RAY.B 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$6.11|
|52 Week High||CA$8.46|
|52 Week Low||CA$6.11|
|1 Month Change||-11.58%|
|3 Month Change||-20.13%|
|1 Year Change||-14.55%|
|3 Year Change||-0.97%|
|5 Year Change||-21.36%|
|Change since IPO||-18.32%|
Recent News & Updates
|RAY.B||CA Media||CA Market|
Return vs Industry: RAY.B underperformed the Canadian Media industry which returned -10.4% over the past year.
Return vs Market: RAY.B underperformed the Canadian Market which returned 3.8% over the past year.
|RAY.B Average Weekly Movement||4.5%|
|Media Industry Average Movement||4.5%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||15.9%|
|10% least volatile stocks in CA Market||4.0%|
Stable Share Price: RAY.B is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RAY.B's weekly volatility (5%) 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.B fundamental statistics|
Is RAY.B overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RAY.B income statement (TTM)|
|Cost of Revenue||CA$162.16m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.58|
|Net Profit Margin||15.00%|
How did RAY.B perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Does RAY.B pay a reliable dividends?See RAY.B dividend history and benchmarks
|Stingray Group dividend dates|
|Ex Dividend Date||May 30 2022|
|Dividend Pay Date||Jun 15 2022|
|Days until Ex dividend||18 days|
|Days until Dividend pay date||34 days|
Does RAY.B pay a reliable dividends?See RAY.B dividend history and benchmarks
Is Stingray Group undervalued compared to its fair value and its price relative to the market?
Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RAY.B (CA$6.11) is trading below our estimate of fair value (CA$21.53)
Significantly Below Fair Value: RAY.B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RAY.B is good value based on its PE Ratio (10.4x) compared to the Canadian Media industry average (10.6x).
PE vs Market: RAY.B is good value based on its PE Ratio (10.4x) compared to the Canadian market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: RAY.B is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: RAY.B is overvalued based on its PB Ratio (1.5x) compared to the CA Media industry average (1.3x).
How is Stingray Group forecast to perform in the next 1 to 3 years based on estimates from 6 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.B's forecast earnings growth (18.6% per year) is above the savings rate (1.6%).
Earnings vs Market: RAY.B's earnings (18.6% per year) are forecast to grow faster than the Canadian market (8.2% per year).
High Growth Earnings: RAY.B's earnings are forecast to grow, but not significantly.
Revenue vs Market: RAY.B's revenue (13.6% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: RAY.B's revenue (13.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RAY.B's Return on Equity is forecast to be high in 3 years time
How has Stingray Group performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAY.B has a large one-off loss of CA$16.7M impacting its December 31 2021 financial results.
Growing Profit Margin: RAY.B's current net profit margins (15%) are higher than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: RAY.B's earnings have grown significantly by 48.1% per year over the past 5 years.
Accelerating Growth: RAY.B's earnings growth over the past year (66.7%) exceeds its 5-year average (48.1% per year).
Earnings vs Industry: RAY.B earnings growth over the past year (66.7%) exceeded the Media industry 0.8%.
Return on Equity
High ROE: RAY.B's Return on Equity (14.6%) is considered low.
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.B's short term assets (CA$104.5M) do not cover its short term liabilities (CA$149.9M).
Long Term Liabilities: RAY.B's short term assets (CA$104.5M) do not cover its long term liabilities (CA$463.4M).
Debt to Equity History and Analysis
Debt Level: RAY.B's net debt to equity ratio (118.5%) is considered high.
Reducing Debt: RAY.B's debt to equity ratio has increased from 50.5% to 122.5% over the past 5 years.
Debt Coverage: RAY.B's debt is well covered by operating cash flow (25.1%).
Interest Coverage: RAY.B's interest payments on its debt are well covered by EBIT (4.8x coverage).
What is Stingray Group current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RAY.B's dividend (4.94%) is higher than the bottom 25% of dividend payers in the Canadian market (1.9%).
High Dividend: RAY.B's dividend (4.94%) is low compared to the top 25% of dividend payers in the Canadian market (5.03%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RAY.B has been paying a dividend for less than 10 years.
Growing Dividend: RAY.B's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.5%), RAY.B's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.5%), RAY.B's dividend payments are well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Boyko (51 yo)
Mr. Eric Boyko, CGA, C.P.A., Co-founded Stingray Group Inc. (formerly known as Stingray Digital Group Inc.) in 2007 and has been its President and Chief Executive Officer since 2010. Mr. Boyko Co-Founded S...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD1.04M) is about average for companies of similar size in the Canadian market ($USD960.56K).
Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.
Experienced Management: RAY.B's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: RAY.B's board of directors are considered experienced (7.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
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.B
- Exchange: TSX
- Founded: 2007
- Industry: Broadcasting
- Sector: Media
- Implied Market Cap: CA$425.222m
- Shares outstanding: 70.05m
- 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||2022/05/11 00:00|
|End of Day Share Price||2022/05/11 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.