Professional
Added to YB: 2025-05-06
Pitch date: 2025-05-02
KITS.TO [bullish]
Kits Eyecare Ltd.
+48.1%
current return
Author Info
No bio for this author
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 11.58
Price Target
35.00 (+99%)
Dividend
N/A
EV/EBITDA
39.50
P/E
84.92
EV/Sales
2.19
Sector
Specialty Retail
Category
growth
Greystone Capital Management New Position: Kits Eyecare Ltd.
KITS.TO (new position): E-commerce optical retailer with 30-35% organic growth, 70% repeat customers. Low-cost model: in-house manufacturing cuts middlemen, delivers glasses in 30m vs industry 1-2wk wait. Contacts first strategy = recurring revenue + 40% glasses growth. Inflection point: FY25 EBITDA 6-8% margin. Trading 1.5x sales, 22x FY25 EBITDA. CEO sold similar biz to Essilor for $430M in 2014.
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