Stingray Group Inc (RAY-A.CA) Fundamental Analysis & Valuation

TSX:RAY-ACA86084H1001

Current stock price

14.5 CAD
-0.25 (-1.69%)
Last:

This RAY-A.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. RAY-A.CA Profitability Analysis

1.1 Basic Checks

  • RAY-A had positive earnings in the past year.
  • In the past year RAY-A had a positive cash flow from operations.
  • Of the past 5 years RAY-A 4 years were profitable.
  • RAY-A had a positive operating cash flow in each of the past 5 years.
RAY-A.CA Yearly Net Income VS EBIT VS OCF VS FCFRAY-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M 60M 80M 100M

1.2 Ratios

  • The Return On Assets of RAY-A (6.12%) is better than 75.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 17.96%, RAY-A belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
  • RAY-A has a Return On Invested Capital of 10.36%. This is amongst the best in the industry. RAY-A outperforms 83.33% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for RAY-A is in line with the industry average of 7.66%.
  • The 3 year average ROIC (8.88%) for RAY-A is below the current ROIC(10.36%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.12%
ROE 17.96%
ROIC 10.36%
ROA(3y)2.04%
ROA(5y)3.08%
ROE(3y)6.22%
ROE(5y)9.45%
ROIC(3y)8.88%
ROIC(5y)7.97%
RAY-A.CA Yearly ROA, ROE, ROICRAY-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • RAY-A has a better Profit Margin (12.56%) than 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of RAY-A has grown nicely.
  • With an excellent Operating Margin value of 25.10%, RAY-A belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of RAY-A has remained more or less at the same level.
Industry RankSector Rank
OM 25.1%
PM (TTM) 12.56%
GM N/A
OM growth 3Y3.72%
OM growth 5Y1.04%
PM growth 3Y-7.18%
PM growth 5Y15.64%
GM growth 3YN/A
GM growth 5YN/A
RAY-A.CA Yearly Profit, Operating, Gross MarginsRAY-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

6

2. RAY-A.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RAY-A is creating some value.
  • Compared to 1 year ago, RAY-A has less shares outstanding
  • RAY-A has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for RAY-A has been reduced compared to a year ago.
RAY-A.CA Yearly Shares OutstandingRAY-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
RAY-A.CA Yearly Total Debt VS Total AssetsRAY-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 1.96 indicates that RAY-A is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • RAY-A's Altman-Z score of 1.96 is amongst the best of the industry. RAY-A outperforms 91.67% of its industry peers.
  • RAY-A has a debt to FCF ratio of 3.50. This is a good value and a sign of high solvency as RAY-A would need 3.50 years to pay back of all of its debts.
  • RAY-A's Debt to FCF ratio of 3.50 is fine compared to the rest of the industry. RAY-A outperforms 66.67% of its industry peers.
  • A Debt/Equity ratio of 1.23 is on the high side and indicates that RAY-A has dependencies on debt financing.
  • RAY-A has a Debt to Equity ratio (1.23) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 3.5
Altman-Z 1.96
ROIC/WACC1.46
WACC7.11%
RAY-A.CA Yearly LT Debt VS Equity VS FCFRAY-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.11 indicates that RAY-A should not have too much problems paying its short term obligations.
  • With a decent Current ratio value of 1.11, RAY-A is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • A Quick Ratio of 1.04 indicates that RAY-A should not have too much problems paying its short term obligations.
  • RAY-A has a Quick ratio of 1.04. This is in the better half of the industry: RAY-A outperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 1.04
RAY-A.CA Yearly Current Assets VS Current LiabilitesRAY-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

6

3. RAY-A.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 33.33% over the past year.
  • The Earnings Per Share has been growing slightly by 7.84% on average over the past years.
  • Looking at the last year, RAY-A shows a quite strong growth in Revenue. The Revenue has grown by 12.69% in the last year.
  • Measured over the past years, RAY-A shows a small growth in Revenue. The Revenue has been growing by 4.75% on average per year.
EPS 1Y (TTM)33.33%
EPS 3Y9.49%
EPS 5Y7.84%
EPS Q2Q%33.33%
Revenue 1Y (TTM)12.69%
Revenue growth 3Y11.03%
Revenue growth 5Y4.75%
Sales Q2Q%21.03%

