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Leatt Corp LEAT

OTC · stock · Motorcycles, Bicycles & Parts · website · IPO 2005-08-10

Leatt Corp statistics & valuation

P / E22.9×
P / S1.2×
P / B1.8×
Net margin5.3%
Net cash$13.0M
Net debt / EBITDA-2.4×
Enterprise value USD$61.6M
EV / EBITDA11.6×
Earnings yield EBIT/EV6.5%
Return on capital9.5%
Graham number -27.8%$8.67

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-2.80% 1.20% 4.90% 4.90% 11.50% 17.30% 13.00% 1.70% -5.00% 5.30% 2016201720182019202020212022202320242025
Gross margin (%)
50.20% 47.00% 47.40% 45.90% 45.00% 43.40% 40.80% 41.90% 40.20% 44.00% 2016201720182019202020212022202320242025
Operating margin (%)
-4.50% 1.10% 6.10% 7.00% 15.10% 22.90% 17.10% 3.00% -6.80% 6.50% 2016201720182019202020212022202320242025
Return on equity (%)
-6.30% 3.00% 13.20% 12.80% 28.80% 43.90% 25.10% 2.00% -5.80% 7.70% 2016201720182019202020212022202320242025
Shares outstanding
5.4M 5.5M 5.5M 5.5M 6.0M 6.1M 6.1M 6.3M 6.5M 6.4M 2016201720182019202020212022202320242025
Net debt ($)
-$4.7M -$6.9M -$11.2M -$12.3M -$13.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-4.20% 1.90% 9.40% 7.60% 16.90% 25.60% 19.20% 1.70% -4.70% 6.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.01× 0.01× 0.00× 0.00× 0.00× 2016201720182019202020212022202320242025
EPS ($)
-$0.08 $0.04 $0.22 $0.25 $0.74 $2.07 $1.62 $0.13 -$0.34 $0.51 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Leatt Corp trades at about 23.5× earnings — above its 10-year norm (10-year range 10.2×–69.2×, median 17.5×).

10.2× 69.2×

Shaded band = 10-year range (10.2×–69.2×); dot = today's 23.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin44.0%40.2%41.9%40.8%43.4%45.0%45.9%47.4%47.0%50.2%
Operating margin6.5%-6.8%3.0%17.1%22.9%15.1%7.0%6.1%1.1%-4.5%
Net margin5.3%-5.0%1.7%13.0%17.3%11.5%4.9%4.9%1.2%-2.8%
Return on assets6.3%-4.7%1.7%19.2%25.6%16.9%7.6%9.4%1.9%-4.2%
Return on equity7.7%-5.8%2.0%25.1%43.9%28.8%12.8%13.2%3.0%-6.3%
Debt / equity0.00×0.00×0.00×0.01×0.01×—————
Current ratio4.875.206.274.252.382.162.163.022.142.65

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.