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Leatt Corp (LEAT) stock analysis

LEATOTCMotorcycles, Bicycles & PartsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026Score 10/30
$11.00+0.10 (+0.92%)

Close on Oct 19, 2026Market cap $71.03MP/E 13.4Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth3Performance3Health4Dividend0

Mixed10 of 30 checks passed

Leatt passes 10 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
3/6
Past performance
3/6
Financial health
4/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 13.3%, above the 10% that usually covers the cost of capital.

  • Low debt

    Debt is 0.5% of shareholders' equity, under the 40% we consider low.

  • Earnings growth accelerating

    Net income grew 90.9% over the last twelve months, against a 5-year average of -5.9% a year.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 2287% of total debt.

What to watch

  • Return on equity under 15%

    Return on equity was 8.6% over the last twelve months and averaged 18.2% over five years; we look for 15% on both.

  • Earnings shrank over 5 years

    Net income shrank 5.9% a year on average over the last five fiscal years.

  • Revenue growing under 10% a year

    Revenue grew -6.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -32.0% a year over the last three fiscal years.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth3/6

  • Revenue growing under 10% a year

    Revenue grew -6.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -32.0% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 90.9% over the last twelve months, against a 5-year average of -5.9% a year.

  • Growing faster than the industry

    Revenue grew 20.7% over the last twelve months; the Transportation Equipment median is 9.5%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 44.7% over the last twelve months, against 42.6% a year earlier.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 8.6% over the last twelve months and averaged 18.2% over five years; we look for 15% on both.

  • Return on capital over 10%

    Return on invested capital was 13.3%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Leatt's return on equity of 8.6% is above the Transportation Equipment median of 2.7%.

  • Earnings shrank over 5 years

    Net income shrank 5.9% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 5.6% over the last twelve months, against a 5-year average of 6.5%.

  • Net margin above the industry

    Leatt's net margin of 5.6% is above the Transportation Equipment median of 1.9%.

Financial health4/6

  • Low debt

    Debt is 0.5% of shareholders' equity, under the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 4.4% five years ago to 0.5%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 2287% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 7.37 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    Leatt has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Leatt. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 17.7
  • Transportation Equipment median 20.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

44.0%−1.1 pts over 5 years

Operating margin

6.5%−8.6 pts over 5 years

Net margin

5.3%−6.2 pts over 5 years

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