This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
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Stingray Digital Group Inc TSX RAY.A OTC none https://www.stingray.com/ Fiscal Yr: Mar 31
Year 03/31/11 03/31/12 03/31/13 03/31/14 03/31/15 03/31/16 03/31/17 03/31/18 03/31/19 03/31/20 03/31/21 03/31/22 03/31/23 03/31/24 03/31/25 03/31/26 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Revenue* $60.0 $71.0 $89.9 $101.5 $127.0 $212.7 $306.7 $249.5 $282.6 $323.9 $341.0 $353.0 $356.0 356.33% <-Total Growth 9 Revenue
Increase 18.27% 26.70% 12.85% 25.08% 67.50% 44.24% -18.67% 13.29% 14.62% 5.27% 3.52% 0.85% 20.60% <-IRR #YR-> 9 Revenue #DIV/0!
5 year Running Average $89.9 $120.4 $167.6 $199.5 $235.7 $275.1 $300.8 $310.0 $331.3 20.61% <-IRR #YR-> 5 Revenue 155.17%
Revenue per Share $1.84 $2.09 $1.76 $1.98 $2.25 $2.79 $4.17 $3.39 $3.92 $4.67 $4.92 $5.09 $5.14 25.07% <-IRR #YR-> 5 5 yr Running Average #DIV/0!
Increase 13.71% -15.76% 12.37% 14.01% 23.71% 49.51% -18.67% 15.55% 19.24% 5.27% 3.52% 0.85% 25.07% <-IRR #YR-> 5 5 yr Running Average 206.05%
5 year Running Average $1.98 $2.17 $2.59 $2.92 $3.31 $3.79 $4.21 $4.40 $4.75 10.93% <-IRR #YR-> 9 Revenue per Share #DIV/0!
P/S (Price/Sales) Med 0.00 0.00 4.10 3.95 4.00 3.05 1.34 1.74 1.86 1.22 6.61 0.00 0.00 15.69% <-IRR #YR-> 5 Revenue per Share 107.26%
P/S (Price/Sales) Close 0.00 3.47 4.01 4.26 4.59 2.50 0.96 2.15 1.90 1.26 1.03 1.00 1.36 13.82% <-IRR #YR-> 5 5 yr Running Average #DIV/0!
*Revenue in M CDN $  P/S Med 10 yr  1.80 5 yr  1.74 -42.64% Diff M/C 13.82% <-IRR #YR-> 5 5 yr Running Average 91.00%
-$60.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $323.9
-$127.0 $0.0 $0.0 $0.0 $0.0 $323.9
-$89.9 $0.0 $0.0 $0.0 $0.0 $275.1
-$89.9 $0.0 $0.0 $0.0 $0.0 $275.1
-$1.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.0 $4.67
-$2.25 $0.00 $0.00 $0.00 $0.0 $4.67
Adjusted Profit  $14.4 $17.8 $24.3 $27.31 $26.86 $37.54 $55.9 $62.9 $56.4 $55.2 283.64% <-Total Growth 9 Adjusted Profit 
Basic $0.44 $0.54 $0.51 $0.53 $0.50 $0.58 $0.74 $0.86 $0.79 $0.79 79.55% <-Total Growth 9 AEPS
AEPS* Dilued $0.42 $0.53 $0.50 $0.53 $0.50 $0.57 $0.74 $0.86 $0.79 $0.79 $0.90 $0.98 $0.96 88.10% <-Total Growth 9 AEPS
Increase 26.19% -5.66% 6.00% -5.66% 14.00% 29.82% 16.22% -8.14% 0.00% 13.92% 8.89% -2.04% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $0.50 $0.53 $0.57 $0.64 $0.69 $0.75 $0.82 $0.86 $0.88 9.58% <-IRR #YR-> 5 AEPS 58.00%
AEPS Yield 7.31% 7.09% 6.29% 4.83% 8.17% 18.55% 11.81% 10.63% 13.41% 17.72% 19.29% 13.71% 7.27% <-IRR #YR-> 9 AEPS #DIV/0!
Payout Ratio 0.00% 19.00% 29.25% 40.00% 42.11% 37.84% 34.88% 37.97% 37.97% 33.33% 30.61% 31.25% 8.62% <-IRR #YR-> 5 5 yr Running Average #DIV/0!
