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 26,195 - -
Change - -9.29% -12.27% -36.13% 0.44% -14.2% - -
Enterprise Value (EV) 1 89,277 86,023 81,998 70,696 70,765 67,751 65,446 64,174
Change - -3.65% -4.68% -13.78% 0.1% -4.26% -3.4% -1.94%
P/E 22x 20x 22.9x 185x 4.82x 10.7x 10.3x 9.45x
PBR 2.64x 2.45x 2.35x 1.78x 1.33x 1.26x 1.2x 1.13x
PEG - -59.8x -1x -2x 0x -0.2x 2.62x 1.01x
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 2.72x 2.59x 2.49x
EV / EBITDA 9.02x 8.43x 7.87x 6.68x 6.64x 6.29x 5.95x 5.66x
EV / EBIT 16.9x 15.7x 14.9x 12.7x 13.1x 12.7x 12.1x 11.4x
EV / FCF 29.8x 28x 26.1x 24.5x 22.3x 30.4x 18.9x 16.3x
FCF Yield 3.35% 3.57% 3.83% 4.09% 4.49% 3.29% 5.29% 6.14%
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% 6.23% 6.26% 6.34%
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 28.09 28.09 28.09
Nbr of stocks (in thousands) 908,850 911,955 912,274 912,283 932,526 932,526 - -
Announcement Date 2/3/22 A 2/2/23 A 2/8/24 A 2/6/25 A 2/5/26 A - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.74x2.72x6.29x6.23% 18.66B
9.56x2.43x6.37x6.53% 179B
12.18x2.05x5.28x4.48% 134B
13.42x1.86x8.08x3.11% 88.47B
13.22x2x5.03x2.49% 71.32B
14.01x2.54x8.17x5.3% 55.19B
21.94x5.07x18.52x4.96% 51.79B
14.12x2.63x5.63x4.55% 50.43B
25.77x3.44x7.55x3.92% 42.9B
9.03x1.65x5x5.53% 42.14B
Average 14.40x 2.64x 7.59x 4.71% 73.43B
Weighted average by Cap. 13.33x 2.48x 7.17x 4.8%

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.