Samsonite International SA (1910) AI Stock Analysis

• Market Cap: HK$22.33B
• Dividend Yield: 4.23%
• Average Volume (3M): 4.08M
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.48
• 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: 1,466,240,700
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.23
• Revenue Forecast (FY): HK$3.65B

• Rating: 79 Outperform
• Price Target: HK$23.50 ▲(17.50% Upside)
• Action: Reiterated Date: 12/19/25
• Date: Action: Reiterated 12/19/25

Samsonite International SA's stock is rated positively due to its strong financial performance, attractive valuation, and positive technical indicators. The company's robust revenue growth and healthy margins are significant strengths, although high leverage and cash conversion efficiency are areas for improvement. The earnings call provided a balanced outlook with some regional challenges, but overall, the company's strategic initiatives and market position support a favorable stock 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 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 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 strong financial performance with significant revenue growth and healthy margins. The company effectively manages its equity to generate returns, though it carries a relatively high level of debt. Cash flow generation is robust, supporting its operational and strategic initiatives. Overall, the financial health is strong, with some areas for improvement in leverage and cash conversion efficiency.

Income Statement

Samsonite International SA shows strong revenue growth with a TTM revenue increase of 170.81%. The company maintains healthy margins, with a gross profit margin of 59.56% and an EBIT margin of 16.51%. However, the net profit margin slightly decreased to 8.52% from 9.63% in the previous year, indicating some pressure on net profitability.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.58, indicating significant leverage, though improved from previous years. Return on equity is solid at 20.39%, showing effective use of equity to generate profits. The equity ratio stands at 29.73%, suggesting a moderate level of equity financing.

Cash Flow

Cash flow analysis reveals a robust free cash flow growth of 191.99% TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.13, which is lower than desired, suggesting potential inefficiencies in converting income to cash. However, the free cash flow to net income ratio is strong at 82.46%.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.48B	3.59B	3.68B	2.88B	2.02B	1.54B
Gross Profit	2.07B	2.15B	2.18B	1.61B	1.10B	706.30M
EBITDA	696.69M	700.00M	906.70M	647.50M	286.20M	-1.01B
Net Income	302.08M	345.60M	417.00M	312.70M	14.30M	-1.28B
Balance Sheet
Total Assets	5.03B	5.08B	5.11B	4.72B	4.85B	5.16B
Cash, Cash Equivalents and Short-Term Investments	496.71M	676.30M	730.70M	635.90M	1.32B	1.50B
Total Debt	2.36B	2.32B	2.30B	2.39B	3.22B	3.75B
Total Liabilities	3.47B	3.53B	3.59B	3.64B	4.13B	4.49B
Stockholders Equity	1.50B	1.48B	1.45B	1.03B	689.70M	634.10M
Cash Flow
Free Cash Flow	389.63M	460.90M	424.10M	214.90M	361.20M	-140.30M
Operating Cash Flow	482.72M	564.80M	534.20M	277.70M	387.10M	-114.20M
Investing Cash Flow	-105.10M	-111.50M	-110.10M	-62.80M	9.40M	-26.10M
Financing Cash Flow	-575.10M	-459.70M	-347.80M	-881.10M	-551.20M	1.16B

Samsonite International SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 20 is above the 20-day moving average (MA) of 18.46, above the 50-day MA of 19.56, and above the 200-day MA of 17.44, indicating a bearish trend. The MACD of -0.88 indicates Positive momentum. The RSI at 26.72 is Positive, neither overbought nor oversold. The STOCH value of 10.29 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1910	79 Outperform	HK$22.33B	9.45	20.51%	4.23%	-3.50%	-15.16%
2683	73 Outperform	HK$510.78M	1.91	28.87%	5.45%	31.25%	147.52%
1731	73 Outperform	HK$862.40M	1.82	14.86%	9.21%	6.92%	4.74%
0210	70 Outperform	HK$761.76M	2.92	16.16%	4.60%	―	―
1023	62 Neutral	HK$490.98M	8.99	-10.55%	11.54%	-1.38%	-275.02%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1842	48 Neutral	HK$58.80M	-2.15	-5.67%	―	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.

The most recent analyst rating on (HK:1910) stock is a Hold with a HK$17.40 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

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.

The most recent analyst rating on (HK:1910) stock is a Hold with a HK$17.40 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

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.

The most recent analyst rating on (HK:1910) stock is a Hold with a HK$17.50 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

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.

The most recent analyst rating on (HK:1910) stock is a Hold with a HK$17.50 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.

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.

The most recent analyst rating on (HK:1910) stock is a Hold with a HK$17.50 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.