5 year Running Average 17.65% 26.07% 33.64% 36.81% 38.56% 38.16% 36.40% 34.96% 34.23% 8.62% <-IRR #YR-> 5 5 yr Running Average 51.21%
Price/AEPS Median 0.00 14.42 14.75 18.05 14.91 7.55 6.87 9.23 7.20 36.12 0.00 0.00 9.23 <-Median-> 9 Price/AEPS Median
Price/AEPS High 0.00 16.50 16.91 21.16 19.30 10.70 9.37 10.38 9.18 66.67 0.00 0.00 10.70 <-Median-> 9 Price/AEPS High
Price/AEPS Low 0.00 12.34 12.58 14.94 10.53 4.39 4.36 8.08 5.22 5.57 0.00 0.00 8.08 <-Median-> 9 Price/AEPS Low
Price/AEPS Close 13.68 14.10 15.91 20.72 12.25 5.39 8.47 9.41 7.46 5.64 5.18 7.29 12.25 <-Median-> 9 Price/AEPS Close
Trailing P/AEPS Close 17.26 13.30 16.86 19.55 13.96 7.00 9.84 8.64 7.46 6.43 5.64 7.14 13.30 <-Median-> 9 Trailing P/AEPS Close
Median Values DPR 10 Yrs 37.84% 5 Yrs   37.97% P/CF 5 Yrs   in order 7.55 10.38 5.22 8.47 -25.21% Diff M/C
Adjusted Free Cash Flow  $17.0 $24.0 $24.4 $26.5 $30.6 $38.8 $78.4 $104.2 $83.7 $86.9 411.46% <-Total Growth 9 Adjusted Free Cash Flow 
Basic $0.51 $0.71 $0.51 $0.52 $0.57 $0.60 $1.03 $1.42 $1.18 $1.25 147.37% <-Total Growth 9 AFCF
AFCF* Dilued $0.49 $0.70 $0.50 $0.51 $0.57 $0.60 $1.03 $1.42 $1.17 $1.25 $1.25 <-12 mths 152.89% <-Total Growth 9 AFCF
Increase 41.18% -27.73% 2.03% 9.82% 6.20% 71.88% 37.67% -17.61% 6.84% 0.00% <-12 mths 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $0.56 $0.58 $0.64 $0.83 $0.96 $1.09 $1.22 <-12 mths 17.21% <-IRR #YR-> 5 AFCF 121.20%
AFCF Yield 9.62% 7.15% 6.10% 5.45% 8.60% 25.85% 19.51% 15.75% 21.22% 24.61% <-12 mths 10.86% <-IRR #YR-> 9 AFCF #DIV/0!
Payout Ratio 0.00% 18.84% 30.12% 35.39% 39.99% 27.15% 21.13% 25.64% 24.00% 24.00% <-12 mths 14.53% <-IRR #YR-> 5 5 yr Running Average #DIV/0!
5 year Running Average 0.00% 3.77% 9.79% 16.87% 24.87% 30.30% 30.76% 29.86% 27.58% 24.38% <-12 mths 14.53% <-IRR #YR-> 5 5 yr Running Average 97.09%
Price/AFCF Median 0.00 14.30 15.19 15.97 14.16 5.41 4.16 6.23 4.55 26.00 <-12 mths 6.23 <-Median-> 9 Price/AFCF Median
Price/AFCFHigh 0.00 16.36 17.41 18.72 18.33 7.68 5.68 7.01 5.80 48.00 <-12 mths 7.68 <-Median-> 9 Price/AFCFHigh
Price/AFCFLow 0.00 12.23 12.96 13.22 10.00 3.15 2.64 5.45 3.30 4.01 <-12 mths 5.45 <-Median-> 9 Price/AFCFLow
Price/AFCF Close 10.39 13.98 16.38 18.33 11.63 3.87 5.13 6.35 4.71 4.06 <-12 mths 10.39 <-Median-> 9 Price/AFCF Close
Trailing P/AFCF Close 14.67 10.10 16.71 20.13 12.35 6.65 7.06 5.23 5.03 4.06 <-12 mths 10.10 <-Median-> 9 Trailing P/AFCF Close
Median Values DPR 10 Yrs 25.64% 5 Yrs   25.64% P/CF 5 Yrs   in order 5.41 7.01 3.30 5.13 -24.94% Diff M/C
* Adjusted Free Cash Flow
EPS Basic $0.27 $0.20 $0.29 $0.21 $0.04 -$0.19 $0.18 $0.62 $0.47 $0.43 115.00% <-Total Growth 9 EPS Basic
EPS Diluted* $0.25 $0.19 $0.29 $0.21 $0.04 -$0.19 $0.18 $0.61 $0.47 $0.43 $0.61 $0.64 $0.66 126.32% <-Total Growth 9 EPS Diluted
Increase 52.63% -27.59% -80.95% -575.00% 194.74% 238.89% -22.95% -8.51% 41.86% 4.92% 3.02% 9 1 10 Years of Data, EPS P or N
Earnings Yield 2.62% 4.11% 2.49% 0.39% -2.72% 4.51% 8.38% 6.33% 7.30% 12.01% 12.60% 9.42% 6.21% <-IRR #YR-> 9 Earnings per Share #DIV/0!
