BCE Inc.

TSX:BCE Stock Report

Market Cap: CA$30.4b

BCE Past Earnings Performance

Past criteria checks 0/6

BCE's earnings have been declining at an average annual rate of -10.5%, while the Telecom industry saw earnings declining at 1.1% annually. Revenues have been growing at an average rate of 1.3% per year. BCE's return on equity is 1.7%, and it has net margins of 0.3%.

Key information

-10.5%

Earnings growth rate

-10.8%

EPS growth rate

Telecom Industry Growth1.8%
Revenue growth rate1.3%
Return on equity1.7%
Net Margin0.3%
Next Earnings Update08 May 2025

Recent past performance updates

BCE's (TSE:BCE) Conservative Accounting Might Explain Soft Earnings

Nov 14
BCE's (TSE:BCE) Conservative Accounting Might Explain Soft Earnings

Recent updates

BCE's (TSE:BCE) Conservative Accounting Might Explain Soft Earnings

Nov 14
BCE's (TSE:BCE) Conservative Accounting Might Explain Soft Earnings

These 4 Measures Indicate That BCE (TSE:BCE) Is Using Debt Extensively

Aug 20
These 4 Measures Indicate That BCE (TSE:BCE) Is Using Debt Extensively

BCE Inc. Just Missed EPS By 5.7%: Here's What Analysts Think Will Happen Next

Aug 05
BCE Inc. Just Missed EPS By 5.7%: Here's What Analysts Think Will Happen Next

Investors Interested In BCE Inc.'s (TSE:BCE) Earnings

Jul 27
Investors Interested In BCE Inc.'s (TSE:BCE) Earnings

Here's What To Make Of BCE's (TSE:BCE) Decelerating Rates Of Return

Jun 24
Here's What To Make Of BCE's (TSE:BCE) Decelerating Rates Of Return

BCE (TSE:BCE) Takes On Some Risk With Its Use Of Debt

May 09
BCE (TSE:BCE) Takes On Some Risk With Its Use Of Debt

Revenue & Expenses Breakdown

How BCE makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:BCE Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2424,4608421890
30 Jun 2424,5691,96121890
31 Mar 2424,6301,75321890
31 Dec 2324,6732,07621890
30 Sep 2324,6392,22222057
30 Jun 2324,5832,29722057
31 Mar 2324,3782,56422057
31 Dec 2224,1742,71622057
30 Sep 2223,9442,8132130
30 Jun 2223,7562,8552130
31 Mar 2223,5932,9442130
31 Dec 2123,4492,7092130
30 Sep 2123,3422,7622410
30 Jun 2123,2932,6912410
31 Mar 2122,9492,2392410
31 Dec 2022,8832,2722410
30 Sep 2023,0562,2612360
30 Jun 2023,2092,4342360
31 Mar 2023,7442,9552360
31 Dec 1923,7933,0112360
30 Sep 1923,7332,9503520
30 Jun 1923,6702,9053520
31 Mar 1923,5672,8553520
31 Dec 1823,4682,7853520
30 Sep 1823,2892,8353990
30 Jun 1823,1092,8243990
31 Mar 1823,0112,8853990
31 Dec 1722,7572,8663990
30 Sep 1722,4232,8673530
30 Jun 1722,1332,8163530
31 Mar 1721,7852,8293530
31 Dec 1621,7192,8943530
30 Sep 1621,6202,7333400
30 Jun 1621,5582,7203400
31 Mar 1621,5442,7013400
31 Dec 1521,5142,5263400
30 Sep 1521,4392,5723350
30 Jun 1521,2892,4333350
31 Mar 1521,1832,2803350
31 Dec 1421,0422,3633350
30 Sep 1420,8962,3163000
30 Jun 1420,8002,0593000
31 Mar 1420,5802,0243000
31 Dec 1320,4001,9753000

Quality Earnings: BCE has a large one-off loss of CA$2.6B impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: BCE's current net profit margins (0.3%) are lower than last year (9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BCE's earnings have declined by 10.5% per year over the past 5 years.

Accelerating Growth: BCE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BCE had negative earnings growth (-96.2%) over the past year, making it difficult to compare to the Telecom industry average (-1.9%).

Return on Equity

High ROE: BCE's Return on Equity (1.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 11:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

BCE Inc. is covered by 40 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.

AnalystInstitution
Mark RosenAccountability Research Corporation
Amman SaeedAccountability Research Corporation
null nullArgus Research Company