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Market Cap

CA$75.8m

Last Updated

2021/04/18 22:20 UTC

Data Sources

Company Financials +

Executive Summary

Kits Eyecare Ltd. operates a digital eyecare platform for eyes in the United States and Canada. More Details


Snowflake Analysis

High growth potential with imperfect balance sheet.


Similar Companies

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.


Market Performance


7 Day Return

-1.8%

KITS

-2.1%

CA Online Retail

0.6%

CA Market


1 Year Return

n/a

KITS

66.5%

CA Online Retail

38.5%

CA Market

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.


Shareholder returns

KITSIndustryMarket
7 Day-1.8%-2.1%0.6%
30 Day-8.4%-7.3%2.0%
90 Dayn/a-24.7%8.5%
1 Yearn/a66.5%66.5%43.2%38.5%
3 Yearn/a85.6%85.3%32.0%19.2%
5 Yearn/a304.0%303.1%57.6%33.4%

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

Valuation

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.


Future Growth

How is Kits Eyecare forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

97.3%

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%).


Past Performance

How has Kits Eyecare performed over the past 5 years?

-12,962.4%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Roger Hardy

2.5yrs

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...


Leadership Team

Experienced Management: KITS's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: KITS's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: KITS only recently listed within the past 12 months.


Top Shareholders

Company Information

Kits Eyecare Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Kits Eyecare Ltd.
  • 510 Seymour Street
  • Suite 1020
  • Vancouver
  • British Columbia
  • V6B 3J5
  • Canada

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/18 22:20
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.