BIC Cameras (3048) AI Stock Analysis

• Market Cap: ¥294.01B
• Dividend Yield: 2.61%
• Average Volume (3M): 572.87K
• Price to Earnings (P/E): 15.4
• Beta (1Y): 0.40
• Revenue Growth: 5.63%
• EPS Growth: 25.64%
• Country: JP
• Employees: 11,588
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 26.12
• Shares Outstanding: 188,146,300
• 10 Day Avg. Volume: 709,840
• 30 Day Avg. Volume: 572,873
• PEG Ratio: 0.60
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.28
• P/FCF Ratio: 13.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥1,817.00 ▲(8.03% Upside)

The score is driven primarily by improved financial performance (recovery in revenue/profitability and reduced leverage), tempered by thin margins and uneven cash-flow consistency. Technicals add support with an uptrend versus major moving averages, while valuation appears fair rather than compelling.

BIC Cameras Business Overview & Revenue Model

Company Description

Bic Camera Inc. sells audio visual, home appliance, information communications equipment, and other products in Japan. The company offers home electrical appliances; air conditioners; lighting products; kitchen appliances; PCs, peripheral devices, and PC software; cameras and video cameras; TV recorders; and audio systems, electronic pianos, and car articles. It also provides beauty and health appliances; watches and clocks, and suitcases; pharmaceuticals, daily necessities, and cosmetics; tools, DIY, crime prevention, and disaster prevention products; and ink cartridges, media products, and batteries. In addition, the company offers bed clothing and bed interior products; games, movies, and music products; toys and hobby products; electronic dictionaries, telephones, and fax; stationery products; smartphones; sports goods, bicycles, and golf products; glasses and contact lenses; kitchen tools; and liquor and food products, as well as gifts. It operates through a network of stores, as well as offers products online. The company was founded in 1978 and is based in Tokyo, Japan.

How the Company Makes Money

BIC Cameras generates revenue primarily through the sale of consumer electronics and related products both in its physical retail stores and through its online platform. The company's key revenue streams include direct sales of goods such as cameras, computers, home appliances, and mobile devices. In addition to product sales, BIC Cameras offers various services including product repairs and maintenance, which contribute to its revenue. The company also benefits from strategic partnerships with electronics manufacturers and suppliers, which allow it to offer a wide range of products and competitive pricing. Seasonal promotions, membership programs, and exclusive deals further enhance customer engagement and sales.

BIC Cameras Financial Statement Overview

Summary

Revenue and profitability improved meaningfully in 2024–2025 and leverage has declined, supporting a stronger financial footing. Offsetting this, margins remain structurally thin and cash-flow conversion has been volatile, increasing sensitivity to cost and demand swings.

Income Statement

Revenue has improved over the last two years (2024–2025 annual), supporting a clear recovery from the softer 2022–2023 period. Profitability has strengthened meaningfully, with net margin rising from a very low level in 2023 to a healthier level in 2025, and operating profitability also improving. Offsetting this, margins remain thin for a retailer and gross margin has drifted down recently (2024 to 2025), leaving earnings more sensitive to cost pressure and competitive pricing.

Balance Sheet

Leverage has improved steadily, with debt relative to equity trending down from ~1.10x (2020) to ~0.57x (2025 annual), indicating a stronger capital structure. Equity has grown over time, and returns on equity have recovered to solid levels in 2024–2025 versus the weak 2023. The main drawback is that returns have been volatile across the cycle, reflecting sensitivity to operating conditions in a low-margin retail model.

Cash Flow

Cash generation is positive in the latest year (2025 annual), with free cash flow covering a large portion of net income and remaining solidly positive. However, cash flow has been notably volatile: free cash flow was negative in 2021 and 2023, and operating cash flow coverage has generally been modest and weaker in 2025 versus 2024. This variability increases execution risk and reduces confidence in the durability of cash conversion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	974.48B	974.48B	922.57B	815.56B	792.37B	834.06B
Gross Profit	259.99B	260.51B	243.65B	217.87B	213.84B	238.56B
EBITDA	41.86B	41.86B	35.36B	21.45B	25.97B	29.06B
Net Income	17.48B	17.48B	13.91B	2.94B	5.76B	8.76B
Balance Sheet
Total Assets	492.53B	492.53B	478.25B	449.84B	456.47B	454.47B
Cash, Cash Equivalents and Short-Term Investments	69.58B	69.58B	71.40B	75.14B	91.08B	108.97B
Total Debt	96.21B	96.21B	104.28B	123.56B	133.50B	150.69B
Total Liabilities	280.77B	280.77B	285.07B	273.46B	287.33B	274.95B
Stockholders Equity	168.57B	168.57B	152.45B	137.38B	131.56B	143.88B
Cash Flow
Free Cash Flow	0.00	20.16B	38.48B	-744.00M	13.99B	-1.61B
Operating Cash Flow	0.00	25.36B	41.99B	10.08B	25.32B	7.76B
Investing Cash Flow	0.00	-14.77B	-30.07B	-11.12B	-18.08B	-12.36B
Financing Cash Flow	0.00	-15.99B	-23.66B	-13.58B	-26.57B	-4.39B

BIC Cameras Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1682.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3048, the sentiment is Positive. The current price of 1682 is below the 20-day moving average (MA) of 1733.80, above the 50-day MA of 1663.35, and above the 200-day MA of 1596.84, indicating a neutral trend. The MACD of 17.74 indicates Positive momentum. The RSI at 50.86 is Neutral, neither overbought nor oversold. The STOCH value of 16.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3048.

