Professional
Added to YB: 2024-06-07
Pitch date: 2024-04-04
BFIT.AS [bullish]
Basic-Fit N.V.
+40.19%
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 21.40
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
special_situation
Van Der Mandele ARAR Fund Portfolio Holding: Basic-Fit N.V.
BFIT.AS: Slowing 2030 club target to 175/yr from 200. €20 memberships in France signal low pricing power. Planet Fitness entering Spain a threat, but first-mover advantage. Experimenting with strategy concerning. Fair value declined less than 40% YoY stock drop. Rising mature club %, lower capex to boost cash flows. Acquisition possible.
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