BCE Management
Management criteria checks 3/4
BCE's CEO is Mirko Bibic, appointed in Jan 2020, has a tenure of 6.33 years. total yearly compensation is CA$13.45M, comprised of 10.4% salary and 89.6% bonuses, including company stock and options. directly owns 0.02% of the company’s shares, worth CA$6.18M. The average tenure of the management team and the board of directors is 2.6 years and 7.7 years respectively.
Key information
Mirko Bibic
Chief executive officer
CA$13.5m
Total compensation
| CEO salary percentage | 10.41% |
| CEO tenure | 6.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 2.6yrs |
| Board average tenure | 7.7yrs |
Recent management updates
Recent updates
BCE: AI Data Centres Will Drive Returns Despite Wireless Price War
Analysts have made a modest upward adjustment to the CA$41 Street price target for BCE, highlighting updated views on pricing risk, recent target hikes from several firms, and refined assumptions around revenue growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on BCE reflects a mix of optimism around valuation support and growth projects, alongside fresh concerns about competitive pressure in Canadian telecom.BCE: Price War Risks And AI Data Centres Will Shape 2026 Outlook
Analysts made a modest upward adjustment to the BCE fair value estimate to CA$37.53. This reflects slightly higher assumed revenue growth and profit margin expectations, along with a marginally lower future P/E multiple and a small change in the discount rate, following recent price target increases across several firms and ongoing sector price war concerns.
BCE: Execution Risks Around Profitability Assumptions Will Drive Future Share Pressure
Analysts have nudged BCE's fair value estimate higher to CA$31.00 from CA$30.00, citing recent target hikes into the CA$39 to CA$41 range, as well as updated assumptions around profitability, discount rate, and future P/E as key supports for the change. Analyst Commentary Recent Street research on BCE has featured a mix of supportive and cautious views, with several price target adjustments clustering in the CA$39 to CA$41 range.BCE: Fair Outlook Balances 2026 Guidance With Tight Range Rating Revisions
Analysts have inched their average price target on BCE higher to CA$40, with small tweaks to discount rate and P/E assumptions. These adjustments reflect updated views on risk and valuation inputs rather than big shifts in the core earnings outlook.BCE: Fair Outlook Weighs 2026 Guidance Against Mixed Rating Revisions
Analysts have nudged their fair value estimate for BCE higher to CA$37.38 from CA$37.01, citing recent price target moves around CA$40 and updated assumptions for revenue growth, margins and future P/E as the main drivers of this change. Analyst Commentary Recent research on BCE reflects a mix of cautious tweaks and more constructive moves on valuation, with price targets broadly clustering around the CA$40 mark.BCE: Fair Outlook Balances Mixed Rating Moves And 2026 Guidance
Analysts have nudged their BCE valuation slightly higher, with the fair value estimate moving to $37.01 from $36.47, as they balance mixed price target moves on the Street with updated assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Street research on BCE in recent days has been mixed, with some price targets nudged lower and at least one upgrade.
BCE: Modest Discount Rate Shift Supports Multiyear Outlook And Post Selloff Opportunity
Analysts have made a modest downward adjustment to their BCE price target to about C$40.75. This reflects slightly higher discount rate assumptions and some pressure on profit margins, even as revenue growth expectations and future P/E estimates remain relatively steady.BCE: Recent Upgrades Highlight Multiyear Outlook And Post Selloff Entry Opportunity
Analysts have lifted their price targets on BCE to a range around C$34 to C$37, a C$2 move at the low end, citing a clearer multiyear outlook, an improved growth and risk profile, and what they view as a more appealing entry point after the recent selloff. Analyst Commentary Bullish analysts see the recent round of target changes and upgrades as a reset in how BCE is being valued, with more confidence in the multiyear plan outlined at the investor day.Does BCE (TSE:BCE) Have A Healthy Balance Sheet?
