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Société BIC

DB:BIF
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BIF
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Société BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North America, and internationally. The last earnings update was 36 days ago. More info.


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BIF Share Price and Events
7 Day Returns
-6.9%
DB:BIF
0.1%
DE Commercial Services
0.8%
DE Market
1 Year Returns
-10.1%
DB:BIF
-6.3%
DE Commercial Services
-4.5%
DE Market
BIF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Société BIC (BIF) -6.9% -4.3% -14.7% -10.1% -38.8% -22.5%
DE Commercial Services 0.1% 3.3% 10.1% -6.3% 3.5% -41.2%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • BIF underperformed the Commercial Services industry which returned -6.3% over the past year.
  • BIF underperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
BIF
Industry
5yr Volatility vs Market

BIF Value

 Is Société BIC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Société BIC to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Société BIC.

DB:BIF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BIF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 33%) (1.59%))
0.828
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.828 * 6.65%)
5.73%

Discounted Cash Flow Calculation for DB:BIF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Société BIC is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:BIF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.73%)
2019 197.38 Analyst x5 186.68
2020 219.38 Analyst x6 196.24
2021 237.00 Analyst x3 200.51
2022 249.98 Est @ 5.48% 200.02
2023 259.73 Est @ 3.9% 196.56
2024 267.00 Est @ 2.8% 191.11
2025 272.42 Est @ 2.03% 184.41
2026 276.47 Est @ 1.49% 177.01
2027 279.54 Est @ 1.11% 169.27
2028 281.90 Est @ 0.85% 161.45
Present value of next 10 years cash flows €1,863.24
DB:BIF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €281.90 × (1 + 0.23%) ÷ (5.73% – 0.23%)
€5,133.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,133.31 ÷ (1 + 5.73%)10
€2,939.85
DB:BIF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,863.24 + €2,939.85
€4,803.10
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,803.10 / 44.96
€106.83
DB:BIF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BIF represents 0.983x of ENXTPA:BB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.983x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 106.83 x 0.983
€105.02
Value per share (EUR) From above. €105.02
Current discount Discount to share price of €75.20
= -1 x (€75.20 - €105.02) / €105.02
28.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Société BIC is available for.
Intrinsic value
28%
Share price is €75.2 vs Future cash flow value of €105.02
Current Discount Checks
For Société BIC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Société BIC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Société BIC's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Société BIC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Société BIC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BIF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €3.80
ENXTPA:BB Share Price ** ENXTPA (2019-04-25) in EUR €76.5
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 17.06x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Société BIC.

DB:BIF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:BB Share Price ÷ EPS (both in EUR)

= 76.5 ÷ 3.80

20.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Société BIC is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Société BIC is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Société BIC's expected growth come at a high price?
Raw Data
DB:BIF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
10.9%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.4x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:BIF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.12x ÷ 10.9%

1.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Société BIC is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Société BIC's assets?
Raw Data
DB:BIF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €36.12
ENXTPA:BB Share Price * ENXTPA (2019-04-25) in EUR €76.5
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:BIF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:BB Share Price ÷ Book Value per Share (both in EUR)

= 76.5 ÷ 36.12

2.12x

* Primary Listing of Société BIC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Société BIC is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Société BIC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Société BIC has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BIF Future Performance

 How is Société BIC expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Société BIC expected to grow at an attractive rate?
  • Société BIC's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Société BIC's earnings growth is positive but not above the Germany market average.
  • Société BIC's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BIF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BIF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 10.9%
DB:BIF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BIF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BIF Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,045 383 254 5
2020-12-31 2,004 367 247 7
2019-12-31 1,975 362 241 7
DB:BIF Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,950 304 173
2018-09-30 1,913 346 230
2018-06-30 1,907 387 230
2018-03-31 1,962 291
2018-01-01 2,041 381 294
2017-09-30 2,032 353 265
2017-06-30 2,066 314 275
2017-03-31 2,026 309 283
2016-12-31 2,026 299 286
2016-09-30 2,252 320 286
2016-06-30 1,891 336 289
2016-03-31 2,248 296 299

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Société BIC's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Société BIC's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BIF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Société BIC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BIF Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.35 5.47 5.19 3.00
2020-12-31 5.33 5.45 5.17 5.00
2019-12-31 5.23 5.34 5.14 4.00
DB:BIF Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 3.80
2018-09-30 5.02
2018-06-30 5.01
2018-03-31 6.30
2018-01-01 6.33
2017-09-30 5.67
2017-06-30 5.89
2017-03-31 6.04
2016-12-31 6.09
2016-09-30 6.08
2016-06-30 6.13
2016-03-31 6.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Société BIC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Société BIC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Société BIC has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BIF Past Performance

  How has Société BIC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Société BIC's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Société BIC's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Société BIC's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Société BIC's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Société BIC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Société BIC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BIF Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,949.76 173.35 496.84
2018-09-30 1,913.05 229.67 464.87
2018-06-30 1,907.29 230.41 487.74
2018-03-31 1,962.45 291.37 481.07
2018-01-01 2,041.41 294.12 503.07
2017-09-30 2,032.47 264.54 518.19
2017-06-30 2,066.48 275.09 512.32
2017-03-31 2,025.67 282.54 513.89
2016-12-31 2,025.77 285.54 497.89
2016-09-30 2,252.31 285.86 590.27
2016-06-30 1,890.97 288.55 459.20
2016-03-31 2,248.21 298.86 558.37
2015-12-31 1,993.42 319.22 485.65
2015-09-30 2,196.12 312.68 572.41
2015-06-30 2,144.60 302.92 518.07
2015-03-31 2,055.72 289.18 532.31
2014-12-31 1,979.12 262.08 489.52
2014-09-30 1,945.21 257.99 498.02
2014-06-30 1,918.82 259.10 489.63
2014-03-31 1,893.41 248.69 485.42
2013-12-31 1,887.81 241.49 491.92
2013-09-30 1,872.01 239.33 476.20
2013-06-30 1,890.40 236.82 494.74
2013-03-31 1,882.31 251.63 487.30
2012-12-31 1,898.71 259.61 498.33
2012-09-30 1,904.39 266.98 508.67
2012-06-30 1,883.80 260.27 488.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Société BIC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Société BIC used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Société BIC's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Société BIC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Société BIC has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BIF Health

 How is Société BIC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Société BIC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Société BIC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Société BIC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Société BIC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 22.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Société BIC Company Filings, last reported 3 months ago.

DB:BIF Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,638.13 54.61 170.39
2018-09-30 1,582.80 0.00 144.80
2018-06-30 1,569.62 189.27 186.39
2018-03-31 1,703.20 0.00 206.80
2018-01-01 1,701.83 58.56 210.02
2017-09-30 1,700.00 0.00 221.20
2017-06-30 1,708.89 208.65 295.88
2017-03-31 1,857.50 0.00 251.80
2016-12-31 1,792.62 51.03 273.20
2016-09-30 1,706.00 0.00 262.00
2016-06-30 1,638.73 152.82 250.97
2016-03-31 1,847.20 0.00 312.10
2015-12-31 1,849.54 10.23 458.20
2015-09-30 1,757.50 0.00 378.40
2015-06-30 1,725.20 185.17 408.88
2015-03-31 1,795.30 0.00 443.70
2014-12-31 1,647.57 85.14 405.29
2014-09-30 1,597.90 0.00 285.20
2014-06-30 1,495.50 195.38 305.38
2014-03-31 1,543.10 0.00 276.30
2013-12-31 1,469.92 114.20 310.93
2013-09-30 1,470.80 0.00 195.60
2013-06-30 1,447.34 57.47 249.29
2013-03-31 1,529.50 0.00 284.50
2012-12-31 1,493.46 12.42 346.90
2012-09-30 1,483.40 0.00 266.80
2012-06-30 1,420.01 25.91 193.73
  • Société BIC's level of debt (3.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (7.7% vs 3.3% today).
  • Debt is well covered by operating cash flow (556.5%, greater than 20% of total debt).
  • Société BIC earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Société BIC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Société BIC has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BIF Dividends

 What is Société BIC's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.51%
Current annual income from Société BIC dividends. Estimated to be 4.5% next year.
If you bought €2,000 of Société BIC shares you are expected to receive €90 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Société BIC's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Société BIC's dividend is above the markets top 25% of dividend payers in Germany (3.67%).
Upcoming dividend payment

Purchase Société BIC before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BIF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BIF Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.42 4.00
2020-12-31 3.45 7.00
2019-12-31 3.45 4.00
DB:BIF Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-18 3.450 4.367
2018-05-17 3.450 4.171
2017-05-10 3.450 3.684
2016-03-23 3.400 2.737
2016-02-17 3.400 2.631
2015-03-24 2.850 1.961
2015-02-11 2.850 2.154
2014-05-15 2.600 2.487
2013-03-25 2.560 2.927
2013-02-13 2.560 2.888
2012-08-02 2.200 2.392
2012-05-10 2.200 2.716
2011-05-11 1.900 2.816
2010-04-01 1.400 2.300
2010-02-17 1.400 2.569

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Société BIC has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Société BIC only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Société BIC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Société BIC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Société BIC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Société BIC has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BIF Management

 What is the CEO of Société BIC's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gonzalve Bich
COMPENSATION €2,389,385
AGE 39
TENURE AS CEO 0.9 years
CEO Bio

Mr. Gonzalve Bich serves as CEO & Director of Société BIC SA since May 16, 2018. He was Chief Operating Officer at Société BIC SA from January 01, 2017 until May 16, 2018 and as its Executive Vice President from June 2016 until May 16, 2018. Mr. Bich served as an Executive Vice President of Consumer Categories & Latin America at Société BIC SA from June 5, 2016 to January 01, 2017. Mr. Bich served as General Manager of Developing Markets at Societe BIC SA (formerly known as BIC Group) until June 5, 2016. He serves as Director of BIC (Nantong) Plastic Products Co. Ltd, China. He serves as Director of BIC Cello (India) Private Ltd and BIC-Cello Exports Private Ltd, India. He serves as Director of BIC UK Ltd, UK. He serves as President of categories of BIC International Co. USA. Mr. Bich joined BIC Asia in 2003, where he developed the regional business for four years. He moved on to served as Group People Development Director before joining the Shaver category as Group Shaver Marketing Director. From 2008 to 2012, he led the Northern European business. In 2012, he served Deputy General Manager, responsible for Middle East, Africa, Oceania and Asia Pacific. He was promoted to General Manager of Developing Markets (including Latin America) in July 2013. Mr. Bich holds a Bachelor of Arts in History from Harvard University.

CEO Compensation
  • Gonzalve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Gonzalve's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Société BIC management team in years:

0.9
Average Tenure
52
Average Age
  • The average tenure for the Société BIC management team is less than 2 years, this suggests a new team.
Management Team

Gonzalve Bich

TITLE
CEO & Director
COMPENSATION
€2M
AGE
39
TENURE
0.9 yrs

Jim DiPietro

TITLE
CFO & Executive VP
COMPENSATION
€2M
AGE
57
TENURE
17.3 yrs

Sophie Palliez-Capian

TITLE
External and Investor Relations Director

Alison James

TITLE
Chief Human Resources Officer
AGE
52

Benoit Marotte

TITLE
Group Commercial Officer

Thomas Brette

TITLE
Group Insights & Innovation Officer of Stationery and Shavers
TENURE
0.2 yrs

Peter Dalsberg

TITLE
Group Supply Chain Officer

Ed Dougherty

TITLE
Strategic Advisor
Board of Directors Tenure

Average tenure and age of the Société BIC board of directors in years:

11.6
Average Tenure
57
Average Age
  • The average tenure for the Société BIC board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Pierre Vareille

TITLE
Chairman of the Board
COMPENSATION
€305K
AGE
61
TENURE
0.9 yrs

Gonzalve Bich

TITLE
CEO & Director
COMPENSATION
€2M
AGE
39
TENURE
0.9 yrs

Marie-Aimée Bich-Dufour

TITLE
Chair of the BIC Foundation for Education
COMPENSATION
€540K
AGE
59
TENURE
0.1 yrs

John Glen

TITLE
Independent Director
COMPENSATION
€58K
AGE
59
TENURE
10.3 yrs

Elizabeth Bastoni

TITLE
Independent Director
COMPENSATION
€70K
AGE
53
TENURE
5.9 yrs

Marie-Henriette Poinsot

TITLE
Director
COMPENSATION
€53K
AGE
56
TENURE
21.9 yrs

Mario Guevara

TITLE
Director
COMPENSATION
€48K
AGE
58
TENURE
17.9 yrs

François Bich

TITLE
Director
COMPENSATION
€23K
AGE
68
TENURE
41.6 yrs

Édouard Bich

TITLE
Director
COMPENSATION
€53K
AGE
54
TENURE
12.9 yrs

Marie-Pauline Chandon-Moët

TITLE
Director
COMPENSATION
€39K
AGE
51
TENURE
15.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Société BIC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Société BIC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BIF News

Simply Wall St News

BIF Company Info

Description

Société BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North America, and internationally. The company offers stationery products, including ball pens, ink, dry gel pens, fineliner pens, graphite pencils, coloring pencils, coloring felt pens, poster paints, water colors, plasticines, double-sided dry eraser whiteboards, mini pocket mouse decor, glue stock décor, markers, stickers, graphic pencils, mechanical pencils, sticky notes, printing products, writing pens, dyes, leads, writing instruments, and correction and adhesive tapes, as well as crayons, arts and crafts kits, correction fluids, correction pens, and erasers. It also provides classic, electronic, decorated, and multipurpose lighters; and shavers for men and women. In addition, the company sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. Further, it is involved in the provision of delivery services; production of industrial equipment; and manufacture and distribution of IT solutions and consumer products, as well as real estate and insurance activities. The company offers its products under primarily the BIC, Cello, Conté, BIC Kids, Tipp-Ex, Wite-Out, BIC Soleil, and BIC Shave Club brands through points-of-sale, individual kiosks, and micro-shops, as well as an e-commerce site. Société BIC SA was founded in 1944 and is headquartered in Clichy, France.

Details
Name: Société BIC SA
BIF
Exchange: DB
Founded: 1944
€3,439,416,897
44,959,698
Website: http://www.bicworld.com
Address: Société BIC SA
14 rue Jeanne d’Asnières,
Cedex,
Clichy,
Ile-de-France, 92611,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA BB Common Stock Euronext Paris FR EUR 02. Jan 1992
OTCPK BICE.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB BIF Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MGP Common Stock London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE BBP Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK BICE.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
13,664
Société BIC employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:51
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.