Haivision Systems Inc.

DB:H8A Stock Report

Market Cap: €94.5m

Haivision Systems Valuation

Is H8A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of H8A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: H8A (€3.26) is trading below our estimate of fair value (€21.26)

Significantly Below Fair Value: H8A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for H8A?

Key metric: As H8A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for H8A. This is calculated by dividing H8A's market cap by their current earnings.
What is H8A's PE Ratio?
PE Ratio26.8x
EarningsCA$5.17m
Market CapCA$138.67m

Price to Earnings Ratio vs Peers

How does H8A's PE Ratio compare to its peers?

The above table shows the PE ratio for H8A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.9x
FEW Funkwerk
9.9xn/a€163.6m
CEK CeoTronics
32.6x25.1%€41.1m
DAM DATA MODUL Produktion und Vertrieb von elektronischen Systemen
12.7x15.3%€96.6m
M7U Nynomic
12.3x17.5%€116.0m
H8A Haivision Systems
26.8x48.4%€138.7m

Price-To-Earnings vs Peers: H8A is expensive based on its Price-To-Earnings Ratio (26.8x) compared to the peer average (16.9x).

Price to Earnings Ratio vs Industry

How does H8A's PE Ratio compare vs other companies in the European Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
H8A 26.8xIndustry Avg. 31.4xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: H8A is good value based on its Price-To-Earnings Ratio (26.8x) compared to the Global Communications industry average (31x).

Price to Earnings Ratio vs Fair Ratio

What is H8A'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.

H8A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.8x
Fair PE Ratio20.6x

Price-To-Earnings vs Fair Ratio: H8A is expensive based on its Price-To-Earnings Ratio (26.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst H8A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.26
€4.82
+47.7%
3.4%€4.98€4.65n/a4
Nov ’25€3.08
€4.82
+56.3%
3.4%€4.98€4.65n/a4
Oct ’25€3.22
€4.82
+49.5%
3.4%€4.98€4.65n/a4
Sep ’25€3.68
€5.09
+38.4%
3.8%€5.27€4.76n/a4
Aug ’25€2.68
€5.09
+90.1%
3.8%€5.27€4.76n/a4
Jul ’25€2.66
€5.09
+91.5%
3.8%€5.27€4.76n/a4
Jun ’25€2.86
€5.27
+84.2%
5.6%€5.44€4.76n/a4
May ’25€3.06
€5.27
+72.1%
5.6%€5.44€4.76n/a4
Apr ’25€3.44
€5.27
+53.1%
5.6%€5.44€4.76n/a4
Mar ’25€3.24
€5.10
+57.6%
6.5%€5.50€4.64n/a4
Feb ’25€3.00
€5.13
+71.1%
7.2%€5.48€4.62n/a3
Jan ’25€2.34
€4.40
+88.2%
3.7%€4.52€4.17n/a3
Dec ’24€2.32
€4.40
+89.8%
3.7%€4.52€4.17n/a3
Nov ’24€2.38
€4.40
+85.0%
3.7%€4.52€4.17€3.083
Oct ’24€2.50
€4.40
+76.1%
3.7%€4.52€4.17€3.223
Sep ’24€2.38
€3.68
+54.7%
14.3%€4.42€3.23€3.683
Aug ’24€2.56
€3.69
+44.2%
12.3%€4.33€3.29€2.683
Jul ’24€2.62
€3.69
+40.9%
12.3%€4.33€3.29€2.663
Jun ’24€2.72
€3.24
+19.2%
5.3%€3.41€3.07€2.862
May ’24€2.72
€3.24
+19.2%
5.3%€3.41€3.07€3.062
Apr ’24€2.60
€3.24
+24.7%
5.3%€3.41€3.07€3.442
Mar ’24€2.50
€2.76
+10.3%
12.5%€3.10€2.41€3.242
Feb ’24€2.48
€2.76
+11.2%
12.5%€3.10€2.41€3.002
Jan ’24€2.14
€3.62
+69.0%
5.3%€3.81€3.43€2.342
Dec ’23€2.26
€3.62
+60.0%
5.3%€3.81€3.43€2.322
Nov ’23€1.93
€3.62
+87.4%
5.3%€3.81€3.43€2.382

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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