Stingray Group Stock Net Income
| RAY-B Stock | CAD 16.62 0.00 0.00% |
As of the 4th of March, Stingray has the Risk Adjusted Performance of 0.1327, semi deviation of 2.02, and Coefficient Of Variation of 605.72. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Stingray Group, as well as the relationship between them.
Stingray Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 3.9087 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 41.9 M | 44 M | |
| Net Income From Continuing Ops | 41.9 M | 44 M | |
| Net Income Applicable To Common Shares | 34.6 M | 19.4 M | |
| Net Income Per Share | 0.48 | 0.50 | |
| Net Income Per E B T | 0.88 | 0.93 |
Stingray | Net Income |
The evolution of Net Income for Stingray Group provides essential context for understanding the company's financial health trajectory. By analyzing this metric's behavior over time, investors can assess whether recent trends align with long-term patterns, and how Stingray compares to historical norms and industry peers.
Latest Stingray's Net Income Growth Pattern
Below is the plot of the Net Income of Stingray Group over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Stingray Group financial statement analysis. It represents the amount of money remaining after all of Stingray Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Stingray's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Stingray's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 36.44 M | 10 Years Trend |
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Net Income |
| Timeline |
Stingray Net Income Regression Statistics
| Arithmetic Mean | 16,365,488 | |
| Geometric Mean | 13,824,836 | |
| Coefficient Of Variation | 114.03 | |
| Mean Deviation | 15,607,573 | |
| Median | 10,717,000 | |
| Standard Deviation | 18,660,952 | |
| Sample Variance | 348.2T | |
| Range | 58.8M | |
| R-Value | 0.57 | |
| Mean Square Error | 248.9T | |
| R-Squared | 0.33 | |
| Significance | 0.02 | |
| Slope | 2,122,758 | |
| Total Sum of Squares | 5571.7T |
Stingray Net Income History
Stingray Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Stingray is extremely important. It helps to project a fair market value of Stingray Stock properly, considering its historical fundamentals such as Net Income. Since Stingray's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Stingray's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Stingray's interrelated accounts and indicators.
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Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionStingray Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Stingray Group reported net income of 36.44 M. This is 97.72% lower than that of the Media sector and significantly higher than that of the Communication Services industry. The net income for all Canada stocks is 93.62% higher than that of the company.
Stingray Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Stingray's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Stingray could also be used in its relative valuation, which is a method of valuing Stingray by comparing valuation metrics of similar companies.Stingray is currently under evaluation in net income category among its peers.
Stingray Current Valuation Drivers
We derive many important indicators used in calculating different scores of Stingray from analyzing Stingray's financial statements. These drivers represent accounts that assess Stingray's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Stingray's important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Market Cap | 302.6M | 521.7M | 515.2M | 415.1M | 373.5M | 332.0M | |
| Enterprise Value | 694.7M | 878.3M | 910.0M | 811.8M | 730.7M | 552.3M |
Stingray Fundamentals
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.0587 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 1.68 B | ||||
| Shares Outstanding | 1.21 M | ||||
| Number Of Shares Shorted | 55 | ||||
| Price To Earning | 36.94 X | ||||
| Price To Book | 3.97 X | ||||
| Price To Sales | 2.63 X | ||||
| Revenue | 386.89 M | ||||
| Gross Profit | 124.57 M | ||||
| EBITDA | 102.08 M | ||||
| Net Income | 36.44 M | ||||
| Cash And Equivalents | 6.39 M | ||||
| Cash Per Share | 0.09 X | ||||
| Total Debt | 360.16 M | ||||
| Debt To Equity | 1.36 % | ||||
| Current Ratio | 0.58 X | ||||
| Book Value Per Share | 4.19 X | ||||
| Cash Flow From Operations | 105.04 M | ||||
| Short Ratio | 10.64 X | ||||
| Earnings Per Share | 0.63 X | ||||
| Number Of Employees | 938 | ||||
| Beta | 1.01 | ||||
| Market Capitalization | 1.13 B | ||||
| Total Asset | 816.66 M | ||||
| Retained Earnings | (42.75 M) | ||||
| Working Capital | 237 K | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 2.91 % | ||||
| Net Asset | 816.66 M | ||||
| Last Dividend Paid | 0.32 |
About Stingray Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Stingray Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stingray using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stingray Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Stingray
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Stingray position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Stingray will appreciate offsetting losses from the drop in the long position's value.Moving together with Stingray Stock
Moving against Stingray Stock
The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Stingray - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Stingray Group to buy it.
The correlation of Stingray is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Stingray can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Stingray Stock Analysis
When running Stingray's price analysis, check to measure Stingray's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.