Samsonite International SA (1910) AI Stock Analysis

• Market Cap: HK$28.13B
• Dividend Yield: 4.18%
• Average Volume (3M): 4.08M
• Price to Earnings (P/E): 11.7
• Beta (1Y): 0.46
• Revenue Growth: -3.50%
• EPS Growth: -15.16%
• Country: HK
• Employees: 12,100
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.36
• Shares Outstanding: 1,466,236,100
• 10 Day Avg. Volume: 2,431,755
• 30 Day Avg. Volume: 4,075,397
• PEG Ratio: -1.06
• Price to Book (P/B): 2.75
• Price to Sales (P/S): 1.13
• P/FCF Ratio: 8.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$21.71
• Price Target Upside: 6.84% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: HK$21.00 ▲(3.35% Upside)

Samsonite International SA's stock score is driven by strong technical indicators and attractive valuation metrics, suggesting potential undervaluation and positive momentum. However, financial performance challenges, particularly in revenue growth and leverage, along with mixed earnings call sentiment, moderate the overall score.

Positive Factors

Direct-to-Consumer Growth

The growth in direct-to-consumer sales, particularly in e-commerce, highlights Samsonite's successful adaptation to changing consumer preferences, enhancing its market position and revenue stability in the long term.

Gross Margin Expansion

The expansion in gross margins indicates improved operational efficiency and pricing power, which can support sustained profitability and competitive advantage over time.

Strong Cash Flow and Debt Management

Robust cash flow and effective debt management enhance financial flexibility, allowing Samsonite to invest in growth opportunities and navigate economic uncertainties.

Negative Factors

North America Challenges

Persistent challenges in North America, a key market, could hinder overall revenue growth and require strategic adjustments to mitigate regional weaknesses.

Wholesale Channel Decline

Declining sales in the wholesale channel highlight potential shifts in consumer behavior and distribution challenges, impacting long-term sales strategies.

Negative Sales Growth

The decline in overall net sales reflects ongoing market pressures and competitive challenges, necessitating strategic initiatives to drive future growth.

Samsonite International SA Business Overview & Revenue Model

Company Description

Samsonite International SA, founded in 1910, is a leading global manufacturer and retailer of luggage and travel accessories. The company operates in the travel goods sector, offering a wide range of products including hard-shell and soft-shell suitcases, backpacks, and travel-related accessories. With a strong brand presence, Samsonite caters to both leisure and business travelers, providing innovative designs and durable products that enhance the travel experience.

How the Company Makes Money

Samsonite generates revenue primarily through the sale of its luggage and travel accessories across multiple channels including retail stores, e-commerce platforms, and wholesale distribution. Key revenue streams come from its flagship brand, Samsonite, as well as its other brands such as American Tourister and Hartmann. The company benefits from strategic partnerships with various retailers and travel-related businesses, expanding its market reach. Additionally, seasonal promotions and product launches help to drive sales, while a focus on innovation and quality ensures customer loyalty and repeat purchases.

Samsonite International SA Financial Statement Overview

Summary

Samsonite International SA demonstrates operational efficiency with strong margins, but faces challenges in revenue growth and cash generation. The high leverage on the balance sheet poses potential risks, although the company effectively utilizes equity to generate returns. Overall, the financial statements reflect a stable yet cautious outlook, with a need to address revenue growth and leverage concerns.

Income Statement

The income statement shows a mixed performance. The company has maintained a healthy gross profit margin of approximately 59% in the TTM period, indicating efficient cost management. However, the net profit margin has decreased to 8.6% from 9.6% in the previous year, reflecting a decline in profitability. Revenue growth has been negative in the TTM period, indicating a contraction in sales. Despite these challenges, the EBIT and EBITDA margins remain strong, suggesting operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.71 in the TTM period, indicating significant leverage which could pose financial risks. However, the return on equity is robust at 20.4%, showing effective use of equity to generate profits. The equity ratio is moderate, suggesting a balanced asset structure. Overall, the balance sheet reflects a stable but leveraged financial position.

