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TSX/RAY (TSX/RAY)

Toronto Stock Exchange: TSX/RAY · CAD

CA$16.1

-0.06 (-0.4%)· Recorded snapshot

Market cap	1.1B
Revenue (ttm)	520.2M
Net income (ttm)	-38.8M
EPS (ttm)	-CA$0.57
Shares out	67M
P/E (forward)	7.9x
Dividend	CA$0.34 (2.11%)
Volume	12,450
Beta	0.90

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-11-10
Employees	1,000
Employees change	0
Employees growth	0%
Enterprise value	CAD 1.6B
Exchange	Toronto Stock Exchange
Financial currency	CAD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	March
Founded	2007
Industry	Broadcasting
Is primary listing	Yes
ISIN number	CA86084H4070
Last earnings date	2026-08-10
Last refreshed	2026-10-28
Market cap	CAD 1.1B
Next earnings date	2026-11-10
Price	CAD 16.09
Price currency	CAD
Sector	Communication Services
SIC code	4832
Stock price date	2026-10-28
Symbol	tsx/RAY
Website	https://www.stingray.com

Metric

Value

Amount currency

CAD

Country

Canada

Country code

Earnings date

2026-11-10

Employees

1,000

Employees change

Employees growth

Enterprise value

CAD 1.6B

Exchange

Toronto Stock Exchange

Financial currency

CAD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

March

Founded

2007

Industry

Broadcasting

Is primary listing

Yes

ISIN number

CA86084H4070

Last earnings date

2026-08-10

Last refreshed

2026-10-28

Market cap

CAD 1.1B

Next earnings date

2026-11-10

Price

CAD 16.09

Price currency

CAD

Sector

Communication Services

SIC code

4832

Stock price date

2026-10-28

Symbol

tsx/RAY

Website

https://www.stingray.com

Metric	Value
Adjusted P/E ratio	11.41x
Average P/E ratio (5Y)	13.32x
Earnings yield	-3.54%
EV/EBIT	16.13x
EV/EBITDA	11.89x
EV/FCF	17.31x
EV/Sales	3.18x
FCF / EV yield	5.78%
FCF yield	8.82%
Forward P/E	7.91x
P/(FCF - SBC) ratio	15.94x
P/(OCF - SBC) ratio	14.47x
P/B ratio	5.29x
P/FCF ratio	11.34x
P/OCF ratio	10.57x
P/S ratio	2.08x
Price/EBITDA ratio	8.05x
Sector forward P/E	11.5x
Sector P/E	16.12x

Metric

Value

Adjusted P/E ratio

11.41x

Average P/E ratio (5Y)

13.32x

Earnings yield

-3.54%

EV/EBIT

16.13x

EV/EBITDA

11.89x

EV/FCF

17.31x

EV/Sales

3.18x

FCF / EV yield

5.78%

FCF yield

8.82%

Forward P/E

7.91x

P/(FCF - SBC) ratio

15.94x

P/(OCF - SBC) ratio

14.47x

P/B ratio

5.29x

P/FCF ratio

11.34x

P/OCF ratio

10.57x

P/S ratio

2.08x

Price/EBITDA ratio

8.05x

Sector forward P/E

11.5x

Sector P/E

16.12x

Metric	Value
EBIT margin	19.75%
EBITDA margin	25.84%
FCF margin	18.35%
Gross margin	28.69%
Operating margin	19.75%
Pretax margin	-7.11%
Profit margin	-7.45%
Profit per employee	CAD -38,768
Profitable quarters	1
Revenue per employee	CAD 520,151
ROA	6.84%
ROA (5Y)	5.98%
ROCE	12.25%
ROE	-16.04%
ROE (5Y)	3.99%
ROIC	13.58%
ROIC (5Y)	-7.93%
SBC / revenue	5.3%
Tax / revenue	0.34%

Metric

Value

EBIT margin

19.75%

EBITDA margin

25.84%

FCF margin

18.35%

Gross margin

28.69%

Operating margin

19.75%

Pretax margin

-7.11%

Profit margin

-7.45%

Profit per employee

CAD -38,768

Profitable quarters

Revenue per employee

CAD 520,151

ROA

6.84%

ROA (5Y)

