| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
RAY.A Stock Overview
Stingray Group Inc. operates as a music, media, and technology company worldwide.
Stingray Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$6.18 |
| 52 Week High | CA$7.85 |
| 52 Week Low | CA$5.13 |
| Beta | 0.92 |
| 1 Month Change | -3.59% |
| 3 Month Change | -2.83% |
| 1 Year Change | -16.94% |
| 3 Year Change | -19.64% |
| 5 Year Change | -27.89% |
| Change since IPO | -14.76% |
Recent News & Updates
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Stingray Group Inc. ( TSE:RAY.A ) has announced that it will pay a dividend of CA$0.075 per share on the 15th of...
Shareholder Returns
| RAY.A | CA Media | CA Market | |
|---|---|---|---|
| 7D | -1.3% | 0.1% | 2.5% |
| 1Y | -16.9% | -12.0% | -0.2% |
Return vs Industry: RAY.A underperformed the Canadian Media industry which returned -12.2% over the past year.
Return vs Market: RAY.A underperformed the Canadian Market which returned -1.1% over the past year.
Price Volatility
| RAY.A volatility | |
|---|---|
| RAY.A Average Weekly Movement | 6.2% |
| Media Industry Average Movement | 6.2% |
| Market Average Movement | 10.8% |
| 10% most volatile stocks in CA Market | 19.3% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: RAY.A is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: RAY.A's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 1,000 | Eric Boyko | https://www.stingray.com |
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 on television (TV), web, and mobile; Stingray Naturescape, a channel in 4K resolution; Stingray Now 4K, a curated 4K TV channel; and Stingray Festival 4K, a television channel that broadcasts exclusively in native 4K and Dolby Digital audio. It also provides Stingray Qello, an over-the-top streaming service on TV, mobile, and the web; Stingray Classica, a TV channel dedicated to classical music, including operas, ballets, concerts, and documentaries; Stingray iConcerts, a source for various live concerts; and Stingray DJAZZ, a TV channel dedicated to jazz and jazz-related genres, such as soul, blues, funk, gospel, hip-hop, fusion, reggae, Latin, swing, and bebop.
Stingray Group Fundamentals Summary
| RAY.A fundamental statistics | |
|---|---|
| Market Cap | CA$430.87m |
| Earnings (TTM) | CA$38.48m |
| Revenue (TTM) | CA$296.51m |
11.2x
P/E Ratio1.5x
P/S RatioIs RAY.A overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RAY.A income statement (TTM) | |
|---|---|
| Revenue | CA$296.51m |
| Cost of Revenue | CA$201.93m |
| Gross Profit | CA$94.58m |
| Other Expenses | CA$56.10m |
| Earnings | CA$38.48m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.55 |
| Gross Margin | 31.90% |
| Net Profit Margin | 12.98% |
| Debt/Equity Ratio | 137.4% |
How did RAY.A perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield55%
Payout RatioDoes RAY.A pay a reliable dividends?
See RAY.A dividend history and benchmarks| Stingray Group dividend dates | |
|---|---|
| Ex Dividend Date | Aug 30 2022 |
| Dividend Pay Date | Sep 15 2022 |
| Days until Ex dividend | 17 days |
| Days until Dividend pay date | 33 days |
Does RAY.A pay a reliable dividends?
See RAY.A dividend history and benchmarksValuation
Is RAY.A undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RAY.A?
Other financial metrics that can be useful for relative valuation.
| What is RAY.A's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$430.87m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.8x |
| Enterprise Value/EBITDA | 10x |
| PEG Ratio | 0.7x |
Price to Earnings Ratio vs Peers
How does RAY.A's PE Ratio compare to its peers?
| RAY.A PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.9x | ||
CJR.B Corus Entertainment | 5.6x | 6.6% | CA$800.9m |
TVA.B TVA Group | 7.4x | n/a | CA$109.7m |
ZUM ZoomerMedia | 7.6x | n/a | CA$33.1m |
WILD WildBrain | 27.1x | 64.8% | CA$430.6m |
RAY.A Stingray Group | 11.2x | 15.1% | CA$430.9m |
Price-To-Earnings vs Peers: RAY.A is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (11.9x).
