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
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 : Q2 results prove resilient but H2 still uncertain. Neutral rating vs Reduce

>Results better than expected: Q2 normalised IFO € 67.5m vs € 37.8m est. - BIC’s Q2 results came out better than expected. Main features: 1/ Sales fell by 23.1% to € 418.9m vs our estimate of € 412.4m and a consensus of € 414.5m. At constant scope and exchange rates, they were down 21.5%. 2/ But the pleasant surprise mostly concerned profitability, with normalised income from operations reaching € 67.5m (-31.5%) whereas we were looking for € 37.8m and the consensus € ...

Christophe Chaput

Bic : Bonne résistance des résultats T2 mais un S2 qui reste incertain. Opinion Neutre vs Alléger

>Une publication supérieure aux attentes : ROC T2 : 67.5 M€ vs 37.8 M€e - Au titre de son deuxième trimestre, le groupe Bic publie des résultats supérieurs aux attentes. Ceux-ci se caractérisent par : 1/ une baisse du chiffre d’affaires de 23.1% à 418.9 M€ alors que nous retenions 412.4 M€ et le consensus 414.5 M€. A périmètre et changes constants, le recul est de 21.5%. 2/ Mais la bonne surprise vient surtout de la profitabilité avec un ROC de 67.5 M€ en baisse de 31...

Cedric Rossi

BIC: New initiatives to deal with a weak year 2020 and prepare a potential rebound in 2021 | NEUTRAL | EUR65(+48%)

BIC - NEUTRAL | EUR65(+48%) New initiatives to deal with a weak year 2020 and prepare a potential rebound in 2021 Revitalize growth through a more dynamic innovation strategy eCom sales expected to increase by c. 20% in 2020 New cost-savings to partly mitigate operating deleverage in 2020 Initiatives to protect FCF on top of BIC’s sound balance sheet

Cedric Rossi

BIC: Good execution cannot make up for poor underlying market trends and Covid-19 | NEUTRAL | EUR65 vs. EUR70 (+34%)

BIC - NEUTRAL | EUR65 vs. EUR70 (+34%) Good execution cannot make up for poor underlying market trends and Covid-19 North America weighed on Q1 and no signs of improvement Brace for a more adverse Covid-19 impact in Q2 FY20 estimates are revised down by c.2% No concerns on BIC’s balance sheet situation

Christophe Chaput

Bic : Markets remain challenging, limiting re-rating in the short term

>Fresh downward revision to estimates - At a conference call, the group commented on the first quarter, which saw a 13.8% fall in sales on a like-for-like basis and at constant currency, with a drop in normalised operating profit of -53.7% to € 25.3m. Our takeaways: Regarding the decline in sales on a comparable basis, the impact of COVID was around -2 to -3%, while the decline in the US lighter market (-6.5% in Q1) had an impact on the Bic group of -4%. At the...

Alfred Glaser ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 04/24/2020

...

Alfred Glaser ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 24/04/2020

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2020

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - ...

With a more favourable environment, BIC SA improves to Slightly Positive

BIC SA (FR), a company active in the Nondurable Household Products industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 26, 2020, the closing price was EUR 43.96 and its potential was estimated at EUR 54.79.

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...

Florian Béchaz

Bic - Assemblée générale des actionnaires du 20 mai 2020

GOUVERNANCE Le conseil n'est pas encore majoritairement indépendant d'après la définition de Proxinvest. De ce fait nous ne soutenons pas le renouvellement de Marie-Pauline Chandon-Moët dans la résolution 6. REMUNERATION L'alignement de la rémunération de Gonzalve Bich avec la performance ne peut être démontrée tant à court-terme qu'à long-terme mais sa position d'actionnaire minore cette critique. La structure de la rémunération est globalement acceptable. Les montants demeurent maîtrisés. Par conséquent, nous recommandons l’approbation de la résolution 13.

Expert Corporate Governance Service (ECGS)

BIC - AGM and EGM 22 May 2019

GOVERNANCE In May 2018, Bruno Bich resigned as Chairman and Chief Executive Officer and was replaced by his son, Gonzalve Bich, as Chief Executive Officer and Pierre Vareille as Chairman of the Board. As a result, the functions of Chairman and Chief Executive Officer are now separated, allowing us to support the renewal of Gonzalve Bich (resolution 6).  However, we will not support the appointment as a member of the Board of Marie-Aimée Bich-Dufour, Deputy CEO until 31 March 2019, because it is not sufficiently independent and because the Bich family is slightly over-represented on the Board...

Bic - Assemblée générale des actionnaires du 22 mai 2019

GOUVERNANCE En mai 2018, Bruno Bich a quitté ses fonctions de Président-Directeur Général et a été remplacé par son fils, Gonzalve Bich, comme Directeur Général et par Pierre Vareille comme Président du Conseil. Par conséquent, les fonctions de Président et de Directeur Général sont désormais séparées, ce qui nous permet de soutenir le renouvellement de Gonzalve Bich (résolution 6). En revanche, nous ne soutiendrons pas la nomination au conseil de Marie-Aimée Bich-Dufour, Directrice Générale Déléguée jusqu'au 31 mars 2019, car celui-ci n'est pas suffisamment indépendant et car la famille Bic...

Bic – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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...

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