Added to YB: 2026-06-08
Pitch date: 2026-06-04
LEAT [bullish]
Leatt Corporation
-0.13%
current return
Author Info
The Micro-Capo is a blog where I share news and articles on companies I like or own. Sign up for the newsletter.
Company Info
Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities in South Africa and internationally.
Market Cap
$78.2M
Pitch Price
$12.57
Price Target
33.50 (+167%)
Dividend
N/A
EV/EBITDA
8.12
P/E
20.56
EV/Sales
0.94
Sector
Leisure Products
Category
growth
Monthly Report - New Position: Leatt Corporation
LEAT (new position): Off-road protective gear maker (neck brace inventor), entry $12.14, ~6% wt. Grew 41% in 2025 = mkt share gain as Dainese collapsed post-COVID destocking. Q1'26 rev $19.51M (+27%), 6th straight dbl-digit qtr, NI +58%, DTC +49%. Op leverage to $70-80M rev w/o opex hike (7% margins vs 20% peak). 2027 EPS $1.32 base/+120%, $1.66 bull/+176%. Risk: founder 80% voting control, China tariff exposure, reverse leverage if no recovery.
Read full article (2 min)