New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (114% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Declared Dividend • Mar 04
Dividend reduced to €2.40 Dividend of €2.40 is 22% lower than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • Mar 04
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Karen Guerra was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Feb 25
Société BIC SA Announces Ordinary Dividend for the Fiscal Year 2025, Payable on June 3, 2026 Société BIC SA announced ordinary dividend of €2.40 per share for fiscal year 2025, to be paid on June 3, 2026, representing an estimated amount of €98 million and 51% pay-out ratio. A total dividend amount of €127 million, or €3.08 per share was paid in June 2025. Announcement • Feb 24
Société BIC SA to Report First Half, 2026 Results on Jul 29, 2026 Société BIC SA announced that they will report first half, 2026 results on Jul 29, 2026 Announcement • Dec 20
Société BIC SA, Annual General Meeting, May 20, 2026 Société BIC SA, Annual General Meeting, May 20, 2026. Announcement • Dec 05
BIC Discontinues Rocketbook and Its Skin Creative Activities BIC announced that following a thorough review of Rocketbook and the tattoo activities grouped under Skin Creative, the Group has decided to discontinue these businesses. The performances of these activities are not aligned with the Group's ambitions. As a result, BIC decided to wind down the operational activities of Rocketbook, Inkbox and Tattly by the first quarter of 2026. Price Target Changed • Oct 30
Price target decreased by 7.5% to €57.90 Down from €62.60, the current price target is an average from 5 analysts. New target price is 20% above last closing price of €48.25. Stock is down 28% over the past year. The company is forecast to post earnings per share of €4.39 for next year compared to €5.10 last year. Major Estimate Revision • Oct 29
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €5.20 to €4.41. Revenue forecast unchanged from €2.09b at last update. Net income forecast to grow 21% next year vs 4.4% growth forecast for Commercial Services industry in France. Consensus price target of €60.80 unchanged from last update. Share price fell 8.4% to €49.75 over the past week. Announcement • Sep 18
Société BIC SA to Report Fiscal Year 2025 Results on Feb 24, 2026 Société BIC SA announced that they will report fiscal year 2025 results on Feb 24, 2026 Announcement • Sep 13
Société BIC SA Announces Board Changes During its meeting held on September 12, 2025, and upon recommendation of the Nominations, Governance and CSR Committee, the Board of Directors of Société BIC SA has coopted three new Directors, which cooptation will be submitted for ratification at the next Shareholders’ Meeting of May 2026: Albert Baladi, an experienced and highly respected leader in the consumer goods industry, replaces Jake Schwartz, who has decided to step down from his role as Independent Director. Albert Baladi will be a member of the Audit Committee and of the Nominations, Governance and CSR Committee. Geoffroy Bich, who has over 30 years of experience within the Group, replaces Timothée Bich, who has decided to step down from his role as Director. Albert Baladi is a recognized expert in the consumer goods and food & beverage industries, with close to four decades of experience. He has held senior positions in marketing and general management at Procter & Gamble, PepsiCo and Yum! Brands, and most recently served as CEO of Beam Suntory (now Suntory Global Spirits). He lives in New York and is a graduate of HEC Lausanne. Geoffroy Bich is Vice President, Business Development at BIC. Grandson of Marcel Bich, he has over 30 years’ experience in the Group, from shopfloor roles to international leadership. He worked in manufacturing across BIC’s three divisions (Human Expression, Flame for Life, and Blade Excellence) and oversaw industrial sites in France, Spain, Brazil, and China. Known for his pragmatic, people-centered approach, he is based in Dubai. Reported Earnings • Aug 03
First half 2025 earnings released: EPS: €1.85 (vs €2.67 in 1H 2024) First half 2025 results: EPS: €1.85 (down from €2.67 in 1H 2024). Revenue: €1.08b (down 5.5% from 1H 2024). Net income: €76.0m (down 32% from 1H 2024). Profit margin: 7.1% (down from 9.8% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Price Target Changed • Jul 07
