damedeeso Foreword About Large Cap Value A Value ranking for large cap stocks from YCharts puts together complementary strategies found during their stock research. As a value ranking, it looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the largest 10% of companies based on market cap are allowed in this portfolio. What it is: The Value Score is a composite score. It tells you how much you are getting in terms of profits, cash flows, assets, sales, ...

NicoElNino/iStock via Getty Images Both BCE Inc. (BCE, BCE:CA) and Vodafone (VOD) telecommunication companies are struggling, this article is to show how they compare and that they might soon have the same 8% yield. I give a Rose recommendation for owning them and what action I might take. I wrote how BCE was struggling in this article of May 2023 here and now I can say I was very right about its price decline and would wait to buy it under $40. I was, however, incorrect about it cutting the dividend as ...

BalkansCat BCE (NYSE:BCE)(TSX:BCE:CA) has been a consistent income provider for Canadian investors since it was established in the late-1800s. The future, however, isn't quite as rosy, with the company projected to pay out more than it earns in 2024. Will this translate into a dividend cut? (BCE reports in CAD. All numbers are in CAD unless indicated otherwise) Introduction BCE can trace its history to 1880, just a few short years after Alexander Graham Bell invented the telephone. Bell received a Canad ...

MONTRÉAL, March 8, 2024 /PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced the filing of its 2023 annual report on Form 40-F with the U.S. Securities and Exchange Commission (SEC). BCE's Form 40-F includes audited financial statements for the year ended December 31, 2023, and is available on BCE's website at BCE.ca in the Investors section and on the SEC's website at SEC.gov. Holders of BCE securities may receive a printed copy of BCE's audited financial statements at no charge by contacting BCE ...

MONTRÉAL, March 7, 2024 /PRNewswire/ - BCE Inc. (BCE) (TSX: BCE) (NYSE: BCE) today announced that the Audit Committee of the Board of Directors of BCE (the Board) has completed a comprehensive request for proposal process for the 2025 external audit engagement (the RFP) and that the Board has selected Ernst & Young LLP as its external auditor for fiscal 2025. In keeping with its focus on best corporate governance practices and given the long tenure of Deloitte LLP as BCE's external auditor, the Audit Commit ...

BCE Inc. (BCE) reported fourth-quarter 2023 adjusted earnings per share (EPS) of C$0.76 (56 cents) compared with C$0.71 in the prior-year quarter. The Zacks Consensus Estimate was pegged at 54 cents.Quarterly total operating revenues increased 0.5% year over year to C$6,473 million ($4,755 million). The consensus estimate was pegged at $4,819.1 million. This was driven by a 3.6% rise in Product revenues, which totaled C$1,125 million, whereas Service revenues declined 0.1% to C$5,348 million.The uptick was ...

For the quarter ended December 2023, BCE (BCE) reported revenue of $4.76 billion, up 0.3% over the same period last year. EPS came in at $0.56, compared to $0.53 in the year-ago quarter.The reported revenue represents a surprise of -1.33% over the Zacks Consensus Estimate of $4.82 billion. With the consensus EPS estimate being $0.54, the EPS surprise was +3.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next mo ...

