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World's largest luggage and travel-bag maker, owning the Samsonite, Tumi and American Tourister brands.
World's largest luggage and travel-bag maker, owning the Samsonite, Tumi and American Tourister brands.
Sells to consumers through retailers and its own stores and websites, with owned retail and e-commerce growing as a way to protect margins. Sales are spread across Asia, Europe, North America and Latin America, and recover with air travel. Incorporated in Luxembourg and listed in Hong Kong.
Moat: narrow (brand, scale, distribution). Globally recognized multi-tier brand portfolio (Samsonite, Tumi, American Tourister) with broad retail distribution across price points.
Headquarters: Hong Kong / Luxembourg · Founded: 1910 · Employees: 11,500
Size Samsonite (1910.HK) is a Hong Kong Consumer Discretionary company (Other Consumer Specialties) with a market value of $2.52B, the 377th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$14.23 on 6 Nov 2026.
Performance Over six months the shares fell 5.8%, against -17.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th highest of 18 in its peer set.
Growth Revenue grew 1.3% over the last twelve months (peer median +15.2%); the operating margin is 14.9% (peer median 12.1%).
Valuation It trades at 10.3× forward earnings against a peer median of 24.8× (3rd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -30 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.3 points above its cost of capital (5.9% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$27.5B | HK$27.3B | HK$28.0B | HK$28.8B | HK$22.5B |
| Revenue growth | — | -3% | -3% | +28% | — |
| Gross profit | HK$16.5B | HK$14.3B | HK$15.4B | HK$15.7B | HK$11.2B |
| EBITDA | HK$6.20B | HK$6.28B | HK$6.67B | HK$6.70B | HK$4.66B |
| Net income | HK$2.04B | HK$2.25B | HK$2.70B | HK$3.11B | HK$2.45B |
| Free cash flow | HK$3.85B | HK$3.13B | HK$3.57B | HK$3.27B | HK$1.77B |
| Capital expenditure | HK$759M | HK$731M | HK$870M | HK$862M | HK$492M |
| Total debt | HK$18.3B | HK$18.4B | HK$18.0B | HK$17.9B | HK$18.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Samsonite 1910.HK | $2.52B | -6% | +1% | 15% | 10.3× | -12.2% |
| V.F VFC | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% |
| LVMH Moet Hennessy Louis Vuitton MC.PA | $226B | -11% | -4% | 22% | 18.6× | 10.2% |
| Safari Industries (India) SAFARI.NS | $651M | -18% | +14% | 9% | 32.9× | 31.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1910.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | -2.8% | 4th highest of 19 |
| 6-month return | -5.8% | -17.1% | 9th highest of 18 |
| Distance from 52-week high | -35.3% | -40.2% | 9th highest of 19 |
| Revenue growth (TTM) | +1.3% | +15.2% | 4th lowest of 19 |
| Operating margin | 14.9% | 12.1% | 6th highest of 19 |
| Forward P/E | 10.3× | 24.8× | 3rd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -12.2% | 24.3% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +18.0% | +22.0% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | -30.2 pp | -12.2 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +7.3 pp | +3.0 pp | 7th highest of 18 |
| EV / EBITDA | 5.4× | 19.4× | 2nd cheapest of 13 |
| Net debt / EBITDA | 2.1× | 0.1× | most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Samsonite 1910.HK | Hong Kong | $2.52B | -6% | +1% | 15% | 10.3× | -12.2% | +18.0% |
| Lao Feng Xiang 600612.SS | China | $2.04B | -17% | -40% | 6% | 17.2× | -16.9% | +0.4% |
| China National Gold Group Gold Jewellery 600916.SS | China | $1.80B | -20% | -9% | 0% | 28.6× | 24.2% | +15.6% |
| PC Jeweller PCJEWELLER.NS | India | $1.63B | +67% | +29% | 24% | n/a | n/a | n/a |
| Sky Gold and Diamonds SKYGOLD.NS | India | $1.56B | +92% | +73% | 7% | 31.5× | n/a | n/a |
| Savaria SIS.TO | Canada | $1.53B | +3% | +7% | 14% | 19.9× | 9.3% | +20.8% |
| Thangamayil Jewellery THANGAMAYL.NS | India | $1.37B | +1% | +78% | 6% | 29.4× | 28.5% | +36.1% |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 29.7× | n/a | n/a |
| Seiko 8050.T | Japan | $4.71B | +54% | +16% | 11% | 21.0× | 24.4% | +10.6% |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 124.3× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 20.6× | n/a | n/a |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 10.8× | -11.5% | +23.9% |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | n/a | 26.5% | -25.9% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |
| Laopu Gold 6181.HK | Hong Kong | $6.84B | -48% | +109% | 27% | 6.9× | n/a | n/a |
| Timex Group India TIMEX.NS | India | $750M | +90% | +42% | 15% | 60.5× | 25.7% | +41.7% |
| Safari Industries (India) SAFARI.NS | India | $651M | -18% | +14% | 9% | 32.9× | 31.3% | +44.2% |
| Zhou Liu Fu Jewellery 6168.HK | Hong Kong | $632M | -42% | +2% | 19% | 5.0× | n/a | n/a |