OTCPK:BSFF.F

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

High growth potential with acceptable 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: BSFF.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BSFF.F

-0.2%

US Hospitality

1.9%

US Market


1 Year Return

n/a

BSFF.F

-28.7%

US Hospitality

4.3%

US Market

Return vs Industry: Insufficient data to determine how BSFF.F performed against the US Hospitality industry.

Return vs Market: Insufficient data to determine how BSFF.F performed against the US Market.


Shareholder returns

BSFF.FIndustryMarket
7 Day0%-0.2%1.9%
30 Day0%-4.5%2.7%
90 Dayn/a46.5%26.4%
1 Yearn/a-27.1%-28.7%6.5%4.3%
3 Yearn/a-19.1%-24.4%35.1%26.2%
5 Yearn/a3.3%-8.0%67.0%48.4%

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

No news available

Valuation

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

30.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BSFF.F ($25.34) is trading below our estimate of fair value ($36.25)

Significantly Below Fair Value: BSFF.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BSFF.F is poor value based on its PE Ratio (112.6x) compared to the Hospitality industry average (21.4x).

PE vs Market: BSFF.F is poor value based on its PE Ratio (112.6x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: BSFF.F is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: BSFF.F is overvalued based on its PB Ratio (4.1x) compared to the US Hospitality industry average (1.7x).


Next Steps

Future Growth

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

54.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSFF.F's forecast earnings growth (54% per year) is above the savings rate (2.2%).

Earnings vs Market: BSFF.F's earnings (54% per year) are forecast to grow faster than the US market (22.7% per year).

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

Revenue vs Market: BSFF.F's revenue (15.4% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: BSFF.F's revenue (15.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSFF.F's Return on Equity is forecast to be high in 3 years time (27.3%)


Next Steps

Past Performance

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

67.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSFF.F has high quality earnings.

Growing Profit Margin: BSFF.F's current net profit margins (2.1%) are lower than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: BSFF.F has become profitable over the past 5 years, growing earnings by 67.7% per year.

Accelerating Growth: BSFF.F's earnings growth over the past year (17.9%) is below its 5-year average (67.7% per year).

Earnings vs Industry: BSFF.F earnings growth over the past year (17.9%) exceeded the Hospitality industry -30.8%.


Return on Equity

High ROE: BSFF.F's Return on Equity (3.6%) is considered low.


Next Steps

Financial Health

How is Basic-Fit's financial position?


Financial Position Analysis

Short Term Liabilities: BSFF.F's short term assets (€106.2M) do not cover its short term liabilities (€287.9M).

Long Term Liabilities: BSFF.F's short term assets (€106.2M) do not cover its long term liabilities (€1.4B).


Debt to Equity History and Analysis

Debt Level: BSFF.F's debt to equity ratio (169.9%) is considered high.

Reducing Debt: BSFF.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: BSFF.F's debt is well covered by operating cash flow (44.2%).

Interest Coverage: BSFF.F's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BSFF.F'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 BSFF.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSFF.F'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 BSFF.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

8.5yrs

Average management tenure


CEO

René Moos (57yo)

8.5yrs

Tenure

€1,674,000

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 ($USD1.89M) is below average for companies of similar size in the US market ($USD4.72M).

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 & CEO8.5yrs€1.67m0.019% 291.9k
Hans van der Aar
CFO & Member of the Management Board8.5yrs€1.26m0.17% 2.6m
Redouane Zekkri
COO & Member of Management Board0.75yrno datano data
Richard Piekaar
Head of Investor Relationsno datano datano data

8.5yrs

Average Tenure

57yo

Average Age

Experienced Management: BSFF.F's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Cornelis van der Graaf
Independent Chairman of Supervisory Board3.17yrs€55.00k0.0055% 83.9k
Pieter de Jong
Member of the Supervisory Board4.5yrs€45.00kno data
Carin Gorter
Independent Vice-Chairman of the Supervisory Board4.08yrs€50.00kno data
Herman Rutgers
Independent Member of the Supervisory Board4.08yrs€48.00k0.0017% 25.7k
J. C. Willemse
Member of the Supervisory Board4.5yrs€53.00k0.12% 1.8m
Rob Van Der Heijden
Independent Member of Supervisory Board3.17yrs€48.00kno data

4.1yrs

Average Tenure

56.5yo

Average Age

Experienced Board: BSFF.F's board of directors are considered experienced (4.1 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: BSFF.F
  • Exchange: OTCPK
  • Founded: 2016
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: €1.365b
  • Listing Market Cap: €1.537b
  • Shares outstanding: 60.00m
  • 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 March 16, 2020, it operated 784 fitness clubs. 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 Analysis2020/07/02 00:58
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.