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AGS

Hour GlassSGX:AGS Stock Report

Last Price

S$1.89

Market Cap

S$1.3b

7D

-3.1%

1Y

134.8%

Updated

26 Jan, 2022

Data

Company Financials
AGS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

AGS Stock Overview

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.

Price History & Performance

Summary of all time highs, changes and price drops for Hour Glass
Historical stock prices
Current Share PriceS$1.89
52 Week HighS$2.30
52 Week LowS$0.79
Beta0.77
1 Month Change-7.81%
3 Month Change1.61%
1 Year Change134.78%
3 Year Change202.40%
5 Year Change200.00%
Change since IPO2,031.62%

Recent News & Updates

Dec 02
I Ran A Stock Scan For Earnings Growth And Hour Glass (SGX:AGS) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Hour Glass (SGX:AGS) Passed With Ease

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Nov 17
Does Hour Glass (SGX:AGS) Have A Healthy Balance Sheet?

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...

Jul 30
Return Trends At Hour Glass (SGX:AGS) Aren't Appealing

Return Trends At Hour Glass (SGX:AGS) Aren't Appealing

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

AGSSG Specialty RetailSG Market
7D-3.1%-3.5%-1.1%
1Y134.8%56.5%4.0%

Return vs Industry: AGS exceeded the SG Specialty Retail industry which returned 56.5% over the past year.

Return vs Market: AGS exceeded the SG Market which returned 4% over the past year.

Price Volatility

Is AGS's price volatile compared to industry and market?
AGS volatility
AGS Average Weekly Movement5.1%
Specialty Retail Industry Average Movement7.2%
Market Average Movement4.5%
10% most volatile stocks in SG Market11.9%
10% least volatile stocks in SG Market2.1%

Stable Share Price: AGS is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AGS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979n/aMichael Tayhttps://www.thehourglass.com

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. It also invests in properties. The company operates 45 boutiques.

Hour Glass Fundamentals Summary

How do Hour Glass's earnings and revenue compare to its market cap?
AGS fundamental statistics
Market CapS$1.29b
Earnings (TTM)S$115.30m
Revenue (TTM)S$927.00m

11.2x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGS income statement (TTM)
RevenueS$927.00m
Cost of RevenueS$645.61m
Gross ProfitS$281.39m
ExpensesS$166.08m
EarningsS$115.30m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin30.35%
Net Profit Margin12.44%
Debt/Equity Ratio17.3%

How did AGS perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

37%

Payout Ratio

Valuation

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 (SGD1.89) is trading below our estimate of fair value (SGD9.81)

Significantly Below Fair Value: AGS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AGS is poor value based on its PE Ratio (11.2x) compared to the SG Specialty Retail industry average (10.8x).

PE vs Market: AGS is good value based on its PE Ratio (11.2x) compared to the SG market (12.8x).


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 overvalued based on its PB Ratio (1.9x) compared to the SG Specialty Retail industry average (1.2x).


Future Growth

How is Hour Glass forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

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.


Past Performance

How has Hour Glass performed over the past 5 years?

15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGS has high quality earnings.

Growing Profit Margin: AGS's current net profit margins (12.4%) are higher than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: AGS's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: AGS's earnings growth over the past year (62.9%) exceeds its 5-year average (15.9% per year).

Earnings vs Industry: AGS earnings growth over the past year (62.9%) underperformed the Specialty Retail industry 62.9%.


Return on Equity

High ROE: AGS's Return on Equity (17%) is considered low.


Financial Health

How is Hour Glass's financial position?


Financial Position Analysis

Short Term Liabilities: AGS's short term assets (SGD526.4M) exceed its short term liabilities (SGD236.2M).

Long Term Liabilities: AGS's short term assets (SGD526.4M) exceed its long term liabilities (SGD79.4M).


Debt to Equity History and Analysis

Debt Level: AGS has more cash than its total debt.

Reducing Debt: AGS's debt to equity ratio has increased from 12% to 17.3% over the past 5 years.

Debt Coverage: AGS's debt is well covered by operating cash flow (165.3%).

Interest Coverage: AGS's interest payments on its debt are well covered by EBIT (47.6x coverage).


Balance Sheet


Dividend

What is Hour Glass's current dividend yield, its reliability and sustainability?

3.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AGS's dividend (3.17%) is higher than the bottom 25% of dividend payers in the SG market (2.07%).

High Dividend: AGS's dividend (3.17%) is low compared to the top 25% of dividend payers in the SG market (5.48%).


Stability and Growth of Payments

Stable Dividend: AGS's dividend payments have been volatile 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 (36.5%), 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?

1.3yrs

Average management tenure


CEO

Michael Tay (46 yo)

1.75yrs

Tenure

Mr. Wee Jin Tay, also known as Michael, has been a Group Managing Director of Hour Glass Ltd. since April 1, 2020. Mr. Tay served as Deputy General Manager of Hour Glass Ltd.since April 2004. He joined Ho...


Leadership Team

Experienced Management: AGS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: AGS's board of directors are seasoned and experienced ( 10.8 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 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
  • Implied Market Cap: S$1.287b
  • Shares outstanding: 684.78m
  • Website: https://www.thehourglass.com

Location

  • The Hour Glass Limited
  • No. 11-01 Tong Building
  • 302 Orchard Road
  • Singapore
  • 238862
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 11:01
End of Day Share Price2022/01/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.