HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
Canada - TSX:HAI - CA40531F1009 - Common Stock
5.05 CAD
+0.02 (+0.4%)
Overall HAI gets a fundamental rating of 4 out of 10. We evaluated HAI against 12 industry peers in the Communications Equipment industry. The financial health of HAI is average, but 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
HAI had negative 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.
HAI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
HAI has a better Return On Assets (-0.70%) than 66.67% of its industry peers.
Looking at the Return On Equity, with a value of -1.06%, HAI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| 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.
HAI's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 73.26%, HAI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
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.
Compared to 1 year ago, HAI has less shares outstanding
The number of shares outstanding for HAI has been increased compared to 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 2.64 indicates that HAI is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.64, HAI perfoms like the industry average, outperforming 58.33% of the companies in the same 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.
HAI's Debt to FCF ratio of 3.50 is in line compared to the rest of the industry. HAI outperforms 58.33% of its industry peers.
HAI has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.13, HAI perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 2.64 |
ROIC/WACCN/A
WACC9.12%
2.3 Liquidity
A Current Ratio of 1.49 indicates that HAI should not have too much problems paying its short term obligations.
HAI has a Current ratio of 1.49. This is comparable to the rest of the industry: HAI outperforms 58.33% of its industry peers.
HAI has a Quick Ratio of 1.14. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.14, HAI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
HAI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -125.00%.
HAI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.25% yearly.
HAI shows a decrease in Revenue. In the last year, the revenue decreased by -7.38%.
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)-125%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%0%
Revenue 1Y (TTM)-7.38%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%14.26%
3.2 Future
HAI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 41.53% yearly.
The Revenue is expected to grow by 4.09% on average over the next years.
EPS Next Y-120.2%
EPS Next 2Y41.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.34%
Revenue Next 2Y3.83%
Revenue Next 3Y4.09%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for HAI. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 16.81, HAI is valued correctly.
83.33% 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 (22.88), we can say HAI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 16.81 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.93 | ||
| EV/EBITDA | 20.2 |
4.3 Compensation for Growth
A more expensive valuation may be justified as HAI's earnings are expected to grow with 41.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.53%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for HAI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:HAI (9/17/2025, 7:00:00 PM)
5.05
+0.02 (+0.4%)
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 Cap138.02M
Analysts72.5
Price Target6.42 (27.13%)
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)14.99%
PT rev (3m)16.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-66.67%
EPS NY rev (1m)-135.29%
EPS NY rev (3m)-135.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.64%
Revenue NY rev (1m)1.97%
Revenue NY rev (3m)5.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 16.81 | ||
| P/S | 1.12 | ||
| P/FCF | 31.93 | ||
| P/OCF | 20.51 | ||
| P/B | 1.5 | ||
| P/tB | 3.8 | ||
| EV/EBITDA | 20.2 |
EPS(TTM)-0.04
EYN/A
EPS(NY)0.3
Fwd EY5.95%
FCF(TTM)0.16
FCFY3.13%
OCF(TTM)0.25
OCFY4.88%
SpS4.51
BVpS3.37
TBVpS1.33
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 | 2.64 |
F-Score5
WACC9.12%
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)-125%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%0%
EPS Next Y-120.2%
EPS Next 2Y41.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.38%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%14.26%
Revenue Next Year-1.34%
Revenue Next 2Y3.83%
Revenue Next 3Y4.09%
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%