Stingray Group Future Growth

Future criteria checks 4/6

Stingray Group is forecast to grow earnings and revenue by 61.1% and 5.3% per annum respectively. EPS is expected to grow by 86.6% per annum. Return on equity is forecast to be 22% in 3 years.

Key information

61.1%

Earnings growth rate

86.6%

EPS growth rate

Media earnings growth	11.9%
Revenue growth rate	5.3%
Future return on equity	22.0%
Analyst coverage	Good
Last updated	24 Jul 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSX:RAY.A - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	393	69	86	111	1
3/31/2026	390	59	83	105	6
3/31/2025	371	52	75	99	6
3/31/2024	345	-14	104	119	N/A
12/31/2023	341	37	87	102	N/A
9/30/2023	330	41	79	96	N/A
6/30/2023	325	35	79	95	N/A
3/31/2023	324	30	71	87	N/A
12/31/2022	318	30	67	82	N/A
9/30/2022	303	30	67	82	N/A
6/30/2022	297	38	68	84	N/A
3/31/2022	283	33	67	84	N/A
12/31/2021	269	41	69	86	N/A
9/30/2021	266	42	61	78	N/A
6/30/2021	260	42	67	83	N/A
3/31/2021	248	45	91	104	N/A
12/31/2020	258	25	80	94	N/A
9/30/2020	266	19	93	106	N/A
6/30/2020	279	12	87	100	N/A
3/31/2020	307	14	74	88	N/A
12/31/2019	311	26	78	92	N/A
9/30/2019	301	0	61	77	N/A
6/30/2019	259	-4	46	64	N/A
3/31/2019	213	-12	24	45	N/A
12/31/2018	174	-11	15	37	N/A
9/30/2018	138	8	10	30	N/A
6/30/2018	135	3	9	27	N/A
3/31/2018	130	2	7	19	N/A
12/31/2017	122	2	N/A	20	N/A
9/30/2017	113	4	N/A	19	N/A
6/30/2017	107	9	N/A	19	N/A
3/31/2017	102	11	N/A	23	N/A
12/31/2016	101	9	N/A	20	N/A
9/30/2016	98	10	N/A	20	N/A
6/30/2016	95	18	N/A	18	N/A
3/31/2016	90	14	N/A	19	N/A
12/31/2015	84	13	N/A	13	N/A
9/30/2015	79	11	N/A	12	N/A
6/30/2015	75	4	N/A	11	N/A
3/31/2015	71	7	N/A	10	N/A
3/31/2014	60	9	N/A	13	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RAY.A is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

Earnings vs Market: RAY.A is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RAY.A is expected to become profitable in the next 3 years.

Revenue vs Market: RAY.A's revenue (5.3% per year) is forecast to grow slower than the Canadian market (7.3% per year).

High Growth Revenue: RAY.A's revenue (5.3% 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 (22%)

Stingray Group Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 15% to CA$9.42

Consensus EPS estimates fall by 14%, revenue upgraded

Price target decreased to CA$7.00

Consensus forecasts updated

Recent updates

Stingray Group Inc. to Report Q1, 2025 Results on Aug 06, 2024

Stingray Group Inc. (TSX:RAY.A) acquired Legacy Music Partners LLC.

Stingray Group Inc. Announces Board Changes

Senior VP & CTO exercised options to buy CA$559k worth of stock.

Independent Chairman recently bought CA$1.0m worth of stock

Does Stingray Group (TSE:RAY.A) Have A Healthy Balance Sheet?

Stingray Group Inc. Declares Dividend, Payable on or Around June 15, 2024

Upcoming dividend of CA$0.075 per share

Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075

Stingray Group Inc., Annual General Meeting, Aug 07, 2024

Stingray Group Inc. to Report Q4, 2024 Results on Jun 04, 2024

Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Dividend of CA$0.075 announced

Stingray Group Inc. Declares Quarterly Dividend, Payable on or Around June 14, 2024

Stingray Introduces a New Wave of Music and Video Channels on Samsung TV Plus Across Canada, Australia, and New Zealand

Insufficient new directors

Upcoming dividend of CA$0.075 per share

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Third quarter 2024 earnings released: EPS: CA$0.13 (vs CA$0.19 in 3Q 2023)

Price target increased by 15% to CA$9.42

Does Stingray Group (TSE:RAY.A) Deserve A Spot On Your Watchlist?

Stingray Group Inc. to Report Q3, 2024 Results on Feb 06, 2024

Singing Machine and Stingray Unveil New Karaoke Gaming & Scoring Capabilities Targeting the Automotive Market

Chief Revenue Officer recently bought CA$488k worth of stock

Upcoming dividend of CA$0.075 per share at 5.7% yield

Stingray Launches 18 New Channels in the US on Samsung Tv Plus

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Stingray Group Inc. Announce the Introduction of Its Latest Tv Channel, Stingray Holidayscapes

Second quarter 2024 earnings released: EPS: CA$0.14 (vs CA$0.048 in 2Q 2023)

Stingray Group Inc. Declares Dividend, Payable on or Around December 15, 2023

Investor sentiment improves as stock rises 16%

Is Stingray Group (TSE:RAY.A) Using Too Much Debt?

Stingray Group Inc. to Report Q2, 2024 Results on Nov 07, 2023

Independent Chairman recently bought CA$584k worth of stock

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Upcoming dividend of CA$0.075 per share at 5.9% yield

Stingray Group (TSE:RAY.A) Will Pay A Dividend Of CA$0.075

First quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.13 in 1Q 2023)

Stingray Group Inc. Declares Dividend Payable on or Around September 15, 2023

Stingray Group Inc. to Report Q1, 2024 Results on Aug 08, 2023

Consensus EPS estimates fall by 14%, revenue upgraded

New major risk - Financial position

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of CA$0.075 per share at 5.1% yield

Stingray Group Inc., Annual General Meeting, Aug 09, 2023

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Upcoming dividend of CA$0.075 per share at 5.0% yield

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Third quarter 2023 earnings released: EPS: CA$0.19 (vs CA$0.18 in 3Q 2022)

Stingray Group Inc. Declares Dividend, Payable on or Around March 15, 2023

Stingray Group Inc. to Report Q3, 2023 Results on Feb 07, 2023

Investor sentiment improved over the past week

Stingray Launches the World's Favorite Karaoke App on Samsung Smart TVs

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Upcoming dividend of CA$0.075 per share

Independent Chairman recently bought CA$613k worth of stock

Price target decreased to CA$7.00

Second quarter 2023 earnings released: EPS: CA$0.048 (vs CA$0.17 in 2Q 2022)

Stingray Group Inc. Declares Dividend, Payable on or Around December 15, 2022

Stingray Group Inc. to Report Q2, 2023 Results on Nov 08, 2022

Independent Non-Executive Director recently bought CA$272k worth of stock

Independent Chairman recently bought CA$1.0m worth of stock

Stingray Group (TSE:RAY.A) Is Due To Pay A Dividend Of CA$0.075

Upcoming dividend of CA$0.075 per share

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group Inc. Approves Election of Mélanie Dunn as Director

Stingray Group Inc. Declares Quarterly Dividend, Payable on or Around September 15, 2022

Stingray Group Inc. to Report Q1, 2023 Results on Aug 02, 2022

Independent Chairman recently bought CA$550k worth of stock