Professional
Added to YB: 2025-05-09
Pitch date: 2025-05-05
BFIT.AS [neutral]
Basic-Fit N.V.
+37.82%
current return
Author Info
No bio for this author
Company Info
Basic-Fit N.V., together with its subsidiaries, engages in the operation of fitness clubs. It operates clubs under Basic-Fit brand in the Netherlands, Belgium, Luxembourg, Germany, France, and Spain.
Market Cap
EUR 1.9B
Pitch Price
EUR 20.36
Price Target
50.00 (+78%)
Dividend
N/A
EV/EBITDA
8.15
P/E
-458.86
EV/Sales
3.62
Sector
Hotels, Restaurants and Leisure
Category
growth
Buckley Capital Portfolio Holding: Basic-Fit N.V.
BFIT.AS (holding update): Largest low-cost gym chain in Europe with 1,600+ locations. Mature gyms earn 30%+ ROIC and up to 40% EBITDA margins. Strong 2025 start. Temporary €35M France staffing cost (24/7 operation) likely to disappear as staffless operation law may change. 2026 consensus EBITDA too low. Target >€50/share (200%+ upside at historical 15-30x FCF, 9-13x EBITDA multiples).
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