STINGRAY GROUP INC (RAY.CA) Fundamental Analysis & Valuation
TSX:RAY • CA86084H4070
Current stock price
14.34 CAD
-0.46 (-3.11%)
Last:
This RAY.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. RAY.CA Profitability Analysis
1.1 Basic Checks
- In the past year RAY was profitable.
- RAY had a positive operating cash flow in the past year.
- Of the past 5 years RAY 4 years were profitable.
- Each year in the past 5 years RAY had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of RAY (3.79%) is better than 75.00% of its industry peers.
- The Return On Equity of RAY (15.33%) is better than 91.67% of its industry peers.
- The Return On Invested Capital of RAY (7.77%) is better than 83.33% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for RAY is in line with the industry average of 7.66%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.79% | ||
| ROE | 15.33% | ||
| ROIC | 7.77% |
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
- The Profit Margin of RAY (10.17%) is better than 91.67% of its industry peers.
- RAY's Profit Margin has improved in the last couple of years.
- The Operating Margin of RAY (22.17%) is better than 100.00% of its industry peers.
- RAY's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.17% | ||
| PM (TTM) | 10.17% | ||
| 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.
- RAY has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, RAY has less shares outstanding
- The debt/assets ratio for RAY has been reduced compared to a year ago.
2.2 Solvency
- RAY has an Altman-Z score of 1.10. This is a bad value and indicates that RAY is not financially healthy and even has some risk of bankruptcy.
- With a decent Altman-Z score value of 1.10, RAY is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- The Debt to FCF ratio of RAY is 5.16, which is a neutral value as it means it would take RAY, 5.16 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 5.16, RAY is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- A Debt/Equity ratio of 1.82 is on the high side and indicates that RAY has dependencies on debt financing.
- With a Debt to Equity ratio value of 1.82, RAY perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | 5.16 | ||
| Altman-Z | 1.1 |
ROIC/WACC1.01
WACC7.67%
2.3 Liquidity
- RAY has a Current Ratio of 0.71. This is a bad value and indicates that RAY is not financially healthy enough and could expect problems in meeting its short term obligations.
- RAY has a Current ratio of 0.71. This is in the lower half of the industry: RAY underperforms 66.67% of its industry peers.
- RAY has a Quick Ratio of 0.71. This is a bad value and indicates that RAY is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.69, RAY is doing worse than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.69 |
3. RAY.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 28.00% over the past year.
- RAY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.84% yearly.
- Looking at the last year, RAY shows a quite strong growth in Revenue. The Revenue has grown by 14.74% in the last year.
- RAY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.75% yearly.
EPS 1Y (TTM)28%
EPS 3Y9.49%
EPS 5Y7.84%
EPS Q2Q%11.76%
Revenue 1Y (TTM)14.74%
Revenue growth 3Y11.03%
Revenue growth 5Y4.75%
Sales Q2Q%15.35%
3.2 Future
- The Earnings Per Share is expected to grow by 22.37% on average over the next years. This is a very strong growth
- Based on estimates for the next years, RAY will show a very strong growth in Revenue. The Revenue will grow by 20.67% on average per year.
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
- 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.
4. RAY.CA Valuation Analysis
4.1 Price/Earnings Ratio
- RAY is valuated reasonably with a Price/Earnings ratio of 11.20.
- Based on the Price/Earnings ratio, RAY is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.21, RAY is valued rather cheaply.
- A Price/Forward Earnings ratio of 7.13 indicates a rather cheap valuation of RAY.
- Based on the Price/Forward Earnings ratio, RAY is valued cheaper than 100.00% of the companies in the same industry.
- RAY is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.2 | ||
| Fwd PE | 7.13 |
4.2 Price Multiples
- RAY's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, RAY is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.5 | ||
| EV/EBITDA | 10.6 |
4.3 Compensation for Growth
- RAY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of RAY 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)0.34
PEG (5Y)1.43
EPS Next 2Y38.41%
EPS Next 3Y22.37%
5. RAY.CA Dividend Analysis
5.1 Amount
- RAY has a Yearly Dividend Yield of 2.41%. Purely for dividend investing, there may be better candidates out there.
