Samsonite‘s adjusted net income for 1Q exceeded the estimates, with a reported value of $87.1 million, against the expected $85.2 million.
Net sales were $859.6 million, which came in slightly lower than the estimated $895.8 million.
Net income was reported to be $82.9 million.
The adjusted Ebitda for the period was $161.2 million.
Among the analysts, Samsonite received 17 ‘buy’ ratings, 1 ‘hold’, and no ‘sell’ ratings.
Samsonite on Smartkarma
Analyst coverage of Samsonite on Smartkarma has been quite positive recently. David Blennerhassett, in the report “Last Week in Event SPACE,” noted that Samsonite‘s pursuit of a dual listing has put a potential buyout on hold for now. Additionally, in the report “Samsonite (1910 HK): Dual-Listing Musings,” the analyst mentioned that a secondary NASDAQ listing could be preferred, hinting at possible future developments for the company.
Moreover, Arun George‘s report “Samsonite (1910 HK): Evaluating a Potential Privatisation” highlighted the medium probability of an offer for Samsonite, with a potential offer price around HK$30.00. Despite the uncertainty, the analyst emphasized the undemanding valuation of Samsonite, suggesting potential upside for investors in the future.
A look at Samsonite Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Samsonite International SA, a company known for designing, manufacturing, and distributing luggage products, has received a mixed bag of Smart Scores reflecting its long-term outlook. While scoring high in Growth and Momentum with a rating of 4 in both categories, indicating a favorable trajectory and strong market performance, Samsonite falls short in Dividend and Resilience with scores of 1 and 2, respectively. The Value score stands at 3, showcasing a moderate valuation perspective. Despite the lower scores in Dividend and Resilience, the company’s robust Growth and Momentum scores suggest a positive overall outlook going forward.
In addition to its core focus on luggage, Samsonite also engages in licensing its trademarks for various other products like travel accessories, leather goods, handbags, clothing, and furniture, diversifying its revenue streams. With a strong emphasis on growth and market momentum, Samsonite seems poised for expansion and continued success in the competitive consumer goods industry, leveraging its reputation and branding in the global marketplace.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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