Stingray Group Inc (RAY-A) - Net Assets
Based on the latest financial reports, Stingray Group Inc (RAY-A) has net assets worth CA$285.17 Million CAD (≈ $206.29 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.15 Billion ≈ $833.08 Million USD) and total liabilities (CA$866.47 Million ≈ $626.79 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read RAY-A total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$285.17 Million |
| % of Total Assets | 24.76% |
| Annual Growth Rate | N/A |
| 5-Year Change | -2.86% |
| 10-Year Change | 195.19% |
| Growth Volatility | 39.05 |
Stingray Group Inc - Net Assets Trend (2014–2025)
This chart illustrates how Stingray Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore Stingray Group Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Stingray Group Inc (2014–2025)
The table below shows the annual net assets of Stingray Group Inc from 2014 to 2025. For live valuation and market cap data, see Stingray Group Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$266.83 Million ≈ $193.02 Million |
+7.34% |
| 2024-03-31 | CA$248.58 Million ≈ $179.82 Million |
-13.16% |
| 2023-03-31 | CA$286.27 Million ≈ $207.08 Million |
+4.66% |
| 2022-03-31 | CA$273.53 Million ≈ $197.87 Million |
-0.42% |
| 2021-03-31 | CA$274.69 Million ≈ $198.71 Million |
+0.29% |
| 2020-03-31 | CA$273.90 Million ≈ $198.13 Million |
-4.74% |
| 2019-03-31 | CA$287.54 Million ≈ $208.00 Million |
+121.85% |
| 2018-03-31 | CA$129.61 Million ≈ $93.76 Million |
+36.50% |
| 2017-03-31 | CA$94.95 Million ≈ $68.68 Million |
+5.04% |
| 2016-03-31 | CA$90.39 Million ≈ $65.39 Million |
+606.64% |
| 2015-03-31 | CA$-17.84 Million ≈ $-12.91 Million |
-242.13% |
| 2014-03-31 | CA$-5.21 Million ≈ $-3.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Stingray Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3403300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$292.27 Million | 109.53% |
| Other Comprehensive Income | CA$11.64 Million | 4.36% |
| Other Components | CA$5.67 Million | 2.13% |
| Total Equity | CA$266.83 Million | 100.00% |
Stingray Group Inc Competitors by Market Cap
The table below lists competitors of Stingray Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Western Copper and Gold Corp
TO:WRN
|
$631.62 Million |
|
ECN Capital Corp
TO:ECN
|
$631.79 Million |
|
Shenzhen Rayitek Hi-Tech Film Co. Ltd. A
SHG:688323
|
$631.89 Million |
|
Kim Loong Resources Bhd
KLSE:5027
|
$632.15 Million |
|
Beijing Mainstreets Investment
SHE:000609
|
$631.48 Million |
|
Hainan RuiZe New Building Material Co Ltd
SHE:002596
|
$631.41 Million |
|
Beijing Comens New Materials
SHE:300200
|
$631.28 Million |
|
Guangdong Sanhe Pile Co Ltd
SHE:003037
|
$631.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Stingray Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 248,583,000 to 266,834,000, a change of 18,251,000 (7.3%).
- Net income of 36,440,000 contributed positively to equity growth.
- Dividend payments of 20,488,000 reduced retained earnings.
- Share repurchases of 9,146,000 reduced equity.
- Other comprehensive income increased equity by 8,311,000.
- Other factors increased equity by 3,134,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$36.44 Million | +13.66% |
| Dividends Paid | CA$20.49 Million | -7.68% |
| Share Repurchases | CA$9.15 Million | -3.43% |
| Other Comprehensive Income | CA$8.31 Million | +3.11% |
| Other Changes | CA$3.13 Million | +1.17% |
| Total Change | CA$- | 7.34% |
Book Value vs Market Value Analysis
This analysis compares Stingray Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | CA$-0.15 | CA$16.20 | x |
| 2015-03-31 | CA$-0.38 | CA$16.20 | x |
| 2016-03-31 | CA$1.87 | CA$16.20 | x |
| 2017-03-31 | CA$1.84 | CA$16.20 | x |
| 2018-03-31 | CA$2.40 | CA$16.20 | x |
| 2019-03-31 | CA$4.44 | CA$16.20 | x |
| 2020-03-31 | CA$3.61 | CA$16.20 | x |
| 2021-03-31 | CA$3.74 | CA$16.20 | x |
| 2022-03-31 | CA$3.83 | CA$16.20 | x |
| 2023-03-31 | CA$4.10 | CA$16.20 | x |
| 2024-03-31 | CA$3.60 | CA$16.20 | x |
| 2025-03-31 | CA$3.87 | CA$16.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Stingray Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.42%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 3.06x
- Recent ROE (13.66%) is above the historical average (6.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 14.48% | 0.61x | 0.00x | CA$9.21 Million |
| 2015 | 0.00% | 9.31% | 0.57x | 0.00x | CA$8.39 Million |
| 2016 | 15.36% | 15.43% | 0.51x | 1.95x | CA$4.84 Million |
| 2017 | 11.29% | 10.56% | 0.52x | 2.05x | CA$1.22 Million |
| 2018 | 1.77% | 1.81% | 0.52x | 1.88x | CA$-10.66 Million |
| 2019 | -4.17% | -5.64% | 0.25x | 2.90x | CA$-40.74 Million |
| 2020 | 5.10% | 4.55% | 0.35x | 3.17x | CA$-13.42 Million |
| 2021 | 16.42% | 18.08% | 0.30x | 3.00x | CA$17.63 Million |
| 2022 | 12.17% | 11.78% | 0.32x | 3.23x | CA$5.93 Million |
| 2023 | 10.52% | 9.30% | 0.36x | 3.13x | CA$1.49 Million |
| 2024 | -5.53% | -3.98% | 0.43x | 3.26x | CA$-38.60 Million |
| 2025 | 13.66% | 9.42% | 0.47x | 3.06x | CA$9.76 Million |
Industry Comparison
This section compares Stingray Group Inc's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $144,993,047
- Average return on equity (ROE) among peers: -5.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Stingray Group Inc (RAY-A) | CA$285.17 Million | 0.00% | 3.04x | $631.50 Million |
| Stingray Group Inc (RAY-B) | $287.54 Million | -4.17% | 1.90x | $14.51 Million |
| Asian Television Network International Ltd (SAT) | $2.45 Million | -6.81% | 2.38x | $882.63K |
About Stingray Group Inc
Stingray Group Inc. operates as a music, media, and technology company in Canada, the United States, and internationally. It operates through Broadcasting and Commercial Music and Radio segments. The company offers music, digital, and advertising services to enterprise brands, including audio and video channels, radio stations, subscription video-on-demand content, free and ad-supported TV (FAST)… Read more