Added to YB: 2024-02-23
Pitch date: 2024-02-23
GYM.L [bullish]
The Gym Group plc
+38.39%
current return
Author Info
Company Info
The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom.
Market Cap
GBP 227.6M
Pitch Price
GBP 1.09
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.06
P/E
53.09
EV/Sales
2.77
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Oxy Capital's Pedro Sousa thesis on high quality, low cost gym facilities in the UK $GYM.L
GYM.L: UK budget gym operator at 6x '24 EBIT vs peer at 7x; new COO driving post-COVID recovery; hidden earnings as new gyms mature; energy normalization & skepticism over ROIC sustainability = upside; mature gym earnings 30% below pre-COVID; growth, cost control key; UK gym penetration low vs US/Nordics; new CEO guidance may catalyze re-rating
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