HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:HAI • CA40531F1009
8.94 CAD
-0.02 (-0.22%)
Last: Feb 3, 2026, 07:00 PM
HAI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 12 industry peers in the Communications Equipment industry. HAI is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. HAI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year HAI was profitable.
- In the past year HAI had a positive cash flow from operations.
- In multiple years HAI reported negative net income over the last 5 years.
- HAI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.08%, HAI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- With an excellent Return On Equity value of 0.12%, HAI belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- The Return On Invested Capital of HAI (0.24%) is better than 83.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for HAI is significantly below the industry average of 9.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.08% | ||
| ROE | 0.12% | ||
| ROIC | 0.24% |
ROA(3y)0.84%
ROA(5y)-1.76%
ROE(3y)1.21%
ROE(5y)-2.62%
ROIC(3y)1.94%
ROIC(5y)N/A
1.3 Margins
- With a decent Profit Margin value of 0.08%, HAI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- In the last couple of years the Profit Margin of HAI has declined.
- The Operating Margin of HAI (0.26%) is better than 83.33% of its industry peers.
- HAI's Operating Margin has declined in the last couple of years.
- HAI has a Gross Margin of 72.51%. This is amongst the best in the industry. HAI outperforms 100.00% of its industry peers.
- In the last couple of years the Gross Margin of HAI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.26% | ||
| PM (TTM) | 0.08% | ||
| GM | 72.51% |
OM growth 3YN/A
OM growth 5Y-47.67%
PM growth 3YN/A
PM growth 5Y-58.76%
GM growth 3Y1.83%
GM growth 5Y-1.12%
2. Health
2.1 Basic Checks
- HAI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, HAI has less shares outstanding
- The number of shares outstanding for HAI has been increased compared to 5 years ago.
- HAI has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.24 indicates that HAI is not in any danger for bankruptcy at the moment.
- HAI's Altman-Z score of 4.24 is fine compared to the rest of the industry. HAI outperforms 66.67% of its industry peers.
- HAI has a debt to FCF ratio of 1.43. This is a very positive value and a sign of high solvency as it would only need 1.43 years to pay back of all of its debts.
- HAI has a better Debt to FCF ratio (1.43) than 83.33% of its industry peers.
- HAI has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
- With a Debt to Equity ratio value of 0.08, HAI perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 4.24 |
ROIC/WACC0.03
WACC8.92%
2.3 Liquidity
- A Current Ratio of 1.64 indicates that HAI should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.64, HAI is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- HAI has a Quick Ratio of 1.30. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.30, HAI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 850.00% over the past year.
- The Earnings Per Share has been growing slightly by 2.25% on average over the past years.
- HAI shows a small growth in Revenue. In the last year, the Revenue has grown by 6.25%.
- HAI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.82% yearly.
EPS 1Y (TTM)850%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%35.84%
Revenue 1Y (TTM)6.25%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%33.25%
3.2 Future
- HAI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.71% yearly.
- HAI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.27% yearly.
EPS Next Y-148.82%
EPS Next 2Y21.02%
EPS Next 3Y28.71%
EPS Next 5YN/A
Revenue Next Year-1.32%
Revenue Next 2Y5.26%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 59.60, which means the current valuation is very expensive for HAI.
- 75.00% of the companies in the same industry are more expensive than HAI, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 28.25, HAI is valued quite expensively.
- Based on the Price/Forward Earnings ratio of 40.70, the valuation of HAI can be described as expensive.
- 83.33% of the companies in the same industry are more expensive than HAI, based on the Price/Forward Earnings ratio.
- HAI is valuated rather expensively when we compare the Price/Forward Earnings ratio to 27.50, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.6 | ||
| Fwd PE | 40.7 |
4.2 Price Multiples
- HAI's Enterprise Value to EBITDA ratio is in line with the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.92 | ||
| EV/EBITDA | 25.39 |
4.3 Compensation for Growth
- HAI has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as HAI's earnings are expected to grow with 28.71% in the coming years.