Price to Earnings Ratio vs Industry
How does RAY.A's PE Ratio compare vs other companies in the North American Media Industry?
Price-To-Earnings vs Industry: RAY.A is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the Canadian Media industry average (9.2x)
Price to Earnings Ratio vs Fair Ratio
What is RAY.A'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11.2x |
| Fair PE Ratio | 12.8x |
Price-To-Earnings vs Fair Ratio: RAY.A is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.8x).
Share Price vs Fair Value
What is the Fair Price of RAY.A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RAY.A (CA$6.18) is trading below our estimate of fair value (CA$24.97)
Significantly Below Fair Value: RAY.A is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
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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Future Growth
How is Stingray Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
15.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RAY.A's forecast earnings growth (15.1% per year) is above the savings rate (1.6%).
Earnings vs Market: RAY.A's earnings (15.1% per year) are forecast to grow faster than the Canadian market (7.9% per year).
High Growth Earnings: RAY.A's earnings are forecast to grow, but not significantly.
Revenue vs Market: RAY.A's revenue (5.4% per year) is forecast to grow slower than the Canadian market (7% per year).
High Growth Revenue: RAY.A's revenue (5.4% 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 (23.5%)
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Past Performance
How has Stingray Group performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
51.2%
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 (13%) are lower than last year (16.3%).
Past Earnings Growth Analysis
Earnings Trend: RAY.A's earnings have grown significantly by 51.2% per year over the past 5 years.
Accelerating Growth: RAY.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RAY.A had negative earnings growth (-9%) over the past year, making it difficult to compare to the Media industry average (-7.5%).
Return on Equity
High ROE: RAY.A's Return on Equity (13.8%) is considered low.
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Financial Health
How is Stingray Group's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: RAY.A's short term assets (CA$100.8M) do not cover its short term liabilities (CA$122.4M).
Long Term Liabilities: RAY.A's short term assets (CA$100.8M) do not cover its long term liabilities (CA$477.6M).
Debt to Equity History and Analysis
Debt Level: RAY.A's net debt to equity ratio (132.5%) is considered high.
Reducing Debt: RAY.A's debt to equity ratio has increased from 62.4% to 137.4% over the past 5 years.
Debt Coverage: RAY.A's debt is well covered by operating cash flow (21.8%).
Interest Coverage: RAY.A's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
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Dividend
What is Stingray Group current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
4.85%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RAY.A's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Canadian market (1.89%).
High Dividend: RAY.A's dividend (4.85%) is low compared to the top 25% of dividend payers in the Canadian market (5.33%).
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 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55%), RAY.A's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.7%), RAY.A's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average management tenure
CEO
Eric Boyko (52 yo)
15.58yrs
Tenure
CA$1,034,967
Compensation
Mr. Eric Boyko, CGA, C.P.A., Co-founded Stingray Group Inc. (formerly known as Stingray Digital Group Inc.) in 2007 and has been its President and Chief Executive Officer since 2010. Mr. Boyko Co-Founded S...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD811.45K) is below average for companies of similar size in the Canadian market ($USD1.19M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: RAY.A's management team is seasoned and experienced (7.5 years average tenure).
Board Members
Experienced Board: RAY.A's board of directors are considered experienced (7.3 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Stingray Group Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Stingray Group Inc.
- Ticker: RAY.A
- Exchange: TSX
- Founded: 2007
- Industry: Broadcasting
- Sector: Media
- Implied Market Cap: CA$430.870m
- Shares outstanding: 69.73m
- Website: https://www.stingray.com
Number of Employees
Location
- Stingray Group Inc.
- 730 Wellington Street
- Montreal
- Quebec
- H3C 1T4
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/11 00:00 |
| End of Day Share Price | 2022/08/11 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/03/31 |
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.