Stingray Group Inc.

TSX:RAY.A Stock Report

Market Cap: CA$1.2b

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Stingray Group Future Growth

Future criteria checks 5/6

Stingray Group is forecast to grow earnings and revenue by 41.7% and 23.3% per annum respectively.

Key information

41.7%

Earnings growth rate

n/a

EPS growth rate

Media earnings growth25.5%
Revenue growth rate23.3%
Future return on equityn/a
Analyst coverage

Good

Last updated12 Feb 2026

Recent future growth updates

Recent updates

What Does Stingray Group Inc.'s (TSE:RAY.A) Share Price Indicate?

Feb 05
What Does Stingray Group Inc.'s (TSE:RAY.A) Share Price Indicate?

Why Investors Shouldn't Be Surprised By Stingray Group Inc.'s (TSE:RAY.A) 27% Share Price Surge

Nov 13
Why Investors Shouldn't Be Surprised By Stingray Group Inc.'s (TSE:RAY.A) 27% Share Price Surge

FAST Channels And Streaming Partnerships Will Unlock Future Value

Key Takeaways Expansion into streaming, premium ad networks, and strategic partnerships positions Stingray for strong top-line and recurring revenue growth amid industry shifts. New default channel integrations, B2B retail media growth, and targeted acquisitions increase revenue streams, margin potential, and international scalability.

There Could Be A Chance Stingray Group Inc.'s (TSE:RAY.A) CEO Will Have Their Compensation Increased

Jul 31
There Could Be A Chance Stingray Group Inc.'s (TSE:RAY.A) CEO Will Have Their Compensation Increased

After Leaping 26% Stingray Group Inc. (TSE:RAY.A) Shares Are Not Flying Under The Radar

Jun 29
After Leaping 26% Stingray Group Inc. (TSE:RAY.A) Shares Are Not Flying Under The Radar

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

May 27
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

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

May 09
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

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

Nov 09
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

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

Aug 10
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

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

Jun 11
Does Stingray Group (TSE:RAY.A) Have A Healthy Balance Sheet?

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

May 21
Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075

Earnings and Revenue Growth Forecasts

TSX:RAY.A - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20286701041742112
3/31/2027650951491796
3/31/2026476511011216
12/31/202543044105121N/A
9/30/202541352102118N/A
6/30/20253934698113N/A
3/31/20253873690105N/A
12/31/2024375-1895110N/A
9/30/2024367-2491105N/A
6/30/2024356-2191105N/A
3/31/2024345-14104119N/A
12/31/20233413787102N/A
9/30/2023330417996N/A
6/30/2023325357995N/A
3/31/2023324307187N/A
12/31/2022318306782N/A
9/30/2022303306782N/A
6/30/2022297386884N/A
3/31/2022283336784N/A
12/31/2021269416986N/A
9/30/2021266426178N/A
6/30/2021260426783N/A
3/31/20212484591104N/A
12/31/2020258258094N/A
9/30/20202661993106N/A
6/30/20202791287100N/A
3/31/2020307147488N/A
12/31/2019311267892N/A
9/30/20193010N/A77N/A
6/30/2019259-4N/A64N/A
3/31/2019213-12N/A45N/A
12/31/2018174-11N/A37N/A
9/30/20181388N/A30N/A
6/30/20181353N/A27N/A
3/31/20181302N/A19N/A
12/31/20171222N/A20N/A
9/30/20171134N/A19N/A
6/30/20171079N/A19N/A
3/31/201710211N/A23N/A
12/31/20161019N/A20N/A
9/30/20169810N/A20N/A
6/30/20169518N/A18N/A
3/31/20169014N/A19N/A
12/31/20158413N/A13N/A
9/30/20157911N/A12N/A
6/30/2015754N/A11N/A
3/31/2015717N/A10N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RAY.A's forecast earnings growth (41.7% per year) is above the savings rate (2.9%).

Earnings vs Market: RAY.A's earnings (41.7% per year) are forecast to grow faster than the Canadian market (12.6% per year).

High Growth Earnings: RAY.A's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RAY.A's revenue (23.3% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: RAY.A's revenue (23.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if RAY.A's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 09:57
End of Day Share Price 2026/02/12 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Stingray Group Inc. is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim CaseyBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research
Aravinda GalappatthigeCanaccord Genuity