Impro Precision Industries Limited (HK:1286)
:1286
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Impro Precision Industries Limited
(1286)
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Rating:73Outperform
Price Target:
HK$9.00
▲(77.87% Upside)
Action:ReiteratedDate:03/13/26
The score is driven primarily by solid financial performance (strong margins, improving revenue, and manageable leverage) but is held back by weaker and less consistent cash generation. Technicals are supportive with a clear uptrend and healthy momentum, while valuation is reasonable with a moderate P/E and modest dividend yield.
Positive Factors
Profitability margins
Sustained high gross and operating margins point to durable unit economics and some pricing or operational advantages in precision manufacturing. Combined with a recovery from prior losses, these margins support long‑term cash generation potential and reinvestment capacity across cycles.
Negative Factors
Weak cash conversion
Operating cash flow materially lags reported earnings, implying working‑capital timing or collection issues. When cash generation fails to track net income, it constrains sustainable reinvestment, debt reduction or dividend policy and raises execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability margins
Sustained high gross and operating margins point to durable unit economics and some pricing or operational advantages in precision manufacturing. Combined with a recovery from prior losses, these margins support long‑term cash generation potential and reinvestment capacity across cycles.
Read all positive factors
Impro Precision Industries Limited (1286) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$15.12B
Dividend Yield3.23%
Average Volume (3M)1.47M
Price to Earnings (P/E)12.7
Beta (1Y)0.63
Revenue Growth2.87%
EPS Growth17.03%
CountryHK
Employees7,778
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.20
Shares Outstanding1,887,285,600
10 Day Avg. Volume2,038,787
30 Day Avg. Volume1,469,679
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)1.64
Price to Sales (P/S)1.80
P/FCF Ratio33.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$10.89Price Target Upside115.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.43
Revenue Forecast (FY)HK$5.85B
Impro Precision Industries Limited Business Overview & Revenue Model
Company Description
Impro Precision Industries Limited develops, produces, and sells casting products and precision machining parts in the United States, Europe, the People's Republic of China, and internationally. It operates in four segments: Investment Casting, Pr...
How the Company Makes Money
The company makes money by manufacturing and selling precision metal components and parts to business customers. Revenue is generated primarily from fulfilling customer orders for engineered components produced through its precision machining and ...
Impro Precision Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.10B | 4.69B | 4.60B | 4.35B | 3.78B |
| Gross Profit | 1.56B | 1.27B | 1.18B | 1.40B | 1.13B |
| EBITDA | 1.37B | 1.18B | 1.16B | 1.17B | 913.93M |
| Net Income | 726.18M | 644.30M | 585.09M | 581.95M | 382.78M |
Balance Sheet | |||||
| Total Assets | 9.39B | 8.17B | 8.30B | 7.76B | 7.04B |
| Cash, Cash Equivalents and Short-Term Investments | 720.94M | 601.75M | 630.85M | 483.29M | 578.96M |
| Total Debt | 2.43B | 2.20B | 2.26B | 2.21B | 1.54B |
| Total Liabilities | 3.77B | 3.43B | 3.40B | 3.36B | 2.66B |
| Stockholders Equity | 5.60B | 4.72B | 4.88B | 4.38B | 4.36B |
Cash Flow | |||||
| Free Cash Flow | 276.19M | 534.22M | 570.04M | 71.33M | -635.76M |
| Operating Cash Flow | 1.18B | 1.15B | 1.28B | 782.29M | 401.09M |
| Investing Cash Flow | -988.38M | -690.00M | -772.89M | -1.22B | -1.03B |
| Financing Cash Flow | -95.94M | -467.17M | -359.69M | 379.45M | 579.93M |
Impro Precision Industries Limited Technical Analysis
Positive
5.06
Price Trends
7.54
Positive
6.40
Positive
5.02
Positive
Market Momentum
0.16
Positive
51.49
Neutral
43.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1286, the sentiment is Positive. The current price of 5.06 is below the 20-day moving average (MA) of 8.00, below the 50-day MA of 7.54, and above the 200-day MA of 5.02, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 51.49 is Neutral, neither overbought nor oversold. The STOCH value of 43.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1286.
Impro Precision Industries Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$8.53B | 10.00 | 10.93% | 1.57% | -13.95% | -13.61% | |
73 Outperform | HK$15.12B | 12.66 | 13.39% | 3.23% | 2.87% | 17.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$3.77B | 11.70 | 17.97% | 2.25% | 14.32% | -19.44% | |
60 Neutral | HK$8.21B | 13.12 | 9.65% | 8.66% | 28.34% | ― | |
58 Neutral | HK$8.92B | 7.99 | 8.82% | 2.50% | 11.18% | 46.57% | |
41 Neutral | HK$5.95B | -38.12 | -0.41% | ― | 7.11% | 77.53% |
* Industrials Sector Average
HK:1286
Impro Precision Industries Limited
8.01
5.95
287.89%
HK:0558
L.K. Technology Holdings Limited
2.76
0.29
11.97%
HK:2722
Chongqing Machinery & Electric Co. Ltd. Class H
2.42
1.63
207.50%
HK:0187
Beijing Jingcheng Machinery Electric Co Ltd Class H
4.40
0.86
24.29%
HK:2155
Morimatsu International Holdings Company Limited
6.85
2.28
49.89%
HK:2285
Chervon Holdings Limited
16.06
5.67
54.57%
Impro Precision Industries Limited Corporate Events
Impro Precision Delivers Record 2025 Earnings on AI and Medical Demand
Mar 10, 2026
Impro Precision Industries Limited reported record revenue of HK$5,095.5 million for 2025, up 8.7% year on year, with gross profit rising 10.3% and gross margin edging up to 27.5%. Profit attributable to shareholders hit a record HK$726.2 million,...
Impro Precision Declares Second Interim Dividend for 2025 Financial Year
Mar 10, 2026
Impro Precision Industries Limited has declared a second interim ordinary dividend of HK$0.08 per share for the financial year ending 31 December 2025, reflecting its ongoing policy of returning cash to shareholders. The dividend will be paid in H...
Impro Precision Schedules March Board Meeting to Approve 2025 Results and Consider Dividend
Feb 24, 2026
Impro Precision Industries Limited has announced that its board of directors will convene on 10 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider declaring a second inte...
Impro Precision Wins Strong Shareholder Backing for New Share Option Scheme
Dec 30, 2025
Impro Precision Industries Limited has secured shareholder approval at an extraordinary general meeting held on 30 December 2025 to adopt a new share option scheme while terminating its existing scheme, following a poll vote in which approximately...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.