Added to YB: 2026-05-15
Pitch date: 2026-05-13
LEAT [bullish]
Leatt Corporation
Author Info
Guasty Winds is a former L/S hedge fund analyst turned full-time private investor. 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
$72.7M
Pitch Price
N/A
Price Target
40.00 (+243%)
Dividend
N/A
EV/EBITDA
7.47
P/E
19.12
EV/Sales
0.86
Sector
Leisure Products
Category
turnaround
Leatt Corp. (LEAT-US)
LEAT: MOTO/MTB gear maker recovered from post-covid trough. New ADV line 0→20% rev in 18mo, fastest-ever product launch. FY25 rev ~$62M (+40% YoY), gross margin rebounding to mid-40s. Brand strength intact per retailer checks & Racer X survey share gains. At $80M rev, could hit $1.75 EPS vs $9 stock ($2/sh cash) = 4x ex-cash P/E. Upside to $20-40 on cyclical recovery + ADV momentum. Small position due to OTC illiquidity.
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