Jan 04
BCE: Multi-Year Outlook Will Shape Risk Profile And Share Performance
Our updated narrative on BCE reflects a modest upward revision in the analyst price target to C$34 from C$32, as analysts point to a clearer multi year growth outlook and an improving risk profile, despite a higher assumed discount rate and lower profit margin expectations. Analyst Commentary Recent Street research on BCE highlights a constructive but still measured stance from the sell side.BCE: Share Price Will Rise On Clearer Outlook And Recent Rating Upgrades
Analysts have nudged their average price target for BCE modestly higher to C$34 to C$37 per share, citing improved confidence in the company’s multi year outlook, a better growth and balance sheet trajectory, and expectations for gradual revenue and EBITDA reacceleration from 2026. Analyst Commentary Recent research updates reflect a more constructive stance on BCE, with several firms lifting ratings and targets as they recalibrate models to the company’s longer term guidance and post selloff valuation.BCE: Share Price Will Rise On Improved Outlook And Recent Upgrades
The analyst price target for BCE has increased modestly, with several firms now seeing improved growth prospects and balance sheet strength. This has led to higher targets such as C$37 from C$35, as analysts cite greater confidence in the company's outlook through 2028.Solid Earnings May Not Tell The Whole Story For BCE (TSE:BCE)
Nov 13BCE: Share Price Will Benefit From Improved Outlook Through 2028
Analysts have raised their price targets for BCE by approximately C$2 to C$3 per share. This reflects increased confidence in the company's improving growth prospects and balance sheet outlook.Improved Long-Term Outlook And Ongoing Risks Will Shape Performance Through 2028
BCE's analyst price target has modestly increased from C$35.97 to C$36.15 as analysts cite improved confidence in the company's long-term outlook and gradual earnings growth following recent upgrades and an encouraging investor day. Analyst Commentary Recent analyst actions reflect a shift in sentiment toward BCE, as well as a recognition of both the company's improved prospects and remaining challenges.High-speed Fiber Expansion And AI Will Transform North American Connectivity
BCE's analyst price target has increased from C$35.41 to C$35.97 as analysts express greater confidence in the company's growth outlook and balance sheet trajectory, following recent upgrades and positive research commentary. Analyst Commentary Recent analyst activity around BCE has been notably positive, reflecting shifting outlooks following the company's recent investor event and quarterly results.High-speed Fiber Expansion And AI Will Transform North American Connectivity
Analysts modestly raised their price targets for BCE reflecting improved long-term growth prospects and synergies from the Ziply acquisition, but maintained a balanced risk-reward view amid stable fundamentals, resulting in no net change to the consensus price target, which remains at CA$35.41. Analyst Commentary Bullish analysts increased price targets following the completion of the Ziply deal, which is expected to enhance BCE's long-term growth prospects.We Think BCE (TSE:BCE) Is Taking Some Risk With Its Debt
Jul 14BCE's (TSE:BCE) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 02
Expanding Fiber Ventures Boost Future Revenue And Margin Transformation In Media And Wireless
BCE's strategic acquisitions and digital shift drive growth and stabilize earnings by enhancing market presence, technology integration, and media revenue.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | CA$13m | CA$1m | CA$6b |
| Sep 30 2025 | n/a | n/a | CA$6b |
| Jun 30 2025 | n/a | n/a | CA$433m |
| Mar 31 2025 | n/a | n/a | CA$391m |
| Dec 31 2024 | CA$13m | CA$1m | CA$163m |
| Sep 30 2024 | n/a | n/a | CA$84m |
| Jun 30 2024 | n/a | n/a | CA$2b |
| Mar 31 2024 | n/a | n/a | CA$2b |
| Dec 31 2023 | CA$13m | CA$1m | CA$2b |
| Sep 30 2023 | n/a | n/a | CA$2b |
| Jun 30 2023 | n/a | n/a | CA$2b |
| Mar 31 2023 | n/a | n/a | CA$3b |
| Dec 31 2022 | CA$14m | CA$1m | CA$3b |
| Sep 30 2022 | n/a | n/a | CA$3b |
| Jun 30 2022 | n/a | n/a | CA$3b |
| Mar 31 2022 | n/a | n/a | CA$3b |
| Dec 31 2021 | CA$11m | CA$1m | CA$3b |
| Sep 30 2021 | n/a | n/a | CA$3b |
| Jun 30 2021 | n/a | n/a | CA$3b |
| Mar 31 2021 | n/a | n/a | CA$2b |
| Dec 31 2020 | CA$9m | CA$1m | CA$2b |
| Sep 30 2020 | n/a | n/a | CA$2b |
| Jun 30 2020 | n/a | n/a | CA$2b |
| Mar 31 2020 | n/a | n/a | CA$3b |
| Dec 31 2019 | CA$5m | CA$750k | CA$3b |
Compensation vs Market: Mirko's total compensation ($USD9.87M) is above average for companies of similar size in the Canadian market ($USD7.51M).
