Samsonite International SA (SMSEY)
OTHER OTC:SMSEY
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Samsonite International SA
(OTC:SMSEY)
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Rating:64Neutral
Price Target:
$10.50
▼(-19.42% Downside)
Action:DowngradedDate:03/22/26
The score reflects solid underlying profitability and cash generation plus attractive valuation (low P/E and strong dividend), tempered by debt-heavy balance-sheet risk and clearly bearish technicals (below major moving averages with negative MACD). Earnings-call signals of sequential improvement and margin resilience provide some support but do not fully offset the weak price trend.
Positive Factors
Free cash flow generation
Consistent positive free cash flow (~$401M TTM, ~82% of net income) gives Samsonite durable internal funding for marketing, product investment, and debt servicing. Reliable cash conversion supports dividends and strategic reinvestment even if revenue growth is uneven.
Negative Factors
Elevated leverage
A debt-heavy capital structure (~1.5x debt-to-equity) limits financial flexibility for a consumer discretionary company. In a weaker travel cycle or unexpected cash needs, leverage constrains investment, increases interest exposure, and narrows options for strategic moves.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Consistent positive free cash flow (~$401M TTM, ~82% of net income) gives Samsonite durable internal funding for marketing, product investment, and debt servicing. Reliable cash conversion supports dividends and strategic reinvestment even if revenue growth is uneven.
Read all positive factors
Samsonite International SA (SMSEY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.62B
Dividend Yield4.13%
Average Volume (3M)1.13K
Price to Earnings (P/E)12.2
Beta (1Y)0.28
Revenue Growth-3.44%
EPS Growth-15.25%
CountryUS
Employees12,100
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)0.35
Shares Outstanding293,248,140
10 Day Avg. Volume2,873
30 Day Avg. Volume1,133
Financial Highlights & Ratios
PEG Ratio-0.97
Price to Book (P/B)2.21
Price to Sales (P/S)1.01
P/FCF Ratio8.78
Enterprise Value/Market Cap1.66
Enterprise Value/Revenue1.24
Enterprise Value/Gross Profit2.08
Enterprise Value/Ebitda5.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 tra...
How the Company Makes Money
Samsonite makes money primarily by selling travel and lifestyle bags and accessories under its brand portfolio. Revenue is generated through (1) direct-to-consumer sales, including company-operated retail stores (where it captures full retail marg...
Samsonite International SA Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a business in recovery mode, with strong sequential improvements in sales and gross margin, despite continued challenges in North America and wholesale channels. The positive trends in Asia, Europe, and the resurgence of the TUMI brand are promising, while the company continues to face headwinds in certain regions.Positive Updates
Sequential Improvement in Sales
Net sales decline improved to 1.3% in Q3 from 5.8% in Q2, with positive sales growth in August, September, and October across all regions and brands.
Negative Updates
Challenges in North America
North America's net sales were down 4.5%, mainly due to wholesale challenges and cautious purchasing behavior.
Read all updates
Q3-2025 Updates
Positive
Negative
Sequential Improvement in Sales
Net sales decline improved to 1.3% in Q3 from 5.8% in Q2, with positive sales growth in August, September, and October across all regions and brands.
Read all positive updates
Company Guidance
During the Samsonite Group's 2025 Third Quarter Results Conference Call, the company reported several key metrics indicating positive momentum. Net sales experienced a decline of 1.3% in constant currency for Q3 compared to a 5.8% decline in Q2, with notable sales growth in August, September, and October. The direct-to-consumer sales mix increased to 42% from 38.9% the previous year, showing a 3.5% increase period-over-period. E-commerce sales grew by over 10%, and company-owned store sales rose by 1.1%. Despite a 4.5% decline in the wholesale channel, e-retailer sales saw a significant increase of 12.3%. Non-travel sales also grew by nearly 7%, contributing to an overall gross margin expansion of 30 basis points year-over-year to 59.6%. The company anticipates sequential improvement in Q4 sales, driven by strong product launches and advertising campaigns, positioning itself for medium- and long-term growth amidst ongoing global travel trends.Samsonite International SA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
57
Neutral
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.51B | 3.59B | 3.68B | 2.88B | 2.02B |
| Gross Profit | 1.84B | 1.97B | 2.18B | 1.61B | 1.10B |
| EBITDA | 807.89M | 859.00M | 898.10M | 647.50M | 286.20M |
| Net Income | 289.89M | 345.70M | 417.00M | 312.70M | 14.30M |
Balance Sheet | |||||
| Total Assets | 5.32B | 5.22B | 5.11B | 4.72B | 4.85B |
| Cash, Cash Equivalents and Short-Term Investments | 649.30M | 676.30M | 716.60M | 635.90M | 1.32B |
| Total Debt | 2.37B | 2.32B | 2.30B | 2.39B | 3.22B |
| Total Liabilities | 3.65B | 3.68B | 3.59B | 3.64B | 4.13B |
| Stockholders Equity | 1.60B | 1.48B | 1.45B | 1.03B | 689.70M |
Cash Flow | |||||
| Free Cash Flow | 402.34M | 457.70M | 424.10M | 214.90M | 361.20M |
| Operating Cash Flow | 488.21M | 561.70M | 534.20M | 277.70M | 387.10M |
| Investing Cash Flow | -94.09M | -111.50M | -110.10M | -62.80M | 9.40M |
| Financing Cash Flow | -457.61M | -459.70M | -347.80M | -881.10M | -551.20M |
Samsonite International SA Technical Analysis
Negative
13.03
Price Trends
11.62
Negative
12.07
Negative
11.27
Negative
Market Momentum
-0.65
Positive
34.32
Neutral
43.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMSEY, the sentiment is Negative. The current price of 13.03 is above the 20-day moving average (MA) of 10.20, above the 50-day MA of 11.62, and above the 200-day MA of 11.27, indicating a bearish trend. The MACD of -0.65 indicates Positive momentum. The RSI at 34.32 is Neutral, neither overbought nor oversold. The STOCH value of 43.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMSEY.
Samsonite International SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $13.96B | 7.91 | 41.36% | ― | 12.38% | 18.43% | |
72 Outperform | $6.37B | 32.23 | 13.87% | ― | 18.86% | 88.29% | |
64 Neutral | $2.62B | 12.18 | 19.23% | 4.13% | -3.44% | -15.25% | |
62 Neutral | $4.20B | -57.09 | -5.37% | ― | <0.01% | -77.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $2.48B | 66.08 | 5.21% | 1.97% | 6.26% | -66.51% |
* Consumer Cyclical Sector Average
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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.