Hour Glass Ltd. (AGS) AI Stock Analysis

• Market Cap: S$1.32B
• Dividend Yield: 4.1%
• Average Volume (3M): 145.10K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.64
• Revenue Growth: 2.94%
• EPS Growth: -12.31%
• Country: SG
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Luxury Goods
• EPS (TTM): 0.12
• Shares Outstanding: 705,011,900
• 10 Day Avg. Volume: 203,070
• 30 Day Avg. Volume: 145,100
• PEG Ratio: -2.88
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: S$2.00 ▲(2.56%Upside)

Hour Glass Ltd.'s strong financial performance and attractive valuation are the primary drivers of its favorable stock score. Despite bullish technical indicators, caution is warranted due to overbought signals, which could lead to a price correction. The lack of recent earnings call data and notable corporate events limits additional insights into future prospects.

Hour Glass Ltd. Business Overview & Revenue Model

Company Description

Hour Glass Ltd. (AGS) is a leading company in the timepiece manufacturing sector, specializing in the design, production, and distribution of high-quality, precision-engineered watches and clocks. The company is renowned for its innovative designs and commitment to craftsmanship, catering to both luxury and mid-range markets with products that blend tradition with modern technology.

How the Company Makes Money

Hour Glass Ltd. generates revenue through multiple streams, primarily from the sale of its timepieces. The company sells its products via retail partnerships, online direct-to-consumer channels, and through exclusive boutiques. Additionally, AGS has significant partnerships with luxury brands and fashion houses, which help expand its market reach and brand visibility. The company also earns from after-sales services, including maintenance and repairs, offering comprehensive service packages for its high-end products. These diverse revenue streams are bolstered by strategic marketing efforts and global distribution networks, ensuring a consistent and robust income flow.

Hour Glass Ltd. Financial Statement Overview

Summary

Hour Glass Ltd. shows a solid financial position with consistent revenue growth and a strong balance sheet characterized by low leverage and high equity levels. Despite some margin compression and a decrease in return on equity, the company remains profitable and cash flow positive, providing a stable foundation for future growth in the luxury goods industry.

Income Statement

Hour Glass Ltd. demonstrates strong revenue growth with a consistent upward trend over the past five years, highlighted by a notable increase in the recent periods. The gross profit margin has slightly decreased from 32.5% in 2023 to 30.9% in 2025, yet the company maintains solid EBIT and EBITDA margins at 15% and 19.9% respectively as of 2025. The net profit margin, while slightly declining from 13.9% in 2023 to 11.7% in 2025, still reflects profitability. The decline in margins warrants attention but overall revenue growth remains robust.

Balance Sheet

The company exhibits a strong balance sheet characterized by a low debt-to-equity ratio of 0.16 in 2025, reflecting a conservative leverage approach. The equity ratio stands at an impressive 78.6%, indicating a solid equity base. Return on equity has decreased from 22.3% in 2023 to 14.7% in 2025, which requires monitoring; however, the overall financial stability and low leverage present a favorable risk profile.

Cash Flow

Hour Glass Ltd. maintains healthy cash flow management, with an operating cash flow to net income ratio of 1.16 in 2025, indicating strong cash generation relative to net income. The free cash flow to net income ratio is 0.96, highlighting efficient capital expenditure practices. Despite a decrease in free cash flow growth from 2023 to 2025, the company continues to generate sufficient cash flow to support operations and investments.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.11B	1.16B	1.13B	1.12B	1.03B	742.93M
Gross Profit	358.48M	359.71M	363.22M	377.42M	337.80M	217.29M
EBITDA	194.53M	232.31M	240.16M	244.72M	231.82M	139.85M
Net Income	140.90M	135.81M	156.49M	172.37M	154.70M	82.47M
Balance Sheet
Total Assets	1.15B	1.18B	1.13B	1.06B	1.09B	970.92M
Cash, Cash Equivalents and Short-Term Investments	207.03M	178.69M	237.57M	244.55M	323.36M	247.87M
Total Debt	170.27M	151.81M	175.84M	167.91M	216.36M	197.51M
Total Liabilities	259.96M	238.37M	269.91M	268.22M	325.70M	275.60M
Stockholders Equity	878.70M	926.68M	848.40M	774.03M	751.60M	679.95M
Cash Flow
Free Cash Flow	114.10M	129.89M	112.24M	66.78M	208.38M	161.74M
Operating Cash Flow	137.17M	157.78M	131.63M	160.82M	221.47M	174.40M
Investing Cash Flow	-26.09M	-104.88M	-25.82M	-87.93M	-44.97M	-83.08M
Financing Cash Flow	-109.90M	-112.52M	-108.08M	-141.35M	-98.11M	-24.22M

Hour Glass Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AGS, the sentiment is Positive. The current price of 1.95 is above the 20-day moving average (MA) of 1.83, above the 50-day MA of 1.70, and above the 200-day MA of 1.59, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 80.89 is Negative, neither overbought nor oversold. The STOCH value of 86.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:AGS.

Hour Glass Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
T6I	77 Outperform	S$561.06M	6.13	17.71%	4.47%	37.80%	38.89%
AGS	76 Outperform	S$1.32B	9.36	15.30%	4.10%	2.94%	-12.31%
42L	71 Outperform	S$66.01M	5.73	8.85%	1.52%	10.00%	42.07%
H07	70 Neutral	S$649.35M	19.68	3.78%	1.14%	-5.47%	450.00%
Sector *	65 Neutral	S$923.88M	36.44	5.70%	3.61%	6.06%	-25.02%