HAIVISION SYSTEMS INC (HAI.CA) Fundamental Analysis & Valuation

TSX:HAICA40531F1009

Current stock price

7 CAD
-0.15 (-2.1%)
Last:

This HAI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HAI.CA Profitability Analysis

1.1 Basic Checks

  • In the past year HAI was profitable.
  • In the past year HAI had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: HAI reported negative net income in multiple years.
  • Of the past 5 years HAI 4 years had a positive operating cash flow.
HAI.CA Yearly Net Income VS EBIT VS OCF VS FCFHAI.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5M -5M 10M 15M

1.2 Ratios

  • HAI has a Return On Assets of 0.08%. This is in the better half of the industry: HAI outperforms 76.92% of its industry peers.
  • HAI has a Return On Equity of 0.12%. This is amongst the best in the industry. HAI outperforms 84.62% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 0.24%, HAI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HAI is significantly below the industry average of 12.98%.
Industry RankSector 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
HAI.CA Yearly ROA, ROE, ROICHAI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • HAI has a better Profit Margin (0.08%) than 76.92% of its industry peers.
  • In the last couple of years the Profit Margin of HAI has declined.
  • HAI has a Operating Margin of 0.26%. This is amongst the best in the industry. HAI outperforms 84.62% of its industry peers.
  • HAI's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 72.51%, HAI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HAI has remained more or less at the same level.
Industry RankSector 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%
HAI.CA Yearly Profit, Operating, Gross MarginsHAI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

7

2. HAI.CA Health Analysis

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.
  • HAI has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, HAI has more shares outstanding
  • Compared to 1 year ago, HAI has an improved debt to assets ratio.
HAI.CA Yearly Shares OutstandingHAI.CA Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
HAI.CA Yearly Total Debt VS Total AssetsHAI.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M

2.2 Solvency

  • HAI has an Altman-Z score of 3.65. This indicates that HAI is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.65, HAI is doing good in the industry, outperforming 69.23% of the companies in the same industry.
  • 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 84.62% of its industry peers.
  • A Debt/Equity ratio of 0.08 indicates that HAI is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.08, HAI is doing good in the industry, outperforming 61.54% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 1.43
Altman-Z 3.65
ROIC/WACC0.03
WACC8.58%
HAI.CA Yearly LT Debt VS Equity VS FCFHAI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M 60M 80M

2.3 Liquidity

  • A Current Ratio of 1.64 indicates that HAI should not have too much problems paying its short term obligations.
  • HAI's Current ratio of 1.64 is fine compared to the rest of the industry. HAI outperforms 69.23% of its industry peers.
  • A Quick Ratio of 1.30 indicates that HAI should not have too much problems paying its short term obligations.
  • HAI has a better Quick ratio (1.30) than 76.92% of its industry peers.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 1.3
HAI.CA Yearly Current Assets VS Current LiabilitesHAI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

6

3. HAI.CA Growth Analysis

3.1 Past

  • HAI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 850.00%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 2.25% on average over the past years.
  • HAI shows a decrease in Revenue. In the last year, the revenue decreased by -7.38%.
  • 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%75%
Revenue 1Y (TTM)-7.38%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%25.1%

3.2 Future

  • Based on estimates for the next years, HAI will show a very strong growth in Earnings Per Share. The EPS will grow by 32.66% on average per year.
  • Based on estimates for the next years, HAI will show a quite strong growth in Revenue. The Revenue will grow by 9.95% on average per year.
EPS Next Y-148.82%
EPS Next 2Y18.2%
EPS Next 3Y33.08%
EPS Next 5Y32.66%
Revenue Next Year-1.32%
Revenue Next 2Y5.97%
Revenue Next 3Y7.71%
Revenue Next 5Y9.95%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
HAI.CA Yearly Revenue VS EstimatesHAI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M
HAI.CA Yearly EPS VS EstimatesHAI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 -0.2 0.4

4

4. HAI.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 46.67, the valuation of HAI can be described as expensive.
  • Based on the Price/Earnings ratio, HAI is valued a bit cheaper than 76.92% of the companies in the same industry.
  • HAI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.78.
  • A Price/Forward Earnings ratio of 33.40 indicates a quite expensive valuation of HAI.
  • Based on the Price/Forward Earnings ratio, HAI is valued cheaper than 84.62% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.54. HAI is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 46.67
Fwd PE 33.4
HAI.CA Price Earnings VS Forward Price EarningsHAI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HAI is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, HAI is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 27.63
EV/EBITDA 20.32
HAI.CA Per share dataHAI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

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 33.08% in the coming years.
PEG (NY)N/A
PEG (5Y)20.71
EPS Next 2Y18.2%
EPS Next 3Y33.08%

0

5. HAI.CA Dividend Analysis

5.1 Amount

  • No dividends for HAI!.
Industry RankSector Rank
Dividend Yield 0%

HAI.CA Fundamentals: All Metrics, Ratios and Statistics

HAIVISION SYSTEMS INC

TSX:HAI (4/10/2026, 7:00:00 PM)

7

-0.15 (-2.1%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)03-12
Earnings (Next)06-09
Inst Owners4.47%
Inst Owner ChangeN/A
Ins Owners36.53%
Ins Owner ChangeN/A
Market Cap192.36M
Revenue(TTM)129.54M
Net Income(TTM)114.70K
Analysts82.5
Price Target11.79 (68.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)13.5%
PT rev (3m)84.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)133.3%
EPS NY rev (1m)0%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.05%
Revenue NY rev (1m)-1.24%
Revenue NY rev (3m)1.35%
Valuation
Industry RankSector Rank
PE 46.67
Fwd PE 33.4
P/S 1.4
P/FCF 27.63
P/OCF 22.09
P/B 1.97
P/tB 4.46
EV/EBITDA 20.32
EPS(TTM)0.15
EY2.14%
EPS(NY)0.21
Fwd EY2.99%
FCF(TTM)0.25
FCFY3.62%
OCF(TTM)0.32
OCFY4.53%
SpS5.01
BVpS3.55
TBVpS1.57
PEG (NY)N/A
PEG (5Y)20.71
Graham Number3.46
Profitability
Industry RankSector 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 RankSector 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 3.65
F-Score6
WACC8.58%
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%75%
EPS Next Y-148.82%
EPS Next 2Y18.2%
EPS Next 3Y33.08%
EPS Next 5Y32.66%
Revenue 1Y (TTM)-7.38%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%25.1%
Revenue Next Year-1.32%
Revenue Next 2Y5.97%
Revenue Next 3Y7.71%
Revenue Next 5Y9.95%
EBIT growth 1Y-93.37%
EBIT growth 3YN/A
EBIT growth 5Y-42.12%
EBIT Next Year686.42%
EBIT Next 3Y131.1%
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 Fundamental Analysis 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.


What is the profitability of HAI stock?

HAIVISION SYSTEMS INC (HAI.CA) has a profitability rating of 6 / 10.


What is the financial health of HAIVISION SYSTEMS INC (HAI.CA) stock?

The financial health rating of HAIVISION SYSTEMS INC (HAI.CA) is 7 / 10.


Is the dividend of HAIVISION SYSTEMS INC sustainable?

The dividend rating of HAIVISION SYSTEMS INC (HAI.CA) is 0 / 10 and the dividend payout ratio is 0%.