Operating Margin

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Price: 61.84 USD Market Closed

Market Cap: $2.6B

15%

Improving

by 1.4%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

15%

Operating Income

€401.6m

Revenue

€2.7B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

15%

Operating Income

$401.6m

Revenue

€2.7B

Peer Comparison

Country		Company	Market Cap	Operating Margin
FR		Societe BIC SA PAR:BB	2.3B EUR	Loading...
US		MSA Safety Inc NYSE:MSA	7.1B USD	Loading...
CN		Shanghai M&G Stationery Inc SSE:603899	26.2B CNY	Loading...
US		HNI Corp NYSE:HNI	3.4B USD	Loading...
JP		Kokuyo Co Ltd TSE:7984	404B JPY	Loading...
US		Interface Inc NASDAQ:TILE	1.9B USD	Loading...
US		Steelcase Inc NYSE:SCS	1.9B USD	Loading...
US		Pitney Bowes Inc NYSE:PBI	1.7B USD	Loading...
JP		Okamura Corp TSE:7994	228.8B JPY	Loading...
US	M	MillerKnoll Inc NASDAQ:MLKN	1.4B USD	Loading...
JP		Pilot Corp TSE:7846	186.4B JPY	Loading...

Market Distribution

Min	-17 526.7%
30th Percentile	1.3%
Median	6.1%
70th Percentile	11.5%
Max	89 700%

Other Profitability Ratios

Societe BIC SA
Glance View

Economic Moat

None

Market Cap

2.6B USD

Industry

Commercial Services & Supplies

Societe BIC SA, an enduring fixture in the global marketplace, has built its reputation on simplicity, functionality, and affordability. Founded in 1945 by Marcel Bich in France, the company initially gained fame with its innovative ballpoint pen. Designed for mass production and use, this pen, named the "BIC Cristal," became emblematic of BIC's formula: everyday products made accessible to every consumer. Over the years, BIC has expanded its product line to include a wide variety of writing instruments, lighters, and razors, all while maintaining its commitment to quality and efficient manufacturing. Through vertical integration, BIC has succeeded in controlling costs and ensuring consistent product quality, a crucial factor in its success. BIC's business model thrives on a robust distribution network that spans across more than 160 countries, ensuring its products are readily accessible on retail shelves worldwide. The company capitalizes on the small but consistent demands for its everyday items, generating steady revenue streams. Its pricing strategy and commitment to continuous product innovation allow BIC to fend off competition from cheaper and at times less reliable alternatives. Whether it's a pen that rarely fails to write smoothly, a lighter that lights every time, or a razor that offers a clean shave, BIC ensures its customers receive reliable, functional products. This combination of product reliability, strategic pricing, and comprehensive market reach has allowed BIC to remain a dominant player in the consumer goods industry for decades.

View BICEF Analysis

BICEF Intrinsic Value

Undervaluation 17%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Societe BIC SA
OTC:BICEF

Peer Comparison

Market Distribution

Other Profitability Ratios

Societe BIC SA
Glance View

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Societe BIC SA OTC:BICEF