Valuation BCE Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 02:30:00 06/12/2025 am IST			5-day change	1st Jan Change
32.59 ^CAD	+0.56%		-1.00%	-2.19%

26/11	US companies step up job cuts amid uncertain economy	RE
20/11	BCE lays off almost 700 staff - The Globe and Mail	RE

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	30,391	-	-
Change	-	21.51%	-9.29%	-12.27%	-36.13%	-0.02%	-	-
Enterprise Value (EV) ¹	77,326	89,277	86,023	81,998	70,696	70,434	69,197	67,549
Change	-	15.46%	-3.65%	-4.68%	-13.78%	-0.37%	-1.76%	-2.38%
P/E ratio	19.7x	22x	20x	22.9x	185x	4.84x	13.2x	12.6x
PBR	2.35x	2.64x	2.45x	2.35x	1.78x	1.54x	1.46x	1.39x
PEG	-	2.64x	-59.8x	-1x	-2x	0x	-0.2x	3.03x
Capitalization / Revenue	2.15x	2.55x	2.24x	1.93x	1.25x	1.23x	1.2x	1.18x
EV / Revenue	3.38x	3.81x	3.56x	3.32x	2.9x	2.86x	2.73x	2.63x
EV / EBITDA	8.05x	9.02x	8.43x	7.87x	6.68x	6.59x	6.31x	6.08x
EV / EBIT	16.8x	16.9x	15.7x	14.9x	12.7x	12.9x	12.6x	12.3x
EV / FCF	23.1x	29.8x	28x	26.1x	24.5x	21.6x	20.1x	18.3x
FCF Yield	4.33%	3.35%	3.57%	3.83%	4.09%	4.64%	4.97%	5.45%
Dividend per Share ²	3.33	3.5	3.68	3.87	3.99	2.366	1.75	1.763
Rate of return	6.12%	5.32%	6.19%	7.42%	12%	7.26%	5.37%	5.41%
EPS ²	2.76	2.99	2.98	2.28	0.18	6.738	2.477	2.58
Distribution rate	121%	117%	123%	170%	2,217%	35.1%	70.6%	68.3%
Net sales ¹	22,883	23,449	24,174	24,673	24,409	24,627	25,377	25,668
EBITDA ¹	9,607	9,893	10,199	10,417	10,589	10,684	10,965	11,115
EBIT ¹	4,615	5,284	5,476	5,499	5,548	5,480	5,506	5,497
Net income ¹	2,498	2,709	2,716	2,076	163	6,244	2,303	2,434
Net Debt ¹	28,101	29,466	31,771	34,405	40,299	40,043	38,806	37,158
Reference price ²	54.43	65.81	59.49	52.17	33.32	32.59	32.59	32.59
Nbr of stocks (in thousands)	9,04,375	9,08,850	9,11,955	9,12,274	9,12,283	9,32,526	-	-
Announcement Date	04/02/21	03/02/22	02/02/23	08/02/24	06/02/25	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BCE INC.	4.84x	2.86x	6.59x	7.26%	2.19TCr
CHINA MOBILE LIMITED	11.92x	1.41x	4.36x	6.21%	25TCr
VERIZON COMMUNICATIONS, INC.	9.09x	2.27x	6.25x	6.56%	18TCr
DEUTSCHE TELEKOM AG	14.83x	2.2x	5.81x	3.63%	15TCr
CHINA TELECOM CORPORATION LIMITED	14.16x	0.94x	3.41x	5.2%	8.6TCr
NTT, INC.	11.74x	1.7x	6.93x	3.45%	8.14TCr
AMÉRICA MÓVIL, S.A.B. DE C.V.	13.62x	1.95x	4.93x	3.34%	6.5TCr
SINGAPORE TELECOMMUNICATIONS LIMITED	23.01x	5.74x	20.75x	4.06%	5.83TCr
SAUDI TELECOM COMPANY	14.01x	2.6x	8.27x	5.22%	5.63TCr
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	11.79x	2.69x	6.09x	4.67%	4.36TCr
Average	12.90x	2.44x	7.34x	4.96%	9.86TCr
Weighted average by Cap.	12.77x	2.12x	6.40x	5.14%