Stingray Digit SV (RAY.A) AI Stock Analysis

• Market Cap: C$674.20M
• Dividend Yield: 4.12%
• Average Volume (3M): 29.98K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 0.69
• Revenue Growth: 12.00%
• EPS Growth: N/A
• Country: CA
• Employees: 1,000
• Sector: Communication Services
• Sector Strength: 92
• Industry: Broadcasting
• EPS (TTM): 0.27
• Shares Outstanding: 52,693,980
• 10 Day Avg. Volume: 31,160
• 30 Day Avg. Volume: 29,976
• PEG Ratio: 0.06
• Price to Book (P/B): 2.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.48
• 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: 25.13% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 74 Outperform
• Price Target: C$11.00 ▲(10.11%Upside)

The overall score reflects strong financial performance, positive earnings call sentiment, and bullish technical indicators, tempered by valuation concerns and high debt levels. The company's strategic initiatives and growth in advertising revenue are significant positives.

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, advertising, and licensing agreements. The company's subscription model includes fees from both individual consumers and businesses who access its music and video streaming services. Advertising revenue is derived from the sale of ad space across its digital platforms and media channels. Additionally, Stingray earns income through licensing its content to third-party platforms and businesses, thereby expanding its reach and monetizing its media assets. Strategic partnerships with telecommunications providers and retail companies further bolster its revenue streams by integrating Stingray's offerings into their services and locations.

Stingray Digit SV Financial Statement Overview

Summary

Stingray Digit SV shows a positive financial trajectory with robust revenue and profit growth, improving equity position, and strong cash flow generation. However, high debt levels require careful management to ensure continued financial health.

Income Statement

The company exhibits strong revenue growth with a 12.0% increase from 2024 to 2025 and consistently improving net profit margins, turning from a loss in 2024 to a net income of $36.44 million in 2025. Gross profit margin remains stable, and both EBIT and EBITDA margins are healthy, indicating efficient operations and profitability.

Balance Sheet

The balance sheet shows improving stockholders' equity and a decreasing debt-to-equity ratio over the years, indicating strengthening financial stability. However, the company's total debt remains high, which could pose risks if not managed properly. The equity ratio has shown improvement, reflecting a stronger financial position.

Cash Flow

The company demonstrates strong cash flow management with consistent free cash flow generation and a high free cash flow to net income ratio. Operating cash flow has remained robust, supporting the company's ability to cover capital expenditures and debt obligations. However, a slight decline in operating cash flow from 2024 to 2025 should be monitored.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	386.89M	345.43M	323.94M	282.63M	249.47M
Gross Profit	100.83M	87.95M	111.67M	87.23M	83.43M
EBITDA	102.08M	60.78M	94.66M	91.59M	116.74M
Net Income	36.44M	-13.74M	30.12M	33.29M	45.10M
Balance Sheet
Total Assets	816.66M	811.57M	895.20M	883.70M	822.84M
Cash, Cash Equivalents and Short-Term Investments	13.98M	9.61M	15.45M	14.56M	9.04M
Total Debt	360.16M	386.70M	412.24M	411.96M	365.66M
Total Liabilities	549.82M	562.98M	608.93M	610.17M	548.14M
Stockholders Equity	266.83M	248.58M	286.27M	273.53M	274.69M
Cash Flow
Free Cash Flow	89.98M	104.48M	71.49M	66.61M	90.81M
Operating Cash Flow	105.04M	118.53M	86.95M	83.66M	104.25M
Investing Cash Flow	-17.40M	-16.64M	-20.61M	-18.63M	5.43M
Financing Cash Flow	-83.36M	-107.72M	-65.45M	-59.51M	-103.15M

Stingray Digit SV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 9.99 is above the 20-day moving average (MA) of 9.30, above the 50-day MA of 8.85, and above the 200-day MA of 8.07, indicating a bullish trend. The MACD of 0.40 indicates Negative momentum. The RSI at 70.51 is Negative, neither overbought nor oversold. The STOCH value of 64.16 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	74 Outperform	C$674.20M	18.61	14.14%	4.12%	12.00%	―
Sector *	61 Neutral	$41.22B	-1.26	-14.49%	3.94%	2.29%	-73.14%
YLWDF		$113.69M	7.12	40.32%	8.88%	―	―
WLDBF		$326.91M	―	-3581.90%	―	―	―
CGO	74 Outperform	C$625.82M	7.16	10.38%	7.81%	0.06%	115.11%
RAY.B	73 Outperform	C$674.20M	18.44	14.14%	4.19%	12.00%	―
TVA.B	54 Neutral	C$32.40M	―	-6.62%	―	-2.38%	59.61%

Stingray Digit SV Corporate Events

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.

Stingray Group to Announce Q4 Fiscal 2025 Financial Results

Stingray Group Inc. announced it will release its financial results for the fourth quarter of fiscal 2025 on June 10, 2025, with a subsequent conference call on June 11, 2025. 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 stakeholder confidence.