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Home CompaniesStingray Group Inc

Stingray Group Inc

Communication Services Broadcasting
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2026-05-14T21:04:12.264555Z
Market Cap
440.69M
P/E
10.75

Momentum Score

…

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 Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; 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 Yokee Piano, 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.

Source: TradingView
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52 Week Price Range
4.29
Low
6.78
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
-
Dividend Yield
4.73%
Revenue TTM
329.66M
Revenue Per Share
4.75
Gross Profit TTM
111.67M
Debt / Equity
1.44
ROE
14.02%
Net Debt
396.79M
ROCE
9.64%
Diluted EPS TTM
0.59

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Income before tax 39.66M 42.30M 61.06M 15.66M -15.22M
Net income 30.12M 33.29M 45.10M 13.97M -11.99M
Selling general administrative 3.67M 2.50M 0.62M 19.54M 2.10M
Gross profit 323.94M 282.63M 249.47M 306.72M -
Reconciled depreciation 32.98M 35.54M 38.69M 43.20M 33.02M
Ebit 73.29M 52.98M 64.42M 53.60M -4.92M
Ebitda 106.27M 88.52M 103.11M 96.80M 28.10M
Depreciation and amortization 32.98M 35.54M 38.69M 43.20M 33.02M
Operating income 73.29M 52.98M 64.42M 53.60M 36.54M
Other operating expenses 248.93M 228.00M 181.80M 250.22M 176.11M
Interest expense 22.80M 14.30M 17.78M 17.46M 10.29M
Tax provision 9.54M 9.01M 15.96M 1.69M -3.23M
Net interest income -24.52M -15.94M -21.03M -20.36M -12.18M
Income tax expense 9.54M 9.01M 15.96M 1.69M -3.23M
Total revenue 323.94M 282.63M 249.47M 306.72M 212.65M
Total operating expenses 248.93M 228.00M 181.80M 250.22M 176.11M
Total other income expense net -33.63M -10.68M -3.35M -37.94M -39.58M
Net income from continuing ops 30.12M 33.29M 45.10M 13.97M -11.99M
Net income applicable to common shares 30.12M 33.29M 45.10M 13.97M -11.99M
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Total assets 895.20M 883.70M 822.84M 867.99M 835.06M
Intangible assets 341.81M 349.23M 314.87M 327.80M 335.67M
Other current assets 17.72M 13.39M 13.44M 10.11M 9.03M
Total liab 608.93M 610.17M 548.14M 594.10M 547.53M
Total stockholder equity 286.27M 273.53M 274.69M 273.90M 287.54M
Other current liab 99.99M 79.97M 68.35M 65.64M 67.89M
Common stock 297.90M 302.33M 313.95M 322.37M 337.71M
Capital stock 297.90M 302.33M 313.95M 322.37M 337.71M
Retained earnings -21.73M -31.10M -40.17M -56.41M -53.32M
Other liab 73.19M 94.92M 93.94M 114.01M 96.03M
Good will 360.90M 354.30M 337.90M 337.77M 332.13M
Other assets 6.15M 7.95M 6.00M 11.78M 12.04M
Cash 15.45M 14.56M 9.04M 2.51M 4.67M
Total current liabilities 135.18M 114.96M 120.49M 104.89M 103.11M
Current deferred revenue 7.47M 4.94M 4.97M 1.75M 1.63M
Net debt 396.79M 397.40M 356.62M 392.10M 357.82M
Short term debt 11.68M 11.67M 31.94M 19.52M 14.09M
Short long term debt 7.50M 7.50M 27.46M 15.00M 14.09M
Short long term debt total 412.24M 411.96M 365.66M 394.62M 362.49M
Other stockholder equity 6.16M 5.75M 5.18M 4.62M 4.34M
Property plant equipment 62.06M 65.88M 70.41M 75.19M 50.33M
Total current assets 115.98M 99.91M 90.61M 89.72M 86.16M
Long term investments 8.29M 6.43M 3.05M 25.73M 18.74M
Net tangible assets -416.44M -430.00M -378.08M -391.33M -379.90M
Net receivables 77.11M 66.76M 64.92M 73.77M 69.83M
Long term debt 379.03M 376.14M 307.98M 348.76M 348.41M
Inventory 5.70M 5.20M 3.21M 3.34M 2.62M
Accounts payable 16.04M 18.37M 15.23M 17.98M 13.33M
Accumulated other comprehensive income 3.94M -3.44M -4.27M 3.32M -1.21M
Non currrent assets other 3.94M 5.14M 1.33M 1.09M 1.37M
Non current assets total 779.22M 783.79M 732.23M 778.27M 748.90M
Capital lease obligations 25.71M 28.32M 30.21M 30.85M -
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Investments -20.61M -3.21M 18.86M -0.45M -0.90M
Change to liabilities 0.00M 0.81M -15.14M 3.21M -12.18M
Total cashflows from investing activities -20.61M -18.63M 5.43M -17.95M -483.58M
Net borrowings -2.02M 42.44M -34.91M -4.64M 326.54M
Total cash from financing activities -65.45M -59.51M -103.15M -72.36M 450.14M
Change to operating activities -7.48M 0.51M 0.51M 3.24M 7.11M
Net income 30.12M 33.29M 45.10M 13.97M -11.99M
Change in cash 0.89M 5.52M 6.53M -2.16M 1.31M
Begin period cash flow 14.56M 9.04M 2.51M 4.67M 3.36M
End period cash flow 15.45M 14.56M 9.04M 2.51M 4.67M
Total cash from operating activities 86.95M 83.66M 104.25M 88.14M 34.75M
Issuance of capital stock - - - 0.00M 165.68M
Depreciation 32.98M 35.54M 38.69M 43.20M 33.02M
Dividends paid 20.88M 21.25M 21.97M 21.22M 16.01M
Change to inventory -0.54M -1.95M -0.07M -0.61M 0.30M
Change to account receivables - 2.03M 4.58M 2.63M 1.32M
Sale purchase of stock -4.40M -15.08M -10.19M -17.62M -
Other cashflows from financing activities -35.74M -11.96M -36.08M -28.65M 300.47M
Change to netincome 31.33M 15.40M 31.87M 32.31M 29.86M
Capital expenditures 15.46M 17.05M 13.43M 14.38M 20.56M
Change in working capital -7.48M -0.02M -10.63M 2.17M -4.06M
Stock based compensation 2.47M 6.60M 7.29M 1.75M 2.46M
Other non cash items 19.32M -0.75M 7.83M 25.37M 18.55M
Free cash flow 71.49M 66.61M 90.81M 73.77M 14.20M

