HAIVISION SYSTEMS INC (HAI.CA) Fundamental Analysis & Valuation
TSX:HAI • CA40531F1009
10.09 CAD
+0.15 (+1.51%)
Last: Mar 10, 2026, 07:00 PM
This HAI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 6 out of 10 to HAI. HAI was compared to 13 industry peers in the Communications Equipment industry. While HAI has a great health rating, its profitability is only average at the moment. HAI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes HAI very considerable for growth investing!
1. HAI.CA Profitability Analysis
1.1 Basic Checks
- In the past year HAI was profitable.
- HAI had a positive operating cash flow in the past year.
- 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.
1.2 Ratios
- HAI has a better Return On Assets (0.08%) than 76.92% of its industry peers.
- The Return On Equity of HAI (0.12%) is better than 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 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
- The Profit Margin of HAI (0.08%) is better than 76.92% of its industry peers.
- In the last couple of years the Profit Margin of HAI has declined.
- With an excellent Operating Margin value of 0.26%, HAI belongs to the best 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.
- HAI's Gross Margin of 72.51% is amongst the best of the industry. HAI outperforms 100.00% of its industry peers.
- HAI's Gross Margin has been stable in the last couple of years.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HAI is destroying value.
- HAI has less shares outstanding than it did 1 year ago.
- HAI has more shares outstanding than it did 5 years ago.
- HAI has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.67 indicates that HAI is not in any danger for bankruptcy at the moment.
- With a decent Altman-Z score value of 4.67, 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 Debt to FCF ratio of 1.43. This is amongst the best in the industry. HAI outperforms 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 4.67 |
ROIC/WACC0.03
WACC8.87%
2.3 Liquidity
- A Current Ratio of 1.64 indicates that HAI should not have too much problems paying its short term obligations.
- HAI has a Current ratio of 1.64. This is in the better half of the industry: HAI outperforms 69.23% of its industry peers.
- 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.
- HAI has a Quick ratio of 1.30. This is in the better half 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
- 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.
- Looking at the last year, HAI shows a small growth in Revenue. The Revenue has grown by 6.25% in the last year.
- 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
- The Earnings Per Share is expected to grow by 32.66% on average over the next years. This is a very strong growth
- 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 2Y6.63%
Revenue Next 3Y7.99%
Revenue Next 5Y9.95%
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.
- 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 67.27, which means the current valuation is very expensive for HAI.
- 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 26.15.
- Based on the Price/Forward Earnings ratio of 48.15, the valuation of HAI can be described as expensive.
- 84.62% 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 (24.27), we can say HAI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.27 | ||
| Fwd PE | 48.15 |
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 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.83 | ||
| EV/EBITDA | 29.12 |
4.3 Compensation for Growth
- The decent profitability rating of HAI may justify a higher PE ratio.
- HAI's earnings are expected to grow with 33.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)29.85
EPS Next 2Y18.2%
EPS Next 3Y33.08%
5. HAI.CA Dividend Analysis
5.1 Amount
- No dividends for HAI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
HAI.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:HAI (3/10/2026, 7:00:00 PM)
10.09
+0.15 (+1.51%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-14 2026-01-14/amc
Earnings (Next)03-12 2026-03-12
Inst Owners4.47%
Inst Owner ChangeN/A
Ins Owners36.53%
Ins Owner ChangeN/A
Market Cap277.27M
Revenue(TTM)137.63M
Net Income(TTM)114.70K
Analysts82.5
Price Target10.39 (2.97%)
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)25.38%
PT rev (3m)64.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)133.3%
EPS NY rev (1m)-4.6%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.05%
Revenue NY rev (1m)2.62%
Revenue NY rev (3m)2.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.27 | ||
| Fwd PE | 48.15 | ||
| P/S | 2.01 | ||
| P/FCF | 39.83 | ||
| P/OCF | 31.85 | ||
| P/B | 2.84 | ||
| P/tB | 6.43 | ||
| EV/EBITDA | 29.12 |
EPS(TTM)0.15
EY1.49%
EPS(NY)0.21
Fwd EY2.08%
FCF(TTM)0.25
FCFY2.51%
OCF(TTM)0.32
OCFY3.14%
SpS5.01
BVpS3.55
TBVpS1.57
PEG (NY)N/A
PEG (5Y)29.85
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 | 4.67 |
F-Score6
WACC8.87%
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 2Y18.2%
EPS Next 3Y33.08%
EPS Next 5Y32.66%
Revenue 1Y (TTM)6.25%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%33.25%
Revenue Next Year-1.32%
Revenue Next 2Y6.63%
Revenue Next 3Y7.99%
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 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 67.27 and the Price/Book (PB) ratio is 2.84.
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%.