Societe BIC

Societe BIC designs, manufactures and distributes the following consumer products: stationery products, lighters, shavers, and other products. Its stationery products include writing instruments such as ball pens, felt pens, mechanical pencils; marking instruments; coloring and drawing instruments; correction instruments and glues. Co.'s stationery products are sold under the BIC® Kids, Tipp-Ex®, Wite-Out®, Sheaffer® and PIMACO® brands. Its other products segment includes promotional products including notebooks, key rings, magnets, and drinkware; Sport sales (surfboards, windsurf boards, kayaks and sailboats); adhesive labels and adhesive raw materials.
  • TickerBB
  • ISINFR0000120966
  • ExchangeEuronext Paris
  • SectorHousehold Goods & Home Construction
  • CountryFrance

Analysts

Matthieu DRIOL

Analyse court terme - BIC : La tendance est haussière.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 83,35 € puis 84,95 €. La rupture de 72,98 € mettrait la tendance en danger.

Matthieu DRIOL

Short term view - BIC : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at €83.35 and then €84.95. The break of €72.98 would endanger the trend.

Matthieu DRIOL

Analyse court terme - BIC : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 83,35 € puis 84,95 €. La rupture de 72,98 € mettrait la tendance en danger.

Matthieu DRIOL

Short term view - BIC : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €83.35 and then €84.95. The break of €72.98 would endanger the trend.

Matthieu DRIOL

Analyse moyen terme - BIC : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 84,95 € et que les prix baissent à nouveau vers 70,15 €. La tendance de fond serait remise en cause en cas de franchissement de 84,95 €.

Christophe Chaput

Bic : A relatively satisfactory Q3 but a decline in margins which remains strong in Q3 (-150bp)

>A satisfactory Q3: Underlying operating profit of € 76.8m vs € 71.4m est. (consensus € 74.4m) - Bic reported robust Q3 earnings marked by: a sales increase of +1.2% to € 477.5m, i.e. slightly higher than our forecast (€ 464.5m) and the consensus estimate (€ 470.2m). The difference with our estimates is explained by stronger organic growth than our forecast (+5.2% vs +4.0% estimated) which confirms the group's estimates of a sales rebound in Q3 (reminder H1 2018:...

Christophe Chaput

Bic : Un T3 relativement satisfaisant mais un recul des marges qui reste prononcé au T3 (-150 pb)

>Un troisième trimestre satisfaisant : ROC 76.8 M€ vs 71.4 M€e (css 74.4 M€) - Au titre de son troisième trimestre, le groupe Bic publie des résultats satisfaisants qui se caractérisent par : Une progression du chiffre d’affaires de 1.2% à 477.5 M€ soit un niveau légèrement supérieur à nos estimations (464.5 M€) et celles du consensus (470.2 M€). L’écart avec nos estimations s’explique par une croissance organique plus forte que nous ne l’estimions (+5.2% vs +4.0...

Cedric Rossi

BIC Reassuring Q3 Results, FY18 Outlook Reiterated

Q3 LFL Beat Expectations (+5.2% vs. +3.6%e) Positive Contribution from All Three Core Categories NIFO margin contracted 150bp to 16.1% (CS: 15.8%) FY18 Outlook Maintained

Cedric Rossi

BIC: Trends should improve in H2 in a volatile and tough environment

BIC: (NEUTRAL, Fair Value EUR92 vs. EUR94 (+25%)) Trends should improve in H2 in a volatile and tough environment While remaining optimistic on a clear top-line acceleration over H2 (i.e. +4-4.5% required to achieve the lower end of the +1-3% guidance vs. -1.9% LFL in H1), management confirmed lesser favourability for production costs (-100bp in H2 vs. +100bp in H1), hence the confirmation of the NIFO target which implies a more significant margin decline through the rest of the year. We nudge down our forecasts by ~2% on average, leading to our new FV of EUR92. Neutral recommendation reiterat...

Alejandro Acosta, CFA

BIC - Summary edition

With changing distribution channels, part of BIC’s old competitive advantages is more transient and less durable than it appeared at a first glance. Is the castle being overtaken?  

3 directors sold

Three Directors at Bic Sa sold 12,921 shares at between 85.526EUR and 85.943EUR. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. T...

Alexandre Iatrides ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 24/10/2018

...

Alexandre Iatrides ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 10/24/2018

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Charles Pinel

Proxy Report - 16/05/2018

The company will dissociate the functions of the Chairman of the Board and the CEO after Bruno Bich’s leaving. We support the candidacy of Pierre Vareille as Chairman of the company, as well as Gonzalve Bich as CEO (resolutions 9 and 10). Due to the lack of a majority of independant members in the Board, and a slight overrepresentation of Bich’s family at the Board, we recommend the opposition to the renewals of Marie-Henriette Poinsot, and the MBD family holding (resolutions 7 and 8). Concerning the executive compensation, Proxinvest regrets a lack of transparency about long-term compensati...

Charles Pinel

Proxy Report - 16/05/2018

Avec le départ de Bruno Bich qui interviendra à la présente assemblée générale, la société dissocie les fonctions de Président du conseil et de Directeur Général. Nous soutenons par conséquent la candidature de Pierre Vareille pour la fonction de Président du conseil, et celle de Gonzalve Bich au poste de Directeur général (résolutions 9 et 10). En raison de l'absence d'une majorité de membres libres de conflits d'intérêt potentiels et d'une légère sur-représentation au conseil de la famille Bich qui est représentée par 5 membres, soit 45,5% du total des sièges, alors qu'elle ne détient que 4...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

Matthieu DRIOL

Analyse court terme - BIC : La tendance est haussière.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 83,35 € puis 84,95 €. La rupture de 72,98 € mettrait la tendance en danger.

Matthieu DRIOL

Short term view - BIC : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at €83.35 and then €84.95. The break of €72.98 would endanger the trend.

Matthieu DRIOL

Analyse court terme - BIC : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 83,35 € puis 84,95 €. La rupture de 72,98 € mettrait la tendance en danger.

Matthieu DRIOL

Short term view - BIC : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €83.35 and then €84.95. The break of €72.98 would endanger the trend.

Matthieu DRIOL

Analyse moyen terme - BIC : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 84,95 € et que les prix baissent à nouveau vers 70,15 €. La tendance de fond serait remise en cause en cas de franchissement de 84,95 €.

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