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 1,032 - -
Change - -18.96% 27.81% 15.55% 61.05% 5.08% - -
Enterprise Value (EV) 1 906.8 783.9 882.3 937.1 1,485 1,513 1,400 1,281
Change - -13.55% 12.56% 6.2% 58.5% 1.89% -7.49% -8.53%
P/E 15.4x 13.9x -11.4x 16.9x -34.4x 14.6x 10.8x -
PBR - 1.44x 2.13x 2.32x 4.64x 3.82x 2.85x 2.25x
PEG - -1.63x 0x -0x 0x -0x 0.3x -
Capitalization / Revenue 1.8x 1.27x 1.53x 1.58x 2.08x 1.58x 1.48x 1.48x
EV / Revenue 3.21x 2.42x 2.55x 2.42x 3.15x 2.31x 2.01x 1.84x
EV / EBITDA 9.13x 6.87x 7.01x 6.59x 9.27x 6.68x 5.7x 5.02x
EV / EBIT 14.2x 11.8x 28.3x 10.6x 12.3x 10.2x 8.28x 6.88x
EV / FCF 13.9x 12.3x 10.8x 11.2x 14.6x 10.9x 8.53x 7.9x
FCF Yield 7.17% 8.12% 9.29% 8.92% 6.87% 9.19% 11.7% 12.7%
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% 2.21% 2.21% 2.21%
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 15.40 15.40 15.40
Nbr of stocks (in thousands) 70,178 69,313 68,808 68,217 68,046 66,999 - -
Announcement Date 7/6/22 6/6/23 4/6/24 10/6/25 9/6/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.6x2.31x6.68x2.21% 744M
18.69x2.19x9.79x1.41% 184B
43.13x6.18x26.55x-.--% 23.73B
17.52x1.81x18.54x1.76% 5.7B
44.79x - - 2% 4.26B
12.95x1.69x16.64x4.96% 3.74B
12.14x0.88x5.72x7.03% 3.56B
-6.42x2.19x7.8x-.--% 3.55B
15.39x0.6x4.73x1.42% 3.35B
8.13x0.71x3.21x6.14% 2.31B
Average 18.09x 2.06x 11.07x 2.69% 23.49B
Weighted average by Cap. 20.87x 2.52x 11.60x 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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