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Home CompaniesStingray Group Inc.

Stingray Group Inc.

Communication Services Broadcasting
PortfolioPortfolio WatchlistWatchlist
Company price
16.45 CAD 0.00(0%)
Last update at 2026-11-04T14:30:00Z
VOLUME
396
Market Cap
1108.30M
P/E
25.86

Momentum Score

…

Stingray Group Inc. operates as a music, media, and technology company in Canada, the United States, and internationally. It operates through Broadcasting and Commercial Music and Radio segments. The company offers music, digital, and advertising services to enterprise brands, including audio and video channels, radio stations, subscription video-on-demand content, free and ad-supported TV (FAST) channels, karaoke products and music apps, and in-car and on-board infotainment content. It also provides commercial solutions in music, in-store advertising solutions, digital signage, and AI-driven consumer insights and feedback, as well as delivers digital audio messaging and audio advertising. In addition, the company offers subscription video on demand, such as Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray Karaoke, Stingray Naturescape, ZenLIFE by Stingray, and The Coda Collection. It also offers FAST channels, including Stingray Music, Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray CMusic, Stingray Karaoke, Stingray Naturescape, Stingray Holidayscapes, ZenLIFE by Stingray, Ultimate Trivia by Stingray, Stingray Cozy Café, Stingray Stargaze, Stingray Cityscapes, Movie Music by Stingray, Loupe Art, and EarthDay 365. The company distributes its products and services through various platforms, including digital cable TV, satellite TV, IPTV, OTT, the internet, mobile devices, game consoles, and connected cars. It serves cable and telecom companies, retailers, and small and medium businesses, as well as direct 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
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
16.45
Low
16.45
High
52 Week Price Range
7.77
Low
17.90
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
AI Summary

Stingray Group Inc. provides curated music and media channels and licensing to operators, businesses (retail, hospitality) and consumers via apps and platforms. Growth may be supported by streaming adoption, expansion of in-store business services, digital advertising and recurring licensing revenue, making it appealing for investors seeking diversified B2B/B2C media exposure.

Principal risks include competition from large streaming platforms, rising content-licensing costs, reliance on distribution partners and advertising demand, and execution risk from international expansion.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
16.45
Dividend Yield
1.96%
Revenue TTM
429.75M
Revenue Per Share
6.32
Gross Profit TTM
124.57M
Debt / Equity
1.35
ROE
15.86%
Net Debt
346.18M
ROCE
10.14%
Diluted EPS TTM
0.63

