PLNT - Planet Fitness Inc Stock Price, Fair Value and News

58.68USD-0.67 (-1.13%)Market Closed

Market Summary

USD58.68-0.67

Market Closed

-1.13%

PLNT Stock Price

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PLNT RSI Chart

PLNT Valuation

Market Cap

5.1B

Price/Earnings (Trailing)

36.66

Price/Sales (Trailing)

4.73

EV/EBITDA

10.81

Price/Free Cashflow

26.1

PLNT Price/Sales (Trailing)

PLNT Profitability

Operating Margin

82.26%

EBT Margin

19.37%

Return on Equity

23.96%

Return on Assets

4.66%

Free Cashflow Yield

3.83%

PLNT Fundamentals

PLNT Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

1.36%

Rev. Growth (Qtr)

2.71%

PLNT Earnings

Earnings (TTM)

138.3M

Earnings Growth (Yr)

4.92%

Earnings Growth (Qtr)

-9.7%

Breaking Down PLNT Revenue

Last 7 days

-6.7%

Last 30 days

-0.6%

Last 90 days

-20.8%

Trailing 12 Months

-24.0%

How does PLNT drawdown profile look like?

PLNT Financial Health

Current Ratio

1.88

Debt/Equity

2.96

Debt/Cashflow

0.19

PLNT Investor Care

Shares Dilution (1Y)

2.42%

Diluted EPS (TTM)

1.62

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	972.3M	1.0B	1.1B	1.1B
2022	661.8M	749.0M	839.1M	936.8M
2021	391.3M	488.3M	537.2M	587.0M
2020	667.2M	525.8M	464.4M	406.6M
2019	600.4M	641.5M	671.7M	688.8M
2018	460.2M	493.4M	532.6M	572.9M
2017	386.0M	401.8M	412.3M	429.9M
2016	337.0M	349.5M	367.7M	378.2M
2015	299.1M	315.4M	320.7M	330.5M
2014	228.2M	245.4M	262.6M	279.8M
2013	0	0	0	211.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Planet Fitness Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	dunaway cambria w	acquired	-	-	370	-
Apr 01, 2024	anderson enshalla	acquired	-	-	351	-
Apr 01, 2024	rathke frances g	acquired	-	-	370	-
Apr 01, 2024	spinelli stephen jr	acquired	-	-	556	-
Apr 01, 2024	tanco christopher	acquired	-	-	360	-
Mar 15, 2024	simmons jennifer	acquired	-	-	7,067	div president, corp stores
Mar 15, 2024	o'donnell brian	acquired	-	-	2,436	svp, chief accounting officer
Mar 15, 2024	fitzgerald thomas j iii	acquired	-	-	6,515	chief financial officer
Mar 15, 2024	bode william	acquired	-	-	7,988	div. president, u.s. franchise
Jan 02, 2024	rathke frances g	acquired	-	-	325	-

Which funds bought or sold PLNT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	Iron Horse Wealth Management, LLC	unchanged	-	-259	1,566	-%
Apr 17, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	sold off	-100	-1,241,000	-	-%
Apr 16, 2024	Financial Management Professionals, Inc.	sold off	-100	-	-	-%
Apr 15, 2024	FIRST NATIONAL CORP /MA/ /ADV	unchanged	-	-	579,255	0.14%
Apr 15, 2024	Legato Capital Management LLC	sold off	-100	-496,765	-	-%
Apr 15, 2024	Sound Income Strategies, LLC	new	-	8,142	8,142	-%
Apr 12, 2024	Whitaker-Myers Wealth Managers, LTD.	sold off	-100	-209,948	-	-%
Apr 12, 2024	AdvisorNet Financial, Inc	new	-	814	814	-%
Apr 12, 2024	ARMSTRONG ADVISORY GROUP, INC	unchanged	-	-	7,300	-%
Apr 10, 2024	Yarbrough Capital, LLC	unchanged	-	-101,253	611,519	0.03%

Are Funds Buying or Selling PLNT?

