Added to YB: 2026-06-26
Pitch date: 2026-06-25
LEAT [bullish]
Leatt Corporation
Author Info
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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
$75.3M
Pitch Price
N/A
Price Target
17.00 (+42%)
Dividend
N/A
EV/EBITDA
7.73
P/E
19.79
EV/Sales
0.89
Sector
Leisure Products
Category
turnaround
Leatt Corporation (LEAT) — Investment Thesis
LEAT: Multi-brand head-to-toe MTB/moto protection co. 2025 rev $61.9M (+41% YoY), NI $3.3M vs -$2.2M loss, $13.2M cash/no debt. Helmets +58% YoY ($13.3M, 25% CAGR), D2C 3%→8%. At ~$12 (8.4x 2026E EV/EBITDA, 16x P/E), 35-40% upside to $16-17 by 2027. Risk: neck brace patent cliff compresses margins to ~9-10%.
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