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Hour Glass Ltd. (AGS) AI Stock Analysis
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Hour Glass Ltd.
(SGX:AGS)
The score is driven primarily by strong fundamentals (robust cash generation and conservative leverage) and an attractive valuation (low P/E with a dividend). Technicals are supportive with an upward trend and moderate momentum, while margin compression—especially the sharp decline in gross margin—remains the key risk limiting the overall score.
Hour Glass Ltd. (AGS) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 1.66B
- Dividend Yield
- 2.33%
- Average Volume (3M)
- 219.86K
- Price to Earnings (P/E)
- 9.2
- Beta (1Y)
- 0.53
- Revenue Growth
- 15.08%
- EPS Growth
- 32.76%
- Country
- Singapore
- Employees
- 226
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Luxury Goods
Hour Glass Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding enterprise, The Hour Glass Limited specializes in the retail and distribution of high-end watches, fine jewelry, and other luxury items. Its market reach extends across Southeast Asia, Australia, and Northeast Asia....
How the Company Makes Money
Hour Glass Ltd. makes money primarily by selling luxury watches to consumers through its boutiques and retail operations. Revenue is generated when the company purchases watches from brand principals or authorized suppliers (or, where applicable, dis...
Hour Glass Ltd. Financial Statement Overview
Summary
Strong and improving cash generation (2026 operating cash flow ~225M; free cash flow ~193.8M, ~86% of net income) and conservative leverage (debt-to-equity ~0.20) support a healthy fundamentals score. Revenue has grown steadily (to ~1,338.2M in 2026) with solid net margins (~13.4%), but notable gross margin compression (to ~20.5% in 2026 from ~30–34% in 2022–2025) and some year-over-year debt increase temper the score.
Income Statement
74PositiveBalance Sheet
78PositiveCash Flow
81Very Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.34B | 1.34B | 1.16B | 1.13B | 1.12B | 1.03B |
| Gross Profit | 274.17M | 274.17M | 359.71M | 363.22M | 377.42M | 337.80M |
| EBITDA | 255.67M | 248.69M | 232.31M | 255.74M | 244.72M | 231.82M |
| Net Income | 179.43M | 179.43M | 135.81M | 156.49M | 172.37M | 154.70M |
Balance Sheet | ||||||
| Total Assets | 1.44B | 1.44B | 1.18B | 1.13B | 1.06B | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 157.53M | 157.53M | 178.69M | 237.57M | 244.55M | 323.36M |
| Total Debt | 209.35M | 209.35M | 151.81M | 175.84M | 167.91M | 216.36M |
| Total Liabilities | 358.90M | 358.90M | 238.37M | 269.91M | 268.22M | 325.70M |
| Stockholders Equity | 1.07B | 1.07B | 926.68M | 848.40M | 774.03M | 751.60M |
Cash Flow | ||||||
| Free Cash Flow | 193.79M | 193.79M | 129.89M | 112.24M | 66.78M | 208.38M |
| Operating Cash Flow | 225.03M | 225.03M | 157.78M | 131.63M | 160.82M | 221.47M |
| Investing Cash Flow | -108.95M | -108.95M | -104.88M | -25.82M | -87.93M | -44.97M |
| Financing Cash Flow | -145.42M | -145.42M | -112.52M | -108.08M | -141.35M | -98.11M |
Hour Glass Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AGS, the sentiment is Negative. The current price of 2.58 is below the 20-day moving average (MA) of 2.61, below the 50-day MA of 2.73, and above the 200-day MA of 2.52, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 43.79 is Neutral, neither overbought nor oversold. The STOCH value of 78.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:AGS.
Hour Glass Ltd. Peers Comparison
Overall Rating
- SG:AGS78Outperform
SG:42L68Neutral
SG:5UF65Neutral
SG:A3059Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:AGS | 78Outperform | SGD 1.66B | 9.21 | 17.57% | 2.33% | 15.08% | 32.76% |
| SG:42L | 68Neutral | SGD 106.85M | 4.72 | 14.92% | 1.40% | 59.15% | 80.80% |
| SG:5UF | 65Neutral | SGD 620.15M | 0.11 | 28.93% | 5.66% | 31.78% | 168.13% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| SG:A30 | 59Neutral | SGD 352.73M | 11.23 | 7.71% | 3.87% | 22.58% | 54.44% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:AGS | Hour Glass Ltd. | 2.58 | 0.56 | 27.66% | |
| SG:5UF | Aspial Lifestyle Ltd | 0.30 | 0.10 | 47.06% | |
| SG:42L | Taka Jewellery Holdings Ltd. | 0.19 | 0.05 | 34.51% | |
| SG:5WJ | MoneyMax Financial Services Ltd. | 0.45 | 0.14 | 46.58% | |
| SG:A30 | Aspial Corporation Limited | 0.15 | 0.05 | 47.62% | |
| SG:C41 | Cortina Holdings Limited | 4.08 | 0.81 | 24.77% |
Hour Glass Ltd. Corporate Events
Hour Glass Wins Strong Shareholder Backing at 47th AGM
Hour Glass Ltd. held its 47th annual general meeting in Singapore, where shareholders approved the adoption of the directors’ statement, auditor’s report and audited financial statements for the year ended 31 March 2026, with all resoluti...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 26, 2026