HAIVISION SYSTEMS INC (HAI.CA) Fundamental Analysis & Valuation
TSX:HAI • CA40531F1009
Current stock price
6.6 CAD
-0.05 (-0.75%)
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
- HAI had positive earnings in the past year.
- 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 (0.73%) than 76.92% of its industry peers.
- Looking at the Return On Equity, with a value of 1.07%, HAI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 1.57%, HAI belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
- HAI had an Average Return On Invested Capital over the past 3 years of 1.94%. This is significantly below the industry average of 13.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.73% | ||
| ROE | 1.07% | ||
| ROIC | 1.57% |
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's Profit Margin of 0.70% is fine compared to the rest of the industry. HAI outperforms 76.92% of its industry peers.
- HAI's Profit Margin has declined in the last couple of years.
- HAI has a better Operating Margin (1.62%) than 84.62% of its industry peers.
- In the last couple of years the Operating Margin of HAI has declined.
- The Gross Margin of HAI (72.12%) is better than 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 | 1.62% | ||
| PM (TTM) | 0.7% | ||
| GM | 72.12% |
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.
- 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.
- The debt/assets ratio for HAI has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.75 indicates that HAI is not in any danger for bankruptcy at the moment.
- With a decent Altman-Z score value of 3.75, 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 1.54. This is a very positive value and a sign of high solvency as it would only need 1.54 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 1.54, 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 0.10. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.10, HAI is in line with its industry, outperforming 53.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.54 | ||
| Altman-Z | 3.75 |
ROIC/WACC0.18
WACC8.89%
2.3 Liquidity
- A Current Ratio of 1.68 indicates that HAI should not have too much problems paying its short term obligations.
- The Current ratio of HAI (1.68) is better than 76.92% of its industry peers.
- A Quick Ratio of 1.35 indicates that HAI should not have too much problems paying its short term obligations.
- With an excellent Quick ratio value of 1.35, HAI belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.35 |
3. HAI.CA Growth Analysis
3.1 Past
- HAI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -85.71%.
- The earnings per share for HAI have been decreasing by -55.59% on average. This is quite bad
- The Revenue has grown by 17.53% in the past year. This is quite good.
- Measured over the past years, HAI shows a quite strong growth in Revenue. The Revenue has been growing by 10.62% on average per year.
EPS 1Y (TTM)-85.71%
EPS 3YN/A
EPS 5Y-55.59%
EPS Q2Q%75%
Revenue 1Y (TTM)17.53%
Revenue growth 3Y3.07%
Revenue growth 5Y10.62%
Sales Q2Q%25.1%
3.2 Future
- HAI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 193.30% yearly.
- HAI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.99% yearly.
EPS Next Y1009%
EPS Next 2Y372.51%
EPS Next 3Y193.3%
EPS Next 5YN/A
Revenue Next Year13.8%
Revenue Next 2Y12.39%
Revenue Next 3Y13.99%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. HAI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- HAI is valuated quite expensively with a Price/Earnings ratio of 660.00.
- Based on the Price/Earnings ratio, HAI is valued a bit cheaper than 69.23% of the companies in the same industry.
- HAI is valuated expensively when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 16.24, the valuation of HAI can be described as correct.
- HAI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAI is cheaper than 92.31% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 22.62. HAI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 660 | ||
| Fwd PE | 16.24 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, HAI is valued a bit cheaper than 61.54% of the companies in the same industry.
- 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 | 23.29 | ||
| EV/EBITDA | 15.36 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- HAI has a very decent profitability rating, which may justify a higher PE ratio.
- HAI's earnings are expected to grow with 193.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y372.51%
EPS Next 3Y193.3%
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 (4/23/2026, 7:00:00 PM)
6.6
-0.05 (-0.75%)
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 Owners1%
Inst Owner ChangeN/A
Ins Owners36.53%
Ins Owner ChangeN/A
Market Cap181.37M
Revenue(TTM)144.70M
Net Income(TTM)1.01M
Analysts82.5
Price Target11.79 (78.64%)
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)1
Avg EPS beat(2)-86.65%
Min EPS beat(2)-397.33%
Max EPS beat(2)224.03%
EPS beat(4)1
Avg EPS beat(4)-167.58%
Min EPS beat(4)-496.04%
Max EPS beat(4)224.03%
EPS beat(8)1
Avg EPS beat(8)-127.87%
EPS beat(12)3
Avg EPS beat(12)-79.44%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)7.54%
Min Revenue beat(2)3.37%
Max Revenue beat(2)11.7%
Revenue beat(4)4
Avg Revenue beat(4)7.55%
Min Revenue beat(4)3.37%
Max Revenue beat(4)11.7%
Revenue beat(8)4
Avg Revenue beat(8)-1.19%
Revenue beat(12)7
Avg Revenue beat(12)0.72%
Revenue beat(16)10
Avg Revenue beat(16)1.55%
PT rev (1m)13.5%
PT rev (3m)84.26%
EPS NQ rev (1m)-1000%
EPS NQ rev (3m)-145.83%
EPS NY rev (1m)-13.25%
EPS NY rev (3m)-17.24%
Revenue NQ rev (1m)-7.9%
Revenue NQ rev (3m)-15.11%
Revenue NY rev (1m)-1.24%
Revenue NY rev (3m)1.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 660 | ||
| Fwd PE | 16.24 | ||
| P/S | 1.25 | ||
| P/FCF | 23.29 | ||
| P/OCF | 19.71 | ||
| P/B | 1.92 | ||
| P/tB | 4.29 | ||
| EV/EBITDA | 15.36 |
EPS(TTM)0.01
EY0.15%
EPS(NY)0.41
Fwd EY6.16%
FCF(TTM)0.28
FCFY4.29%
OCF(TTM)0.33
OCFY5.07%
SpS5.27
BVpS3.43
TBVpS1.54
PEG (NY)0.65
PEG (5Y)N/A
Graham Number0.879006 (-86.68%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.73% | ||
| ROE | 1.07% | ||
| ROCE | 2.29% | ||
| ROIC | 1.57% | ||
| ROICexc | 1.86% | ||
| ROICexgc | 4.35% | ||
| OM | 1.62% | ||
| PM (TTM) | 0.7% | ||
| GM | 72.12% | ||
| FCFM | 5.38% |
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-Score7
Asset Turnover1.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.54 | ||
| Debt/EBITDA | 0.86 | ||
| Cap/Depr | 16.12% | ||
| Cap/Sales | 0.98% | ||
| Interest Coverage | 4.91 | ||
| Cash Conversion | 82.74% | ||
| Profit Quality | 767.98% | ||
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | 3.75 |
F-Score7
WACC8.89%
ROIC/WACC0.18
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)-85.71%
EPS 3YN/A
EPS 5Y-55.59%
EPS Q2Q%75%
EPS Next Y1009%
EPS Next 2Y372.51%
EPS Next 3Y193.3%
EPS Next 5YN/A
Revenue 1Y (TTM)17.53%
Revenue growth 3Y3.07%
Revenue growth 5Y10.62%
Sales Q2Q%25.1%
Revenue Next Year13.8%
Revenue Next 2Y12.39%
Revenue Next 3Y13.99%
Revenue Next 5YN/A
EBIT growth 1Y129.82%
EBIT growth 3YN/A
EBIT growth 5Y-42.12%
EBIT Next Year614.63%
EBIT Next 3Y131.1%
EBIT Next 5YN/A
FCF growth 1Y-52.26%
FCF growth 3YN/A
FCF growth 5Y-12.55%
OCF growth 1Y-48.9%
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 6 / 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%.