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 26,568 - -
Change - -9.29% -12.27% -36.13% 0.44% -12.98% - -
Enterprise Value (EV) 1 89,277 86,023 81,998 70,696 70,765 68,124 65,819 64,547
Change - -3.65% -4.68% -13.78% 0.1% -3.73% -3.38% -1.93%
P/E 22x 20x 22.9x 185x 4.82x 10.9x 10.5x 9.58x
PBR 2.64x 2.45x 2.35x 1.78x 1.33x 1.28x 1.22x 1.15x
PEG - -59.8x -1x -2x 0x -0.2x 2.67x 1.03x
Capitalization / Revenue 2.55x 2.24x 1.93x 1.25x 1.25x 1.07x 1.05x 1.03x
EV / Revenue 3.81x 3.56x 3.32x 2.9x 2.89x 2.74x 2.61x 2.5x
EV / EBITDA 9.02x 8.43x 7.87x 6.68x 6.64x 6.32x 5.98x 5.69x
EV / EBIT 16.9x 15.7x 14.9x 12.7x 13.1x 12.8x 12.2x 11.5x
EV / FCF 29.8x 28x 26.1x 24.5x 22.3x 30.6x 19x 16.4x
FCF Yield 3.35% 3.57% 3.83% 4.09% 4.49% 3.27% 5.26% 6.11%
Dividend per Share 2 3.5 3.68 3.87 3.99 2.31 1.751 1.759 1.782
Rate of return 5.32% 6.19% 7.42% 12% 7.06% 6.15% 6.17% 6.25%
EPS 2 2.99 2.98 2.28 0.18 6.79 2.616 2.719 2.973
Distribution rate 117% 123% 170% 2,217% 34% 66.9% 64.7% 59.9%
Net sales 1 23,449 24,174 24,673 24,409 24,468 24,895 25,260 25,772
EBITDA 1 9,893 10,199 10,417 10,589 10,658 10,777 11,002 11,342
EBIT 1 5,284 5,476 5,499 5,548 5,420 5,339 5,417 5,630
Net income 1 2,709 2,716 2,076 163 6,305 2,484 2,619 2,753
Net Debt 1 29,466 31,771 34,405 40,299 40,234 41,556 39,251 37,979
Reference price 2 65.81 59.49 52.17 33.32 32.74 28.49 28.49 28.49
Nbr of stocks (in thousands) 908,850 911,955 912,274 912,283 932,526 932,526 - -
Announcement Date 03/02/22 02/02/23 08/02/24 06/02/25 05/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.35x1.31x4.17x6.8% 226B
9.91x2.48x6.49x6.31% 185B
12.64x2.09x5.38x4.31% 140B
40.53x8.42x15.67x - 135B
11.6x0.95x3.61x6.42% 89.73B
13.53x1.86x8.11x3.09% 89.58B
13.68x2.05x5.14x2.41% 73.23B
13.79x2.56x8.1x5.34% 54.76B
22.17x5.13x18.72x4.9% 52.62B
Average 16.58x 2.98x 8.38x 4.95% 116.18B
Weighted average by Cap. 16.07x 2.86x 7.52x 5.37%

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.