Valuation BCE Inc. Toronto S.E.

Stocks

Market Closed - Toronto S.E. 12:25:14 2026-09-17 EDT			5-day change	1st Jan Change
21.47 ^CAD	+0.05%		-0.83%	+8.43%

09-17	BCE Price Target Raised to CA$43 at Desjardins	MT
09-15	PRESS DIGEST-Canada - September 15	RE

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	29,095	-	-
Change	-	-9.29%	-12.27%	-36.13%	0.44%	-4.7%	-	-
Enterprise Value (EV) ¹	89,277	86,023	81,998	70,696	70,765	70,511	68,931	68,219
Change	-	-3.65%	-4.68%	-13.78%	0.1%	-0.36%	-2.24%	-1.03%
P/E	22x	20x	22.9x	185x	4.82x	12x	11.8x	10.5x
PBR	2.64x	2.45x	2.35x	1.78x	1.33x	1.35x	1.29x	1.23x
PEG	-	-59.8x	-1x	-2x	0x	-0.2x	8.76x	0.8x
Capitalization / Revenue	2.55x	2.24x	1.93x	1.25x	1.25x	1.17x	1.15x	1.13x
EV / Revenue	3.81x	3.56x	3.32x	2.9x	2.89x	2.83x	2.72x	2.65x
EV / EBITDA	9.02x	8.43x	7.87x	6.68x	6.64x	6.52x	6.25x	6.03x
EV / EBIT	16.9x	15.7x	14.9x	12.7x	13.1x	13.3x	12.7x	12x
EV / FCF	29.8x	28x	26.1x	24.5x	22.3x	31.6x	19.6x	17.3x
FCF Yield	3.35%	3.57%	3.83%	4.09%	4.49%	3.16%	5.1%	5.78%
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%	5.61%	5.64%	5.71%
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	24,947	25,332	25,792
EBITDA ¹	9,893	10,199	10,417	10,589	10,658	10,810	11,029	11,305
EBIT ¹	5,284	5,476	5,499	5,548	5,420	5,305	5,418	5,667
Net income ¹	2,709	2,716	2,076	163	6,305	2,445	2,513	2,764
Net Debt ¹	29,466	31,771	34,405	40,299	40,234	41,416	39,836	39,125
Reference price ²	65.81	59.49	52.17	33.32	32.74	31.20	31.20	31.20
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
CHINA MOBILE LIMITED	11.08x	1.31x	4.16x	7.01%	223B
VERIZON COMMUNICATIONS, INC.	10.98x	2.58x	6.82x	5.67%	207B
DEUTSCHE TELEKOM AG	14.03x	2.22x	5.13x	3.91%	160B
NTT, INC.	13.92x	1.87x	8.14x	3.02%	92.98B
CHINA TELECOM CORPORATION LIMITED	11.84x	0.88x	3.32x	6.53%	80.46B
AMÉRICA MÓVIL, S.A.B. DE C.V.	11.82x	1.81x	4.56x	2.77%	69.74B
SAUDI TELECOM COMPANY	15.35x	2.69x	8.4x	5.04%	58.22B
SINGAPORE TELECOMMUNICATIONS LIMITED	23.81x	5.38x	19.64x	4.58%	56.66B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	15.19x	2.81x	6.29x	4.33%	51.81B
Average	14.22x	2.39x	7.38x	4.76%	111.06B
Weighted average by Cap.	13.09x	2.16x	6.43x	5.14%