Valuation BCE Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 02:30:00 12/02/2026 am IST			5-day change	1st Jan Change
34.80 ^CAD	-0.60%		-3.20%	+6.29%

10/02	Bell announces offering of CDN $1.5 billion aggregate principal amount of hybrid notes	RE
09/02	CIBC on BCE's U.S. Fiber Strategy	MT

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	32,451	32,451	-
Change	-	21.51%	-9.29%	-12.27%	-36.13%	6.76%	0%	-
Enterprise Value (EV) ¹	77,326	89,277	86,023	81,998	70,696	70,765	72,507	71,062
Change	-	15.46%	-3.65%	-4.68%	-13.78%	0.1%	0.01%	-1.99%
P/E ratio	19.7x	22x	20x	22.9x	185x	4.82x	14.1x	13.7x
PBR	2.35x	2.64x	2.45x	2.35x	1.78x	1.33x	1.54x	1.47x
PEG	-	2.64x	-59.8x	-1x	-2x	0x	-0.2x	4.89x
Capitalization / Revenue	2.15x	2.55x	2.24x	1.93x	1.25x	1.25x	1.29x	1.28x
EV / Revenue	3.38x	3.81x	3.56x	3.32x	2.9x	2.89x	2.88x	2.8x
EV / EBITDA	8.05x	9.02x	8.43x	7.87x	6.68x	6.64x	6.68x	6.45x
EV / EBIT	16.8x	16.9x	15.7x	14.9x	12.7x	13.1x	13.4x	12.9x
EV / FCF	23.1x	29.8x	28x	26.1x	24.5x	22.3x	21.5x	19.6x
FCF Yield	4.33%	3.35%	3.57%	3.83%	4.09%	4.49%	4.64%	5.11%
Dividend per Share ²	3.33	3.5	3.68	3.87	3.99	2.31	1.75	1.761
Rate of return	6.12%	5.32%	6.19%	7.42%	12%	7.06%	5.03%	5.06%
EPS ²	2.76	2.99	2.98	2.28	0.18	6.79	2.474	2.543
Distribution rate	121%	117%	123%	170%	2,217%	34%	70.7%	69.2%
Net sales ¹	22,883	23,449	24,174	24,673	24,409	24,468	25,137	25,406
EBITDA ¹	9,607	9,893	10,199	10,417	10,589	10,658	10,860	11,023
EBIT ¹	4,615	5,284	5,476	5,499	5,548	5,420	5,423	5,489
Net income ¹	2,498	2,709	2,716	2,076	163	6,305	2,309	2,369
Net Debt ¹	28,101	29,466	31,771	34,405	40,299	40,234	40,056	38,611
Reference price ²	54.43	65.81	59.49	52.17	33.32	34.80	34.80	34.80
Nbr of stocks (in thousands)	9,04,375	9,08,850	9,11,955	9,12,274	9,12,283	9,32,500	9,32,500	-
Announcement Date	04/02/21	03/02/22	02/02/23	08/02/24	06/02/25	05/02/26	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BCE INC.	5.21x	2.95x	6.8x	6.8%	2.39TCr
CHINA MOBILE LIMITED	10.49x	1.22x	3.77x	7.13%	22TCr
VERIZON COMMUNICATIONS, INC.	10.88x	2.51x	6.93x	5.58%	21TCr
DEUTSCHE TELEKOM AG	16.21x	2.32x	6.26x	3.31%	17TCr
NTT, INC.	12.15x	1.72x	7.19x	3.47%	8.18TCr
CHINA TELECOM CORPORATION LIMITED	11.35x	0.79x	2.89x	6.51%	7.3TCr
AMÉRICA MÓVIL, S.A.B. DE C.V.	14.02x	1.99x	5.01x	2.57%	7.07TCr
SINGAPORE TELECOMMUNICATIONS LIMITED	29.41x	6.19x	22.37x	3.73%	6.5TCr
SAUDI TELECOM COMPANY	14.83x	2.77x	8.73x	4.96%	5.93TCr
ORANGE	29.94x	1.85x	6.02x	4.47%	5.42TCr
Average	15.45x	2.43x	7.60x	4.85%	10.26TCr
Weighted average by Cap.	14.31x	2.20x	6.77x	5.04%