Stock fact sheet · data as of
Leatt Corporation (LEAT): fair value, margin of safety and Wheel Score
Consumer Cyclical · Leisure · South Africa · Value
Is LEAT undervalued?
Leatt Corporation (LEAT) closed at 10.43 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 12.01, so the price sits 13% below it. 2 of the 8 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
The 8 models disagree widely: GLS Growth gives 1.73 while 10 Cap gives 31.72. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files LEAT under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for LEAT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 8.68 | -17% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.82 | -6% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 9.54 | -9% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.37 | -77% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.73 | -83% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 31.72 | +204% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 25.65 | +146% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 6.57 | -37% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 6.08 | -42% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - LEAT passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.0 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 7.5%, ROE 7.7%, ROA 6.3% - with debt at 0.03 times equity and a free-cash-flow yield of 12.9%.
Leatt Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from International Distributor Revenues 61%, Dealer Direct Revenues 33%, Consumer And Athlete Direct Revenues 6% (fiscal year FY2020).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 7.5% |
|---|---|---|---|
| GLS Moat | 3.0 / 10 | ROE | 7.7% |
| Debt / equity | 0.03 | ROA | 6.3% |
| Free-cash-flow yield | 12.9% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
LEAT has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 6k shares a day on a market cap of $65M, with a beta of 0.78 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 18 / 25 | 13% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 5 / 15 | moat 3.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 6k shares/day, $65M cap, beta 0.78 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026, 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Leisure
The 12 companies below are the closest to Leatt Corporation by market cap within the Leisure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| HERE Here Group Limited | 1.63 | 7.76 | +79% | 39No options | $62M |
| KBSX FST Corp. | 1.31 | 3.21 | +59% | 39No options | $59M |
| CLAR Clarus Corporation | 3.50 | 1.47 | -138% | 36Weak | $134M |
| PRKA Parks! America, Inc. | 40.99 | 65.19 | +37% | 39No options | $31M |
| NOMA Nomadar Corp. | 1.60 | - | - | 33No options | $24M |
| KMRK K-Tech Solutions Company Limited | 1.40 | 0.2452 | -471% | 4No options | $23M |
| XPOF Xponential Fitness, Inc. | 4.77 | - | - | 43Weak | $201M |
| AOUT American Outdoor Brands, Inc. | 17.76 | 32.60 | +46% | 45Weak | $224M |
| PLAY Dave & Buster's Entertainment, Inc. | 7.15 | 131.44 | +95% | 45Weak | $249M |
| SNHO Shonghoya Intl Group Inc. | 0.3975 | 4.66 | +91% | 39No options | $16M |
| ESCA Escalade, Incorporated | 18.70 | 23.33 | +20% | 66Good | $257M |
| JAKK JAKKS Pacific, Inc. | 29.04 | 38.34 | +24% | 62Fair | $332M |
⚖ Compare LEAT with 7 of them All Consumer Cyclical stocks →
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Start free See the Sunday ScanQuestions about LEAT
Is LEAT undervalued right now?
By the GLS models, moderately: at 10.43 the stock trades 13% below the average fair value of 12.01 (data as of 16 Oct 2026).
What is the Wheel Score of LEAT and what does it mean?
LEAT has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for LEAT?
12.01 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Leatt Corporation report earnings next?
The next earnings report is due on 5 Nov 2026, 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does LEAT have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on LEAT, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.