Executive Summary
The Hour Glass Limited, an investment holding company, retails and distributes watches, jewelry, and other luxury products in South East Asia, Australia, and North East Asia.
Rewards
Risk Analysis
No risks detected for AGS from our risk checks.
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Hour Glass's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AGS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
AGS
-0.1%
SG Specialty Retail
1.4%
SG Market
1 Year Return
21.1%
AGS
-1.2%
SG Specialty Retail
-2.4%
SG Market
Return vs Industry: AGS exceeded the SG Specialty Retail industry which returned -1.9% over the past year.
Return vs Market: AGS exceeded the SG Market which returned -1.8% over the past year.
Shareholder returns
| AGS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -0.1% | 1.4% |
| 30 Day | -3.7% | -2.4% | -2.9% |
| 90 Day | -5.5% | 0.8% | -1.1% |
| 1 Year | 25.6%21.1% | 1.3%-1.2% | 1.5%-2.4% |
| 3 Year | 31.3%19.2% | -9.6%-17.2% | 9.7%-1.9% |
| 5 Year | 23.0%6.2% | -30.2%-37.4% | 9.5%-8.9% |
Price Volatility Vs. Market
How volatile is Hour Glass's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 hours ago | Simply Wall St
Do Directors Own The Hour Glass Limited (SGX:AGS) Shares?1 week ago | Simply Wall St
These 4 Measures Indicate That Hour Glass (SGX:AGS) Is Using Debt Safely3 weeks ago | Simply Wall St
Hour Glass (SGX:AGS) Shareholders Booked A 26% Gain In The Last Three YearsValuation
Is Hour Glass undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AGS (SGD0.78) is trading below our estimate of fair value (SGD3.65)
Significantly Below Fair Value: AGS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AGS is good value based on its PE Ratio (7x) compared to the Specialty Retail industry average (10.4x).
PE vs Market: AGS is good value based on its PE Ratio (7x) compared to the SG market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AGS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AGS is good value based on its PB Ratio (0.9x) compared to the SG Specialty Retail industry average (0.9x).
Next Steps
Future Growth
How is Hour Glass forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.5%
Forecasted Retail industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hour Glass has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Hour Glass is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Hour Glass competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
Past Performance
How has Hour Glass performed over the past 5 years?
6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGS has high quality earnings.
Growing Profit Margin: AGS's current net profit margins (10.3%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: AGS's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: AGS's earnings growth over the past year (21.6%) exceeds its 5-year average (6.2% per year).
Earnings vs Industry: AGS earnings growth over the past year (21.6%) exceeded the Specialty Retail industry -5.6%.
Return on Equity
High ROE: AGS's Return on Equity (13.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Hour Glass's financial position?
Financial Position Analysis
Short Term Liabilities: AGS's short term assets (SGD496.5M) exceed its short term liabilities (SGD122.5M).
Long Term Liabilities: AGS's short term assets (SGD496.5M) exceed its long term liabilities (SGD85.8M).
Debt to Equity History and Analysis
Debt Level: AGS's debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: AGS's debt to equity ratio has reduced from 19.3% to 5.2% over the past 5 years.
Debt Coverage: AGS's debt is well covered by operating cash flow (348.2%).
Interest Coverage: AGS's interest payments on its debt are well covered by EBIT (101.7x coverage).
Balance Sheet
Inventory Level: AGS has a high level of physical assets or inventory.
Debt Coverage by Assets: AGS's debt is covered by short term assets (assets are 15.8x debt).
Next Steps
Dividend
What is Hour Glass's current dividend yield, its reliability and sustainability?
3.87%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AGS's dividend (3.87%) is higher than the bottom 25% of dividend payers in the SG market (2.53%).
High Dividend: AGS's dividend (3.87%) is low compared to the top 25% of dividend payers in the SG market (5.71%).
Stability and Growth of Payments
Stable Dividend: AGS's dividends per share have been stable in the past 10 years.
Growing Dividend: AGS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.1%), AGS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.3yrs
Average management tenure
CEO
Kenny Chan (66yo)
10.7yrs
Tenure
Dr. Swee Kheng Chan, also known as Kenny, has been the Group Managing Director of Hour Glass Limited since June 2009. Dr. Chan served as the Group Chief Operating Officer of Hour Glass Ltd. since July 1, 2 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 32.3yrs | no data | 9.35% SGD51.1m | |
| Group MD & Executive Director | 10.7yrs | no data | 0.45% SGD2.5m | |
| Group MD & Executive Director | 14.5yrs | no data | 3.8% SGD20.8m | |
| Chief Financial Officer | 11.8yrs | no data | no data | |
| Group General Manager | 0yrs | no data | no data | |
| Company Secretary | 0yrs | no data | no data | |
| Managing Director of the Hour Glass (HK) Limited | 0yrs | no data | no data | |
| Managing Director of Glajz-THG Pte Ltd | 0yrs | no data | no data | |
| GM of the Hour Glass Japan Ltd & Director of the Hour Glass Japan Ltd | 0yrs | no data | no data |
11.3yrs
Average Tenure
58yo
Average Age
Experienced Management: AGS's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 32.3yrs | no data | 9.35% SGD51.1m | |
| Group MD & Executive Director | 10.7yrs | no data | 0.45% SGD2.5m | |
| Group MD & Executive Director | 14.5yrs | no data | 3.8% SGD20.8m | |
| GM of the Hour Glass Japan Ltd & Director of the Hour Glass Japan Ltd | 0yrs | no data | no data | |
| Lead Independent Non-Executive Director | 6.6yrs | no data | no data | |
| Independent Non-Executive Director | 8.8yrs | no data | no data | |
| Independent Non Executive Director | 2.8yrs | no data | no data | |
| Independent Non-Executive Director | 2.3yrs | no data | no data |
8.8yrs
Average Tenure
55yo
Average Age
Experienced Board: AGS's board of directors are considered experienced (8.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Hour Glass Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: The Hour Glass Limited
- Ticker: AGS
- Exchange: SGX
- Founded: 1979
- Industry: Specialty Stores
- Sector: Retail
- Market Cap: S$546.384m
- Shares outstanding: 705.01m
- Website: https://www.thehourglass.com
Location
- The Hour Glass Limited
- No. 11-01 Tong Building
- 302 Orchard Road
- Singapore
- 238862
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AGS | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jan 1992 |
Biography
The Hour Glass Limited, an investment holding company, retails and distributes watches, jewelry, and other luxury products in South East Asia, Australia, and North East Asia. The company also invests in properties. It operates 40 boutiques. The company was founded in 1979 and is based in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 12:48 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.