How to Analyze a Public Company (KITS Eyecare)
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- เผยแพร่เมื่อ 22 พ.ค. 2024
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In this video, we'll go over the basics of how to analyze a public company. We will cover which company filings to download, how to study a company's business model, and look at the company's unit economics. We'll also do a simple multiples-based valuation. When presenting a public stock in an interview or at work, it's essential that you can articulate how the business makes money in 1-2 sentences.
Today, we are going to be looking at KITS Eyecare (TSE:KITS), a direct-to-consumer eyewear brand that is partnering with us for this video. After doing this research, I ended up purchasing KITS stock.
0:00 - Company Overview
2:26 - Public Information Book
3:06 - Business Model
4:38 - Unit Economics
6:57 - Financials and Valuation
Peak Frameworks is a business career prep service started by Matt Ting and Patrick Fong, who have each spent several years working in investment banking and private equity in New York and Silicon Valley. Matt and Patrick met at Evercore, a top tier investment bank, and over the years have tutored and coached dozens of candidates to land their dream business job.
Matt Ting: / matthewting
Patrick Fong (HBS 2021): / patrick-fong-0b773041
This video was conducted on behalf of KITS, and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit
www.goldstandardir.com/kits-d...
Add the ticker and website to the description box
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TSX: KITS I OTC: KTYCF
#Investing #StockMarket #InvestmentBanking
Great video, I hope you continue with public equity analysis. Maybe bring Aswath Damodaran to one of your videos.
Thanks Juan! That would be a dream, Damodaran is the man.
I like how he casually says bring Damodaran like the guy is a TH-camr with 10k subs lol.
Always shoot for the stars. The chances of getting him on the channel if he messages him might be 0.01% but if he doesn’t those chances are 0.... I’ll take 0.01% any day
@@juanmagalhaes7519 Ok fair enough :)
The one thing I love about Matt is his transparency and honesty. Not many channels on youtube are anywhere close.
Thank you,
If Kits reached out to you to collaborate that's genius marketing on their part.
Thanks for this video! Please definitely do more like this. I think it’s very helpful and interesting to see how you would evaluate and research into a firm. Also love how formatted and straightforward this is!
Love this type of content, financial modeling videos would also be very helpful
Great video! Excellent explanation. Long-form explanations going deeper into the valuation methodology, business model, peer groups, etc. of these real-life businesses would also be much appreciated.
Great content! Keep making this kind of content, where you show how to analyze companies using financial models and terms.
Awesome video! Please continue posting this kind of content. Thanks!
Love this Chanel and your explanation
I think this is great, the metrics used were really helpful and provided a framework that personally I could use for my own investments. Please do more of this!
Yeah more of this content please. Very informative thank you.
This is great content!! Would love to see more of it
Great video. Thanks for the learning nuggets!
Thanks for the content! Looking forward to more modeling videos esp in project finance
Thanks for the video !!! Please do more
Excellent video! Please make this format recurring :)
Loved this kind of video. Keep it coming
Thanks for such a great video. And thanks for the sharing on your investment perspective, as well as, some ratios for analyzing. Learn something new about Canada today. Plz make some more quality videos like this, definitely will watch and enjoy them.
love this man so much
Keep doing this. This is solid asf
Would love to see you cover Hims & Hers, thanks!
Thank you!
Please do more of these types of videos
Great content! Can you do more public stock analysis and show us how you will do the analysis on a more technical level? Thanks!
Pls post more videos thanks in advance
Could you do more of this?
Thank you for this great video! I just had a question about the multiplier. How does one develop a price target based on the market cap/run-rate revenue multiplier?
Multiple x Metric = Market Cap
(Market Cap / Revenue) x Revenue = Market Cap
When you get to Market Cap, you divide by # of shares to get to share price.
So they're currently trading at 3x Revenue x ~$80mm of Revenue, which is ~$250mm Market Cap. Then divide by their shares to get to a share price.
Great video Matt! Question: why look at comps and precedent transactions but not run a DCF? Is there intention behind that?
By the way, your videos helped me land an internship at a pretty sweet boutique investment bank focused on tech M&A for next summer. You're an idol.
Congrats man! You could just as well do a DCF, but it tends to be much flimsier when the company is this small. A DCF is predicated on a 5 year forecast, and a 5 year forecast for a business like this would be extremely artificial and sensitive to assumption. It would be useful as a sanity check, but harder to derive valuation from.
Who's holding this stock still?
90% insider ownership and NCIB to buy up to 5% of outstanding shares. Lookin good
Love your content! I'm a senior year Business Administration student and want to break into finance. Should I pursue CFA or MBA?
I would honestly just try to break in right out of school if you can. Or go to a small boutique that is still hiring and then try to lateral. Don't do an MBA unless you absolutely need to.
Great video.
Well, Roger Hardy has been accumulating shares in the past few months.
and Cannacord was so off with their 12-mth PT lol
Haha, so was I! What a letdown...
@@PeakFrameworks Looks like we might be seeing a reversal
Any updates on their valuation? They're currently trading at about $2.70 CAD.
No price updates, but still holding
Roger made some big purchases these past 2 weeks...insiders are basically taking the company private at this point lol
How did you get access to equity research for free?
The company sent it to me for this one. Your only options really are either using your school's access or getting a friend at a bank to send you something.
Hey man! Currently about to get my masters in accounting. Do you know of anyone who's ever moved from b4 audit into ib/finance? Thanks!
Yes, one of the more common lateral paths. Still hard. Would recommend you try to get into a financial advisory services group at a Big 4 first.
How’d it go? In big 4 Audit SF right now.
Can we get an update
what in the world happened to this stock price, what a complete bomb of a drop !!!! the news is all good and the results are all bad.
Canada tech is getting slaughtered right now and their revenue growth decelerated a bit. I'm still holding and believe in the longer term mission.
@@PeakFrameworks really hope so, what a drop !!!!
Are you still holding ?
Yes, still holding and I don't plan to sell
@@PeakFrameworks Any idea why it's still under the radar?
You still holding? New 52 week highs every week...
Haha yeah I still got it, but they're still heavy bags
Boss are you still holding, KITS fell off a cliff.
Haha yeah I am, it's been brutal but gotta go down with the ship. At this point just gonna hold onto it and forget about it
@@PeakFrameworks Good stuff, sticking to fundamentals. I'd average down if I was you, sadly I don't know of any OTC Canada brokers in my country to get in myself!
Great content! Keep making this kind of content, where you show how to analyze companies using financial models and terms.