Price target decreased by 7.6% to €62.67 Down from €67.83, the current price target is an average from 6 analysts. New target price is 22% above last closing price of €51.40. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of €5.38 for next year compared to €5.10 last year. Announcement • Jun 13
Société BIC SA Announces Chief Executive Officer Changes Following a thorough and diligent selection process led by the Succession Committee, the Board of Directors of Société BIC, chaired by Edouard Bich, decided to appoint Rob Versloot as Chief Executive Officer, effective September 15th, 2025. With a distinguished international career and a proven track record of growing organizations successfully, he brings the strategic vision and operational excellence needed to guide BIC into its next phase of sustainable growth. His leadership has consistently delivered strong results while fostering a forward-looking culture qualities that will be instrumental in navigating today's dynamic global landscape. Gonzalve Bich, current Director and Chief Executive Officer, will continue to serve in his role until Rob Versloot officially assumes office. During this transition period, Gonzalve and Rob will work in close partnership, ensuring a seamless handover. This collaborative approach, supported by BIC's Board of Directors and Executive Committee, will sustain business continuity and momentum across all operations. Born in the Netherlands in 1967, Rob Versloot graduated in Business Administration from the University of Groningen in 1992. He began his career at Nutricia & Danone, where he held a series of progressively senior marketing, commercial, and general management roles across Europe, Brazil, Southeast Asia, and Central Asia. In 2008, he joined the Hero Group, initially overseeing regional markets in Europe, North America and China, before being appointed CEO in 2012. During Versloot's tenure, Hero Group has been transformed into an integrated, focused, and fast-growing company, with double-digit pace in the last three years. Over more than three decades in the FMCG sector, Rob has led complex transformations, driven sustainable growth, and built high-performing teams across both emerging and mature markets. Information relating to the financial conditions of the recruitment of Rob Versloot will be made public according to applicable regulations and the recommendations of the AFEP-MEDEF Corporate Governance Code. Upcoming Dividend • May 23
Upcoming dividend of €3.08 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of French dividend payers (5.4%). Higher than average of industry peers (2.5%). Price Target Changed • Apr 15
Price target decreased by 7.9% to €67.83 Down from €73.67, the current price target is an average from 6 analysts. New target price is 19% above last closing price of €56.90. Stock is down 11% over the past year. The company is forecast to post earnings per share of €5.67 for next year compared to €5.10 last year. Declared Dividend • Apr 10
Final dividend of €3.08 announced Shareholders will receive a dividend of €3.08. Ex-date: 30th May 2025 Payment date: 3rd June 2025 Dividend yield will be 8.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 08
Société BIC SA, Annual General Meeting, May 20, 2025 Société BIC SA, Annual General Meeting, May 20, 2025. Location: 12 22 boulevard victor hugo, clichy France Reported Earnings • Feb 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €5.10 (down from €5.30 in FY 2023). Revenue: €2.20b (down 2.9% from FY 2023). Net income: €212.0m (down 6.4% from FY 2023). Profit margin: 9.7% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Feb 18
Société BIC SA to Report First Half, 2025 Results on Jul 30, 2025 Société BIC SA announced that they will report first half, 2025 results on Jul 30, 2025 Announcement • Dec 12
Société BIC SA (ENXTPA:BB) acquired Tangle Teezer Limited from Mayfair Equity Partners LLP for €200 million. Société BIC SA (ENXTPA:BB) acquired Tangle Teezer Limited from Mayfair Equity Partners LLP for €200 million on December 11, 2024.
