Added to YB: 2024-08-12
Pitch date: 2024-08-09
KITS.TO [bullish]
Kits Eyecare Ltd.
+70.65%
current return
Author Info
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Company Info
Kits Eyecare Ltd. operates a digital eyecare platform in the United States and Canada. It manufactures progressive and contact lenses, eyeglasses, and frames under the KITS brand, as well as distributes eyewear products of various brands.
Market Cap
CAD 435.5M
Pitch Price
CAD 10.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
39.50
P/E
84.92
EV/Sales
2.19
Sector
Specialty Retail
Category
growth
KITS Eyecare $KITS.TO FINS Review
KITS.TO: Eyewear co. w/ 26% YoY rev growth to $72.6M H1, 32.8% GM. $476k H1 net income, up $3M YoY. $19.3M cash, 1.48 current ratio. $7M H1 OCF. 80% insider/tute owned. 2x P/S, $300M mkt cap. Strong growth but valuation stretched at current profitability. FX gains boosted profits. Active customer base growing.
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