Professional
Added to YB: 2025-05-09
Pitch date: 2025-05-05
BFIT.AS [neutral]
Basic-Fit N.V.
+47.35%
current return
Author Info
No bio for this author
Company Info
Basic-Fit N.V. operates and franchises fitness clubs under the Basic-Fit brand in the Netherlands, Belgium, Luxembourg, France, Spain, Germany, Austria, Switzerland, Slovenia, Romania, Croatia, and the Czech Republic.
Market Cap
EUR 1.9B
Pitch Price
EUR 20.36
Price Target
50.00 (+67%)
Dividend
N/A
EV/EBITDA
7.80
P/E
133.18
EV/Sales
3.48
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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