5.98%

ROCE

12.25%

ROE

-16.04%

ROE (5Y)

3.99%

ROIC

13.58%

ROIC (5Y)

-7.93%

SBC / revenue

5.3%

Tax / revenue

0.34%

Metric	Value
EPS growth (Q)	-59.64%
EPS growth years	0
FCF growth	-9.46%
FCF growth (Q)	-80.5%
FCF growth (QoQ)	-90.14%
FCF growth 3Y	3.37%
FCF growth 5Y	4.79%
Gross profit growth	13.64%
Gross profit growth (Q)	56.46%
Gross profit growth 3Y	9.16%
Gross profit growth 5Y	11.46%
Net income growth (Q)	-60.73%
Net income growth years	0
OCF growth	-9.63%
OCF growth (Q)	-74.71%
OCF growth (QoQ)	-86.37%
OCF growth 10Y	19.27%
OCF growth 3Y	2.57%
OCF growth 5Y	4.39%
Operating income growth	2.43%
Operating income growth (Q)	39.21%
Operating income growth 3Y	7.64%
Operating income growth 5Y	16.39%
Revenue growth	32.2%
Revenue growth (Q)	65.23%
Revenue growth (QoQ)	27.41%
Revenue growth 10Y	18.58%
Revenue growth 3Y	17%
Revenue growth 5Y	14.89%
Revenue growth quarters	21
Revenue growth years	5

Metric

Value

EPS growth (Q)

-59.64%

EPS growth years

FCF growth

-9.46%

FCF growth (Q)

-80.5%

FCF growth (QoQ)

-90.14%

FCF growth 3Y

3.37%

FCF growth 5Y

4.79%

Gross profit growth

13.64%

Gross profit growth (Q)

56.46%

Gross profit growth 3Y

9.16%

Gross profit growth 5Y

11.46%

Net income growth (Q)

-60.73%

Net income growth years

OCF growth

-9.63%

OCF growth (Q)

-74.71%

OCF growth (QoQ)

-86.37%

OCF growth 10Y

19.27%

OCF growth 3Y

2.57%

OCF growth 5Y

4.39%

Operating income growth

2.43%

Operating income growth (Q)

39.21%

Operating income growth 3Y

7.64%

Operating income growth 5Y

16.39%

Revenue growth

32.2%

Revenue growth (Q)

65.23%

Revenue growth (QoQ)

27.41%

Revenue growth 10Y

18.58%

Revenue growth 3Y

17%

Revenue growth 5Y

14.89%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CAD -6.9M
Depreciation and amortization	CAD 31.7M
EBIT	CAD 102.7M
EBITDA	CAD 134.4M
EPS	CAD -0.57
FCF per share	CAD 1.42
Financing cash flow	CAD 146.5M
Free cash flow	CAD 95.4M
Free cash flow minus SBC	CAD 67.9M
Gross profit	CAD 149.2M
Income taxes	CAD 1.8M
Investing cash flow	CAD -239M
Net borrowing	CAD 227.5M
Net cash flow	CAD 10.4M
Net income	CAD -38.8M
Operating cash flow minus SBC	CAD 74.8M
Operating income	CAD 102.7M
Revenue	CAD 520.2M
Stock-based compensation	CAD 27.6M

