PLANET FITNESS INC - CL A (PLNT)
US72703H1014 - Common Stock
We assign a fundamental rating of 5 out of 10 to PLNT. PLNT was compared to 135 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.
In the past 5 years PLNT always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 5.26%, PLNT is doing good in the industry, outperforming 70.90% of the companies in the same industry.
PLNT's Return On Invested Capital of 7.78% is fine compared to the rest of the industry. PLNT outperforms 60.45% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PLNT is below the industry average of 10.46%.
The 3 year average ROIC (6.20%) for PLNT is below the current ROIC(7.78%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.26% | ||
| ROE | N/A | ||
| ROIC | 7.78% |
ROA(3y)3.42%
ROA(5y)3.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.2%
ROIC(5y)6.3%
1.3 Margins
With an excellent Profit Margin value of 14.23%, PLNT belongs to the best of the industry, outperforming 85.07% of the companies in the same industry.
In the last couple of years the Profit Margin of PLNT has declined.
The Operating Margin of PLNT (27.15%) is better than 92.54% of its industry peers.
In the last couple of years the Operating Margin of PLNT has declined.
Looking at the Gross Margin, with a value of 52.67%, PLNT is in the better half of the industry, outperforming 61.94% of the companies in the same industry.
PLNT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.15% | ||
| PM (TTM) | 14.23% | ||
| GM | 52.67% |
OM growth 3Y20.1%
OM growth 5Y-4.57%
PM growth 3YN/A
PM growth 5Y-3.42%
GM growth 3Y4.28%
GM growth 5Y0.38%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLNT is destroying value.
Compared to 1 year ago, PLNT has less shares outstanding
The number of shares outstanding for PLNT has been reduced compared to 5 years ago.
The debt/assets ratio for PLNT has been reduced compared to a year ago.
2.2 Solvency
PLNT has an Altman-Z score of 1.94. This is not the best score and indicates that PLNT is in the grey zone with still only limited risk for bankruptcy at the moment.
PLNT has a Altman-Z score (1.94) which is comparable to the rest of the industry.
PLNT has a debt to FCF ratio of 11.23. This is a negative value and a sign of low solvency as PLNT would need 11.23 years to pay back of all of its debts.
PLNT has a Debt to FCF ratio of 11.23. This is in the better half of the industry: PLNT outperforms 60.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.23 | ||
| Altman-Z | 1.94 |
ROIC/WACC0.98
WACC7.9%
2.3 Liquidity
A Current Ratio of 1.94 indicates that PLNT should not have too much problems paying its short term obligations.
PLNT has a Current ratio of 1.94. This is amongst the best in the industry. PLNT outperforms 83.58% of its industry peers.
A Quick Ratio of 1.93 indicates that PLNT should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.93, PLNT belongs to the best of the industry, outperforming 85.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.93 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.76% over the past year.
PLNT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.84% yearly.
PLNT shows a small growth in Revenue. In the last year, the Revenue has grown by 5.50%.
Measured over the past years, PLNT shows a quite strong growth in Revenue. The Revenue has been growing by 13.34% on average per year.
EPS 1Y (TTM)13.76%
EPS 3Y321.72%
EPS 5Y12.84%
EPS Q2Q%8.47%
Revenue 1Y (TTM)5.5%
Revenue growth 3Y38.12%
Revenue growth 5Y13.34%
Sales Q2Q%5.29%
3.2 Future
Based on estimates for the next years, PLNT will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.84% on average per year.
The Revenue is expected to grow by 9.53% on average over the next years. This is quite good.
EPS Next Y11.99%
EPS Next 2Y14.08%
EPS Next 3Y14.84%
EPS Next 5YN/A
Revenue Next Year14.42%
Revenue Next 2Y12.37%
Revenue Next 3Y9.53%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 40.94, the valuation of PLNT can be described as expensive.
PLNT's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of PLNT to the average of the S&P500 Index (29.20), we can say PLNT is valued slightly more expensively.
PLNT is valuated quite expensively with a Price/Forward Earnings ratio of 34.67.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLNT is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of PLNT to the average of the S&P500 Index (24.00), we can say PLNT is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.94 | ||
| Fwd PE | 34.67 |
4.2 Price Multiples
PLNT's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. PLNT is more expensive than 70.15% of the companies in the same industry.
PLNT's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.33 | ||
| EV/EBITDA | 21.76 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PLNT does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of PLNT may justify a higher PE ratio.
PLNT's earnings are expected to grow with 14.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.41
PEG (5Y)3.19
EPS Next 2Y14.08%
EPS Next 3Y14.84%
5. Dividend
5.1 Amount
PLNT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PLANET FITNESS INC - CL A
NYSE:PLNT (11/22/2024, 8:04:00 PM)
After market: 100.864 -0.67 (-0.66%)101.53
+1.51 (+1.51%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.59B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Min EPS beat(2)
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PT rev (1m)
PT rev (3m)
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EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.94 | ||
| Fwd PE | 34.67 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.41
PEG (5Y)3.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.26% | ||
| ROE | N/A | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 27.15% | ||
| PM (TTM) | 14.23% | ||
| GM | 52.67% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.93 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)13.76%
EPS 3Y321.72%
EPS 5Y
EPS Q2Q%
EPS Next Y11.99%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.5%
Revenue growth 3Y38.12%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y