Stock Market Impact: UBS upgraded Basic-Fit NV to “buy” from “neutral”, raising the 12‑month price target to €43.50 from €23.50; shares jumped over 9% on the news.
Listed Companies and Sectors: Basic-Fit trades at 6.9× forward EV/EBITDA and 17× P/E, both below post‑COVID averages. UBS forecasts revenue growth from €1.42 bn (2025) to €1.64 bn (2026) and €1.86 bn (2027); underlying EBITDA less rent projected at €435 m for 2026. Free cash flow expected to rise from €26.1 m (2025) to €147 m (2026) and €232 m (2027). Net debt to decline from €3.05 bn (2025‑EoY) to €2.95 bn (2026) and €1.53 bn (2030). The November 2025 acquisition of Clever Fit added 493 clubs, bringing German footprint to >450 clubs; target 1,000 clubs by 2036. Average revenue per user €25.70/month (2026) rising to €27.80 by 2030; members per club projected 3,328 by 2030.
Investment Flows: The upgrade and higher price target may attract additional equity investors and FPI into Basic‑Fit, given the improved risk‑reward perception highlighted by UBS.
Interest Rates, Inflation, Liquidity: No specific references in the article.
