Kits Eyecare Ltd. operates a digital eyecare platform for eyes in the United States and Canada. More Details
High growth potential with imperfect balance sheet.
Share Price & News
How has Kits Eyecare's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KITS is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: Insufficient data to determine KITS's volatility change over the past year.
7 Day Return
CA Online Retail
1 Year Return
CA Online Retail
Return vs Industry: Insufficient data to determine how KITS performed against the Canadian Online Retail industry.
Return vs Market: Insufficient data to determine how KITS performed against the Canadian Market.
Long-Term Price Volatility Vs. Market
How volatile is Kits Eyecare's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Kits Eyecare undervalued compared to its fair value and its price relative to the market?
Share Price vs. Fair Value
Below Fair Value: KITS (CA$8.24) is trading above our estimate of fair value (CA$2.82)
Significantly Below Fair Value: KITS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KITS is unprofitable, so we can't compare its PE Ratio to the XN Online Retail industry average.
PE vs Market: KITS is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KITS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KITS has negative assets, so we can't compare its PB Ratio to the CA Online Retail industry average.
How is Kits Eyecare forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KITS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: KITS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: KITS's is expected to become profitable in the next 3 years.
Revenue vs Market: KITS's revenue (31.9% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: KITS's revenue (31.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KITS's Return on Equity is forecast to be low in 3 years time (13%).
How has Kits Eyecare performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: KITS is currently unprofitable.
Growing Profit Margin: KITS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if KITS's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare KITS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KITS is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (66.3%).
Return on Equity
High ROE: KITS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Kits Eyecare's financial position?
Financial Position Analysis
Short Term Liabilities: KITS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: KITS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: KITS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: KITS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable KITS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KITS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.3% per year.
What is Kits Eyecare current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KITS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KITS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KITS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KITS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KITS's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Roger V. Hardy is Co-Founder and Chief Executive Officer at Kits Eyecare Ltd. since October 19, 2018 and also serves as its Chairman of the Board since 2018. He is intensely involved in every aspect of...
Experienced Management: KITS's management team is considered experienced (2.5 years average tenure).
Experienced Board: KITS's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KITS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: KITS only recently listed within the past 12 months.
Kits Eyecare Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Kits Eyecare Ltd.
- Ticker: KITS
- Exchange: TSX
- Founded: 2018
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: CA$75.808m
- Shares outstanding: 31.00m
- Website: https://www.kits.com
Number of Employees
- Kits Eyecare Ltd.
- 510 Seymour Street
- Suite 1020
- British Columbia
- V6B 3J5
Kits Eyecare Ltd. operates a digital eyecare platform for eyes in the United States and Canada. The company provides contact lenses, eyeglasses, and frames; and online eyewear fitting, virtual try-on, pupi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/18 22:20|
|End of Day Share Price||2021/04/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.