Added to YB: 2024-02-09
Pitch date: 2024-02-09
BFIT.AS [bullish]
Basic-Fit N.V.
+5.93%
current return
Author Info
Turtle Capital is an equity analyst and private investor who shares investment ideas and his portfolio in his newsletter. Sign up for the newsletter.
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 28.32
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.80
P/E
133.18
EV/Sales
3.48
Sector
Hotels, Restaurants and Leisure
Category
growth
Basic Fit ($BFIT.AS) thesis
BFIT.AS condensed pitch: BFIT.AS: Europe's fastest growing low-cost gym chain at 20% w/ 30% mature club ROI. Competitive moat through scale, cluster strategy. 19% member CAGR '16-'22. 1,402 clubs, 55% in France. Founder-led w/ 14% stake. Trades 9x '24 FCF, 24% 7yr IRR potential. COVID recovery play.
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