BIC Cameras Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7419	74 Outperform	¥330.34B	8.11	―	1.35%	15.92%	52.76%
2730	70 Outperform	¥220.69B	16.64	―	2.23%	3.24%	12.49%
8282	67 Neutral	¥250.59B	22.98	―	2.72%	2.23%	57.10%
3179	66 Neutral	¥21.25B	19.83	―	3.53%	-2.73%	-51.48%
3048	66 Neutral	¥294.01B	15.36	11.17%	2.61%	5.63%	25.64%
9831	64 Neutral	¥453.30B	13.85	4.18%	2.57%	1.26%	14.65%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

BIC Cameras Corporate Events

BIC CAMERA Delivers Strong Q1 Profit Growth but Expects Flat Earnings for FY2026

BIC CAMERA reported solid results for the three months ended November 30, 2025, with net sales rising 6.5% year on year to ¥238.7 billion and operating profit jumping 66.2% to ¥7.4 billion, driving a 59.3% increase in profit attributable to owners of the parent to ¥4.47 billion and a sharp improvement in comprehensive income. While total assets increased to ¥523.9 billion and equity grew modestly, the equity ratio declined to 32.5%, partly reflecting balance sheet expansion, and the company removed TD mobile Corporation from its consolidation scope during the period. For the fiscal year ending August 31, 2026, the retailer maintained its full-year forecast, projecting modest growth in net sales to ¥1.013 trillion and essentially flat operating and ordinary profit, alongside a stable dividend outlook totaling ¥41 per share, signaling expectations of steady but slowing profit momentum after the strong first quarter and a continued commitment to shareholder returns.

The most recent analyst rating on (JP:3048) stock is a Hold with a Yen1783.00 price target. To see the full list of analyst forecasts on BIC Cameras stock, see the JP:3048 Stock Forecast page.

BIC CAMERA Completes Disposal of Treasury Shares for Restricted Stock Compensation

BIC CAMERA INC. has completed the payment procedure for the disposal of 31,000 treasury shares that are being granted as restricted stock compensation to its management. The common shares, disposed of at 1,582 yen per share for a total of 49,042,000 yen, were allotted to four directors of the company (excluding audit and outside directors) and two directors of its subsidiaries, reinforcing a compensation structure that links management incentives to shareholder value and aligns executives’ interests with the company’s long-term performance.

The most recent analyst rating on (JP:3048) stock is a Hold with a Yen1734.00 price target. To see the full list of analyst forecasts on BIC Cameras stock, see the JP:3048 Stock Forecast page.

BIC CAMERA INC. Announces Disposal of Treasury Shares for Director Incentives

BIC CAMERA INC. announced the disposal of 31,000 treasury shares as part of a restricted stock compensation plan aimed at incentivizing directors to enhance corporate value and align their interests with shareholders. This move, approved at a board meeting, involves granting monetary compensation claims to directors, which will be exchanged for restricted shares, with transfer restrictions set until resignation or retirement, thereby potentially strengthening the company’s governance and operational focus.

The most recent analyst rating on (JP:3048) stock is a Hold with a Yen1734.00 price target. To see the full list of analyst forecasts on BIC Cameras stock, see the JP:3048 Stock Forecast page.

BIC CAMERA Finalizes Stock Compensation Share Options

BIC CAMERA INC. has finalized the issuance details of stock compensation-type share options for its executive officers and employees, as well as those of its subsidiaries. This move, approved by the Board of Directors, involves the allocation of 2,061 share acquisition rights, which will be offset against compensation claims, potentially impacting employee retention and motivation strategies.

The most recent analyst rating on (JP:3048) stock is a Hold with a Yen1734.00 price target. To see the full list of analyst forecasts on BIC Cameras stock, see the JP:3048 Stock Forecast page.

BIC CAMERA INC. Issues Stock-Compensation Share Options to Boost Performance

BIC CAMERA INC. has announced the issuance of stock-compensation-type share options to its executive officers and employees, as well as those of its subsidiaries. This initiative is aimed at improving the medium- to long-term performance and motivation of its workforce, thereby enhancing corporate value. The issuance involves 2,094 share acquisition rights, with each right corresponding to 100 common shares of the company. The exercise period for these rights is set from November 2028 to November 2030, and the company has outlined specific conditions for their exercise.

The most recent analyst rating on (JP:3048) stock is a Hold with a Yen1734.00 price target. To see the full list of analyst forecasts on BIC Cameras stock, see the JP:3048 Stock Forecast page.