3.2 Future

  • RAY-A is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.96% yearly.
  • The Revenue is expected to grow by 17.02% on average over the next years. This is quite good.
EPS Next Y36.84%
EPS Next 2Y35.68%
EPS Next 3Y19.96%
EPS Next 5YN/A
Revenue Next Year23.85%
Revenue Next 2Y28.97%
Revenue Next 3Y17.02%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
RAY-A.CA Yearly Revenue VS EstimatesRAY-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
RAY-A.CA Yearly EPS VS EstimatesRAY-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5

8

4. RAY-A.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.69 indicates a reasonable valuation of RAY-A.
  • Based on the Price/Earnings ratio, RAY-A is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • RAY-A's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.78.
  • With a Price/Forward Earnings ratio of 7.50, the valuation of RAY-A can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, RAY-A is valued cheaper than 91.67% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of RAY-A to the average of the S&P500 Index (23.54), we can say RAY-A is valued rather cheaply.
Industry RankSector Rank
PE 11.69
Fwd PE 7.5
RAY-A.CA Price Earnings VS Forward Price EarningsRAY-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as RAY-A.
  • RAY-A's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RAY-A is cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.87
EV/EBITDA 10.04
RAY-A.CA Per share dataRAY-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • RAY-A has a very decent profitability rating, which may justify a higher PE ratio.
  • RAY-A's earnings are expected to grow with 19.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)1.49
EPS Next 2Y35.68%
EPS Next 3Y19.96%

7

5. RAY-A.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.00%, RAY-A has a reasonable but not impressive dividend return.
  • RAY-A's Dividend Yield is rather good when compared to the industry average which is at 0.20. RAY-A pays more dividend than 91.67% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, RAY-A has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2%

5.2 History

  • The dividend of RAY-A has a limited annual growth rate of 1.15%.
  • RAY-A has paid a dividend for at least 10 years, which is a reliable track record.
  • RAY-A has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)1.15%
Div Incr Years0
Div Non Decr Years9
RAY-A.CA Yearly Dividends per shareRAY-A.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

  • 39.32% of the earnings are spent on dividend by RAY-A. This is a low number and sustainable payout ratio.
  • The dividend of RAY-A is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.32%
EPS Next 2Y35.68%
EPS Next 3Y19.96%
RAY-A.CA Yearly Income VS Free CF VS DividendRAY-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M 60M 80M 100M
RAY-A.CA Dividend Payout.RAY-A.CA Dividend Payout, showing the Payout Ratio.RAY-A.CA Dividend Payout.PayoutRetained Earnings

RAY-A.CA Fundamentals: All Metrics, Ratios and Statistics

Stingray Group Inc

TSX:RAY-A (3/13/2026, 7:00:00 PM)