Société BIC SA (ENXTPA:BB) completed the acquisition of Tangle Teezer Limited from Mayfair Equity Partners LLP on December 11, 2024. Announcement • Nov 06
Société BIC SA to Report Q1, 2025 Results on Apr 23, 2025 Société BIC SA announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €68.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Commercial Services industry in France. Total returns to shareholders of 60% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: €1.77 (vs €1.39 in 3Q 2023) Third quarter 2024 results: EPS: €1.77 (up from €1.39 in 3Q 2023). Revenue: €539.7m (down 3.7% from 3Q 2023). Net income: €73.6m (up 23% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 09
Upcoming dividend of €1.42 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 18 September 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of French dividend payers (5.6%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: €1.85 (vs €1.64 in 2Q 2023) Second quarter 2024 results: EPS: €1.85 (up from €1.64 in 2Q 2023). Revenue: €617.8m (down 3.2% from 2Q 2023). Net income: €77.2m (up 9.0% from 2Q 2023). Profit margin: 13% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 31
Société BIC SA to Report Fiscal Year 2024 Results on Feb 18, 2025 Société BIC SA announced that they will report fiscal year 2024 results After-Market on Feb 18, 2025 Price Target Changed • Jun 22
Price target decreased by 7.4% to €71.33 Down from €77.00, the current price target is an average from 6 analysts. New target price is 28% above last closing price of €55.90. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of €5.41 for next year compared to €5.30 last year. Announcement • Jun 20
Société Bic Sa Provides Sales Guidance for the Full Year 2024 Société BIC SA provided sales guidance for the full year 2024. For the year, the group net sales are now expected to grow low-single digit at constant currency excluding Argentina (versus initially between +5% and +7%). Upcoming Dividend • Jun 03
Upcoming dividend of €2.85 per share Eligible shareholders must have bought the stock before 10 June 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of French dividend payers (5.2%). Higher than average of industry peers (2.4%). Announcement • May 16
Lo Bosworth and BIC Soleil Escape Razors Launch Limited-Edition 5 Senses Shave Kit BIC® Soleil Escape is empowering consumers to slow down and indulge in an everyday escape with the launch of their limited-edition 5 Senses Shave Kit. The sensorial collection is co-created with Love Wellness Founder, personal care advocate, and TV personality, Lo Bosworth, encouraging women to tap into self-care starting with their shave. The thoughtfully curated 5 Senses Shave Kit was inspired by the scented handles of Soleil Escape razors, in fragrances such as Jasmine & Eucalyptus and Vanilla & Berries. Each kit transforms the everyday shave by creating a calming and refreshing experience that tickles all the senses, including: Smell: Immerse yourself with BIC Soleil Escape 5 Blade Razors (two 2-count packs, 4 razors total) with Jasmine & Eucalyptus and Vanilla & Berries scented handles. Taste: Sip on luscious lavender mocktails that have soothing vanilla notes from a delectable dash of vanilla. Hearing: Listen to relaxing tunes or jam out to your favorite beats with a shower-friendly speaker. Touch: Feel deep and rejuvenating exfoliation from a natural lava pumice stone. Sight: Adorn your showerhead with eucalyptus to create an aesthetically pleasing, and luxurious spa-like shower experience. The limited-edition BIC Soleil Escape 5 Senses Shave Kit can be purchased at BIC.com for $59, while supplies last. BIC Soleil Escape razors are available in three additional scents - Citrus, Lavender & Eucalyptus, and Rose & Magnolia – and feature moisture strips with 100% natural almond oil to enhance glide for a smooth and comfortable shave. Soleil Escape razors can be purchased at major retailers nationwide and on e-commerce platforms including Walmart, Target, Amazon, and Walgreens starting at $5.47. Reported Earnings • Mar 31
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €5.30 (up from €4.52 in FY 2022). Revenue: €2.26b (up 1.3% from FY 2022). Net income: €226.5m (up 14% from FY 2022). Profit margin: 10.0% (up from 8.9% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Feb 21
