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

Key Insights

• Stingray Group to hold its Annual General Meeting on 6th of August
• Total pay for CEO Eric Boyko includes CA$717.3k salary
• The total compensation is 63% less than the average for the industry
• Over the past three years, Stingray Group's EPS grew by 4.6% and over the past three years, the total shareholder return was 101%

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The decent performance at Stingray Group Inc. (TSE:RAY.A) recently will please most shareholders as they go into the AGM coming up on 6th of August. This would also be a chance for them to hear the board review the financial results, discuss future company strategy to further improve the business and vote on any resolutions such as executive remuneration. We have prepared some analysis below and we show why we think CEO compensation looks decent with even the possibility for a raise.

Check out our latest analysis for Stingray Group

Comparing Stingray Group Inc.'s CEO Compensation With The Industry

According to our data, Stingray Group Inc. has a market capitalization of CA$735m, and paid its CEO total annual compensation worth CA$2.2m over the year to March 2025. Notably, that's an increase of 60% over the year before. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at CA$717k.

In comparison with other companies in the Canada Media industry with market capitalizations ranging from CA$277m to CA$1.1b, the reported median CEO total compensation was CA$6.0m. That is to say, Eric Boyko is paid under the industry median. What's more, Eric Boyko holds CA$23m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Component	2025	2024	Proportion (2025)
Salary	CA$717k	CA$538k	32%
Other	CA$1.5m	CA$865k	68%
Total Compensation	CA$2.2m	CA$1.4m	100%

On an industry level, roughly 93% of total compensation represents salary and 7% is other remuneration. Stingray Group sets aside a smaller share of compensation for salary, in comparison to the overall industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

A Look at Stingray Group Inc.'s Growth Numbers

Over the past three years, Stingray Group Inc. has seen its earnings per share (EPS) grow by 4.6% per year. It achieved revenue growth of 12% over the last year.

We think the revenue growth is good. And the improvement in EPSis modest but respectable. Although we'll stop short of calling the stock a top performer, we think the company has potential. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has Stingray Group Inc. Been A Good Investment?

Most shareholders would probably be pleased with Stingray Group Inc. for providing a total return of 101% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

In Summary...

Overall, the company hasn't done too poorly performance-wise, but we would like to see some improvement. If it continues on the same road, shareholders might feel even more confident about their investment, and have little to no objections concerning CEO pay. Instead, investors might be more interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential.

While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. That's why we did some digging and identified 1 warning sign for Stingray Group that investors should think about before committing capital to this stock.

Important note: Stingray Group is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.