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1910

Samsonite InternationalSEHK:1910 Stock Report

Market Cap

HK$25.6b

7D

0.8%

1Y

111.6%

Updated

19 Oct, 2021

Data

Company Financials +
1910 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

1910 Overview

Samsonite International S.A. engages in the design, manufacture, sourcing, and distribution of travel luggage bags worldwide.

Rewards

Trading at 57.6% below our estimate of its fair value

Earnings are forecast to grow 52.6% per year

Risk Analysis

No risks detected for 1910 from our risk checks.

Samsonite International Competitors

V.F

NYSE:VFC

US$28.6b

Lands' End

NasdaqCM:LE

US$745.7m

Goblin India

BSE:542850

₹226.6m

Samsara Luggage

OTCPK:SAML

US$2.9m

Price History & Performance

Summary of all time highs, changes and price drops for Samsonite International
Historical stock prices
Current Share PriceHK$17.54
52 Week HighHK$7.65
52 Week LowHK$18.44
Beta2.4
1 Month Change22.66%
3 Month Change26.19%
1 Year Change111.58%
3 Year Change-26.15%
5 Year Change-30.81%
Change since IPO31.09%

Recent News & Updates

Oct 17
Is Samsonite International (HKG:1910) A Risky Investment?

Is Samsonite International (HKG:1910) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jul 14
Is Samsonite International (HKG:1910) Using Too Much Debt?

Is Samsonite International (HKG:1910) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

May 27
We Think Shareholders May Want To Consider A Review Of Samsonite International S.A.'s (HKG:1910) CEO Compensation Package

We Think Shareholders May Want To Consider A Review Of Samsonite International S.A.'s (HKG:1910) CEO Compensation Package

The results at Samsonite International S.A. ( HKG:1910 ) have been quite disappointing recently and CEO Kyle Gendreau...

Shareholder Returns

1910HK LuxuryHK Market
7D0.8%3.7%0.7%
1Y111.6%54.5%5.7%

Return vs Industry: 1910 exceeded the Hong Kong Luxury industry which returned 54.5% over the past year.

Return vs Market: 1910 exceeded the Hong Kong Market which returned 5.7% over the past year.

Price Volatility

Is 1910's price volatile compared to industry and market?
1910 volatility
1910 Beta2.4
Industry Beta0.94
Market Beta1

Stable Share Price: 1910 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1910's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19108,800Kyle Gendreauhttps://www.samsonite.com

Samsonite International S.A. engages in the design, manufacture, sourcing, and distribution of travel luggage bags worldwide. 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 in North America, Asia, Europe, and Latin America.

Samsonite International Fundamentals Summary

How do Samsonite International's earnings and revenue compare to its market cap?
1910 fundamental statistics
Market CapUS$3.29b
Earnings (TTM)-US$446.20m
Revenue (TTM)US$1.53b

2.1x

P/S Ratio

-7.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1910 income statement (TTM)
RevenueUS$1.53b
Cost of RevenueUS$805.50m
Gross ProfitUS$728.40m
ExpensesUS$1.17b
Earnings-US$446.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.31
Gross Margin47.49%
Net Profit Margin-29.09%
Debt/Equity Ratio521.4%

How did 1910 perform over the long term?

See historical performance and comparison

Valuation

Is Samsonite International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1910 (HK$17.54) is trading below our estimate of fair value (HK$41.41)

Significantly Below Fair Value: 1910 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1910 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Luxury industry average.

PE vs Market: 1910 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1910's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1910 is overvalued based on its PB Ratio (6.2x) compared to the HK Luxury industry average (0.8x).


Future Growth

How is Samsonite International forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

52.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1910 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 1910 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 1910's is expected to become profitable in the next 3 years.

Revenue vs Market: 1910's revenue (20.5% per year) is forecast to grow faster than the Hong Kong market (12.4% per year).

High Growth Revenue: 1910's revenue (20.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1910's Return on Equity is forecast to be high in 3 years time (30.6%)


Past Performance

How has Samsonite International performed over the past 5 years?

-60.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1910 is currently unprofitable.

Growing Profit Margin: 1910 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1910 is unprofitable, and losses have increased over the past 5 years at a rate of 60.1% per year.

Accelerating Growth: Unable to compare 1910's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1910 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (40.3%).


Return on Equity

High ROE: 1910 has a negative Return on Equity (-82.42%), as it is currently unprofitable.


Financial Health

How is Samsonite International's financial position?


Financial Position Analysis

Short Term Liabilities: 1910's short term assets ($1.8B) exceed its short term liabilities ($752.8M).

Long Term Liabilities: 1910's short term assets ($1.8B) do not cover its long term liabilities ($3.3B).


Debt to Equity History and Analysis

Debt Level: 1910's debt to equity ratio (521.4%) is considered high.

Reducing Debt: 1910's debt to equity ratio has increased from 57.7% to 521.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 1910 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 1910 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.8% per year.


Dividend

What is Samsonite International current dividend yield, its reliability and sustainability?

1.56%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1910's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1910's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1910's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1910's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1910 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1910's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Kyle Gendreau (51 yo)

3.42yrs

Tenure

US$3,300,000

Compensation

Mr. Kyle Francis Gendreau has been Chief Executive Officer and Executive Director of Samsonite International S.A. since May 31, 2018 and March 2011 respectively, where he is responsible for the overall str...


CEO Compensation Analysis

Compensation vs Market: Kyle's total compensation ($USD3.30M) is above average for companies of similar size in the Hong Kong market ($USD697.61K).

Compensation vs Earnings: Kyle's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1910's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: 1910's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Samsonite International S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Samsonite International S.A.
  • Ticker: 1910
  • Exchange: SEHK
  • Founded: 1910
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$25.602b
  • Shares outstanding: 1.44b
  • Website: https://www.samsonite.com

Number of Employees


Location

  • Samsonite International S.A.
  • 13-15 avenue de la Liberté
  • Luxembourg
  • 1931
  • Luxembourg

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 10:05
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.