White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
Haivision Systems Inc. provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally.
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Haivision Systems Inc. provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally. The company offers Haivision Command 360, a video wall solution for situational awareness and real-time decision-making in mission-critical environments; Haivision Media Platform that manages, shares, and delivers secure corporate communications, real-time video feeds, and broadcast IPTV; Haivision Play Pro, a free app for securely playing or streaming live SRT feeds from anywhere over the internet; Haivision Play Set-Top Boxes, a high quality viewing solution; Makito X H.264 that encodes high quality video at low latency with secure and reliable SRT streaming; Haivision StreamHub that receives, decodes, and distributes live video streams from any Haivision mobile transmitter; Haivision SRT Gateway, a broadcast solution for secure routing of live video streams across different types of IP networks; and SRT Open Source Protocol that delivers secure, high quality, and low latency video across the public internet. It provides intelligence, surveillance, reconnaissance (ISR) video solutions, including Makito X4, a low latency encoder for live broadcast and mission-critical video; Kraken, a video transcoder for mission-critical applications; Makito X4 Rugged, a video encoder for military-grade video encoding appliance; Haivision Play ISR, a free software application designed for defense and ISR; Makito X1 Rugged, a low latency for ISR and situational awareness video encoder; Makito FX, a real-time encoding for mission-critical video; and Haivision EMS, an element management system for centrally managing and monitoring encoders and decoders. The company was formerly known as Hajtek Vision Inc. and changed its name to Haivision Systems Inc. in June 2004. Haivision Systems Inc. was incorporated in 2004 and is headquartered in Montreal, Canada.
Haivision Systems Inc (HAIVF) currently trades at $2.70, while our model-based Fair Value estimate is $0.5100, 81.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $1.94 per share, and 6 of the 24 models we run sit above the $2.70 price.
Bear case: the Growth Earnings group reads lowest at $0.0600, and 18 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $0.5000 (bear) to $0.5200 (bull), the price of $2.70 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Haivision Systems Inc reported revenue of C$138M in FY2025 versus C$92.6M in FY2021, a compound +10.4%/yr. Reported net income was C$115K in FY2025.
Key figures
Market cap $89.5M · P/E ratio 67.5 · P/S ratio 0.06 · EPS (TTM) $0.0400 · Net margin 0.1% · Return on equity 1.7% · Return on assets (EBIT) −0.6% · Operating margin −9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 65% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −23% fair-value upside, at −81%, HAIVF screens richer than that median.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 11 months old). Earnings retained since then ($0.0369 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
$2.24
$3.21
$4.55
81
Growth DCF
$2.21
$3.07
$4.17
79
Owner Earnings
$2.29
$3.29
$4.66
77
All 24 models by family
DCF Models
FCF DCF
$2.24
$3.21
$4.55
81
Owner Earnings
$2.29
$3.29
$4.66
77
5Y Revenue Exit
$1.23
$1.43
$1.63
74
5Y EBITDA Exit
$2.86
$4.68
$6.91
74
5Y P/E Exit
$1.20
$1.35
$1.49
72
10Y Revenue Exit
$1.64
$1.94
$2.29
68
10Y EBITDA Exit
$2.56
$3.94
$5.96
68
10Y P/E Exit
$1.62
$1.89
$2.20
65
Earnings-Based
Graham-Dodd
$0.0200
$0.0800
$0.1100
64
Lynch FV
$0.0200
$0.0300
$0.0400
61
PEG = 1.0
$0.0200
$0.0300
$0.0400
57
EPV
$0.4900
$0.5000
$0.5100
74
Multiples
P/E Multiple
$0.0600
$0.0800
$0.1000
63
P/S Multiple
$0.0400
$0.0500
$0.0600
58
P/B Multiple
$0.0400
$0.0500
$0.0600
55
EV/EBIT
$0.6500
$0.7300
$0.8100
66
EV/EBITDA
$3.63
$4.71
$5.79
67
EV/Revenue
$0.5300
$0.5800
$0.6400
54
Asset-Based
NCAV (Graham)
$1.25
$1.67
$2.50
54
Growth DCF
Growth DCF
$2.21
$3.07
$4.17
79
Rev-Margin DCF
$1.23
$1.46
$1.76
74
Economic Profit
Residual Income
$1.49
$1.30
$1.18
71
ROIC Compounder
$0.4900
$0.5000
$0.5100
72
Growth Earnings
Growth-Adj P/E
$0.0400
$0.0600
$0.0800
67
Open the full fair value analysis →
Overall quality
57/100
Of which business quality 58
· Market factors (momentum, volatility) 19
Profitability
43
Margins and returns on capital today
Quality Growth
33
Are margins and returns improving?
Cashflow
60
Earnings quality: real cash, not paper profit
Fin. Strength
60
Balance sheet, leverage, solvency risk
Investment
96
Disciplined investing over empire-building
Low Volatility
36
Calm price path (market factor)
Momentum
17
Price trend over the last 3–12 months (market factor)
52W Momentum
4
Distance to the 52-week high (market factor)
Net Issuance
71
Share count: buybacks or dilution?
