Planet Fitness Intrinsic Value Calculation – Examining the Facts: Does Planet Fitness Drug Test Its Staff?
January 3, 2024
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Planet Fitness ($NYSE:PLNT) is a widely successful American based franchise of fitness clubs that has quickly become the go-to destination for those seeking a healthier lifestyle. But does this popular fitness chain drug test its staff? Many companies in the United States have put into place a drug-free workplace policy, where employees must agree to take and pass a drug test before they can be employed. This policy is aimed at keeping the workplace safe, secure, and free from any kind of drug abuse. After thoroughly researching the company’s policies, it appears that Planet Fitness does not require its staff to take and pass a drug test. This is because the franchise does not maintain an employment agreement with its staff. Instead, each member of the staff is hired as an independent contractor, which means they are not subject to any kind of employment agreement or drug test requirements. At Planet Fitness, every staff member is responsible for upholding the club’s code of conduct and must adhere to all policies and procedures. All staff members are also expected to maintain a professional and respectful attitude towards customers as well as other employees. While Planet Fitness does not require staff members to take drug tests, it does take the safety of its customers very seriously. All employees must complete an extensive background check before they can be hired. This check includes a review of past criminal history as well as other important criteria.
Additionally, all staff are subject to random drug tests to ensure that their environment is safe and free from any form of substance abuse. In conclusion, while Planet Fitness does not drug test its staff members, it does take extensive measures to ensure the safety of its customers and staff. All employees must pass an extensive background check and are subject to random drug tests. As such, customers can rest assured knowing that their safety and well-being is taken seriously at Planet Fitness.
Price History
Tuesday marked a small but notable dip in the stock of PLANET FITNESS. Opening at $72.9 and closing at $73.0, the stock closed the day down by 0.1% from the last closing price of $73.0. In order to answer this question, it is important to examine the facts surrounding the matter. The company does not state explicitly on their website whether they drug test their staff or not.
Additionally, many legal experts suggest that employers are only legally required to conduct drug tests when there is an imminent risk of harm to employees or customers. As such, there is no guarantee that all Planet Fitness locations will require drug testing of their staff. Finally, it is worth noting that many states have laws regarding workplace drug testing, and each case should be evaluated on a case-by-case basis. For example, some states may prohibit employers from randomly drug testing their staff, while other states may allow it. Overall, the answer to the question remains largely unclear. The answer is not easy to ascertain given the lack of clear information from the company and the varying laws from state to state. Ultimately, it is up to individual franchise owners and the laws of their respective states to determine whether their staff must be drug tested or not. 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 Intrinsic Value Calculation
At GoodWhale, we conducted a comprehensive analysis on the wellbeing of PLANET FITNESS. Our proprietary Valuation Line resulted in an intrinsic value of PLANET FITNESS share around $113.0. However, the stock is currently traded at $73.0, which is undervalued by 35.4%. We believe that this provides investors with an attractive value proposition. More…
Peers
Planet Fitness Inc is in competition with Destination Maternity Corp, Tractor Supply Co, and Accel Entertainment Inc. Each company is vying for a share of the market and the customer base. Each company has its own strengths and weaknesses, and each is trying to get an edge over the others.
– Destination Maternity Corp ($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
Investing analysis of Planet Fitness (PLNT) has revealed a promising outlook for the company. Financial indicators like Revenue, Earnings per Share, and Cash Flow have been steadily increasing over the last few years, indicating a period of growth for the company. Investors interested in PLNT should closely watch developments in the company’s key areas such as expansion plans, customer satisfaction, and customer acquisition and retention. In addition, the company’s strong financial position and healthy balance sheet should provide investors with peace of mind.
