HAIVISION SYSTEMS INC (HAI.CA) Fundamental Analysis & Valuation
TSX:HAI • CA40531F1009
Current stock price
7.15 CAD
-0.49 (-6.41%)
Last:
This HAI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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.
- HAI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- HAI's Return On Assets of 0.08% is fine compared to the rest of the industry. HAI outperforms 76.92% of its industry peers.
- The Return On Equity of HAI (0.12%) is better than 84.62% of its industry peers.
- HAI has a better Return On Invested Capital (0.24%) than 84.62% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for HAI is significantly below the industry average of 12.98%.
| 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 76.92% of the companies in the same industry.
- In the last couple of years the Profit Margin of HAI has declined.
- Looking at the Operating Margin, with a value of 0.26%, HAI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
- HAI's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 72.51%, HAI belongs to the top 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 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. HAI.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HAI is destroying value.
- The number of shares outstanding for HAI has been reduced compared to 1 year ago.
- HAI has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, HAI has an improved debt to assets ratio.
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.
- Looking at the Altman-Z score, with a value of 3.65, HAI is in the better half of 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.
- The Debt to Equity ratio of HAI (0.08) is better than 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 3.65 |
ROIC/WACC0.03
WACC8.63%
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's Quick ratio of 1.30 is fine compared to the rest of the industry. HAI outperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.3 |
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.
- Measured over the past 5 years, HAI shows a small growth in Earnings Per Share. The EPS has been growing by 2.25% on average per year.
- HAI shows a decrease in Revenue. In the last year, the revenue decreased by -7.38%.
- The Revenue has been growing by 11.82% on average over the past years. This is quite good.
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
- The Earnings Per Share is expected to grow by 32.66% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 9.95% on average over the next years. This is quite good.
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. HAI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 47.67, which means the current valuation is very expensive for HAI.
- Compared to the rest of the industry, the Price/Earnings ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 76.92% of the companies listed in the same industry.
- HAI is valuated expensively when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 34.12 indicates a quite expensive valuation of HAI.
- HAI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAI is cheaper than 84.62% of the companies in the same industry.
- HAI's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.67 | ||
| Fwd PE | 34.12 |
4.2 Price Multiples
- 61.54% of the companies in the same industry are more expensive than HAI, based on the Enterprise Value to EBITDA ratio.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.23 | ||
| EV/EBITDA | 20.32 |
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)21.15
EPS Next 2Y18.2%
EPS Next 3Y33.08%
5. HAI.CA Dividend Analysis
5.1 Amount
- HAI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
HAI.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:HAI (4/9/2026, 7:00:00 PM)
7.15
-0.49 (-6.41%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)03-12 2026-03-12/amc
Earnings (Next)06-09 2026-06-09
Inst Owners4.47%
Inst Owner ChangeN/A
Ins Owners36.53%
Ins Owner ChangeN/A
Market Cap196.48M
Revenue(TTM)129.54M
Net Income(TTM)114.70K
Analysts82.5
Price Target11.79 (64.9%)
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)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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.67 | ||
| Fwd PE | 34.12 | ||
| P/S | 1.43 | ||
| P/FCF | 28.23 | ||
| P/OCF | 22.57 | ||
| P/B | 2.01 | ||
| P/tB | 4.55 | ||
| EV/EBITDA | 20.32 |
EPS(TTM)0.15
EY2.1%
EPS(NY)0.21
Fwd EY2.93%
FCF(TTM)0.25
FCFY3.54%
OCF(TTM)0.32
OCFY4.43%
SpS5.01
BVpS3.55
TBVpS1.57
PEG (NY)N/A
PEG (5Y)21.15
Graham Number3.46
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 | 3.65 |
F-Score6
WACC8.63%
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%.