5 year Running Average $0.20 $0.11 $0.11 $0.17 $0.22 $0.30 $0.46 $0.55 $0.56 60.80% <-IRR #YR-> 5 Earnings per Share 975.00%
10 year Running Average $0.28 $0.33 $0.37 8.89% <-IRR #YR-> 5 5 yr Running Average #DIV/0!
* Diluted ESP per share  E/P 10 Yrs 4.11% 5Yrs 6.33% 8.89% <-IRR #YR-> 5 5 yr Running Average 53.06%
-$0.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.43
-$0.04 $0.00 $0.00 $0.00 $0.00 $0.43
-$0.20 $0.00 $0.00 $0.00 $0.00 $0.30
-$0.20 $0.00 $0.00 $0.00 $0.00 $0.30
Dividend* $0.30 $0.30 $0.30 Estimates Dividend*
Increase 0.00% 0.00% 0.00% Estimates Increase
Payout Ratio EPS 49.18% 46.88% 45.50% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 8 Special Dividends Dividend
Dividend* $0.10 $0.16 $0.20 $0.24 $0.28 $0.30 $0.30 $0.30 $0.30 $0.30 $0.30 215.79% <-Total Growth 7 Dividends Low
Increase 63.16% 29.03% 20.00% 16.67% 7.14% 0.00% 0.00% 0.00% 0.00% 0.00% 5 0 7 Years of data, Count P, N Moderate
Average Increases 5 Year Running 25.77% 27.20% 14.57% 8.76% 4.76% 1.43% 0.00% 20.17% <-Median-> 4 Average Incr 5 Year Running Good
Dividends 5 Yr Running $0.14 $0.19 $0.24 $0.26 $0.28 $0.30 $0.30 $0.30 46.39% <-Total Growth 4 Dividends 5 Yr Running
Yield H/L Price 1.32% 1.98% 2.22% 2.82% 5.01% 5.08% 4.12% 5.28% 0.92% 3.47% <-Median-> 8 Yield H/L Price
Yield on High  Price 1.15% 1.73% 1.89% 2.18% 3.54% 3.72% 3.66% 4.14% 0.50% 2.86% <-Median-> 8 Yield on High  Price
Yield on Low Price 1.54% 2.32% 2.68% 4.00% 8.62% 8.00% 4.70% 7.28% 5.99% 4.35% <-Median-> 8 Yield on Low Price
Yield on Close Price 1.35% 1.84% 1.93% 3.44% 7.02% 4.12% 4.04% 5.09% 5.91% 5.91% 4.29% 3.74% <-Median-> 8 Yield on Close Price
Payout Ratio EPS 32.76% 73.81% 500.00% 0.00% 155.56% 49.18% 63.83% 69.77% 49.18% 46.88% 45.50% 66.80% <-Median-> 8 DPR EPS
DPR EPS 5 Yr Running 183.02% 138.24% 118.92% 94.67% 64.35% 54.35% 53.39% 128.58% <-Median-> 4 DPR EPS 5 Yr Running
Payout Ratio CFPS 25.60% 34.95% 58.09% 30.38% 35.44% 37.97% 37.97% 37.97% 19.11% 18.99% 19.48% 36.71% <-Median-> 8 DPR CF
DPR CF 5 Yr Running 35.41% 37.21% 37.67% 35.95% 31.29% 27.17% 23.92% 36.58% <-Median-> 4 DPR CF 5 Yr Running
Payout Ratio CFPS WC 20.10% 26.84% 34.15% 33.41% 23.17% 18.67% 24.24% 20.28% 19.11% 18.99% 19.48% 23.71% <-Median-> 8 DPR CF WC
DPR CF WC 5 Yr Running 27.23% 25.02% 24.64% 22.72% 20.84% 20.07% 20.25% 24.83% <-Median-> 4 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 3.47% 3.74% 5 Yr Med 5 Yr Cl 5.01% 4.12% 5 Yr Med Payout 63.83% 37.97% 23.17% 8.45% <-IRR #YR-> 5 Dividends 50.00%
* Dividends per share  10 Yr Med and Cur. 70.22% 57.98% 5 Yr Med and Cur. 17.79% 43.31% Last Div Inc ---> $0.070 $0.075 7.14% 13.32% <-IRR #YR-> 7 Dividends #DIV/0!
