Valuation BCE Inc. Toronto S.E.

Stocks

Delayed Toronto S.E. 10:39:46 2026-08-18 EDT			5-day change	1st Jan Change
22.50 ^CAD	+0.27%		+0.63%	+12.50%

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	30,223	-	-
Change	-	-9.29%	-12.27%	-36.13%	0.44%	-1.01%	-	-
Enterprise Value (EV) ¹	89,277	86,023	81,998	70,696	70,765	71,411	69,696	68,453
Change	-	-3.65%	-4.68%	-13.78%	0.1%	0.91%	-2.4%	-1.78%
P/E	22x	20x	22.9x	185x	4.82x	12.6x	12.5x	11.2x
PBR	2.64x	2.45x	2.35x	1.78x	1.33x	1.4x	1.34x	1.28x
PEG	-	-59.8x	-1x	-2x	0x	-0.2x	121.72x	0.9x
Capitalization / Revenue	2.55x	2.24x	1.93x	1.25x	1.25x	1.21x	1.19x	1.17x
EV / Revenue	3.81x	3.56x	3.32x	2.9x	2.89x	2.86x	2.75x	2.66x
EV / EBITDA	9.02x	8.43x	7.87x	6.68x	6.64x	6.61x	6.32x	6.04x
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	32x	19.6x	17.4x
FCF Yield	3.35%	3.57%	3.83%	4.09%	4.49%	3.12%	5.1%	5.75%
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%	5.4%	5.43%	5.49%
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	32.41	32.41	32.41
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.($)
CHINA MOBILE LIMITED	11.63x	1.37x	4.27x	6.8%	231B
VERIZON COMMUNICATIONS, INC.	10.58x	2.53x	6.69x	5.88%	200B
DEUTSCHE TELEKOM AG	13.7x	2.21x	5.68x	3.97%	158B
CHINA TELECOM CORPORATION LIMITED	12.05x	0.91x	3.48x	6.51%	84.4B
NTT, INC.	12.87x	1.81x	7.75x	3.29%	82.53B
AMÉRICA MÓVIL, S.A.B. DE C.V.	11.54x	1.82x	4.59x	2.73%	71.09B
SAUDI TELECOM COMPANY	15.17x	2.65x	8.29x	5.06%	57.98B
SINGAPORE TELECOMMUNICATIONS LIMITED	23.95x	5.41x	19.77x	4.37%	57.01B
ORANGE	12.09x	1.79x	5.42x	4.85%	49.86B
Average	13.73x	2.28x	7.33x	4.83%	110.16B
Weighted average by Cap.	12.82x	2.10x	6.41x	5.22%