Peer Comparison*

Sector: Communication Services Industry: Broadcasting

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
RAY
Stingray Group Inc.		 0.08
0.49%		 16.53 25.86 8.90 2.58 3.89 3.76 14.70
TVA-B
TVA Group Inc		 0.20
7.91%		 2.73 - 15.67 0.11 0.17 0.14 -7.03

Profile*

Stingray Group Inc

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 Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; 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 Yokee Piano, 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.

730 Wellington Street, Montreal, QC, Canada, H3C 1T4

514 664 1244

https://www.stingray.com

1000

Name Title Year Born
Mr. Eric Boyko CPA, CGA Co-Founder, Pres, CEO & Non-Independent Director 1970
Mr. Jean-Pierre Trahan C.A., CPA Chief Financial Officer NA
Mr. Mario DuBois Sr. VP & CTO NA
Mr. Lloyd Perry Feldman Sr. VP, Gen. Counsel & Corp. Sec. NA
Mr. Mathieu Peloquin Sr. VP of Marketing & Communications 1971
Mr. Ian S. Lurie Pres of Radio Operations NA
Mr. Sebastien Cote VP of HR NA
Mr. Rick Bergan Head of Content Distribution - United States NA
Mr. David Purdy Chief Revenue Officer 1966
Mr. Ryan Fuss Sr. Vice-Pres of Advter. Sales NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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