Dividends Growth 5 -$0.20 $0.00 $0.00 $0.00 $0.00 $0.30 Dividends Growth 5
Dividends Growth 10 -$0.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.30 Dividends Growth 10
Historical Dividends Historical High Div 8.12% Low Div 1.61% 10 Yr High 8.12% 10 Yr Low 1.61% Med Div 3.47% Close Div 3.74% Historical Dividends
High/Ave/Median Values Curr diff Exp. -27.27% Cheap 266.80% Exp. -27.27% 266.80% Cheap 70.19% Cheap 57.98% High/Ave/Median 
Future Dividend Yield Div Yield 8.86% earning in 5 Years at IRR of 8.45% Div Inc. 50.00% Future Dividend Yield
Future Dividend Yield Div Yield 13.29% earning in 10 Years at IRR of 8.45% Div Inc. 125.00% Future Dividend Yield
Future Dividend Yield Div Yield 19.93% earning in 15 Years at IRR of 8.45% Div Inc. 237.50% Future Dividend Yield
Future Dividend Paid Div Paid $0.45 earning in 5 Years at IRR of 8.45% Div Inc. 50.00% Future Dividend Paid
Future Dividend Paid Div Paid $0.67 earning in 10 Years at IRR of 8.45% Div Inc. 125.00% Future Dividend Paid
Future Dividend Paid Div Paid $1.01 earning in 15 Years at IRR of 8.45% Div Inc. 237.50% Future Dividend Paid
Dividend Covering Cost Total Div $1.78 over 5 Years at IRR of 8.45% Div Cov. 34.96% Dividend Covering Cost
Dividend Covering Cost Total Div $3.99 over 10 Years at IRR of 8.45% Div Cov. 78.53% Dividend Covering Cost
Dividend Covering Cost Total Div $7.31 over 15 Years at IRR of 8.45% Div Cov. 143.89% Dividend Covering Cost
Yield if held 5 years 4.16% 3.84% 3.32% 3.53% 5.37% 5.08% 3.84% <-Median-> 3 Paid Median Price
Yield if held 10 years 4.16% #NUM! <-Median-> 0 Paid Median Price
Yield if held 15 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Yield if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Item
Cost covered if held 5 years 16.30% 16.89% 15.73% 17.41% 26.86% 25.40% 16.30% <-Median-> 3 Paid Median Price EPS
Cost covered if held 10 years 37.10% #NUM! <-Median-> 0 Paid Median Price AEPS
Cost covered if held 15 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price AFCF
Cost covered if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price CFPS
FCF 
I am earning GC Div Gr 25.00% 7/14/18 # yrs -> 6 2018 $8.56 Cap Gain -40.65% I am earning GC
I am earning Div org yield 2.80% 3/31/24 TFSA Div G Yrly 3.98% Div start $0.24 -2.80% 3.50% I am earning Div
Based on EPS 3 yrs trailing $3.45 $3.91 $1.29 $0.92 $4.13 $6.25 $6.84 $6.84 $7.21 based on EPS 3 yrs trailing Graham Number
Increase 13.24% -66.88% -29.19% 350.69% 51.21% 9.47% 0.00% 5.48% 13.24% <-Median-> 5 Increase
Yr  Item Tot. Growth
Revenue Growth  $127.0 $212.7 $306.7 $249.5 $282.6 $323.9 $1,502.4 155.17% <-Total Growth 5 Revenue Growth  155.17%
AEPS Growth $0.50 $0.57 $0.74 $0.86 $0.79 $0.79 $4.25 58.00% <-Total Growth 5 AEPS Growth 58.00%
Net Income Growth $2.3 -$12.0 $14.0 $45.1 $33.3 $30.1 $112.8 1211.80% <-Total Growth 5 Net Income Growth 1211.80%
Cash Flow Growth $19.4 $34.8 $88.1 $104.2 $83.7 $86.9 $417.1 348.54% <-Total Growth 5 Cash Flow Growth 348.54%
Dividend Growth $0.20 $0.24 $0.28 $0.30 $0.30 $0.30 $1.62 50.00% <-Total Growth 5 Dividend Growth 50.00%
Stock Price Growth $10.36 $6.98 $3.99 $7.28 $7.43 $5.89 -43.15% <-Total Growth 5 Stock Price Growth -43.15%
Revenue Growth  $60.0 $71.0 $89.9 $101.5 $127.0 $212.7 $306.7 $249.5 $282.6 $323.9 $1,824.8 439.71% <-Total Growth 9 Revenue Growth  439.71%