Financial Data and Key Metrics - Adjusted EBITDA increased by 5.3% in Q4 2023, driving a 1.9-point margin increase to 39.7% [24] - Adjusted EPS grew by 7% in Q4 2023 [24] - Free cash flow saw a $913 million year-over-year positive swing in Q4 2023 [25] - Residential Internet revenue grew by 7.1% in 2023 [7] - Digital revenue in media increased by 19%, representing 35% of total media revenue [8] - Total ad revenue in media declined by 13.7% in Q4 2023 [29] Business Line Data and Key Metrics - Wireless segment delivered 128,715 new net subscribers in Q4 2023, with ARPU up 0.4% [26] - Broadband Internet added 55,591 new net retail subscribers in Q4 2023 [27] - IPTV added 23,537 net subscribers in Q4 2023 [27] - Consumer wireless revenue increased by 5.5% in Q4 2023 [27] - Residential Internet revenue grew by 5.4% in Q4 2023 [27] - Digital revenue in media grew by 27% in Q4 2023 [28] Market Data and Key Metrics - The company achieved its broadband fibre buildout target and surpassed mobile 5G and 5G+ coverage objectives, offering multi-gig symmetrical Internet speeds in 6.5 million locations [6] - The company secured new 5G+ spectrum licenses in the 3,800 megahertz auction, acquiring the most 5G+ spectrum in Canada at the lowest cost among national wireless carriers [6] - The company increased its share of digital online service transactions through self-serve tools to nearly 70% [9] Company Strategy and Industry Competition - The company is shifting focus away from overly regulated parts of the business towards key growth areas such as cloud and security services, advanced advertising, and digital transformation [13] - The company is reducing CapEx by at least $1 billion over the next two years, including a $500 million year-over-year decrease in 2024 [12] - The company is undertaking a significant workforce restructuring, eliminating approximately 4,800 positions, which will yield cost savings of $150 million to $200 million in 2024 [14] - The company is leveraging automation, digitization, and AI to drive cost savings and improve competitiveness [16] Management Commentary on Operating Environment and Future Outlook - The company faced significant media advertising headwinds, unsupportive government and regulatory decisions, and a macroeconomic environment marked by higher interest rates and sustained inflation in 2023 [5] - The company expects revenue growth of 0% to 4% and adjusted EBITDA growth of 1.5% to 4.5% in 2024 [30] - The company anticipates free cash flow of $2.8 billion to $3.05 billion in 2024, reflecting $400 million in one-time severance payments [35] - The company is increasing its common share dividend by 3.1% for 2024, marking its 16th year of uninterrupted dividend growth [22] Other Important Information - The company is selling 45 radio stations and closing 107 Source stores as part of its strategic refocusing [13] - The company is migrating customers to its fibre network, transitioning 110,000 residential customers in 2023 [20] - The company introduced a new next-generation Fibe TV service, currently available in Atlantic Canada, with plans for a broader rollout [21] Q&A Session Summary Question: Regulatory environment and long-term profitability [41] - The company is reducing CapEx by at least $1 billion over the next two years due to regulatory pressures and may consider further cost reductions if regulatory conditions worsen [43][44] - The company is shifting investments from fibre expansion to growth and transformation initiatives [45] Question: Free cash flow guidance and dividend sustainability [48] - The company expects free cash flow growth despite significant one-time severance payments and higher interest expenses, with the dividend supported by underlying free cash flow growth [49] Question: Long-term outlook for dividend growth [53] - The company will assess dividend growth year by year, balancing it against growth and transformation CapEx, with 3% considered appropriate for 2024 [54] Question: Cost reduction strategies and copper decommissioning [56] - The company is focusing on digital transformation, AI, and product rationalization to drive cost savings and improve efficiency [58][59][60] Question: Macroeconomic conditions and business performance [62] - The company is seeing strong growth in enterprise solutions and wireless loadings, with cautious monitoring of small business closures and customer payment patterns [63][64][65] Question: Working capital and free cash flow [68] - The company expects working capital pressures to normalize over time, with some items taking more than one year to resolve [69] Question: Network convergence and fixed wireless [71] - The company has a fixed wireless product since 2018 and is satisfied with its current addressable market, though it faces competition from Starlink in rural areas [72] Question: Adjusted EBITDA guidance [74] - The lower end of the adjusted EBITDA guidance reflects cost savings from workforce reduction and potential impacts from the advertising market [75] Question: Postpaid phone churn and competition [77] - The company is leveraging household bundling, premium loadings, and customer experience improvements to manage churn, which has increased but remains under control [78] Question: CapEx reduction and fibre expansion [81] - The company is reducing CapEx due to regulatory decisions and reallocating investments to growth and transformation initiatives, with fibre expansion plans adjusted accordingly [82]

BCE (BCE) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this Canada's largest telecommunications company would post earnings of $0.60 per share when it actually produced earnings of $0.60, delivering no surprise.Over the last four quarters, ...

Q4 2023 Results & 2024 Financial Guidance Call Safe harbour notice Certain statements made in this presentation are forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to BCE’s financial guidance (including revenues, adjusted EBITDA, capital intensity, adjusted EPS and free cash flow), BCE’s 2024 annualized common share dividend and dividend growth objective, BCE’s 2024 anticipated capital expenditures, the expected slower pace of BCE’s fibre net ...