Stingray Historical Financial Ratios
| RAY-A Stock | CAD 7.97 0.01 0.13% |
Stingray is promptly reporting on over 90 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Book Value Per Share of 2.12, Free Cash Flow Yield of 0.2, Invested Capital of 0.0 or Operating Cash Flow Per Share of 1.81 will help investors to properly organize and evaluate Stingray Group financial condition quickly.
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About Stingray Financial Ratios Analysis
Stingray GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Stingray investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Stingray financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Stingray history.
Stingray Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Stingray Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Stingray sales, a figure that is much harder to manipulate than other Stingray Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Stingray Group dividend as a percentage of Stingray stock price. Stingray Group dividend yield is a measure of Stingray stock productivity, which can be interpreted as interest rate earned on an Stingray investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Tangible Asset Value
The total value of a company's physical, tangible assets, excluding intangible assets like patents and trademarks.Most ratios from Stingray's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Stingray Group current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Stingray's Days Of Inventory On Hand is comparatively stable compared to the past year. Payables Turnover is likely to gain to 20.43 in 2024, whereas Stock Based Compensation To Revenue is likely to drop 0.01 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0413 | 0.0503 | 0.0382 | 0.0517 | Price To Sales Ratio | 1.82 | 1.28 | 1.57 | 1.49 |
Stingray fundamentals Correlations
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Stingray Account Relationship Matchups
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Stingray fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.99 | 2.09 | 1.82 | 1.28 | 1.57 | 1.49 | |
| Dividend Yield | 0.0701 | 0.0421 | 0.0413 | 0.0503 | 0.0382 | 0.0517 | |
| Ptb Ratio | 1.1 | 1.9 | 1.88 | 1.45 | 2.18 | 2.29 | |
| Days Sales Outstanding | 88.07 | 94.98 | 86.22 | 86.88 | 76.91 | 103.09 | |
| Book Value Per Share | 3.61 | 3.75 | 3.85 | 4.11 | 3.62 | 2.12 | |
| Free Cash Flow Yield | 0.032 | 0.24 | 0.17 | 0.13 | 0.19 | 0.2 | |
| Operating Cash Flow Per Share | 1.16 | 1.42 | 1.18 | 1.25 | 1.73 | 1.81 | |
| Stock Based Compensation To Revenue | 0.005692 | 0.0292 | 0.0233 | 0.007619 | 0.0211 | 0.0141 | |
| Capex To Depreciation | 0.33 | 0.35 | 0.48 | 0.47 | 0.46 | 0.29 | |
| Pb Ratio | 1.1 | 1.9 | 1.88 | 1.45 | 2.18 | 2.29 | |
| Ev To Sales | 2.27 | 3.52 | 3.23 | 2.51 | 2.66 | 4.31 | |
| Free Cash Flow Per Share | 0.97 | 1.24 | 0.94 | 1.03 | 1.52 | 1.6 | |
| Inventory Turnover | 57.07 | 51.64 | 37.58 | 37.21 | 52.46 | 33.0 | |
| Net Income Per Share | (0.19) | 0.18 | 0.62 | 0.47 | 0.43 | (0.2) | |
| Days Of Inventory On Hand | 6.4 | 7.07 | 9.71 | 9.81 | 6.96 | 10.59 | |
| Payables Turnover | 10.59 | 10.9 | 10.63 | 13.23 | 19.46 | 20.43 | |
| Sales General And Administrative To Revenue | 0.0637 | 0.002497 | 0.008863 | 0.0113 | (2.95E-4) | (2.81E-4) | |
| Research And Ddevelopement To Revenue | 0.0236 | 0.0303 | 0.0394 | 0.0315 | 0.0362 | 0.0666 | |
| Capex To Revenue | 0.0469 | 0.0538 | 0.0603 | 0.0477 | 0.0407 | 0.0421 | |
| Cash Per Share | 0.0331 | 0.12 | 0.21 | 0.22 | 0.14 | 0.088 | |
| Pocfratio | 3.43 | 5.0 | 6.16 | 4.77 | 4.57 | 4.34 | |
| Interest Coverage | 4.36 | 2.43 | 3.62 | 3.45 | 3.97 | 4.5 | |
| Payout Ratio | 1.52 | 0.49 | 0.64 | 0.69 | (1.51) | (1.43) | |
| Capex To Operating Cash Flow | 0.59 | 0.16 | 0.13 | 0.2 | 0.12 | 0.11 | |
| Pfcf Ratio | 4.1 | 5.74 | 7.73 | 5.81 | 5.19 | 4.93 | |
| Days Payables Outstanding | 34.48 | 33.47 | 34.32 | 27.58 | 18.76 | 17.82 | |
| Income Quality | 6.31 | 2.31 | 2.51 | 2.89 | (8.63) | (8.19) | |
| Roe | (0.0417) | 0.051 | 0.16 | 0.12 | (0.0553) | (0.058) | |
| Ev To Operating Cash Flow | 7.88 | 8.43 | 10.91 | 9.34 | 7.76 | 7.37 | |
| Pe Ratio | 21.66 | 11.57 | 15.48 | 13.78 | (39.45) | (37.48) | |
| Return On Tangible Assets | (0.0717) | 0.069 | 0.27 | 0.18 | (0.0781) | (0.0742) | |
| Ev To Free Cash Flow | 9.42 | 9.67 | 13.7 | 11.36 | 8.8 | 8.36 | |
| Earnings Yield | 0.0462 | 0.0865 | 0.0646 | 0.0726 | (0.0253) | (0.0241) | |
| Intangibles To Total Assets | 0.63 | 0.8 | 0.77 | 0.79 | 0.78 | 0.58 | |
| Net Debt To E B I T D A | 5.39 | 3.05 | 4.34 | 4.19 | 6.2 | 3.52 | |
| Current Ratio | 0.87 | 0.84 | 0.86 | 0.75 | 0.91 | 0.62 | |
| Receivables Turnover | 4.14 | 3.84 | 4.23 | 4.2 | 4.75 | 3.18 | |
| Graham Number | 3.87 | 7.21 | 6.38 | 6.32 | 4.04 | 3.07 |
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 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.