Company Valuation: BCE Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 49,225 59,811 54,252 47,593 30,397 29,959 - -
Change - 21.51% -9.29% -12.27% -36.13% -1.44% - -
Enterprise Value (EV) 1 77,326 89,277 86,023 81,998 70,696 70,437 69,042 66,520
Change - 15.46% -3.65% -4.68% -13.78% -0.37% -1.98% -3.65%
P/E ratio 19.7x 22x 20x 22.9x 185x 13x 13.4x 11.4x
PBR 2.35x 2.64x 2.45x 2.35x 1.78x 2.03x 1.87x 1.73x
PEG - 2.64x -59.8x -1x -2x 0x -4.58x 0.7x
Capitalization / Revenue 2.15x 2.55x 2.24x 1.93x 1.25x 1.24x 1.21x 1.21x
EV / Revenue 3.38x 3.81x 3.56x 3.32x 2.9x 2.91x 2.78x 2.68x
EV / EBITDA 8.05x 9.02x 8.43x 7.87x 6.68x 6.74x 6.45x 6.19x
EV / EBIT 16.8x 16.9x 15.7x 14.9x 12.7x 14.1x 13.8x 12.4x
EV / FCF 23.1x 29.8x 28x 26.1x 24.5x 21.3x 19.6x 18.1x
FCF Yield 4.33% 3.35% 3.57% 3.83% 4.09% 4.69% 5.12% 5.52%
Dividend per Share 2 3.33 3.5 3.68 3.87 3.99 2.366 1.759 1.76
Rate of return 6.12% 5.32% 6.19% 7.42% 12% 7.28% 5.41% 5.42%
EPS 2 2.76 2.99 2.98 2.28 0.18 2.505 2.432 2.856
Distribution rate 121% 117% 123% 170% 2,217% 94.4% 72.3% 61.6%
Net sales 1 22,883 23,449 24,174 24,673 24,409 24,197 24,795 24,839
EBITDA 1 9,607 9,893 10,199 10,417 10,589 10,456 10,700 10,743
EBIT 1 4,615 5,284 5,476 5,499 5,548 4,981 4,987 5,352
Net income 1 2,498 2,709 2,716 2,076 163 2,289 2,243 2,690
Net Debt 1 28,101 29,466 31,771 34,405 40,299 40,478 39,083 36,561
Reference price 2 54.43 65.81 59.49 52.17 33.32 32.50 32.50 32.50
Nbr of stocks (in thousands) 9,04,375 9,08,850 9,11,955 9,12,274 9,12,283 9,21,825 - -
Announcement Date 04/02/21 03/02/22 02/02/23 08/02/24 06/02/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.97x2.91x6.74x7.28% 2.18TCr
11.94x1.42x4.38x6.3% 24TCr
16.35x2.34x6.02x3.41% 17TCr
8.89x2.25x6.16x6.69% 17TCr
13.64x1.05x3.88x5.43% 9.26TCr
11.24x1.66x6.61x3.54% 8.41TCr
15x2.52x8.01x5.26% 5.54TCr
22.47x5.3x19.36x4.31% 5.37TCr
10.1x2.68x6.47x-.--% 5.28TCr
10.57x1.73x4.36x3.9% 5.18TCr
Average 13.32x 2.38x 7.20x 4.61% 10.01TCr
Weighted average by Cap. 12.86x 2.09x 6.27x 4.96%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield