Buy Or Sell Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to €9.20. The fair value is estimated to be €11.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period. Declared Dividend • May 20
First half dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 28th August 2026 Payment date: 24th November 2026 Dividend yield will be 247%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Bic Camera Inc. to Report Q3, 2026 Results on Jul 14, 2026 Bic Camera Inc. announced that they will report Q3, 2026 results on Jul 14, 2026 Announcement • Apr 03
Bic Camera Inc. to Report Q2, 2026 Results on Apr 10, 2026 Bic Camera Inc. announced that they will report Q2, 2026 results on Apr 10, 2026 Announcement • Nov 07
Bic Camera Inc. to Report Q1, 2026 Results on Jan 14, 2026 Bic Camera Inc. announced that they will report Q1, 2026 results on Jan 14, 2026 Announcement • Aug 09
Bic Camera Inc. to Report Fiscal Year 2025 Results on Oct 10, 2025 Bic Camera Inc. announced that they will report fiscal year 2025 results on Oct 10, 2025 Announcement • May 09
Bic Camera Inc. to Report Q3, 2025 Results on Jul 11, 2025 Bic Camera Inc. announced that they will report Q3, 2025 results on Jul 11, 2025 Announcement • Feb 20
Bic Camera Inc. to Report Q2, 2025 Results on Apr 11, 2025 Bic Camera Inc. announced that they will report Q2, 2025 results on Apr 11, 2025 Announcement • Nov 22
Bic Camera Inc. to Report Q1, 2025 Results on Jan 14, 2025 Bic Camera Inc. announced that they will report Q1, 2025 results on Jan 14, 2025 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €10.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 7x in the Specialty Retail industry in Germany. Total returns to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.67 per share. Reported Earnings • Oct 16
Full year 2024 earnings released: EPS: JP¥81.25 (vs JP¥17.15 in FY 2023) Full year 2024 results: EPS: JP¥81.25 (up from JP¥17.15 in FY 2023). Revenue: JP¥922.6b (up 13% from FY 2023). Net income: JP¥13.9b (up 374% from FY 2023). Profit margin: 1.5% (up from 0.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
Bic Camera Inc., Annual General Meeting, Nov 21, 2024 Bic Camera Inc., Annual General Meeting, Nov 21, 2024. Announcement • Aug 09
Bic Camera Inc. to Report Fiscal Year 2024 Results on Oct 11, 2024 Bic Camera Inc. announced that they will report fiscal year 2024 results at 12:00 PM, Tokyo Standard Time on Oct 11, 2024 Buy Or Sell Opportunity • Jul 22
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.7% to €10.20. The fair value is estimated to be €8.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Jul 15
Third quarter 2024 earnings released: EPS: JP¥29.21 (vs JP¥2.41 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.21 (up from JP¥2.41 in 3Q 2023). Revenue: JP¥240.2b (up 17% from 3Q 2023). Net income: JP¥5.00b (up JP¥4.59b from 3Q 2023). Profit margin: 2.1% (up from 0.2% in 3Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 01
Now 12% overvalued after recent price rise Over the last 90 days, the stock has risen 9.4% to €8.75. The fair value is estimated to be €7.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • Jun 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €8.95. The fair value is estimated to be €7.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Announcement • May 20
Bic Camera Inc. to Report Q3, 2024 Results on Jul 12, 2024 Bic Camera Inc. announced that they will report Q3, 2024 results on Jul 12, 2024 Declared Dividend • Apr 15
First half dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 29th August 2024 Payment date: 25th November 2024 Dividend yield will be 135%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 91% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 14
Second quarter 2024 earnings released: EPS: JP¥24.78 (vs JP¥20.80 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.78 (up from JP¥20.80 in 2Q 2023). Revenue: JP¥237.0b (up 10.0% from 2Q 2023). Net income: JP¥4.24b (up 19% from 2Q 2023). Profit margin: 1.8% (in line with 2Q 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.3%). Announcement • Feb 11
Bic Camera Inc. to Report Q2, 2024 Results on Apr 12, 2024 Bic Camera Inc. announced that they will report Q2, 2024 results on Apr 12, 2024 Reported Earnings • Jan 15
First quarter 2024 earnings released: EPS: JP¥7.67 (vs JP¥3.77 in 1Q 2023) First quarter 2024 results: EPS: JP¥7.67 (up from JP¥3.77 in 1Q 2023). Revenue: JP¥210.5b (up 9.5% from 1Q 2023). Net income: JP¥1.31b (up 103% from 1Q 2023). Profit margin: 0.6% (up from 0.3% in 1Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Nov 17
Bic Camera Inc. to Report Q1, 2024 Results on Jan 12, 2024 Bic Camera Inc. announced that they will report Q1, 2024 results on Jan 12, 2024 Announcement • Oct 13
Bic Camera Inc., Annual General Meeting, Nov 22, 2023 Bic Camera Inc., Annual General Meeting, Nov 22, 2023. Reported Earnings • Oct 12
Full year 2023 earnings released: EPS: JP¥17.15 (vs JP¥33.21 in FY 2022) Full year 2023 results: EPS: JP¥17.15 (down from JP¥33.21 in FY 2022). Revenue: JP¥815.6b (up 2.9% from FY 2022). Net income: JP¥2.94b (down 49% from FY 2022). Profit margin: 0.4% (down from 0.7% in FY 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 20 November 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.8%). Announcement • Aug 10
Bic Camera Inc. to Report Fiscal Year 2023 Results on Oct 11, 2023 Bic Camera Inc. announced that they will report fiscal year 2023 results on Oct 11, 2023 Reported Earnings • Jul 16
Third quarter 2023 earnings released: EPS: JP¥2.41 (vs JP¥19.73 in 3Q 2022) Third quarter 2023 results: EPS: JP¥2.41 (down from JP¥19.73 in 3Q 2022). Revenue: JP¥204.8b (flat on 3Q 2022). Net income: JP¥412.0m (down 88% from 3Q 2022). Profit margin: 0.2% (down from 1.7% in 3Q 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Announcement • May 17
Bic Camera Inc. to Report Q3, 2023 Results on Jul 11, 2023 Bic Camera Inc. announced that they will report Q3, 2023 results on Jul 11, 2023 Reported Earnings • Apr 13
Second quarter 2023 earnings released: EPS: JP¥20.80 (vs JP¥20.31 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.80. Revenue: JP¥215.5b (up 1.0% from 2Q 2022). Net income: JP¥3.56b (flat on 2Q 2022). Profit margin: 1.7% (in line with 2Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail industry in Germany. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥5.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%). Announcement • Feb 19
Bic Camera Inc. to Report Q2, 2023 Results on Apr 11, 2023 Bic Camera Inc. announced that they will report Q2, 2023 results on Apr 11, 2023 Reported Earnings • Jan 12
First quarter 2023 earnings released: EPS: JP¥3.77 (vs JP¥6.87 in 1Q 2022) First quarter 2023 results: EPS: JP¥3.77 (down from JP¥6.87 in 1Q 2022). Revenue: JP¥192.2b (up 7.4% from 1Q 2022). Net income: JP¥645.0m (down 47% from 1Q 2022). Profit margin: 0.3% (down from 0.7% in 1Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Nov 19
Bic Camera Inc. to Report Q1, 2023 Results on Jan 11, 2023 Bic Camera Inc. announced that they will report Q1, 2023 results on Jan 11, 2023 Reported Earnings • Oct 13
Full year 2022 earnings released: EPS: JP¥33.21 (vs JP¥49.80 in FY 2021) Full year 2022 results: EPS: JP¥33.21 (down from JP¥49.80 in FY 2021). Revenue: JP¥792.4b (down 5.0% from FY 2021). Net income: JP¥5.77b (down 34% from FY 2021). Profit margin: 0.7% (down from 1.1% in FY 2021). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 22 November 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.1%). Announcement • Aug 20
Bic Camera Inc. to Report Fiscal Year 2022 Results on Oct 12, 2022 Bic Camera Inc. announced that they will report fiscal year 2022 results on Oct 12, 2022 Reported Earnings • Jul 13
Third quarter 2022 earnings released: EPS: JP¥19.73 (vs JP¥17.61 in 3Q 2021) Third quarter 2022 results: EPS: JP¥19.73 (up from JP¥17.61 in 3Q 2021). Revenue: JP¥204.1b (down 5.1% from 3Q 2021). Net income: JP¥3.39b (up 9.4% from 3Q 2021). Profit margin: 1.7% (up from 1.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 2.8%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jul 09
Bic Camera Inc. to Report Q3, 2022 Results on Jul 12, 2022 Bic Camera Inc. announced that they will report Q3, 2022 results on Jul 12, 2022 Reported Earnings • Apr 14
Second quarter 2022 earnings released: EPS: JP¥20.31 (vs JP¥20.29 in 2Q 2021) Second quarter 2022 results: EPS: JP¥20.31. Revenue: JP¥213.4b (down 3.3% from 2Q 2021). Net income: JP¥3.56b (flat on 2Q 2021). Profit margin: 1.7% (up from 1.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.1%, compared to a 13% growth forecast for the industry in Germany. Announcement • Apr 12
Bic Camera Inc. Announces Earnings Guidance for the Year Ending August 31, 2022 Bic Camera Inc. announced earnings guidance for the year ending August 31, 2022. For the year, the company expected Net sales of JPY 806,000 Million, Operating profit to be JPY 17,800 Million, Profit attributable to owners of parent to be JPY 9,500 Million and Earnings per share to be JPY 54.37. Buying Opportunity • Mar 10
Now 20% undervalued Over the last 90 days, the stock is up 5.4%. The fair value is estimated to be JP¥9.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years. Announcement • Feb 24
Bic Camera Inc. to Report Q2, 2022 Results on Apr 12, 2022 Bic Camera Inc. announced that they will report Q2, 2022 results on Apr 12, 2022 Upcoming Dividend • Feb 18
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.3%). Reported Earnings • Jan 14
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: JP¥6.87 (down from JP¥12.00 in 1Q 2021). Revenue: JP¥179.0b (down 11% from 1Q 2021). Net income: JP¥1.21b (down 43% from 1Q 2021). Profit margin: 0.7% (down from 1.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 2.4%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jan 13
Bic Camera Inc. Provides Consolidated Earnings Guidance for Fiscal Year Ending August 31, 2022 Bic Camera Inc. provided consolidated earnings guidance for the fiscal year ending August 31, 2022. The company expected net sales to be JPY 806,000 million, operating income to be JPY 15,700 million, profit attributable to owners of parent to be JPY 8,800 million and net income per share to be JPY 50.02. Reported Earnings • Oct 14
Full year 2021 earnings released: EPS JP¥49.80 (vs JP¥30.98 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥834.1b (down 1.6% from FY 2020). Net income: JP¥8.76b (up 61% from FY 2020). Profit margin: 1.1% (up from 0.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 20 November 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.3%). Reported Earnings • Jul 12
Third quarter 2021 earnings released: EPS JP¥17.61 (vs JP¥5.55 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥215.2b (up 17% from 3Q 2020). Net income: JP¥3.10b (up JP¥4.08b from 3Q 2020). Profit margin: 1.4% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 14
Second quarter 2021 earnings released: EPS JP¥20.29 (vs JP¥11.40 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥220.7b (flat on 2Q 2020). Net income: JP¥3.57b (up 78% from 2Q 2020). Profit margin: 1.6% (up from 0.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Apr 13
Bic Camera Inc. Provides Consolidated Earnings Guidance Full Year Ending August 31, 2021 Bic Camera Inc. provided consolidated earnings guidance full year ending August 31, 2021. For the period, the company expected net sales of JPY 866,000 million, operating profit of JPY 17,700 million, profit attributable to owners of parent of JPY 10,200 million and net income per share of JPY 57.98. Announcement • Mar 03
Bic Camera Inc. to Report Q2, 2021 Results on Apr 12, 2021 Bic Camera Inc. announced that they will report Q2, 2021 results on Apr 12, 2021 Analyst Estimate Surprise Post Earnings • Jan 18
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 7.4%, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Analyst Estimate Surprise Post Earnings • Jan 15
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 7.4%, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Analyst Estimate Surprise Post Earnings • Jan 12
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 7.4%, compared to a 7.5% growth forecast for the Specialty Retail industry in Germany. Analyst Estimate Surprise Post Earnings • Jan 10
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 7.2%, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Announcement • Nov 29
Bic Camera Inc. to Report Q1, 2021 Results on Jan 08, 2021 Bic Camera Inc. announced that they will report Q1, 2021 results on Jan 08, 2021 Is New 90 Day High Low • Oct 12
New 90-day high: €10.20 The company is up 7.0% from its price of €9.55 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.01 per share. Analyst Estimate Surprise Post Earnings • Oct 10
Annual earnings released: Revenue beats expectations Annual revenue exceeded analyst estimates by 0.7% at JP¥847.9b. Revenue is forecast to grow 4.6% over the next year, compared to a 5.6% growth forecast for the Specialty Retail industry in Germany. Reported Earnings • Oct 10
Full year earnings released - EPS €30.98 Over the last 12 months the company has reported total profits of JP¥5.45b, down 61% from the prior year. Total revenue was JP¥847.9b over the last 12 months, down 5.2% from the prior year. Profit margins were 0.6%, which is lower than the 1.6% margin from last year. The decrease in margin was driven by lower revenue. Announcement • Oct 08
Bic Camera Inc. to Report Fiscal Year 2020 Results on Oct 09, 2020 Bic Camera Inc. announced that they will report fiscal year 2020 results on Oct 09, 2020