Open the full quality analysis →
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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Pick a strategy and jump into the live analysis with that exact screen applied.
Is Haivision Systems Inc (HAIVF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.5100 versus a price of $2.70, about −81% upside (overvalued).
What is the fair value of HAIVF?
Our model-based fair value for Haivision Systems Inc is $0.5100 (as of Sep 24, 2026), built from audited fundamentals. The current price: $2.70.
What is the quality score of HAIVF?
Haivision Systems Inc has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Haivision Systems Inc (HAIVF)?
Our model-based price target is the fair value of $0.5100 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $0.5000, optimistic scenario $0.5200. It is a calculation from audited fundamentals, not an analyst target.
What is the Haivision Systems Inc stock forecast for 2026?
Our models put fair value at $0.5100, about −81% upside versus a price of $2.70 (overvalued). Cautious scenario $0.5000, optimistic scenario $0.5200. The calculation is refreshed regularly with new filings.
What is the revenue of Haivision Systems Inc (HAIVF)?
Haivision Systems Inc reported trailing-twelve-month revenue of about C$143M (latest available figure, as of Sep 24, 2026).
What growth is priced into Haivision Systems Inc (HAIVF)?
For today's price to be fair in a discounted-cash-flow model, Haivision Systems Inc would have to grow free cash flow by +11.0 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of HAIVF use?
Our models discount Haivision Systems Inc at 12.8 %: a base by market capitalisation (micro), damped by beta 1.03, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Haivision Systems Inc that is +11.0 % per year a year over ten years, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Haivision Systems Inc (HAIVF) delivered so far?
Over the past 5 years revenue at Haivision Systems Inc grew +10.6 % a year. The price currently implies +11.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Haivision Systems Inc (HAIVF) growing?
The median revenue growth in the sector is +10.3 % a year. That is the yardstick for the growth priced into Haivision Systems Inc (+11.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Haivision Systems Inc (HAIVF)?
The free-cash-flow yield on the price is 5.99 %: that much free cash flow Haivision Systems Inc produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Haivision Systems Inc (HAIVF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Haivision Systems Inc it is $0.5100 per share (as of Sep 24, 2026), against a price of $2.70. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Haivision Systems Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HAIVF trades above its calculated fair value: price $2.70, fair value $0.5100, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HAIVF?
No. The price is what the market pays today ($2.70); the fair value is what the company's own numbers justify ($0.5100). For Haivision Systems Inc the two are $2.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Haivision Systems Inc worth?
The market values Haivision Systems Inc at about $89.5M (market capitalisation, as of Sep 24, 2026). Per share that is $2.70; our models calculate a fair value of $0.5100 per share.
What do the bullish and bearish scenarios say about HAIVF?
Our models span a range for Haivision Systems Inc: cautious scenario $0.5000, base $0.5100, optimistic $0.5200 per share (as of Sep 24, 2026, price $2.70). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is HAIVF from its 52-week high?
Haivision Systems Inc trades at $2.70, about 65% below its 52-week high of $7.61 and 3% above the low of $2.62 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.5100 is for.
Which stocks are comparable to Haivision Systems Inc?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, CrowdStrike Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Haivision Systems Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $2.70, calculated fair value $0.5100 (−81%), Quality Score 57/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HAIVF calculated?
We run Haivision Systems Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.5100, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Haivision Systems Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on
is it worth investing now.
What is the share price of Haivision Systems Inc (HAIVF)?
The closing price on Oct 2, 2026 was $2.70. Our model-based fair value is $0.5100, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Haivision Systems Inc right now?
The price sits above even our optimistic bull case ($0.5200). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band ($0.5000 to $0.5200), unusually little disagreement for a valuation.
Key figures of Haivision Systems Inc
How large is the market capitalisation of Haivision Systems Inc (HAIVF)?
The market capitalisation of Haivision Systems Inc is $89.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Haivision Systems Inc (HAIVF)?
The price-to-earnings ratio of Haivision Systems Inc is 67.5. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Haivision Systems Inc (HAIVF)?
The price-to-sales ratio of Haivision Systems Inc is 0.06 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Haivision Systems Inc (HAIVF)?
Earnings per share at Haivision Systems Inc are $0.0400 (price ÷ EPS = P/E 67.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Haivision Systems Inc (HAIVF)?
The net margin of Haivision Systems Inc is 0.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Haivision Systems Inc (HAIVF)?
The return on equity (ROE) of Haivision Systems Inc is 1.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Haivision Systems Inc (HAIVF)?
On an EBIT basis the return on assets of Haivision Systems Inc is −0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Haivision Systems Inc (HAIVF)?
The operating margin of Haivision Systems Inc is −9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Haivision Systems Inc (HAIVF)?
Revenue at Haivision Systems Inc is growing −5.1% versus a year earlier (3y avg +3.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Haivision Systems Inc (HAIVF)?
Earnings per share at Haivision Systems Inc are growing +65.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Haivision Systems Inc (HAIVF) hold?
Haivision Systems Inc holds more cash than debt, C$7.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Broad data
Sep 24, 2026