Stingray Group Inc (RAY-B.CA) Stock Fundamental Analysis

TSX:RAY-B • CA86084H2090

16.62 CAD
-0.78 (-4.48%)
Last: Feb 11, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

RAY-B gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 13 industry peers in the Media industry. RAY-B scores excellent on profitability, but there are some minor concerns on its financial health. RAY-B may be a bit undervalued, certainly considering the very reasonable score on growth RAY-B also has an excellent dividend rating. These ratings could make RAY-B a good candidate for value and dividend investing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year RAY-B was profitable.
  • In the past year RAY-B had a positive cash flow from operations.
  • RAY-B had positive earnings in 4 of the past 5 years.
  • RAY-B had a positive operating cash flow in each of the past 5 years.
RAY-B.CA Yearly Net Income VS EBIT VS OCF VS FCFRAY-B.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

  • RAY-B has a better Return On Assets (6.12%) than 76.92% of its industry peers.
  • RAY-B has a better Return On Equity (17.96%) than 92.31% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 10.36%, RAY-B belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
  • RAY-B had an Average Return On Invested Capital over the past 3 years of 8.88%. This is in line with the industry average of 8.38%.
  • The last Return On Invested Capital (10.36%) for RAY-B is above the 3 year average (8.88%), which is a sign of increasing profitability.
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-B.CA Yearly ROA, ROE, ROICRAY-B.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-B's Profit Margin of 12.56% is amongst the best of the industry. RAY-B outperforms 100.00% of its industry peers.
  • RAY-B's Profit Margin has improved in the last couple of years.
  • RAY-B's Operating Margin of 25.10% is amongst the best of the industry. RAY-B outperforms 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of RAY-B 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-B.CA Yearly Profit, Operating, Gross MarginsRAY-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RAY-B is creating some value.
  • The number of shares outstanding for RAY-B has been reduced compared to 1 year ago.
  • RAY-B has less shares outstanding than it did 5 years ago.
  • RAY-B has a better debt/assets ratio than last year.
RAY-B.CA Yearly Shares OutstandingRAY-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
RAY-B.CA Yearly Total Debt VS Total AssetsRAY-B.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 1.86 indicates that RAY-B is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • RAY-B has a Altman-Z score of 1.86. This is in the better half of the industry: RAY-B outperforms 76.92% of its industry peers.
  • RAY-B has a debt to FCF ratio of 3.50. This is a good value and a sign of high solvency as RAY-B would need 3.50 years to pay back of all of its debts.
  • The Debt to FCF ratio of RAY-B (3.50) is better than 69.23% of its industry peers.
  • A Debt/Equity ratio of 1.23 is on the high side and indicates that RAY-B has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.23, RAY-B is in line with its industry, outperforming 46.15% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 3.5
Altman-Z 1.86
ROIC/WACC1.47
WACC7.03%
RAY-B.CA Yearly LT Debt VS Equity VS FCFRAY-B.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-B should not have too much problems paying its short term obligations.
  • The Current ratio of RAY-B (1.11) is better than 69.23% of its industry peers.
  • A Quick Ratio of 1.04 indicates that RAY-B should not have too much problems paying its short term obligations.
  • RAY-B's Quick ratio of 1.04 is fine compared to the rest of the industry. RAY-B outperforms 69.23% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 1.04
RAY-B.CA Yearly Current Assets VS Current LiabilitesRAY-B.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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • RAY-B 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.
  • The Revenue has grown by 12.69% in the past year. This is quite good.
  • Measured over the past years, RAY-B 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-B is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.96% yearly.
  • Based on estimates for the next years, RAY-B 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.
RAY-B.CA Yearly Revenue VS EstimatesRAY-B.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-B.CA Yearly EPS VS EstimatesRAY-B.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

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.40, the valuation of RAY-B can be described as correct.
  • Based on the Price/Earnings ratio, RAY-B is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of RAY-B to the average of the S&P500 Index (27.19), we can say RAY-B is valued rather cheaply.
  • A Price/Forward Earnings ratio of 8.60 indicates a reasonable valuation of RAY-B.
  • Based on the Price/Forward Earnings ratio, RAY-B is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • RAY-B's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 13.4
Fwd PE 8.6
RAY-B.CA Price Earnings VS Forward Price EarningsRAY-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, RAY-B is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
  • RAY-B's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RAY-B is cheaper than 76.92% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.96
EV/EBITDA 9.36
RAY-B.CA Per share dataRAY-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 6 -6

4.3 Compensation for Growth

  • RAY-B'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-B may justify a higher PE ratio.
  • RAY-B's earnings are expected to grow with 19.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.36
PEG (5Y)1.71
EPS Next 2Y35.68%
EPS Next 3Y19.96%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • RAY-B has a Yearly Dividend Yield of 2.00%.
  • Compared to an average industry Dividend Yield of 0.31, RAY-B pays a better dividend. On top of this RAY-B pays more dividend than 92.31% of the companies listed in the same industry.
  • RAY-B's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2%

5.2 History

  • The dividend of RAY-B has a limited annual growth rate of 1.15%.
  • RAY-B has paid a dividend for at least 10 years, which is a reliable track record.
  • RAY-B 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-B.CA Yearly Dividends per shareRAY-B.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

  • RAY-B pays out 39.32% of its income as dividend. This is a sustainable payout ratio.
  • RAY-B's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.32%
EPS Next 2Y35.68%
EPS Next 3Y19.96%
RAY-B.CA Yearly Income VS Free CF VS DividendRAY-B.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-B.CA Dividend Payout.RAY-B.CA Dividend Payout, showing the Payout Ratio.RAY-B.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

Stingray Group Inc

TSX:RAY-B (2/11/2026, 7:00:00 PM)

16.62

-0.78 (-4.48%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-10
Earnings (Next)06-08
Inst Owners26.98%
Inst Owner ChangeN/A
Ins Owners7.22%
Ins Owner ChangeN/A
Market Cap916.93M
Revenue(TTM)413.13M
Net Income(TTM)51.89M
Analysts82.86
Price Target17.84 (7.34%)
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)1.16%
PT rev (3m)30.95%
EPS NQ rev (1m)-0.54%
EPS NQ rev (3m)-6.63%
EPS NY rev (1m)1.21%
EPS NY rev (3m)2.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.21%
Valuation
Industry RankSector Rank
PE 13.4
Fwd PE 8.6
P/S 2.22
P/FCF 8.96
P/OCF 7.74
P/B 3.17
P/tB N/A
EV/EBITDA 9.36
EPS(TTM)1.24
EY7.46%
EPS(NY)1.93
Fwd EY11.63%
FCF(TTM)1.85
FCFY11.16%
OCF(TTM)2.15
OCFY12.92%
SpS7.49
BVpS5.24
TBVpS-6.27
PEG (NY)0.36
PEG (5Y)1.71
Graham Number12.09
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 1.86
F-Score8
WACC7.03%
ROIC/WACC1.47
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-B.CA FAQ

Can you provide the ChartMill fundamental rating for Stingray Group Inc?

ChartMill assigns a fundamental rating of 7 / 10 to RAY-B.CA.


What is the valuation status of Stingray Group Inc (RAY-B.CA) stock?

ChartMill assigns a valuation rating of 7 / 10 to Stingray Group Inc (RAY-B.CA). This can be considered as Undervalued.


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

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


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

The Price/Earnings (PE) ratio for Stingray Group Inc (RAY-B.CA) is 13.4 and the Price/Book (PB) ratio is 3.17.


What is the expected EPS growth for Stingray Group Inc (RAY-B.CA) stock?

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