14.5

-0.25 (-1.69%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-10
Earnings (Next)06-08
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.01B
Revenue(TTM)413.13M
Net Income(TTM)51.89M
Analysts84.62
Price Target18.11 (24.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2%
Yearly Dividend0.3
Dividend Growth(5Y)1.15%
DP39.32%
Div Incr Years0
Div Non Decr Years9
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.49%
Min EPS beat(2)1.53%
Max EPS beat(2)9.44%
EPS beat(4)3
Avg EPS beat(4)4.53%
Min EPS beat(4)-1.17%
Max EPS beat(4)9.44%
EPS beat(8)5
Avg EPS beat(8)2.42%
EPS beat(12)5
Avg EPS beat(12)-1.75%
EPS beat(16)6
Avg EPS beat(16)-3.69%
Revenue beat(2)1
Avg Revenue beat(2)-0.58%
Min Revenue beat(2)-3.78%
Max Revenue beat(2)2.61%
Revenue beat(4)2
Avg Revenue beat(4)-0.01%
Min Revenue beat(4)-3.78%
Max Revenue beat(4)3.01%
Revenue beat(8)5
Avg Revenue beat(8)0.39%
Revenue beat(12)6
Avg Revenue beat(12)-0.21%
Revenue beat(16)6
Avg Revenue beat(16)-1.29%
PT rev (1m)0%
PT rev (3m)2.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.54%
EPS NY rev (1m)0%
EPS NY rev (3m)1.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.69
Fwd PE 7.5
P/S 2.44
P/FCF 9.87
P/OCF 8.52
P/B 3.49
P/tB N/A
EV/EBITDA 10.04
EPS(TTM)1.24
EY8.55%
EPS(NY)1.93
Fwd EY13.33%
FCF(TTM)1.47
FCFY10.14%
OCF(TTM)1.7
OCFY11.73%
SpS5.94
BVpS4.15
TBVpS-4.97
PEG (NY)0.32
PEG (5Y)1.49
Graham Number10.76
Profitability
Industry RankSector Rank
ROA 6.12%
ROE 17.96%
ROCE 14.39%
ROIC 10.36%
ROICexc 10.58%
ROICexgc 105.13%
OM 25.1%
PM (TTM) 12.56%
GM N/A
FCFM 24.76%
ROA(3y)2.04%
ROA(5y)3.08%
ROE(3y)6.22%
ROE(5y)9.45%
ROIC(3y)8.88%
ROIC(5y)7.97%
ROICexc(3y)9.05%
ROICexc(5y)8.11%
ROICexgc(3y)130.96%
ROICexgc(5y)121.62%
ROCE(3y)12.34%
ROCE(5y)11.06%
ROICexgc growth 3Y13.47%
ROICexgc growth 5Y19.04%
ROICexc growth 3Y18.66%
ROICexc growth 5Y7.94%
OM growth 3Y3.72%
OM growth 5Y1.04%
PM growth 3Y-7.18%
PM growth 5Y15.64%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 3.5
Debt/EBITDA 2.63
Cap/Depr 52.04%
Cap/Sales 3.9%
Interest Coverage 4.88
Cash Conversion 87.94%
Profit Quality 197.18%
Current Ratio 1.11
Quick Ratio 1.04
Altman-Z 1.96
F-Score8
WACC7.11%
ROIC/WACC1.46
Cap/Depr(3y)47.48%
Cap/Depr(5y)45.03%
Cap/Sales(3y)4.24%
Cap/Sales(5y)4.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.33%
EPS 3Y9.49%
EPS 5Y7.84%
EPS Q2Q%33.33%
EPS Next Y36.84%
EPS Next 2Y35.68%
EPS Next 3Y19.96%
EPS Next 5YN/A
Revenue 1Y (TTM)12.69%
Revenue growth 3Y11.03%
Revenue growth 5Y4.75%
Sales Q2Q%21.03%
Revenue Next Year23.85%
Revenue Next 2Y28.97%
Revenue Next 3Y17.02%
Revenue Next 5YN/A
EBIT growth 1Y11.9%
EBIT growth 3Y15.17%
EBIT growth 5Y5.85%
EBIT Next Year65.35%
EBIT Next 3Y33.46%
EBIT Next 5YN/A
FCF growth 1Y28.71%
FCF growth 3Y10.54%
FCF growth 5Y4.05%
OCF growth 1Y23.98%
OCF growth 3Y7.88%
OCF growth 5Y3.57%

Stingray Group Inc / RAY-A.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of Stingray Group Inc (RAY-A.CA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to RAY-A.CA.


Can you provide the valuation status for Stingray Group Inc?

ChartMill assigns a valuation rating of 8 / 10 to Stingray Group Inc (RAY-A.CA). This can be considered as Undervalued.


How profitable is Stingray Group Inc (RAY-A.CA) stock?

Stingray Group Inc (RAY-A.CA) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for RAY-A stock?

The Price/Earnings (PE) ratio for Stingray Group Inc (RAY-A.CA) is 11.69 and the Price/Book (PB) ratio is 3.49.


Can you provide the expected EPS growth for RAY-A stock?

The Earnings per Share (EPS) of Stingray Group Inc (RAY-A.CA) is expected to grow by 36.84% in the next year.