| Company Name: | BCE, Incorporated | | Ticker Symbol: | BCE | | | WWW Address: | www.bce.ca | | CEO: | George A. Cope | | No. of Employees: | 50,102 | | Common Issue Type: | CS | | Business Description: | A communications company, which provides wireline voice and wireless communications services, Internet access, data services and video services to residential, business and wholesale customers.
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| | | Industry Information: | TELECOMMUNICATIONS - Telecom Services - Domestic [more like this] |
| | Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 27.73 |  0.0 | 27.99 | 27.99 | 0 | 27.95 | 27.54 | - |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 21,274.5 | 767.2 | 0.38 | 1.01 | 0.73 | 17.4 | 5.8 | 27.95 - 20.94 |
| | KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 27.73 | $ | | PE Ratio - LTM | 17.4 | |
| Market Capitalisation | 21,274.5 | mil |
| Latest Shares Outstanding | 767.2 | mil |
| Earnings pS (EPS) | 1.01 | $ |
| Dividend pS (DPS) | 0.73 | ¢ |
| Dividend Yield | 5.8 | % |
| Dividend Payout Ratio | 72 | % |
| Revenue per Employee | 353,239 | $ |
| Effective Tax Rate | 25.8 | % |
| Float | 0.0 | mil |
| Float as % of Shares Outstanding | 0.0 | % |
| Foreign Sales | 0 | mil |
| Domestic Sales | 0 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 34.20 | % |
| Research & Devlopment (R&D) as % of Revenue | 0.00 | % |
| Gross Profit Margin | 74.6 | % |
| EBITDA Margin | 40.4 | % |
| Pre-Tax Profit Margin | 11.6 | % |
| Assets Turnover | 0.5 | % |
| Return on Assets (ROA) | 3.6 | % |
| Return on Equity (ROE) | 9.5 | % |
| Return on Capital Invested (ROCI) | 4.9 | % |
| Current Ratio | 0.8 | |
| Leverage Ratio (Assets/Equity) | 2.7 | |
| Interest Cover | 3.3 | |
| Total Debt/Equity (Gearing Ratio) | 0.78 | |
| LT Debt/Total Capital | 38.0 | % |
| Working Capital pS | -0.99 | $ |
| Cash pS | 1.55 | $ |
| Book-Value pS | 18.51 | $ |
| Tangible Book-Value pS | 2.69 | $ |
| Cash Flow pS | 5.96 | $ |
| Free Cash Flow pS | 1.69 | $ |
 |
| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 1.50 | |
| Price/Tangible Book Ratio | 10.33 | |
| Price/Cash Flow | 4.7 | |
| Price/Free Cash Flow | 16.4 | |
| P/E as % of Industry Group | 97.0 | % |
| P/E as % of Sector Segment | 99.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 04/13/2009 |
| Dividend Ex-Date | 12/10/2009 |
| Dividend Record Date | 12/14/2009 |
| Dividend Pay Date | 01/14/2010 |
| Dividend Amount | 405 |
| Type of Payment | Cash Payment |
| Dividend Rate | 1.62 |
| Current Dividend Yield | 5.8 |
| 5-Y Average Dividend Yield | 4.5 |
| Payout Ratio | 72.0 |
| 5-Y Average Payout Ratio | 60.0 |
|  | | Share price performance previous 3 years |
|
 | | | Share price performance intraday |
|
 | | | | | PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | 0.8 | 100 | 19,412 | 13,941 |
| 4 Weeks | 27.95 | 25.50 | 25.89 | 7.1 | 101 | 19,427 | 310,836 |
| 13 Weeks | 27.95 | 25.07 | 26.90 | 3.1 | 97 | 24,325 | 1,435,156 |
| 26 Weeks | 27.95 | 23.28 | 24.95 | 11.1 | 99 | 28,198 | 3,440,207 |
| 52 Weeks | 27.95 | 20.94 | 24.95 | 11.1 | 89 | 40,140 | 9,874,410 |
| YTD | 27.95 | 22.94 | - | 10.3 | 85 | 35,267 | 7,934,977 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 27.53 | 27.34 | 26.29 | 25.44 | 25.38 | 0.38 | 0.41 |
| | | | GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | -1.75 | 71.2 | -0.56 |
| Income | -1.80 | 0.4 | -17.98 |
| Dividend | -1.96 | 2.1 | -4.44 |
| Capital Spending | -25.07 | NA | -28.54 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 0.21 | NA | -5.36 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -1.2 | -0.1 | -0.9 |
