Added to YB: 2024-11-08
Pitch date: 2024-11-06
KITS.TO [neutral]
Kits Eyecare Ltd.
+83.72%
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 435.5M
Pitch Price
CAD 9.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
39.50
P/E
84.92
EV/Sales
2.19
Sector
Specialty Retail
Category
growth
KITS Eyecare ($KITS.TO) FINS Review
KITS.TO (downgrade): Q3 rev +34% to $41.9M, YTD +28.9% to $114.5M. Gross margin down 130bps to 32.9%. FX hit drops net income 73% to $132k. YTD profit $383k vs $1.7M loss. P/E >600 on extrapolated profit. $19.1M cash, 1.45 current ratio. Insiders sold $13M block. Downgraded to 3.25 stars on valuation concerns.
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