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3 TSX Stocks Estimated To Be Trading Below Intrinsic Value By Up To 40.2%
Mon 09 Feb 26, 12:38 PM3 TSX Stocks That May Be Undervalued In February 2026
Wed 04 Feb 26, 12:38 PM3 TSX Stocks That Might Be Trading Below Their Estimated Value
Thu 29 Jan 26, 12:38 PM3 TSX Stocks Estimated To Be Up To 49.5% Below Intrinsic Value
Tue 30 Dec 25, 12:37 PMTSX Value Picks Including Constellation Software That Investors May Be Undervaluing
Mon 08 Dec 25, 12:37 PM3 TSX Stocks Estimated To Be Undervalued By Up To 48.9%
Fri 05 Dec 25, 12:37 PM3 TSX Stocks Trading At Estimated Discounts Up To 43.7%
Tue 02 Dec 25, 12:37 PMTSX Stocks That May Be Trading Below Estimated Value In December 2025
Mon 01 Dec 25, 12:37 PMTSX Stocks That May Be Trading Below Estimated Value In November 2025
Mon 24 Nov 25, 12:37 PM| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Income before tax | -2.01855M | 4.53M | -0.50805M | -6.30195M | -5.87975M |
| Minority interest | - | - | - | - | - |
| Net income | 0.11M | 4.70M | -1.26538M | -6.19244M | -8.78292M |
| Selling general administrative | 20.06M | 18.47M | 21.06M | 17.49M | 29.49M |
| Selling and marketing expenses | 30.31M | 27.33M | 30.32M | 30.01M | 21.20M |
| Gross profit | 91.97M | 94.69M | 98.58M | 86.33M | 69.33M |
| Reconciled depreciation | 8.82M | 9.71M | 9.84M | 8.23M | 2.74M |
| Ebit | -0.93029M | 5.58M | 1.23M | -2.84041M | -5.48718M |
| Ebitda | 7.89M | 15.30M | 11.07M | 5.39M | -2.67106M |
| Depreciation and amortization | 8.82M | 9.71M | 9.84M | 8.23M | 2.82M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 0.53M | 5.48M | 1.23M | -2.84041M | -5.48718M |
| Other operating expenses | 137.10M | 124.06M | 138.63M | 128.55M | 98.08M |
| Interest expense | 1.09M | 1.05M | 1.74M | 1.13M | 0.47M |
| Tax provision | -2.13318M | -0.16813M | 0.76M | -0.10951M | 2.90M |
| Interest income | 0.83M | 0.95M | 1.74M | 1.11M | 0.39M |
| Net interest income | -0.83282M | -0.95057M | -1.73765M | -1.10852M | -0.39258M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -2.13318M | -0.16813M | 0.76M | -0.10951M | 2.90M |
| Total revenue | 137.64M | 129.54M | 139.86M | 125.70M | 92.59M |
| Total operating expenses | 91.44M | 89.21M | 97.36M | 89.19M | 74.81M |
| Cost of revenue | 45.66M | 34.85M | 41.27M | 39.37M | 23.27M |
| Total other income expense net | -2.54877M | -0.95057M | -1.73765M | -3.46154M | -0.39258M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 0.11M | 4.70M | -1.26538M | -6.19244M | -8.78292M |
| Net income applicable to common shares | 0.11M | 4.70M | -1.26538M | -6.19244M | -8.78292M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Total assets | 145.04M | 141.32M | 144.09M | 148.60M | 122.48M |
| Intangible assets | 6.51M | 11.24M | 17.67M | 23.50M | 17.53M |
| Earning assets | - | - | - | - | - |
| Other current assets | 4.15M | - | - | 5.12M | 3.23M |
| Total liab | 47.46M | 44.52M | 49.94M | 58.35M | 33.56M |
| Total stockholder equity | 97.58M | 96.80M | 94.15M | 90.25M | 88.92M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 10.63M | - | - | 11.13M | 17.33M |
| Common stock | 85.93M | - | - | 90.18M | 89.79M |
| Capital stock | 85.93M | 88.74M | 90.90M | 90.18M | 89.79M |
| Retained earnings | -7.23902M | -6.11004M | -9.99659M | -9.19429M | -3.00185M |
| Other liab | - | - | - | 2.59M | 1.59M |
| Good will | 47.93M | 46.72M | 46.22M | 44.60M | 30.08M |
| Other assets | 9.83M | - | - | 2.78M | 4.71M |
| Cash | 17.20M | 16.47M | 8.29M | 5.77M | 26.84M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 39.01M | 36.00M | 38.08M | 44.88M | 24.38M |
| Current deferred revenue | 13.37M | - | - | 9.25M | 7.91M |
| Net debt | -7.21722M | - | - | 19.20M | -18.24935M |
| Short term debt | 5.39M | - | - | 14.10M | 1.00M |
| Short long term debt | 3.76M | 3.38M | 5.65M | 12.56M | - |
| Short long term debt total | 9.98M | - | - | 24.97M | 8.59M |
| Other stockholder equity | 11.31M | - | - | 4.56M | 2.68M |
| Property plant equipment | 8.22M | - | - | 12.76M | 9.77M |
