Does Hour Glass (SGX:AGS) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Singaporean (SGX) Consumer Discretionary Sector Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies75
- 7D-3.5%
- 3M6.4%
- 1Y10.4%
- YTD8.4%
Over the last 7 days, the Consumer Discretionary industry has dropped 2.6%, driven by pullbacks in Genting Singapore and Jardine Cycle & Carriage of 5.4% and 6.0%, respectively. This takes the industry's 12 month performance to a gain of 8.4%.
Sector Valuation and Performance
Has the Singaporean Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 30 Nov 2021 | S$32.8b | S$30.2b | S$768.7m | 13.2x |
| Thu, 28 Oct 2021 | S$32.7b | S$28.4b | S$701.9m | 14.9x |
| Sat, 25 Sep 2021 | S$29.9b | S$28.4b | S$699.9m | 13x |
| Mon, 23 Aug 2021 | S$31.0b | S$28.3b | S$702.6m | 12.4x |
| Sat, 10 Jul 2021 | S$32.4b | S$28.3b | S$702.6m | 13.5x |
| Fri, 02 Apr 2021 | S$32.7b | S$27.0b | S$352.9m | 12.4x |
| Mon, 04 Jan 2021 | S$29.8b | S$25.4b | -S$36,578,952.09 | 11.9x |
| Thu, 08 Oct 2020 | S$26.4b | S$28.7b | S$328.3m | 13x |
| Wed, 01 Jul 2020 | S$28.2b | S$32.0b | S$912.5m | 12.7x |
| Sat, 04 Apr 2020 | S$25.9b | S$35.3b | S$1.5b | 14.1x |
| Tue, 07 Jan 2020 | S$36.6b | S$36.8b | S$2.4b | 15.6x |
| Mon, 30 Sep 2019 | S$35.5b | S$37.9b | S$2.3b | 13.2x |
| Thu, 04 Jul 2019 | S$39.1b | S$37.9b | S$2.2b | 15.1x |
| Sun, 07 Apr 2019 | S$39.6b | S$38.0b | S$2.1b | 16.9x |
| Wed, 09 Jan 2019 | S$39.6b | S$38.1b | S$1.9b | 15.9x |
PE Ratio
13.9x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 14.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Consumer Discretionary industry have declined 34% per year over the last three years, and revenues have also declined 7.1% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Singaporean Consumer Discretionary sector?
| Specialty Stores | 1.60% | |
| Consumer Durables | 0.90% | |
| Consumer Services | -0.52% | |
| General Merchanise and Department Stores | -1.34% | |
| Online Retail and Ecommerce | -2.04% | |
| Luxury | -2.56% | |
| Leisure | -3.19% | |
| Hospitality | -3.50% | |
| Retail Distributors | -5.81% | |
Industry PE: Investors are most optimistic about the Consumer Durables industry which is trading above its 3-year average PE ratio of 51.6x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Leisure industry, which is trading below its 3-year average of 18.1x.
Forecasted Growth: Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 29% over the next 5 years. However this is lower than its past earnings growth rate of 94% per year. Meanwhile, the Specialty Stores industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| AGS Hour Glass | 4.3%+S$61.9m | 178.7% | PE12.9x | |
| 1D0 Kimly | 3.8%+S$18.6m | 38.3% | PE13.1x | |
| H18 Hotel Grand Central | 2.0%+S$14.8m | 4.0% | PE18.4x | |
| Y45 SMI Vantage | -7.6%S$8.7m | 226.9% | PS3.2x | |
| 42R Jumbo Group | 3.3%+S$6.4m | -4.5% | PS2.5x |
