Stingray Digit SV (RAY.A) AI Stock Analysis

• Market Cap: C$672.39M
• Dividend Yield: 3.06%
• Average Volume (3M): 33.50K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 0.68
• Revenue Growth: 10.68%
• EPS Growth: N/A
• Country: CA
• Employees: 1,000
• Sector: Communication Services
• Sector Strength: 90
• Industry: Broadcasting
• EPS (TTM): 0.31
• Shares Outstanding: 53,584,510
• 10 Day Avg. Volume: 30,790
• 30 Day Avg. Volume: 33,499
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$12.50
• Price Target Upside: 27.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 70 Outperform
• Price Target: C$11.00 ▲(12.13% Upside)

Stingray Digit SV's strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. The company's high leverage and bearish technical indicators are notable risks. The stock's reasonable valuation and attractive dividend yield provide additional support to the score.

Stingray Digit SV Business Overview & Revenue Model

Company Description

Stingray Group Inc. operates as a music, media, and technology company worldwide. The company offers Stingray Music, a multiplatform music service that gives listeners free access to curated music channels on television (TV), web, and mobile; Stingray Naturescape, a channel in 4K resolution; Stingray Now 4K, a curated 4K TV channel; and Stingray Festival 4K, a television channel that broadcasts exclusively in native 4K and Dolby Digital audio. It also provides Stingray Qello, an over-the-top streaming service on TV, mobile, and the web; Stingray Classica, a TV channel dedicated to classical music, including operas, ballets, concerts, and documentaries; Stingray iConcerts, a source for various live concerts; and Stingray DJAZZ, a TV channel dedicated to jazz and jazz-related genres, such as soul, blues, funk, gospel, hip-hop, fusion, reggae, Latin, swing, and bebop. In addition, the company offers karaoke services comprising The Voice, Yokee Piano, Yokee Karaoke, Yokee Guitar, Piano Academy, The Piano Keyboard, Stingray Kids' Karaoke, and Yokee Music, as well as Stingray Karaoke, a video on demand and TV app. Further, it provides music videos TV channels that include Stingray Country, Stingray cmusic, PalmarèsADISQ par Stingray, Stingray Hits!, Stingray Vibe, Stingray Loud, Stingray Retro, Stingray LiteTV, and Stingray Juicebox; and operates approximately 100 radio stations across Canada, as well as offers advertising solutions. The company distributes its products and services through various platforms that include digital cable TV, satellite TV, IPTV, OTT, the internet, mobile devices, game consoles, and connected cars. It serves cable and telecom companies, retailers, small and medium businesses, and directly to consumers. The company was formerly known as Stingray Digital Group Inc. and changed its name to Stingray Group Inc. in December 2018. Stingray Group Inc. was founded in 2007 and is headquartered in Montreal, Canada.

How the Company Makes Money

Stingray Digit SV generates revenue primarily through subscription fees for its music and media services, licensing agreements, and advertising sales. Key revenue streams include subscriptions from businesses using Stingray's in-store media and music services, as well as partnerships with broadcasters and telecom operators for content distribution. The company also earns from advertisers seeking to leverage Stingray's various platforms to reach targeted audiences. Significant factors contributing to its earnings include its wide range of customizable solutions, a large content library, and strategic partnerships that expand its global reach.

Stingray Digit SV Financial Statement Overview

Summary

Stingray Digit SV demonstrates solid financial performance with strong revenue growth and improved profitability margins. The balance sheet reflects moderate leverage typical for the industry, but requires careful management to mitigate risks. Cash flow generation remains robust, supporting operational and financial stability.

Income Statement

Stingray Digit SV has shown a consistent increase in total revenue over the past few years, with a notable revenue growth rate of 12% from 2024 to 2025. The gross profit margin for 2025 is approximately 26.1%, indicating efficient cost management. The net profit margin improved significantly to 9.4% in 2025 from a negative margin in 2024, reflecting a turnaround in profitability. EBIT and EBITDA margins are strong at 25% and 26.4%, respectively, showcasing operational efficiency. However, the volatility in net income in previous years suggests potential risks in maintaining consistent profitability.

Balance Sheet

The company's debt-to-equity ratio stands at 1.35, indicating a moderate level of leverage which is typical in the broadcasting industry. The return on equity (ROE) improved to 13.7% in 2025, reflecting better utilization of equity to generate profits. The equity ratio is 32.7%, suggesting a balanced capital structure but also highlighting reliance on debt financing. While the improvements in equity and ROE are positive, the high debt levels could pose risks if not managed carefully.

Cash Flow

Stingray Digit SV's cash flow performance is strong, with a free cash flow growth rate of -13.9% from 2024 to 2025, indicating a slight decline but still maintaining a healthy free cash flow of $89.98 million. The operating cash flow to net income ratio is 2.88, showing robust cash generation relative to net income. The free cash flow to net income ratio is 2.47, further emphasizing strong cash flow management. Despite a slight decrease in free cash flow, the overall cash flow position remains solid.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	393.46M	386.89M	345.43M	323.94M	282.63M	249.47M
Gross Profit	233.90M	100.83M	87.95M	111.67M	87.23M	83.43M
EBITDA	114.93M	102.08M	60.78M	94.66M	91.59M	116.74M
Net Income	45.93M	36.44M	-13.74M	30.12M	33.29M	45.10M
Balance Sheet
Total Assets	816.90M	816.66M	811.57M	895.20M	883.70M	822.84M
Cash, Cash Equivalents and Short-Term Investments	11.49M	13.98M	9.61M	15.45M	14.56M	9.04M
Total Debt	356.78M	360.16M	386.70M	412.24M	411.96M	365.66M
Total Liabilities	537.94M	549.82M	562.98M	608.93M	610.17M	548.14M
Stockholders Equity	278.97M	266.83M	248.58M	286.27M	273.53M	274.69M
Cash Flow
Free Cash Flow	97.55M	89.98M	104.48M	71.49M	66.61M	90.81M
Operating Cash Flow	113.28M	105.04M	118.53M	86.95M	83.66M	104.25M
Investing Cash Flow	-17.18M	-17.40M	-16.64M	-20.61M	-18.63M	5.43M
Financing Cash Flow	-93.76M	-83.36M	-107.72M	-65.45M	-59.51M	-103.15M

Stingray Digit SV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.81
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RAY.A, the sentiment is Positive. The current price of 9.81 is below the 20-day moving average (MA) of 10.05, below the 50-day MA of 10.17, and above the 200-day MA of 8.72, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 47.10 is Neutral, neither overbought nor oversold. The STOCH value of 37.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RAY.A.