AEPS Growth $0.42 $0.53 $0.50 $0.53 $0.50 $0.57 $0.74 $0.86 $0.79 $0.79 $6.23 88.10% <-Total Growth 9 AEPS Growth 88.10%
Net Income Growth $8.7 $6.6 $13.9 $10.7 $2.3 -$12.0 $14.0 $45.1 $33.3 $30.1 $152.7 246.55% <-Total Growth 9 Net Income Growth 246.55%
Cash Flow Growth $9.9 $19.0 $22.8 $19.4 $34.8 $88.1 $104.2 $83.7 $86.9 $468.8 777.56% <-Total Growth 8 Cash Flow Growth 777.56%
Dividend Growth $0.10 $0.16 $0.20 $0.24 $0.28 $0.30 $0.30 $0.30 $1.9 215.79% <-Total Growth 7 Dividend Growth 215.79%
Stock Price Growth $7.25 $7.05 $8.43 $10.36 $6.98 $3.99 $7.28 $7.43 $5.89 -18.76% <-Total Growth 8 Stock Price Growth -18.76%
Dividends on Shares $13.11 $21.39 $27.60 $33.12 $38.64 $41.40 $41.40 $41.40 $41.40 $41.40 $41.40 $258.06 No of Years 8 Total Divs 12/31/14
Paid  $1,000.50 $851.46 $1,201.98 $1,368.96 $931.50 $985.32 $909.42 $880.44 $672.06 $701.04 $701.04 $701.04 $672.06 No of Years 8 Worth $7.25
Total $930.12
Graham Number AEPS $4.46 $4.70 $5.09 $6.95 $7.87 $8.50 $8.21 $8.57 $9.14 $9.54 $9.44 92.07% <-Total Growth 7 Graham Number AEPS
Increase 5.29% 8.35% 36.67% 13.22% 7.96% -3.41% 4.34% 6.74% 4.35% -1.03% 7.96% <-Median-> 7 Graham Price
Price/GP Ratio Med 1.62 1.66 1.77 1.22 0.71 0.69 0.89 0.66 3.55 1.05 <-Median-> 8 Price/GP Ratio Med
Price/GP Ratio High 1.85 1.91 2.08 1.58 1.01 0.95 1.00 0.85 6.56 1.29 <-Median-> 8 Price/GP Ratio High
Price/GP Ratio Low 1.38 1.42 1.47 0.86 0.41 0.44 0.78 0.48 0.55 0.82 <-Median-> 8 Price/GP Ratio Low
Price/GP Ratio Close 1.38 1.85 1.95 0.97 0.91 0.78 0.78 0.57 0.56 0.53 0.54 0.94 <-Median-> 8 Price/GP Ratio Close
Prem/Disc Close 38.32% 85.45% 94.94% -2.95% -9.32% -22.48% -22.30% -43.16% -44.45% -46.76% -46.21% -6.14% <-Median-> 8 Graham Price
Graham Number EPS $2.75 $3.40 $2.96 $1.44 $1.84 $3.88 $7.16 $6.33 $6.32 $7.53 $7.71 $7.83 129.87% <-Total Growth 8 Graham Number EPS
Increase 23.54% -12.97% -51.32% 28.00% 110.79% 84.36% -11.54% -0.20% 19.11% 2.43% 1.50% 11.67% <-Median-> 8 Graham Price
Price/GP Ratio Med 0.00 2.12 2.64 6.27 4.61 1.44 0.82 1.15 0.90 4.32 1.44 <-Median-> 9 Price/GP Ratio Med
Price/GP Ratio High 0.00 2.43 3.03 7.35 5.97 2.04 1.13 1.29 1.15 7.97 2.04 <-Median-> 9 Price/GP Ratio High
Price/GP Ratio Low 0.00 1.82 2.26 5.19 3.26 0.84 0.52 1.01 0.65 0.67 1.01 <-Median-> 9 Price/GP Ratio Low
Price/GP Ratio Close 13.88 1.82 2.95 6.89 3.66 1.84 0.92 1.01 0.77 0.67 0.66 0.65 1.84 <-Median-> 9 Price/GP Ratio Close
Prem/Disc Close 81.62% 194.61% 589.21% 266.37% 83.85% -7.96% 0.74% -22.95% -32.52% -34.12% -35.10% 82.74% <-Median-> 8 Graham Price
Month, Year Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 6.00 <Count Years> Month, Year
Price Close $7.25 $6.17 $8.71 $9.92 $6.75 $7.14 $6.59 $6.38 $4.87 $5.08 $5.08 $5.08 -32.83% <-Total Growth 8 Stock Price
Increase -14.90% 41.17% 13.89% -31.96% 5.78% -7.70% -3.19% -23.67% 4.31% 0.00% 0.00% -13.26% <-IRR #YR-> 5 Stock Price -50.91%
P/E Ratio 38.16 21.28 41.48 248.00 -35.53 39.67 10.80 13.57 11.33 8.33 7.94 7.71 -4.85% <-IRR #YR-> 8 Stock Price #DIV/0!
Trailing P/E Ratio 32.47 30.03 47.24 168.75 -37.58 36.61 10.46 10.36 11.81 8.33 7.94 -9.39% <-IRR #YR-> 5 Price & Dividend -$0.37
Median 10, 5 Yrs D.  per yr 3.85% 3.87% % Tot Ret 0.00% 0.00% T P/E $21.28 $11.33 P/E:  -$0.05 -$0.08 -1.00% <-IRR #YR-> 8 Price & Dividend #DIV/0!
