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 1,057 - -
Change - -18.96% 27.81% 15.55% 61.05% 7.67% - -
Enterprise Value (EV) 1 906.8 783.9 882.3 937.1 1,485 1,539 1,425 1,306
Change - -13.55% 12.56% 6.2% 58.5% 3.6% -7.36% -8.38%
P/E 15.4x 13.9x -11.4x 16.9x -34.4x 15x 11x -
PBR - 1.44x 2.13x 2.32x 4.64x 3.92x 2.92x 2.31x
PEG - -1.63x 0x -0x 0x -0x 0.3x -
Capitalization / Revenue 1.8x 1.27x 1.53x 1.58x 2.08x 1.62x 1.52x 1.52x
EV / Revenue 3.21x 2.42x 2.55x 2.42x 3.15x 2.35x 2.05x 1.87x
EV / EBITDA 9.13x 6.87x 7.01x 6.59x 9.27x 6.8x 5.81x 5.12x
EV / EBIT 14.2x 11.8x 28.3x 10.6x 12.3x 10.4x 8.43x 7.02x
EV / FCF 13.9x 12.3x 10.8x 11.2x 14.6x 11.1x 8.68x 8.06x
FCF Yield 7.17% 8.12% 9.29% 8.92% 6.87% 9.04% 11.5% 12.4%
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% 2.15% 2.15% 2.15%
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 15.78 15.78 15.78
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.($)
18.57x2.18x9.73x1.42% 183B
43.06x6.17x26.52x-.--% 23.7B
17.53x1.81x18.55x1.76% 5.69B
45x - - 1.99% 4.28B
13x1.7x16.67x4.94% 3.74B
-6.51x2.2x7.85x-.--% 3.61B
11.95x0.87x5.65x7.14% 3.51B
14.95x0.59x4.66x1.46% 3.26B
7.91x0.71x3.18x6.3% 2.26B
Average 18.38x 2.03x 11.60x 2.78% 25.86B
Weighted average by Cap. 20.79x 2.52x 11.58x 1.47%

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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