RAY.B Stock Financial Analysis - Stingray Group Inc. (TSX) Stock

Overview

Stingray Group Inc., based in Canada, operates predominantly in the music, media, and technology industry. The corporation has developed a robust portfolio of multiplatform audio and video services, delivering curated direct-to-consumer and B2B services. A key highlight of Stingray's offering includes digital music and video streaming services that span genres and languages, tailored to varied customer interests and demographics. Notably, the company has invested in developing Stingray Radio, one of Canada's leading radio broadcasters, alongside innovative projects like Stingray Karaoke and Stingray Music, which have seen extensive rollout across multiple digital and cable platforms globally. This strategic focus on broadening its digital and traditional media presence underscores Stingray’s commitment to diversifying and enhancing entertainment experiences worldwide.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Stingray Group Inc. as of June 30, 2025 is 393.46 MM.
The operating income for Stingray Group Inc. as of June 30, 2025 is 100.29 MM.
The net income for Stingray Group Inc. as of June 30, 2025 is 45.93 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	393.46	100.29	45.93
2025-03-31	386.89	100.84	36.44
2024-12-31	374.55	97.76	-17.53
2024-09-30	366.60	94.01	-24.14
2024-06-30	355.51	89.75	-20.56
2024-03-31	345.43	88.45	-13.74
2023-12-31	340.69	86.50	37.02
2023-09-30	329.66	85.26	40.90
2023-06-30	324.80	82.38	34.84
2023-03-31	323.94	78.69	30.12
2022-12-31	317.66	72.61	30.14
2022-09-30	303.44	55.24	29.74
2022-06-30	296.51	59.92	38.48
2022-03-31	282.63	51.69	33.29
2021-12-31	268.69	49.15	40.90
2021-09-30	266.22	22.51	42.47
2021-06-30	259.81	48.11	42.28
2021-03-31	247.86	43.13	45.10
2020-12-31	257.55	55.18	24.54
2020-09-30	266.30	92.47	18.51
2020-06-30

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31	-0.26	-0.25
2024-09-30	-0.35	-0.35
2024-06-30	-0.30	-0.29
2024-03-31	-0.20	-0.20
2023-12-31	0.53	0.53
2023-09-30	0.59	0.59
2023-06-30	0.50	0.50
2023-03-31	0.43	0.43
2022-12-31	0.43	0.44
2022-09-30	0.42	0.42
2022-06-30	0.55	0.54
2022-03-31	0.47	0.47
2021-12-31	0.57	0.56
2021-09-30	0.59	0.58
2021-06-30	0.58	0.57
2021-03-31	0.62	0.61
2020-12-31	0.33	0.33
2020-09-30	0.25	0.25
2020-06-30	0.16	0.16

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Stingray Group Inc. as of June 30, 2025 is 113.28 MM.
The cash from investing activities for Stingray Group Inc. as of June 30, 2025 is -17.18 MM.
The cash from financing activities for Stingray Group Inc. as of June 30, 2025 is -93.76 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	113.28	-17.18	-93.76
2025-03-31	105.04	-17.40	-83.36
2024-12-31	109.58	-18.02	-79.56
2024-09-30	105.10	-17.76	-88.60
2024-06-30	105.02	-16.75	-90.83
2024-03-31	118.53	-16.64	-107.72
2023-12-31	101.81	-18.06	-89.05
2023-09-30	95.52	-17.70	-83.42
2023-06-30	94.86	-20.58	-76.36
2023-03-31	86.95	-20.61	-65.45
2022-12-31	81.52	-18.72	-61.76
2022-09-30	81.68	-17.52	-57.23
2022-06-30	83.67	-17.73	-58.54
2022-03-31	83.66	-18.63	-59.51
2021-12-31	86.05	-18.72	-65.89
2021-09-30	77.62	-0.86	-79.19
2021-06-30	82.59	3.52	-86.09
2021-03-31	104.25	5.43	-103.15
2020-12-31	93.79	2.35	-93.63
2020-09-30	106.29	-15.44	-88.33
2020-06-30

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Stingray Group Inc. as of June 30, 2025 is 15.00.
The p/book for Stingray Group Inc. as of June 30, 2025 is 2.05.
The p/tbv for Stingray Group Inc. as of June 30, 2025 is -1.48.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	15.00	2.05	-1.48
2025-03-31	-27.96	1.84	-1.32
2024-12-31	-16.98	1.61	-1.08
2024-09-30	-19.48	1.57	-1.06
2024-06-30	-35.47	1.96	-1.26
2024-03-31	13.47	1.63	-1.29
2023-12-31	9.40	1.28	-0.98
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31	12.75	1.86	-1.21
2021-12-31	10.55	1.60	-1.17
2021-09-30	12.46	1.92	-1.36
2021-06-30	10.35	1.60	-1.13
2021-03-31	9.79	1.61	-1.17
2020-12-31	18.20	1.56	-1.19
2020-09-30	24.30	1.60	-1.17
2020-06-30	38.12	1.64	-1.15

