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Societe BIC SA
OTC:BICEY

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Societe BIC SA Logo
Societe BIC SA
OTC:BICEY
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Price: 35.75 USD 0.91% Market Closed
Updated: Mar 29, 2024

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%.

Key Points:
BICEY Intrinsic Value
Base Case
55.76 USD
Undervaluation 36%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Societe BIC SA

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Fundamental Analysis

Solid Performance and Dividend Hike
2023-Q4 Earnings Call

Solid Performance and Dividend Hike

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
What is Free Cash Flow?
Fundamental Scores

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.

Positive Gross Profit
Positive Free Cash Flow
Positive 3-Years Revenue Growth
ROE is Increasing
58/100
Profitability
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.

Negative Net Debt
Low D/E
Long-Term Solvency
High Altman Z-Score
76/100
Solvency
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

Wall Street analysts forecast BICEY stock price to rise over the next 12 months.

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.

Lowest
Price Target
39.5 USD
11% Upside
Average
Price Target
43.27 USD
21% Upside
Highest
Price Target
48.01 USD
34% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

BB Price
Societe BIC SA

1M 1M
-1%
6M 6M
+6%
1Y 1Y
+12%
3Y 3Y
+41%
5Y 5Y
-1%
10Y 10Y
-4%
Annual Price Range
66.2
52w Low
51.65
52w High
69.25
Price Metrics
Average Annual Return 1.57%
Standard Deviation of Annual Returns 27.66%
Max Drawdown -47%
Shares Statistics
Market Capitalization 2.8B EUR
Shares Outstanding 41 818 973
Percentage of Shares Shorted
N/A

BB Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Societe BIC SA Logo
Societe BIC SA

Country

France

Industry

Commercial Services & Supplies

Market Cap

2.8B USD

Dividend Yield

3.86%

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

ILE-DE-FRANCE
Paris
14, rue Jeanne d'Asnieres, Clichy cedex
+33145195200.0
https://www.bicworld.com

IPO

1972-11-15

Employees

10 471

Officers

CEO & Director
Mr. Gonzalve Bich
Chief Financial Officer
Mr. Chad J. Spooner
Chief Administrative Officer
Mr. Charles Morgan
Head of Investor Relations
Ms. Kimberly Stewart
Group Legal & General Counsel
Ms. Esther Wick
Chief Human Resources Officer
Ms. Mallory Martino
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Chief Strategy & Business Development Officer
Ms. Sara A. LaPorta
Group Commercial Officer
Mr. Chester Twigg
Group Insights, Innovation & Sustainability Officer
Ms. Elizabeth Maul
Show Less

See Also

Discover More
What is the Intrinsic Value of one BICEY stock?

The intrinsic value of one BICEY stock under the Base Case scenario is 55.76 USD.

Is BICEY stock undervalued or overvalued?

Compared to the current market price of 35.75 USD, Societe BIC SA is Undervalued by 36%.