BCE

BCE — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($26.31)
DCF$161.83+515.1%
Graham Number$41.48+57.7%
Reverse DCFimplied g: 7.2%
DDM$26.37+0.2%
EV/EBITDA$30.15+14.6%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $3.26B
Rev: -0.3% / EPS: 26.1%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$162.18
Current Price$26.31
Upside / Downside+516.4%
Net Debt (used)$40.74B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term18.1%22.1%26.1%30.1%34.1%
7.0%$186.41$226.50$272.09$323.73$382.01
8.0%$139.39$170.99$206.90$247.56$293.42
9.0%$107.12$132.90$162.18$195.32$232.68
10.0%$83.69$105.25$129.73$157.41$188.61
11.0%$65.95$84.33$105.18$128.75$155.29

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $4.96
Yahoo: $15.42

Results

Graham Number$41.48
Current Price$26.31
Margin of Safety+57.7%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$26.31
Implied Near-term FCF Growth7.2%
Historical Revenue Growth-0.3%
Historical Earnings Growth26.1%
Base FCF (TTM)$3.26B
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: $1.28

Results

DDM Intrinsic Value / share$26.37
Current Price$26.31
Upside / Downside+0.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $10.76B
Current: 6.4×
Default: $40.74B

Results

Implied Equity Value / share$30.15
Current Price$26.31
Upside / Downside+14.6%
Implied EV$68.85B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$20.74B$30.74B$40.74B$50.74B$60.74B
2.4x$5.44$-5.28$-16.01$-26.73$-37.45
4.4x$28.52$17.79$7.07$-3.65$-14.38
6.4x$51.60$40.87$30.15$19.42$8.70
8.4x$74.67$63.95$53.23$42.50$31.78
10.4x$97.75$87.03$76.30$65.58$54.86