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 1,084 - -
Change - -18.96% 27.81% 15.55% 61.05% 10.4% - -
Enterprise Value (EV) 1 906.8 783.9 882.3 937.1 1,485 1,566 1,452 1,333
Change - -13.55% 12.56% 6.2% 58.5% 5.41% -7.24% -8.23%
P/E 15.4x 13.9x -11.4x 16.9x -34.4x 15.3x 11.3x -
PBR - 1.44x 2.13x 2.32x 4.64x 4.01x 3x 2.37x
PEG - -1.63x 0x -0x 0x -0x 0.3x -
Capitalization / Revenue 1.8x 1.27x 1.53x 1.58x 2.08x 1.66x 1.56x 1.56x
EV / Revenue 3.21x 2.42x 2.55x 2.42x 3.15x 2.39x 2.08x 1.91x
EV / EBITDA 9.13x 6.87x 7.01x 6.59x 9.27x 6.91x 5.92x 5.23x
EV / EBIT 14.2x 11.8x 28.3x 10.6x 12.3x 10.6x 8.59x 7.17x
EV / FCF 13.9x 12.3x 10.8x 11.2x 14.6x 11.3x 8.84x 8.23x
FCF Yield 7.17% 8.12% 9.29% 8.92% 6.87% 8.88% 11.3% 12.2%
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% 2.1% 2.1% 2.1%
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 16.18 16.18 16.18
Nbr of stocks (in thousands) 70,178 69,313 68,808 68,217 68,046 66,999 - -
Announcement Date 07/06/22 06/06/23 04/06/24 10/06/25 09/06/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.34x2.39x6.91x2.1% 79Cr
18.48x2.17x9.69x1.43% 18TCr
43.09x6.18x26.57x-.--% 2.37TCr
18.17x1.88x19.29x1.7% 588.63Cr
45.53x - - 1.97% 433.25Cr
13.13x1.71x16.77x4.89% 377.84Cr
-6.52x2.2x7.86x-.--% 362.63Cr
12.28x0.88x5.74x7.07% 354.56Cr
16.32x0.62x4.89x1.12% 355.76Cr
8.12x0.71x3.19x6.15% 229.1Cr
Average 18.39x 2.08x 11.21x 2.64% 2.33TCr
Weighted average by Cap. 20.76x 2.51x 11.57x 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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