Added to YB: 2024-03-03
Pitch date: 2024-03-03
1910.HK [bullish]
Samsonite International S.A.
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 International S.A. engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America.
Market Cap
HKD 4.3B
Pitch Price
N/A
Price Target
N/A
Dividend
3.54%
EV/EBITDA
6.84
P/E
10.02
EV/Sales
1.60
Sector
Textiles, Apparel and Luxury Goods
Category
special_situation
Trade Idea #2
1910.HK (new position): Long Samsonite on takeover interest (PE/mgmt buyout) after Bloomberg story; stock +20% to HKD28 but still cheap at ~9x '23 EBITDA (~$730M) & 8x '24. HK-listed Western firm at steep discount. Comps: Tumi 14x, Rimowa 2x sales. 11x EBITDA = HKD35-40, +25-40%. Risk: no deal, back to HKD23.
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