Professional
Added to YB: 2026-01-30
Pitch date: 2026-01-23
KITS.TO [bullish]
Kits Eyecare Ltd.
-9.38%
current return
Author Info
Pound the Rock Investing, written by Adam Wilk, the founder and CIO of Greystone Capital Management, will serve as an ongoing discussion about business, investing and things I find interesting. Sign up for the newsletter.
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 641.8M
Pitch Price
CAD 20.36
Price Target
45.00 (+144%)
Dividend
N/A
EV/EBITDA
58.76
P/E
125.15
EV/Sales
3.25
Sector
Specialty Retail
Category
growth
Greystone Capital Portfolio Holding: Kits Eyecare Ltd.
KITS.TO (holding update): Founder-led e-commerce eyecare w/ vertically integrated D2C model. 25-30% revenue growth, strong CAC/LTV ratio, high-quality glasses <$60 vs competitors' $150-$300. In-house manufacturing enables quality control & inventory efficiency. Non-discretionary repeat business insulated from disruption. Early in margin inflection as fixed costs leverage. Intrinsic value CAD $35-45/share.
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