Skip to Content
Morningstar

BCE Inc BCE

Morningstar Rating
Unlock
Stock XNYS Rating as of
$34.34 −0.23 (0.67%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

BCE Earnings: Disappointing Sales as Areas of Strength Are Offset in Unsurprisingly Weak Results

Matthew Dolgin

Given the downbeat 2024 outlook BCE provided earlier this year, first-quarter sales and EBITDA stagnation were unsurprising. Postpaid mobile phone and residential fixed-line internet subscriber additions remained strong, but the firm discussed an intensely competitive environment, and BCE seems to be materially underperforming rival Rogers. Margins should improve as the year goes on as some of the firm’s cost and workforce reductions take effect. BCE maintained its 2024 outlook, and we’re not changing our CAD 60 fair value estimate.

Read Full Report

Price vs Fair Value

View History
BCE is trading at a 511% premium.
Price
$34.34
Fair Value
$89.00
Uncertainty
Low
1-Star Price
$72.00
5-Star Price
$42.30
Economic Moat
Khxnydv
Capital Allocation
Xccmhxvsg

Bulls Say, Bears Say

Bulls

The immense network improvement resulting from BCE's fiber-to-the-home buildout will lead to further wireline share gains and margin improvement.

Bears

A combined Quebecor and Freedom Mobile should make for a strong fourth national wireless competitor, and it will likely undercut the Big Three on price, limiting pricing power and pressuring margins.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if BCE is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$34.57
Day Range
$34.23–34.54
52-Week Range
$31.82–47.27
Bid/Ask
$33.98 / $34.91
Market Cap
$31.33 Bil
Volume/Avg
1.4 Mil / 2.5 Mil

Key Statistics

Price/Earnings (Normalized)
15.05
Price/Sales
1.72
Dividend Yield (Trailing)
8.41%
Dividend Yield (Forward)
8.43%
Total Yield
8.41%

Company Profile

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz.
Sector
Communication Services
Industry
Telecom Services
Stock Style Box
Large Value
Total Number of Employees
45,132
Website
https://www.bce.ca

Competitors

Valuation

View More
Metric
BCE
RCI
QBR.B
Price/Earnings (Normalized)
 15.0511.8810.96
Price/Book Value
 2.582.703.87
Price/Sales
 1.721.401.31
Price/Cash Flow
 5.464.634.51
Price/Earnings
BCE
RCI
QBR.B

Financial Strength

Metric
BCE
RCI
QBR.B
Quick Ratio
 0.520.710.41
Current Ratio
 0.650.890.66
Interest Coverage
 3.051.593.17
Quick Ratio
BCE
RCI
QBR.B

Profitability

Metric
BCE
RCI
QBR.B
Return on Assets (Normalized)
 3.96%3.56%6.00%
Return on Equity (Normalized)
 16.39%22.19%44.57%
Return on Invested Capital (Normalized)
 6.68%6.65%10.85%
Return on Assets
BCE
RCI
QBR.B
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Telecom Services Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
TMUS
T-Mobile US IncQfwzcjzksRshlrd$190.3 Bil
VZ
Verizon Communications IncRjprrybcFhswckx$169.4 Bil
CMCSA
Comcast Corp Class APrlcyzwwbSdmd$154.5 Bil
T
AT&T IncWvxkFvggfq$124.0 Bil
DTEGY
Deutsche Telekom AG ADRJjlsrzyllWqjkzm$118.7 Bil
AMX
America Movil SAB de CV ADR - Series BCnmhblylzTjdypt$61.2 Bil
KDDIY
KDDI Corp ADRRfpfcfbsXtvnvtp$58.3 Bil
CHTR
Charter Communications Inc Class AQtnlypskqXykzff$40.0 Bil
ORAN
Orange SA ADRZhjxzxmCzphk$30.8 Bil

Sponsor Center