Société BIC
Market Cap
€2.7b
Last Updated
2020/01/21 20:54 UTC
Data Sources
Company Financials +
Executive Summary
Société BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North America, and internationally.
Rewards
Risk Analysis
No risks detected for BB from our risk checks.
Snowflake Analysis
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
-1.7%
BB
-0.7%
FR Commercial Services
0.4%
FR Market
1 Year Return
-34.1%
BB
3.7%
FR Commercial Services
23.3%
FR Market
Return vs Industry: BB underperformed the French Commercial Services industry which returned 6.3% over the past year.
Return vs Market: BB underperformed the French Market which returned 24.9% over the past year.
Shareholder returns
| BB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -0.7% | 0.4% |
| 30 Day | -3.1% | -0.8% | 1.3% |
| 90 Day | -5.7% | 1.4% | 7.8% |
| 1 Year | -30.6%-34.1% | 7.5%3.7% | 27.6%23.3% |
| 3 Year | -44.4%-50.9% | -14.2%-21.9% | 44.3%30.6% |
| 5 Year | -42.2%-52.2% | -19.9%-32.8% | 63.2%39.8% |
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
2 days ago | Simply Wall St
With A Return On Equity Of 13%, Has Société BIC SA's (EPA:BB) Management Done Well?2 weeks ago | Simply Wall St
Could Société BIC SA (EPA:BB) Have The Makings Of Another Dividend Aristocrat?1 month ago | Simply Wall St
Should You Like Société BIC SA’s (EPA:BB) High Return On Capital Employed?Valuation
Is Société BIC undervalued compared to its fair value and its price relative to the market?
39.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BB (€60.5) is trading below our estimate of fair value (€98.7)
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 (13.5x) compared to the Commercial Services industry average (16.7x).
PE vs Market: BB is good value based on its PE Ratio (13.5x) compared to the French market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: BB is poor value based on its PEG Ratio (2.2x)
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 (1.5x).
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 (-0.1%).
Earnings vs Market: BB's earnings (6% per year) are forecast to grow slower than the French market (11.7% 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) exceed its short term liabilities (€535.6M).
Long Term Liabilities: BB's short term assets (€1.3B) exceed 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?
5.80%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BB's dividend (5.7%) is higher than the bottom 25% of dividend payers in the French market (1.46%).
High Dividend: BB's dividend (5.7%) is in the top 25% of dividend payers in the French market (4.43%)
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?
0.9yrs
Average management tenure
CEO
Gonzalve Bich (40yo)
1.7yrs
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 ($USD2.66M) is above average for companies of similar size in the French market ($USD1.66M).
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
0.9yrs
Average Tenure
55.5yo
Average Age
Experienced Management: BB's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Age and Tenure
4.7yrs
Average Tenure
57.5yo
Average Age
Experienced Board: BB's board of directors are considered experienced (4.7 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: 0.3yrs
Alison James (53yo)
Chief Human Resources Officer
Ed Dougherty
Strategic Advisor
Jim DiPietro (58yo)
CFO & Executive VP
- Tenure: 18yrs
- Compensation: €1.59m
Peter Dalsberg
Group Supply Chain Officer
Benoit Marotte
Group Commercial Officer
Gonzalve Bich (40yo)
CEO & Director
- Tenure: 1.7yrs
- Compensation: €2.39m
Thomas Brette
Group Insights & Innovation Officer of Stationery and Shavers
- Tenure: 0.9yrs
Sophie Palliez-Capian
VP of Corporate Stakeholder Engagement and External & Investor Relations Director
Charles Morgan
Chief Administrative Officer
- Tenure: 0.3yrs
Board Members
Candace Matthews (60yo)
Independent Director
- Tenure: 2.7yrs
- Compensation: €80.38k
Pierre Vareille (62yo)
Independent Chairman of the Board
- Tenure: 1.7yrs
- Compensation: €226.69k
John Glen (60yo)
Independent Director
- Tenure: 11.1yrs
- Compensation: €57.50k
Marie-Aimée Bich-Dufour (60yo)
Director
- Tenure: 0.7yrs
- Compensation: €540.03k
François Bich (69yo)
Director
- Tenure: 42.3yrs
- Compensation: €22.77k
Édouard Bich (55yo)
Director
- Tenure: 13.7yrs
- Compensation: €52.50k
Marie-Pauline Chandon-Moët (52yo)
Director
- Tenure: 16.7yrs
- Compensation: €38.80k
Elizabeth Bastoni (54yo)
Independent Director
- Tenure: 6.7yrs
- Compensation: €69.50k
Gonzalve Bich (40yo)
CEO & Director
- Tenure: 1.7yrs
- Compensation: €2.39m
Vincent Bedhome (53yo)
Employees Representative Director
- Tenure: 2.1yrs
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: €2.678b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BICE.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1992 |
| BB | ENXTPA (Euronext Paris) | Yes | Common Stock | FR | EUR | Jan 1992 |
| BIF | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| 0MGP | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Jan 1992 |
| BBP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Jan 1992 |
| BICE.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/21 20:54 |
| End of Day Share Price | 2020/01/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.