Are funds buying PLNT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PLNT

No. of Funds

Unveiling Planet Fitness Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	cadian capital management, lp	5.2%	44,303	SC 13G
Feb 14, 2024	amundi	5.5%	4,723,018	SC 13G
Feb 13, 2024	vanguard group inc	9.45%	8,076,794	SC 13G/A
Jan 23, 2024	blackrock inc.	14.1%	12,039,772	SC 13G/A
Feb 14, 2023	ameriprise financial inc	2.73%	2,273,733	SC 13G/A
Feb 09, 2023	vanguard group inc	9.20%	7,677,396	SC 13G/A
Jan 23, 2023	blackrock inc.	10.1%	8,452,839	SC 13G/A
Jul 08, 2022	blackrock inc.	10.2%	8,642,608	SC 13G
Feb 14, 2022	srs investment management, llc	8.3%	6,956,803	SC 13G/A
Feb 14, 2022	ameriprise financial inc	5.27%	4,389,993	SC 13G

Recent SEC filings of Planet Fitness Inc

View All Filings

Date Filed	Form Type	Document
Apr 16, 2024	8-K	Current Report
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Mar 21, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 19, 2024	4	Insider Trading

Planet Fitness Inc News

Latest updates

Planet Fitness Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.7%	285	278	286	222	281	244	224	187	184	154	137	112	134	105	40.00	127	192	167	182	149	174
Cost Of Revenue	6.9%	57.00	54.00	59.00	19.00	74.00	49.00	33.00	22.00	47.00	27.00	18.00	8.00	-	15.00	8.00	22.00	59.00	46.00	54.00	34.00	63.00
Costs and Expenses	4.2%	214	205	209	170	217	182	169	138	154	110	97.00	82.00	102	89.00	63.00	93.00	130	114	116	96.00	122
S&GA Expenses	-6.2%	31.00	33.00	33.00	28.00	29.00	27.00	28.00	31.00	27.00	23.00	22.00	22.00	17.00	18.00	16.00	17.00	21.00	21.00	19.00	18.00	20.00
EBITDA Margin	2.4%	0.41*	0.40*	0.40*	0.40*	0.40*	0.36*	0.35*	0.35*	0.33*	0.40*	0.38*	0.30*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.5%	22.00	22.00	21.00	22.00	22.00	22.00	22.00	23.00	20.00	20.00	20.00	20.00	21.00	21.00	20.00	20.00	17.00	15.00	15.00	15.00	15.00
Income Taxes	45.9%	20.00	13.00	16.00	10.00	15.00	16.00	9.00	12.00	-9.33	6.00	5.00	3.00	8.00	-1.03	-10.92	5.00	11.00	10.00	11.00	5.00	5.00
Earnings Before Taxes	5.1%	58.00	55.00	60.00	35.00	51.00	46.00	34.00	30.00	-2.87	25.00	20.00	10.00	17.00	-4.32	-42.90	15.00	45.00	40.00	51.00	37.00	34.00
EBT Margin	3.0%	0.19*	0.19*	0.19*	0.17*	0.17*	0.13*	0.12*	0.11*	0.09*	0.13*	0.09*	-0.05*	-	-	-	-	-	-	-	-	-
Net Income	-9.7%	35.00	39.00	41.00	23.00	34.00	27.00	22.00	16.00	6.00	17.00	14.00	6.00	9.00	-3.11	-29.18	9.00	30.00	26.00	35.00	27.00	25.00
Net Income Margin	0.9%	0.13*	0.13*	0.12*	0.11*	0.11*	0.09*	0.08*	0.08*	0.07*	0.09*	0.05*	-0.05*	-	-	-	-	-	-	-	-	-
Free Cashflow	-82.9%	12.00	70.00	37.00	75.00	15.00	56.00	35.00	34.00	18.00	63.00	38.00	17.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.8%	2,970	2,945	2,848	2,906	2,855	2,846	2,884	2,992	2,016	1,950	1,900	1,865	1,850	1,802	1,800	1,876	1,717	1,420	1,523	1,510	1,353
Current Assets	-12.6%	472	540	505	589	556	540	523	616	662	629	581	556	567	561	581	664	540	306	424	417	389
Cash Equivalents	-10.7%	276	309	236	460	410	467	446	537	604	585	527	504	516	502	510	611	479	250	361	367	320
Inventory	-37.9%	5.00	8.00	7.00	5.00	5.00	4.00	3.00	2.00	1.00	4.00	1.00	0.00	0.00	2.00	3.00	3.00	1.00	3.00	3.00	3.00	5.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	162	161	159	150	145	145	131	119	115	114
Goodwill	0%	718	718	718	703	703	700	714	696	229	228	228	228	228	228	228	228	228	207	207	200	200
Current Liabilities	-7.9%	251	273	274	250	245	258	264	326	177	160	135	115	112	120	135	180	145	136	125	134	131
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,688	1,155	1,157	1,158	1,160
LT Debt, Current	0%	21.00	21.00	21.00	21.00	21.00	21.00	21.00	21.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	12.00	12.00	12.00	12.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,688	1,155	1,157	1,158	1,160
Retained Earnings	4.9%	-691	-726	-765	-706	-703	-737	-714	-692	-708	-714	-731	-746	-751	-760	-757	-727	-736	-466	-333	-368	-394
Additional Paid-In Capital	0.9%	576	570	564	555	505	534	529	480	63.00	54.00	51.00	48.00	46.00	41.00	39.00	36.00	30.00	27.00	24.00	23.00	20.00
Accumulated Depreciation	-100.0%	-	297	274	251	228	205	190	169	152	141	129	118	108	98.00	89.00	82.00	74.00	70.00	65.00	59.00	53.00
Shares Outstanding	-	-	-	4.00	4.00	6.00	6.00	6.00	6.00	-	-	-	-	4.00	-	-	-	-	-	-	-	-
Minority Interest	57.4%	-3.34	-7.85	-13.99	-7.47	-12.55	-44.45	-43.64	2.00	3.00	2.00	2.00	1.00	0.00	-3.29	-3.41	-0.39	-1.30	-3.52	-5.26	-8.06	-8.21
Float	-	-	-	5,700	-	-	-	5,700	-	-	-	6,300	-	-	-	4,800	-	-	-	6,100	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-42.2%	63,334	109,590	59,420	97,910	49,781	80,163	52,253	58,010	39,799	75,224	50,743	23,523	33,253	10,869	-86,106	73,122	51,574	70,233	24,570	57,934	40,513
Share Based Compensation	3.1%	1,580	1,533	2,744	2,049	1,126	1,341	2,751	2,850	2,538	2,218	2,610	1,439	1,213	1,071	1,546	947	1,261	1,286	964	1,315	1,342
Cashflow From Investing	-96.3%	-92,076	-46,894	-178,024	-22,997	-37,368	-2,895	-16,597	-449,706	-24,144	-12,378	-23,035	-31,359	-15,841	-15,445	-12,017	-8,975	-58,539	-18,483	-26,222	-7,450	-22,259
Cashflow From Financing	8.7%	-5,031	-5,510	-106,269	-24,607	-7,012	-55,854	-125,626	324,217	2,779	-4,604	-4,337	-4,084	-3,903	-4,222	-3,443	69,418	235,188	-162,453	-4,120	-4,267	-306,151
Buy Backs	100.0%	-	-524	101,074	25,005	1.00	50,015	44,299	-	-	-	-	-	-	-	-	-	300,221	157,945	1.00	-	300,293

