| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
HAI Stock Overview
Haivision Systems Inc. provides infrastructure solutions worldwide.
Haivision Systems Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$5.23 |
| 52 Week High | CA$9.70 |
| 52 Week Low | CA$4.63 |
| Beta | 0 |
| 1 Month Change | -0.76% |
| 3 Month Change | 0.58% |
| 1 Year Change | -41.50% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -32.69% |
Recent News & Updates
Shareholder Returns
| HAI | CA Communications | CA Market | |
|---|---|---|---|
| 7D | 2.8% | 2.9% | 3.2% |
| 1Y | -41.5% | 13.0% | 2.1% |
Return vs Industry: HAI underperformed the Canadian Communications industry which returned 11.7% over the past year.
Return vs Market: HAI underperformed the Canadian Market which returned 1% over the past year.
Price Volatility
| HAI volatility | |
|---|---|
| HAI Average Weekly Movement | 8.2% |
| Communications Industry Average Movement | 8.3% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in CA Market | 18.9% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: HAI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: HAI's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 386 | Mirko Wicha | https://www.haivision.com |
Haivision Systems Inc. provides infrastructure solutions worldwide. It offers Makito Series, a range of products designs to encode and decode 4K/UHD HEVC and H.264 video formats, and low latency end-to-end streaming over IP suitable for live and interactive video applications; KB Series, a software encoder and transcoder that delivers high-quality video streaming for resolutions up to 4K/UHD; Kraken, a software-based high-low latency tactical live video encoder and transcoder for video streams to traverse different networks and feed enterprise distribution networks; Haivision Media Platform, a software platform provides low latency and live video distribution; Haivision/CineMassive CineNet, a software platform for situational awareness and real-time decision making in mission-critical command and control environments; Haivision Element Management System, a cloud software-based solution which enables the streamlined management and monitoring of geographically distributed edge devices within a single web-based graphical user interface; Haivision SRT Gateway, a hybrid software-based solution for secure routing of live video streams across different types of IP networks; Haivision Hub, a cloud-based service for live and low latency media routing across the Microsoft Azure network; Haivision Connect, a cloud software as a service platform for delivering live and on-demand content to video portals and web sites; Haivision Connect DVR, a cloud-based service that connects multi-site ministries; and SRT Streaming Protocol that optimizes streaming performance across unpredictable networks. It also provides playing back and displaying solutions; and online streaming services.
Haivision Systems Fundamentals Summary
| HAI fundamental statistics | |
|---|---|
| Market Cap | CA$150.78m |
| Earnings (TTM) | CA$1.22m |
| Revenue (TTM) | CA$105.97m |
123.4x
P/E Ratio1.4x
P/S RatioIs HAI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HAI income statement (TTM) | |
|---|---|
| Revenue | CA$105.97m |
| Cost of Revenue | CA$30.26m |
| Gross Profit | CA$75.71m |
| Other Expenses | CA$74.49m |
| Earnings | CA$1.22m |
Last Reported Earnings
Apr 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.042 |
| Gross Margin | 71.44% |
| Net Profit Margin | 1.15% |
| Debt/Equity Ratio | 20.4% |
How did HAI perform over the long term?
See historical performance and comparisonValuation
Is HAI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HAI?
Other financial metrics that can be useful for relative valuation.
| What is HAI's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$150.78m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.6x |
| Enterprise Value/EBITDA | -24.1x |
| PEG Ratio | 0.9x |
Price to Earnings Ratio vs Peers
How does HAI's PE Ratio compare to its peers?
| HAI PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 36x | ||
QTRH Quarterhill | 10.5x | -114.2% | CA$225.7m |
CMI C-Com Satellite Systems | 69.8x | n/a | CA$78.0m |
VCM Vecima Networks | 61.5x | 79.4% | CA$408.2m |
ENA Enablence Technologies | 2.3x | n/a | CA$38.1m |
HAI Haivision Systems | 123.4x | 143.8% | CA$150.8m |
Price-To-Earnings vs Peers: HAI is expensive based on its Price-To-Earnings Ratio (123.4x) compared to the peer average (36x).
Price to Earnings Ratio vs Industry
How does HAI's PE Ratio compare vs other companies in the North American Communications Industry?
Price-To-Earnings vs Industry: HAI is expensive based on its Price-To-Earnings Ratio (123.4x) compared to the Canadian Communications industry average (37.6x)
Price to Earnings Ratio vs Fair Ratio
What is HAI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 123.4x |
| Fair PE Ratio | 185.1x |
Price-To-Earnings vs Fair Ratio: HAI is good value based on its Price-To-Earnings Ratio (123.4x) compared to the estimated Fair Price-To-Earnings Ratio (185.1x).
Share Price vs Fair Value
What is the Fair Price of HAI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HAI (CA$5.23) is trading below our estimate of fair value (CA$8.2)
Significantly Below Fair Value: HAI is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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Future Growth
How is Haivision Systems forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
143.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAI's forecast earnings growth (143.8% per year) is above the savings rate (1.6%).
Earnings vs Market: HAI's earnings (143.8% per year) are forecast to grow faster than the Canadian market (8% per year).
High Growth Earnings: HAI's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HAI's revenue (17.9% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: HAI's revenue (17.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HAI's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has Haivision Systems performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-33.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAI has a large one-off gain of CA$13.1M impacting its April 30 2022 financial results.
Growing Profit Margin: HAI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HAI has become profitable over the past 5 years, growing earnings by -33.2% per year.
Accelerating Growth: HAI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HAI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (33.4%).
Return on Equity
High ROE: HAI's Return on Equity (1.4%) is considered low.
Discover strong past performing companies
Financial Health
How is Haivision Systems's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: HAI's short term assets (CA$60.2M) exceed its short term liabilities (CA$41.2M).
Long Term Liabilities: HAI's short term assets (CA$60.2M) exceed its long term liabilities (CA$14.7M).
Debt to Equity History and Analysis
Debt Level: HAI's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HAI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HAI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if HAI's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Dividend
What is Haivision Systems's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HAI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HAI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HAI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HAI's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as HAI has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Mirko Wicha
18.58yrs
Tenure
CA$2,412,264
Compensation
Mr. Miroslav Wicha, also known as Mirko serves as Chairman of the Board and Chief Executive Officer of HaiVision Systems Inc. since 2004 and also serves as its President. Mr. Wicha has many years of execu...
CEO Compensation Analysis
Compensation vs Market: Mirko's total compensation ($USD1.87M) is above average for companies of similar size in the Canadian market ($USD185.86K).
Compensation vs Earnings: Insufficient data to compare Mirko's compensation with company performance.
Leadership Team
Experienced Management: HAI's management team is considered experienced (2.6 years average tenure).
Board Members
Experienced Board: HAI's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Haivision Systems Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Haivision Systems Inc.
- Ticker: HAI
- Exchange: TSX
- Founded: 2004
- Industry: Communications Equipment
- Sector: Tech
- Implied Market Cap: CA$150.779m
- Shares outstanding: 28.83m
- Website: https://www.haivision.com
Number of Employees
Location
- Haivision Systems Inc.
- 2600 Alfred-Nobel Boulevard
- 5th Floor
- Montreal
- Quebec
- H4S 0A9
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/16 00:00 |
| End of Day Share Price | 2022/08/16 00:00 |
| Earnings | 2022/04/30 |
| Annual Earnings | 2021/10/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.