BCE logo

BCE

BCE-PY.TO
47
Telecommunications Services · Communication Services
Price
C$21.28
-0.20 (-0.93%)
Market Cap
C$19.84B
Exchange
Toronto Stock Exchange
Winston Score
47
Winston looking serious
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

Winston Score between 40 and 70. The stock passes some quality checks but not all.

BCE Inc. is Canada's largest telecommunications company, operating under the Bell brand. It provides mobile phone service, home internet, TV, and landline phone service to millions of households and businesses across Canada. BCE also owns a large media division that includes TV channels, radio stations, and sports properties.

BCE makes money by charging monthly fees for its wireless, internet, and TV subscriptions, as well as selling advertising through its media assets. It operates almost entirely within Canada, generating roughly $24 billion in annual revenue, and its size gives it significant network infrastructure that is expensive for smaller rivals to replicate. However, BCE carries a heavy debt load and faces pressure from rising interest rates and a recent dividend cut, both of which reflect the high cost of maintaining and upgrading its 5G and fibre networks across the country.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-2.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$60M/ year

0.2% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

0.1%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$1.4B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Winston looking curious
Growth context

BCE is growing revenue at 4% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
30.0%
Modest — 30.0% gross margin
Operating Margin
20.7%
Excellent — 20.7% operating margin
ROCE
1.9%
Weak — 1.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+1.6%
Nearly flat sales (1.6% YoY)
EPS YoY
+1511.9%
Earnings growing fast (1511.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
102%
Turns 102% of profit into real cash
FCF Margin
11.2%
Modest free cash flow (11.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
1.84
Elevated debt (1.84)
Interest Cover
3.01x
Tight — interest eats into profit (3.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio
4.9x
Attractive valuation — P/E 4.9

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
-3.3
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield
5.14%
Healthy income — 5.14% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth
-0.0%
Dividend cut (-0.0% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial