BCE Piotroski F Score

BCE
 Stock
  

USD 46.66  0.04  0.09%   

This module uses fundamental data of BCE to approximate its Piotroski F score. BCE F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of BCE Inc. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about BCE financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to BCE Altman Z Score, BCE Correlation, BCE Valuation, as well as analyze BCE Alpha and Beta and BCE Hype Analysis.
  
BCE Issuance Repayment of Debt Securities is projected to based on the last few years of reporting. The past year's Issuance Repayment of Debt Securities was at 2.44 Billion. BCE Book Value per Share is projected to increase based on the last few years of reporting. The past year's Book Value per Share was at 24.98. The current year Current Ratio is expected to grow to 0.69, whereas Enterprise Value over EBIT is forecasted to decline to 17.84.
At this time, it appears that BCE's Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
8.0
Piotroski F Score - Strong
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

BCE Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to BCE is to make sure BCE is not a subject of accounting manipulations and runs a healthy internal audit department. So, if BCE's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if BCE's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted968.4 M906.3 M
Notably Up
Increasing
Slightly volatile
Weighted Average Shares968.4 M906.3 M
Notably Up
Increasing
Slightly volatile
Return on Average Assets0.04260.041
Sufficiently Up
Decreasing
Slightly volatile
Net Cash Flow from Operations8.1 BB
Fairly Up
Increasing
Slightly volatile
Current Liabilities10 B9.1 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities42.4 B43.8 B
Sufficiently Down
Increasing
Slightly volatile
Gross Margin0.460.422
Significantly Up
Increasing
Slightly volatile
Total Debt28.3 B29.7 B
Sufficiently Down
Increasing
Slightly volatile
Asset Turnover0.370.359
Fairly Up
Decreasing
Slightly volatile
Current Assets6.3 B6.2 B
Fairly Up
Increasing
Slightly volatile
Total Assets65.2 B66.8 B
Fairly Down
Increasing
Slightly volatile

BCE Inc F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between BCE's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards BCE in a much-optimized way.

About BCE Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

968.35 Million

BCE Weighted Average Shares is projected to increase significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 906.3 Million

BCE Current Valuation Drivers

We derive many important indicators used in calculating different scores of BCE from analyzing BCE's financial statements. These drivers represent accounts that assess BCE's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of BCE's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets54.7 B56.99 B58.62 B62.25 B65.37 B64.02 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA8.86 B8.94 B9.85 B9.01 B9.63 B9.94 B
Earnings Before Interest Taxes and Depreciation Amortization USD6.96 B6.62 B7.52 B7.06 B7.52 B7.96 B
Earnings before Tax4.06 B3.92 B4.38 B3.49 B3.94 B4.19 B
Average Equity19.31 B20.39 B20.72 B21.4 B22.56 B22.02 B
Enterprise Value59.29 B53.66 B61.64 B58.64 B68.89 B67.88 B
Free Cash Flow3.32 B3.41 B3.98 B3.55 B3.17 B3.36 B
Invested Capital44.15 B46.79 B52.5 B54.79 B60.89 B57.39 B
Invested Capital Average42.64 B46.13 B49.64 B56.28 B59.28 B56.01 B
Market Capitalization41.8 B35.62 B41.63 B38.69 B47.2 B46.35 B
Tangible Asset Value32.12 B33.24 B36.13 B36.96 B40.62 B39.44 B
Working Capital(5.08 B)(4.64 B)(4.26 B)(2.58 B)(2.92 B)(3.15 B)

BCE ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, BCE's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to BCE's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About BCE Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze BCE Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BCE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BCE Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television services to residential, business, and wholesale customers in Canada. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada. BCE operates under Telecom Services classification in the United States and is traded on New York Stock Exchange. It employs 49781 people.

BCE Investors Sentiment

The influence of BCE's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BCE. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to BCE's public news can be used to forecast risks associated with investment in BCE. The trend in average sentiment can be used to explain how an investor holding BCE can time the market purely based on public headlines and social activities around BCE Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
BCE's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for BCE's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average BCE's news discussions. The higher the estimated score, the more favorable is the investor's outlook on BCE.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BCE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BCE's short interest history, or implied volatility extrapolated from BCE options trading.

Pair Trading with BCE

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BCE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BCE will appreciate offsetting losses from the drop in the long position's value.

Moving together with BCE

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+0.9LBTYALiberty Global PLC Sell-off TrendPairCorr
The ability to find closely correlated positions to BCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BCE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BCE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BCE Inc to buy it.
The correlation of BCE is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BCE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BCE Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BCE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to BCE Altman Z Score, BCE Correlation, BCE Valuation, as well as analyze BCE Alpha and Beta and BCE Hype Analysis. Note that the BCE Inc information on this page should be used as a complementary analysis to other BCE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for BCE Stock analysis

When running BCE Inc price analysis, check to measure BCE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BCE is operating at the current time. Most of BCE's value examination focuses on studying past and present price action to predict the probability of BCE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BCE's price. Additionally, you may evaluate how the addition of BCE to your portfolios can decrease your overall portfolio volatility.
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Is BCE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BCE. If investors know BCE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BCE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.06) 
Market Capitalization
42.7 B
Quarterly Revenue Growth YOY
0.032
Return On Assets
0.0511
Return On Equity
0.1298
The market value of BCE Inc is measured differently than its book value, which is the value of BCE that is recorded on the company's balance sheet. Investors also form their own opinion of BCE's value that differs from its market value or its book value, called intrinsic value, which is BCE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BCE's market value can be influenced by many factors that don't directly affect BCE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BCE's value and its price as these two are different measures arrived at by different means. Investors typically determine BCE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BCE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.