BCE is poor value based on its PE Ratio (19.1x) compared to the Telecom industry average (17.1x).
PE vs Market: BCE is poor value based on its PE Ratio (19.1x) compared to the Canadian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: BCE is poor value based on its PEG Ratio (5.8x)
Price to Book Ratio
PB vs Industry: BCE is overvalued based on its PB Ratio (3.4x) compared to the XN Telecom industry average (1.6x).
How is BCE forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BCE's forecast earnings growth (3.3% per year) is above the savings rate (1.4%).
Earnings vs Market: BCE's earnings (3.3% per year) are forecast to grow slower than the Canadian market (10.9% per year).
High Growth Earnings: BCE's earnings are forecast to grow, but not significantly.
Revenue vs Market: BCE's revenue (1.8% per year) is forecast to grow slower than the Canadian market (4.7% per year).
High Growth Revenue: BCE's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BCE's Return on Equity is forecast to be low in 3 years time (16.8%).
How has BCE performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BCE has high quality earnings.
Growing Profit Margin: BCE's current net profit margins (12.7%) are higher than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: BCE's earnings have grown by 4.2% per year over the past 5 years.
Accelerating Growth: BCE's earnings growth over the past year (9.2%) exceeds its 5-year average (4.2% per year).
Earnings vs Industry: BCE earnings growth over the past year (9.2%) exceeded the Telecom industry -12.1%.
Return on Equity
High ROE: BCE's Return on Equity (15.1%) is considered low.
Return on Assets
Return on Capital Employed
How is BCE's financial position?
Financial Position Analysis
Short Term Liabilities: BCE's short term assets (CA$5.5B) do not cover its short term liabilities (CA$9.8B).
Long Term Liabilities: BCE's short term assets (CA$5.5B) do not cover its long term liabilities (CA$29.0B).
Debt to Equity History and Analysis
Debt Level: BCE's debt to equity ratio (112.4%) is considered high.
Reducing Debt: BCE's debt to equity ratio has reduced from 117.2% to 112.4% over the past 5 years.
Debt Coverage: BCE's debt is well covered by operating cash flow (32.9%).
Interest Coverage: BCE's interest payments on its debt are well covered by EBIT (5x coverage).
Inventory Level: BCE has a high level of physical assets or inventory.
Debt Coverage by Assets: BCE's debt is not covered by short term assets (assets are 0.2x debt).
What is BCE's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase BCE before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BCE's dividend (5.17%) is higher than the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: BCE's dividend (5.17%) is low compared to the top 25% of dividend payers in the Canadian market (5.38%).
Stability and Growth of Payments
Stable Dividend: BCE's dividend payments have been volatile in the past 10 years.
Growing Dividend: BCE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (93.9%), BCE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BCE's dividends in 3 years are not forecast to be well covered by earnings (92.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mirko Bibic 0
Mr. Mirko Bibic has been President and Chief Executive Officer BCE and Bell Canada since January 6, 2020. Mr. Bibic served as the Chief Operating Officer at BCE Inc. and Bell Canada since October 4, 2018 u ...
CEO Compensation Analysis
Compensation vs Market: Mirko's total compensation ($USD3.14M) is below average for companies of similar size in the Canadian market ($USD6.87M).
Compensation vs Earnings: Mirko's compensation has increased by more than 20% in the past year.
|CEO, President & Director||0.08yrs||CA$4.15m||0.00015% CA$87.4k|
|Executive VP & CFO||4.6yrs||CA$6.69m||0.00047% CA$273.9k|
|Vice Chair & Group President||4.8yrs||CA$6.86m||0.014% CA$7.9m|
|President of Bell Business Markets - Bell Canada||9.1yrs||CA$3.46m||0.00011% CA$64.1k|
|Vice President of Investor Relations||0yrs||no data||no data|
|Senior VP||0yrs||no data||0.00038% CA$221.5k|
|Chief Human Resources Officer & Executive VP of Corporate Services||0yrs||no data||0.0018% CA$1.1m|
|Executive VP & Chief Information Officer of Bell Canada||0yrs||no data||0.0036% CA$2.1m|
|Group President of Customer Experience||0yrs||CA$3.32m||0.0016% CA$926.7k|
|Executive VP & CTO of Bell Canada||0yrs||CA$3.15m||0.0060% CA$3.5m|
Experienced Management: BCE's management team is considered experienced (4.7 years average tenure).
|CEO, President & Director||0.08yrs||CA$4.15m||0.00015% CA$87.4k|
|Chair of the Board||3.8yrs||CA$425.00k||0.0022% CA$1.3m|
|Independent Director||10.8yrs||CA$225.00k||0.0025% CA$1.5m|
|Independent Director||6.6yrs||CA$205.00k||0.0011% CA$646.9k|
|Corporate Director||2.8yrs||CA$197.50k||0.00067% CA$390.5k|
|Independent Director||8.8yrs||CA$205.00k||0.012% CA$7.0m|
|Independent Director||9.8yrs||CA$205.00k||0.00014% CA$81.6k|
|Independent Director||7.3yrs||CA$225.00k||0.00013% CA$75.8k|
|Independent Director||10.8yrs||CA$250.00k||0.0039% CA$2.2m|
|Independent Director||10.8yrs||CA$250.00k||0.00011% CA$64.1k|
Experienced Board: BCE's board of directors are considered experienced (8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
BCE Inc.'s company bio, employee growth, exchange listings and data sources
- Name: BCE Inc.