| Earnings % | 41.7 | 108.6 | -76.8 |
| EPS % | 54.2 | 140.0 | -79.3 |
| EPS $ | 0.58 | 0.42 | -3.86 |
| | | | SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | -1.64 |
| Current Ratio | 0.9 |
| Quick Ratio (Acid Test) | 0.8 |
| Liquidity Ratio (Cash) | 0.49 |
| Receivables Turnover | 9.4 |
| Average Collection Period | 38 |
| Working Capital/Equity | -4.5 |
| Working Capital pS | -0.81 |
| Cash-Flow pS | 5.09 |
| Free Cash-Flow pS | 2.64 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 1.23 |
| Financial Leverage Ratio (Assets/Equity) | 2.7 |
| Debt Ratio | 56.4 |
| Total Debt/Equity (Gearing Ratio) | 0.85 |
| LT Debt/Equity | 0.69 |
| LT Debt/Capital Invested | 58.8 |
| LT Debt/Total Liabilities | 45.2 |
| Interest Cover | 2.9 |
| Interest/Capital Invested | 2.37 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 13.88 |
| Tobin's Q Ratio | 0.54 |
| Current P/E Ratio - LTM | 17.40 |
| Enterprise Value (EV)/EBITDA | 6.19 |
| Enterprise Value (EV)/Free Cash Flow | 18.27 |
| Dividend Yield | 5.8 |
| Price/Tangible Book Ratio - LTM | 10.33 |
| Price/Book Ratio - LTM | 1.50 |
| Price/Cash Flow Ratio | 4.7 |
| Price/Free Cash Flow Ratio - LTM | 16.4 |
| Price/Sales Ratio | 1.21 |
| P/E Ratio (1 month ago) - LTM | 16.0 |
| P/E Ratio (26 weeks ago) - LTM | 21.3 |
| P/E Ratio (52 weeks ago) - LTM | 6.3 |
| 5-Y High P/E Ratio | 39.9 |
| 5-Y Low P/E Ratio | 5.9 |
| 5-Y Average P/E Ratio | 15.8 |
| Current P/E Ratio as % of 5-Y Average P/E | 110 |
| P/E as % of Industry Group | 97.0 |
| P/E as % of Sector Segment | 99.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 11.4 |
| PER SHARE FIGURES |
| LT Debt pS | 12.58 |
| Current Liabilities pS | 7.75 |
| Tangible Book Value pS - LTM | 2.69 |
| Book Value pS - LTM | 18.51 |
| Capital Invested pS | 35.73 |
| Cash pS - LTM | 1.55 |
| Cash Flow pS - LTM | 5.96 |
| Free Cash Flow pS - LTM | 1.69 |
| Earnings pS (EPS) | 1.01 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | 11.96 |
| Free Cash Flow Margin 5YEAR AVG | 8.23 |
| Net Profit Margin | 5.3 |
| Net Profit Margin - 5YEAR AVRG. | 11.5 |
| Equity Productivity | 1.22 |
| Return on Equity (ROE) | 6.5 |
| Return on Equity (ROE) - 5YEAR AVRG. | 15.9 |
| Capital Invested Productivity | 0.65 |
| Return on Capital Invested (ROCI) | 3.4 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 7.9 |
| Assets Productivity | 0.50 |
| Return on Assets (ROA) | 2.4 |
| Return on Assets (ROA) - 5YEAR AVRG. | 5.4 |
| Gross Profit Margin | 74.6 |
| Gross Profit Margin - 5YEAR AVRG. | 54.0 |
| EBITDA Margin - LTM | 40.4 |
| EBIT Margin - LTM | 15.9 |
| Pre-Tax Profit Margin | 10.3 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 15.8 |
| Effective Tax Rate | 25.8 |
| Effective Tax Rate - 5YEAR AVRG. | 20.6 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 59 |
| Revenue per Employee | 353,239 |
| Net Income per Employee | 18,822 |
| Average Collection Period | 37 |
| Receivables Turnover | 9.4 |
| Day's Inventory Turnover Ratio | 22 |
| Inventory Turnover | 16.5 |
| Inventory/Sales | 1.5 |
| Accounts Payble/Sales | 19.99 |
| Assets/Revenue | 2.00 |
| Net Working Capital Turnover | -27.27 |
| Fixed Assets Turnover | 0.52 |
| Total Assets Turnover | 0.5 |
| Revenue per $ Cash | 5.79 |
| Revenue per $ Plant | 0.91 |
| Revenue per $ Common Equity | 1.22 |
| Revenue per $ Capital Invested | 0.65 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 35.4 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 15.2 |
| Research & Devlopment (R&D) as % of Revenue | 0.0 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 0.0 |
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