Added to YB: 2025-07-01
Pitch date: 2025-06-27
KITS.TO [bullish]
Kits Eyecare Ltd.
+21.88%
current return
Author Info
Pound the Rock Investing, written by Adam Wilk, the founder and CIO of Greystone Capital Management, will serve as an ongoing discussion about business, investing and things I find interesting. Sign up for the newsletter.
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 14.44
Price Target
30.50 (+73%)
Dividend
N/A
EV/EBITDA
39.50
P/E
84.92
EV/Sales
2.19
Sector
Specialty Retail
Category
growth
KITS Eyecare - $KITS.TO
KITS.TO: Vertically integrated e-commerce eyecare player with 9 straight qtrs of 30%+ growth. Near $150M rev run-rate, profitable & CF positive. 70% rev from 1M repeat customers. Glasses segment growing 40-50% YoY driving GM expansion. Path to $500M rev with 10-15% EBITDA margins in 5yrs. Current 2x sales/26x FY25 EBITDA. Competitive moat via $69 avg pricing vs $350 industry.
Read full article (13 min)