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Samsonite International SA (HK:1910)
:1910

Samsonite International SA (1910) AI Stock Analysis

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HK

Samsonite International SA

(OTC:1910)

Rating:70Outperform
Price Target:
HK$16.00
▲(3.63%Upside)
Samsonite International SA's strong operational efficiency and attractive valuation are key positives, offset by challenges in revenue growth and macroeconomic uncertainties. Short-term technical indicators are positive, but long-term trends are less favorable. The earnings call provides a balanced view of strengths in financial management and innovation against sales declines and external risks.
Positive Factors
Dual Listing
Possible dual-listing in the US could enhance trading liquidity, valuation, and global investor access.
Travel Trends and Innovation
Samsonite is expected to post sequential improvement supported by a lower base, strength in global travel trends, and focus on innovation and cost control.
Negative Factors
Revenue Decline
Revenue trending towards a mid-single-digit decline due to softer consumer sentiment and ongoing trade tensions.
Tariffs and Consumer Demand
There are uncertainties on the tariff scale and the impact on US consumer demand.

Samsonite International SA (1910) vs. iShares MSCI Hong Kong ETF (EWH)

Samsonite International SA Business Overview & Revenue Model

Company DescriptionSamsonite International S.A. engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. It offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names. The company sells its products through various wholesale distribution channels, as well as through company operated retail stores and e-commerce. Samsonite International S.A. was founded in 1910 and is based in Luxembourg, Luxembourg.
How the Company Makes MoneySamsonite International SA generates revenue primarily through the sale of its travel goods, including suitcases, business bags, and accessories. The company's key revenue streams include retail sales through owned stores, sales through third-party retailers and online platforms, and wholesale distribution. Samsonite's earnings are bolstered by its strategic partnerships with department stores, specialty retailers, and online marketplaces, which expand its market reach. Additionally, the company invests in marketing and product development to maintain its competitive edge and to attract a diverse customer base, which further drives sales and profitability.

Samsonite International SA Earnings Call Summary

Earnings Call Date:May 13, 2025
(Q1-2025)
|
% Change Since: 6.32%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Neutral
The earnings call presented a balanced view, with highlights in European growth, financial strength, and innovative product launches, contrasted by declines in sales, uncertainties due to tariffs, and macroeconomic challenges affecting consumer sentiment.
Q1-2025 Updates
Positive Updates
Resilience in European Market
European growth in Q1 was 4.4%, and it looks steady for Q2. This region has been performing well, benefiting from ongoing travel demand, with all brands experiencing growth.
Positive Performance in India
India showed a positive growth of 2.6% in Q1, improving from a 26% decline in Q4. The initiatives put in place are effectively shifting the trend in a positive direction.
Strong Financial Position
The company maintains a strong financial position with net debt well under control at just shy of $1.2 billion and liquidity of just under $1.4 billion.
Innovative Product Launches
New products like Parallux, Light Geo, and the limited edition Roxkin material case show strong innovation and sustainability efforts, expected to drive future growth.
Mitigation of Tariff Impacts
The company is taking decisive actions to mitigate tariff impacts, including price increases and strategic sourcing outside of China, showing agility in managing cost pressures.
Negative Updates
Sales Decline in Q1
Sales decreased by 4.5% to just shy of $800 million, with a decline in major brands like Tumi down 2% and Samsonite down 2.6%.
Impact of Macroeconomic Uncertainties
The macroeconomic environment has softened consumer sentiment and demand, particularly in North America, affecting Q1 performance.
Tariff Uncertainties
Ongoing tariff uncertainties in the U.S. are impacting consumer sentiment and causing wholesale customers to buy cautiously, affecting sales trends.
South Korean Market Challenges
The South Korean market was down 18% due to political instability, affecting the overall performance in Asia.
Negative Free Cash Flow
The company reported $41 million in negative free cash flow for Q1, largely due to pre-purchasing inventory ahead of tariff pressures.
Company Guidance
In the first quarter of 2025, Samsonite reported sales just shy of $800 million, a decrease of 4.5% compared to the previous year, which had a record-setting Q1. The company faced macroeconomic uncertainties and softening consumer sentiment, impacting its core brands. Tumi and Samsonite saw minor declines of 2% and 2.6%, respectively, after adjusting for a wholesale customer’s order timing, while American Tourister declined nearly 11% due to cautious wholesale buying. Gross margins slightly decreased to 59.4% from 60% the previous year, and adjusted EBITDA was $128 million, with an EBITDA margin of 16%. Although sales in Asia decreased by 7%, India showed a positive trend with 2.6% growth. North America was down 8%, while Europe grew by 4.4%, and Latin America remained flat. The company maintained cost discipline, keeping SG&A expenses flat year-over-year despite opening 64 new stores, and plans to manage tariffs' impact through strategic pricing and sourcing adjustments.

