It is the second case I buy for this device. I compare it to the black one from Samsung (Samsung Flip Cover & Spen Black Galaxy Z Fold 3) which also includes the pen. There is no comparison in terms of quality, it does not have a case for the pen (something you obviously know already), it does not have the pen (which you also know, but I mention it because it essentially gives you less), and in terms of quality and durability, it is not comparable. The brown strap is essentially useless in the upright position of the device as I thought, as it is very soft. The material of the case is not as good as it seems. Overall, I think (as soon as I received it, if I change my mind I will write an update) that it is not worth the money it costs and I believe that because it is soft leather, it will quickly get marks. I had the same case (original Samsung) for the note 20 ultra and it was not comparable. What a shame.
Update: after 3 days of use, it has small marks all over. It is not worth the money it costs.