Stingray Digit SV (RAY.A) AI Stock Analysis

• Market Cap: C$776.33M
• Dividend Yield: 2.65%
• Average Volume (3M): 34.56K
• Price to Earnings (P/E): 16.9
• Beta (1Y): 0.53
• Revenue Growth: 10.68%
• EPS Growth: N/A
• Country: CA
• Employees: 1,000
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): N/A
• Shares Outstanding: 53,958,416
• 10 Day Avg. Volume: 24,316
• 30 Day Avg. Volume: 34,557
• PEG Ratio: -0.05
• Price to Book (P/B): 2.30
• Price to Sales (P/S): 1.58
• P/FCF Ratio: 6.81
• 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$13.67
• Price Target Upside: 22.82% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: C$12.50 ▲(12.31% Upside)

Stingray Digit SV's strong financial performance and bullish technical indicators are the primary drivers of its score. The company's effective cash flow management and profitability margins are notable strengths, though high leverage poses a risk. The stock's valuation is reasonable, providing a balanced investment opportunity.

Stingray Digit SV Business Overview & Revenue Model

Company Description

Stingray Digit SV (RAY.A) is a leading provider of digital media solutions, specializing in music and video streaming services. The company operates primarily in the entertainment and technology sectors, offering a wide range of products and services that include music licensing, content aggregation, and digital distribution. Stingray's core offerings cater to both consumers and businesses, providing tailored solutions for broadcasters, retailers, and mobile operators, while also delivering high-quality music and video content to end-users across various platforms.

How the Company Makes Money

Stingray Digit SV generates revenue through multiple key streams, primarily from subscription services, advertising, and licensing agreements. The company's subscription model allows users to access its vast library of music and video content for a recurring fee, contributing a significant portion of its revenue. Additionally, Stingray partners with businesses such as broadcasters and retail outlets, offering music and video content tailored to their needs, for which it charges licensing fees. Advertising revenue also plays a crucial role, as the company monetizes its free streaming services through ads targeted at users. Strategic partnerships with telecom providers and other media companies further enhance its revenue potential, allowing for bundled offerings and expanded distribution channels.

Stingray Digit SV Financial Statement Overview

Summary

Stingray Digit SV shows strong revenue growth and profitability margins, with effective cash flow management. However, high leverage requires careful monitoring to mitigate financial risks.

Income Statement

Stingray Digit SV shows strong revenue growth with a TTM increase of 1.7%, indicating robust demand in the broadcasting industry. The gross profit margin of 44.1% and net profit margin of 11.7% reflect efficient cost management and profitability. EBIT and EBITDA margins are healthy at 20.8% and 29.2%, respectively, showcasing operational efficiency. However, the company should monitor any potential fluctuations in revenue growth to maintain its competitive edge.

Balance Sheet

The company maintains a high debt-to-equity ratio of 1.28, indicating significant leverage, which could pose risks if not managed carefully. Return on equity is strong at 17.2%, reflecting effective use of equity to generate profits. The equity ratio stands at 34.1%, suggesting a balanced approach to financing assets. While the company is leveraging debt effectively, it should be cautious of potential interest rate hikes or economic downturns.

Cash Flow

Stingray Digit SV demonstrates solid cash flow management with a free cash flow growth rate of 8.4% in the TTM, indicating improved liquidity. The operating cash flow to net income ratio of 1.03 suggests efficient conversion of earnings into cash. The free cash flow to net income ratio of 0.86 highlights the company's ability to generate cash relative to its net income. Continued focus on cash flow generation will be crucial for sustaining growth and managing debt obligations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
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	112.70M	102.08M	60.28M	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	409.35M	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: 11.13
• 50DMA: Positive
• 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 11.13 is below the 20-day moving average (MA) of 11.23, above the 50-day MA of 10.59, and above the 200-day MA of 9.43, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 52.05 is Neutral, neither overbought nor oversold. The STOCH value of 34.07 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.B	73 Outperform	C$776.33M	16.60	17.21%	2.68%	10.68%	―
RAY.A	73 Outperform	C$776.33M	16.92	17.21%	2.65%	10.68%	―
CGO	64 Neutral	C$589.75M	6.84	10.16%	6.13%	-2.14%	4.40%
Y	63 Neutral	$154.65M	9.88	28.37%	8.70%	-8.13%	-53.95%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TVA.B	54 Neutral	C$25.92M	-1.42	-5.50%	―	-6.56%	46.49%
WILD	47 Neutral	$301.58M	-3.74	―	―	14.90%	26.37%

Stingray Digit SV Corporate Events

Just For Laughs and Stingray Partner to Launch Global Comedy Streaming Channels

Just For Laughs and Stingray have announced a strategic partnership to launch Free Ad-Supported Streaming TV (FAST) channels featuring premium comedy content globally. This collaboration combines Just For Laughs’ extensive comedy library with Stingray’s expertise in channel creation and distribution, aiming to make high-quality comedy accessible to a worldwide audience and setting a new standard in the industry.

The most recent analyst rating on ($TSE:RAY.A) stock is a Hold with a C$11.00 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 to Announce Q2 Fiscal 2026 Financial Results

Stingray Group Inc. is set to release its financial results for the second quarter of fiscal 2026 on November 11, 2025. The announcement will be followed by a conference call on November 12, 2025, to discuss the results. This release is significant as it provides insights into the company’s financial health and operational performance, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on ($TSE:RAY.A) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray Revolutionizes In-Car Entertainment with Advanced Karaoke Experience in BYD Vehicles

Stingray has announced the launch of an advanced in-car karaoke experience for BYD vehicles, featuring new scoring modes and integrated Singing Machine microphones. This innovation, which includes real-time pitch correction and a wide range of vocal effects, aims to enhance in-car entertainment by transforming journeys into interactive musical experiences. The collaboration with BYD marks a significant step in redefining in-car entertainment, offering passengers an opportunity to sing and connect during their travels.

The most recent analyst rating on ($TSE:RAY.A) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.

Stingray’s Loupe Art Debuts on LG Gallery+, Expanding Global Reach

Stingray has launched its Loupe Art service on LG Electronics’ LG Gallery+, providing LG TV owners access to a curated collection of high-resolution artworks from global contemporary artists. This partnership aims to enhance the viewing experience by transforming living spaces into vibrant galleries, leveraging LG’s display technology and Stingray’s diverse art curation. The service is available in a free light version in over 150 countries and a full version with premium content in 23 countries, with plans for further expansion.

The most recent analyst rating on ($TSE:RAY.A) stock is a Hold with a C$10.50 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 Content with 29 New Channels on Amazon Fire TV

Stingray has expanded its offerings by launching 29 free ad-supported streaming channels on Amazon Fire TV Channels in the U.S., enhancing its music and video content distribution. This move is part of Stingray’s strategy to provide diverse and immersive entertainment experiences, strengthening its market position and commitment to delivering high-quality content to a broad audience.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$11.00 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 Streaming Offerings with New Channels on The Roku Channel

Stingray has launched six new free ad-supported streaming television channels on The Roku Channel in the US and Canada, expanding its presence in the streaming market. These channels offer diverse music and video experiences designed for relaxation, focus, and inspiration, enhancing Stingray’s reach and providing premium content to millions of viewers without subscription requirements.

The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$13.00 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 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.