Stingray Dgt Vary SV (RAY.B) AI Stock Analysis

• Market Cap: C$594.91M
• Dividend Yield: 4.05%
• Average Volume (3M): 244.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: 9.94%
• EPS Growth: -147.16%
• Country: CA
• Employees: 1,000
• Sector: Communication Services
• Sector Strength: 84
• Industry: Broadcasting
• EPS (TTM): -0.25
• Shares Outstanding: 2,306,409
• 10 Day Avg. Volume: 304
• 30 Day Avg. Volume: 244
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

The overall score reflects challenges in profitability and a bearish technical outlook. While the company shows strong revenue growth and cash flow generation, high leverage and negative net income weigh heavily on financial performance. The technical indicators suggest a current downtrend, and valuation concerns persist with a negative P/E ratio. The 4% dividend yield provides some support but does not fully offset the risks.

Stingray Dgt Vary 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 Digital Group Inc. generates revenue through multiple channels. The primary sources include subscription fees from its music streaming services, which cater to both individual consumers and businesses. The company also earns from licensing and advertising within its media content offerings. Additionally, Stingray provides in-store media solutions and digital signage services to businesses, creating another significant revenue stream. Partnerships with cable and satellite providers further enhance its distribution reach and contribute to its earnings. These various revenue streams are supported by Stingray's extensive music library and technology platforms, allowing it to offer tailored solutions to diverse market segments.

Stingray Dgt Vary SV Financial Statement Overview

Summary

Stingray Dgt Vary SV exhibits revenue growth and strong gross profit margins but faces profitability challenges with negative net income in recent periods. High leverage presents financial risk, though cash flow generation remains robust. Strategic focus on improving operating efficiency and reducing debt could enhance financial stability and performance.

Income Statement

The company has shown revenue growth with a TTM revenue increase from the previous year, but profitability metrics like the EBIT margin and net profit margin are concerning. The net profit margin is negative in the latest TTM data, reflecting a net loss. The gross profit margin is strong, indicating effective cost management at the production level, but operational expenses are likely impacting overall profitability.

Balance Sheet

The debt-to-equity ratio remains relatively high, signaling significant leverage which could pose risks if not managed carefully. However, the equity ratio is reasonable, indicating a stable asset base supported by equity. The return on equity is negative in the latest TTM, reflecting the profitability challenges, which impact shareholder returns.

Cash Flow

The company demonstrates strong operating cash flow relative to net income, suggesting good cash-generating ability despite net losses. Free cash flow is positive and has grown, highlighting effective capital expenditure control. However, sustainability of this positive cash flow in light of ongoing net losses is a potential concern.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
345.43M	323.94M	282.63M	249.47M	306.72M
	Gross Profit
118.58M	111.67M	87.23M	83.43M	116.34M
	EBIT
0.00	78.69M	51.69M	43.13M	76.04M
	EBITDA
60.78M	94.66M	91.59M	116.74M	72.81M
	Net Income Common Stockholders
-13.74M	30.12M	33.29M	45.10M	13.97M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.61M	15.45M	14.56M	9.04M	2.51M
	Total Assets
811.57M	895.20M	883.70M	822.84M	867.99M
	Total Debt
386.70M	412.24M	411.96M	365.66M	394.62M
	Net Debt
377.09M	396.79M	397.40M	356.62M	392.10M
	Total Liabilities
562.98M	608.93M	610.17M	548.14M	594.10M
	Stockholders Equity
248.58M	286.27M	273.53M	274.69M	273.90M
Cash Flow		Free Cash Flow
104.48M	71.49M	66.61M	90.81M	73.77M
	Operating Cash Flow
118.53M	86.95M	83.66M	104.25M	88.14M
	Investing Cash Flow
-16.64M	-20.61M	-18.63M	5.43M	-17.95M
	Financing Cash Flow
-107.72M	-65.45M	-59.51M	-103.15M	-72.36M

Stingray Dgt Vary SV Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RAY.B, the sentiment is Negative. The current price of 7.4 is below the 20-day moving average (MA) of 7.50, below the 50-day MA of 8.19, and below the 200-day MA of 7.70, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 40.44 is Neutral, neither overbought nor oversold. The STOCH value of 93.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RAY.B.

Stingray Dgt Vary SV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CGO	66 Neutral	C$608.27M	6.90	10.38%	5.79%	0.06%	115.11%
RAY.A	64 Neutral	C$594.91M	―	-6.14%	3.44%	9.94%	-147.16%
Sector *	59 Neutral	$13.74B	7.33	-2.74%	3.82%	2.18%	-37.91%
TVA.B	54 Neutral	C$34.56M	―	-6.62%	―	-2.38%	59.61%
RAY.B	50 Neutral	C$594.91M	―	-6.14%	4.05%	9.94%	-147.16%