Added to YB: 2024-03-07
Pitch date: 2024-03-06
1910.HK [bullish]
Samsonite International S.A.
-47.08%
current return
Author Info
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
HKD 24.75
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
The curious case of Samsonite - $HKG:1910
1910.HK rumored U.S. relist draw buyout int. Undervalued @9.6x EBITDA, post-Covid ops boost margins. 59% gross margin, 16% EBITDA margin, 56% EBITDA to FCF. Compares to Tapestry, Hugo Boss' 8-11x, w/ NYSE listing & div resumption possibly upping value. Timothy Parker 4.2% hints CVC interest; scarcity as standalone luggage player.
Read full article (5 min)