Price  5 -$9.92 $0.00 $0.00 $0.00 $0.00 $4.87 Price  5
Price 10 -$7.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.87 Price 10
Price & Dividend 5 -$9.92 $0.24 $0.28 $0.30 $0.30 $5.17 Price & Dividend 5
Price & Dividend 10 -$7.25 $0.10 $0.16 $0.20 $0.24 $0.28 $0.30 $0.30 $5.17 Price & Dividend 10
Month, Year Class A Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 6.00 <Count Years> Month, Year
Price Close $7.25 $7.05 $8.43 $10.36 $6.98 $3.99 $7.28 $7.43 $5.89 $5.08 $5.08 $7.00 -18.76% <-Total Growth 8 Stock Price
Increase -2.76% 19.57% 22.89% -32.63% -42.84% 82.46% 2.06% -20.73% -13.75% 0.00% 37.80% -10.68% <-IRR #YR-> 5 Stock Price -43.15%
P/E Ratio 38.16 24.31 40.14 259.00 neg 22.17 11.93 15.81 13.70 8.33 7.94 10.62 -2.56% <-IRR #YR-> 8 Stock Price #DIV/0!
Trailing P/E Ratio 37.11 29.07 49.33 174.50 -21.00 40.44 12.18 12.53 11.81 8.33 10.94 -7.20% <-IRR #YR-> 5 Price & Dividend -29.44%
Median 10, 5 Yrs D.  per yr 3.50% 3.47% % Tot Ret 374.21% 0.00% T P/E $23.24 $14.75 P/E:  $0.00 -$0.21 0.93% <-IRR #YR-> 8 Price & Dividend #DIV/0!
Price  5 -$10.36 $0.00 $0.00 $0.00 $0.00 $5.89 Price  5
Price 10 -$7.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.89 Price 10
Price & Dividend 5 -$10.36 $0.24 $0.28 $0.30 $0.30 $6.19 Price & Dividend 5
Price & Dividend 10 -$7.25 $0.10 $0.16 $0.20 $0.24 $0.28 $0.30 $0.30 $6.19 Price & Dividend 10
Price H/L Median $7.21 $7.82 $9.03 $8.50 $5.59 $5.91 $7.29 $5.69 $32.51 -21.15% <-Total Growth 7 Stock Price
Increase 8.39% 15.48% -5.82% 7.02% 4.12% 4.04% 5.09% 5.91% -8.83% <-IRR #YR-> 5 Stock Price -37.01%
P/E Ratio 24.86 37.21 225.63 -44.74 31.03 9.68 15.51 13.22 53.29 -3.34% <-IRR #YR-> 7 Stock Price #DIV/0!
Trailing P/E Ratio 37.95 26.95 42.98 212.50 -29.39 32.81 11.95 12.10 75.59 -5.02% <-IRR #YR-> 5 Price & Dividend -21.27%
P/E on Running 5 yr Average 78.70 52.69 34.74 32.84 18.95 70.66 0.54% <-IRR #YR-> 7 Price & Dividend #DIV/0!
P/E on Running 10 yr Average 114.45 20.19 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 3.87% 3.81% % Tot Ret 722.47% 0.00% T P/E 29.88 12.10 P/E:  20.19 13.22 Count 7 Years of data
-$9.03 $0.00 $0.00 $0.00 $0.00 $5.69
-$7.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.69
-$9.03 $0.24 $0.28 $0.30 $0.30 $5.99
-$7.21 $0.16 $0.20 $0.24 $0.28 $0.30 $0.30 $5.99
High Months Jun 15 Feb 17 Feb 18 Apr 18 Aug 19 Jan 21 Jul 21 Apr 22 Apr 23
Price High $8.25 $8.96 $10.58 $11.00 $7.92 $8.06 $8.20 $7.25 $60.00 -12.12% <-Total Growth 7 Stock Price
Increase 8.61% 18.08% 3.97% -28.00% 1.77% 1.74% -11.59% 727.59% -7.28% <-IRR #YR-> 5 Stock Price -31.47%
P/E Ratio 28.45 42.67 264.50 -57.89 44.00 13.21 17.45 16.86 98.36 -1.83% <-IRR #YR-> 7 Stock Price #DIV/0!
Trailing P/E Ratio 43.42 30.90 50.38 275.00 -41.68 44.78 13.44 15.43 139.53 22.95 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 37.16 15.43 P/E:  22.95 16.86 88.10 P/E Ratio Historical High
-$10.58 $0.00 $0.00 $0.00 $0.00 $7.25
-$8.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.25
Low Months Dec 15 Jul 16 Jun 17 Dec 18 Mar 20 Apr 20 Dec 21 Nov 22 Jun 23
Price Low $6.17 $6.67 $7.47 $6.00 $3.25 $3.75 $6.38 $4.12 $5.01 -33.23% <-Total Growth 7 Stock Price
Increase 8.10% 11.99% -19.68% -45.83% 15.38% 70.13% -35.42% 21.60% -11.22% <-IRR #YR-> 5 Stock Price -44.85%
P/E Ratio 21.28 31.76 186.75 -31.58 18.06 6.15 13.57 9.58 8.21 -5.61% <-IRR #YR-> 7 Stock Price #DIV/0!
Trailing P/E Ratio 32.47 23.00 35.57 150.00 -17.11 20.83 10.46 8.77 11.65 15.82 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 21.92 10.46 P/E:  15.82 9.58 -1.40 P/E Ratio Historical Low
-$6.17 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.12
Premium for Class B $0.23 -$0.17 $0.02 -$0.14 $0.03 $0.01 $0.00 $0.00 $0.05 $0.07 $0.07 -$1.85 $0.01 <-Median-> 9 Class B Versus Class A
As percent of Class A 3.17% -2.41% 0.24% -1.35% 0.43% 0.25% 0.00% 0.00% 0.85% 1.38% 1.38% -26.43% 0.24% <-Median-> 9 Class B Versus Class A
Month, Year Class B Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 6.00 <Count Years> Month, Year
Price Close $7.48 $6.88 $8.45 $10.22 $7.01 $4.00 $7.28 $7.43 $5.94 $5.15 $5.15 $5.15 -20.59% <-Total Growth 8 Stock Price
Increase -8.02% 22.82% 20.95% -31.41% -42.94% 82.00% 2.06% -20.05% -13.30% 0.00% 0.00% -10.28% <-IRR #YR-> 5 Stock Price -41.88%
P/E Ratio 39.37 23.72 40.24 255.50 -36.89 22.22 11.93 15.81 13.81 #DIV/0! #DIV/0! #DIV/0! -2.84% <-IRR #YR-> 8 Stock Price #DIV/0!
Trailing P/E Ratio 36.21 29.14 48.67 175.25 -21.05 40.44 12.18 12.64 2.17 #DIV/0! #DIV/0! -6.94% <-IRR #YR-> 5 Price & Dividend 19842.21%
Median 10, 5 Yrs D.  per yr 3.34% 3.35% % Tot Ret 663.68% 0.00% T P/E $22.22 $13.81 P/E:  -$0.03 -$0.20 0.50% <-IRR #YR-> 8 Price & Dividend #DIV/0!
Price  5 -$10.22 $0.00 $0.00 $0.00 $0.00 $5.94 Price  5
Price 10 -$7.48 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.94 Price 10
Price & Dividend 5 -$10.22 $0.24 $0.28 $0.30 $0.30 $6.19 Price & Dividend 5
Price & Dividend 10 -$7.48 $0.10 $0.16 $0.20 $0.24 $0.28 $0.30 $0.30 $6.19 Price & Dividend 10
Free Cash Flow WSJ $7.000 $16.668 $20.131 $11.523 $27.130 $63.999 $80.503 $60.128 $54.823 683.19% <-Total Growth 8 Free Cash Flow none Agree
Change 138.11% 20.78% -42.76% 135.44% 135.90% 25.79% -25.31% -8.82% 23.28% <-Median-> 8 Change Mk Screen
Free Cash Flow MS $7.470 $15.540 $14.010 $7.110 $24.150 $73.770 $90.820 $66.61 $71.49 $70.5 $75.1 $65.2 857.03% <-Total Growth 8 Free Cash Flow WSJ
Change 108.03% -9.85% -49.25% 239.66% 205.47% 23.11% -26.66% 7.33% -1.38% 6.52% -13.18% 58.66% <-IRR #YR-> 5 Free Cash Flow MS MS
FCF/CF from Op Ratio 0.75 0.82 0.62 0.37 0.69 0.84 0.87 0.80 0.82 0.65 0.69 0.61 32.62% <-IRR #YR-> 8 Free Cash Flow MS
Dividends paid $4.83 $8.20 $10.79 $16.01 $21.22 $21.97 $21.97 $21.97 $20.80 $20.80 $20.80 354.80% <-Total Growth 7 Dividends paid
Percentage paid 58.55% 151.72% 66.28% 28.76% 24.19% 32.98% 30.73% 29.50% 27.69% 31.90% 32.98% <-Median-> 7 Percentage paid
5 Year Coverage 45.36% 37.25% 35.03% 31.55% 28.92% 28.70% 30.47% 5 Year Coverage
Dividend Coverage Ratio 0.66 1.51 3.48 4.13 3.03 3.25 3.39 3.61 3.14 3.14 <-Median-> 6 Dividend Coverage Ratio
5 Year of Covereage 2.20 2.68 2.85 3.17 3.46 3.48 3.28 5 Year of Caogerage
Market Cap in $M $246.4 $360.3 $432.7 $583.3 $532.1 $293.5 $535.4 $535.8 $408.3 $352.1 $352.1 $485.2 65.73% <-Total Growth 8 Market Cap #DIV/0!
