OTCPK:BECE.F

Stock Analysis Report

Executive Summary

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada.

Snowflake

Fundamentals

Average dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has BCE's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:BECE.F

-2.9%

US Telecom

-0.02%

US Market


1 Year Return

n/a

OTCPK:BECE.F

7.9%

US Telecom

1.6%

US Market

No trading data on BECE.F.

No trading data on BECE.F.


Share holder returns

BECE.FIndustryMarket
7 Day0%-2.9%-0.02%
30 Day-5.7%4.4%2.7%
90 Day-7.3%8.4%1.4%
1 Yearn/a13.6%7.9%3.8%1.6%
3 Yearn/a15.6%-1.2%45.2%35.8%
5 Yearn/a33.5%2.9%61.8%44.1%

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

No news available

Valuation

Is BCE undervalued based on future cash flows and its price relative to the stock market?

42%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

BCE's share price is below the future cash flow value, and at a moderate discount (> 20%).

BCE's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

BCE is overvalued based on earnings compared to the US Telecom industry average.

BCE is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

BCE is poor value based on expected growth next year.


Price Based on Value of Assets

BCE is overvalued based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is BCE expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BCE's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

BCE's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).

BCE's revenue growth is positive but not above the United States of America market average.

BCE's earnings growth is positive but not above the United States of America market average.

BCE's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

BCE is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has BCE performed over the past 5 years?

5.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

BCE's year on year earnings growth rate has been positive over the past 5 years.

BCE's 1-year earnings growth is less than its 5-year average (3.4% vs 5.1%)

BCE's earnings growth has exceeded the US Telecom industry average in the past year (3.4% vs -18%).


Return on Equity

BCE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

BCE used its assets more efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

BCE's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is BCE's financial position?


Financial Position Analysis

BCE's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

BCE's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

BCE's level of debt (124.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (105.8% vs 124.8% today).

Debt is well covered by operating cash flow (29.1%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

What is BCE's current dividend yield, its reliability and sustainability?

5.10%

Expected Dividend Yield


Dividend Yield and Payments Analysis

BCE's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

BCE's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.3x coverage).


Next Steps

Management

What is the CEO of BCE's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average management tenure


CEO

George Cope (57yo)

11.2yrs

Tenure

CA$12,014,442

Compensation

Mr. George Alexander Cope, O.C. C.M., has been the President of Bell Canada, Inc. since January 19, 2006 and has also been its Chief Executive Officer since July 11, 2008. Mr. Cope has been the President a ...


CEO Compensation Analysis

George's remuneration is about average for companies of similar size in United States of America.

George's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.5yrs

Average Tenure

57yo

Average Age

The average tenure for the BCE management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.8yrs

Average Tenure

66yo

Average Age

The tenure for the BCE board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • George Cope (57yo)

    President

    • Tenure: 11.2yrs
    • Compensation: CA$12.01m
  • Wade Oosterman (58yo)

    Vice Chair & Group President

    • Tenure: 4.4yrs
    • Compensation: CA$6.86m
  • Martine Turcotte (58yo)

    Vice Chairman of Quebec

    • Tenure: 11.2yrs
  • John Watson (55yo)

    Executive Vice President of Customer Experience - Bell Canada

    • Tenure: 0yrs
    • Compensation: CA$3.32m
  • Michel Lalande

    Senior VP

    • Tenure: 0yrs
  • Glen LeBlanc (51yo)

    Executive VP & CFO

    • Tenure: 4.2yrs
    • Compensation: CA$6.69m
  • Michael Cole

    Executive VP & Chief Information Officer of Bell Canada

    • Tenure: 0yrs
  • Mirko Bibic

    Chief Operating Officer

    • Tenure: 0.9yrs
    • Compensation: CA$4.15m
  • Tom Little

    President of Bell Business Markets - Bell Canada

    • Tenure: 8.7yrs
    • Compensation: CA$3.46m
  • Thane Fotopoulos

    Vice President of Investor Relations

    • Tenure: 0yrs

Board Members

  • George Cope (57yo)

