Planet Fitness Stock Fair Value Calculator – Planet Fitness Reports Strong Third Quarter Financial Results Ending September 30, 2023
November 26, 2023
☀️Earnings Overview
For the third quarter of fiscal year 2023, PLANET FITNESS ($NYSE:PLNT) reported total revenues of USD 277.6 million, an increase of 13.6% compared to the same period in the prior year. Net income for the quarter was USD 39.1 million, representing a 45.4% growth from the same quarter one year prior.
Price History
On Tuesday, PLANET FITNESS reported impressive financial results for the third quarter ending September 30, 2023. The company’s stock opened at $63.5 and closed at $62.6, soar by 13.4% from prior closing price of 55.2. This marked a significant improvement in the company’s financial performance compared to the same period last year. The company attributed the strong performance to higher member growth, fueled by its innovative offerings such as its digital platform and the launch of new concept clubs.
Additionally, PLANET FITNESS saw strong growth in its retail sales, driven by the success of its apparel line and new equipment sales. Overall, PLANET FITNESS reported a strong third quarter financial performance, signaling a positive outlook for the company’s future. The stock market responded favorably to the news, as investors continue to have faith in the company’s ability to deliver long-term growth and success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Planet Fitness. More…
| Total Revenues | Net Income | Net Margin |
| 1.07k | 136.66 | 12.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Planet Fitness. More…
| Operations | Investing | Financing |
| 316.7 | -285.28 | -143.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Planet Fitness. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.94k | 3.11k | -1.84 |
Key Ratios Snapshot
Some of the financial key ratios for Planet Fitness are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.0% | 43.9% | 26.9% |
| FCF Margin | ROE | ROA |
| -21.3% | -100.1% | 6.1% |
Analysis – Planet Fitness Stock Fair Value Calculator
GoodWhale has completed an analysis of PLANET FITNESS‘s financials and our proprietary Valuation Line has calculated the intrinsic value of PLANET FITNESS’s share to be around $116.7. Currently, PLANET FITNESS stock is traded at $62.6, which is significantly lower than its intrinsic value and results in a 46.4% undervaluation. More…
Peers
Planet Fitness Inc is in competition with Destination Maternity Corp, Tractor Supply Co, and Accel Entertainment Inc. Each company is vying for a share of the market and the customer base. Each company has its own strengths and weaknesses, and each is trying to get an edge over the others.
– Destination Maternity Corp ($OTCPK:DESTQ)
Destination Maternity Corporation is a publicly traded retailer of maternity apparel in the United States. The Company operates through two segments: Motherhood Maternity(R) and A Pea in the Pod(R). As of October 28, 2017, the Company operated 1,948 retail locations, of which 1,060 were Motherhood Maternity stores, 514 were Destination Maternity stores, 274 were A Pea in the Pod stores and 100 were leased departments located within department stores and baby specialty stores. The Company’s retail locations are located in the United States, Puerto Rico, Canada and the United Kingdom. The Company offers a variety of apparel, including casual wear, work-out wear, sleepwear, lingerie and accessories. The Company also offers a line of nursing apparel and a line of children’s clothing.
– Tractor Supply Co ($NASDAQ:TSCO)
Tractor Supply Company is an American retail chain of stores that offer products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. It operates more than 2,000 stores in the United States.
Tractor Supply’s market cap is $23.79 billion as of 2022. The company’s return on equity is 45.88%. Tractor Supply is a leading retailer in the United States, offering products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. The company operates more than 2,000 stores across the country.
– Accel Entertainment Inc ($NYSE:ACEL)
Accel Entertainment Inc is a gaming technology company that provides gaming devices, systems and services for the gaming industry. The company has a market capitalization of $842.69 million and a return on equity of 32.45%. Accel Entertainment Inc provides gaming devices, systems and services for the gaming industry. The company offers gaming devices, systems and services for the gaming industry.
Summary
Investors in Planet Fitness (PLNT) have reason to be optimistic after the company released its financial results for the third quarter of FY2023. Total revenue increased 13.6% year-over-year, while net income grew 45.4%. This strong performance was reflected in the stock price, which moved up on the same day.
Going forward, investors will want to keep an eye on the company’s financials to gauge its ability to maintain these kind of results. With a healthy balance sheet and a strong cash position, PLNT should continue to be a solid investment in the long term.
