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Low-cost gym chain operating budget fitness clubs across the Netherlands, France, Spain, Belgium and other European countries.
Low-cost gym chain operating budget fitness clubs across the Netherlands, France, Spain, Belgium and other European countries.
Members pay a low monthly fee for a gym with few staff and no frills; profit depends on filling each club quickly after opening and holding costs, with lease rents the biggest fixed cost. New clubs open at a steady pace in each country, while older clubs carry the cash flow.
In one line: Europe's Planet Fitness - low-cost gym chain.
Moat: narrow (scale, brand, distribution). Largest low-cost European gym network gives site-selection and purchasing scale advantages.
Headquarters: Hoofddorp, Netherlands · Founded: 2002 · Employees: 9,084
Size Basic-Fit (BFIT.AS) is a Netherlands Consumer Discretionary company (Other Consumer Services) with a market value of $2.23B, the 39th largest of 61 Netherlands companies the cockpit tracks. Shares closed at €30.16 on 6 Nov 2026.
Performance Over six months the shares gained 1.8%, against -6.9% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 18.0% over the last twelve months (peer median +4.5%); the operating margin is 12.1% (peer median 12.8%).
Valuation It trades at 22.0× forward earnings against a peer median of 11.4× (5th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +30%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.3 points below its cost of capital (5.4% WACC).
Credit Basic-Fit has 2 bonds outstanding ($539M).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.54B | €1.42B | €1.22B | €1.05B | €795M |
| Revenue growth | — | +17% | +16% | +32% | — |
| Gross profit | €630M | €564M | €488M | €414M | €270M |
| EBITDA | €699M | €632M | €552M | €475M | €379M |
| Net income | €45.5M | €14.5M | €8.00M | -€2.68M | -€3.69M |
| Free cash flow | €432M | €333M | €207M | €137M | €81.6M |
| Capital expenditure | €218M | €278M | €335M | €333M | €279M |
| Total debt | n/a | €3.21B | €2.87B | €2.58B | €2.22B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Basic-Fit BFIT.AS | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% |
| Planet Fitness PLNT | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% |
| Gym GYM.L | $436M | +1% | +9% | 13% | 35.6× | 11.7% |
| Sats SATS.OL | $937M | +10% | +5% | 18% | 15.2× | -5.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BFIT.AS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.3% | +4.1% | 11th highest of 21 |
| 6-month return | +1.8% | -6.9% | 9th highest of 21 |
| Distance from 52-week high | -17.8% | -28.4% | 6th highest of 21 |
| Revenue growth (TTM) | +18.0% | +4.5% | 3rd highest of 21 |
| Operating margin | 12.1% | 12.8% | 11th highest of 21 |
| Forward P/E | 22.0× | 11.4× | 5th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 6.5% | 5.3% | 10th least demanding of 19 |
| Growth delivered (Del g) | +30.4% | +15.4% | 5th highest of 19 |
| Hurdle (Req g minus delivered) | -23.9 pp | -17.3 pp | 7th least demanding of 19 |
| ROIC minus cost of capital | -1.3 pp | +3.7 pp | 4th lowest of 20 |
| EV / EBITDA | 7.1× | 8.3× | 9th cheapest of 19 |
| Net debt / EBITDA | 4.3× | 1.1× | 4th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
| Park24 4666.T | Japan | $1.93B | -2% | +4% | 10% | 6.8× | -5.2% | +8.6% |
| Flight Centre Travel FLT.AX | Australia | $1.72B | +17% | +3% | 7% | 11.4× | 8.5% | +48.5% |
| Perdoceo Education PRDO | United States | $1.68B | -25% | +12% | 25% | 9.1× | -16.0% | +4.2% |
| Saga SAGA.L | United Kingdom | $1.67B | +56% | +37% | 16% | 18.6× | 12.6% | +14.3% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Changbai Mountain Tourism 603099.SS | China | $1.54B | +8% | +2% | 20% | 71.9× | 15.4% | +39.7% |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Shoucheng 0697.HK | Hong Kong | $1.33B | -27% | -1% | 16% | 15.5× | 21.2% | +15.3% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| AcadeMedia ACAD.ST | Sweden | $1.22B | +20% | +8% | 7% | 9.9× | -1.8% | +8.7% |
| Strategic Education STRA | United States | $1.16B | -35% | +4% | 16% | 7.9× | -12.6% | +4.3% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
Basic-Fit has 2 bonds outstanding with $539M face value.