TSX · Broadcasting · CAD

Stingray Group Inc. (RAY.TO) Stock Analysis

Stingray Group Inc. (RAY.TO) is a Broadcasting stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

RAY.TO

CA$16.00

+CA$0.10 (+0.63%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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RAY.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$15.84
Previous Close: CA$15.90
Day's Range: 15.82–16.00
52-Week Range: 10.90–18.00
Volume: 11.75K
Beta: 0.91

Valuation

Market Cap: CA$1.07B
P/E Ratio: unprofitable
Forward P/E: 7.02
P/S ratio: 2.06
EPS (ttm): −0.57

Financials (FY)

Revenue (FY): CA$457.77M+18.32%
Net Income (FY): −CA$28.58M−178.42%
Profit margin: −7.45%
Shares Outstanding: 54.06M
1-Year Return: +49.17%

Dividend and dates

Dividend: CA$0.34+2.14%
Ex-Dividend Date: August 31, 2026
Earnings Date: November 10, 2026
Avg Volume: 32.67K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, RAY.TO closed at CA$16.00, +49.17% over 1 year.

Stingray Group Inc. (RAY.TO) has a market capitalization of CA$1.07B.

In fiscal 2025, RAY.TO reported revenue of CA$457.77M.

RAY.TO Stock Return by Calendar Year

Stingray Group Inc. (RAY.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$14,917; +49.17%
5 years: CA$10,000 CA$27,829; +178.29%
10 years: CA$10,000 CA$29,741; +197.41%

If you had invested CA$10,000 in Stingray Group Inc. (RAY.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$29,741 at the close on October 21, 2026: +197.41% in total, +11.52% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−30.15%+97.24%+12.07%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+12.07%
2025	+97.24%
2024	+29.63%
2023	+31.46%
2022	−26.58%
2021	+10.42%
2020	−2.42%
2019	+10.07%
2018	−30.15%
2017	+16.44%
2016 (partial year)	+20.88%

As of October 21, 2026.

RAY.TO Revenue and Earnings by Fiscal Year

FY ends March

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$457.77M	−CA$28.58M	−6.2%
2024	CA$386.89M	CA$36.44M	9.4%
2023	CA$345.43M	−CA$13.74M	−4.0%
2022	CA$323.94M	CA$30.12M	9.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$457.77M	—	CA$86.58M	−CA$28.58M	−6.2%
2024	CA$386.89M	—	CA$96.76M	CA$36.44M	9.4%
2023	CA$345.43M	—	CA$91.67M	−CA$13.74M	−4.0%
2022	CA$323.94M	—	CA$70.86M	CA$30.12M	9.3%

Annual figures as reported, in the company's reporting currency. As of March 31, 2026.

RAY.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$0.31+3.3% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.26	3	—
2025	CA$0.31	4	+3.3%
2024	CA$0.30	4	+0.0%
2023	CA$0.30	4	+0.0%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.26	3	—
2025	CA$0.31	4	+3.3%
2024	CA$0.30	4	+0.0%
2023	CA$0.30	4	+0.0%
2022	CA$0.30	4	+0.0%
2021	CA$0.30	4	+0.0%
2020	CA$0.30	4	+11.1%
2019	CA$0.27	4	+17.4%
2018	CA$0.23	4	+21.1%
2017	CA$0.19	4	+375.0%
2016	CA$0.04	1	—

Most recent payment: CA$0.09 per share, ex-dividend August 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

RAY.TO Valuation vs Broadcasting Median

Median of 16 stocks

Metric	RAY.TO	Broadcasting median	vs median
P/S ratio	2.06	0.40	5.2x the median
Profit margin	−7.45%	−7.31%	0.1 pts below

Medians across 16 Broadcasting stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Stingray Group Inc. (RAY.TO) is capitalised at CA$1.07B on the latest close. It is classified in the Broadcasting industry, within the Communication Services sector. Headcount on file is 1,000.

RAY.TO last closed at CA$16.00 on October 21, 2026. That is +CA$0.10 (+0.63%) against the previous close. Over the past 52 weeks the price has ranged from CA$10.90 to CA$18.00. The latest close sits 46.79% above that 52-week low.

Financial Health

In fiscal 2025, Stingray Group Inc. reported revenue of CA$457.77M. Against the prior fiscal year total of CA$386.89M, that is a change of +18.32%. The same year closed with a net loss of CA$28.58M. The reported profit margin is −7.45%. That is 0.1 percentage points below the Broadcasting median of −7.31%. Trailing earnings per share are −0.57.

Across the 4 fiscal years on file, revenue moves from CA$323.94M in 2022 to CA$457.77M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 7.02. Measured against sales, the shares trade at 2.06 times revenue. On price-to-sales that is 5.2 times the Broadcasting median of 0.4. 16 Broadcasting companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.91. Annualized volatility over the trailing 10 years is 36.26%. The trailing one-year total return is +49.17%. Measured over 10 years, that is +11.52% a year compounded.

Growth & Income

The trailing dividend yield is 2.14%. That is 5.1 percentage points below the Broadcasting median yield of 7.21%. The indicated annual rate is CA$0.34 a share. The ex-dividend date on file is August 31, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$0.26 a share. The year before, 2025, totalled CA$0.31 a share.

2026 is still running; the total return is +12.07% year to date. Across the complete calendar years on file, 2025 returned +97.24% and 2018 returned −30.15%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Stingray Group Inc. (RAY.TO) operates in the Broadcasting industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Stingray Group Inc.	RAY.TO	CA$1.07B	—
Nexstar Media Group, Inc.	NXST	$5.08B	31.2
Newsmax, Inc.	NMAX	$1.08B	—
Sinclair, Inc.	SBGI	$915.06M	16.5

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Broadcasting industry average P/E ratio is 23.8x. Stingray Group Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About 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 advertising services to enterprise brands, including audio and video channels, radio stations, premium television channels, digital TV, IPTV, 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, AI-driven consumer insights and feedback, delivers digital audio messaging and audio advertising; content distributors including television operators, streaming platforms, and automotive original equipment manufacturers. 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 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.

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