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Income before tax 47.42M 2.29M 39.66M 42.30M 61.06M
Net income 36.44M -13.74M 30.12M 33.29M 45.10M
Selling general administrative 4.08M 0.10M 3.67M 2.50M 0.62M
Gross profit 100.83M 87.95M 89.66M 68.82M 76.64M
Reconciled depreciation 30.75M 30.13M 32.98M 35.54M -
Ebit 71.33M 30.15M 79.47M 57.67M 69.08M
Ebitda 102.08M 60.28M 111.67M 92.67M 106.98M
Depreciation and amortization 30.75M 30.13M 32.21M 35.00M 37.90M
Operating income 96.76M 87.95M 79.47M 57.67M 69.08M
Other operating expenses 290.13M 226.85M 244.48M 224.95M 178.78M
Interest expense 24.72M 27.86M 22.80M 14.30M 17.78M
Tax provision 10.98M 16.03M 9.54M 9.01M -
Interest income 43.70M 28.30M 23.72M - -
Net interest income -24.72M -29.02M -24.52M -15.94M -
Income tax expense 10.98M 16.03M 9.54M 9.01M 15.96M
Total revenue 386.89M 345.43M 323.94M 282.63M 247.86M
Total operating expenses 290.13M -0.60M 10.19M 11.15M 7.56M
Cost of revenue 286.06M 257.48M 234.29M 213.80M 171.21M
Total other income expense net -49.33M -85.66M -39.81M -15.38M -8.02M
Net income from continuing ops 36.44M -13.74M 30.12M 33.29M -
Net income applicable to common shares 36.44M -13.74M 30.12M - -
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Total assets 816.66M 811.57M 895.20M 883.70M 822.84M
Intangible assets 326.84M 331.05M 341.81M 349.23M 314.87M
Other current assets 13.60M 17.37M 17.72M 13.39M 13.44M
Total liab 549.82M 562.98M 608.93M 610.17M 548.14M
Total stockholder equity 266.83M 248.58M 286.27M 273.53M 274.69M
Other current liab 74.70M 67.20M 89.34M 67.44M 55.39M
Common stock 292.27M 294.78M 297.90M 302.33M 313.95M
Capital stock 292.27M 294.78M 297.90M 302.33M -
Retained earnings -42.75M -55.92M -21.73M -31.10M -40.17M
Good will 309.69M 304.60M 360.90M 354.30M 337.90M
Other assets 8.94M 4.82M 6.15M - -
Cash 13.98M 9.61M 15.45M 14.56M 9.04M
Cash and equivalents 13.98M 9.61M 15.45M - -
Total current liabilities 113.19M 115.02M 135.18M 114.96M 120.49M
Current deferred revenue 6.85M 9.69M 7.47M 4.94M 4.97M
Net debt 346.18M 377.09M 396.79M 394.79M 356.62M
Short term debt 3.92M 11.70M 11.68M 11.67M 31.94M
Short long term debt - 7.50M 7.50M 7.50M -
Short long term debt total 360.16M 386.70M 412.24M 409.35M 365.66M
Other stockholder equity 5.67M 6.39M 6.16M 5.75M 5.18M
Property plant equipment 51.95M 57.34M 62.06M - -
Total current assets 113.42M 104.09M 115.98M 99.91M 90.61M
Long term investments 5.81M 9.66M 8.29M 6.43M -
Net receivables 83.35M 72.79M 77.11M 66.76M 64.92M
Long term debt 341.37M 356.79M 379.03M 376.14M -
Inventory 2.50M 4.32M 5.70M 5.20M 3.21M
Accounts payable 16.46M 11.66M 16.04M 18.37M 15.23M
Accumulated other comprehensive income 11.64M 3.33M 3.94M -3.44M -4.27M
Non currrent assets other 3.60M 3.17M 3.94M 5.14M 1.33M
Non current assets total 703.23M 707.48M 779.22M 783.79M 732.23M
Capital lease obligations 18.80M 22.41M 25.71M 28.32M -
Long term debt total 356.24M 375.00M 400.57M - -
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Investments -0.02M -0.17M -0.16M -0.70M -
Total cashflows from investing activities -17.40M -16.64M -20.61M -18.63M 5.43M
Net borrowings -27.02M -26.64M -2.02M 42.44M -
Total cash from financing activities -83.36M -107.72M -65.45M -59.51M -103.15M
Net income 36.44M -13.74M 30.12M 33.29M 45.10M
Change in cash 4.38M -5.85M 0.89M 5.52M 6.53M
Begin period cash flow 9.61M 15.45M 14.56M 9.04M 2.51M
End period cash flow 13.98M 9.61M 15.45M 14.56M 9.04M
Total cash from operating activities 105.04M 118.53M 86.95M 83.66M 104.25M
Depreciation 30.75M 30.63M 32.98M 35.54M 38.69M
Other cashflows from investing activities -2.34M -8.66M -5.15M -22.01M 11.12M
Dividends paid 20.49M 20.72M 20.88M 21.25M 21.97M
Change to inventory 2.72M 1.35M -0.54M -1.95M -0.07M
Change to account receivables -9.86M -0.99M -4.87M 2.03M 10.24M
Sale purchase of stock -9.15M -3.23M -4.72M -15.51M -10.53M
Other cashflows from financing activities -26.70M -57.13M -37.83M -65.48M -36.08M
Capital expenditures 15.06M 14.04M 15.46M 17.05M 13.43M
Change in working capital -6.66M -5.98M -7.48M -0.02M -10.63M
Stock based compensation 10.59M 7.28M 2.47M 6.60M 7.29M
Other non cash items 22.94M 84.31M 19.32M -0.75M 7.83M
Free cash flow 89.98M 104.48M 71.49M 66.61M 90.81M

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.		 -
-%		 16.45 25.86 8.90 2.58 3.89 3.76 14.70
TVA-B
TVA Group Inc		 -0.02
0.78%		 2.53 - 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 in Canada, the United States, and internationally. It operates through Broadcasting and Commercial Music and Radio segments. The company offers music, digital, and advertising services to enterprise brands, including audio and video channels, radio stations, subscription video-on-demand content, free and ad-supported TV (FAST) channels, karaoke products and music apps, and in-car and on-board infotainment content. It also provides commercial solutions in music, in-store advertising solutions, digital signage, and AI-driven consumer insights and feedback, as well as delivers digital audio messaging and audio advertising. In addition, the company offers subscription video on demand, such as Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray Karaoke, Stingray Naturescape, ZenLIFE by Stingray, and The Coda Collection. It also offers FAST channels, including Stingray Music, Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray CMusic, Stingray Karaoke, Stingray Naturescape, Stingray Holidayscapes, ZenLIFE by Stingray, Ultimate Trivia by Stingray, Stingray Cozy Café, Stingray Stargaze, Stingray Cityscapes, Movie Music by Stingray, Loupe Art, and EarthDay 365. The company distributes its products and services through various platforms, including digital cable TV, satellite TV, IPTV, OTT, the internet, mobile devices, game consoles, and connected cars. It serves cable and telecom companies, retailers, and small and medium businesses, as well as direct 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, Director, President & CEO 1970
Mr. Mario DuBois Senior VP & CTO NA
Mr. Lloyd Perry Feldman Senior VP, General Counsel & Corporate Secretary NA
Mr. Mathieu Peloquin Senior Vice President of Marketing & Communications 1972
Mr. Jean-Pierre Trahan C.A., CPA Chief Financial Officer (Leave of Absence) NA
Mr. David Purdy Chief Revenue Officer 1966
Ms. Marie-Helene Fournier Interim CFO, VP of Mergers & Acquisitions, Human Resources & Investor Relations NA
Mr. Rick Bergan Head of Content Distribution - United States NA
Mr. Ryan Fuss Senior Vice-President of Advertising Sales NA
Ms. Melanie McCool Senior Vice President of Legal & Strategic Affairs, USA 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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