SEHK:1286

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Impro Precision Industries

Executive Summary

Impro Precision Industries Limited manufactures and sells high-precision casting and machined components in the United States, Europe, the People’s Republic of China, and internationally. More Details


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Impro Precision Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1286 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1286's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

1.8%

1286

6.5%

HK Machinery

4.6%

HK Market


1 Year Return

-13.9%

1286

52.9%

HK Machinery

15.2%

HK Market

Return vs Industry: 1286 underperformed the Hong Kong Machinery industry which returned 52.9% over the past year.

Return vs Market: 1286 underperformed the Hong Kong Market which returned 15.2% over the past year.


Shareholder returns

1286IndustryMarket
7 Day1.8%6.5%4.6%
30 Day24.0%19.9%12.2%
90 Day20.9%22.5%18.5%
1 Year-12.0%-13.9%56.7%52.9%19.7%15.2%
3 Yearn/a71.7%58.3%-2.7%-12.9%
5 Yearn/a238.8%207.8%73.1%43.9%

Long-Term Price Volatility Vs. Market

How volatile is Impro Precision Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Impro Precision Industries 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: 1286 (HK$2.84) is trading below our estimate of fair value (HK$7.04)

Significantly Below Fair Value: 1286 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1286 is unprofitable, so we can't compare its PE Ratio to the HK Machinery industry average.

PE vs Market: 1286 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1286's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1286 is overvalued based on its PB Ratio (1.5x) compared to the HK Machinery industry average (1x).


Next Steps

Future Growth

How is Impro Precision Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 1286's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if 1286's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1286's revenue (8.6% per year) is forecast to grow slower than the Hong Kong market (14.2% per year).

High Growth Revenue: 1286's revenue (8.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1286's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has Impro Precision Industries performed over the past 5 years?

-10.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1286 is currently unprofitable.

Growing Profit Margin: 1286 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1286 is unprofitable, and losses have increased over the past 5 years at a rate of 10.6% per year.

Accelerating Growth: Unable to compare 1286's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1286 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-0.9%).


Return on Equity

High ROE: 1286 has a negative Return on Equity (-0.82%), as it is currently unprofitable.


Next Steps

Financial Health

How is Impro Precision Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 1286's short term assets (HK$2.1B) exceed its short term liabilities (HK$1.0B).

Long Term Liabilities: 1286's short term assets (HK$2.1B) exceed its long term liabilities (HK$539.6M).


Debt to Equity History and Analysis

Debt Level: 1286's debt to equity ratio (23.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1286's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1286's debt is well covered by operating cash flow (112.6%).

Interest Coverage: 1286 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Impro Precision Industries's current dividend yield, its reliability and sustainability?

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1286's dividend (1.69%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.14%).

High Dividend: 1286's dividend (1.69%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.56%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 1286's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1286's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: 1286 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: 1286's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average board tenure


CEO

Ruibo Lu (55 yo)

no data

Tenure

Mr. Ruibo Lu is an Chairman of our Board and Chief Executive Officer at Impro Precision Industries Limited and has been its Executive Director since January 08, 2008.


Board Members

NamePositionTenureCompensationOwnership
Ruibo Lu
Chairman & CEOno datano data60.91%
HK$ 3.1b
Hui Wang
Group VP & Executive Director12.83yrsno datano data
Yuepeng Yu
Group VP & Executive Director5.33yrsno datano data
Liwei Zhu
Group VP & Executive Director12.83yrsno datano data
Dong Wang
Executive Director3.08yrsno datano data
Gordon Yen
Independent Non-Executive Director1.75yrsno datano data
Kwok Kuen Yu
Independent Non-Executive Director1.75yrsno datano data
Siu Ming Lee
Independent Non-Executive Director1.75yrsno datano data

3.1yrs

Average Tenure

49.5yo

Average Age

Experienced Board: 1286's board of directors are considered experienced (3.1 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

Impro Precision Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Impro Precision Industries Limited
  • Ticker: 1286
  • Exchange: SEHK
  • Founded: 1998
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: HK$5.141b
  • Shares outstanding: 1.88b
  • Website: https://www.improprecision.com

Number of Employees


Location

  • Impro Precision Industries Limited
  • Unit 1008
  • Shui On Centre
  • Wan Chai
  • 214000
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1286SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2019
7IPDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2019

Biography

Impro Precision Industries Limited manufactures and sells high-precision casting and machined components in the United States, Europe, the People’s Republic of China, and internationally. It operates throu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 10:21
End of Day Share Price2021/01/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.