Samsonite International SA Financial Statement Overview

Summary
Samsonite International SA exhibits solid financial performance with strong operational efficiency and cash flow management. Despite a decline in revenue, profitability metrics such as EBIT and EBITDA margins remain strong. The balance sheet indicates moderate leverage, necessitating focus on revenue growth and debt management.
Income Statement
75
Positive
Samsonite International SA has shown a strong recovery in its income statement. The gross profit margin improved to 59.9% in the latest year, indicating efficient cost management. However, the net profit margin decreased slightly to 9.6%, pointing to increased expenses or reduced revenue efficiency. The revenue growth rate was negative at -2.5% from 2023 to 2024, which is a concern. EBIT and EBITDA margins were healthy at 17.5% and 19.5% respectively, showing strong operational efficiency.
Balance Sheet
68
Positive
The company's balance sheet reflects moderate financial health. The debt-to-equity ratio stands at 1.57, indicating a reliance on debt financing. Return on equity improved to 23.4%, demonstrating effective use of equity to generate profits. The equity ratio of 29.1% shows that the company has a reasonable level of equity relative to its assets, but there is room for improvement.
Cash Flow
80
Positive
Cash flow analysis reveals a robust performance with a positive free cash flow growth rate of 8.7% from 2023 to 2024. The operating cash flow to net income ratio was strong at 1.63, suggesting effective cash generation relative to net income. The free cash flow to net income ratio stood at 1.33, indicating efficient conversion of net income into free cash flow.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.59B3.68B2.88B2.02B1.54B
Gross Profit2.15B2.18B1.61B1.10B706.30M
EBITDA700.00M906.70M647.50M286.20M-1.01B
Net Income345.60M417.00M312.70M23.50M-1.29B
Balance Sheet
Total Assets5.08B5.11B4.72B4.85B5.16B
Cash, Cash Equivalents and Short-Term Investments676.30M730.70M635.90M1.32B1.50B
Total Debt2.32B2.30B2.39B3.22B3.72B
Total Liabilities3.53B3.59B3.64B4.13B4.49B
Stockholders Equity1.48B1.45B1.03B689.70M634.10M
Cash Flow
Free Cash Flow460.90M424.10M214.90M361.20M-140.30M
Operating Cash Flow564.80M534.20M277.70M387.10M-114.20M
Investing Cash Flow-111.50M-110.10M-62.80M9.40M-26.10M
Financing Cash Flow-459.70M-347.80M-881.10M-551.20M1.16B

Samsonite International SA Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price15.44
Price Trends
50DMA
13.81
Positive
100DMA
16.11
Negative
200DMA
17.51
Negative
Market Momentum
MACD
0.15
Negative
RSI
62.08
Neutral
STOCH
88.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1910, the sentiment is Neutral. The current price of 15.44 is above the 20-day moving average (MA) of 14.18, above the 50-day MA of 13.81, and below the 200-day MA of 17.51, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 62.08 is Neutral, neither overbought nor oversold. The STOCH value of 88.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1910.

Samsonite International SA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
HK$326.90M5.0923.19%20.00%14.78%56.67%
70
Outperform
$20.63B8.9620.15%5.61%-4.83%-27.83%
62
Neutral
$16.76B11.38-7.38%2.96%1.59%-23.30%
$103.35M3.00
11.61%
76
Outperform
HK$840.00M3.6118.71%9.33%16.66%99.90%
56
Neutral
HK$471.72M5.10-1.08%12.24%-4.68%-112.44%
45
Neutral
HK$76.80M-3.32%5.42%-511.11%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1910
Samsonite International SA
15.44
-6.05
-28.16%
DPNEF
Daphne International Holdings
0.02
0.00
0.00%
HK:1023
Sitoy Group Holdings Limited
0.49
-0.01
-2.00%
HK:1731
Prosperous Industrial (Holdings) Ltd.
0.76
0.18
31.03%
HK:1842
Grown Up Group Investment Holdings Limited
0.06
0.00
0.00%
HK:2683
Wah Sun Handbags International Holdings Ltd.
0.79
0.44
125.71%

Samsonite International SA Corporate Events

Samsonite Announces New Leadership for Europe Region
Jun 27, 2025

Samsonite International SA has announced a change in its senior management, with Mr. Damien Mignot set to become President of the Europe region effective July 1, 2025. Mr. Mignot, who has been with the company since 2006, brings extensive experience and leadership skills to the role, having previously served as Vice President – General Manager of Tumi Europe. The current President, Mr. Fabio Rugarli, will be leaving the company to focus on personal interests. The board expresses confidence in Mr. Mignot’s ability to lead the Europe region to continued success, acknowledging Mr. Rugarli’s significant contributions over the years.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$22.89 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite to Review Interim Financial Results in Upcoming Board Meeting
Jun 27, 2025

