Added to YB: 2026-08-05
Pitch date: 2026-08-03
1910.HK [neutral]
Samsonite Group S.A.
-1.32%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
HKD 2.5B
Pitch Price
HKD 14.35
Price Target
N/A
Dividend
5.51%
EV/EBITDA
5.40
P/E
9.36
EV/Sales
1.21
Sector
Textiles, Apparel and Luxury Goods
Category
value
Yet another 3 interesting ideas - Samsonite Group S.A.
1910.HK (overview): World's largest luggage brand at 10x NTM P/E, ~10% FCF yield on EV (5% premium to 10y UST). Mispriced as no-growth after negative rev since Q2'24, but likely cyclical (3-4yr replacement cycle) as growth turned +4% Q1'26. TUMI hidden asset (3% CAGR, underpenetrated Asia). Possible PE takeover (Carlyle/CVC/KKR eyed in '24); ex-chair Parker 70+ w/ CVC ties motivated to sell. Watch inventory ~5.6mo.
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