A Business at a Glance
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PART I Business Overview Leatt designs, develops, markets and distributes personal protective equipment for participants in all forms of motor sports and leisure activities, including riders of motorcycles, bicycles, snowmobiles and ATVs. The Company sells its products to customers worldwide through a global network of distributors, retailers, and direct to end consumers through digital channels. Leatt also acts as the original equipment manufacturer for personal protective equipment sold by other international brands. The Company's flagship products are based on the Leatt-Brace® system, a patented injection molded neck protection system owned by Xceed Holdings, designed to prevent potentially devastating injuries to the cervical spine and neck.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 57M | 44M | 47M | 76M | 72M | 39M |
| Net Income | 2.4M | -2.2M | 803K | 10.0M | 13M | 4.4M |
| EPS | $0.36 | $-0.34 | $0.13 | $1.62 | $2.07 | $0.74 |
| Free Cash Flow | 123K | 1.6M | 4.7M | 1.9M | 1.6M | 870K |
| ROIC | 11.8% | -5.8% | 4.4% | 37.2% | 63.4% | 42.2% |
| Gross Margin | 43.0% | 40.2% | 41.9% | 40.8% | 43.4% | 45.0% |
| Debt/Equity | 0.00 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 2.4M | -3.0M | 1.4M | 13M | 17M | 5.8M |
| Operating Margin | 4.2% | -6.8% | 3.0% | 17.1% | 22.9% | 15.1% |
| ROE | 5.7% | -5.6% | 2.0% | 25.1% | 43.9% | 28.8% |
| Shares Outstanding | 6M | 6M | 6M | 6M | 6M | 6M |
Leatt Corp passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 38.4x vs a median of 50.2x. The company's 5-year average ROIC is 28.3% with a gross margin of 42.3%. At current prices, the estimated annualized return to fair value is +63.4%.
Leatt Corp (LEAT) has a 5-year average return on invested capital (ROIC) of 28.3%. This indicates strong capital allocation and a potential competitive advantage.
Leatt Corp (LEAT) has a market capitalization of $57M. It is classified as a small-cap stock.
Leatt Corp (LEAT) does not currently pay a regular dividend.
Leatt Corp (LEAT) operates in the Motorcycles, Bicycles & Parts industry, within the Industrials sector.
Leatt Corp (LEAT) reported annual revenue of $44 million in its most recent fiscal year, based on SEC EDGAR filings.
Leatt Corp (LEAT) has a net profit margin of -5.0%. The company is currently unprofitable.
Leatt Corp (LEAT) generated $2 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Leatt Corp (LEAT) has a debt-to-equity ratio of 0.02. This indicates a conservatively financed balance sheet.
Leatt Corp (LEAT) reported earnings per share (EPS) of $-0.34 in its most recent fiscal year.
Leatt Corp (LEAT) has a return on equity (ROE) of -5.6%. A negative ROE may indicate losses or negative equity.
Leatt Corp (LEAT) has a 5-year average gross margin of 42.3%. This indicates decent pricing power.
The Ledger Terminal provides 14 years of financial data for Leatt Corp (LEAT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Leatt Corp (LEAT) has a book value per share of $5.90, based on its most recent annual SEC filing.