HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
TSX:HAI - Toronto Stock Exchange - CA40531F1009 - Common Stock - Currency: CAD
We assign a fundamental rating of 4 out of 10 to HAI. HAI was compared to 12 industry peers in the Communications Equipment industry. While HAI seems to be doing ok healthwise, there are quite some concerns on its profitability. 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 has reported negative net income.
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.
Of the past 5 years HAI 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of HAI (-0.70%) is better than 66.67% of its industry peers.
HAI has a Return On Equity of -1.06%. This is in the better half of the industry: HAI outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.7% | ||
| ROE | -1.06% | ||
| ROIC | N/A |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HAI's Profit Margin has declined in the last couple of years.
In the last couple of years the Operating Margin of HAI has declined.
HAI has a Gross Margin of 73.26%. 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.
The Profit Margin and Operating Margin are not available for HAI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 73.26% |
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
2. Health
2.1 Basic Checks
HAI does not have a ROIC to compare to the WACC, probably because it is not profitable.
HAI has less shares outstanding than it did 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
An Altman-Z score of 2.70 indicates that HAI is not a great score, but indicates only limited risk for bankruptcy at the moment.
HAI has a Altman-Z score (2.70) which is comparable to the rest of the industry.
HAI has a debt to FCF ratio of 3.50. This is a good value and a sign of high solvency as HAI would need 3.50 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.50, HAI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.13 indicates that HAI is not too dependend on debt financing.
HAI has a Debt to Equity ratio of 0.13. This is in the better half of the industry: HAI outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 2.7 |
ROIC/WACCN/A
WACC8.56%
2.3 Liquidity
HAI has a Current Ratio of 1.49. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
HAI's Current ratio of 1.49 is in line compared to the rest of the industry. HAI outperforms 58.33% of its industry peers.
A Quick Ratio of 1.14 indicates that HAI should not have too much problems paying its short term obligations.
HAI has a Quick ratio (1.14) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The earnings per share for HAI have decreased strongly by -133.33% in the last year.
HAI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.25% yearly.
Looking at the last year, HAI shows a very negative growth in Revenue. The Revenue has decreased by -11.61% in the last year.
The Revenue has been growing by 11.82% on average over the past years. This is quite good.
EPS 1Y (TTM)-133.33%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%-366.67%
Revenue 1Y (TTM)-11.61%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%0.35%
3.2 Future
HAI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.93% yearly.
Based on estimates for the next years, HAI will show a small growth in Revenue. The Revenue will grow by 1.69% on average per year.
EPS Next Y-42.77%
EPS Next 2Y47.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.37%
Revenue Next 2Y1.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HAI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 15.69, HAI is valued correctly.
91.67% of the companies in the same industry are more expensive than HAI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of HAI to the average of the S&P500 Index (21.76), we can say HAI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HAI is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
66.67% of the companies in the same industry are more expensive than HAI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.04 | ||
| EV/EBITDA | 20.97 |
4.3 Compensation for Growth
A more expensive valuation may be justified as HAI's earnings are expected to grow with 47.93% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for HAI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:HAI (7/11/2025, 7:00:00 PM)
5.15
-0.01 (-0.19%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners4.34%
Inst Owner ChangeN/A
Ins Owners35.73%
Ins Owner ChangeN/A
Market Cap142.81M
Analysts72.5
Price Target5.58 (8.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-352.02%
Min EPS beat(2)-496.04%
Max EPS beat(2)-208%
EPS beat(4)0
Avg EPS beat(4)-201.09%
Min EPS beat(4)-496.04%
Max EPS beat(4)-16.83%
EPS beat(8)2
Avg EPS beat(8)-91.31%
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)1
Avg Revenue beat(2)1.11%
Min Revenue beat(2)-8.26%
Max Revenue beat(2)10.48%
Revenue beat(4)1
Avg Revenue beat(4)-6.07%
Min Revenue beat(4)-15.73%
Max Revenue beat(4)10.48%
Revenue beat(8)3
Avg Revenue beat(8)-2.28%
Revenue beat(12)6
Avg Revenue beat(12)0.42%
Revenue beat(16)7
Avg Revenue beat(16)-1.1%
PT rev (1m)2.96%
PT rev (3m)2.96%
EPS NQ rev (1m)-66.67%
EPS NQ rev (3m)-66.67%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.64%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.69 | ||
| P/S | 1.16 | ||
| P/FCF | 33.04 | ||
| P/OCF | 21.22 | ||
| P/B | 1.55 | ||
| P/tB | 3.94 | ||
| EV/EBITDA | 20.97 |
EPS(TTM)-0.04
EYN/A
EPS(NY)0.33
Fwd EY6.37%
FCF(TTM)0.16
FCFY3.03%
OCF(TTM)0.24
OCFY4.71%
SpS4.44
BVpS3.32
TBVpS1.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.7% | ||
| ROE | -1.06% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 73.26% | ||
| FCFM | 3.51% |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
F-Score5
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 3.5 | ||
| Debt/EBITDA | 1.85 | ||
| Cap/Depr | 26.53% | ||
| Cap/Sales | 1.95% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 101.46% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 2.7 |
F-Score5
WACC8.56%
ROIC/WACCN/A
Cap/Depr(3y)15.44%
Cap/Depr(5y)18.5%
Cap/Sales(3y)1.1%
Cap/Sales(5y)0.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-133.33%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%-366.67%
EPS Next Y-42.77%
EPS Next 2Y47.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.61%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%0.35%
Revenue Next Year-6.37%
Revenue Next 2Y1.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-127.67%
EBIT growth 3YN/A
EBIT growth 5Y1.06%
EBIT Next Year-88.14%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.81%
FCF growth 3Y129.93%
FCF growth 5Y25.45%
OCF growth 1Y51.57%
OCF growth 3Y106.42%
OCF growth 5Y25.22%