ENXTPA:BB

Stock Analysis Report

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Market Cap

€2.7b

Last Updated

2021/06/14 19:25 UTC

Data Sources

Company Financials +

Executive Summary

Société BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North and Latin America, the Middle East and Africa, the Oceania, and Asia. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Société BIC's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BB is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BB's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.6%

BB

-0.4%

FR Commercial Services

1.6%

FR Market


1 Year Return

32.8%

BB

49.8%

FR Commercial Services

37.9%

FR Market

Return vs Industry: BB underperformed the French Commercial Services industry which returned 49.8% over the past year.

Return vs Market: BB underperformed the French Market which returned 37.9% over the past year.


Shareholder returns

BBIndustryMarket
7 Day-2.6%-0.4%1.6%
30 Day-7.4%-1.3%3.7%
90 Day19.8%8.8%10.4%
1 Year36.7%32.8%52.0%49.8%42.0%37.9%
3 Year-15.1%-25.6%-1.5%-8.0%31.5%20.7%
5 Year-39.9%-51.1%10.5%-4.7%90.9%63.1%

Long-Term Price Volatility Vs. Market

How volatile is Société BIC's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Société BIC undervalued compared to its fair value and its price relative to the market?

48.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BB (€59.1) is trading below our estimate of fair value (€115.87)

Significantly Below Fair Value: BB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BB is good value based on its PE Ratio (11.5x) compared to the French Commercial Services industry average (24.4x).

PE vs Market: BB is good value based on its PE Ratio (11.5x) compared to the French market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: BB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BB is good value based on its PB Ratio (1.6x) compared to the FR Commercial Services industry average (1.9x).


Future Growth

How is Société BIC forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BB's earnings are forecast to decline over the next 3 years (-11.2% per year).

Earnings vs Market: BB's earnings are forecast to decline over the next 3 years (-11.2% per year).

High Growth Earnings: BB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BB's revenue (3% per year) is forecast to grow slower than the French market (6.9% per year).

High Growth Revenue: BB's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BB's Return on Equity is forecast to be low in 3 years time (11.3%).


Past Performance

How has Société BIC performed over the past 5 years?

-16.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BB has high quality earnings.

Growing Profit Margin: BB's current net profit margins (13.7%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: BB's earnings have declined by 16.8% per year over the past 5 years.

Accelerating Growth: BB's earnings growth over the past year (42.4%) exceeds its 5-year average (-16.8% per year).

Earnings vs Industry: BB earnings growth over the past year (42.4%) exceeded the Commercial Services industry -12.3%.


Return on Equity

High ROE: BB's Return on Equity (14.2%) is considered low.


Financial Health

How is Société BIC's financial position?


Financial Position Analysis

Short Term Liabilities: BB's short term assets (€1.4B) exceed its short term liabilities (€560.8M).

Long Term Liabilities: BB's short term assets (€1.4B) exceed its long term liabilities (€249.3M).


Debt to Equity History and Analysis

Debt Level: BB is debt free.

Reducing Debt: BB currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: BB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

3.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BB's dividend (3.05%) is higher than the bottom 25% of dividend payers in the French market (1.29%).

High Dividend: BB's dividend (3.05%) is low compared to the top 25% of dividend payers in the French market (3.69%).


Stability and Growth of Payments

Stable Dividend: BB's dividend payments have been volatile in the past 10 years.

Growing Dividend: BB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.2%), BB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BB's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Gonzalve Bich (41 yo)

3.08yrs

Tenure

€2,911,211

Compensation

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 Presiden...


CEO Compensation Analysis

Compensation vs Market: Gonzalve's total compensation ($USD3.52M) is above average for companies of similar size in the French market ($USD1.45M).

Compensation vs Earnings: Gonzalve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BB's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: BB's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Société BIC SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société BIC SA
  • Ticker: BB
  • Exchange: ENXTPA
  • Founded: 1944
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: €2.660b
  • Shares outstanding: 45.00m
  • Website: https://www.bicworld.com

Number of Employees


Location

  • Société BIC SA
  • 14 rue Jeanne d'Asnieres
  • Cedex
  • Clichy
  • Ile-de-France
  • 92611
  • France

Listings


Biography

Société BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North and Latin America, the Middle East and Africa, the Oceania, and Asia. It offers ball and coloring felt...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/14 19:25
End of Day Share Price2021/06/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.