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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 $267M

LTM EBITDA $97.5M

EV

$661M

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Stingray Group Financials

Stingray Group has a last 12-month revenue of $267M and a last 12-month EBITDA of $97.5M.

In the most recent fiscal year, Stingray Group achieved revenue of $242M and an EBITDA of $42.2M.

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

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Stingray Group P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $227M $242M XXX XXX XXX
Gross Profit n/a n/a XXX XXX XXX
Gross Margin NaN% NaN% XXX XXX XXX
EBITDA $66.8M $42.2M XXX XXX XXX
EBITDA Margin 29% 17% XXX XXX XXX
Net Profit $23.3M $21.1M XXX XXX XXX
Net Margin 10% 9% XXX XXX XXX
Net Debt $258M $260M XXX XXX XXX

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Stingray Group Stock Performance

As of April 15, 2025, Stingray Group's stock price is CAD 8 (or $6).

Stingray Group has current market cap of CAD 573M (or $401M), and EV of CAD 944M (or $661M).

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Stingray Group Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$661M $401M XXX XXX XXX XXX $0.73

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Stingray Group Valuation Multiples

As of April 15, 2025, Stingray Group has market cap of $401M and EV of $661M.

Stingray Group's trades at 2.5x LTM EV/Revenue multiple, and 6.8x LTM EBITDA.

Analysts estimate Stingray Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Stingray Group Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $661M XXX XXX XXX
EV/Revenue 2.5x XXX XXX XXX
EV/EBITDA 7.9x XXX XXX XXX
P/E 18.1x XXX XXX XXX
P/E/Growth 0.4x XXX XXX XXX
EV/FCF 11.4x XXX XXX XXX

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Stingray Group Valuation Multiples

Stingray Group's NTM/LTM revenue growth is 5%

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

Over next 12 months, Stingray Group's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Stingray Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Stingray Group Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 7% XXX XXX XXX XXX
EBITDA Margin 32% XXX XXX XXX XXX
EBITDA Growth -37% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 37% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.2M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 0% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 74% XXX 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 $401M
What is the current revenue of Stingray Group? Stingray Group's last 12-month revenue is $267M.
What is the current EBITDA of Stingray Group? Stingray Group's last 12-month EBITDA is $97.5M.
What is the current EV/Revenue multiple of Stingray Group? Current revenue multiple of Stingray Group is 2.5x.
What is the current EV/EBITDA multiple of Stingray Group? Current EBITDA multiple of Stingray Group is 6.8x.
What is the current revenue growth of Stingray Group? Stingray Group revenue growth between 2023 and 2024 was 7%.
Is Stingray Group profitable? Yes, Stingray Group is EBITDA-positive (as of the last 12 months).

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