(BFIT) Basic Fit - Overview
Sector: Consumer Cyclical | Industry: Leisure | Exchange: AS (Netherlands) | Market Cap: 1.955m EUR | Total Return: 34.8% in 12m
Avg Turnover: 3.39M
Warnings
P/E ratio 135.9
High Debt/EBITDA (6.8) with thin interest coverage (0.8)
Interest Coverage Ratio 0.8 is critical
Altman Z'' -1.07 < 1.0 - financial distress zone
Fakeout
Tailwinds
Confidence
Basic-Fit N.V. is a leading European fitness operator headquartered in the Netherlands, managing an extensive network of clubs across Western and Central Europe. The company utilizes a low-cost, high-volume business model, which typically relies on automated entry systems and standardized equipment to maintain low overhead costs. Beyond physical locations, the firm operates an e-commerce platform selling fitness equipment and its proprietary NXT Level nutrition brand through wholesale and retail channels.
The leisure facilities sector is characterized by high fixed costs and a reliance on recurring membership revenue to drive margin expansion. Investors looking for deeper insights into these subscription-based metrics should consult ValueRay for further data. Originally founded in 1984, the company transitioned to its current corporate structure in 2016 and now maintains a presence in over ten countries, including major markets like France, Spain, and Germany.
- Aggressive club network expansion in France and Germany drives membership growth
- Energy price fluctuations impact operational margins across European fitness centers
- Rising interest rates increase debt servicing costs for capital-intensive club rollouts
- Premium membership tier adoption rates determine average revenue per user growth
- Consumer discretionary spending levels dictate new member acquisition and retention rates
| Net Income: 26.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 7.54 > 1.0 |
| NWC/Revenue: -29.75% < 20% (prev -24.43%; Δ -5.31% < -1%) |
| CFO/TA 0.30 > 3% & CFO 1.16b > Net Income 26.4m |
| Net Debt (5.03b) to EBITDA (743.2m): 6.77 < 3 |
| Current Ratio: 0.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.8m) vs 12m ago -1.80% < -2% |
| Gross Margin: 67.03% > 18% (prev 0.54%; Δ 6.65k% > 0.5%) |
| Asset Turnover: 64.31% > 50% (prev 48.56%; Δ 15.74% > 0%) |
| Interest Coverage Ratio: 0.78 > 6 (EBITDA TTM 743.2m / Interest Expense TTM 296.8m) |
| A: -0.17 (Total Current Assets 232.5m - Total Current Liabilities 915.8m) / Total Assets 3.91b |
| B: -0.08 (Retained Earnings -317.7m / Total Assets 3.91b) |
| C: 0.06 (EBIT TTM 230.3m / Avg Total Assets 3.57b) |
| D: -0.09 (Book Value of Equity -310.3m / Total Liabilities 3.56b) |
| Altman-Z'' = -1.07 = CCC |
| DSRI: 1.53 (Receivables 88.0m/39.3m, Revenue 2.30b/1.57b) |
| GMI: 0.80 (GM 67.03% / 53.90%) |
| AQI: 1.30 (AQ_t 0.14 / AQ_t-1 0.11) |
| SGI: 1.46 (Revenue 2.30b / 1.57b) |
| TATA: -0.29 (NI 26.4m - CFO 1.16b) / TA 3.91b) |
| Beneish M = -2.56 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at EUR 30.84 with a total of 172,045 shares traded.
Over the past week, the price has changed by +2.80%,
over one month by +7.91%,
over three months by -1.91% and
over the past year by +34.79%.
Basic Fit has no consensus analysts rating.
P/E Trailing = 135.9091
P/E Forward = 13.8696
P/S = 1.3761
P/B = 4.8591
Revenue TTM = 2.30b EUR
EBIT TTM = 230.3m EUR
EBITDA TTM = 743.2m EUR
Long Term Debt = 932.6m EUR (from longTermDebt, last quarter)
Short Term Debt = 597.5m EUR (from shortTermDebt, last quarter)
Debt = 5.15b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.94b
Net Debt = 5.03b EUR (calculated: Debt 5.15b - CCE 115.0m)
Enterprise Value = 6.99b EUR (1.95b + Debt 5.15b - CCE 115.0m)
Interest Coverage Ratio = 0.78 (Ebit TTM 230.3m / Interest Expense TTM 296.8m)
EV/FCF = 12.71x (Enterprise Value 6.99b / FCF TTM 549.6m)
FCF Yield = 7.87% (FCF TTM 549.6m / Enterprise Value 6.99b)
FCF Margin = 23.93% (FCF TTM 549.6m / Revenue TTM 2.30b)
Net Margin = 1.15% (Net Income TTM 26.4m / Revenue TTM 2.30b)
Gross Margin = 67.03% ((Revenue TTM 2.30b - Cost of Revenue TTM 757.2m) / Revenue TTM)
Gross Margin QoQ = 40.77% (prev 79.55%)
Tobins Q-Ratio = 1.79 (Enterprise Value 6.99b / Total Assets 3.91b)
Interest Expense / Debt = 5.77% (Interest Expense 296.8m / Debt 5.15b)
Taxrate = 27.69% (8.50m / 30.7m)
NOPAT = 166.5m (EBIT 230.3m * (1 - 27.69%))
Current Ratio = 0.25 (Total Current Assets 232.5m / Total Current Liabilities 915.8m)
Debt / Equity = 14.70 (Debt 5.15b / totalStockholderEquity, last quarter 350.1m)
Debt / EBITDA = 6.77 (Net Debt 5.03b / EBITDA 743.2m)
Debt / FCF = 9.16 (Net Debt 5.03b / FCF TTM 549.6m)
Total Stockholder Equity = 390.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.74% (Net Income 26.4m / Total Assets 3.91b)
RoE = 3.73% (Net Income TTM 26.4m / Total Stockholder Equity 708.2m)
RoCE = 14.04% (EBIT 230.3m / Capital Employed (Equity 708.2m + L.T.Debt 932.6m))
RoIC = 4.79% (NOPAT 166.5m / Invested Capital 3.48b)
WACC = 5.27% (E(1.95b)/V(7.10b) * Re(8.15%) + D(5.15b)/V(7.10b) * Rd(5.77%) * (1-Tc(0.28)))
Discount Rate = 8.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -30.43 | Cagr: -0.81%
[DCF] Terminal Value 77.97% ; FCFF base≈414.1m ; Y1≈474.7m ; Y5≈698.7m
[DCF] Fair Price = 84.58 (EV 10.5b - Net Debt 5.03b = Equity 5.48b / Shares 64.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 66.29 | Revenue CAGR: 13.70% | SUE: 0.04 | # QB: 0
EPS current Year (2026-12-31): EPS=1.11 | Chg30d=+6.88% | Revisions=-20% | GrowthEPS=+405.3% | GrowthRev=+16.7%
EPS next Year (2027-12-31): EPS=2.13 | Chg30d=+4.42% | Revisions=-14% | GrowthEPS=+61.3% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: -20%