Haivision Systems Inc.

TSX:HAI Stock Report

Market Cap: CA$179.2m

Haivision Systems Future Growth

Future criteria checks 4/6

Haivision Systems is forecast to grow earnings and revenue by 73.6% and 9.4% per annum respectively while EPS is expected to grow by 70.4% per annum.

Key information

73.6%

Earnings growth rate

70.41%

EPS growth rate

Communications earnings growth22.5%
Revenue growth rate9.4%
Future return on equityn/a
Analyst coverage

Low

Last updated27 Apr 2026

Recent future growth updates

Recent updates

HAI: Buybacks And Modest Discount Rate Shift Will Support 2026 Confidence

Analysts have trimmed their price target on Haivision Systems by CA$2.50, citing updated assumptions around discount rates and valuation multiples, while keeping fair value broadly in line with prior estimates. Analyst Commentary Bullish Takeaways Bullish analysts see the revised price target as largely housekeeping, reflecting updated discount rate and multiple assumptions rather than a fundamental shift in the long term outlook.

HAI: Upgrade And Buybacks Will Support Confidence In 2026 Earnings Delivery

Analysts have updated their outlook on Haivision Systems, with the consensus price target now aligned with a fair value estimate of CA$11.56. Recent research points to refined assumptions for discount rate, revenue growth, profit margin, and future P/E rather than a major shift in the underlying story.

HAI: Upgrade And Buybacks Will Support Confidence In 2026 Earnings Delivery

Analysts have lifted their price target on Haivision Systems from CA$10.69 to CA$11.56, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples reflected in recent research such as the upgrade from Canaccord. Analyst Commentary Bullish Takeaways Bullish analysts view the higher CA$11.56 target as better aligned with updated assumptions on discount rates, suggesting the risk profile used in their models is now more closely matched to current conditions.

HAI: Upgrade And Buybacks Will Frame Balanced Expectations For 2026 Earnings

Analysts have adjusted their CA$ price target for Haivision Systems to reflect updated assumptions around discount rates, revenue growth, profit margins, and future P/E. The recent Canaccord upgrade highlights renewed confidence in the company’s outlook.

HAI: Upgrade And Buybacks Will Support Confidence In 2026 Earnings Execution

Analysts have raised their price target on Haivision Systems by CA$0.50 to CA$10.69, citing updated assumptions around fair value and price-to-earnings expectations following recent research commentary and an upgrade at Canaccord. Analyst Commentary Recent research commentary around Haivision Systems focuses on how updated assumptions feed into the refreshed fair value range and P/E expectations implied by the new CA$10.69 price target.

Long-Term Defense And Secure Video Demand Will Transform This Undervalued ISR And Control Room Leader

Catalysts About Haivision Systems Haivision Systems provides secure, low latency video networking, encoding and contribution solutions for mission critical, broadcast and enterprise customers worldwide. What are the underlying business or industry changes driving this perspective?

HAI: Upgrade And Buybacks Will Test Confidence In 2026 Guidance Execution

Analysts have lifted their price target on Haivision Systems from CA$8.13 to CA$10.19, pointing to adjustments in fair value, discount rate, revenue growth, profit margin, and future P/E assumptions following recent research updates such as the Canaccord upgrade. Analyst Commentary Bullish Takeaways Bullish analysts link the higher fair value estimate to a view that the revised assumptions on revenue growth and profit margins better reflect the company’s current positioning and recent research updates.

Mission-Focused Markets And Recurring Revenue Will Support A Steady Long-Term Outlook

Catalysts About Haivision Systems Haivision Systems provides secure, low latency video encoding, contribution and control room solutions to defense, government, enterprise and live broadcast customers. What are the underlying business or industry changes driving this perspective?

HAI: Fair Value View Will Rely On 2026 Guidance Execution

Analysts have lifted their price target on Haivision Systems from $7.63 to $8.13, citing updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions reflected in recent research. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as better aligned with their refreshed view of fair value, given updated assumptions on revenue growth and profit margins.

