Planet Fitness Stock Net Asset
| PLNT Stock | USD 63.64 2.40 3.92% |
Planet Fitness fundamentals help investors to digest information that contributes to Planet Fitness' financial success or failures. It also enables traders to predict the movement of Planet Stock. The fundamental analysis module provides a way to measure Planet Fitness' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Planet Fitness stock.
Planet | Net Asset |
Planet Fitness Company Net Asset Analysis
Planet Fitness' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Planet Fitness Net Asset | 2.97 B |
Most of Planet Fitness' fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Planet Fitness is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Planet Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Planet Fitness is extremely important. It helps to project a fair market value of Planet Stock properly, considering its historical fundamentals such as Net Asset. Since Planet Fitness' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Planet Fitness' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Planet Fitness' interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Planet Total Assets
Total Assets |
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Based on the recorded statements, Planet Fitness has a Net Asset of 2.97 B. This is much higher than that of the Hotels, Restaurants & Leisure sector and significantly higher than that of the Consumer Discretionary industry. The net asset for all United States stocks is notably lower than that of the firm.
Planet Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Planet Fitness' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Planet Fitness could also be used in its relative valuation, which is a method of valuing Planet Fitness by comparing valuation metrics of similar companies.Planet Fitness is currently under evaluation in net asset category among related companies.
Planet Fitness Current Valuation Drivers
We derive many important indicators used in calculating different scores of Planet Fitness from analyzing Planet Fitness' financial statements. These drivers represent accounts that assess Planet Fitness' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Planet Fitness' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 6.2B | 6.2B | 7.5B | 6.6B | 6.0B | 3.7B | |
| Enterprise Value | 7.6B | 7.7B | 9.0B | 8.6B | 7.7B | 5.3B |
Planet Fitness ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Planet Fitness' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Planet Fitness' managers, analysts, and investors.Environmental | Governance | Social |
Planet Fitness Institutional Holders
Institutional Holdings refers to the ownership stake in Planet Fitness that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Planet Fitness' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Planet Fitness' value.| Shares | Samlyn Capital, Llc | 2024-03-31 | 2 M | Franklin Resources Inc | 2023-12-31 | 1.9 M | T. Rowe Price Associates, Inc. | 2024-03-31 | 1.9 M | Balyasny Asset Management Llc | 2024-03-31 | 1.4 M | Steadfast Capital Management Llc | 2024-03-31 | 1.4 M | Geode Capital Management, Llc | 2024-03-31 | 1.4 M | Bamco Inc | 2024-03-31 | 1.3 M | Goldman Sachs Group Inc | 2023-12-31 | 1.3 M | Van Berkom And Associates Inc | 2024-03-31 | 1.2 M | Blackrock Inc | 2024-03-31 | 11.4 M | Vanguard Group Inc | 2024-03-31 | 8.2 M |
Planet Fundamentals
| Return On Asset | 0.0633 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 7.57 B | ||||
| Shares Outstanding | 87.53 M | ||||
| Shares Owned By Insiders | 0.32 % | ||||
| Shares Owned By Institutions | 99.68 % | ||||
| Number Of Shares Shorted | 7.35 M | ||||
| Price To Earning | 85.60 X | ||||
| Price To Sales | 5.04 X | ||||
| Revenue | 1.07 B | ||||
| Gross Profit | 482.07 M | ||||
| EBITDA | 422.28 M | ||||
| Net Income | 138.31 M | ||||
| Cash And Equivalents | 383.51 M | ||||
| Cash Per Share | 4.55 X | ||||
| Total Debt | 2.4 B | ||||
| Debt To Equity | (45.53) % | ||||
| Current Ratio | 1.99 X | ||||
| Book Value Per Share | (1.11) X | ||||
| Cash Flow From Operations | 330.25 M | ||||
| Short Ratio | 3.57 X | ||||
| Earnings Per Share | 1.74 X | ||||
| Price To Earnings To Growth | 1.69 X | ||||
| Target Price | 76.31 | ||||
| Number Of Employees | 3.8 K | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 5.61 B | ||||
| Total Asset | 2.97 B | ||||
| Retained Earnings | (691.46 M) | ||||
| Working Capital | 220.49 M | ||||
| Current Asset | 72.94 M | ||||
| Current Liabilities | 66.25 M | ||||
| Net Asset | 2.97 B |
About Planet Fitness Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Planet Fitness's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Planet Fitness using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Planet Fitness based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Planet Fitness
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Planet Fitness position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Planet Fitness will appreciate offsetting losses from the drop in the long position's value.Moving against Planet Stock
| 0.43 | ACEL | Accel Entertainment | PairCorr |
The ability to find closely correlated positions to Planet Fitness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Planet Fitness when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Planet Fitness - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Planet Fitness to buy it.
The correlation of Planet Fitness is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Planet Fitness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Fitness moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Planet Fitness can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Planet Fitness Piotroski F Score and Planet Fitness Altman Z Score analysis. For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Planet Stock analysis
When running Planet Fitness' price analysis, check to measure Planet Fitness' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Planet Fitness is operating at the current time. Most of Planet Fitness' value examination focuses on studying past and present price action to predict the probability of Planet Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Fitness' price. Additionally, you may evaluate how the addition of Planet Fitness to your portfolios can decrease your overall portfolio volatility.
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Is Planet Fitness' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Planet Fitness. If investors know Planet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Planet Fitness listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.45 | Earnings Share 1.74 | Revenue Per Share 12.795 | Quarterly Revenue Growth 0.111 | Return On Assets 0.0633 |
The market value of Planet Fitness is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Fitness' value that differs from its market value or its book value, called intrinsic value, which is Planet Fitness' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Planet Fitness' market value can be influenced by many factors that don't directly affect Planet Fitness' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Planet Fitness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Fitness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Fitness' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.