ENXTAM:BFIT

Stock Analysis Report

Executive Summary

Basic-Fit N.V. operates fitness clubs in the Netherlands, Belgium, Luxembourg, France, and Spain.

Rewards

Trading at 6.2% below its fair value

Earnings are forecast to grow 50.36% per year

Earnings grew by 37.9% over the past year

Risk Analysis

Interest payments are not well covered by earnings



Snowflake Analysis

High growth potential with proven track record.


Similar Companies

Share Price & News

How has Basic-Fit's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BFIT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

BFIT

2.3%

NL Hospitality

1.9%

NL Market


1 Year Return

21.8%

BFIT

14.9%

NL Hospitality

10.3%

NL Market

Return vs Industry: BFIT exceeded the Dutch Hospitality industry which returned 14.9% over the past year.

Return vs Market: BFIT exceeded the Dutch Market which returned 10.3% over the past year.


Shareholder returns

BFITIndustryMarket
7 Day-1.2%2.3%1.9%
30 Day-1.6%0.8%0.5%
90 Day6.4%2.0%3.8%
1 Year21.8%21.8%18.3%14.9%14.9%10.3%
3 Year105.8%105.8%23.8%12.4%36.2%21.3%
5 Yearn/a37.9%16.5%54.2%23.7%

Price Volatility Vs. Market

How volatile is Basic-Fit's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Basic-Fit undervalued compared to its fair value and its price relative to the market?

6.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BFIT (€33.85) is trading below our estimate of fair value (€36.09)

Significantly Below Fair Value: BFIT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BFIT is poor value based on its PE Ratio (116.7x) compared to the Hospitality industry average (20.7x).

PE vs Market: BFIT is poor value based on its PE Ratio (116.7x) compared to the Dutch market (21x).


Price to Earnings Growth Ratio

PEG Ratio: BFIT is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: BFIT is overvalued based on its PB Ratio (6.3x) compared to the XE Hospitality industry average (1.6x).


Next Steps

Future Growth

How is Basic-Fit forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

50.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFIT's forecast earnings growth (50.4% per year) is above the savings rate (-0.2%).

Earnings vs Market: BFIT's earnings (50.4% per year) are forecast to grow faster than the Dutch market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BFIT's revenue (16.8% per year) is forecast to grow faster than the Dutch market (6.7% per year).

High Growth Revenue: BFIT's revenue (16.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BFIT's Return on Equity is forecast to be high in 3 years time (20.2%)


Next Steps

Past Performance

How has Basic-Fit performed over the past 5 years?

74.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFIT has high quality earnings.

Growing Profit Margin: BFIT's current net profit margins (3.5%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: BFIT has become profitable over the past 5 years, growing earnings by 74.1% per year.

Accelerating Growth: BFIT's earnings growth over the past year (37.9%) is below its 5-year average (74.1% per year).

Earnings vs Industry: BFIT earnings growth over the past year (37.9%) exceeded the Hospitality industry -2.1%.


Return on Equity

High ROE: BFIT's Return on Equity (5.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Basic-Fit's financial position?


Financial Position Analysis

Short Term Liabilities: BFIT's short term assets (€55.9M) do not cover its short term liabilities (€228.7M).

Long Term Liabilities: BFIT's short term assets (€55.9M) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: BFIT's debt to equity ratio (139.8%) is considered high.

Reducing Debt: BFIT's debt to equity ratio has reduced from 2538.9% to 139.8% over the past 5 years.


Balance Sheet

Inventory Level: BFIT has a high level of physical assets or inventory.

Debt Coverage by Assets: BFIT's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BFIT is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: BFIT is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Basic-Fit's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.4%industryaverage2.6%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate BFIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BFIT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BFIT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BFIT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BFIT's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.1yrs

Average management tenure


CEO

René Moos (56yo)

8.1yrs

Tenure

€1,470,000

Compensation

Mr. René M. Moos has been the Chief Executive Officer at Basic-Fit N.V. and Basic Fit Nederland B.V., since 2012. Mr. Moos serves as Chairman of the Management Board at Basic-Fit N.V. and Basic Fit Nederla ...


CEO Compensation Analysis

Compensation vs Market: René's total compensation ($USD1.59M) is about average for companies of similar size in the Dutch market ($USD1.69M).

Compensation vs Earnings: René's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
René Moos
Chairman of the Management Board & CEO8.1yrs€1.47m16.32% 302.0m
Hans van der Aar
CFO & Member of the Management Board8.1yrs€1.11m0.19% 3.5m
Redouane Zekkri
COO & Member of Management Board0.3yrsno datano data
Richard Piekaar
Head of Investor Relations0yrsno datano data

8.1yrs

Average Tenure

56yo

Average Age

Experienced Management: BFIT's management team is seasoned and experienced (8.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Cornelis van der Graaf
Chairman of Supervisory Board2.8yrs€55.00k0.0060% 110.8k
Pieter de Jong
Member of the Supervisory Board4.1yrs€45.50kno data
Carin Gorter
Vice-Chairman of the Supervisory Board3.7yrs€50.00kno data
Herman Rutgers
Member of the Supervisory Board3.7yrs€48.00k0.0018% 33.9k
J. C. Willemse
Member of the Supervisory Board4.1yrs€53.00k0.13% 2.4m
Rob Van Der Heijden
Member of Supervisory Board2.8yrs€47.50kno data

3.7yrs

Average Tenure

55.5yo

Average Age

Experienced Board: BFIT's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Basic-Fit N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Basic-Fit N.V.
  • Ticker: BFIT
  • Exchange: ENXTAM
  • Founded: 2016
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: €1.850b
  • Shares outstanding: 54.67m
  • Website: https://corporate.basic-fit.com

Number of Employees


Location

  • Basic-Fit N.V.
  • Wegalaan 60
  • Hoofddorp
  • Noord-Holland
  • 2132 JC
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BFITENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJun 2016
B4FDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2016
0RHDLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2016
BFITABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2016
BSFF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2016

Biography

Basic-Fit N.V. operates fitness clubs in the Netherlands, Belgium, Luxembourg, France, and Spain. As of December 31, 2018, it operated 161 clubs in the Netherlands, 173 clubs in Belgium, 10 clubs in Luxembourg, 252 clubs in France, and 33 clubs in Spain. The company was incorporated in 2016 and is headquartered in Hoofddorp, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 22:26
End of Day Share Price2020/02/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.