Société BIC SA — Cyborg Score 6/10

Solid
Consumer Products - Stationery, Lighters & Razors

Strategic Profile

The company generates net sales across Europe (31.8%), North America (37.3%), Latin America (19.3%), Middle East and Africa (7.4%), and Oceania/Asia (4.2%), with North America as its primary revenue driver. Product revenue is balanced across stationery (37.1%), lighters (36.9%), and razors (24.7%), providing diversification against market fluctuations in any single category.

Cyborg Score Rationale

BIC is a profitable, cash-generating business with established market leadership, modest valuation metrics, and strong dividend yield. However, the company faces secular headwinds from digital substitution in stationery and competitive pressures in core categories, limiting near-term growth catalysts.

Top Insights

  • Market capitalization of €2.24 billion with a P/E ratio of 10.57, indicating a valuation discount to broader consumer goods peers
  • EBITDA of €416.91M with a 19.63% EBITDA margin, demonstrating operational efficiency despite competitive pressures
  • Diversified product portfolio across three major categories mitigates category-specific demand risks and provides cross-selling opportunities
  • Strong international presence with North America representing the largest market, reducing geographic concentration risk

Named Competitors

  • Papermate/Sanford Pens — Premium writing instruments competitor
  • Gillette/Schick Razors — Major personal grooming competitor
  • Zippo Lighters — Premium lighter brand competitor

Recent Developments

  • (October 2025) Share buyback program disclosure for September 2025
  • (August 2025) Continued capital return initiatives through share repurchases
  • (April 2026) Q1 2026 earnings release scheduled

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