Metric

Value

Capital expenditures

CAD -6.9M

Depreciation and amortization

CAD 31.7M

EBIT

CAD 102.7M

EBITDA

CAD 134.4M

EPS

CAD -0.57

FCF per share

CAD 1.42

Financing cash flow

CAD 146.5M

Free cash flow

CAD 95.4M

Free cash flow minus SBC

CAD 67.9M

Gross profit

CAD 149.2M

Income taxes

CAD 1.8M

Investing cash flow

CAD -239M

Net borrowing

CAD 227.5M

Net cash flow

CAD 10.4M

Net income

CAD -38.8M

Operating cash flow minus SBC

CAD 74.8M

Operating income

CAD 102.7M

Revenue

CAD 520.2M

Stock-based compensation

CAD 27.6M

Metric	Value
Altman Z-Score	1.28
Book value per share	CAD 3.05
Debt / EBITDA	4.25
Debt / equity	2.9
Debt / FCF	6.2
Goodwill	CAD 277.1M
Interest coverage	3.92
Long-term assets	CAD 857.4M
Long-term liabilities	CAD 633.9M
Net cash (debt)	CAD -570.3M
Net cash / market cap	-52.71%
Net debt / EBITDA	4.24
Net debt / equity	2.79
Net debt / FCF	5.98
Piotroski F-Score	4
Property, plant and equipment	CAD 54.6M
Shareholders' equity	CAD 204.5M
Tangible book value	CAD -553.8M
Tangible book value per share	CAD -8.27
Total assets	CAD 1.1B
Total cash	CAD 21.9M
Total debt	CAD 592.2M
Total liabilities	CAD 856M
WACC	7.2%

Metric

Value

Altman Z-Score

1.28

Book value per share

CAD 3.05

Debt / EBITDA

4.25

Debt / equity

2.9

Debt / FCF

6.2

Goodwill

CAD 277.1M

Interest coverage

3.92

Long-term assets

CAD 857.4M

Long-term liabilities

CAD 633.9M

Net cash (debt)

CAD -570.3M

Net cash / market cap

-52.71%

Net debt / EBITDA

4.24

Net debt / equity

2.79

Net debt / FCF

5.98

Piotroski F-Score

Property, plant and equipment

CAD 54.6M

Shareholders' equity

CAD 204.5M

Tangible book value

CAD -553.8M

Tangible book value per share

CAD -8.27

Total assets

CAD 1.1B

Total cash

CAD 21.9M

Total debt

CAD 592.2M

Total liabilities

CAD 856M

WACC

7.2%

Metric	Value
Asset turnover	0.55
Current assets	CAD 203.1M
Current liabilities	CAD 222M
Current ratio	0.91
Inventory turnover	91.42
Net working capital	CAD -14.1M
Quick ratio	0.78
Working capital	CAD -18.9M
Working capital turnover	-79.35

Metric

Value

Asset turnover

0.55

Current assets

CAD 203.1M

Current liabilities

CAD 222M

Current ratio

0.91

Inventory turnover

91.42

Net working capital

CAD -14.1M

Quick ratio

0.78

Working capital

CAD -18.9M

Working capital turnover

-79.35

Metric	Value
Buyback yield / dilution	1.13%
Dividend growth	13.79%
Dividend growth (10Y)	9.28%
Dividend growth (3Y)	4.26%
Dividend growth (5Y)	2.53%
Dividend growth years	1
Dividend payment date	2026-09-15
Dividend payment years	12
Dividend payout frequency	Quarterly
Dividend per share	CAD 0.34
Dividend yield	2.11%
Ex-dividend date	2026-08-31
FCF payout ratio	23.87%
Last dividend	CAD 0.09
Shareholder yield	3.23%

Metric

Value

Buyback yield / dilution

1.13%

Dividend growth

13.79%

Dividend growth (10Y)

9.28%

Dividend growth (3Y)

4.26%

Dividend growth (5Y)

