Samsonite International SA
01910: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$72.00 | Jytnjw | Bnslbfbyk |
Samsonite Earnings: Management Again Lifts Margin Guidance, Shared Encouraging July Trends
Narrow-moat Samsonite’s second-quarter revenue came slightly below our expectations, but margins were ahead. Management lifted full-year adjusted EBITDA margin guidance to 19% from 18%, reaffirming our bullish near-term view. Overall, we maintain our HKD 27 fair value estimate and note that shares are trading just slightly undervalued, so buyers may want a larger margin of safety before investing in Samsonite shares.