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Bic (BICEF) Intrinsic Value: Projected FCF : $82.54 (As of May. 13, 2024)


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What is Bic Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-13), Bic's Intrinsic Value: Projected FCF is $82.54. The stock price of Bic is $72.25. Therefore, Bic's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for Bic's Intrinsic Value: Projected FCF or its related term are showing as below:

BICEF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.63   Med: 1.31   Max: 1.98
Current: 0.88

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Bic was 1.98. The lowest was 0.63. And the median was 1.31.

BICEF's Price-to-Projected-FCF is ranked better than
63.24% of 1235 companies
in the Consumer Packaged Goods industry
Industry Median: 1.15 vs BICEF: 0.88

Bic Intrinsic Value: Projected FCF Historical Data

The historical data trend for Bic's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bic Intrinsic Value: Projected FCF Chart

Bic Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.01 79.13 86.79 81.65 80.49

Bic Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 81.65 - 80.49 -

Competitive Comparison of Bic's Intrinsic Value: Projected FCF

For the Household & Personal Products subindustry, Bic's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bic's Price-to-Projected-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bic's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Bic's Price-to-Projected-FCF falls into.



Bic Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Bic's Free Cash Flow(6 year avg) = $230.34.

Bic's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec22)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*230.34214285714+1987.591*0.8)/44.575
=84.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bic  (OTCPK:BICEF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Bic's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=72.25/84.868446155198
=0.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bic Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Bic's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Bic (BICEF) Business Description

Traded in Other Exchanges
Address
14 rue Jeanne-d'Asnieres, Clichy Cedex, Paris, FRA, 92611
Bic SA manufactures and markets writing instruments, lighters, shavers, advertising, and promotional products in France and globally. The company offers its products through various channels stationery stores, office supplies companies, convenience stores, distributors, wholesalers, cash-and-carry stores, e-commerce. Its main well-known brands are BIC, BIC Kids, BIC Graphic, BIC Matic, BIC Tipp-Ex, Wite-Out, Ecolutions, and Cello. By net sales, the biggest market is North America, followed by Europe and the developing markets (Middle East, Africa, Latin America, and Asia).