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Samsonite International SA
(1910)
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Rating:66Neutral
Price Target:
HK$14.50
▲(15.54% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed financial performance—strong margins and free cash flow offset by a pronounced TTM revenue contraction and meaningful leverage. Valuation is a clear positive (low P/E and high dividend yield), while technicals are a notable drag with price below major moving averages and weak momentum indicators.
Positive Factors
Strong Profitability
High gross and EBITDA margins indicate meaningful brand, product, and channel economics. Sustained profitability provides a buffer against moderate demand weakness and supports continued investment in product development, marketing, and distribution.
Negative Factors
Severe Revenue Contraction
A pronounced revenue contraction signals weaker demand, unfavorable mix, or execution pressure across the global travel-products business. If sustained, lower scale could reduce operating leverage and constrain investment in brands and distribution.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High gross and EBITDA margins indicate meaningful brand, product, and channel economics. Sustained profitability provides a buffer against moderate demand weakness and supports continued investment in product development, marketing, and distribution.
Read all positive factors
Samsonite International SA (1910) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.43B
Dividend Yield6.28%
Average Volume (3M)4.05M
Price to Earnings (P/E)8.2
Beta (1Y)0.52
Revenue Growth1.27%
EPS Growth-8.74%
CountryHK
Employees11,350
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)0.20
Shares Outstanding1,470,194,700
10 Day Avg. Volume5,398,864
30 Day Avg. Volume4,052,093
Financial Highlights & Ratios
PEG Ratio-0.97
Price to Book (P/B)2.22
Price to Sales (P/S)1.01
P/FCF Ratio8.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$18.63Price Target Upside48.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)0.18
Revenue Forecast (FY)HK$3.53B
Samsonite International SA Business Overview & Revenue Model
Company Description
Samsonite Group S.A. engages in the design, manufacture, sourcing, and distribution of luggage, business and computer bags, outdoor and casual bags, and travel accessories in Asia, North America, Europe, and Latin America. The company sells its pr...
How the Company Makes Money
Samsonite International SA primarily makes money by selling travel and lifestyle products under its brand portfolio to consumers and to trade customers, generating revenue across multiple channels and geographies.
Key revenue streams and how they...
Samsonite International SA Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a balanced outlook. While there were notable improvements and strategic successes, especially in direct-to-consumer growth and brand performance in specific regions, challenges in North America and the wholesale channel tempered the overall positive momentum.Positive Updates
Sequential Improvement in Sales
All regions and brands showed sequential improvement in Q3 versus Q2. Net sales growth was positive in August, September, and October across all regions and brands.
Negative Updates
North America Challenges
North America's net sales were down 4.5%, largely due to cautious wholesale buying and lower inbound tourism.
Read all updates
Q3-2025 Updates
Positive
Negative
Sequential Improvement in Sales
All regions and brands showed sequential improvement in Q3 versus Q2. Net sales growth was positive in August, September, and October across all regions and brands.
Read all positive updates
Company Guidance
In the Samsonite Group's 2025 Third Quarter Results Conference Call, the company reported a strong momentum in its business, driven by innovative products and sequential improvement across all regions and brands. The overall net sales declined by 1.3% in constant currency, an improvement from the 5.8% decline in Q2. The direct-to-consumer business saw a 3.5% increase, with e-commerce sales up over 10% and company-owned stores up 1.1%. The DTC mix rose to 42% from 38.9% in the previous year. Meanwhile, the wholesale channel experienced a 4.5% decline, partially offset by a 12.3% growth in e-retailer sales. Non-travel sales grew by almost 7%, with the company's gross margin expanding to 59.6%, up 30 basis points from the previous year and 60 basis points from the prior quarter. The company expects sequential sales improvement in Q4, supported by positive sales trends and strong holiday momentum.Samsonite International SA Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
56
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.52B | 3.50B | 3.59B | 3.68B | 2.88B | 2.02B |
| Gross Profit | 2.12B | 1.84B | 2.15B | 2.18B | 1.61B | 1.10B |
| EBITDA | 810.99M | 806.59M | 700.00M | 906.70M | 647.50M | 286.20M |
| Net Income | 261.74M | 289.43M | 345.60M | 417.00M | 312.70M | 14.30M |
Balance Sheet | ||||||
| Total Assets | 5.15B | 5.32B | 5.08B | 5.11B | 4.72B | 4.85B |
| Cash, Cash Equivalents and Short-Term Investments | 670.71M | 649.21M | 676.30M | 730.70M | 635.90M | 1.32B |
| Total Debt | 2.34B | 2.37B | 2.32B | 2.30B | 2.39B | 3.22B |
| Total Liabilities | 3.57B | 3.65B | 3.53B | 3.59B | 3.64B | 4.13B |
| Stockholders Equity | 1.51B | 1.60B | 1.48B | 1.45B | 1.03B | 689.70M |
Cash Flow | ||||||
| Free Cash Flow | 493.45M | 401.69M | 460.90M | 424.10M | 214.90M | 361.20M |
| Operating Cash Flow | 581.50M | 487.42M | 564.80M | 534.20M | 277.70M | 387.10M |
| Investing Cash Flow | -96.76M | -93.94M | -111.50M | -110.10M | -62.80M | 9.40M |
| Financing Cash Flow | -474.86M | -456.87M | -459.70M | -347.80M | -881.10M | -551.20M |
Samsonite International SA Technical Analysis
Negative
12.55
Price Trends
13.39
Negative
13.58
Negative
15.60
Negative
Market Momentum
-0.26
Negative
46.18
Neutral
71.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1910, the sentiment is Negative. The current price of 12.55 is below the 20-day moving average (MA) of 12.73, below the 50-day MA of 13.39, and below the 200-day MA of 15.60, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 46.18 is Neutral, neither overbought nor oversold. The STOCH value of 71.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1910.
