Stingray Group Inc (RAY-A.CA) Fundamental Analysis & Valuation
TSX:RAY-A • CA86084H1001
15.54 CAD
+0.29 (+1.9%)
Last: Mar 4, 2026, 07:00 PM
This RAY-A.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 6 out of 10 to RAY-A. RAY-A was compared to 11 industry peers in the Media industry. While RAY-A belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. RAY-A is valued quite cheap, while showing a decent growth score. This is a good combination! Finally RAY-A also has an excellent dividend rating. These ratings would make RAY-A suitable for value and dividend investing!
1. RAY-A.CA Profitability Analysis
1.1 Basic Checks
- In the past year RAY-A was profitable.
- In the past year RAY-A had a positive cash flow from operations.
- Of the past 5 years RAY-A 4 years were profitable.
- Each year in the past 5 years RAY-A had a positive operating cash flow.
1.2 Ratios
- RAY-A has a Return On Assets of 6.12%. This is in the better half of the industry: RAY-A outperforms 72.73% of its industry peers.
- With an excellent Return On Equity value of 17.96%, RAY-A belongs to the best of the industry, outperforming 90.91% 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 81.82% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for RAY-A is in line with the industry average of 8.45%.
- The last Return On Invested Capital (10.36%) for RAY-A is above the 3 year average (8.88%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- With an excellent Profit Margin value of 12.56%, RAY-A belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- RAY-A's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 25.10%, RAY-A belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- RAY-A's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector 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
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
- The number of shares outstanding for RAY-A has been reduced compared to 5 years ago.
- The debt/assets ratio for RAY-A has been reduced compared to a year ago.
2.2 Solvency
- RAY-A has an Altman-Z score of 1.79. This is a bad value and indicates that RAY-A is not financially healthy and even has some risk of bankruptcy.
- RAY-A's Altman-Z score of 1.79 is amongst the best of the industry. RAY-A outperforms 81.82% of its industry peers.
- The Debt to FCF ratio of RAY-A is 3.50, which is a good value as it means it would take RAY-A, 3.50 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 3.50, RAY-A is doing good in the industry, outperforming 63.64% of the companies in the same industry.
- RAY-A has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.23, RAY-A is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 1.79 |
ROIC/WACC1.48
WACC6.99%
2.3 Liquidity
- A Current Ratio of 1.11 indicates that RAY-A should not have too much problems paying its short term obligations.
- RAY-A's Current ratio of 1.11 is fine compared to the rest of the industry. RAY-A outperforms 63.64% of its industry peers.
- A Quick Ratio of 1.04 indicates that RAY-A should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.04, RAY-A is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.04 |
3. RAY-A.CA Growth Analysis
3.1 Past
- RAY-A shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.33%, which is quite impressive.
- The Earnings Per Share has been growing slightly by 7.84% on average over the past years.
- RAY-A shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.69%.
- 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
- Based on estimates for the next years, RAY-A will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.96% on average per year.
- Based on estimates for the next years, RAY-A will show a quite strong growth in Revenue. The Revenue will grow by 17.02% on average per year.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. RAY-A.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 12.53 indicates a correct valuation of RAY-A.
- 81.82% of the companies in the same industry are more expensive than RAY-A, based on the Price/Earnings ratio.
- RAY-A's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.03.
- With a Price/Forward Earnings ratio of 8.04, the valuation of RAY-A can be described as very reasonable.
- 100.00% of the companies in the same industry are more expensive than RAY-A, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.11. RAY-A is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.53 | ||
| Fwd PE | 8.04 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, RAY-A is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, RAY-A is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.38 | ||
| EV/EBITDA | 8.91 |
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)0.34
PEG (5Y)1.6
EPS Next 2Y35.68%
EPS Next 3Y19.96%
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 0.18. RAY-A pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, RAY-A has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
5.2 History
- The dividend of RAY-A has a limited annual growth rate of 1.15%.
- RAY-A has been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
- RAY-A pays out 39.32% of its income as dividend. This is a 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 Fundamentals: All Metrics, Ratios and Statistics
TSX:RAY-A (3/4/2026, 7:00:00 PM)
15.54
+0.29 (+1.9%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-10 2026-02-10
Earnings (Next)06-08 2026-06-08
Inst Owners26.98%
Inst Owner ChangeN/A
Ins Owners7.22%
Ins Owner ChangeN/A
Market Cap857.34M
Revenue(TTM)413.13M
Net Income(TTM)51.89M
Analysts82.86
Price Target18.11 (16.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)2.9%
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)2.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.53 | ||
| Fwd PE | 8.04 | ||
| P/S | 2.08 | ||
| P/FCF | 8.38 | ||
| P/OCF | 7.24 | ||
| P/B | 2.97 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.91 |
EPS(TTM)1.24
EY7.98%
EPS(NY)1.93
Fwd EY12.44%
FCF(TTM)1.85
FCFY11.93%
OCF(TTM)2.15
OCFY13.81%
SpS7.49
BVpS5.24
TBVpS-6.27
PEG (NY)0.34
PEG (5Y)1.6
Graham Number12.09
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.79 |
F-Score8
WACC6.99%
ROIC/WACC1.48
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 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.
What is the profitability of RAY-A stock?
Stingray Group Inc (RAY-A.CA) has a profitability rating of 7 / 10.
What is the financial health of Stingray Group Inc (RAY-A.CA) stock?
The financial health rating of Stingray Group Inc (RAY-A.CA) is 5 / 10.
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.