Added to YB: 2025-05-20
Pitch date: 2025-05-20
LEAT [bullish]
Leatt Corporation
+61.19%
current return
Author Info
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
$81.7M
Pitch Price
$8.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.56
P/E
21.47
EV/Sales
0.99
Sector
Leisure Products
Category
growth
Two Q1 Outperformers I've Added to the Portfolio (#1)
LEAT (added to position): Protective gear maker (MTB/motocross/ADV) fell from $33 to $5 after mgmt kept SG&A high through post-COVID destocking. Q1 rev +45%, helmet sales +101%, $0.17 EPS = 12x PE (6.6x EV/EBIT ex $12.6M net cash). ADV category (20% rev, $3B+ TAM) drives growth; huge op leverage—$70-80M rev = $8.4M EBIT vs $37M EV. Risk: China tariffs (20% rev in US), diversifying supply chain.
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