STINGRAY GROUP -VARIABLE S (RAY-B.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:RAY-B • CA86084H2090
15.55 CAD
-0.2 (-1.27%)
Last: Jan 30, 2026, 07:00 PM
Overall RAY-B gets a fundamental rating of 6 out of 10. We evaluated RAY-B against 15 industry peers in the Media industry. RAY-B has an excellent profitability rating, but there are some minor concerns on its financial health. RAY-B scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally RAY-B also has an excellent dividend rating. These ratings could make RAY-B a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
- In the past year RAY-B was profitable.
- RAY-B had a positive operating cash flow in the past year.
- 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.
1.2 Ratios
- RAY-B's Return On Assets of 6.12% is fine compared to the rest of the industry. RAY-B outperforms 75.00% of its industry peers.
- RAY-B's Return On Equity of 17.96% is amongst the best of the industry. RAY-B outperforms 91.67% of its industry peers.
- With an excellent Return On Invested Capital value of 10.36%, RAY-B belongs to the best of the industry, outperforming 91.67% 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 10.48%.
- The 3 year average ROIC (8.88%) for RAY-B is below the current ROIC(10.36%), indicating increased profibility in the last year.
| 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-B has a better Profit Margin (12.56%) than 100.00% of its industry peers.
- RAY-B's Profit Margin has improved in the last couple of years.
- RAY-B has a better Operating Margin (25.10%) than 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 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. 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.
- RAY-B has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for RAY-B has been reduced compared to 5 years ago.
- Compared to 1 year ago, RAY-B has an improved debt to assets ratio.
2.2 Solvency
- RAY-B has an Altman-Z score of 1.79. This is a bad value and indicates that RAY-B is not financially healthy and even has some risk of bankruptcy.
- RAY-B's Altman-Z score of 1.79 is fine compared to the rest of the industry. RAY-B outperforms 75.00% 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 66.67% of its industry peers.
- RAY-B has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
- RAY-B's Debt to Equity ratio of 1.23 is in line compared to the rest of the industry. RAY-B outperforms 41.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 1.79 |
ROIC/WACC1.48
WACC6.98%
2.3 Liquidity
- A Current Ratio of 1.11 indicates that RAY-B should not have too much problems paying its short term obligations.
- With a decent Current ratio value of 1.11, RAY-B is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- RAY-B has a Quick Ratio of 1.04. This is a normal value and indicates that RAY-B is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.04, RAY-B is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 33.33% over the past year.
- Measured over the past 5 years, RAY-B shows a small growth in Earnings Per Share. The EPS has been growing by 7.84% on average per year.
- Looking at the last year, RAY-B shows a quite strong growth in Revenue. The Revenue has grown by 12.69% in the last year.
- 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
- The Earnings Per Share is expected to grow by 19.96% on average over the next years. This is quite good.
- 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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 12.54, the valuation of RAY-B can be described as correct.
- Based on the Price/Earnings ratio, RAY-B is valued cheaper than 83.33% of the companies in the same industry.
- RAY-B is valuated cheaply when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 8.04, the valuation of RAY-B can be described as reasonable.
- RAY-B's Price/Forward Earnings ratio is rather cheap when compared to the industry. RAY-B is cheaper than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, RAY-B is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.54 | ||
| Fwd PE | 8.04 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are more expensive than RAY-B, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, RAY-B is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.37 | ||
| EV/EBITDA | 8.9 |
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-B has a very decent profitability rating, which 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)0.34
PEG (5Y)1.6
EPS Next 2Y35.68%
EPS Next 3Y19.96%
5. Dividend
5.1 Amount
- RAY-B has a Yearly Dividend Yield of 2.19%. Purely for dividend investing, there may be better candidates out there.
- RAY-B's Dividend Yield is rather good when compared to the industry average which is at 0.29. RAY-B pays more dividend than 91.67% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, RAY-B has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.19% |
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.
- As RAY-B did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)1.15%
Div Incr Years0
Div Non Decr Years9
5.3 Sustainability
- 39.32% of the earnings are spent on dividend by RAY-B. This is a low number and 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%
STINGRAY GROUP -VARIABLE S / RAY-B.CA FAQ
Can you provide the ChartMill fundamental rating for STINGRAY GROUP -VARIABLE S?
ChartMill assigns a fundamental rating of 6 / 10 to RAY-B.CA.
What is the valuation status of STINGRAY GROUP -VARIABLE S (RAY-B.CA) stock?
ChartMill assigns a valuation rating of 7 / 10 to STINGRAY GROUP -VARIABLE S (RAY-B.CA). This can be considered as Undervalued.
How profitable is STINGRAY GROUP -VARIABLE S (RAY-B.CA) stock?
STINGRAY GROUP -VARIABLE S (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 -VARIABLE S (RAY-B.CA) is 12.54 and the Price/Book (PB) ratio is 2.96.
What is the expected EPS growth for STINGRAY GROUP -VARIABLE S (RAY-B.CA) stock?
The Earnings per Share (EPS) of STINGRAY GROUP -VARIABLE S (RAY-B.CA) is expected to grow by 36.84% in the next year.