Added to YB: 2026-03-17
Pitch date: 2026-03-14
BFIT.AS [bullish]
Basic-Fit N.V.
-7.87%
current return
Author Info
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Company Info
Basic-Fit N.V. operates and franchises fitness clubs under the Basic-Fit brand in the Netherlands, Belgium, Luxembourg, France, Spain, Germany, Austria, Switzerland, Slovenia, Romania, Croatia, and the Czech Republic.
Market Cap
EUR 2.1B
Pitch Price
EUR 31.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.14
P/E
148.18
EV/Sales
3.63
Sector
Hotels, Restaurants and Leisure
Category
growth
Basic-Fit at 13x Free Cash Flow
BFIT.AS: Largest EU fitness chain reached FCF inflection w/ €26M FCF in 2025 (vs -€88M '24). 2026 guidance: €405-445M EBITDA-rent (+16-28%), est €150M+ FCF = 13x P/FCF. 5.8M members (+36% YoY), €24.91 yield/member (+2.8%), 24mo avg lifetime vs <12mo industry. Acquired 491 Clever Fit clubs (mostly franchise). Shifting to capital-light franchise model (7% royalty). France 24/7 staff costs (€35M) to be eliminated via legislation change. Hidden earnings: mature club base could add €100M+ EBITDA-rent. Target 3,500 clubs long-term.
Read full article (6 min)