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €5.30 (up from €4.75 in FY 2022). Revenue: €2.26b (up 1.3% from FY 2022). Net income: €226.5m (up 8.4% from FY 2022). Profit margin: 10.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Jan 13
Société BIC SA to Report First Half, 2024 Results on Jul 31, 2024 Société BIC SA announced that they will report first half, 2024 results on Jul 31, 2024 Announcement • Nov 25
Société BIC SA to Report Q4, 2023 Results on Feb 19, 2024 Société BIC SA announced that they will report Q4, 2023 results After-Market on Feb 19, 2024 Announcement • Nov 24
Société BIC SA, Annual General Meeting, May 29, 2024 Société BIC SA, Annual General Meeting, May 29, 2024. Announcement • Oct 29
Société BIC SA to Report Q1, 2024 Results on Apr 23, 2024 Société BIC SA announced that they will report Q1, 2024 results After-Market on Apr 23, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €1.39 (vs €1.06 in 3Q 2022) Third quarter 2023 results: EPS: €1.39 (up from €1.06 in 3Q 2022). Revenue: €560.3m (down 3.4% from 3Q 2022). Net income: €59.8m (up 28% from 3Q 2022). Profit margin: 11% (up from 8.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has increased by 5% 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 27
Bic Announces Appointment of Pascal Chevallier as Director Representing Employees BIC announced the appointment of Pascal Chevallier as Director representing the employees to the Board of Directors of Société BIC. He was nominated by the Group’s Works Council on October 25, 2023. Pascal Chevallier becomes the second Director representing the employees, alongside Héla Madiouni. He has been appointed to replace Vincent Bedhome, whose term has expired. He will serve a three-year term. The Board of Directors warmly thanks Vincent Bedhome for his six years of commitment and collaboration. Pascal Chevallier graduated from the Université of Orsay with a degree in industrial computing and holds a Diplôme d’Etudes Supérieures Spécialisées (DESS) and a master’s degree in physics. In 2002, he started his career at the Bertrand Company before joining the Renault Group and then SEIMAF Automotive and Engineering as a technical pilot and special machinery designer. Since 2014, he has worked as a Special Machine Studies Manager in the Industrialization Department, serving all the divisions. Announcement • Oct 26
Société BIC SA Provides Earnings Guidance for the Full Year 2023 Société BIC SA provided earnings guidance for the full year 2023. For the year, the company expected net sales to grow between 5% and 7% at constant currencies, driven by price and mix. Announcement • Jul 29
Société BIC SA Provides Earnings Guidance for the Full Year 2023 Société BIC SA provided earnings guidance for the full year 2023. For the year, the company expects net sales to grow between 5% and 7% at constant currencies, driven by price and mix. Announcement • Jul 27
Société BIC SA Provides Earnings Guidance for the Year 2023 Société BIC SA provided earnings guidance for the year 2023. Full Year 2023 net sales are expected to grow between 5% and 7% at constant currencies, driven by price and mix. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: €1.64 (vs €1.62 in 2Q 2022) Second quarter 2023 results: EPS: €1.64. Revenue: €638.2m (up 4.4% from 2Q 2022). Net income: €70.8m (down 1.4% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in France. Upcoming Dividend • May 22
Upcoming dividend of €2.56 per share at 4.4% yield Eligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of French dividend payers (5.3%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: €1.17 (vs €1.53 in 1Q 2022) First quarter 2023 results: EPS: €1.17 (down from €1.53 in 1Q 2022). Revenue: €538.7m (up 4.5% from 1Q 2022). Net income: €50.8m (down 25% from 1Q 2022). Profit margin: 9.4% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 17
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €4.75 (down from €7.02 in FY 2021). Revenue: €2.23b (up 22% from FY 2021). Net income: €208.9m (down 34% from FY 2021). Profit margin: 9.4% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Commercial Services industry in France. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Board Société Bic Sa Will Propose Ordinary Dividend Board Société BIC SA will propose a 2.56 euros per share Ordinary Dividend to the next AGM, a 50% payout ratio, and an increase of 19.1% compared to 2021.