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$5.99|
|52 Week High||CA$7.85|
|52 Week Low||CA$5.13|
|1 Month Change||-4.16%|
|3 Month Change||-7.85%|
|1 Year Change||-20.03%|
|3 Year Change||-23.40%|
|5 Year Change||-31.23%|
|Change since IPO||-17.38%|
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...
|RAY.A||CA Media||CA Market|
Return vs Industry: RAY.A underperformed the Canadian Media industry which returned -9.1% over the past year.
Return vs Market: RAY.A underperformed the Canadian Market which returned 2.1% over the past year.
|RAY.A Average Weekly Movement||6.1%|
|Media Industry Average Movement||5.4%|
|Market Average Movement||10.6%|
|10% most volatile stocks in CA Market||18.9%|
|10% least volatile stocks in CA Market||4.2%|
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
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|
Is RAY.A overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RAY.A income statement (TTM)|
|Cost of Revenue||CA$201.93m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.55|
|Net Profit Margin||12.98%|
How did RAY.A perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Does 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||12 days|
|Days until Dividend pay date||28 days|
Does RAY.A pay a reliable dividends?See RAY.A dividend history and benchmarks
Is RAY.A undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation 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
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?|
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|
CJR.B Corus Entertainment
TVA.B TVA Group
RAY.A Stingray Group
Price-To-Earnings vs Peers: RAY.A is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (13.1x).
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 (10.9x) compared to the Canadian Media industry average (9.6x)
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.
|Current PE Ratio||10.9x|
|Fair PE Ratio||12.7x|
Price-To-Earnings vs Fair Ratio: RAY.A is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).
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$5.99) is trading below our estimate of fair value (CA$24.56)
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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How is Stingray Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (7.8% 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 (6.5% 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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How has Stingray Group performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
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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How is Stingray Group's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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$477.6M).
Debt to Equity History and Analysis
Debt Level: RAY.A's net debt to equity ratio (132.5%) is considered high.
Reducing Debt: RAY.A's debt to equity ratio has increased from 62.4% to 137.4% over the past 5 years.
Debt Coverage: RAY.A's debt is well covered by operating cash flow (21.8%).
Interest Coverage: RAY.A's interest payments on its debt are well covered by EBIT (4.2x coverage).
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What is Stingray Group current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RAY.A's dividend (5.01%) is higher than the bottom 25% of dividend payers in the Canadian market (1.85%).
High Dividend: RAY.A's dividend (5.01%) is low compared to the top 25% of dividend payers in the Canadian market (5.28%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RAY.A has been paying a dividend for less than 10 years.
Growing Dividend: RAY.A's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55%), RAY.A's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.7%), RAY.A's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Boyko (52 yo)
Mr. Eric Boyko, CGA, C.P.A., Co-founded Stingray Group Inc. (formerly known as Stingray Digital Group Inc.) in 2007 and has been its President and Chief Executive Officer since 2010. Mr. Boyko Co-Founded S...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD800.86K) is below average for companies of similar size in the Canadian market ($USD1.25M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Experienced Management: RAY.A's management team is seasoned and experienced (7.5 years average tenure).
Experienced Board: RAY.A's board of directors are considered experienced (7.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Stingray Group Inc.'s employee growth, exchange listings and data sources
- Name: Stingray Group Inc.
- Ticker: RAY.A
- Exchange: TSX
- Founded: 2007
- Industry: Broadcasting
- Sector: Media
- Implied Market Cap: CA$417.661m
- Shares outstanding: 69.73m
- Website: https://www.stingray.com
Number of Employees
- Stingray Group Inc.
- 730 Wellington Street
- H3C 1T4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/17 00:00|
|End of Day Share Price||2022/08/17 00:00|
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.