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Impro Precision Industries (HKSE:01286) Intrinsic Value: Projected FCF : HK$3.49 (As of May. 02, 2024)


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What is Impro Precision Industries Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-02), Impro Precision Industries's Intrinsic Value: Projected FCF is HK$3.49. The stock price of Impro Precision Industries is HK$2.19. Therefore, Impro Precision Industries's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for Impro Precision Industries's Intrinsic Value: Projected FCF or its related term are showing as below:

HKSE:01286' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.6   Med: 0.72   Max: 0.74
Current: 0.63

During the past 8 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Impro Precision Industries was 0.74. The lowest was 0.60. And the median was 0.72.

HKSE:01286's Price-to-Projected-FCF is ranked better than
85.32% of 1907 companies
in the Industrial Products industry
Industry Median: 1.55 vs HKSE:01286: 0.63

Impro Precision Industries Intrinsic Value: Projected FCF Historical Data

The historical data trend for Impro Precision Industries's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Impro Precision Industries Intrinsic Value: Projected FCF Chart

Impro Precision Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - 3.02 3.49

Impro Precision Industries Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 3.02 - 3.49

Competitive Comparison of Impro Precision Industries's Intrinsic Value: Projected FCF

For the Specialty Industrial Machinery subindustry, Impro Precision Industries's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Impro Precision Industries's Price-to-Projected-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Impro Precision Industries's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Impro Precision Industries's Price-to-Projected-FCF falls into.



Impro Precision Industries Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Impro Precision Industries's Free Cash Flow(6 year avg) = HK$265.99.

Impro Precision Industries's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(10.056836766857*265.99342857143+4880.623*0.8)/1886.951
=3.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Impro Precision Industries  (HKSE:01286) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Impro Precision Industries's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=2.19/3.486868971266
=0.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Impro Precision Industries Intrinsic Value: Projected FCF Related Terms

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Impro Precision Industries (HKSE:01286) Business Description

Traded in Other Exchanges
Address
6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG
Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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