- Ticker: BCE
- Exchange: TSX
- Founded: 1880
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: CA$58.280b
- Shares outstanding: 903.99m
- Website: https://www.bce.ca
Number of Employees
- BCE Inc.
- Building A
- 4th Floor
- H3E 3B3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BCE||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 1968|
|BCE||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 1968|
|BCE1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1968|
|BCE.PRS||TSX (The Toronto Stock Exchange)||PFD 1ST S%||CA||CAD||Oct 1996|
|BCE.PRY||TSX (The Toronto Stock Exchange)||PFD 1ST SER Y||CA||CAD||Dec 1997|
|BCEF.F||OTCPK (Pink Sheets LLC)||PFD 1ST SER Y||US||USD||Dec 1997|
|BCE.PRR||TSX (The Toronto Stock Exchange)||PFD 1ST SER R||CA||CAD||Nov 2000|
|BCE.PRA||TSX (The Toronto Stock Exchange)||PFD 1ST SER AA||CA||CAD||Mar 2002|
|BCE.PRZ||TSX (The Toronto Stock Exchange)||PFD 1ST SER Z||CA||CAD||Nov 2002|
|BCE.PRC||TSX (The Toronto Stock Exchange)||PFD 1ST SER AC||CA||CAD||Feb 2003|
|BCE.PRT||TSX (The Toronto Stock Exchange)||PFD 1ST SER T||CA||CAD||Oct 2006|
|BCE.PRG||TSX (The Toronto Stock Exchange)||PFD 1ST CL AG||CA||CAD||Feb 2007|
|BCE.PRE||TSX (The Toronto Stock Exchange)||PFD 1ST CL AE||CA||CAD||Feb 2007|
|BCE.PRF||TSX (The Toronto Stock Exchange)||PFD 1ST CL AF||CA||CAD||Feb 2007|
|BCE.PRH||TSX (The Toronto Stock Exchange)||PFD 1ST CL AH||CA||CAD||Feb 2007|
|BECE.F||OTCPK (Pink Sheets LLC)||PFD 1ST CL AH||US||USD||Feb 2007|
|BCE.PRB||TSX (The Toronto Stock Exchange)||PFD SHS SER AB||CA||CAD||Aug 2007|
|BCE.PRD||TSX (The Toronto Stock Exchange)||RED 1ST PFD AD||CA||CAD||Feb 2008|
|BCE.PRK||TSX (The Toronto Stock Exchange)||1ST PFD SER AK||CA||CAD||Jul 2011|
|BCE.PRJ||TSX (The Toronto Stock Exchange)||PFD CL A-AJ||CA||CAD||Aug 2011|
|BCE.PRM||TSX (The Toronto Stock Exchange)||1ST PFD SER AM||CA||CAD||Sep 2014|
|BCE.PRO||TSX (The Toronto Stock Exchange)||1SR PFD SER AO||CA||CAD||Sep 2014|
|BCE.PRQ||TSX (The Toronto Stock Exchange)||1SR PFD SER AQ||CA||CAD||Sep 2014|
|BCE.PRN||TSX (The Toronto Stock Exchange)||RED PFD 1ST AN||CA||CAD||Apr 2016|
|BCE.PRL||TSX (The Toronto Stock Exchange)||1ST PFD SER AL||CA||CAD||Jan 2017|
BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services. It also provides various 4G LTE and LTE-A smartphones and tablets, mobile Internet hubs and sticks, and mobile Wi-Fi devices, as well as smartwatches, Bell connected cars, trackers, smart homes, lifestyle products, and virtual reality products. The Bell Wireline segment provides data, including Internet access and Internet protocol television; and local telephone, long distance, and other communications services and products. It also provides home security, monitoring, and automation services; and satellite TV and connectivity services. In addition, this segment offers local exchange carrier and telecommunications services; sells wireline-related products; and buys and sells local telephone, long distance, data, and other services from or to resellers, and other carriers. The Bell Media segment provides conventional TV, specialty TV, pay TV, and streaming services; and digital media, radio broadcasting, out-of-home advertising services, sports and other event production, and broadcasting services. It owns and operates approximately 30 conventional TV stations; 33 specialty and Pay TV channels; 3 direct-to-consumer streaming services; 109 licensed radio stations; and 200 Websites and approximately 30 apps. The company was formerly known as Bell Canada Enterprises Inc. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 02:18|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.