Executive Summary
Stingray Group Inc. operates as a music, media, and technology company worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record and fair value.
Similar Companies
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.
Market Performance
7 Day Return
0.4%
RAY.A
-0.7%
CA Media
1.4%
CA Market
1 Year Return
59.1%
RAY.A
32.4%
CA Media
29.1%
CA Market
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.
Shareholder returns
| RAY.A | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | -0.7% | 1.4% |
| 30 Day | -3.5% | -0.2% | -0.2% |
| 90 Day | 7.3% | 0.9% | 3.9% |
| 1 Year | 64.9%59.1% | 37.1%32.4% | 33.0%29.1% |
| 3 Year | -2.4%-13.5% | 47.6%33.2% | 31.5%18.7% |
| 5 Year | 27.9%8.5% | 63.9%35.9% | 51.8%29.4% |
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 St
Mark Pathy Is The Independent Chairman of Stingray Group Inc. (TSE:RAY.A) And They Just Picked Up 2.3% More Shares1 month ago | Simply Wall St
Stingray Group (TSE:RAY.A) Has A Somewhat Strained Balance Sheet2 months ago | Simply Wall St
Stingray Group Inc. (TSE:RAY.A) Is About To Go Ex-Dividend, And It Pays A 4.3% YieldValuation
Is Stingray Group undervalued compared to its fair value and its price relative to the market?
>50%
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).
Future Growth
How is Stingray Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
4.4%
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%)
Past Performance
How has Stingray Group performed over the past 5 years?
20.7%
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.
Financial Health
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).
Balance Sheet
Dividend
What is Stingray Group current dividend yield, its reliability and sustainability?
3.84%
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).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Eric Boyko (51 yo)
14.5yrs
Tenure
CA$1,340,667
Compensation
Mr. Eric Boyko, CGA, C.P.A., Co-founded Stingray Group Inc. (formerly known as Stingray Digital Group Inc.) in 2007 and has been its President and Chief Executive Officer since 2010. Mr. Boyko Co-Founded S...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($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.
Leadership Team
Experienced Management: RAY.A's management team is seasoned and experienced (6.4 years average tenure).
Board Members
Experienced Board: RAY.A's board of directors are considered experienced (6.3 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 company bio, employee growth, exchange listings and data sources
Key Information
- 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
Location
- Stingray Group Inc.
- 730 Wellington Street
- Montreal
- Quebec
- H3C 1T4
- Canada
Listings
Biography
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 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.