Valuation BCE Inc.

Stocks

Market Closed - Toronto S.E. 16:00:00 2026-10-05 EDT			5-day change	1st Jan Change
28.15 ^CAD	-0.07%		-3.56%	-14.02%

09-29	TSX Closer: Index Edges Lower as the Telecom and Energy Sectors Weaken	MT
09-29	BCE Signs MOU With Cisco to Collaborate on Sovereign AI Infrastructure for Canada	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	26,251	-	-
Change	-	-9.29%	-12.27%	-36.13%	0.44%	-14.02%	-	-
Enterprise Value (EV) ¹	89,277	86,023	81,998	70,696	70,765	68,012	66,699	65,018
Change	-	-3.65%	-4.68%	-13.78%	0.1%	-3.89%	-1.93%	-2.52%
P/E	22x	20x	22.9x	185x	4.82x	10.8x	10.6x	9.46x
PBR	2.64x	2.45x	2.35x	1.78x	1.33x	1.22x	1.17x	1.11x
PEG	-	-59.8x	-1x	-2x	0x	-0.2x	7.87x	0.8x
Capitalization / Revenue	2.55x	2.24x	1.93x	1.25x	1.25x	1.05x	1.04x	1.02x
EV / Revenue	3.81x	3.56x	3.32x	2.9x	2.89x	2.73x	2.64x	2.52x
EV / EBITDA	9.02x	8.43x	7.87x	6.68x	6.64x	6.29x	6.04x	5.72x
EV / EBIT	16.9x	15.7x	14.9x	12.7x	13.1x	12.8x	12.3x	11.5x
EV / FCF	29.8x	28x	26.1x	24.5x	22.3x	30.5x	19x	16.5x
FCF Yield	3.35%	3.57%	3.83%	4.09%	4.49%	3.28%	5.26%	6.06%
Dividend per Share ²	3.5	3.68	3.87	3.99	2.31	1.751	1.76	1.782
Rate of return	5.32%	6.19%	7.42%	12%	7.06%	6.22%	6.25%	6.33%
EPS ²	2.99	2.98	2.28	0.18	6.79	2.61	2.646	2.975
Distribution rate	117%	123%	170%	2,217%	34%	67.1%	66.5%	59.9%
Net sales ¹	23,449	24,174	24,673	24,409	24,468	24,925	25,311	25,758
EBITDA ¹	9,893	10,199	10,417	10,589	10,658	10,804	11,038	11,358
EBIT ¹	5,284	5,476	5,499	5,548	5,420	5,302	5,416	5,667
Net income ¹	2,709	2,716	2,076	163	6,305	2,435	2,505	2,764
Net Debt ¹	29,466	31,771	34,405	40,299	40,234	41,761	40,448	38,768
Reference price ²	65.81	59.49	52.17	33.32	32.74	28.15	28.15	28.15
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.	10.79x	2.72x	6.28x	6.22%	18.43B
CHINA MOBILE LIMITED	11x	1.3x	4.13x	7.03%	222B
VERIZON COMMUNICATIONS, INC.	10.15x	2.47x	6.53x	6.14%	191B
DEUTSCHE TELEKOM AG	12.78x	2.14x	5.49x	4.24%	143B
NTT, INC.	13.3x	1.84x	8.01x	3.15%	87.71B
CHINA TELECOM CORPORATION LIMITED	11.68x	0.9x	3.36x	6.54%	80.58B
AMÉRICA MÓVIL, S.A.B. DE C.V.	11.49x	1.77x	4.48x	2.85%	63.93B
SAUDI TELECOM COMPANY	14.84x	2.65x	8.25x	5.16%	56.92B
SINGAPORE TELECOMMUNICATIONS LIMITED	22.87x	5.28x	19.27x	4.78%	54.26B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	14.49x	2.69x	6.01x	4.48%	50.15B
Average	13.34x	2.38x	7.18x	5.06%	96.79B
Weighted average by Cap.	12.46x	2.10x	6.34x	5.39%