Samsonite International SA has announced that its board of directors will meet on August 13, 2025, to review and approve the interim financial results for the first half of the year ending June 30, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the remainder of the year.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$22.89 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite Updates Final Cash Dividend for 2024
Jun 18, 2025

Samsonite International SA has announced an update regarding its cash dividend for the year ending December 31, 2024. The final ordinary dividend declared is USD 0.1085 per share, which will be paid in Hong Kong dollars at an exchange rate of USD 1 to HKD 7.815, resulting in HKD 0.8476 per share. The dividend is subject to a 15% Luxembourg withholding tax. The payment date is set for July 15, 2025, with a record date of June 11, 2025. This announcement reflects the company’s commitment to returning value to its shareholders.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$22.89 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite Announces US$150 Million Cash Dividend for Shareholders
Jun 18, 2025

Samsonite International SA has announced a cash dividend of US$150 million, approximately US$0.1074 per share before tax, to be distributed to its shareholders. The dividend, approved at the annual general meeting, will be paid on July 15, 2025, with Luxembourg withholding tax applied. Shareholders in Hong Kong will receive the dividend in Hong Kong dollars, with specific exchange rates applied. This announcement reflects the company’s strong financial performance and commitment to returning value to its shareholders.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$22.89 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite Announces New Incentive Grants to Retain and Motivate Key Employees
Jun 12, 2025

Samsonite International S.A. announced the grant of restricted share units (RSUs) and long-term incentive cash awards as part of its Share Award Scheme. These grants aim to retain key employees and incentivize future performance by aligning their interests with the company’s growth. The RSUs are granted to the CEO and other participants, while the cash awards are given to certain employees, with vesting conditions tied to performance targets over a three-year period. This initiative is designed to manage equity dilution while providing significant incentive opportunities.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$22.89 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite Approves Key Resolutions at 2025 Annual General Meeting
Jun 3, 2025

Samsonite International SA held its Annual General Meeting on June 3, 2025, where all proposed resolutions were approved by shareholders. Key decisions included the adoption of financial statements, approval of a US$150 million dividend distribution, re-election of directors, and renewal of KPMG as the company’s auditor. These resolutions reflect the company’s ongoing commitment to shareholder value and governance, potentially strengthening its market position and stakeholder confidence.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$43.32 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite International Announces Board Composition and Committee Roles
Jun 3, 2025

Samsonite International SA has announced the composition of its board of directors, highlighting the roles and functions of each member. The board includes a mix of executive, non-executive, and independent non-executive directors, with Kyle Francis Gendreau serving as the CEO and Timothy Charles Parker as the Chairman. The board has established three committees: Audit, Nomination, and Remuneration, each with designated members and chairpersons. This announcement underscores the company’s commitment to strong governance and structured leadership, potentially impacting its strategic direction and stakeholder confidence.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$43.32 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite Reports Q1 2025 Financial Results, Emphasizes Growth Strategies
May 13, 2025

Samsonite International SA announced its unaudited consolidated financial results for the quarter ending March 31, 2025, highlighting its operational performance and market strategies. The company is focused on expanding its direct-to-consumer channels and enhancing its retail and e-commerce platforms, while navigating challenges in the travel industry and global economic conditions. The announcement underscores Samsonite’s commitment to growth through strategic investments and market penetration, aiming to sustain its competitive advantages and financial resilience.

The most recent analyst rating on (HK:1910) stock is a Buy with a HK$43.32 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

Samsonite Announces Key Resolutions for Upcoming Annual General Meeting
Apr 29, 2025

Samsonite International SA has announced its upcoming Annual General Meeting to be held on June 3, 2025, in Luxembourg and via video conference in Hong Kong. The meeting will address several key resolutions, including the approval of the company’s financial statements for 2024, a dividend distribution of US$150 million, the re-election of three directors, and the renewal of KPMG’s mandate as the company’s auditor. Additionally, a general mandate will be considered to allow the directors to issue new shares or securities, which could impact the company’s capital structure and shareholder value.

Samsonite to Review Quarterly Financial Results on May 13, 2025
Apr 14, 2025

Samsonite International SA has announced that its board of directors will meet on May 13, 2025, to review and approve the company’s quarterly financial results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial health and operational performance, potentially impacting its market position and stakeholder confidence.

Samsonite Proposes Significant RSU Grant to CEO
Apr 10, 2025

Samsonite International SA has announced a proposed grant of Restricted Stock Units (RSUs) to its Chief Executive Officer, Kyle Francis Gendreau, under the Share Award Scheme. The grant, which exceeds the 0.1% individual threshold, is valued at US$7,316,350 and will be subject to shareholder approval at the upcoming Annual General Meeting. This move is indicative of the company’s commitment to aligning executive compensation with performance and shareholder interests, potentially impacting the company’s operational focus and stakeholder engagement.

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.Date of analysis: Jun 27, 2025