BCE Stock Overview
BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$65.24|
|52 Week High||CA$67.25|
|52 Week Low||CA$54.18|
|1 Month Change||-0.63%|
|3 Month Change||2.53%|
|1 Year Change||18.32%|
|3 Year Change||14.98%|
|5 Year Change||11.73%|
|Change since IPO||160.96%|
Recent News & Updates
Does BCE (TSE:BCE) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Capital Allocation Trends At BCE (TSE:BCE) Aren't Ideal
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
|BCE||CA Telecom||CA Market|
Return vs Industry: BCE exceeded the Canadian Telecom industry which returned -6.4% over the past year.
Return vs Market: BCE exceeded the Canadian Market which returned 16.1% over the past year.
|BCE Average Weekly Movement||1.4%|
|Telecom Industry Average Movement||6.1%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||3.7%|
Stable Share Price: BCE is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: BCE's weekly volatility (1%) has been stable over the past year.
About the Company
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 through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services.
BCE Fundamentals Summary
|BCE fundamental statistics|
Is BCE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BCE income statement (TTM)|
|Cost of Revenue||CA$13.26b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 03, 2022
|Earnings per share (EPS)||3.04|
|Net Profit Margin||11.83%|
How did BCE perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
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$65.24) is trading below our estimate of fair value (CA$154.85)
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 (21.5x) compared to the North American Telecom industry average (15.1x).
PE vs Market: BCE is poor value based on its PE Ratio (21.5x) compared to the Canadian market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: BCE is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: BCE is overvalued based on its PB Ratio (3.1x) compared to the CA Telecom industry average (2.7x).
How is BCE forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BCE's forecast earnings growth (6.7% per year) is above the savings rate (1.6%).
Earnings vs Market: BCE's earnings (6.7% per year) are forecast to grow slower than the Canadian market (11.3% per year).
High Growth Earnings: BCE's earnings are forecast to grow, but not significantly.
Revenue vs Market: BCE's revenue (3.2% per year) is forecast to grow slower than the Canadian market (5.7% per year).
High Growth Revenue: BCE's revenue (3.2% 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 (15.6%).
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 (11.8%) are higher than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: BCE's earnings have declined by 2.8% per year over the past 5 years.
Accelerating Growth: BCE's earnings growth over the past year (22.2%) exceeds its 5-year average (-2.8% per year).
Earnings vs Industry: BCE earnings growth over the past year (22.2%) underperformed the Telecom industry 22.2%.
Return on Equity
High ROE: BCE's Return on Equity (12.6%) is considered low.
How is BCE's financial position?
Financial Position Analysis
Short Term Liabilities: BCE's short term assets (CA$7.5B) do not cover its short term liabilities (CA$8.0B).
Long Term Liabilities: BCE's short term assets (CA$7.5B) do not cover its long term liabilities (CA$34.8B).
Debt to Equity History and Analysis
Debt Level: BCE's net debt to equity ratio (114.4%) is considered high.
Reducing Debt: BCE's debt to equity ratio has increased from 114.7% to 123.6% over the past 5 years.
Debt Coverage: BCE's debt is well covered by operating cash flow (27.2%).
Interest Coverage: BCE's interest payments on its debt are well covered by EBIT (4.9x coverage).
What is BCE current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BCE's dividend (5.36%) is higher than the bottom 25% of dividend payers in the Canadian market (1.61%).
High Dividend: BCE's dividend (5.36%) is in the top 25% of dividend payers in the Canadian market (4.84%)
Stability and Growth of Payments
Stable Dividend: BCE's dividend payments have been volatile in the past 10 years.
Growing Dividend: BCE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.3%), BCE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BCE's dividends in 3 years are not forecast to be well covered by earnings (104.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mirko Bibic (53 yo)
Mr. Mirko Bibic has been President and Chief Executive Officer BCE and Bell Canada since January 6, 2020. Mr. Bibic served as the Chief Operating Officer at BCE Inc. and Bell Canada since October 4, 2018 u...
CEO Compensation Analysis
Compensation vs Market: Mirko's total compensation ($USD7.52M) is about average for companies of similar size in the Canadian market ($USD6.16M).
Compensation vs Earnings: Mirko's compensation has increased by more than 20% in the past year.
Experienced Management: BCE's management team is seasoned and experienced (6.8 years average tenure).
Experienced Board: BCE's board of directors are considered experienced (5.8 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 employee growth, exchange listings and data sources
- Name: BCE Inc.
- Ticker: BCE
- Exchange: TSX
- Founded: 1880
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Implied Market Cap: CA$59.293b
- Shares outstanding: 908.85m
- Website: https://www.bce.ca
Number of Employees
- BCE Inc.
- Building A
- 4th Floor
- H3E 3B3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/26 23:55|
|End of Day Share Price||2022/01/26 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.