Xponential Fitness: Why I Am Buying This Fitness Franchisor At 6.5x EBITDA

Xponential Fitness (XPOF) trades at just 6.5x forward EV/EBITDA, pressured by expensive debt and legal settlements despite strong Club Pilates assets. A strategic review, board changes, and Voss Capital's activism increase the likelihood of a sale or asset monetization within 12 months. DCF analysis suggests XPOF is 56% undervalued, with a conservative $8.00 intrinsic value giving a substantial margin of safety.