Sustainable math10.5B in ebitda (earnings before interest tax depreciation and amortization)
By accounting for interest and tax
interest 1475m
tax 996m
We en up with 8B in earnings before depreciation and amortization
4B in dividends
that leaves 4B for capex (offset for the depreciation and amortization)
If they reign in capex to 3.6B on high value high margin projects and continue to reduce opex (increasing ebitda) there will be money left over to pay off debt...
I hope they use the drip proceeds to pay off debt so the credit agency is impressed...
I don't understand why the share price is at such a large discount is it simply opportunity cost for the capital with other companies simply diverting capital from BCE?
when the market cycles back to BCE will it go to FV or a premium...