HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:HAI • CA40531F1009
8.64 CAD
-0.3 (-3.36%)
Last: Feb 4, 2026, 07:00 PM
We assign a fundamental rating of 6 out of 10 to HAI. HAI was compared to 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.
- Of the past 5 years HAI 4 years had a positive operating cash flow.
1.2 Ratios
- HAI has a Return On Assets of 0.08%. This is in the better half of the industry: HAI outperforms 75.00% of its industry peers.
- HAI has a Return On Equity of 0.12%. This is amongst the best in the industry. HAI outperforms 83.33% of its industry peers.
- With an excellent Return On Invested Capital value of 0.24%, HAI belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital 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
- HAI has a Profit Margin of 0.08%. This is in the better half of the industry: HAI outperforms 75.00% of its industry peers.
- HAI's Profit Margin has declined in the last couple of years.
- HAI has a Operating Margin of 0.26%. This is amongst the best in the industry. HAI outperforms 83.33% of its industry peers.
- In the last couple of years the Operating Margin of HAI has declined.
- 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
- 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.
- Compared to 5 years ago, HAI has more shares outstanding
- Compared to 1 year ago, HAI has an improved debt to assets ratio.
2.2 Solvency
- HAI has an Altman-Z score of 4.24. This indicates that HAI is financially healthy and has little risk of bankruptcy at the moment.
- With a decent Altman-Z score value of 4.24, HAI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- The Debt to FCF ratio of HAI is 1.43, which is an excellent value as it means it would take HAI, only 1.43 years of fcf income to pay off all of its debts.
- HAI has a Debt to FCF ratio of 1.43. This is amongst the best in the industry. HAI outperforms 83.33% of its industry peers.
- A Debt/Equity ratio of 0.08 indicates that HAI is not too dependend on debt financing.
- HAI has a Debt to Equity ratio of 0.08. This is comparable to the rest of the industry: HAI outperforms 58.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 4.24 |
ROIC/WACC0.03
WACC8.92%
2.3 Liquidity
- HAI has a Current Ratio of 1.64. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of HAI (1.64) is better than 66.67% 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.
- The Quick ratio of HAI (1.30) is better than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.3 |
3. Growth
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.
- 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 small growth in Revenue. The Revenue has grown by 6.25% 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)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 28.71% on average over the next years. This is a very strong growth
- 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
- 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
- With a Price/Earnings ratio of 57.60, HAI can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Earnings ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 75.00% of the companies listed in the same industry.
- HAI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.25.
- A Price/Forward Earnings ratio of 39.33 indicates a quite expensive valuation of HAI.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HAI indicates a rather cheap valuation: HAI is cheaper than 83.33% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, HAI is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.6 | ||
| Fwd PE | 39.33 |
4.2 Price Multiples
- HAI's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, HAI is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.75 | ||
| EV/EBITDA | 25.39 |
4.3 Compensation for Growth
- The decent profitability rating of HAI 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)25.56
EPS Next 2Y21.02%
EPS Next 3Y28.71%
5. Dividend
5.1 Amount
- No dividends for HAI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:HAI (2/4/2026, 7:00:00 PM)
8.64
-0.3 (-3.36%)
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 Cap234.92M
Revenue(TTM)137.63M
Net Income(TTM)114.70K
Analysts80
Price Target6.4 (-25.93%)
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 | 57.6 | ||
| Fwd PE | 39.33 | ||
| P/S | 1.71 | ||
| P/FCF | 33.75 | ||
| P/OCF | 26.98 | ||
| P/B | 2.41 | ||
| P/tB | 5.45 | ||
| EV/EBITDA | 25.39 |
EPS(TTM)0.15
EY1.74%
EPS(NY)0.22
Fwd EY2.54%
FCF(TTM)0.26
FCFY2.96%
OCF(TTM)0.32
OCFY3.71%
SpS5.06
BVpS3.59
TBVpS1.59
PEG (NY)N/A
PEG (5Y)25.56
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 57.6 and the Price/Book (PB) ratio is 2.41.
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%.