Added to YB: 2024-06-30
Pitch date: 2024-06-30
1910.HK [bullish]
Samsonite Group S.A.
-12.02%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
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 3.0B
Pitch Price
HKD 22.10
Price Target
N/A
Dividend
4.96%
EV/EBITDA
6.09
P/E
10.44
EV/Sales
1.39
Sector
Textiles, Apparel and Luxury Goods
Category
N/A
Samsonite ($1910.HK)
Samsonite: Global luggage leader, 15% share. $3.7B sales, 19.3% EBITDA margin. Trading 9.4x NTM P/E (1% percentile). Pursuing dual-listing, likely US. Catalysts: listing details, accelerating growth. Risks: weak consumer, promotions. HKD 44 PT (90% upside) at 17.5x 2025 FCF. 3.3% dividend, $200M buyback. Travel recovery tailwinds.
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