Professional
Added to YB: 2024-12-09
Pitch date: 2024-12-02
BCE [bullish]
BCE Inc.
-4.87%
current return
Author Info
No bio for this author
Company Info
BCE Inc., a communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.
Market Cap
CAD 29.9B
Pitch Price
CAD 24.92
Price Target
50.00 (+111%)
Dividend
5.45%
EV/EBITDA
7.75
P/E
4.80
EV/Sales
3.03
Sector
Diversified Telecommunication Services
Category
value
BCE Inc.: New Fiber Network Will Provide Value for Years to Come; Shares Significantly Undervalued
BCE: CAD 50 FVE (USD 36). Narrow moat, 5-star. Wireless faces Quebecor competition, but maintaining share. Fiber investment driving wireline growth. Ziply acquisition for US expansion, but expensive. 3% wireless, 1% wireline growth through 2028. EBITDA margin 40-45%. Risks: regulation, competition. 8% ROIC 2023-2028.
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