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Stingray Group Inc. as of June 30, 2025 is 0.05.
The ebit (3y)/ev for Stingray Group Inc. as of June 30, 2025 is 0.03.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.05	0.03
2025-03-31	-0.00	0.01
2024-12-31	-0.01	0.03
2024-09-30	-0.01	0.04
2024-06-30	0.00	0.03
2024-03-31	0.06	0.05
2023-12-31	0.07	0.06
2023-09-30	0.06	0.07
2023-06-30	0.05	0.07
2023-03-31	0.05	0.06
2022-12-31	0.05	0.06
2022-09-30	0.06	0.06
2022-06-30	0.05	0.05
2022-03-31	0.06	0.05
2021-12-31	0.07	0.05
2021-09-30	0.07	0.03
2021-06-30	0.08	0.03
2021-03-31	0.08	0.03
2020-12-31	0.04	0.02
2020-09-30	0.03	0.01
2020-06-30	0.02	0.01

Management Effectiveness

The roa for Stingray Group Inc. as of June 30, 2025 is 0.05.
The roe for Stingray Group Inc. as of June 30, 2025 is 0.18.
The roic for Stingray Group Inc. as of June 30, 2025 is 0.06.
The croic for Stingray Group Inc. as of June 30, 2025 is 0.01.
The ocroic for Stingray Group Inc. as of June 30, 2025 is 0.17.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.05	0.18	0.06	0.01	0.17
2025-03-31	-0.02	0.15	-0.03	0.02	0.17
2024-12-31	-0.03	-0.06	-0.04	-0.00	0.16
2024-09-30	-0.02	-0.08	-0.03	-0.00	0.16
2024-06-30	-0.02	-0.05	-0.02	-0.01	0.19
2024-03-31	0.04	0.13	0.05	-0.01	0.14
2023-12-31	0.05	0.14	0.06	-0.01	0.13
2023-09-30	0.04	0.12	0.05	-0.00	0.13
2023-06-30	0.03	0.12	0.05	-0.00	0.13
2023-03-31	0.03	0.11	0.04	0.00	0.12
2022-12-31	0.04	0.11	0.04	0.01	0.12
2022-09-30	0.05	0.11	0.04	0.01	0.12
2022-06-30	0.04	0.14	0.06	0.01	0.12
2022-03-31	0.05	0.12	0.05	0.01	0.13
2021-12-31	0.05	0.14	0.06	0.00	0.12
2021-09-30	0.05	0.15	0.07	-0.00	0.13
2021-06-30	0.05	0.15	0.07	0.00	0.13
2021-03-31	0.05	0.16	0.07	0.01	0.16
2020-12-31	0.03	0.08	0.04	0.00	0.14
2020-09-30	0.02	0.06	0.03	0.00	0.16
2020-06-30	0.01	0.04	0.02	-0.00	0.16

Gross Margins

The gross margin for Stingray Group Inc. as of June 30, 2025 is 0.34.
The net margin for Stingray Group Inc. as of June 30, 2025 is 0.09.
The operating margin for Stingray Group Inc. as of June 30, 2025 is 0.26.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.34	0.09	0.26
2025-03-31	0.34	-0.05	0.26
2024-12-31	0.33	-0.07	0.26
2024-09-30	0.34	-0.06	0.25
2024-06-30	0.34	-0.04	0.26
2024-03-31	0.35	0.11	0.25
2023-12-31	0.36	0.12	0.26
2023-09-30	0.35	0.11	0.25
2023-06-30	0.34	0.11	0.25
2023-03-31	0.34	0.09	0.24
2022-12-31	0.30	0.10	0.18
2022-09-30	0.32	0.10	0.18
2022-06-30	0.31	0.13	0.20
2022-03-31	0.41	0.12	0.18
2021-12-31	0.37	0.15	0.18
2021-09-30	0.43	0.16	0.08
2021-06-30	0.43	0.16	0.18
2021-03-31	0.43	0.18	0.17
2020-12-31	0.36	0.10	0.21
2020-09-30	0.36	0.07	0.21
2020-06-30	0.36	0.04	0.25