Positive Outlook for Basic Fit N.V. with Buy Rating Amid Strategic Financial Moves

Jefferies analyst James Wheatcroft maintained a Buy rating on Basic Fit N.V. (0RHD – Research Report) today and set a price target of €28.00.

James Wheatcroft has given his Buy rating due to a combination of factors that suggest a positive outlook for Basic Fit N.V. Despite recent declines in share price, there are no fundamental issues causing concern. The company plans to recoup costs associated with 24/7 operations by FY25E, and it intends to refinance its convertible debt through bank loans rather than an equity raise, which will lead to a comfortable leverage position by the end of FY26E.
Additionally, the valuation assumes no growth beyond the opening of 100 new gyms annually, yet the balance sheet is expected to strengthen with leverage dropping below 2.0x by the end of FY26E. These factors collectively support a favorable view of the company’s financial health and growth potential, justifying the Buy rating.

According to TipRanks, Wheatcroft is a 3-star analyst with an average return of 2.9% and a 37.89% success rate.