Impro Precision Industries
Market Cap
HK$5.1b
Last Updated
2021/01/20 10:21 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
| 1286 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 6.5% | 4.6% |
| 30 Day | 24.0% | 19.9% | 12.2% |
| 90 Day | 20.9% | 22.5% | 18.5% |
| 1 Year | -12.0%-13.9% | 56.7%52.9% | 19.7%15.2% |
| 3 Year | n/a | 71.7%58.3% | -2.7%-12.9% |
| 5 Year | n/a | 238.8%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
3 days ago | Simply Wall St
Returns On Capital At Impro Precision Industries (HKG:1286) Paint An Interesting Picture3 weeks ago | Simply Wall St
Should You Buy Impro Precision Industries Limited (HKG:1286) For Its Dividend?1 month ago | Simply Wall St
These 4 Measures Indicate That Impro Precision Industries (HKG:1286) Is Using Debt Reasonably WellValuation
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$539.6M).
Debt to Equity History and Analysis
Debt Level: 1286's debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 1286's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 1286's debt is well covered by operating cash flow (112.6%).
Interest Coverage: 1286 is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Impro Precision Industries's current dividend yield, its reliability and sustainability?
1.69%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1286's dividend (1.69%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.14%).
High Dividend: 1286's dividend (1.69%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.56%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 1286's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 1286's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: 1286 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: 1286's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average board tenure
CEO
Ruibo Lu (55 yo)
no data
Tenure
Mr. Ruibo Lu is an Chairman of our Board and Chief Executive Officer at Impro Precision Industries Limited and has been its Executive Director since January 08, 2008.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | no data | 60.91% HK$ 3.1b | |
| Group VP & Executive Director | 12.83yrs | no data | no data | |
| Group VP & Executive Director | 5.33yrs | no data | no data | |
| Group VP & Executive Director | 12.83yrs | no data | no data | |
| Executive Director | 3.08yrs | no data | no data | |
| Independent Non-Executive Director | 1.75yrs | no data | no data | |
| Independent Non-Executive Director | 1.75yrs | no data | no data | |
| Independent Non-Executive Director | 1.75yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1286 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2019 |
| 7IP | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 10:21 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.