Valuation BCE Inc.

Stocks

Market Closed - Toronto S.E. 16:00:00 2026-08-25 EDT			5-day change	1st Jan Change
32.59 ^CAD	-1.18%		+0.56%	-0.46%

08-11	BCE Upgraded to Buy, Price Target Lifted by BofA Securities	MT
08-11	BofA Securities Upgrades BCE to Buy From Underperform, Adjusts PT to CA$38 From CA$34	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	59,811	54,252	47,593	30,397	30,531	30,391	-	-
Change	-	-9.29%	-12.27%	-36.13%	0.44%	-0.46%	-	-
Enterprise Value (EV) ¹	89,277	86,023	81,998	70,696	70,765	71,578	69,864	68,621
Change	-	-3.65%	-4.68%	-13.78%	0.1%	1.15%	-2.4%	-1.78%
P/E	22x	20x	22.9x	185x	4.82x	12.6x	12.6x	11.3x
PBR	2.64x	2.45x	2.35x	1.78x	1.33x	1.41x	1.35x	1.28x
PEG	-	-59.8x	-1x	-2x	0x	-0.2x	122.69x	1x
Capitalization / Revenue	2.55x	2.24x	1.93x	1.25x	1.25x	1.22x	1.2x	1.18x
EV / Revenue	3.81x	3.56x	3.32x	2.9x	2.89x	2.87x	2.76x	2.67x
EV / EBITDA	9.02x	8.43x	7.87x	6.68x	6.64x	6.63x	6.33x	6.05x
EV / EBIT	16.9x	15.7x	14.9x	12.7x	13.1x	14.1x	12.9x	12.1x
EV / FCF	29.8x	28x	26.1x	24.5x	22.3x	32.1x	19.7x	17.4x
FCF Yield	3.35%	3.57%	3.83%	4.09%	4.49%	3.12%	5.09%	5.73%
Dividend per Share ²	3.5	3.68	3.87	3.99	2.31	1.75	1.761	1.78
Rate of return	5.32%	6.19%	7.42%	12%	7.06%	5.37%	5.4%	5.46%
EPS ²	2.99	2.98	2.28	0.18	6.79	2.58	2.583	2.888
Distribution rate	117%	123%	170%	2,217%	34%	67.8%	68.2%	61.6%
Net sales ¹	23,449	24,174	24,673	24,409	24,468	24,949	25,300	25,747
EBITDA ¹	9,893	10,199	10,417	10,589	10,658	10,801	11,035	11,338
EBIT ¹	5,284	5,476	5,499	5,548	5,420	5,070	5,409	5,672
Net income ¹	2,709	2,716	2,076	163	6,305	2,428	2,469	2,685
Net Debt ¹	29,466	31,771	34,405	40,299	40,234	41,187	39,473	38,230
Reference price ²	65.81	59.49	52.17	33.32	32.74	32.59	32.59	32.59
Nbr of stocks (in thousands)	908,850	911,955	912,274	912,283	932,526	932,526	-	-
Announcement Date	2/3/22	2/2/23	2/8/24	2/6/25	2/5/26	-	-	-

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.	12.78x	2.88x	6.66x	5.31%	22.23B
CHINA MOBILE LIMITED	11.63x	1.37x	4.32x	6.8%	231B
VERIZON COMMUNICATIONS, INC.	11.04x	2.59x	6.85x	5.63%	208B
DEUTSCHE TELEKOM AG	14.03x	2.24x	5.75x	3.88%	163B
NTT, INC.	13.25x	1.79x	7.67x	3.19%	85.22B
CHINA TELECOM CORPORATION LIMITED	12.8x	0.95x	3.56x	6.02%	83.28B
AMÉRICA MÓVIL, S.A.B. DE C.V.	11.99x	1.82x	4.6x	2.73%	71.48B
SAUDI TELECOM COMPANY	15.59x	2.72x	8.51x	4.98%	58.99B
SINGAPORE TELECOMMUNICATIONS LIMITED	23.73x	5.36x	19.61x	4.52%	56.81B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	15.78x	2.78x	6.22x	4.4%	51.04B
Average	14.26x	2.45x	7.38x	4.74%	103.16B
Weighted average by Cap.	13.27x	2.19x	6.52x	5.08%