Company Valuation: Stingray Group Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 509.4 412.8 527.6 609.7 981.9 1,014 - -
Change - -18.96% 27.81% 15.55% 61.05% 3.31% - -
Enterprise Value (EV) 1 906.8 783.9 882.3 937.1 1,485 1,496 1,383 1,263
Change - -13.55% 12.56% 6.2% 58.5% 0.71% -7.57% -8.64%
P/E 15.4x 13.9x -11.4x 16.9x -34.4x 14.4x 10.6x -
PBR - 1.44x 2.13x 2.32x 4.64x 3.76x 2.8x 2.21x
PEG - -1.63x 0x -0x 0x -0x 0.3x -
Capitalization / Revenue 1.8x 1.27x 1.53x 1.58x 2.08x 1.55x 1.46x 1.46x
EV / Revenue 3.21x 2.42x 2.55x 2.42x 3.15x 2.29x 1.98x 1.81x
EV / EBITDA 9.13x 6.87x 7.01x 6.59x 9.27x 6.61x 5.63x 4.95x
EV / EBIT 14.2x 11.8x 28.3x 10.6x 12.3x 10.1x 8.18x 6.79x
EV / FCF 13.9x 12.3x 10.8x 11.2x 14.6x 10.8x 8.42x 7.8x
FCF Yield 7.17% 8.12% 9.29% 8.92% 6.87% 9.3% 11.9% 12.8%
Dividend per Share 2 0.3 0.3 0.3 0.3 0.32 0.34 0.34 0.34
Rate of return 4.13% 5.03% 3.91% 3.34% 2.22% 2.25% 2.25% 2.25%
EPS 2 0.47 0.43 -0.67 0.53 -0.42 1.055 1.43 -
Distribution rate 63.8% 69.8% -44.8% 56.6% -76.2% 32.2% 23.8% -
Net sales 1 282.6 323.9 345.4 386.9 471.6 653.7 696.7 697
EBITDA 1 99.27 114.1 125.9 142.2 160.2 226.4 245.5 255
EBIT 1 63.72 66.49 31.17 88.12 121.2 147.9 169 186
Net income 1 33.29 30.12 -13.74 36.44 -28.58 75.64 98.75 119
Net Debt 1 397.4 371.1 354.7 327.4 503.4 481.5 368.2 248.8
Reference price 2 7.26 5.96 7.67 8.97 14.43 15.14 15.14 15.14
Nbr of stocks (in thousands) 70,178 69,313 68,808 68,217 68,046 66,999 - -
Announcement Date 6/7/22 6/6/23 6/4/24 6/10/25 6/9/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.64x2.19x9.77x1.42% 183B
42.68x6.12x26.32x-.--% 23.5B
17.94x1.87x19.46x1.71% 5.71B
46.79x - - 1.91% 4.45B
13.02x1.8x17.46x4.91% 3.69B
11.81x0.86x5.6x7.22% 3.39B
-5.2x2.12x7.6x-.--% 3.23B
13.78x0.58x4.55x1.63% 3.06B
7.36x0.71x3.22x6.68% 2.08B
Average 18.54x 2.03x 11.75x 2.83% 25.82B
Weighted average by Cap. 20.91x 2.52x 11.62x 1.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Stingray Group Inc.