ENXTPA:BB

Stock Analysis Report

Executive Summary

Société BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North America, and internationally.

Snowflake

Fundamentals

Flawless balance sheet 6 star dividend payer.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.1%

BB

-1.3%

FR Commercial Services

0.01%

FR Market


1 Year Return

-35.9%

BB

-5.5%

FR Commercial Services

17.5%

FR Market

Return vs Industry: BB underperformed the French Commercial Services industry which returned -5.5% over the past year.

Return vs Market: BB underperformed the French Market which returned 17.5% over the past year.


Shareholder returns

BBIndustryMarket
7 Day-3.1%-1.3%0.01%
30 Day-1.0%0.5%4.4%
90 Day5.2%6.5%8.0%
1 Year-32.5%-35.9%-2.1%-5.5%21.4%17.5%
3 Year-42.7%-49.4%-3.2%-13.1%49.8%35.5%
5 Year-30.2%-42.3%-7.7%-22.7%66.6%43.0%

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?

29.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BB (€61.6) is trading below our estimate of fair value (€87.34)

Significantly Below Fair Value: BB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BB is good value based on its PE Ratio (13.7x) compared to the Commercial Services industry average (16.3x).

PE vs Market: BB is good value based on its PE Ratio (13.7x) compared to the French market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: BB is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: BB is overvalued based on its PB Ratio (1.7x) compared to the FR Commercial Services industry average (1.4x).


Next Steps

Future Growth

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

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BB's forecast earnings growth (6% per year) is above the savings rate (0.7%).

Earnings vs Market: BB's earnings (6% per year) are forecast to grow slower than the French market (11.6% per year).

High Growth Earnings: BB's earnings are forecast to grow, but not significantly.

Revenue vs Market: BB's revenue (0.6% per year) is forecast to grow slower than the French market (4.7% per year).

High Growth Revenue: BB's revenue (0.6% 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 (13.1%).


Next Steps

Past Performance

How has Société BIC performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BB has high quality earnings.

Growing Profit Margin: BB's current net profit margins (10.3%) are lower than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: BB's earnings have declined by -8.1% per year over the past 5 years.

Accelerating Growth: BB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BB had negative earnings growth (-11.9%) over the past year, making it difficult to compare to the Commercial Services industry average (-6.8%).


Return on Equity

High ROE: BB's Return on Equity (12.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Société BIC's financial position?


Financial Position Analysis

Short Term Liabilities: BB's short term assets (€1.3B) exceeds its short term liabilities (€535.6M)

Long Term Liabilities: BB's short term assets (€1.3B) exceeds its long term liabilities (314.0M)


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

Inventory Level: BB has a high level of physical assets or inventory.

Debt Coverage by Assets: BB's debt is not covered by short term assets (assets are -29.5x debt).


Next Steps

Dividend

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

5.60%

Current Dividend Yield


Dividend Yield vs Market

company5.6%marketbottom25%1.5%markettop25%4.5%industryaverage3.5%forecastin3Years5.4%

Current dividend yield vs market & industry

Notable Dividend: BB's dividend (5.6%) is higher than the bottom 25% of dividend payers in the French market (1.49%).

High Dividend: BB's dividend (5.6%) is in the top 25% of dividend payers in the French market (4.49%)


Stability and Growth of Payments

Stable Dividend: BB's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.9%), BB's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BB's dividends in 3 years are forecast to be covered by earnings (63.7% payout ratio).


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Gonzalve Bich (40yo)

1.5yrs

Tenure

€2,389,385

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 ($USD2.65M) is above average for companies of similar size in the French market ($USD1.34M).

Compensation vs Earnings: Gonzalve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

0.8yrs

Average Tenure

55.5yo

Average Age

Experienced Management: BB's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

4.5yrs

Average Tenure

57.5yo

Average Age

Experienced Board: BB's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

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.


Management Team

  • Sara LaPorta (58yo)

    Chief Strategy & Business Development Officer

    • Tenure: 0.08yrs
  • Alison James (53yo)

    Chief Human Resources Officer

    • Tenure: 0yrs
  • Ed Dougherty

    Strategic Advisor

    • Tenure: 0yrs
  • Jim DiPietro (58yo)

    CFO & Executive VP

    • Tenure: 17.8yrs
    • Compensation: €1.59m
  • Peter Dalsberg

    Group Supply Chain Officer

    • Tenure: 0yrs
  • Benoit Marotte

    Group Commercial Officer

    • Tenure: 0yrs
  • Gonzalve Bich (40yo)

    CEO & Director

    • Tenure: 1.5yrs
    • Compensation: €2.39m
  • Thomas Brette

    Group Insights & Innovation Officer of Stationery and Shavers

    • Tenure: 0.8yrs
  • Sophie Palliez-Capian

    External and Investor Relations Director

    • Tenure: 0yrs
  • Charles Morgan

    Chief Administrative Officer

    • Tenure: 0.08yrs

Board Members

  • Candace Matthews (60yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: €80.38k
  • Pierre Vareille (62yo)

    Independent Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: €226.69k
  • John Glen (60yo)

    Independent Director

    • Tenure: 10.9yrs
    • Compensation: €57.50k
  • Marie-Aimée Bich-Dufour (60yo)

    Director

    • Tenure: 0.5yrs
    • Compensation: €540.03k
  • François Bich (69yo)

    Director

    • Tenure: 42.2yrs
    • Compensation: €22.77k
  • Édouard Bich (55yo)

    Director

    • Tenure: 13.5yrs
    • Compensation: €52.50k
  • Marie-Pauline Chandon-Moët (52yo)

    Director

    • Tenure: 16.5yrs
    • Compensation: €38.80k
  • Elizabeth Bastoni (54yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: €69.50k
  • Gonzalve Bich (40yo)

    CEO & Director

    • Tenure: 1.5yrs
    • Compensation: €2.39m
  • Vincent Bedhome (53yo)

    Employees Representative Director

    • Tenure: 1.9yrs

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: €2.772b
  • Shares outstanding: 45.00m
  • Website: https://www.bicworld.com

Number of Employees


Location

  • Société BIC SA
  • 14 rue Jeanne d’Asnières
  • Cedex
  • Clichy
  • Ile-de-France
  • 92611
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BICE.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
BBENXTPA (Euronext Paris)YesCommon StockFREURJan 1992
BIFDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
0MGPLSE (London Stock Exchange)YesCommon StockGBEURJan 1992
BBPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1992
BICE.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

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 ge ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 20:53
End of Day Share Price2019/11/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.