Stingray Group Inc. operates as a music, media, and technology company worldwide. More Details
Solid track record and fair value.
Share Price & News
How has Stingray Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RAY.A is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RAY.A's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: RAY.A exceeded the Canadian Media industry which returned 32.4% over the past year.
Return vs Market: RAY.A exceeded the Canadian Market which returned 29.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Stingray Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StMark Pathy Is The Independent Chairman of Stingray Group Inc. (TSE:RAY.A) And They Just Picked Up 2.3% More Shares
1 month ago | Simply Wall StStingray Group (TSE:RAY.A) Has A Somewhat Strained Balance Sheet
2 months ago | Simply Wall StStingray Group Inc. (TSE:RAY.A) Is About To Go Ex-Dividend, And It Pays A 4.3% Yield
Is Stingray Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RAY.A (CA$7.81) is trading below our estimate of fair value (CA$16.55)
Significantly Below Fair Value: RAY.A is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RAY.A is poor value based on its PE Ratio (12.7x) compared to the Canadian Media industry average (10.1x).
PE vs Market: RAY.A is good value based on its PE Ratio (12.7x) compared to the Canadian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: RAY.A is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: RAY.A is overvalued based on its PB Ratio (2.1x) compared to the CA Media industry average (1.7x).
How is Stingray Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RAY.A's forecast earnings growth (4.4% per year) is above the savings rate (1.5%).
Earnings vs Market: RAY.A's earnings (4.4% per year) are forecast to grow slower than the Canadian market (13.6% per year).
High Growth Earnings: RAY.A's earnings are forecast to grow, but not significantly.
Revenue vs Market: RAY.A's revenue (8.6% per year) is forecast to grow faster than the Canadian market (5.4% per year).
High Growth Revenue: RAY.A's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RAY.A's Return on Equity is forecast to be high in 3 years time (21%)
How has Stingray Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAY.A has high quality earnings.
Growing Profit Margin: RAY.A's current net profit margins (18.1%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: RAY.A's earnings have grown significantly by 20.7% per year over the past 5 years.
Accelerating Growth: RAY.A's earnings growth over the past year (222.9%) exceeds its 5-year average (20.7% per year).
Earnings vs Industry: RAY.A earnings growth over the past year (222.9%) exceeded the Media industry 19.7%.
Return on Equity
High ROE: RAY.A's Return on Equity (16.4%) is considered low.
How is Stingray Group's financial position?
Financial Position Analysis
Short Term Liabilities: RAY.A's short term assets (CA$90.6M) do not cover its short term liabilities (CA$120.5M).
Long Term Liabilities: RAY.A's short term assets (CA$90.6M) do not cover its long term liabilities (CA$427.7M).
Debt to Equity History and Analysis
Debt Level: RAY.A's debt to equity ratio (122.1%) is considered high.
Reducing Debt: RAY.A's debt to equity ratio has increased from 38.8% to 122.1% over the past 5 years.
Debt Coverage: RAY.A's debt is well covered by operating cash flow (31.1%).
Interest Coverage: RAY.A's interest payments on its debt are well covered by EBIT (3.8x coverage).
What is Stingray Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RAY.A's dividend (3.84%) is higher than the bottom 25% of dividend payers in the Canadian market (1.58%).
High Dividend: RAY.A's dividend (3.84%) is low compared to the top 25% of dividend payers in the Canadian market (4.57%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RAY.A has been paying a dividend for less than 10 years.
Growing Dividend: RAY.A's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.7%), RAY.A's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RAY.A's dividends in 3 years are forecast to be well covered by earnings (29.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Boyko (51 yo)
Mr. Eric Boyko, CGA, C.P.A., Co-founded Stingray Group Inc. (formerly known as Stingray Digital Group Inc.) in 2007 and has been its President and Chief Executive Officer since 2010. Mr. Boyko Co-Founded S...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD1.08M) is about average for companies of similar size in the Canadian market ($USD833.87K).
Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.
Experienced Management: RAY.A's management team is seasoned and experienced (6.4 years average tenure).
Experienced Board: RAY.A's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RAY.A insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Stingray Group Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Stingray Group Inc.
- Ticker: RAY.A
- Exchange: TSX
- Founded: 2007
- Industry: Broadcasting
- Sector: Media
- Market Cap: CA$558.762m
- Shares outstanding: 71.54m
- Website: https://www.stingray.com
Number of Employees
- Stingray Group Inc.
- 730 Wellington Street
- H3C 1T4
Stingray Group Inc. operates as a music, media, and technology company worldwide. The company offers Stingray Music, a multiplatform music service that gives listeners free access to curated music channels...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 00:32|
|End of Day Share Price||2021/07/30 00:00|
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.