Jefferies analyst James Wheatcroft maintained a Buy rating on Basic Fit N.V. today and set a price target of €28.00.
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James Wheatcroft has given his Buy rating due to a combination of factors that highlight Basic Fit N.V.’s strong growth potential and robust financial performance. The company has maintained its financial guidance for both revenues and EBITDA for the fiscal year 2025, indicating stability and confidence in its future earnings. Notably, Basic Fit has achieved a 16% increase in revenues and a 13% rise in memberships, showcasing its ability to expand its customer base effectively.
Furthermore, despite opening fewer clubs compared to the previous year, the company has managed to achieve significant membership growth, which is a testament to its operational efficiency. The valuation of Basic Fit appears attractive, with a relatively low EV/EBITDA multiple compared to its growth prospects. The company’s plans to open 100 new gyms this year are on track, aligning with market expectations, and the average revenue per member has increased by 3%. These factors collectively support the Buy rating, as they suggest a promising outlook for Basic Fit’s continued expansion and profitability.
In another report released on October 8, Kepler Capital also maintained a Buy rating on the stock with a €41.00 price target.