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Samsonite International SA
(1910)
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Rating:66Neutral
Price Target:
HK$13.00
▲(3.59% 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 that Samsonite retains meaningful pricing, product-mix, and operating profitability despite softer demand. This provides a durable earnings cushion and supports continued investment in brands, product development, and distribution across the next several quarters.
Negative Factors
Sharp Revenue Contraction
A pronounced TTM revenue contraction signals materially weaker demand or sales execution than in the prior period. If the decline persists, lower volume can reduce operating leverage, pressure investment capacity, and make the company more dependent on margin protection than on durable topline expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High gross and EBITDA margins indicate that Samsonite retains meaningful pricing, product-mix, and operating profitability despite softer demand. This provides a durable earnings cushion and supports continued investment in brands, product development, and distribution across the next several quarters.
Read all positive factors
Samsonite International SA (1910) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.97B
Dividend Yield6.2%
Average Volume (3M)2.70M
Price to Earnings (P/E)8.3
Beta (1Y)0.56
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. Volume2,938,196
30 Day Avg. Volume2,701,463
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$18.81Price Target Upside49.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.18
Revenue Forecast (FY)HK$3.54B
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 | 850.00M | 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
Positive
12.55
Price Trends
12.67
Positive
13.20
Negative
14.61
Negative
Market Momentum
0.04
Positive
51.20
Neutral
23.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1910, the sentiment is Positive. The current price of 12.55 is below the 20-day moving average (MA) of 12.92, below the 50-day MA of 12.67, and below the 200-day MA of 14.61, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 51.20 is Neutral, neither overbought nor oversold. The STOCH value of 23.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$573.68M | 5.04 | 11.96% | 6.90% | 1.49% | -9.08% | |
74 Outperform | HK$441.32M | 5.06 | 26.54% | 7.48% | 17.32% | 34.39% | |
70 Outperform | HK$536.46M | 4.31 | 10.08% | 7.17% | 9.08% | 52.36% | |
66 Neutral | HK$17.97B | 8.34 | 16.79% | 6.20% | 1.27% | -8.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | HK$1.64B | -509.12 | -0.12% | 63.41% | -7.94% | 99.47% | |
46 Neutral | HK$200.79M | -3.91 | -11.48% | 25.32% | -34.67% | 48.99% |
* Consumer Cyclical Sector Average
HK:1910
Samsonite International SA
12.92
-2.45
-15.93%
HK:0210
Daphne International Holdings
0.29
-0.11
-26.95%
HK:0738
Le Saunda Holdings
0.30
0.07
28.82%
HK:1100
Mainland Headwear Holdings
1.25
-0.04
-2.87%
HK:1028
C.banner International Holdings Ltd.
0.66
0.16
32.00%
HK:2683
Wah Sun Handbags International Holdings Ltd.
1.08
0.30
37.76%
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...
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.