Kits Eyecare Ltd (KITS) - Net Assets
Based on the latest financial reports, Kits Eyecare Ltd (KITS) has net assets worth CA$69.91 Million CAD (≈ $50.57 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$107.53 Million ≈ $77.79 Million USD) and total liabilities (CA$37.62 Million ≈ $27.22 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check KITS capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$69.91 Million |
| % of Total Assets | 65.01% |
| Annual Growth Rate | 68.24% |
| 5-Year Change | 13.74% |
| 10-Year Change | N/A |
| Growth Volatility | 114.34 |
Kits Eyecare Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Kits Eyecare Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Kits Eyecare Ltd worth.
Annual Net Assets for Kits Eyecare Ltd (2017–2025)
The table below shows the annual net assets of Kits Eyecare Ltd from 2017 to 2025. Also explore Kits Eyecare Ltd (KITS) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$62.31 Million ≈ $45.08 Million |
+7.64% |
| 2024-12-31 | CA$57.89 Million ≈ $41.88 Million |
+12.53% |
| 2023-12-31 | CA$51.45 Million ≈ $37.22 Million |
-4.21% |
| 2022-12-31 | CA$53.71 Million ≈ $38.85 Million |
-1.96% |
| 2021-12-31 | CA$54.78 Million ≈ $39.63 Million |
+9661.08% |
| 2020-12-31 | CA$-573.00K ≈ $-414.50K |
-109.23% |
| 2019-12-31 | CA$6.21 Million ≈ $4.49 Million |
+291.48% |
| 2018-12-31 | CA$1.58 Million ≈ $1.15 Million |
+63.23% |
| 2017-12-31 | CA$971.00K ≈ $702.41K |
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Equity Component Analysis
This analysis shows how different components contribute to Kits Eyecare Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1961.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$81.77 Million | 131.23% |
| Other Comprehensive Income | CA$-216.00K | -0.35% |
| Other Components | CA$2.45 Million | 3.93% |
| Total Equity | CA$62.31 Million | 100.00% |
Kits Eyecare Ltd Competitors by Market Cap
The table below lists competitors of Kits Eyecare Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vigil Neuroscience Inc
NASDAQ:VIGL
|
$375.71 Million |
|
Beijing Capital International Airport Company Limited
F:BJ1
|
$375.72 Million |
|
Tsogo Sun
JSE:TSG
|
$375.77 Million |
|
Wenfeng Great World Chain Development Corp
SHG:601010
|
$375.83 Million |
|
BioAge Labs, Inc
NASDAQ:BIOA
|
$375.44 Million |
|
Hangzhou Zongheng Commun
SHG:603602
|
$375.30 Million |
|
Bleichroeder Acquisition Corp. II Class A Ordinary Shares
NASDAQ:BBCQ
|
$375.28 Million |
|
Norwood Financial Corp
NASDAQ:NWFL
|
$375.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kits Eyecare Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,890,000 to 62,314,000, a change of 4,424,000 (7.6%).
- Net income of 3,110,000 contributed positively to equity growth.
- Share repurchases of 1,842,000 reduced equity.
- Other comprehensive income decreased equity by 1,615,000.
- Other factors increased equity by 4,771,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$3.11 Million | +4.99% |
| Share Repurchases | CA$1.84 Million | -2.96% |
| Other Comprehensive Income | CA$-1.61 Million | -2.59% |
| Other Changes | CA$4.77 Million | +7.66% |
| Total Change | CA$- | 7.64% |
Book Value vs Market Value Analysis
This analysis compares Kits Eyecare Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 487.51x to 8.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.03 | CA$15.27 | x |
| 2018-12-31 | CA$0.05 | CA$15.27 | x |
| 2019-12-31 | CA$0.96 | CA$15.27 | x |
| 2020-12-31 | CA$-0.02 | CA$15.27 | x |
| 2021-12-31 | CA$1.76 | CA$15.27 | x |
| 2022-12-31 | CA$1.72 | CA$15.27 | x |
| 2023-12-31 | CA$1.64 | CA$15.27 | x |
| 2024-12-31 | CA$1.72 | CA$15.27 | x |
| 2025-12-31 | CA$1.84 | CA$15.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kits Eyecare Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.54%
- • Asset Turnover: 1.79x
- • Equity Multiplier: 1.81x
- Recent ROE (4.99%) is below the historical average (89.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 551.60% | 12.47% | 7.03x | 6.29x | CA$5.26 Million |
| 2018 | 280.38% | 9.33% | 7.94x | 3.78x | CA$4.29 Million |
| 2019 | 0.85% | 0.14% | 0.69x | 8.60x | CA$-567.50K |
| 2020 | 0.00% | -8.75% | 1.38x | 0.00x | CA$-6.53 Million |
| 2021 | -26.68% | -17.74% | 0.91x | 1.66x | CA$-20.10 Million |
| 2022 | -8.48% | -4.97% | 0.98x | 1.75x | CA$-9.92 Million |
| 2023 | -4.31% | -1.84% | 1.38x | 1.70x | CA$-7.36 Million |
| 2024 | 5.38% | 1.96% | 1.55x | 1.78x | CA$-2.67 Million |
| 2025 | 4.99% | 1.54% | 1.79x | 1.81x | CA$-3.12 Million |
Industry Comparison
This section compares Kits Eyecare Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $1,826,005,997
- Average return on equity (ROE) among peers: 22.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kits Eyecare Ltd (KITS) | CA$69.91 Million | 551.60% | 0.54x | $375.46 Million |
| Alimentation Couchen Tard Inc A (ATD) | $6.01 Billion | 20.12% | 1.36x | $52.92 Billion |
| Advent Wireless Inc (AWI) | $17.72 Million | 7.92% | 0.19x | $6.22 Million |
| Canadian Tire Corporation Limited (CTC) | $6.81 Billion | 8.49% | 2.16x | $520.05 Million |
| Canadian Tire Corporation Limited (CTC-A) | $1.30 Billion | 0.00% | 1.00x | $6.63 Billion |
| BMTC Group Inc (GBT) | $127.03 Million | 35.00% | 0.96x | $288.36 Million |
| Leon's Furniture Limited (LNF) | $237.61 Million | 16.35% | 0.41x | $1.24 Billion |
| Pet Valu Holdings Ltd (PET) | $95.75 Million | 91.30% | 9.14x | $865.01 Million |
| Rocky Mountain Liquor Inc (RUM) | $7.04 Million | 2.89% | 1.69x | $2.42 Million |
About Kits Eyecare Ltd
Kits Eyecare Ltd. operates a digital eyecare platform in the United States and Canada. It offers progressive, polarized, and contact lenses, eyeglasses, and frames under the KITS brand, as well as distributes eyewear products of various brands. The company operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. Kits Eyecare Ltd. wa… Read more