PLANET FITNESS INC - CL A (PLNT) Stock Fundamental Analysis
NYSE:PLNT - New York Stock Exchange, Inc. - US72703H1014 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to PLNT. PLNT was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. PLNT has only an average score on both its financial health and profitability. While showing a medium growth rate, PLNT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year PLNT was profitable.
PLNT had a positive operating cash flow in the past year.
Of the past 5 years PLNT 4 years were profitable.
PLNT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PLNT's Return On Assets of 5.81% is fine compared to the rest of the industry. PLNT outperforms 73.68% of its industry peers.
With a decent Return On Invested Capital value of 8.67%, PLNT is doing good in the industry, outperforming 69.92% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PLNT is significantly below the industry average of 13.97%.
The 3 year average ROIC (7.31%) for PLNT is below the current ROIC(8.67%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | N/A | ||
| ROIC | 8.67% |
ROA(3y)4.58%
ROA(5y)3.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.31%
ROIC(5y)5.99%
1.3 Margins
PLNT has a better Profit Margin (14.84%) than 88.72% of its industry peers.
In the last couple of years the Profit Margin of PLNT has declined.
The Operating Margin of PLNT (27.89%) is better than 95.49% of its industry peers.
PLNT's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 52.11%, PLNT is in the better half of the industry, outperforming 61.65% of the companies in the same industry.
In the last couple of years the Gross Margin of PLNT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.89% | ||
| PM (TTM) | 14.84% | ||
| GM | 52.11% |
OM growth 3Y4.56%
OM growth 5Y-4.26%
PM growth 3Y25.93%
PM growth 5Y-3.15%
GM growth 3Y-1.11%
GM growth 5Y0.02%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLNT is destroying value.
The number of shares outstanding for PLNT has been reduced compared to 1 year ago.
PLNT has less shares outstanding than it did 5 years ago.
PLNT has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.10 indicates that PLNT is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.10, PLNT is in the better half of the industry, outperforming 62.41% of the companies in the same industry.
PLNT has a debt to FCF ratio of 9.17. This is a negative value and a sign of low solvency as PLNT would need 9.17 years to pay back of all of its debts.
The Debt to FCF ratio of PLNT (9.17) is better than 63.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 9.17 | ||
| Altman-Z | 2.1 |
ROIC/WACC0.99
WACC8.72%
2.3 Liquidity
A Current Ratio of 2.10 indicates that PLNT has no problem at all paying its short term obligations.
The Current ratio of PLNT (2.10) is better than 86.47% of its industry peers.
A Quick Ratio of 2.09 indicates that PLNT has no problem at all paying its short term obligations.
PLNT has a Quick ratio of 2.09. This is amongst the best in the industry. PLNT outperforms 86.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.09 |
3. Growth
3.1 Past
PLNT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.39%, which is quite good.
The Earnings Per Share has been growing by 10.03% on average over the past years. This is quite good.
Looking at the last year, PLNT shows a quite strong growth in Revenue. The Revenue has grown by 10.31% in the last year.
PLNT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.40% yearly.
EPS 1Y (TTM)11.39%
EPS 3Y46.53%
EPS 5Y10.03%
EPS Q2Q%11.32%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y26.27%
Revenue growth 5Y11.4%
Sales Q2Q%11.55%
3.2 Future
The Earnings Per Share is expected to grow by 14.33% on average over the next years. This is quite good.
Based on estimates for the next years, PLNT will show a quite strong growth in Revenue. The Revenue will grow by 8.97% on average per year.
EPS Next Y15.74%
EPS Next 2Y16.24%
EPS Next 3Y15.41%
EPS Next 5Y14.33%
Revenue Next Year11.95%
Revenue Next 2Y11.05%
Revenue Next 3Y10.43%
Revenue Next 5Y8.97%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
PLNT is valuated quite expensively with a Price/Earnings ratio of 39.83.
Compared to the rest of the industry, the Price/Earnings ratio of PLNT is on the same level as its industry peers.
When comparing the Price/Earnings ratio of PLNT to the average of the S&P500 Index (26.31), we can say PLNT is valued expensively.
A Price/Forward Earnings ratio of 30.16 indicates a quite expensive valuation of PLNT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLNT is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.06. PLNT is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.83 | ||
| Fwd PE | 30.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PLNT is valued a bit more expensive than the industry average as 69.92% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLNT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.47 | ||
| EV/EBITDA | 21.07 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PLNT has a very decent profitability rating, which may justify a higher PE ratio.
