HAIVISION SYSTEMS INC (HAI.CA) Fundamental Analysis & Valuation
TSX:HAI • CA40531F1009
9.63 CAD
-0.27 (-2.73%)
Last: Mar 3, 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.
Overall HAI gets a fundamental rating of 6 out of 10. We evaluated HAI against 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 growing strongly while it is still valued neutral. This is a good combination! With these ratings, HAI could be worth investigating further for growth investing!.
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.
- 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
- Looking at the Return On Assets, with a value of 0.08%, HAI is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
- The Return On Equity of HAI (0.12%) is better than 84.62% of its industry peers.
- HAI's Return On Invested Capital of 0.24% is amongst the best of the industry. HAI outperforms 84.62% of its industry peers.
- 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
- The Profit Margin of HAI (0.08%) is better than 76.92% of its industry peers.
- HAI's Profit Margin has declined in the last couple of years.
- 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 has a Gross Margin of 72.51%. This is amongst the best in 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.
- The number of shares outstanding for HAI has been increased compared to 5 years ago.
- Compared to 1 year ago, HAI has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 4.48 indicates that HAI is not in any danger for bankruptcy at the moment.
- With a decent Altman-Z score value of 4.48, 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.
- With an excellent Debt to FCF ratio value of 1.43, HAI belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
- HAI has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.08, HAI is in the better half of 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 | 4.48 |
ROIC/WACC0.03
WACC8.79%
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.
- HAI has a better Current ratio (1.64) than 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'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
- The Earnings Per Share has grown by an impressive 850.00% over the past 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 small growth in Revenue. The Revenue has grown by 6.25% in the last year.
- Measured over the past years, HAI shows a quite strong growth in Revenue. The Revenue has been growing by 11.82% on average per year.
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
- HAI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.71% yearly.
- 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 2Y21.02%
EPS Next 3Y28.71%
EPS Next 5YN/A
Revenue Next Year-1.32%
Revenue Next 2Y6.63%
Revenue Next 3Y8.04%
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.
4. HAI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 64.20, 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.
- The average S&P500 Price/Earnings ratio is at 26.83. HAI is valued rather expensively when compared to this.
- HAI is valuated quite expensively with a Price/Forward Earnings ratio of 43.84.
- Based on the Price/Forward Earnings ratio, HAI is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
- HAI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.95.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.2 | ||
| Fwd PE | 43.84 |
4.2 Price Multiples
- HAI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HAI is cheaper than 61.54% of the companies in the same industry.
- HAI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HAI is cheaper than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.61 | ||
| EV/EBITDA | 27.44 |
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)28.49
EPS Next 2Y21.02%
EPS Next 3Y28.71%
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 (3/3/2026, 7:00:00 PM)
9.63
-0.27 (-2.73%)
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 Owners4.52%
Inst Owner ChangeN/A
Ins Owners36.35%
Ins Owner ChangeN/A
Market Cap261.84M
Revenue(TTM)137.63M
Net Income(TTM)114.70K
Analysts82.5
Price Target10.39 (7.89%)
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)62.35%
PT rev (3m)64.58%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)133.3%
EPS NY rev (1m)0%
EPS NY rev (3m)7.41%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)6.05%
Revenue NY rev (1m)2.62%
Revenue NY rev (3m)2.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.2 | ||
| Fwd PE | 43.84 | ||
| P/S | 1.9 | ||
| P/FCF | 37.61 | ||
| P/OCF | 30.07 | ||
| P/B | 2.68 | ||
| P/tB | 6.07 | ||
| EV/EBITDA | 27.44 |
EPS(TTM)0.15
EY1.56%
EPS(NY)0.22
Fwd EY2.28%
FCF(TTM)0.26
FCFY2.66%
OCF(TTM)0.32
OCFY3.33%
SpS5.06
BVpS3.59
TBVpS1.59
PEG (NY)N/A
PEG (5Y)28.49
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 | 4.48 |
F-Score6
WACC8.79%
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 2Y6.63%
Revenue Next 3Y8.04%
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 64.2 and the Price/Book (PB) ratio is 2.68.
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%.