PLNT Income Statement

2023-09-30

Condensed consolidated statements of operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue:
Total revenue	$ 277,551	$ 244,386	$ 786,240	$ 655,504
Operating costs and expenses:
Cost of revenue	53,751	48,531	132,561	103,436
Store operations	63,120	57,892	188,011	161,789
Selling, general and administrative	33,290	27,148	93,705	86,176
National advertising fund expense	17,618	17,009	52,496	50,445
Depreciation and amortization	37,477	32,572	110,254	90,427
Other (gains) losses, net	(56)	(700)	7,705	(2,452)
Total operating costs and expenses	205,200	182,452	584,732	489,821
Income from operations	72,351	61,934	201,508	165,683
Other expense, net:
Interest income	4,245	1,561	12,339	2,244
Interest expense	(21,704)	(21,917)	(64,771)	(66,527)
Other income, net	148	4,762	631	9,000
Total other expense, net	(17,311)	(15,594)	(51,801)	(55,283)
Income before income taxes	55,040	46,340	149,707	110,400
Equity losses of unconsolidated entities, net of tax	(242)	(2)	(580)	(334)
Provision for income taxes	13,474	15,661	38,855	35,942
Net income	41,324	30,677	110,272	74,124
Less net income attributable to non-controlling interests	2,190	3,764	7,299	8,405
Net income attributable to Planet Fitness, Inc.	$ 39,134	$ 26,913	$ 102,973	$ 65,719
Class A Common Stock
Net income per share of Class A common stock:
Basic (in usd per share)	$ 0.46	$ 0.32	$ 1.22	$ 0.78
Diluted (in usd per share)	$ 0.46	$ 0.32	$ 1.21	$ 0.78
Weighted-average shares of Class A common stock outstanding:
Basic (in shares)	84,609,522	84,156,488	84,557,902	84,377,324
Diluted (in shares)	84,886,319	84,546,613	84,870,312	84,797,924
Franchise
Revenue:
Total revenue	$ 80,587	$ 66,168	$ 237,313	$ 200,243
National advertising fund revenue
Revenue:
Total revenue	17,578	14,578	52,378	43,130
Corporate-owned stores
Revenue:
Total revenue	113,245	101,330	332,885	278,940
Equipment
Revenue:
Total revenue	$ 66,141	$ 62,310	$ 163,664	$ 133,191

