Added to YB: 2026-03-11
Pitch date: 2026-03-09
KITS.TO [neutral]
Kits Eyecare Ltd.
-0.2%
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 526.8M
Pitch Price
CAD 15.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
47.81
P/E
172.22
EV/Sales
2.51
Sector
Specialty Retail
Category
value
KITS Eyecare ($KITS.TO) FINS Review
KITS.TO (earnings): Q4 rev $202.5M (+27% YoY), gross margin up 200bps to 35.6%, but net income flat at $3.1M due to marketing spend surge (+38%) & $4.5M forex headwind. Active customers >1M (+16%). Major red flag: mgmt secretly invested $5M in Bitcoin ETF (buried in finance costs), now down 41% (~$2M loss), risking half of OCF. Valuation steep at 175x P/E, 45x EV/EBITDA despite slowing growth. Loss of mgmt trust.
Read full article (6 min)