Morningstar

BCE Inc BCE

Morningstar Rating
Unlock
Stock XTSE Rating as of
—
View Full Chart
As of Delayed Price

Company Report

View Archive

BCE: Competition and a Weight From Legacy Products Should Mute Long-Term Growth Ability

Matthew Dolgin

BCE has been investing heavily over the past several years to upgrade its wireline network with fiber. In the time since, the firm has been outperforming competitors in adding new broadband subscribers. We expect the firm to continue taking share, but we expect the pace to ease, as the firm has slowed its fiber network buildout in response to regulatory mandates that it share the fiber network. BCE also remains a leader in providing wireless service throughout Canada and has a formidable media business.

Read Full Report

Price vs Fair Value

View History
BCE is trading at a 677% premium.
Price
CAD 45.88
Fair Value
CAD 47.00
Uncertainty
Low
1-Star Price
CAD 31.00
5-Star Price
CAD 78.00
Economic Moat
Btpfn
Capital Allocation
Ywxbkxqj

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

News

View All

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
14.95
Price/Sales
1.70
Dividend Yield (Trailing)
8.63%
Dividend Yield (Forward)
8.70%
Total Yield
8.63%

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)
 14.9511.2810.55
Price/Book Value
 2.592.673.93
Price/Sales
 1.701.371.48
Price/Cash Flow
 5.454.395.00
Price/Earnings
BCE
RCI
QBR.B

Financial Strength

Metric
BCE
RCI
QBR.B
Quick Ratio
 0.510.500.67
Current Ratio
 0.650.651.01
Interest Coverage
 2.761.643.34
Quick Ratio
BCE
RCI
QBR.B

Profitability

Metric
BCE
RCI
QBR.B
Return on Assets (Normalized)
 3.90%3.54%6.07%
Return on Equity (Normalized)
 16.71%22.81%43.39%
Return on Invested Capital (Normalized)
 6.74%6.69%10.66%
Return on Assets
BCE
RCI
QBR.B

Telecom Services Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
T-Mobile US Inc
TMUS
ClkxtdpmnbLjljhx$242.7 Bil
 Verizon Communications Inc
VZ
SmdqxmcwyRwtlp$187.4 Bil
 AT&T Inc
T
GhqVvfhnrh$158.1 Bil
 Comcast Corp Class A
CMCSA
LpgddgjkGqxsxxw$158.0 Bil
 Deutsche Telekom AG ADR
DTEGY
CwklwrxtzGdxpfb$144.6 Bil
 KDDI Corp ADR
KDDIY
NgqzdrfzqYfjmyl$64.1 Bil
 America Movil SAB de CV ADR - Series B
AMX
PkwgtfdxqVyshf$49.7 Bil
 Charter Communications Inc Class A
CHTR
QgjdjklzWzzhdb$46.0 Bil
 BCE Inc
BCE
GtqntbtdzcNkwlbhn$31.0 Bil
 Orange SA ADR
ORAN
FwrwcrkZwyqg$28.8 Bil

Sponsor Center