Valuation BCE Inc. Toronto S.E.

Stocks

Market Closed - Toronto S.E. 10:32:59 2026-09-11 EDT			5-day change	1st Jan Change
25.45 ^CAD	-0.16%		-0.20%	-

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	30,205	-	-
Change	-	-9.29%	-12.27%	-36.13%	0.44%	-1.07%	-	-
Enterprise Value (EV) ¹	89,277	86,023	81,998	70,696	70,765	71,619	69,907	69,329
Change	-	-3.65%	-4.68%	-13.78%	0.1%	1.21%	-2.39%	-0.83%
P/E	22x	20x	22.9x	185x	4.82x	12.4x	12.2x	10.9x
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	9.06x	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	2.87x	2.76x	2.7x
EV / EBITDA	9.02x	8.43x	7.87x	6.68x	6.64x	6.62x	6.33x	6.12x
EV / EBIT	16.9x	15.7x	14.9x	12.7x	13.1x	14.1x	12.9x	12.2x
EV / FCF	29.8x	28x	26.1x	24.5x	22.3x	32.1x	19.7x	17.6x
FCF Yield	3.35%	3.57%	3.83%	4.09%	4.49%	3.11%	5.09%	5.69%
Dividend per Share ²	3.5	3.68	3.87	3.99	2.31	1.751	1.761	1.782
Rate of return	5.32%	6.19%	7.42%	12%	7.06%	5.41%	5.44%	5.5%
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%	66.6%	59.9%
Net sales ¹	23,449	24,174	24,673	24,409	24,468	24,953	25,300	25,721
EBITDA ¹	9,893	10,199	10,417	10,589	10,658	10,811	11,039	11,333
EBIT ¹	5,284	5,476	5,499	5,548	5,420	5,071	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	41,414	39,702	39,125
Reference price ²	65.81	59.49	52.17	33.32	32.74	32.39	32.39	32.39
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	11.02x	1.31x	4.14x	7.04%	222B
VERIZON COMMUNICATIONS, INC.	11.14x	2.6x	6.88x	5.58%	210B
DEUTSCHE TELEKOM AG	13.9x	2.18x	5.62x	3.94%	159B
NTT, INC.	13.81x	1.86x	8.11x	3.04%	93.15B
CHINA TELECOM CORPORATION LIMITED	11.83x	0.89x	3.34x	6.53%	80.78B
AMÉRICA MÓVIL, S.A.B. DE C.V.	11.48x	1.77x	4.47x	2.85%	68.4B
SAUDI TELECOM COMPANY	15.37x	2.7x	8.42x	5.03%	58.31B
SINGAPORE TELECOMMUNICATIONS LIMITED	24.24x	5.47x	19.96x	4.5%	57.98B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	15.13x	2.8x	6.27x	4.35%	51.61B
Average	14.21x	2.40x	7.47x	4.76%	111.33B
Weighted average by Cap.	13.09x	2.16x	6.55x	5.14%