BSFFF - The Tide Is Shifting For Basic-Fit To Increased Profitability & A Higher Multiple
2025-07-23 15:12:50 ET
At today’s prices, Basic-FIT (BSFFF) - hereinafter referred to as BFIT - represents a highly compelling risk/reward, trading at a trough multiple of 5.3x our above-consensus 2026 EBITDA estimate. At 10x our 2027E EBITDA of €529 million, Basic-Fit is worth €65/share, more than 2.5x its current level and a >100% IRR over the next 18 months. With expected EBITDA growth of more than 30% in 2026, 10x is a reasonable multiple for the business, relative to its historical pre-pandemic trading range of 9-13x EBITDA....
The Tide Is Shifting For Basic-Fit To Increased Profitability & A Higher Multiple