Basic Fit N.V. (BFIT) AI Stock Analysis

• Market Cap: €2.12B
• Dividend Yield: N/A
• Average Volume (3M): 104.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 15.57%
• EPS Growth: -154.03%
• Country: NL
• Employees: 8,937
• Sector: General
• Sector Strength: N/A
• Industry: Leisure
• EPS (TTM): 0.21
• Shares Outstanding: 66,000,000
• 10 Day Avg. Volume: 154,141
• 30 Day Avg. Volume: 104,769
• PEG Ratio: -0.48
• Price to Book (P/B): 3.66
• Price to Sales (P/S): 1.24
• P/FCF Ratio: 6.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €33.25
• Price Target Upside: 3.91% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: €37.00 ▲(15.63% Upside)

The score is driven primarily by solid financial performance (strong growth and cash flow improvement, offset by high leverage) and supportive technical momentum (uptrend across key moving averages). Valuation is the main drag due to a highly negative P/E and no dividend yield provided.

Positive Factors

Revenue Growth

Sustained mid-teens revenue growth demonstrates rising membership adoption and successful market penetration. Over 2–6 months, this enlarges recurring fee base, spreads fixed costs, funds incremental investment in new clubs, and underpins longer-term cash generation.

Operating Cash Flow

Improving operating and free cash flow indicate the business converts revenue into real liquidity, enabling capex, deleveraging, and reinvestment without reliance on capital markets. This supports durable expansion and resilience against cyclical pressures.

Scalable Low-cost Model

A scalable, low-price subscription model with a broad network promotes stable recurring revenue and strong unit economics as membership density rises. This structural advantage supports margin expansion and competitive defensibility across European markets.

Negative Factors

High Leverage

Significant leverage reduces financial flexibility and increases interest expense sensitivity. Over months, high debt constraints can limit investment, force tighter cash allocation to servicing, and raise refinancing risk if macro conditions worsen.

Weak Net Margins

Persistent low net margins mean a smaller share of revenue converts to retained earnings, limiting capacity to self-fund growth or absorb cost shocks. Structurally higher opex and financing costs make earnings vulnerable to input cost increases.

Earnings Volatility

Deeply negative EPS growth signals earnings instability, likely from financing or non-operational items. Over the medium term this can hinder balance-sheet repair, reduce internal funding for expansion, and impair stakeholder confidence in profitability recovery.

Basic Fit N.V. Business Overview & Revenue Model

Company Description

Basic-Fit N.V. operates fitness clubs. As of March 9, 2022, it operated 223 clubs in the Netherlands, 207 clubs in Belgium, 10 clubs in Luxembourg, 578 clubs in France, and 63 clubs in Spain. The company was founded in 1984 and is headquartered in Hoofddorp, the Netherlands.

How the Company Makes Money

Basic Fit generates revenue primarily through its membership fees, which vary based on the type of membership selected, such as standard or premium options. The company also earns income from personal training services, group classes, and ancillary fitness products sold at its gyms. Additionally, Basic Fit has established partnerships with fitness equipment suppliers and technology providers that enhance its service offerings and customer experience. The company's expansion strategy into new markets, paired with its focus on maintaining low operational costs, contributes significantly to its financial performance.

Basic Fit N.V. Financial Statement Overview

Summary

Strong revenue growth and improving operating/free cash flow support a solid operating picture, but high leverage and low net margins (driven by operating costs and debt servicing) meaningfully constrain overall financial quality.

Income Statement

Basic Fit N.V. has demonstrated impressive revenue growth over the past few years, particularly notable from 2023 to 2024 with a 16% increase. Gross profit margins have remained strong, indicating effective cost management. However, net profit margins have been low due to high operating costs and debt servicing, limiting overall profitability.

Balance Sheet

The company exhibits a high debt-to-equity ratio, indicating significant leverage that could pose risks if not managed properly. Despite this, stockholders' equity has shown improvement, suggesting some strengthening of financial stability.

Cash Flow

Basic Fit N.V. has shown strong operating cash flow growth, which has supported its capital expenditures and debt repayments. The free cash flow has also grown significantly, reflecting better cash management and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	969.09M	1.22B	1.05B	794.57M	340.75M	376.81M
Gross Profit	776.26M	1.18B	413.76M	624.39M	-82.02M	-16.44M
EBITDA	250.66M	562.70M	473.84M	390.59M	140.97M	140.96M
Net Income	-132.00K	8.00M	-2.68M	-3.69M	-150.05M	-125.19M
Balance Sheet
Total Assets	3.54B	3.54B	3.23B	2.85B	2.55B	2.28B
Cash, Cash Equivalents and Short-Term Investments	36.70M	56.10M	70.73M	45.55M	69.90M	70.41M
Total Debt	2.90B	2.82B	2.53B	2.22B	1.92B	1.80B
Total Liabilities	3.15B	3.13B	2.83B	2.45B	2.14B	1.97B
Stockholders Equity	392.00M	411.50M	355.26M	405.39M	410.58M	310.70M
Cash Flow
Free Cash Flow	238.03M	246.90M	157.80M	93.47M	-97.64M	-116.66M
Operating Cash Flow	462.37M	581.80M	490.40M	372.64M	74.47M	100.92M
Investing Cash Flow	-318.22M	-358.50M	-330.50M	-286.18M	-178.11M	-221.79M
Financing Cash Flow	-238.11M	-237.50M	-132.50M	-113.06M	103.34M	86.24M

Basic Fit N.V. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:BFIT, the sentiment is Positive. The current price of 32 is above the 20-day moving average (MA) of 31.09, above the 50-day MA of 29.27, and above the 200-day MA of 25.57, indicating a bullish trend. The MACD of 0.99 indicates Negative momentum. The RSI at 58.65 is Neutral, neither overbought nor oversold. The STOCH value of 43.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:BFIT.

Basic Fit N.V. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAVAS	71 Outperform	€1.73B	9.83	―	5.07%	-0.51%	-56.03%
BFIT	67 Neutral	€2.12B	-512.82	-1.16%	―	15.57%	-154.03%
LIGHT	62 Neutral	€2.16B	8.68	11.48%	7.57%	-4.73%	17.93%
BRNL	59 Neutral	€377.00M	24.82	5.36%	7.15%	-7.16%	-50.45%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
NSI	55 Neutral	€373.27M	-35.08	0.32%	12.07%	2.36%	―
PNL	54 Neutral	€601.77M	-40.90	-12.23%	6.72%	2.44%	-179.02%