TSX/RAY (TSX/RAY)

Toronto Stock Exchange: TSX/RAY · CAD

CA$16.2

+0.12 (+0.7%)· 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 (2.10%)
Volume	26,807
Beta	0.90

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 520.2M
Net income (ttm): -38.8M
EPS (ttm): -CA$0.57
P/E (forward): 7.9x
Market cap: 1.1B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E7.9

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROE-16

P25 n/aP50 n/aP75 n/a

ROIC13.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TSX/RAY indicators

Market & fundamental data

Available fields

233

Groups with data

Currency

CAD

Showing 233 of 233 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

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 1.7B
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	2026-10-29
Market cap	CAD 1.1B
Next earnings date	2026-11-10
Price	CAD 16.19
Price currency	CAD
Sector	Communication Services
SIC code	4832
Stock price date	2026-10-29
Symbol	tsx/RAY
Website	https://www.stingray.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	11.48x
Average P/E ratio (5Y)	13.32x
Earnings yield	-3.52%
EV/EBIT	16.08x
EV/EBITDA	11.85x
EV/FCF	17.26x
EV/Sales	3.17x
FCF / EV yield	5.8%
FCF yield	8.86%
Forward P/E	7.9x
P/(FCF - SBC) ratio	15.86x
P/(OCF - SBC) ratio	14.39x
P/B ratio	5.26x
P/FCF ratio	11.28x
P/OCF ratio	10.52x
P/S ratio	2.07x
Price/EBITDA ratio	8.01x
Sector forward P/E	11.69x
Sector P/E	15.95x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

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%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

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

Financial statements

Income-statement and cash-flow amounts, totals and per share.

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

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

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	-52.97%
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	7.19%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

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

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

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	2.1%
Ex-dividend date	2026-08-31
FCF payout ratio	23.87%
Last dividend	CAD 0.09
Shareholder yield	3.24%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	CAD 15.30
1D price change	0.72%
1M price change	3.23%
1M total return	3.23%
1Y price change	39.62%
1Y return CAGR	42.83%
1Y total return	42.8%
20-day SMA	CAD 15.90
200-day SMA	CAD 15.36
3M price change	3.23%
3M total return	3.8%
3Y price change	259.55%
3Y return CAGR	58.43%
3Y total return	297.8%
50-day SMA	CAD 15.68
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	136.34%
5Y return CAGR	23.71%
5Y total return	189.71%
6M price change	9.14%
6M total return	10.4%
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 0.37
Average volume	18.1K
Beta (1Y)	0.85
Beta (2Y)	0.72
Beta (5Y)	0.9
Change from 52-week high	-10.08%
Change from 52-week low	47.74%
Change from all-time high	-11.11%
Change from all-time low	403.14%
Change from open	1.16%
Day's gap	-0.44%
Dollar volume	CAD 433,871
High price	CAD 16.22
Low price	CAD 15.96
Monthly RSI	70.33
Open price	CAD 16.00
Position in 52-week range	86.54%
Previous close	CAD 16.07
Price vs 150-day SMA	4.59%
Price vs 20-day SMA	0.6%
Price vs 200-day SMA	4.19%
Price vs 50-day SMA	2.01%
Relative volume	1.48
RSI	53.32
Sharpe ratio	0.97
Sharpe ratio (3Y)	1.35
Sharpe ratio (5Y)	0.64
Sortino ratio	1.86
Sortino ratio (3Y)	2.6
Sortino ratio (5Y)	1.2
Volume	26.8K
Weekly RSI	56.14
YTD price change	10.8%
YTD total return	12.7%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

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

Deeper analysis on TSX/RAY

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this TSX/RAY report

Is a complete TSX/RAY research report available?

No complete published report is available for tsx/RAY (TSX/RAY) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TSX/RAY (TSX/RAY)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/RAY

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/RAY indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/RAY

Frequently asked questions