PLNT Balance Sheet

2023-09-30

Condensed consolidated balance sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 308,970	$ 409,840
Restricted cash	46,381	62,659
Short-term marketable securities	108,460	0
Accounts receivable, net of allowances for uncollectible amounts of $0 and $0 as of September 30, 2023 and December 31, 2022, respectively	36,362	46,242
Inventory	7,536	5,266
Prepaid expenses	18,073	11,078
Other receivables	8,678	14,975
Income tax receivables	5,659	5,471
Total current assets	540,119	555,531
Long-term marketable securities	10,252	0
Property and equipment, net of accumulated depreciation of $296,677 and $227,869 as of September 30, 2023 and December 31, 2022, respectively	366,780	348,820
Investments, net of allowances for expected credit losses of $14,951 and $14,957 as of September 30, 2023 and December 31, 2022, respectively	46,037	25,122
Right-of-use assets, net	381,819	346,937
Intangible assets, net	385,462	417,067
Goodwill	717,502	702,690
Deferred income taxes	492,965	454,565
Other assets, net	3,911	3,857
Total assets	2,944,847	2,854,589
Current liabilities:
Current maturities of long-term debt	20,750	20,750
Accounts payable	28,364	20,578
Accrued expenses	56,430	66,993
Equipment deposits	13,933	8,443
Restricted liabilities – national advertising fund	805	0
Deferred revenue, current	64,352	53,759
Payable pursuant to tax benefit arrangements, current	38,193	31,940
Other current liabilities	50,019	42,067
Total current liabilities	272,846	244,530
Long-term debt, net of current maturities	1,966,682	1,978,131
Lease liabilities, net of current portion	379,810	341,843
Deferred revenue, net of current portion	32,670	33,152
Deferred tax liabilities	1,397	1,471
Payable pursuant to tax benefit arrangements, net of current portion	451,569	462,525
Other liabilities	4,803	4,498
Total noncurrent liabilities	2,836,931	2,821,620
Commitments and contingencies (Note 14)
Stockholders’ equity (deficit):
Accumulated other comprehensive loss	(684)	(448)
Additional paid in capital	570,397	505,144
Accumulated deficit	(726,800)	(703,717)
Total stockholders’ deficit attributable to Planet Fitness Inc.	(157,078)	(199,012)
Non-controlling interests	(7,852)	(12,549)
Total stockholders’ deficit	(164,930)	(211,561)
Total liabilities and stockholders’ deficit	2,944,847	2,854,589
Class A Common Stock
Stockholders’ equity (deficit):
Common stock	9	8
Class B Common Stock
Stockholders’ equity (deficit):
Common stock	$ 0	$ 1

About Planet Fitness Inc

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.

CEO	Mr. Christopher J. Rondeau
WEBSITE	planetfitness.com
INDUSTRY	Leisure
EMPLOYEES	3137

Planet Fitness Inc Frequently Asked Questions

What is the ticker symbol for Planet Fitness Inc? What does PLNT stand for in stocks?

PLNT is the stock ticker symbol of Planet Fitness Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Planet Fitness Inc (PLNT)?

As of Wed Apr 17 2024, market cap of Planet Fitness Inc is 5.07 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PLNT stock?

You can check PLNT's fair value in chart for subscribers.

What is the fair value of PLNT stock?

You can check PLNT's fair value in chart for subscribers. The fair value of Planet Fitness Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Planet Fitness Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PLNT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Planet Fitness Inc a good stock to buy?

The fair value guage provides a quick view whether PLNT is over valued or under valued. Whether Planet Fitness Inc is cheap or expensive depends on the assumptions which impact Planet Fitness Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PLNT.

What is Planet Fitness Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, PLNT's PE ratio (Price to Earnings) is 36.66 and Price to Sales (PS) ratio is 4.73. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PLNT PE ratio will change depending on the future growth rate expectations of investors.