Last C$55.11 CAD
Change Today +0.56 / 1.03%
Volume 5.2M
BCE On Other Exchanges
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As of 4:17 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

bce inc (BCE) Snapshot

Open
C$54.38
Previous Close
C$54.55
Day High
C$55.42
Day Low
C$54.30
52 Week High
02/5/15 - C$60.20
52 Week Low
10/15/14 - C$46.43
Market Cap
46.3B
Average Volume 10 Days
4.0M
EPS TTM
C$3.15
Shares Outstanding
840.5M
EX-Date
03/12/15
P/E TM
17.5x
Dividend
C$2.60
Dividend Yield
4.48%
Current Stock Chart for BCE INC (BCE)

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bce inc (BCE) Details

BCE Inc., a communications company, provides broadband communication services to residential and business customers in Canada. The company operates through four segments: Bell Wireline, Bell Wireless, Bell Media, and Bell Aliant. The company offers local and long distance telephone services under the Bell Home Phone brand; direct-to-home satellite television (TV) services under the Bell TV name; Internet protocol (IP) TV services under the Bell Fibe TV brand; and competitive local exchange carrier (CLEC) services. It also provides data services, including Internet access services under the Bell Internet name; IP based services, such as IP VPN, ethernet, business Internet, and Voice over Internet protocol services; information and communications technology solutions include professional services, hosted and cloud services, managed solutions, and infrastructure services; and voice solutions comprising audio and video conferencing, Webcasting, and Web conferencing business terminal equipment. In addition, the company is involved in the provision of network installation and maintenance services for third parties. Further, it offers wireless voice and data communications products and services under the Bell and Virgin Mobile brands. Additionally, the company provides media services comprising TV programming services to broadcast distributors. BCE Inc. operates approximately 30 conventional TV stations, and 40 specialty, pay, and pay-per-view TV channels; 107 radio stations; 9,500 advertising faces; and 200 Websites, including TheLoop.ca. It offers its services through call center representatives, independent dealer stores, and value-added resellers, as well as door-to-door sales representatives and Websites. The company was formerly known as Bell Canada Enterprises Inc. BCE Inc. was founded in 1983 and is based in Verdun, Canada.

Founded in 1983

bce inc (BCE) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$575.0K
President of Bell Mobility & Bell Residential...
Total Annual Compensation: C$750.0K
President of Bell Media - Bell Canada
Total Annual Compensation: C$750.0K
President of Bell Business Markets - Bell Can...
Total Annual Compensation: C$600.0K
Compensation as of Fiscal Year 2013.

bce inc (BCE) Key Developments

BCE Inc. Declares Quarterly Dividend Payable on April 15, 2015

BCE’s board of directors declared a quarterly dividend of $0.65 per common share, payable on April 15, 2015 to shareholders of record at the close of business on March 16, 2015.

BCE Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year of 2014; Provides Financial Guidance for 2015

BCE Inc. reported unaudited earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported operating revenues of $5,528 million against $5,382 million a year ago. Adjusted EBITDA was $2,022 million against $1,998 million a year ago. Net earnings attributable to common shareholders were $542 million against $495 million a year ago. EPS was $0.64 against $0.64 a year ago. Adjusted EPS was $0.72 against $0.70 a year ago. Cash flows from operating activities were $1,527 million against $1,838 million a year ago. Free cash flow was $833 million against $674 million a year ago. Free cash flow per share was $1.01 against $0.86 a year ago. Adjusted net earnings increased 13.0% to $610 million, driven by higher Adjusted EBITDA from continued strong wireless profitability and positive overall wireline growth. Lower non-controlling interest, resulting from the privatization of Bell Aliant completed on November 1, 2014, also contributed to higher adjusted net earnings in the quarter. CapEx was in line with plan and directed at its significant broadband infrastructure projects. For the year, the company reported operating revenues of $21,042 million against $20,400 million a year ago. Adjusted EBITDA was $8,303 million against $8,089 million a year ago. Net earnings attributable to common shareholders were $2,363 million against $1,975 million a year ago. EPS was $2.98 against $2.55 a year ago. Cash flows from operating activities were $6,241 million against $6,476 million a year ago. Free cash flow was $2,744 million against $2,571 million a year ago. Free cash flow per share was $3.46 against $3.31 a year ago. Adjusted net earnings of $2,524 million and Adjusted EPS of $3.18 were up 8.9% and 6.4%, respectively, compared to 2013. This reflected higher Adjusted EBITDA driven by the increased contribution of Bell's growth services, lower net pension financing cost, and mark-to-market gains realized on equity derivatives used as economic hedges of share-based compensation and U.S. dollar purchases. The company is targeting consolidated BCE revenue growth of 1% to 3% and consolidated EBITDA growth of 2% to 4% for 2015. Wireless revenue growth is expected to benefit from the flow-through of higher year-over-year ARPU, driven by a higher base of smartphone users, increased data consumption on LTE and continued growth in the postpaid subscriber base. Effective accounting tax rate for 2015 is projected to be similar to the rate in 2014 of approximately 26%, and that's in line with the statutory tax rate as well. For this year, tax recoveries are projected to total not more than $0.02 per share. Adjusted EPS outlook for 2015, which the company projects to be between $3.28 and $3.38 per share or growth of 3% to 6%. EPS is supported by a strong underlying contribution from operations, driven by higher EBITDA from the growth services as well as lower depreciation and amortization expense, and that's because of the accelerated depreciation that took in 2014 on the CDMA network assets that are being decommissioned as well as from an increase in the useful life of some application software. In 2015, the companyexpects also higher net interest expense which results from the higher level of debt on the Bell Aliant transaction. That should have a year-over-year impact of about $40 million. And lastly, given the Canadian dollar devaluation, U.S. dollar-denominated OpEx spending for 2015 has been fully hedged. Most of the U.S. dollar CapEx spending has also been hedged. Free cash flow generation for 2015 before BCE common share dividends should be strong, growing in the range of 8% to 15% year-over-year to $2.95 billion to $3.15 billion. That will be driven by growth in adjusted EBITDA, maintaining its 17% capital intensity ratio and a modest improvement in the working capital position. The 2015 free cash flow generation provides a good foundation for the $0.13 per share increase in BCE's common dividend, which maintains its free cash flow dividend payout ratio very comfortably within the 65% to 75% target range. And BCE should generate over $900 million of cash after common share dividends in 2015.

BCE Inc. Declares Dividend on Pr Series, Payable on Feb. 12, 2015

BCE Inc. announced dividend on 1st Pr Series 'ab' of $0.0621, 1st Pr Series 'ad' of $0.0621, 1st Pr Series 'ae' of $0.0621, 1st Pr Series 'ah' of $0.0621, 1st Pr Series 'aj' of $0.0621, 1st Pr Series 's' of $0.0621 and 1st Pr Series 'y' of $0.0621 per share, payable on Feb. 12, 2015 to the recorded shareholders on Jan. 30, 2015.

 

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Industry Analysis

BCE

Industry Average

Valuation BCE Industry Range
Price/Earnings 17.0x
Price/Sales 2.0x
Price/Book 3.9x
Price/Cash Flow 7.3x
TEV/Sales 0.8x
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