STINGRAY GROUP INC (RAY.CA) Fundamental Analysis & Valuation
TSX:RAY • CA86084H4070
15.13 CAD
-0.36 (-2.32%)
Last: Mar 9, 2026, 07:00 PM
This RAY.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
RAY gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 13 industry peers in the Media industry. While RAY belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. RAY is growing strongly while it also seems undervalued. This is an interesting combination These ratings could make RAY a good candidate for value and growth investing.
1. RAY.CA Profitability Analysis
1.1 Basic Checks
- RAY had positive earnings in the past year.
- In the past year RAY had a positive cash flow from operations.
- Of the past 5 years RAY 4 years were profitable.
- In the past 5 years RAY always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.12%, RAY is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
- The Return On Equity of RAY (17.96%) is better than 92.31% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 10.36%, RAY is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for RAY is in line with the industry average of 9.38%.
- The last Return On Invested Capital (10.36%) for RAY 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
- RAY's Profit Margin of 12.56% is amongst the best of the industry. RAY outperforms 100.00% of its industry peers.
- RAY's Profit Margin has improved in the last couple of years.
- The Operating Margin of RAY (25.10%) is better than 100.00% of its industry peers.
- In the last couple of years the Operating Margin of RAY has remained more or less at the same level.
| 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.CA Health Analysis
2.1 Basic Checks
- RAY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for RAY has been reduced compared to 1 year ago.
- RAY has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, RAY has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.77, we must say that RAY is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of RAY (1.77) is better than 76.92% of its industry peers.
- RAY has a debt to FCF ratio of 3.50. This is a good value and a sign of high solvency as RAY would need 3.50 years to pay back of all of its debts.
- RAY has a Debt to FCF ratio of 3.50. This is in the better half of the industry: RAY outperforms 69.23% of its industry peers.
- RAY has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
- RAY has a Debt to Equity ratio (1.23) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 1.77 |
ROIC/WACC1.49
WACC6.97%
2.3 Liquidity
- A Current Ratio of 1.11 indicates that RAY should not have too much problems paying its short term obligations.
- With a decent Current ratio value of 1.11, RAY is doing good in the industry, outperforming 69.23% of the companies in the same industry.
- A Quick Ratio of 1.04 indicates that RAY should not have too much problems paying its short term obligations.
- RAY has a better Quick ratio (1.04) than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.04 |
3. RAY.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 28.00% over the past year.
- Measured over the past 5 years, RAY shows a small growth in Earnings Per Share. The EPS has been growing by 7.84% on average per year.
- The Revenue has grown by 12.00% in the past year. This is quite good.
- Measured over the past years, RAY shows a small growth in Revenue. The Revenue has been growing by 4.75% on average per year.
EPS 1Y (TTM)28%
EPS 3Y9.49%
EPS 5Y7.84%
EPS Q2Q%11.76%
Revenue 1Y (TTM)12%
Revenue growth 3Y11.03%
Revenue growth 5Y4.75%
Sales Q2Q%15.35%
3.2 Future
- RAY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.37% yearly.
- The Revenue is expected to grow by 20.67% on average over the next years. This is a very strong growth
EPS Next Y32.58%
EPS Next 2Y38.41%
EPS Next 3Y22.37%
EPS Next 5YN/A
Revenue Next Year24.9%
Revenue Next 2Y30.54%
Revenue Next 3Y20.67%
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.
- 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.
4. RAY.CA Valuation Analysis
4.1 Price/Earnings Ratio
- RAY is valuated reasonably with a Price/Earnings ratio of 11.82.
- Based on the Price/Earnings ratio, RAY is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of RAY to the average of the S&P500 Index (26.45), we can say RAY is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 7.52, the valuation of RAY can be described as very cheap.
- 100.00% of the companies in the same industry are more expensive than RAY, based on the Price/Forward Earnings ratio.
- RAY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.65.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.82 | ||
| Fwd PE | 7.52 |
4.2 Price Multiples
- RAY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. RAY is cheaper than 61.54% of the companies in the same industry.
- RAY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RAY is cheaper than 76.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.15 | ||
| EV/EBITDA | 8.74 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as RAY's earnings are expected to grow with 22.37% in the coming years.