- RAY's Dividend Yield is rather good when compared to the industry average which is at 0.20. RAY pays more dividend than 100.00% of the companies in the same industry.
- RAY's Dividend Yield is a higher than the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.41% |
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 Years0
Div Non Decr Years0
5.3 Sustainability
- RAY pays out 48.22% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of RAY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP48.22%
EPS Next 2Y38.41%
EPS Next 3Y22.37%
RAY.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:RAY (4/7/2026, 7:00:00 PM)
14.34
-0.46 (-3.11%)
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 Cap789.56M
Revenue(TTM)429.75M
Net Income(TTM)43.70M
Analysts80
Price Target21.08 (47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.41% |
Yearly Dividend0.3
Dividend Growth(5Y)1.15%
DP48.22%
Div Incr Years0
Div Non Decr Years0
Ex-Date05-29 2026-05-29 (0.085)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.17%
Min EPS beat(2)2.8%
Max EPS beat(2)3.54%
EPS beat(4)4
Avg EPS beat(4)7.1%
Min EPS beat(4)2.8%
Max EPS beat(4)11.61%
EPS beat(8)7
Avg EPS beat(8)5.26%
EPS beat(12)7
Avg EPS beat(12)1.15%
EPS beat(16)8
Avg EPS beat(16)-2.01%
Revenue beat(2)2
Avg Revenue beat(2)3.46%
Min Revenue beat(2)2.28%
Max Revenue beat(2)4.65%
Revenue beat(4)3
Avg Revenue beat(4)2.53%
Min Revenue beat(4)-1.87%
Max Revenue beat(4)5.05%
Revenue beat(8)6
Avg Revenue beat(8)2.06%
Revenue beat(12)9
Avg Revenue beat(12)1.52%
Revenue beat(16)10
Avg Revenue beat(16)0.98%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.2 | ||
| Fwd PE | 7.13 | ||
| P/S | 1.84 | ||
| P/FCF | 7.5 | ||
| P/OCF | 6.52 | ||
| P/B | 2.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.6 |
EPS(TTM)1.28
EY8.93%
EPS(NY)2.01
Fwd EY14.03%
FCF(TTM)1.91
FCFY13.34%
OCF(TTM)2.2
OCFY15.33%
SpS7.81
BVpS5.18
TBVpS-10.9
PEG (NY)0.34
PEG (5Y)1.43
Graham Number12.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.79% | ||
| ROE | 15.33% | ||
| ROCE | 10.79% | ||
| ROIC | 7.77% | ||
| ROICexc | 7.92% | ||
| ROICexgc | N/A | ||
| OM | 22.17% | ||
| PM (TTM) | 10.17% | ||
| GM | N/A | ||
| FCFM | 24.5% |
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-Score7
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | 5.16 | ||
| Debt/EBITDA | 4.09 | ||
| Cap/Depr | 50.41% | ||
| Cap/Sales | 3.66% | ||
| Interest Coverage | 4.77 | ||
| Cash Conversion | 95.69% | ||
| Profit Quality | 240.96% | ||
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 1.1 |
F-Score7
WACC7.67%
ROIC/WACC1.01
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)14.74%
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 1Y-0.61%
EBIT growth 3Y15.17%
EBIT growth 5Y5.85%
EBIT Next Year65.72%
EBIT Next 3Y34.55%
EBIT Next 5YN/A
FCF growth 1Y21.02%
FCF growth 3Y10.54%
FCF growth 5Y4.05%
OCF growth 1Y18.9%
OCF growth 3Y7.88%
OCF growth 5Y3.57%
STINGRAY GROUP INC / RAY.CA Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for STINGRAY GROUP INC?
ChartMill assigns a fundamental rating of 6 / 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.
What is the profitability of RAY stock?
STINGRAY GROUP INC (RAY.CA) has a profitability rating of 7 / 10.
How financially healthy is STINGRAY GROUP INC?
The financial health rating of STINGRAY GROUP INC (RAY.CA) is 3 / 10.
What is the earnings growth outlook for STINGRAY GROUP INC?
The Earnings per Share (EPS) of STINGRAY GROUP INC (RAY.CA) is expected to grow by 32.58% in the next year.