Added to YB: 2026-06-05
Pitch date: 2026-06-03
TLF [bullish]
Tandy Leather Factory, Inc.
-0.42%
current return
Author Info
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Company Info
Tandy Leather Factory, Inc., together with its subsidiaries, retails leather and leathercraft-related items in the United States, Canada, and Spain.
Market Cap
$19.2M
Pitch Price
$2.40
Price Target
4.72 (+100%)
Dividend
N/A
EV/EBITDA
8.59
P/E
-8.46
EV/Sales
0.48
Sector
Specialty Retail
Category
value
Tandy Leather Factory (TLF) – A Niche Category Leader at 0.25x Cash-Adjusted TB
TLF: US leathercraft retailer, 100 stores. Trades 0.43x TB, 0.25x cash-adj TB; net cash $10.1m ($1.24/sh) vs $20m mcap, EV ~$10m. Flat sales (10y CAGR -0.7%), thin 2.2% avg EBIT margin, 2025 op loss. Bandera (Gramm) owns 35%. 2025 HQ sale freed $24.9m. Normalization to 8% EBITDA = $4.72/sh by 2028 (102% upside, 26% CAGR), but cheap on 40% of days since 2012—needs op turnaround.
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