Education
About Us
Working with TipRanks
Follow Us
Stingray Dgt Vary SV (TSE:RAY.B)
TSX:RAY.B
Top Page
Stingray Dgt Vary SV
(TSX:RAY.B)
Select Model
Select Model
Rating:73Outperform
Price Target:
C$13.50
▲(19.15% Upside)
Stingray Dgt Vary SV's overall stock score is driven by strong financial performance and bullish technical indicators, despite some valuation concerns. The company's efficient operations and positive market momentum are significant strengths, while reliance on debt and potential overbought conditions are key risks.
Stingray Dgt Vary SV (RAY.B) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$776.33M
Dividend Yield2.68%
Average Volume (3M)321.00
Price to Earnings (P/E)16.6
Beta (1Y)0.03
Revenue Growth10.68%
EPS GrowthN/A
CountryCA
Employees1,000
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)0.25
Shares Outstanding1,195,677
10 Day Avg. Volume210
30 Day Avg. Volume321
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)2.30
Price to Sales (P/S)1.58
P/FCF Ratio6.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Stingray Dgt Vary SV Business Overview & Revenue Model
Company DescriptionStingray 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 MoneyStingray generates revenue through multiple streams, primarily by licensing its music and video content to businesses across various industries. This includes subscription-based models where clients pay for access to Stingray's extensive catalog of audio and video content. Additionally, the company earns revenue by providing customized music solutions, which may include tailor-made playlists and branding services for businesses. Strategic partnerships with content creators and distributors further enhance Stingray's offerings, allowing the company to provide exclusive content and services while expanding its reach in the digital media marketplace.
Stingray Dgt Vary SV Earnings Call Summary
Earnings Call Date:Aug 05, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 11, 2025
Earnings Call Sentiment Positive
The earnings call highlights significant achievements in revenue growth, channel expansion, and financial management, despite minor regional revenue declines and a one-time subscription revenue bump. Overall, the positive aspects significantly outweigh the lowlights, indicating strong company performance.Q4-2025 Updates
Positive Updates
Record Advertising Revenue Growth
Advertising revenue in broadcast and commercial music grew over 45% for the second consecutive year, driven by FAST channels and retail media.
Successful Launch of New Channels
Stingray launched new channels like Cozy Cafe and Stargaze, strengthening its leadership in connected TV music and ambient content.
Debt Reduction and Financial Stability
Net debt was reduced by $27 million, ending the year with a leverage ratio of 2.28x, indicating strong financial management.
Strong Organic Growth
Organic growth reached 12.3%, following the previous year's 10.2%, marking two consecutive years of double-digit growth.
Increase in Broadcasting and Commercial Music Revenue
Broadcasting and commercial music revenue rose 17.8% to $254 million, with radio revenue up 2.3% to $132 million.
Significant Improvement in Net Income
Net income was $7.7 million, a significant improvement from last year's $46.3 million loss due to a goodwill impairment charge.
Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA grew 19% to $35 million, with margins expanding to 36.5%.
Negative Updates
Decline in Other Regions
Revenue from regions outside Canada and the U.S. declined by 5.5% to $11.2 million.
Slight Decrease in Cash Flow from Operations
Cash flow from operations was $39.7 million, slightly down due to higher taxes and restructuring costs.
One-Time Subscription Revenue Bump
Subscription revenue growth of 7% in Q4 was attributed to a one-time promotional bump, not sustainable for future quarters.
Company Guidance
During the Stingray Group Inc. Q4 2025 results conference call, the company reported strong financial performance and strategic initiatives, setting the stage for continued growth in fiscal 2026. Key highlights included a 45% increase in advertising revenue in broadcast and commercial music for the second consecutive year, driven by FAST channels and retail media. Organic growth reached 12.3%, marking a second year of double-digit growth. Financially, net debt was reduced by $27 million, ending the year with leverage at 2.28x, and adjusted EBITDA grew by 19% to $35 million with margins expanding to 36.5%. Broadcasting and commercial music revenue rose 17.8% to $254 million, while radio grew 2.3% to $132 million. Looking ahead, priorities for fiscal 2026 include reinvesting in growth areas, reducing leverage below 2x, and engaging in strategic M&A. The company also highlighted strong cash flow from operations at $39.7 million and repurchased 275,000 shares in Q4, amounting to $9.1 million for the year.Stingray Dgt Vary SV Financial Statement Overview
Summary
Stingray Dgt Vary SV shows strong financial performance with consistent revenue growth and profitability. The company has robust EBIT and EBITDA margins, indicating efficient operations. However, reliance on debt financing and historical volatility in growth rates present potential risks.Income Statement
Stingray Dgt Vary SV shows strong revenue growth with a TTM increase of 1.7% and consistent profitability, evidenced by a healthy gross profit margin of 44.1% and a net profit margin of 11.7%. The EBIT and EBITDA margins are robust at 20.8% and 29.2% respectively, indicating efficient operational management. However, the volatility in revenue growth over the years suggests potential market challenges.75
Positive
Balance Sheet
The company's balance sheet reflects a moderate level of leverage with a debt-to-equity ratio of 1.28, which has improved from previous periods. The return on equity is strong at 17.2%, showcasing effective use of equity to generate profits. However, the equity ratio is relatively low, indicating a higher reliance on debt financing, which could pose risks if market conditions worsen.68
Positive
Cash Flow
Stingray Dgt Vary SV demonstrates solid cash flow management with a free cash flow growth rate of 8.4% in the TTM. The operating cash flow to net income ratio is slightly above 1, indicating good cash generation relative to net income. The free cash flow to net income ratio of 86.1% suggests efficient conversion of earnings into cash. Nonetheless, fluctuations in free cash flow growth in prior years highlight potential volatility.72
Positive
| 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 Dgt Vary SV Technical Analysis
Positive
11.33
Price Trends
10.59
Positive
10.37
Positive
9.29
Positive
Market Momentum
0.26
Positive
52.99
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RAY.B, the sentiment is Positive. The current price of 11.33 is above the 20-day moving average (MA) of 11.24, above the 50-day MA of 10.59, and above the 200-day MA of 9.29, indicating a bullish trend. The MACD of 0.26 indicates Positive momentum. The RSI at 52.99 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RAY.B.
Stingray Dgt Vary SV Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$776.33M | 16.60 | 17.21% | 2.68% | 10.68% | ― | |
73 Outperform | C$776.33M | 16.92 | 17.21% | 2.70% | 10.68% | ― | |
64 Neutral | C$589.75M | 6.84 | 10.16% | 6.13% | -2.14% | 4.40% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | C$25.92M | -1.42 | -5.50% | ― | -6.56% | 46.49% | |
47 Neutral | $301.58M | -3.74 | ― | ― | 14.90% | 26.37% | |
41 Neutral | $7.98M | -0.02 | ― | ― | -11.27% | 57.50% |
* Communication Services Sector Average
TSE:RAY.B
Stingray Dgt Vary SV
11.33
3.70
48.49%
TSE:CJR.B
Corus Entertainment
0.05
-0.07
-60.87%
TSE:WILD
WildBrain
1.38
0.37
36.63%
TSE:CGO
Cogeco Inc. SV
61.23
2.27
3.85%
TSE:RAY.A
Stingray Digit SV
11.13
3.35
43.06%
TSE:TVA.B
TVA Group Inc B NV
0.60
-0.49
-44.95%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.