2.53%

Dividend growth years

Dividend payment date

2026-09-15

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

CAD 0.34

Dividend yield

2.11%

Ex-dividend date

2026-08-31

FCF payout ratio

23.87%

Last dividend

CAD 0.09

Shareholder yield

3.23%

Metric	Value
150-day SMA	CAD 15.29
1D price change	-0.37%
1M price change	6.8%
1M total return	6.8%
1W price change	1.7%
1W total return	1.7%
1Y price change	38.21%
1Y return CAGR	41.39%
1Y total return	41.36%
20-day SMA	CAD 15.88
200-day SMA	CAD 15.35
3M price change	4.73%
3M total return	5.31%
3Y price change	263.37%
3Y return CAGR	58.99%
3Y total return	302.02%
50-day SMA	CAD 15.69
50-day SMA vs 200-day SMA	50over200
52-week high	CAD 18.00
52-week high date	2026-02-13
52-week low	CAD 10.96
52-week low date	2025-11-06
5Y price change	143.16%
5Y return CAGR	24.42%
5Y total return	198.07%
6M price change	4.66%
6M total return	5.87%
All-time high	CAD 18.00
All-time high date	2026-02-13
All-time low	CAD 3.18
All-time low date	2020-03-26
Average true range (ATR)	CAD 0.38
Average volume	18.4K
Beta (1Y)	0.85
Beta (2Y)	0.72
Beta (5Y)	0.9
Change from 52-week high	-10.61%
Change from 52-week low	46.87%
Change from all-time high	-10.17%
Change from all-time low	408.49%
Change from open	1.84%
Day's gap	-2.17%
Dollar volume	CAD 200,321
High price	CAD 16.18
Low price	CAD 15.80
Monthly RSI	70.84
Open price	CAD 15.80
Position in 52-week range	76.32%
Previous close	CAD 16.15
Price vs 150-day SMA	5.76%
Price vs 20-day SMA	1.86%
Price vs 200-day SMA	5.35%
Price vs 50-day SMA	3.09%
Relative volume	0.68
RSI	56.97
Sharpe ratio	0.94
Sharpe ratio (3Y)	1.29
Sharpe ratio (5Y)	0.63
Sortino ratio	1.81
Sortino ratio (3Y)	2.46
Sortino ratio (5Y)	1.19
Volume	12.5K
Weekly RSI	57.39
YTD price change	11.98%
YTD total return	13.89%

Metric

Value

150-day SMA

CAD 15.29

1D price change

-0.37%

1M price change

6.8%

1M total return

6.8%

1W price change

1.7%

1W total return

1.7%

1Y price change

38.21%

1Y return CAGR

41.39%

1Y total return

41.36%

20-day SMA

CAD 15.88

200-day SMA

CAD 15.35

3M price change

4.73%

3M total return

5.31%

3Y price change

263.37%

3Y return CAGR

58.99%

3Y total return

302.02%

50-day SMA

CAD 15.69

50-day SMA vs 200-day SMA

50over200

52-week high

CAD 18.00

52-week high date

2026-02-13

52-week low

CAD 10.96

52-week low date

2025-11-06

5Y price change

143.16%

5Y return CAGR

24.42%

5Y total return

198.07%

6M price change

4.66%

6M total return

5.87%

All-time high

CAD 18.00

All-time high date

2026-02-13

All-time low

CAD 3.18

All-time low date

2020-03-26

Average true range (ATR)

CAD 0.38

Average volume

18.4K

Beta (1Y)

0.85

Beta (2Y)

0.72

Beta (5Y)

0.9

Change from 52-week high

-10.61%

Change from 52-week low

46.87%

Change from all-time high

-10.17%

Change from all-time low

408.49%

Change from open

1.84%

Day's gap

-2.17%

Dollar volume

CAD 200,321

High price

CAD 16.18

Low price

CAD 15.80

Monthly RSI

70.84

Open price

CAD 15.80

Position in 52-week range

76.32%

Previous close

CAD 16.15

Price vs 150-day SMA

5.76%

Price vs 20-day SMA

1.86%

Price vs 200-day SMA

5.35%

Price vs 50-day SMA

3.09%

Relative volume

0.68

RSI

56.97

Sharpe ratio

0.94

Sharpe ratio (3Y)

1.29

Sharpe ratio (5Y)

0.63

Sortino ratio

1.81

Sortino ratio (3Y)

2.46

Sortino ratio (5Y)

1.19

Volume

12.5K

Weekly RSI

57.39

YTD price change

11.98%

YTD total return

13.89%

Metric	Value
Float	38.2M
Shares change (QoQ)	1.52%
Shares change (YoY)	-1.13%
Shares held by insiders	24.46%
Shares held by institutions	18.92%
Shares outstanding	67M

Metric

Value

Float

38.2M

Shares change (QoQ)

1.52%

Shares change (YoY)

-1.13%

Shares held by insiders

24.46%

Shares held by institutions

18.92%

Shares outstanding

67M

TSX/RAY (TSX/RAY)

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