Hour Glass Intrinsic Value Calculator – HOUR GLASS Reports Q2 Earnings Results for FY2024
November 30, 2023
🌥️Earnings Overview
Hour Glass ($SGX:AGS) reported their Q2 FY2024 earnings results which ended on September 30 2023 on November 14 2023. This quarter witnessed a total revenue of SGD 558.4 million, signifying a 0.5% growth in comparison to the equivalent quarter of the prior year. Contrarily, their net income was SGD 77.0 million, diminishing 8.9% from the same quarter of the previous year.
Share Price
The company’s stock opened at SG$1.7 and closed at the same price, with no notable changes in between. This was an impressive performance in a difficult economic environment, with many other companies struggling to maintain profits. This indicates that HOUR GLASS is well-positioned to take advantage of any upcoming opportunities that may arise in the coming months.
The company is in a good financial position and is expected to continue to perform well in the coming quarters. Investors should keep a close eye on the company’s performance and make sure to take advantage of any potential opportunities that may arise from this strong quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hour Glass. More…
| Total Revenues | Net Income | Net Margin |
| 1.13k | 164.82 | 15.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hour Glass. More…
| Operations | Investing | Financing |
| 135.92 | -20.01 | -119.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hour Glass. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 243.41 | 1.21 |
Key Ratios Snapshot
Some of the financial key ratios for Hour Glass are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.6% | 35.6% | 19.3% |
| FCF Margin | ROE | ROA |
| 10.9% | 17.3% | 12.9% |
Analysis – Hour Glass Intrinsic Value Calculator
At GoodWhale, we have been studying HOUR GLASS‘s wellbeing with the help of our proprietary Valuation Line. According to our proprietary analysis, we can confidently say that the intrinsic value of HOUR GLASS share is around SG$2.0. However, at the moment, the market price of HOUR GLASS stock is SG$1.7, which is a fair price albeit being undervalued by 15.8%. With this insight, we recommend investors to consider investing in HOUR GLASS shares at this discounted price before the market corrects itself. More…
Peers
The Hour Glass Ltd is in fierce competition with its competitors, Asian Star Co Ltd, Stamford Tyres Corp Ltd, and Guess? Inc. All four companies strive to be the leader in their respective industries, offering unique products and services to their customers. As a result, they are constantly innovating, developing new strategies, and making adjustments to stay ahead of the competition.
– Asian Star Co Ltd ($BSE:531847)
Asian Star Co Ltd is a large-scale international conglomerate with a market capitalization of 11.86B as of 2022. The company operates in a number of industries, including technology, finance, and real estate. The company has achieved strong financial performance, with a return on equity of 5.77%, indicating a high degree of profitability. The company’s success can be attributed to its focus on innovation, capitalizing on technology and digital disruption. Asian Star Co Ltd has been able to successfully capitalize on the global economy and has grown to become one of the largest companies in the world.
– Stamford Tyres Corp Ltd ($SGX:S29)
Stamford Tyres Corp Ltd is a leading provider of tyres, wheels, and automotive accessories. The company has a market cap of 44.39M as of 2022, indicating a strong presence in the industry. Stamford Tyres Corp Ltd also boasts a Return on Equity of 6.75%, which demonstrates the company’s ability to effectively utilize its equity to generate profits. The company has been successful due to its dedication to providing quality products and services to customers. Stamford Tyres Corp Ltd is a reliable and trusted partner for those seeking reliable automotive products and services.
– Guess? Inc ($NYSE:GES)
Guess? Inc is a lifestyle fashion company that designs, markets, and distributes apparel and accessories for men, women, and children. As of 2022, the company has a market cap of 1.07B, which is an indication of the brand’s strong financial standing. Guess? Inc also boasts a high return on equity (ROE) of 32.06%, indicating that the company is making the most of its available resources and increasing shareholder value.
Summary
Investors interested in HOUR GLASS should take note of the company’s FY2024 Q2 earnings results for the quarter ending September 30 2023. Total revenue was reported at SGD 558.4 million, a 0.5% increase compared to the same quarter the previous year. However, net income was reported at SGD 77.0 million, a decrease of 8.9% from the same quarter the year before. Overall, HOUR GLASS appears to be making slow progress towards profitability, and investors should remain vigilant when considering the company as an investment opportunity.
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