HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
TSX:HAI - Toronto Stock Exchange - CA40531F1009 - Common Stock - Currency: CAD
HAI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 10 industry peers in the Communications Equipment industry. HAI has only an average score on both its financial health and profitability. HAI has a correct valuation and a medium 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.
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
With a Return On Assets value of 3.32%, HAI perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
HAI has a Return On Equity of 4.85%. This is comparable to the rest of the industry: HAI outperforms 60.00% of its industry peers.
The Return On Invested Capital of HAI (3.67%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 4.85% | ||
| ROIC | 3.67% |
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 of 3.63% is in line compared to the rest of the industry. HAI outperforms 60.00% of its industry peers.
In the last couple of years the Profit Margin of HAI has declined.
The Operating Margin of HAI (4.23%) is comparable to the rest of the industry.
HAI's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 73.10%, HAI belongs to the best 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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.23% | ||
| PM (TTM) | 3.63% | ||
| GM | 73.1% |
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
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.
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 3.24 indicates that HAI is not in any danger for bankruptcy at the moment.
HAI's Altman-Z score of 3.24 is in line compared to the rest of the industry. HAI outperforms 60.00% of its industry peers.
The Debt to FCF ratio of HAI is 0.59, which is an excellent value as it means it would take HAI, only 0.59 years of fcf income to pay off all of its debts.
HAI has a better Debt to FCF ratio (0.59) than 80.00% of its industry peers.
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 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.59 | ||
| Altman-Z | 3.24 |
ROIC/WACC0.46
WACC7.95%
2.3 Liquidity
A Current Ratio of 1.70 indicates that HAI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.70, HAI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
HAI has a Quick Ratio of 1.29. 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 1.29 is fine compared to the rest of the industry. HAI outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 850.00% over the past year.
Measured over the past 5 years, HAI shows a small growth in Earnings Per Share. The EPS has been growing by 2.26% on average per year.
HAI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.52%.
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 5Y2.26%
EPS Q2Q%-12.5%
Revenue 1Y (TTM)-25.52%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%-15.62%
3.2 Future
The Earnings Per Share is expected to grow by 64.11% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 3.12% on average over the next years.
EPS Next Y61.6%
EPS Next 2Y64.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.02%
Revenue Next 2Y3.12%
Revenue Next 3YN/A
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
The Price/Earnings ratio is 34.87, which means the current valuation is very expensive for HAI.
HAI's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of HAI to the average of the S&P500 Index (29.53), we can say HAI is valued inline with the index average.
The Price/Forward Earnings ratio is 21.58, which indicates a rather expensive current valuation of HAI.
Based on the Price/Forward Earnings ratio, HAI is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
HAI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.65.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.87 | ||
| Fwd PE | 21.58 |
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 cheaply inside the industry as 90.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.42 | ||
| EV/EBITDA | 9.14 |
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's earnings are expected to grow with 64.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)15.45
EPS Next 2Y64.11%
EPS Next 3YN/A
5. Dividend
5.1 Amount
HAI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:HAI (2/21/2025, 7:00:00 PM)
5.23
-0.01 (-0.19%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners4.1%
Inst Owner ChangeN/A
Ins Owners35.03%
Ins Owner ChangeN/A
Market Cap147.33M
Analysts77.5
Price Target6.12 (17.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
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)-50.16%
Min EPS beat(2)-83.5%
Max EPS beat(2)-16.83%
EPS beat(4)0
Avg EPS beat(4)-36.41%
Min EPS beat(4)-83.5%
Max EPS beat(4)-0.99%
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)0
Avg Revenue beat(2)-13.25%
Min Revenue beat(2)-15.73%
Max Revenue beat(2)-10.78%
Revenue beat(4)0
Avg Revenue beat(4)-7.9%
Min Revenue beat(4)-15.73%
Max Revenue beat(4)-0.13%
Revenue beat(8)4
Avg Revenue beat(8)0.19%
Revenue beat(12)6
Avg Revenue beat(12)0.22%
Revenue beat(16)7
Avg Revenue beat(16)-0.75%
PT rev (1m)-17.24%
PT rev (3m)-17.24%
EPS NQ rev (1m)-47.61%
EPS NQ rev (3m)22.23%
EPS NY rev (1m)-20%
EPS NY rev (3m)-20%
Revenue NQ rev (1m)-12.64%
Revenue NQ rev (3m)-17.81%
Revenue NY rev (1m)-2%
Revenue NY rev (3m)-7.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.87 | ||
| Fwd PE | 21.58 | ||
| P/S | 1.14 | ||
| P/FCF | 8.42 | ||
| P/OCF | 7.56 | ||
| P/B | 1.52 | ||
| P/tB | 3.79 | ||
| EV/EBITDA | 9.14 |
EPS(TTM)0.15
EY2.87%
EPS(NY)0.24
Fwd EY4.63%
FCF(TTM)0.62
FCFY11.87%
OCF(TTM)0.69
OCFY13.23%
SpS4.6
BVpS3.44
TBVpS1.38
PEG (NY)0.57
PEG (5Y)15.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 4.85% | ||
| ROCE | 5.2% | ||
| ROIC | 3.67% | ||
| ROICexc | 4.33% | ||
| ROICexgc | 11.92% | ||
| OM | 4.23% | ||
| PM (TTM) | 3.63% | ||
| GM | 73.1% | ||
| FCFM | 13.5% |
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 5Y-25.42%
ROICexc growth 3YN/A
ROICexc growth 5Y-22.65%
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-Score8
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.59 | ||
| Debt/EBITDA | 0.51 | ||
| Cap/Depr | 20.54% | ||
| Cap/Sales | 1.54% | ||
| Interest Coverage | 11.06 | ||
| Cash Conversion | 128.26% | ||
| Profit Quality | 372.32% | ||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 3.24 |
F-Score8
WACC7.95%
ROIC/WACC0.46
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)850%
EPS 3Y-16.75%
EPS 5Y2.26%
EPS Q2Q%-12.5%
EPS Next Y61.6%
EPS Next 2Y64.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-25.52%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%-15.62%
Revenue Next Year-4.02%
Revenue Next 2Y3.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y211.68%
EBIT growth 3YN/A
EBIT growth 5Y1.06%
EBIT Next Year-77.22%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y23.21%
FCF growth 3Y129.92%
FCF growth 5Y25.45%
OCF growth 1Y25.82%
OCF growth 3Y106.42%
OCF growth 5Y25.22%