Added to YB: 2025-08-11
Pitch date: 2025-08-11
KITS.TO [bullish]
Kits Eyecare Ltd.
-6.08%
current return
Author Info
No bio for this author
Company Info
Kits Eyecare Ltd. operates a digital eyecare platform in the United States and Canada. It offers progressive, polarized, and contact lenses, eyeglasses, and frames under the KITS brand, as well as distributes eyewear products of various brands.
Market Cap
CAD 502.7M
Pitch Price
CAD 16.13
Price Target
23.00 (+52%)
Dividend
N/A
EV/EBITDA
45.54
P/E
164.34
EV/Sales
2.39
Sector
Specialty Retail
Category
growth
A Double Hiding North of the Border
KITS.TO: Kits Eyewear’s vertically integrated, primarily online model offers low-cost contacts and glasses while supporting 11 straight quarters of greater than 20% revenue growth and improving adjusted EBITDA. A base case of more than CAD $450M revenue and ~10% margins by 2028 yields a $23 target, or 42% upside, with 73% in the bull case. Economies of scale offer further upside, though the valuation is not cheap and liquidity is thin.
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