Stingray Digit SV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RAY.A	70 Outperform	C$672.39M	14.72	17.21%	3.06%	10.68%	―
Sector *	60 Neutral	$43.56B	4.52	-12.81%	4.07%	1.87%	-43.08%
YLWDF	―	$110.82M	9.87	28.37%	8.92%	―	―
WLDBF	―	$311.29M	―	-3581.90%	―	―	―
RAY.B	73 Outperform	C$672.39M	14.59	17.21%	2.94%	10.68%	―
CGO	60 Neutral	C$569.21M	6.40	10.54%	6.16%	-0.87%	9.49%
TVA.B	54 Neutral	C$30.24M	―	-7.26%	―	-6.49%	36.66%

Stingray Digit SV Corporate Events

Stingray Group Inc. Reports Strong Q1 Fiscal 2026 Results with Strategic Acquisition

Stingray Group Inc. reported a strong start to fiscal 2026, with a 7.4% increase in revenues to $95.6 million and a 53% growth in adjusted net income. The company attributed its success to robust organic growth in broadcast and commercial music revenues, driven by FAST channel sales and strategic vendor partnerships. Despite some project delays, Stingray achieved a significant adjusted EBITDA of $33.7 million and announced the acquisition of The Singing Machine Company to enhance its karaoke offerings.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Group Acquires The Singing Machine to Expand Karaoke Offerings

Stingray Group has acquired The Singing Machine Company, a leader in consumer karaoke products, to enhance its in-car karaoke offerings with integrated microphones. This acquisition strengthens Stingray’s position in the global karaoke market by combining The Singing Machine’s hardware expertise with Stingray’s extensive karaoke library and distribution network. The move is expected to create a superior karaoke experience for consumers and open new growth opportunities, particularly in the in-car entertainment market.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Expands Music Channel Offerings on VIZIO’s WatchFree+

Stingray has expanded its offerings on VIZIO’s WatchFree+ by launching six new free ad-supported streaming television channels, enhancing its music content distribution. This strategic move aims to reach a broader audience in the United States, providing diverse music genres and moods to VIZIO customers, thereby strengthening Stingray’s market position and accessibility.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$9.50 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Expands Reach with Samsung VXT Integration

Stingray has launched its Stingray Music and Stingray Streams apps on Samsung’s VXT platform, a cloud-native content management solution. This integration allows businesses to enhance their environments through curated music and video experiences, aligning with their brand identities and improving customer engagement. The partnership with Samsung marks a significant step in Stingray’s strategy to provide innovative audio and video solutions, reinforcing its commitment to meeting the evolving demands of businesses worldwide.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$9.50 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Adjusts Timing for Q1 Fiscal 2026 Financial Results Call

Stingray Group Inc. announced a time change for its fiscal 2026 first-quarter financial results conference call, now scheduled for 9:30 a.m. Eastern Time on August 6, 2025, due to a scheduling conflict. The financial results will still be released on August 5, 2025, after market close, with all other conference call details remaining unchanged. This adjustment ensures stakeholders can participate without disruption, maintaining transparency and communication.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$9.50 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Group to Announce Q1 Fiscal 2026 Financial Results

Stingray Group Inc. announced it will release its financial results for the first quarter of fiscal 2026 on August 5, 2025. The release will be followed by a conference call on August 6, 2025, to discuss the results. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Group Nominates Jean Charest to Board, Marks Leadership Transition

Stingray Group Inc. has announced the nomination of The Honourable Jean Charest, a prominent Canadian political figure and former Premier of Québec, for election to its Board of Directors at the upcoming Annual General Meeting. Charest’s extensive experience in public service and international business is expected to bring strategic insights as Stingray aims to expand its global presence and innovate within the media and technology sectors. Meanwhile, François-Charles Sirois, a co-founder and long-serving director, will not seek re-election, marking a significant transition in the company’s leadership.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$9.50 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Group Inc. Reports Robust Financial Growth in Fiscal 2025

Stingray Group Inc. reported strong financial results for the fourth quarter and fiscal year 2025, showcasing sustained growth and financial strength. The company achieved a 14.8% increase in revenues for the fourth quarter and a 12.0% increase for the full year, alongside a significant turnaround in net income from a loss to a profit. The company’s strategic focus on advertising revenues in its Broadcast and Recurring Commercial Music segment paid off, with a notable 45% growth in advertising revenues for the second consecutive year. This performance underscores Stingray’s successful execution of its growth strategy, enhancing its industry positioning and providing positive implications for stakeholders.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$9.50 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Group CFO Takes Medical Leave; Interim CFO Appointed

Stingray Group Inc. announced that its Chief Financial Officer, Jean-Pierre Trahan, is taking a medical leave of absence. Marie-Hélène Fournier, a long-time member of the company with extensive experience in acquisitions and investments, has been appointed as the Interim Chief Financial Officer. The company assures stakeholders that its strategic operations will continue smoothly during this transition.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.