Compensation vs Earnings: Mirko's compensation has been consistent with company performance over the past year.
CEO
Mirko Bibic (57 yo)
6.3yrs
Tenure
CA$13,452,136
Compensation
Mr. Mirko Bibic serves as an Independent Director of Royal Bank of Canada since August 01, 2022. He has been President and Chief Executive Officer of BCE Inc. and Bell Canada since January 6, 2020. Mr. Bib...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6.3yrs | CA$13.45m | 0.020% CA$ 6.2m | |
| Executive VP & CFO | 2.7yrs | CA$3.61m | 0.0025% CA$ 757.4k | |
| Group President of Business Markets | 3.5yrs | CA$6.13m | 0.0048% CA$ 1.4m | |
| Group President of Consumer & Small Business | 11.1yrs | CA$4.48m | 0.0089% CA$ 2.7m | |
| President of Bell Media | 2.5yrs | CA$4.55m | 0.00055% CA$ 167.3k | |
| Executive VP & CTO | 1yr | no data | no data | |
| Executive VP and Chief Information & Customer Experience Officer | 1yr | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Executive VP and Chief Legal & Regulatory Officer | 5.3yrs | no data | 0.0030% CA$ 909.5k | |
| Senior VP of Sales & Vice Chair of Québec | 2.3yrs | no data | 0.0013% CA$ 407.6k | |
| Chief Human Resources Officer & Executive VP of Corporate Services | no data | no data | 0.0026% CA$ 784.8k | |
| Senior VP & Chief Brand Officer | less than a year | no data | 0.0011% CA$ 346.8k |
2.6yrs
Average Tenure
57yo
Average Age
Experienced Management: BCE's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6.3yrs | CA$13.45m | 0.020% CA$ 6.2m | |
| Independent Chair of the Board | 11.5yrs | CA$540.00k | 0.0021% CA$ 651.0k | |
| Independent Director | 10.1yrs | CA$330.00k | 0.0012% CA$ 368.1k | |
| Independent Director | 3.6yrs | CA$265.00k | 0.0064% CA$ 2.0m | |
| Independent Director | 11.5yrs | CA$265.00k | 0.0020% CA$ 605.3k | |
| Independent Director | 9.1yrs | CA$265.00k | 0.00087% CA$ 264.6k | |
| Independent Director | 10.1yrs | CA$330.00k | 0.00021% CA$ 63.9k | |
| Independent Director | 5.1yrs | CA$265.00k | 0.0016% CA$ 501.9k | |
| Independent Director | 6yrs | CA$330.00k | 0.0018% CA$ 556.7k | |
| Independent Director | 10.8yrs | CA$265.00k | 0.00064% CA$ 194.7k | |
| Independent Director | 5.1yrs | CA$265.00k | 0.00019% CA$ 57.8k | |
| Independent Director | 5.5yrs | CA$330.00k | 0.00034% CA$ 103.4k |
7.7yrs
Average Tenure
67yo
Average Age
Experienced Board: BCE's board of directors are considered experienced (7.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 03:34 |
| End of Day Share Price | 2026/05/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BCE Inc. is covered by 29 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amman Saeed | Accountability Research Corporation |
| null null | Argus Research Company |
| David McFadgen | ATB Cormark |