PLNT's earnings are expected to grow with 15.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.53
PEG (5Y)3.97
EPS Next 2Y16.24%
EPS Next 3Y15.41%
5. Dividend
5.1 Amount
No dividends for PLNT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
105.16
-0.16 (-0.15%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners112.02%
Inst Owner Change3.82%
Ins Owners0.34%
Ins Owner Change8.22%
Market Cap8.85B
Analysts83.2
Price Target113.23 (7.67%)
Short Float %9.59%
Short Ratio5.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.59%
Min EPS beat(2)-5.98%
Max EPS beat(2)11.16%
EPS beat(4)3
Avg EPS beat(4)4.91%
Min EPS beat(4)-5.98%
Max EPS beat(4)11.16%
EPS beat(8)7
Avg EPS beat(8)5.87%
EPS beat(12)9
Avg EPS beat(12)4.23%
EPS beat(16)11
Avg EPS beat(16)5.63%
Revenue beat(2)1
Avg Revenue beat(2)-0.03%
Min Revenue beat(2)-2.84%
Max Revenue beat(2)2.79%
Revenue beat(4)3
Avg Revenue beat(4)0.69%
Min Revenue beat(4)-2.84%
Max Revenue beat(4)2.79%
Revenue beat(8)5
Avg Revenue beat(8)1.4%
Revenue beat(12)7
Avg Revenue beat(12)0.15%
Revenue beat(16)10
Avg Revenue beat(16)1.01%
PT rev (1m)0%
PT rev (3m)-0.21%
EPS NQ rev (1m)1.81%
EPS NQ rev (3m)-0.93%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-0.26%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)0.96%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)2.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.83 | ||
| Fwd PE | 30.16 | ||
| P/S | 7.32 | ||
| P/FCF | 37.47 | ||
| P/OCF | 22.81 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.07 |
EPS(TTM)2.64
EY2.51%
EPS(NY)3.49
Fwd EY3.32%
FCF(TTM)2.81
FCFY2.67%
OCF(TTM)4.61
OCFY4.38%
SpS14.38
BVpS-2.61
TBVpS-14.91
PEG (NY)2.53
PEG (5Y)3.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | N/A | ||
| ROCE | 12.04% | ||
| ROIC | 8.67% | ||
| ROICexc | 10.34% | ||
| ROICexgc | 18.48% | ||
| OM | 27.89% | ||
| PM (TTM) | 14.84% | ||
| GM | 52.11% | ||
| FCFM | 19.52% |
ROA(3y)4.58%
ROA(5y)3.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.31%
ROIC(5y)5.99%
ROICexc(3y)8.54%
ROICexc(5y)7.36%
ROICexgc(3y)16.05%
ROICexgc(5y)12.99%
ROCE(3y)10.15%
ROCE(5y)8.31%
ROICexcg growth 3Y14.17%
ROICexcg growth 5Y-6.99%
ROICexc growth 3Y7.74%
ROICexc growth 5Y-8.02%
OM growth 3Y4.56%
OM growth 5Y-4.26%
PM growth 3Y25.93%
PM growth 5Y-3.15%
GM growth 3Y-1.11%
GM growth 5Y0.02%
F-Score6
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 9.17 | ||
| Debt/EBITDA | 4.31 | ||
| Cap/Depr | 95.33% | ||
| Cap/Sales | 12.54% | ||
| Interest Coverage | 3.53 | ||
| Cash Conversion | 78.11% | ||
| Profit Quality | 131.55% | ||
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.09 | ||
| Altman-Z | 2.1 |
F-Score6
WACC8.72%
ROIC/WACC0.99
Cap/Depr(3y)89.48%
Cap/Depr(5y)90.47%
Cap/Sales(3y)12.17%
Cap/Sales(5y)11.73%
Profit Quality(3y)130.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.39%
EPS 3Y46.53%
EPS 5Y10.03%
EPS Q2Q%11.32%
EPS Next Y15.74%
EPS Next 2Y16.24%
EPS Next 3Y15.41%
EPS Next 5Y14.33%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y26.27%
Revenue growth 5Y11.4%
Sales Q2Q%11.55%
Revenue Next Year11.95%
Revenue Next 2Y11.05%
Revenue Next 3Y10.43%
Revenue Next 5Y8.97%
EBIT growth 1Y17.8%
EBIT growth 3Y32.02%
EBIT growth 5Y6.66%
EBIT Next Year64.57%
EBIT Next 3Y26.62%
EBIT Next 5Y19%
FCF growth 1Y30.6%
FCF growth 3Y11.78%
FCF growth 5Y5.26%
OCF growth 1Y38.55%
OCF growth 3Y22.02%
OCF growth 5Y10.98%