Professional
Added to YB: 2024-08-05
Pitch date: 2024-06-30
PLNT [bullish]
Planet Fitness, Inc.
+47.41%
current return
Author Info
No bio for this author
Company Info
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand.
Market Cap
$8.8B
Pitch Price
$73.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.18
P/E
43.39
EV/Sales
9.05
Sector
Hotels, Restaurants and Leisure
Category
growth
Vulcan Value Partners Small Cap New Position: Planet Fitness, Inc.
PLNT: HVLP gym leader, 2,500+ locations, 18.7M members. $10/mo basic, premium 'Black Card' available. 90% US gym growth 2011-19. Plans to double US presence. Strong same-store sales, high EBIT margins, good ROIC & FCF conversion. Appealing to casual fitness demo with clean, no-frills approach & regular equipment updates.
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