Added to YB: 2026-07-31
Pitch date: 2026-07-29
BFIT.AS [neutral]
Basic-Fit N.V.
-0.83%
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 2.3B
Pitch Price
EUR 36.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.52
P/E
51.41
EV/Sales
3.41
Sector
Hotels, Restaurants and Leisure
Category
growth
Basic-Fit ($BFIT) H1 2026 Update
BFIT.AS (holding update): H1'26 rev +18% to €800M, EBITDA less rent +36% to €204M (26% margin), net profit €23.6M vs -€7.9M, FCF +€24.6M. Guidance raised 2nd time to €430-460M. Deleveraged 2.7x→2.3x. wellyou deal (41 clubs, 5.3x EBITDA) vs 7x BFIT. Concerns: ARPU redefined masking pricing power, Clever-Fit integration lagging, Impactive cut stake to 4.78%. Thesis: franchise re-rating unpriced.
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