Investors Appear Satisfied With Haivision Systems Inc.'s (TSE:HAI) Prospects

Jan 16
Investors Appear Satisfied With Haivision Systems Inc.'s (TSE:HAI) Prospects

HAI: Higher P/E Outlook Will Support Re Rated Upside Potential

Analysts have lifted their price target on Haivision Systems to $7.63 from $6.09, citing updated assumptions around revenue growth, profit margin and a higher future P/E multiple following recent research. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the higher price target to $7.63 reflects updated assumptions around revenue growth and profitability that they see as better aligned with recent research on the business.

Transition To Manufacturing And Defense Tech Investments Will Drive Future Opportunities

Haivision Systems' consensus analyst price target was notably raised, driven by a near doubling of its future P/E multiple despite a substantial decline in net profit margin, resulting in a new fair value of CA$6.09. Valuation Changes Summary of Valuation Changes for Haivision Systems The Consensus Analyst Price Target has significantly risen from CA$4.96 to CA$6.09.
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$826 Million US Navy Contract Will Showcase Role In High-Margin, Mission-Critical Projects

Transition to a manufacturer model and international scaling will improve margins and drive growth.

Haivision Systems' (TSE:HAI) Earnings Offer More Than Meets The Eye

Jan 28
Haivision Systems' (TSE:HAI) Earnings Offer More Than Meets The Eye

Haivision Systems Inc.'s (TSE:HAI) Shares May Have Run Too Fast Too Soon

Jan 17
Haivision Systems Inc.'s (TSE:HAI) Shares May Have Run Too Fast Too Soon

Optimistic Investors Push Haivision Systems Inc. (TSE:HAI) Shares Up 26% But Growth Is Lacking

Aug 29
Optimistic Investors Push Haivision Systems Inc. (TSE:HAI) Shares Up 26% But Growth Is Lacking

Is Haivision Systems (TSE:HAI) Using Too Much Debt?

Aug 20
Is Haivision Systems (TSE:HAI) Using Too Much Debt?

Haivision Systems' (TSE:HAI) Performance Is Even Better Than Its Earnings Suggest

Mar 22
Haivision Systems' (TSE:HAI) Performance Is Even Better Than Its Earnings Suggest

Haivision Systems' (TSE:HAI) Robust Earnings Are Not All Good News For Shareholders

Mar 22
Haivision Systems' (TSE:HAI) Robust Earnings Are Not All Good News For Shareholders

Haivision Systems Inc.'s (TSE:HAI) Intrinsic Value Is Potentially 50% Above Its Share Price

Sep 25
Haivision Systems Inc.'s (TSE:HAI) Intrinsic Value Is Potentially 50% Above Its Share Price

Earnings and Revenue Growth Forecasts

TSX:HAI - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
10/31/202819125N/AN/A1
10/31/20271671317N/A4
10/31/2026149514N/A4
1/31/2026145189N/A
10/31/2025138079N/A
7/31/2025128-124N/A
4/30/2025123-146N/A
1/31/20251232911N/A
10/31/202413051719N/A
7/31/202413551315N/A
4/30/202413941719N/A
1/31/202414011719N/A
10/31/2023140-11415N/A
7/31/2023142-51112N/A
4/30/2023137-812N/A
1/31/2023131-712N/A
10/31/2022126-6-6-5N/A
7/31/2022115-5-8-7N/A
4/30/2022106100N/A
1/31/202298312N/A
10/31/202193-912N/A
7/31/202188-799N/A
4/30/202187-71212N/A
1/31/202187-61212N/A
10/31/20208361414N/A
7/31/20208161010N/A
10/31/2019744N/A6N/A
10/31/2018673N/A4N/A
11/1/2017552N/A2N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAI's forecast earnings growth (73.6% per year) is above the savings rate (2.9%).

Earnings vs Market: HAI's earnings (73.6% per year) are forecast to grow faster than the Canadian market (10.9% per year).

High Growth Earnings: HAI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HAI's revenue (9.4% per year) is forecast to grow faster than the Canadian market (5% per year).

High Growth Revenue: HAI's revenue (9.4% 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


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 08:12
End of Day Share Price 2026/05/04 00:00
Earnings2026/01/31
Annual Earnings2025/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Haivision Systems Inc. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nick CorcoranAcumen Capital Finance Partners Limited
Jesse PytlakATB Cormark Historical (Cormark Securities)
Donangelo VolpeBeacon Securities Limited