Samsonite International Valuation

Samsonite International operates in the travel products sector. In this valuation, I did not cover all details due to time constraints caused by my studies. Instead of using reinvestments and ROE or preparing detailed revenue and cost schedules, I based my future growth rate assumptions on past growth years, making some adjustments to past averages to ensure reasonable projections.

I used both the exit multiples method and the perpetuity model to determine the terminal value, applying a weighted average depending on the business sector. Additionally, I assumed that amortization and reinvestment grow at a constant rate, equal to the average growth rate of total costs (excluding COGS) from past years.

I did not add non-operational assets to the enterprise value while calculating equity value.

The valuation is attached in an Excel file.