Leatt Corp (LEAT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Leatt Corp $9.74, price $11.78, upside -17.3%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Leatt Corp
LEAT · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $5.49 – $33.90 · fair‑value band $5.63 – $14.40 · the $11.78 price screens above the $9.74 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities in South Africa and internationally. The company offers Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck.
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Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities in South Africa and internationally. The company offers Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck. It also provides helmets for head and brain protection; and body armor products, including chest protectors, full upper body protectors, upper body protection vests, back protectors, knee braces, knee and elbow guards, off-road motorcycle boots, and mountain biking shoes. In addition, the company offers other products, parts, and accessories, such as goggles and hydrations bags, as well as apparel items that comprise suits, jackets, jerseys, pants, shorts, socks, gloves, sunglasses, and bicycle components; and aftermarket support products; toolbelt, duffel, gear, and helmet bags; backpacks, hats, and hydration kits; and casual clothing and caps. Further, it acts as the original equipment manufacturer for personal protective equipment sold by other brands. The company's products are used by riders of motorcycles, bicycles, snowmobiles, and ATVs. It sells its products to customers through a network of distributors and retailers; and directs end consumers through digital channels and online store at leatt.com. The company was formerly known as Treadzone, Inc. and changed its name to Leatt Corporation in May 2005. Leatt Corporation was founded in 2001 and is headquartered in Durbanville, South Africa.
Stock analysis
Leatt Corp (LEAT) currently trades at $11.78, while our model-based Fair Value estimate is $9.74, implying the stock looks roughly 20.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $11.31 per share, and 5 of the 24 models we run sit above the $11.78 price.
Bear case: the Growth DCF group reads lowest at $3.85, and 19 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $5.63 (bear) to $14.40 (bull), the price of $11.78 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Leatt Corp reported revenue of $61.9M in FY2025 versus $72.5M in FY2021, a compound −3.9%/yr. Reported net income was $3.3M in FY2025, compounding −28.6%/yr from FY2021.
Key figures
Market cap $73.4M · P/E ratio 19.3 · P/S ratio 1.02 · EPS (TTM) $0.6100 · Net margin 5.3% · Return on equity 9.4% · Return on assets (EBIT) 12.8% · Operating margin 11.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 38% fair-value upside, at −17%, LEAT screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 51
Revenue & earnings trend
Growth Forecast
LEAT screens 21% overvalued. Compare with ANTA Sports Products Limited →
Compare Leatt Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Leisure · 189 stocks
Valuation Multiplesvs Leisure median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Leisure stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ANTA Sports Products Limited 2020 | HK$71.80 | HK$166.82 | +132% |
| Pop Mart International Group 9992 | HK$153.50 | HK$211.79 | +38% |
| Amer Sports, Inc AS | $27.65 | $19.17 | −31% |
| Hasbro, Inc HAS | $86.91 | $85.71 | −1% |
| Life Time Group LTH | $38.19 | $15.61 | −59% |
| Acushnet Holdings GOLF | $83.20 | $42.95 | −48% |
| Ninebot Limited 689009 | ¥37.48 | ¥108.20 | +189% |
| Li Ning Company 2331 | HK$12.38 | HK$29.57 | +139% |
| Benefit Systems S.A BFT | 5,070 PLN | 5,577 PLN | +10% |
| Mattel, Inc MAT | $13.21 | $21.24 | +61% |
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Key figures of Leatt Corp
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