Added to YB: 2026-04-09
Pitch date: 2026-04-08
LNF.TO [bullish]
Leon's Furniture Limited
Author Info
No bio for this author
Company Info
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.
Market Cap
CAD 1.8B
Pitch Price
N/A
Price Target
60.00 (+126%)
Dividend
3.66%
EV/EBITDA
5.66
P/E
11.47
EV/Sales
0.73
Sector
Specialty Retail
Category
special_situation
Leon's -- What Looks Interesting
LNF.TO: Canada's largest furniture retailer at 11x fwd earnings w/ hidden real estate value. 5.6M sq ft retail/industrial worth $1B+ at cost. Plans REIT spin (like Canadian Tire/Loblaws at 5-6% cap rates). 40-acre Toronto development (4,000 units, 4.6M sq ft) valued $400M-$1B. Sum-of-parts: C$40-60/share vs C$26 current (65-150% upside). CEO ex-Canadian Tire, led their 2013 REIT formation. No net debt, downside protected.
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