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BFIT

Basic-Fit ENXTAM:BFIT Stock Report

Last Price

€40.82

Market Cap

€2.7b

7D

1.3%

1Y

2.8%

Updated

11 Aug, 2022

Data

Company Financials +
BFIT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends0/6

BFIT Stock Overview

Basic-Fit N.V. operates fitness clubs. As of March 9, 2022, it operated 223 clubs in the Netherlands, 207 clubs in Belgium, 10 clubs in Luxembourg, 578 clubs in France, and 63 clubs in Spain.

Basic-Fit Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Basic-Fit
Historical stock prices
Current Share Price€40.82
52 Week High€49.24
52 Week Low€33.52
Beta1.9
1 Month Change7.70%
3 Month Change8.45%
1 Year Change2.82%
3 Year Change46.31%
5 Year Change156.73%
Change since IPO181.52%

Recent News & Updates

May 13
Is Basic-Fit (AMS:BFIT) Using Debt In A Risky Way?

Is Basic-Fit (AMS:BFIT) Using Debt In A Risky Way?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Dec 25
An Intrinsic Calculation For Basic-Fit N.V. (AMS:BFIT) Suggests It's 35% Undervalued

An Intrinsic Calculation For Basic-Fit N.V. (AMS:BFIT) Suggests It's 35% Undervalued

In this article we are going to estimate the intrinsic value of Basic-Fit N.V. ( AMS:BFIT ) by projecting its future...

Shareholder Returns

BFITNL HospitalityNL Market
7D1.3%1.8%-1.4%
1Y2.8%-13.3%-15.6%

Return vs Industry: BFIT exceeded the Dutch Hospitality industry which returned -13.3% over the past year.

Return vs Market: BFIT exceeded the Dutch Market which returned -15.6% over the past year.

Price Volatility

Is BFIT's price volatile compared to industry and market?
BFIT volatility
BFIT Average Weekly Movement5.7%
Hospitality Industry Average Movement5.4%
Market Average Movement5.1%
10% most volatile stocks in NL Market7.9%
10% least volatile stocks in NL Market2.9%

Stable Share Price: BFIT is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BFIT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19846,964René Mooshttps://corporate.basic-fit.com

Basic-Fit N.V. operates fitness clubs. As of March 9, 2022, it operated 223 clubs in the Netherlands, 207 clubs in Belgium, 10 clubs in Luxembourg, 578 clubs in France, and 63 clubs in Spain. The company was founded in 1984 and is headquartered in Hoofddorp, the Netherlands.

Basic-Fit Fundamentals Summary

How do Basic-Fit's earnings and revenue compare to its market cap?
BFIT fundamental statistics
Market Cap€2.69b
Earnings (TTM)-€52.46m
Revenue (TTM)€642.40m

4.2x

P/S Ratio

-51.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BFIT income statement (TTM)
Revenue€642.40m
Cost of Revenue€155.10m
Gross Profit€487.31m
Other Expenses€539.77m
Earnings-€52.46m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Mar 14, 2023

Earnings per share (EPS)-0.79
Gross Margin75.86%
Net Profit Margin-8.17%
Debt/Equity Ratio192.0%

How did BFIT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BFIT 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/Revenue7.3x
Enterprise Value/EBITDA47.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BFIT's PS Ratio compare to its peers?

BFIT PS Ratio vs Peers
The above table shows the PS ratio for BFIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.1x
SNOW SnowWorld
3.3xn/a€41.3m
FUN Cedar Fair
1.5x3.9%US$2.5b
LTH Life Time Group Holdings
1.8x16.0%US$2.9b
SIX Six Flags Entertainment
1.1x2.9%US$1.8b
BFIT Basic-Fit
4.2x18.3%€2.7b

Price-To-Sales vs Peers: BFIT is expensive based on its Price-To-Sales Ratio (4.2x) compared to the peer average (2.1x).


Price to Earnings Ratio vs Industry

How does BFIT's PE Ratio compare vs other companies in the European Hospitality Industry?

Price-To-Sales vs Industry: BFIT is expensive based on its Price-To-Sales Ratio (4.2x) compared to the European Hospitality industry average (1.6x)


Price to Sales Ratio vs Fair Ratio

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

BFIT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.2x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate BFIT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BFIT's fair value 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: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Basic-Fit forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


68.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFIT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.1%).

Earnings vs Market: BFIT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BFIT is expected to become profitable in the next 3 years.

Revenue vs Market: BFIT's revenue (18.3% per year) is forecast to grow faster than the Dutch market (7% per year).

High Growth Revenue: BFIT's revenue (18.3% 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 low in 3 years time (17.3%).


Discover growth companies

Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-64.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BFIT is currently unprofitable.

Growing Profit Margin: BFIT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BFIT is unprofitable, and losses have increased over the past 5 years at a rate of 64.2% per year.

Accelerating Growth: Unable to compare BFIT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BFIT is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (55.4%).


Return on Equity

High ROE: BFIT has a negative Return on Equity (-13.79%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Basic-Fit's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BFIT's short term assets (€150.9M) do not cover its short term liabilities (€430.5M).

Long Term Liabilities: BFIT's short term assets (€150.9M) do not cover its long term liabilities (€1.8B).


Debt to Equity History and Analysis

Debt Level: BFIT's net debt to equity ratio (181.4%) is considered high.

Reducing Debt: BFIT's debt to equity ratio has increased from 86% to 192% over the past 5 years.


Balance Sheet


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 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BFIT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.8% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BFIT has not reported any payouts.


Discover strong dividend paying companies

Management

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

6.7yrs

Average management tenure


CEO

René Moos (59 yo)

10.58yrs

Tenure

€936,000

Compensation

Mr. René M. Moos has been the Chief Executive Officer at Basic-Fit N.V. and Basic Fit Nederland B.V., since 2013. 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 ($USD966.54K) is below average for companies of similar size in the Dutch market ($USD2.57M).

Compensation vs Earnings: René's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BFIT's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: BFIT's board of directors are considered experienced (6.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Basic-Fit N.V.
  • Ticker: BFIT
  • Exchange: ENXTAM
  • Founded: 1984
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Implied Market Cap: €2.694b
  • Shares outstanding: 66.00m
  • Website: https://corporate.basic-fit.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.