Planet Fitness Valuation

Q: What is the Fair Price of P2LN34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

P2LN34 (R$39.84) is trading above our estimate of [[fair value]] (R$37.07)

Is P2LN34 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of P2LN34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: P2LN34 (R$39.84) is trading above our estimate of fair value (R$37.07)

Significantly Below Fair Value: P2LN34 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for P2LN34?

Key metric: As P2LN34 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for P2LN34. This is calculated by dividing P2LN34's market cap by their current earnings.
What is P2LN34's PE Ratio?
PE Ratio	42.4x
Earnings	US$149.92m
Market Cap	US$6.40b

P2LN34 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	7.6x
Enterprise Value/EBITDA	18.4x
PEG Ratio	3.1x

Price to Earnings Ratio vs Peers

How does P2LN34's PE Ratio compare to its peers?

The above table shows the PE ratio for P2LN34 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.9x
SMFT3 Smartfit Escola de Ginástica e Dança	12.7x	15.4%	R$11.6b
AHEB3 São Paulo Turismo	2.3x	n/a	R$324.5m
LTH Life Time Group Holdings	35.3x	24.0%	US$5.0b
MTN Vail Resorts	29.5x	13.2%	US$6.6b
P2LN34 Planet Fitness	42.4x	13.6%	R$6.4b

Price-To-Earnings vs Peers: P2LN34 is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the peer average (21.4x).

Price to Earnings Ratio vs Industry

How does P2LN34's PE Ratio compare vs other companies in the South American Hospitality Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: P2LN34 is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the Global Hospitality industry average (20.8x).

Price to Earnings Ratio vs Fair Ratio

What is P2LN34's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

P2LN34 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	42.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate P2LN34's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.