Company Valuation: BCE Inc.

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 26,288 - -
Change - -9.29% -12.27% -36.13% 0.44% -13.9% - -
Enterprise Value (EV) 1 89,277 86,023 81,998 70,696 70,765 68,050 66,740 65,066
Change - -3.65% -4.68% -13.78% 0.1% -3.84% -1.93% -2.51%
P/E 22x 20x 22.9x 185x 4.82x 10.9x 10.7x 9.47x
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 7.59x 0.7x
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 6.3x 6.05x 5.73x
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 16.6x
FCF Yield 3.35% 3.57% 3.83% 4.09% 4.49% 3.28% 5.25% 6.04%
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% 6.21% 6.24% 6.32%
EPS 2 2.99 2.98 2.28 0.18 6.79 2.591 2.627 2.976
Distribution rate 117% 123% 170% 2,217% 34% 67.6% 67% 59.9%
Net sales 1 23,449 24,174 24,673 24,409 24,468 24,923 25,312 25,792
EBITDA 1 9,893 10,199 10,417 10,589 10,658 10,797 11,030 11,354
EBIT 1 5,284 5,476 5,499 5,548 5,420 5,298 5,411 5,656
Net income 1 2,709 2,716 2,076 163 6,305 2,420 2,491 2,766
Net Debt 1 29,466 31,771 34,405 40,299 40,234 41,762 40,452 38,778
Reference price 2 65.81 59.49 52.17 33.32 32.74 28.19 28.19 28.19
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

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.02x1.3x4.14x7.02% 222B
10.13x2.46x6.52x6.16% 190B
12.99x2.12x5.46x4.18% 145B
13.43x1.86x8.09x3.11% 88.6B
11.88x0.89x3.32x6.43% 80.71B
11.88x1.83x4.6x2.73% 67.16B
14.92x2.68x8.36x5.13% 57.19B
23.11x5.32x19.41x4.71% 54.84B
14.68x2.7x6.01x4.42% 50.62B
Average 13.78x 2.35x 7.32x 4.88% 106.27B
Weighted average by Cap. 12.62x 2.10x 6.37x 5.32%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BCE Inc.

Historical PBR trend

Valuation ratios - PBR - BCE Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BCE Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BCE Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - BCE Inc.