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Stingray Group Valuation Multiples

Discover revenue and EBITDA valuation multiples for Stingray Group and similar public comparables like The ONE Enterprise, BEC World, and Southern Cross Media.

Stingray Group Overview

About Stingray Group

Stingray Group Inc is a provider of multi-platform music services. It broadcasts music and video content on several platforms including radio stations, premium television channels, digital TV, satellite TV, IPTV, the Internet, mobile devices, and game consoles. The company's reportable segments are; Broadcasting and commercial music, Radio, and Corporate and eliminations. The maximum revenue is generated from its Broadcasting and commercial music segment which specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. Geographically, the company derives its key revenue from Canada and the rest from the United States and other countries.


Founded

2011

HQ

Canada
Employees

950

Website

stingray.com

Financials

LTM Revenue $278M

LTM EBITDA $102M

EV

$656M

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Stingray Group Financials

Stingray Group has a last 12-month revenue (LTM) of $278M and a last 12-month EBITDA of $102M.

In the most recent fiscal year, Stingray Group achieved revenue of $249M and an EBITDA of $43.5M.

Stingray Group expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Stingray Group P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $278M XXX $249M XXX XXX XXX
Gross Profit $278M XXX n/a XXX XXX XXX
Gross Margin 100% XXX n/a XXX XXX XXX
EBITDA $102M XXX $43.5M XXX XXX XXX
EBITDA Margin 37% XXX 17% XXX XXX XXX
EBIT $73.0M XXX $63.9M XXX XXX XXX
EBIT Margin 26% XXX 26% XXX XXX XXX
Net Profit $37.1M XXX -$9.9M XXX XXX XXX
Net Margin 13% XXX -4% XXX XXX XXX
Net Debt XXX XXX $256M XXX XXX XXX

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Stingray Group Stock Performance

As of May 30, 2025, Stingray Group's stock price is CAD 8 (or $6).

Stingray Group has current market cap of CAD 538M (or $388M), and EV of CAD 909M (or $656M).

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Stingray Group Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$656M $388M XXX XXX XXX XXX $0.77

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Stingray Group Valuation Multiples

As of May 30, 2025, Stingray Group has market cap of $388M and EV of $656M.

Stingray Group's trades at 2.4x EV/Revenue multiple, and 7.6x EV/EBITDA.

Equity research analysts estimate Stingray Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Stingray Group has a P/E ratio of 10.5x.

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Stingray Group Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $388M XXX $388M XXX XXX XXX
EV (current) $656M XXX $656M XXX XXX XXX
EV/Revenue 2.4x XXX 2.4x XXX XXX XXX
EV/EBITDA 6.5x XXX 7.6x XXX XXX XXX
EV/EBIT 9.0x XXX 9.4x XXX XXX XXX
EV/Gross Profit 2.4x XXX n/a XXX XXX XXX
P/E 10.5x XXX 16.5x XXX XXX XXX
EV/FCF 11.3x XXX 10.7x XXX XXX XXX

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Stingray Group Margins & Growth Rates

Stingray Group's last 12 month revenue growth is 5%

Stingray Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Stingray Group's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Stingray Group's rule of X is 49% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Stingray Group Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 5% XXX 5% XXX XXX XXX
EBITDA Margin 37% XXX 32% XXX XXX XXX
EBITDA Growth 6% XXX 45% XXX XXX XXX
Rule of 40 25% XXX 37% XXX XXX XXX
Bessemer Rule of X XXX XXX 49% XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX $0.2M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 74% XXX XXX XXX

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Stingray Group Public Comps

See public comps and valuation multiples for Radio Broadcasting and Streaming comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ARN Media XXX XXX XXX XXX XXX XXX
Sports Entertainment Group XXX XXX XXX XXX XXX XXX
Southern Cross Media XXX XXX XXX XXX XXX XXX
BEC World XXX XXX XXX XXX XXX XXX
The ONE Enterprise XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Stingray Group M&A and Investment Activity

Stingray Group acquired  XXX companies to date.

Last acquisition by Stingray Group was  XXXXXXXX, XXXXX XXXXX XXXXXX . Stingray Group acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Stingray Group

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Stingray Group

When was Stingray Group founded? Stingray Group was founded in 2011.
Where is Stingray Group headquartered? Stingray Group is headquartered in Canada.
How many employees does Stingray Group have? As of today, Stingray Group has 950 employees.
Who is the CEO of Stingray Group? Stingray Group's CEO is Mr. Eric Boyko, C.P.A..
Is Stingray Group publicy listed? Yes, Stingray Group is a public company listed on TSE.
What is the stock symbol of Stingray Group? Stingray Group trades under RAY.A ticker.
When did Stingray Group go public? Stingray Group went public in 2015.
Who are competitors of Stingray Group? Similar companies to Stingray Group include e.g. ARN Media, Sports Entertainment Group, Southern Cross Media, BEC World.
What is the current market cap of Stingray Group? Stingray Group's current market cap is $388M
What is the current revenue of Stingray Group? Stingray Group's last 12 months revenue is $278M.
What is the current revenue growth of Stingray Group? Stingray Group revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of Stingray Group? Current revenue multiple of Stingray Group is 2.4x.
Is Stingray Group profitable? Yes, Stingray Group is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Stingray Group? Stingray Group's last 12 months EBITDA is $102M.
What is Stingray Group's EBITDA margin? Stingray Group's last 12 months EBITDA margin is 37%.
What is the current EV/EBITDA multiple of Stingray Group? Current EBITDA multiple of Stingray Group is 6.5x.
What is the current FCF of Stingray Group? Stingray Group's last 12 months FCF is $57.9M.
What is Stingray Group's FCF margin? Stingray Group's last 12 months FCF margin is 21%.
What is the current EV/FCF multiple of Stingray Group? Current FCF multiple of Stingray Group is 11.3x.

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