    President

    • Tenure: 11.2yrs
    • Compensation: CA$12.01m
  • Gord Nixon (62yo)

    Chair of the Board

    • Tenure: 3.4yrs
    • Compensation: CA$425.00k
  • Barry Allen (70yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: CA$225.00k
  • Ian Greenberg (77yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: CA$205.00k
  • Karen Sheriff (61yo)

    Corporate Director

    • Tenure: 2.4yrs
    • Compensation: CA$197.50k
  • Bob Simmonds (65yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: CA$205.00k
  • Sophie Brochu (55yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: CA$205.00k
  • David Denison (67yo)

    Independent Director

    • Tenure: 6.9yrs
    • Compensation: CA$225.00k
  • Bob Brown (74yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: CA$250.00k
  • Paul Weiss (71yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: CA$250.00k

Company Information

BCE Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BCE Inc.
  • Ticker: BECE.F
  • Exchange: OTCPK
  • Founded: 1880
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: CA$57.605b
  • Listing Market Cap: CA$43.406b
  • Shares outstanding: 900.08m
  • Website: https://www.bce.ca

Number of Employees


Location

  • BCE Inc.
  • Building A
  • 8th Floor
  • Verdun
  • Quebec
  • H3E 3B3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCENYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1968
BCE1DB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968
BCETSX (The Toronto Stock Exchange)YesCommon SharesCACADJan 1968
BCE.PRSTSX (The Toronto Stock Exchange)PFD 1ST S%CACADOct 1996
BCE.PRYTSX (The Toronto Stock Exchange)PFD 1ST SER YCACADDec 1997
BCEF.FOTCPK (Pink Sheets LLC)PFD 1ST SER YUSUSDDec 1997
BCE.PRRTSX (The Toronto Stock Exchange)PFD 1ST SER RCACADNov 2000
BCE.PRATSX (The Toronto Stock Exchange)PFD 1ST SER AACACADMar 2002
BCE.PRZTSX (The Toronto Stock Exchange)PFD 1ST SER ZCACADNov 2002
BCE.PRCTSX (The Toronto Stock Exchange)PFD 1ST SER ACCACADFeb 2003
BCE.PRTTSX (The Toronto Stock Exchange)PFD 1ST SER TCACADOct 2006
BCE.PRFTSX (The Toronto Stock Exchange)PFD 1ST CL AFCACADFeb 2007
BECE.FOTCPK (Pink Sheets LLC)PFD 1ST CL AHUSUSDFeb 2007
BCE.PRGTSX (The Toronto Stock Exchange)PFD 1ST CL AGCACADFeb 2007
BCE.PRETSX (The Toronto Stock Exchange)PFD 1ST CL AECACADFeb 2007
BCE.PRHTSX (The Toronto Stock Exchange)PFD 1ST CL AHCACADFeb 2007
BCE.PRBTSX (The Toronto Stock Exchange)PFD SHS SER ABCACADAug 2007
BCE.PRDTSX (The Toronto Stock Exchange)RED 1ST PFD ADCACADFeb 2008
BCE.PRKTSX (The Toronto Stock Exchange)1ST PFD SER AKCACADJul 2011
BCE.PRJTSX (The Toronto Stock Exchange)PFD CL A-AJCACADAug 2011
BCE.PRMTSX (The Toronto Stock Exchange)1ST PFD SER AMCACADSep 2014
BCE.PROTSX (The Toronto Stock Exchange)1SR PFD SER AOCACADSep 2014
BCE.PRQTSX (The Toronto Stock Exchange)1SR PFD SER AQCACADSep 2014
BCE.PRNTSX (The Toronto Stock Exchange)RED PFD 1ST ANCACADApr 2016
BCE.PRLTSX (The Toronto Stock Exchange)1ST PFD SER ALCACADJan 2017

Biography

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 segme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 00:24
End of Day Share Price2019/08/29 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.