PEG (NY)N/A
PEG (5Y)26.45
EPS Next 2Y21.02%
EPS Next 3Y28.71%
5. Dividend
5.1 Amount
- HAI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:HAI (2/3/2026, 7:00:00 PM)
8.94
-0.02 (-0.22%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-14 2026-01-14/amc
Earnings (Next)03-11 2026-03-11
Inst Owners4.52%
Inst Owner ChangeN/A
Ins Owners36.35%
Ins Owner ChangeN/A
Market Cap243.08M
Revenue(TTM)137.63M
Net Income(TTM)114.70K
Analysts80
Price Target6.4 (-28.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)8.17%
Min Revenue beat(2)4.63%
Max Revenue beat(2)11.7%
Revenue beat(4)3
Avg Revenue beat(4)4.64%
Min Revenue beat(4)-8.26%
Max Revenue beat(4)11.7%
Revenue beat(8)3
Avg Revenue beat(8)-1.63%
Revenue beat(12)7
Avg Revenue beat(12)1.67%
Revenue beat(16)9
Avg Revenue beat(16)1.32%
PT rev (1m)0%
PT rev (3m)4.8%
EPS NQ rev (1m)100%
EPS NQ rev (3m)100%
EPS NY rev (1m)7.41%
EPS NY rev (3m)-10.62%
Revenue NQ rev (1m)5.64%
Revenue NQ rev (3m)5.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.6 | ||
| Fwd PE | 40.7 | ||
| P/S | 1.77 | ||
| P/FCF | 34.92 | ||
| P/OCF | 27.92 | ||
| P/B | 2.49 | ||
| P/tB | 5.63 | ||
| EV/EBITDA | 25.39 |
EPS(TTM)0.15
EY1.68%
EPS(NY)0.22
Fwd EY2.46%
FCF(TTM)0.26
FCFY2.86%
OCF(TTM)0.32
OCFY3.58%
SpS5.06
BVpS3.59
TBVpS1.59
PEG (NY)N/A
PEG (5Y)26.45
Graham Number3.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.08% | ||
| ROE | 0.12% | ||
| ROCE | 0.34% | ||
| ROIC | 0.24% | ||
| ROICexc | 0.29% | ||
| ROICexgc | 0.7% | ||
| OM | 0.26% | ||
| PM (TTM) | 0.08% | ||
| GM | 72.51% | ||
| FCFM | 5.06% |
ROA(3y)0.84%
ROA(5y)-1.76%
ROE(3y)1.21%
ROE(5y)-2.62%
ROIC(3y)1.94%
ROIC(5y)N/A
ROICexc(3y)2.23%
ROICexc(5y)N/A
ROICexgc(3y)6.04%
ROICexgc(5y)N/A
ROCE(3y)2.77%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-61.57%
ROICexc growth 3YN/A
ROICexc growth 5Y-56.55%
OM growth 3YN/A
OM growth 5Y-47.67%
PM growth 3YN/A
PM growth 5Y-58.76%
GM growth 3Y1.83%
GM growth 5Y-1.12%
F-Score6
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.43 | ||
| Debt/EBITDA | 0.8 | ||
| Cap/Depr | 19.8% | ||
| Cap/Sales | 1.27% | ||
| Interest Coverage | 0.76 | ||
| Cash Conversion | 94.83% | ||
| Profit Quality | 6068.96% | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 4.24 |
F-Score6
WACC8.92%
ROIC/WACC0.03
Cap/Depr(3y)17.82%
Cap/Depr(5y)18.89%
Cap/Sales(3y)1.24%
Cap/Sales(5y)1.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)850%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%35.84%
EPS Next Y-148.82%
EPS Next 2Y21.02%
EPS Next 3Y28.71%
EPS Next 5YN/A
Revenue 1Y (TTM)6.25%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%33.25%
Revenue Next Year-1.32%
Revenue Next 2Y5.26%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y-93.37%
EBIT growth 3YN/A
EBIT growth 5Y-42.12%
EBIT Next Year667.38%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-60.21%
FCF growth 3YN/A
FCF growth 5Y-12.55%
OCF growth 1Y-55.33%
OCF growth 3YN/A
OCF growth 5Y-8.96%
HAIVISION SYSTEMS INC / HAI.CA FAQ
What is the fundamental rating for HAI stock?
ChartMill assigns a fundamental rating of 6 / 10 to HAI.CA.
What is the valuation status of HAIVISION SYSTEMS INC (HAI.CA) stock?
ChartMill assigns a valuation rating of 4 / 10 to HAIVISION SYSTEMS INC (HAI.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for HAIVISION SYSTEMS INC?
HAIVISION SYSTEMS INC (HAI.CA) has a profitability rating of 6 / 10.
What is the valuation of HAIVISION SYSTEMS INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for HAIVISION SYSTEMS INC (HAI.CA) is 59.6 and the Price/Book (PB) ratio is 2.49.
How sustainable is the dividend of HAIVISION SYSTEMS INC (HAI.CA) stock?
The dividend rating of HAIVISION SYSTEMS INC (HAI.CA) is 0 / 10 and the dividend payout ratio is 0%.