Samsonite International SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$447.45M | 5.06 | 26.54% | 7.31% | 17.32% | 34.39% | |
74 Outperform | HK$593.55M | 5.68 | 11.96% | 6.06% | 1.49% | -9.08% | |
71 Outperform | HK$560.06M | 4.50 | 10.08% | 6.90% | 9.08% | 52.36% | |
66 Neutral | HK$17.43B | 8.23 | 16.79% | 6.28% | 1.27% | -8.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$2.53B | -746.97 | -0.12% | 63.41% | -7.94% | 99.47% | |
36 Underperform | HK$246.64M | -3.77 | -13.55% | 25.32% | -38.65% | 41.22% |
* Consumer Cyclical Sector Average
HK:1910
Samsonite International SA
12.75
-3.03
-19.22%
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Samsonite International SA Corporate Events
Samsonite Sets Out 2026 Interim Results Framework and Strategic Priorities
Aug 13, 2026
Samsonite released its interim results announcement for the six months ended June 30, 2026, highlighting operational performance using both IFRS and selected non-IFRS financial measures that management believes help investors better understand bus...
Samsonite to Acquire Majority Stake in Travel Brand BÉIS for US$178.5 Million
Aug 12, 2026
Samsonite’s wholly owned subsidiary has agreed to acquire 85% of Beis, the owner of lifestyle and travel brand BÉIS, for US$178.5 million in cash, with closing expected in the fourth quarter of 2026 subject to certain conditions. Post-c...
Samsonite sets August board meeting to approve 2026 interim results
Jul 14, 2026
Samsonite Group S.A. has scheduled a board meeting for August 13, 2026, to review and approve the interim financial results for the six months ended June 30, 2026. The meeting may also address other corporate matters, signaling an upcoming update ...
Samsonite Finalizes Details of US$140 Million Cash Dividend
Jun 23, 2026
Samsonite Group S.A. has confirmed details of a previously approved cash dividend for shareholders following its 2025 financial results. The board will distribute a total of US$140 million, adjusted to approximately US$0.1026 per share before tax ...
Samsonite Declares Final Cash Dividend for 2025 with Withholding Tax Details
Jun 23, 2026
Samsonite Group S.A. has declared a final ordinary cash dividend of USD 0.1026 per share for the year ended 31 December 2025, with shareholders’ approval obtained on 4 June 2026. The dividend will be paid in Hong Kong dollars at HKD 0.8012 p...
Samsonite Grants 2026 RSUs and Cash LTIs to Bolster Retention and Performance
Jun 10, 2026
Samsonite has granted new restricted share units and long-term incentive cash awards as part of its 2026 compensation framework for senior leadership and key employees. The move is aimed at aligning management incentives with shareholder interests...
Samsonite Wins Strong Shareholder Backing for Dividend, Board Changes and U.S. Dual-Listing Flexibility
Jun 5, 2026
Samsonite shareholders overwhelmingly approved all resolutions at the June 4, 2026 annual general meeting, including adoption of the 2025 financial statements and a dividend distribution totaling US$140 million. Investors also backed the retiremen...
Samsonite Sets Out Board Composition and Committee Roles
Jun 5, 2026
Samsonite Group S.A. has outlined the current composition of its board of directors, confirming Kyle Francis Gendreau as the sole executive director and chief executive officer, and naming Jerome Squire Griffith as chairman alongside six independe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.