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Société BIC S.A.

BB.PA
55
Household & Personal Products · Consumer Defensive
Exchange
Euronext Paris
Winston Score
55
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong
Dividends
Good

Winston Score History

The full picture

Société BIC is a French consumer goods company best known for making everyday disposable products — ballpoint pens, lighters, and shavers. It sells these items to regular consumers through supermarkets, convenience stores, and office supply retailers around the world. BIC is one of the largest makers of stationery and disposable lighters globally, and its brand has been recognized in over 160 countries for decades.

BIC earns money by selling physical products at low price points but in very high volumes, which is a classic consumer staples model. The company operates across Europe, North America, Latin America, and developing markets, generating roughly €2 billion in annual revenue. Its main competitive advantage is brand recognition and massive scale in low-cost manufacturing, but it faces real pressure from cheaper private-label alternatives and a long-term decline in pen demand as digital tools replace paper. Growth opportunities lie in expanding its lighter and shaver businesses in emerging markets where disposable income is rising.

Score breakdown

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Quality

Profit per sale
Gross Margin
51.1%
Healthy — 51.1% gross margin
Profit after running costs
Operating Margin
15.2%
Healthy — 15.2% operating margin
Return on the money invested
ROCE
7.1%
Weak — 7.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
-3.8%
Shrinking sales (-3.8% YoY)
Profit growth
EPS YoY
-32.2%
Earnings shrinking (-32.2% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
326%
Turns 326% of profit into real cash
Spare cash per sale
FCF Margin
14.4%
Converts sales into free cash efficiently (14.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.15
Conservative — low debt load (0.15)
Covers its interest
Interest Cover
17.85x
Comfortably covers interest (17.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
22.7x
no trend
Growth-priced — P/E 22.7

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+8.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (22.7 → 13.9)

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Dividends

Dividend
Dividend Yield
3.63%
no trend
Moderate income — 3.63% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+8.8%
no trend
Dividend growing modestly (8.8% YoY)

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