Societe BIC SA
OTC:BICEY
Intrinsic Value
Société BIC SA manufactures and distributes stationery products, lighters, and shavers. [ Read More ]
The intrinsic value of one BICEY stock under the Base Case scenario is 55.76 USD. Compared to the current market price of 35.75 USD, Societe BIC SA is Undervalued by 36%.
Valuation Backtest
Societe BIC SA
Run backtest to discover the historical profit from buying and selling BICEY stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Solid Performance and Dividend Hike
2023-Q4 Earnings Call
In 2023, net sales increased by 9.2% at constant currencies to EUR 2.3 billion, reflecting strong commercial execution and the success of the company's core and innovative products. Adjusted EBIT rose to EUR 333 million, delivering a margin of 14.7%, a 0.7 point jump from 2022, resulting in a higher adjusted earnings per share (EPS) of EUR 5.70, an 11.3% increase. The board proposed a significant 11% increase in the ordinary dividend to EUR 2.85 per share and an exceptional dividend of EUR 1.42 per share, recognizing the team's performance. Adjusted EBIT margins saw variation across divisions, with Human Expression at 7.2%, Flame for Life at 34.1%, and Blade Excellence at 12.7%. The company also focused on growth investments, spending EUR 105 million, 65% of which was growth CapEx.
Balance Sheet Decomposition
Societe BIC SA
Current Assets | 1.5B |
Cash & Short-Term Investments | 487.5m |
Receivables | 403.5m |
Other Current Assets | 598.6m |
Non-Current Assets | 1.2B |
Long-Term Investments | 1m |
PP&E | 623.4m |
Intangibles | 382.3m |
Other Non-Current Assets | 151m |
Current Liabilities | 586.3m |
Accounts Payable | 144.7m |
Other Current Liabilities | 441.6m |
Non-Current Liabilities | 214.4m |
Long-Term Debt | 46.8m |
Other Non-Current Liabilities | 167.6m |
Earnings Waterfall
Societe BIC SA
Revenue
|
2.3B
EUR
|
Cost of Revenue
|
-1.1B
EUR
|
Gross Profit
|
1.1B
EUR
|
Operating Expenses
|
-827.6m
EUR
|
Operating Income
|
320.5m
EUR
|
Other Expenses
|
-94m
EUR
|
Net Income
|
226.5m
EUR
|
Free Cash Flow Analysis
Societe BIC SA
What is Free Cash Flow?
BICEY Profitability Score
Profitability Due Diligence
Societe BIC SA's profitability score is 58/100. The higher the profitability score, the more profitable the company is.
Score
Societe BIC SA's profitability score is 58/100. The higher the profitability score, the more profitable the company is.
BICEY Solvency Score
Solvency Due Diligence
Societe BIC SA's solvency score is 76/100. The higher the solvency score, the more solvent the company is.
Score
Societe BIC SA's solvency score is 76/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
BICEY Price Targets Summary
Societe BIC SA
According to Wall Street analysts, the average 1-year price target for BICEY is 43.27 USD with a low forecast of 39.5 USD and a high forecast of 48.01 USD.
Shareholder Return
BB Price
Societe BIC SA
Average Annual Return | 1.57% |
Standard Deviation of Annual Returns | 27.66% |
Max Drawdown | -47% |
Market Capitalization | 2.8B EUR |
Shares Outstanding | 41 818 973 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Société BIC SA manufactures and distributes stationery products, lighters, and shavers. The company is headquartered in Paris, Ile-De-France and currently employs 10,471 full-time employees. The firm's portfolio of trademark brands belong: BIC, BIC Kids, Wite-out, Pimaco and Tipp-ex, among others. Channels of distribution include stationery stores, office product companies, mass-merchandisers, convenience stores, wholesalers and cash and carry outlets. The company operates worldwide through numerous subsidiaries in Europe, Middle East, Africa Northern America, Latin America, Asia and Oceania. In addition, the Company provides, via BIC Graphic and Norwood PP, advertising and promotional products for marketing purposes to companies around the world, as well as a range of windsurfing boards, kayaks and others, under the brand BIC Sport. In September 2013, it has closed the acquisition of 40% of the last (seventh) stationery entity of Cello Group.
Contact
IPO
Employees
Officers
The intrinsic value of one BICEY stock under the Base Case scenario is 55.76 USD.
Compared to the current market price of 35.75 USD, Societe BIC SA is Undervalued by 36%.