PEG (NY)0.36
PEG (5Y)1.51
EPS Next 2Y38.41%
EPS Next 3Y22.37%
5. RAY.CA Dividend Analysis
5.1 Amount
- RAY has a Yearly Dividend Yield of 2.17%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.32, RAY pays a better dividend. On top of this RAY pays more dividend than 100.00% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, RAY has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
5.2 History
- The dividend of RAY has a limited annual growth rate of 1.15%.
- RAY is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)1.15%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 39.32% of the earnings are spent on dividend by RAY. This is a low number and sustainable payout ratio.
- RAY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.32%
EPS Next 2Y38.41%
EPS Next 3Y22.37%
RAY.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:RAY (3/9/2026, 7:00:00 PM)
15.13
-0.36 (-2.32%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-10 2026-02-10/amc
Earnings (Next)06-08 2026-06-08
Inst Owners26.64%
Inst Owner ChangeN/A
Ins Owners7.06%
Ins Owner ChangeN/A
Market Cap833.81M
Revenue(TTM)386.89M
Net Income(TTM)51.89M
Analysts80
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend0.3
Dividend Growth(5Y)1.15%
DP39.32%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-Date02-27 2026-02-27 (0.085)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.58%
Min EPS beat(2)3.54%
Max EPS beat(2)11.61%
EPS beat(4)4
Avg EPS beat(4)6.6%
Min EPS beat(4)0.79%
Max EPS beat(4)11.61%
EPS beat(8)6
Avg EPS beat(8)4.45%
EPS beat(12)6
Avg EPS beat(12)0.2%
EPS beat(16)8
Avg EPS beat(16)-1.78%
Revenue beat(2)1
Avg Revenue beat(2)1.39%
Min Revenue beat(2)-1.87%
Max Revenue beat(2)4.65%
Revenue beat(4)3
Avg Revenue beat(4)1.97%
Min Revenue beat(4)-1.87%
Max Revenue beat(4)5.05%
Revenue beat(8)6
Avg Revenue beat(8)2.38%
Revenue beat(12)9
Avg Revenue beat(12)1.76%
Revenue beat(16)9
Avg Revenue beat(16)0.66%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.82 | ||
| Fwd PE | 7.52 | ||
| P/S | 2.02 | ||
| P/FCF | 8.15 | ||
| P/OCF | 7.04 | ||
| P/B | 2.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.74 |
EPS(TTM)1.28
EY8.46%
EPS(NY)2.01
Fwd EY13.3%
FCF(TTM)1.86
FCFY12.27%
OCF(TTM)2.15
OCFY14.2%
SpS7.5
BVpS5.24
TBVpS-6.27
PEG (NY)0.36
PEG (5Y)1.51
Graham Number12.29
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 | 1.77 |
F-Score8
WACC6.97%
ROIC/WACC1.49
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)28%
EPS 3Y9.49%
EPS 5Y7.84%
EPS Q2Q%11.76%
EPS Next Y32.58%
EPS Next 2Y38.41%
EPS Next 3Y22.37%
EPS Next 5YN/A
Revenue 1Y (TTM)12%
Revenue growth 3Y11.03%
Revenue growth 5Y4.75%
Sales Q2Q%15.35%
Revenue Next Year24.9%
Revenue Next 2Y30.54%
Revenue Next 3Y20.67%
Revenue Next 5YN/A
EBIT growth 1Y11.9%
EBIT growth 3Y15.17%
EBIT growth 5Y5.85%
EBIT Next Year65.72%
EBIT Next 3Y34.55%
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.CA FAQ
Can you provide the ChartMill fundamental rating for STINGRAY GROUP INC?
ChartMill assigns a fundamental rating of 7 / 10 to RAY.CA.
Can you provide the valuation status for STINGRAY GROUP INC?
ChartMill assigns a valuation rating of 8 / 10 to STINGRAY GROUP INC (RAY.CA). This can be considered as Undervalued.
Can you provide the profitability details for STINGRAY GROUP INC?
STINGRAY GROUP INC (RAY.CA) has a profitability rating of 7 / 10.
Can you provide the financial health for RAY stock?
The financial health rating of STINGRAY GROUP INC (RAY.CA) is 5 / 10.
How sustainable is the dividend of STINGRAY GROUP INC (RAY.CA) stock?
The dividend rating of STINGRAY GROUP INC (RAY.CA) is 5 / 10 and the dividend payout ratio is 39.32%.