Cash Flow

Cash flow analysis indicates a decline in free cash flow growth, with a negative growth rate of -3.6% in the TTM period. The operating cash flow to net income ratio is low at 0.30, suggesting limited cash generation relative to net income. However, the free cash flow to net income ratio remains strong at 0.82, indicating good cash conversion. The cash flow statement highlights challenges in cash generation, despite maintaining positive free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.43B	3.59B	3.68B	2.88B	2.02B	1.54B
Gross Profit	5.62B	2.15B	2.18B	1.61B	1.10B	706.30M
EBITDA	2.13B	700.00M	906.70M	647.50M	286.20M	-1.01B
Net Income	803.02M	345.60M	417.00M	312.70M	14.30M	-1.28B
Balance Sheet
Total Assets	39.16B	5.08B	5.11B	4.72B	4.85B	5.16B
Cash, Cash Equivalents and Short-Term Investments	3.86B	676.30M	730.70M	635.90M	1.32B	1.50B
Total Debt	18.38B	2.32B	2.30B	2.39B	3.22B	3.75B
Total Liabilities	27.00B	3.53B	3.59B	3.64B	4.13B	4.49B
Stockholders Equity	11.64B	1.48B	1.45B	1.03B	689.70M	634.10M
Cash Flow
Free Cash Flow	1.18B	460.90M	424.10M	214.90M	361.20M	-140.30M
Operating Cash Flow	1.43B	564.80M	534.20M	277.70M	387.10M	-114.20M
Investing Cash Flow	-277.87M	-111.50M	-110.10M	-62.80M	9.40M	-26.10M
Financing Cash Flow	-2.57B	-459.70M	-347.80M	-881.10M	-551.20M	1.16B

Samsonite International SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 20.32 is above the 20-day moving average (MA) of 19.46, above the 50-day MA of 18.02, and above the 200-day MA of 16.32, indicating a bullish trend. The MACD of 0.51 indicates Negative momentum. The RSI at 68.27 is Neutral, neither overbought nor oversold. The STOCH value of 81.18 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2683	73 Outperform	HK$478.09M	5.59	28.87%	5.40%	31.25%	147.52%
1731	73 Outperform	HK$840.00M	4.30	14.86%	9.46%	6.92%	4.74%
1910	70 Outperform	HK$28.13B	11.71	20.28%	4.18%	-3.50%	-15.16%
0210	70 Outperform	HK$840.90M	6.77	15.44%	4.71%	―	―
1023	62 Neutral	HK$500.61M	-2.76	-10.55%	11.76%	-1.38%	-275.02%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1842	50 Neutral	HK$61.20M	-11.33	-5.68%	―	6.38%	-275.00%

Samsonite International SA Corporate Events

Samsonite Reports Q3 2025 Financial Results and Strategic Initiatives

Samsonite International SA has released its unaudited consolidated financial results for the period ending September 30, 2025. The company is focusing on strengthening its brand positioning and expanding its direct-to-consumer channels, including retail stores and e-commerce platforms. The announcement highlights the company’s strategic initiatives to enhance its operational performance and market presence, which could have significant implications for its stakeholders.

Samsonite Completes €350 Million Senior Notes Issuance for Refinancing

Samsonite International SA has successfully completed the issuance of €350 million in senior notes due 2033, which will be used to refinance the senior notes due 2026. This strategic financial move is expected to strengthen the company’s financial position by utilizing the proceeds, along with existing cash and new credit facilities, to repay the existing notes and cover associated costs.

Samsonite Completes Refinancing of Senior Credit Facilities

Samsonite Group S.A. announced the successful closing of its New Senior Credit Facilities on November 6, 2025. The proceeds from these facilities, along with existing cash, were used to refinance existing senior credit facilities and cover associated costs, marking a significant step in the company’s financial strategy.

Samsonite CFO Reza Taleghani to Depart, Transition Plan in Place

Samsonite International S.A. announced the upcoming departure of its Chief Financial Officer, Reza Taleghani, who will remain with the company until January 2026 to ensure a smooth transition. The company has expressed gratitude for Taleghani’s contributions, particularly in navigating economic challenges and fostering long-term growth. A search for a new CFO will commence, with further announcements to follow.

Samsonite Announces €350 Million Refinancing Plan

Samsonite International SA has announced a significant refinancing initiative involving the issuance of €350 million in 4.375% Senior Notes due 2033, alongside new senior credit facilities. This financial restructuring includes a new revolving credit facility of US$850 million and new term loan facilities totaling US$1,294 million, aimed at refinancing existing senior notes due 2026 and enhancing the company’s financial flexibility. The completion of these financial arrangements is expected to bolster Samsonite’s liquidity and support its strategic growth initiatives.

Samsonite to Review Quarterly Financials in Upcoming Board Meeting

Samsonite International SA has announced that its Board of Directors will meet on November 12, 2025, to review and approve the company’s quarterly financial results for the periods ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and stakeholder confidence.