| Total current assets | 60.61M | 61.22M | 59.61M | 61.67M | 60.38M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | - | - | 22.15M | 41.31M |
| Short term investments | - | - | - | - | - |
| Net receivables | 25.99M | 23.84M | 26.11M | 29.71M | 21.48M |
| Long term debt | 1.30M | 1.46M | 2.10M | 2.62M | 0.00000M |
| Inventory | 13.28M | 14.93M | 18.93M | 21.06M | 8.84M |
| Accounts payable | 9.62M | 10.91M | 8.84M | 10.41M | 6.80M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 18.89M | - | - | 4.70M | -0.54625M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 8.52M | - | - | 3.30M | 2.53M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 84.43M | 80.10M | 84.48M | 86.93M | 62.10M |
| Capital lease obligations | 4.93M | 5.43M | 8.43M | 9.80M | 8.59M |
| Long term debt total | 4.59M | - | - | 10.87M | 7.59M |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Investments | - | -2.19950M | -3.07254M | -25.75666M | -20.32318M |
| Change to liabilities | - | - | - | 3.93M | -2.52499M |
| Total cashflows from investing activities | -1.74548M | -2.19950M | -3.07254M | -25.75666M | -20.32318M |
| Net borrowings | -1.81917M | -5.02402M | -9.88288M | 8.58M | -3.07809M |
| Total cash from financing activities | -6.68688M | -9.18177M | -9.88288M | 8.58M | 30.23M |
| Change to operating activities | - | - | - | 0.60M | -1.60765M |
| Net income | 0.11M | 4.70M | -1.26538M | -6.19244M | -8.78292M |
| Change in cash | 0.73M | 8.19M | 2.51M | -21.06561M | 11.12M |
| Begin period cash flow | 16.47M | 8.29M | 5.77M | 26.84M | 15.72M |
| End period cash flow | 17.20M | 16.47M | 8.29M | 5.77M | 26.84M |
| Total cash from operating activities | 8.71M | 19.49M | 15.25M | -5.07918M | 2.22M |
| Issuance of capital stock | - | - | - | 0.00000M | 34.50M |
| Depreciation | 8.82M | 9.71M | 9.84M | 8.23M | 2.74M |
| Other cashflows from investing activities | 0.00000M | -0.20423M | -1.78076M | -24.71457M | -19.54657M |
| Dividends paid | - | - | - | 0.00000M | 1.53M |
| Change to inventory | 1.65M | 4.00M | 2.13M | -8.63221M | -0.30844M |
| Change to account receivables | -3.52494M | 2.57M | 1.36M | -1.60961M | -3.40571M |
| Sale purchase of stock | -4.39706M | -3.65671M | -0.24284M | 0.00000M | 4.85M |
| Other cashflows from financing activities | -0.47066M | -0.50104M | -2.12007M | 11.17M | 0.34M |
| Change to netincome | - | - | - | -1.41180M | 16.11M |
| Capital expenditures | 1.75M | 2.00M | 1.29M | 1.04M | 0.78M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 1.86M | 7.31M | 6.12M | -5.70929M | -7.84679M |
| Stock based compensation | 3.49M | 2.29M | 2.16M | 2.70M | 16.83M |
| Other non cash items | -1.43800M | -3.43181M | -0.06502M | -3.23510M | -4.95542M |
| Free cash flow | 6.96M | 17.49M | 14.20M | -6.12128M | 1.44M |
Sector: Technology Industry: Software - Infrastructure
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HAI Haivision Systems Inc |
0.15 1.51% | 10.09 | - | 49.75 | 1.71 | 2.49 | 1.71 | 29.91 |
| MSFT Microsoft CDR (CAD Hedged) |
-0.29 1.00% | 28.71 | 24.95 | 24.27 | 13.95 | 7.58 | 9.89 | 16.05 |
| BB BlackBerry Ltd |
-0.01 0.21% | 4.71 | 92.60 | 20.88 | 5.11 | 2.75 | 3.67 | 41.22 |
| CVO Coveo Solutions Inc |
0.20 4.00% | 5.20 | - | 303.03 | 3.82 | 4.02 | 2.09 | -48.2939 |
| TC Tucows Inc. |
-2.37 9.81% | 21.80 | - | 29.07 | 0.84 | 2.42 | 1.86 | 43.80 |
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.
2600 Blvd. Alfred-Nobel, Montreal, QC, Canada, H4S 0A9
| Name | Title | Year Born |
|---|---|---|
| Mr. Miroslav Wicha | Chairman, Pres & CEO | NA |
| Mr. Dan Rabinowitz | CFO, Sec. & EVP of Operations | NA |
| Mr. Peter Maag M.B.A. | Chief Strategy Officer & Exec. VP of Strategic Partnerships | NA |
| Mr. Leo Bull | Sr. VP of Global Accounts | NA |
| Mr. Marcus Schioler B.Sc. | VP of Marketing | NA |
| Ms. Jill Ram | VP of HR | NA |
| Mr. Jean-Phiippe Demers | Sr. VP of Operations | NA |
| Mr. Brian Henry | Chief Revenue Officer of MCS | NA |
| Mr. Miguel Serrano | Sr. VP of Cloud | NA |
| Mr. Blake Wenzel | Sr. VP of Products | NA |
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