Diluted # of Shares in Million 34.39 34.39 48.38 51.50 54.08 64.71 75.96 73.44 71.46 69.77 69.77 69.77 69.77 102.86% <-Total Growth 9 Diluted
Change 40.67% 6.44% 5.02% 19.66% 17.38% -3.32% -2.68% -2.37% 0.00% 0.00% 0.00% 20.81% <-IRR #YR-> 8 Diluted
Difference Diluted/Basic -2.2% -1.2% -0.5% -1.2% 0.0% -0.1% -0.2% -0.7% -0.2% -0.2% -100.0% -100.0% 23.97% <-IRR #YR-> 5 Diluted
Change in Diluted Shares per Year
-34.4 0.0 0.0 0.0 0.0 0.0 0.0 71.5 69.8
-54.1 0.0 0.0 0.0 71.5 69.8
Basic # of Shares in Millions 33.64 33.64 47.82 51.24 53.46 64.71 75.85 73.27 70.97 69.64 69.64 45.62% <-Total Growth 9 Basic
Change 42.15% 7.15% 4.32% 21.05% 17.21% -3.40% -3.14% -1.87% 0.00% 5.73% <-Median-> 8 Change
Difference Basic/Outstanding 1.01% 6.87% 0.16% 5.33% 17.81% -3.03% 0.39% 1.61% -0.46% -0.46% 1.01% <-Median-> 9 Difference
Claas A 16.441 17.751 34.814 35.032 40.011 58.296 55.608 55.608 54.170 51.378 51.378 51.378 51.378 74.12% % of Total Claas A
Class B 6.230 6.230 16.294 16.294 16.294 17.941 17.941 17.941 17.941 17.941 17.941 17.941 17.941 25.88% % of Total Class B
# of Share in Millions 32.670 33.981 51.108 51.326 56.306 76.238 73.549 73.549 72.112 69.320 69.320 69.320 69.320 112.18% <-Total Growth 9 Shares #DIV/0!
Change 50.40% 0.43% 9.70% 35.40% -3.53% 0.00% -1.95% -3.87% 0.00% 0.00% 0.00% 4.25% <-IRR #YR-> 5 Shares 23.11%
Cash Flow from Operations $M $9.9 $19.0 $22.8 $19.4 $34.8 $88.1 $104.2 $83.7 $86.9 $108.8 $109.5 $106.8 777.56% <-Total Growth 8 Cash Flow
Increase 91.44% 20.02% -14.85% 79.28% 153.63% 18.27% -19.74% 3.93% 25.17% 0.64% -2.53% SO, EPP Share Iss.
5 year Running Average $21.2 $36.8 $53.9 $66.0 $79.6 $94.4 $98.6 $99.1 116.15% <-Total Growth 4 CF 5 Yr Running
CFPS $0.29 $0.37 $0.44 $0.34 $0.79 $0.79 $0.79 $0.79 $0.79 $1.57 $1.58 $1.54 170.94% <-Total Growth 8 Cash Flow per Share
Increase 27.29% 19.51% -22.38% 129.46% 0.00% 0.00% 0.00% 0.00% 98.73% 0.64% -2.53% 31.19% <-IRR #YR-> 8 Cash Flow #DIV/0!
5 year Running Average $0.45 $0.55 $0.63 $0.70 $0.79 $0.95 $1.10 $1.25 35.01% <-IRR #YR-> 5 Cash Flow 348.54%
P/CF on Med Price 0.00 19.43 17.62 26.21 10.76 7.07 7.47 9.23 7.20 20.70 0.00 0.00 13.27% <-IRR #YR-> 8 Cash Flow per Share #DIV/0!
P/CF on Closing Price 24.87 19.00 19.01 30.09 8.84 5.05 9.22 9.41 7.46 3.24 3.22 4.55 18.07% <-IRR #YR-> 5 Cash Flow per Share 129.46%
-64.94% Diff M/C 15.23% <-IRR #YR-> 4 CFPS 5 yr Running #DIV/0!
Excl.Working Capital CF $14.4 $5.2 $6.9 $13.6 $20.0 $0.7 $13.9 $5.6 $15.6 $0.0 $0.0 $0.0 15.23% <-IRR #YR-> 4 CFPS 5 yr Running #DIV/0!
Cash Flow from Operations $M WC $24.3 $24.2 $29.6 $33.0 $54.8 $88.9 $118.2 $89.3 $102.6 $108.8 $109.5 $106.8 321.73% <-Total Growth 8 Cash Flow less WC
Increase -0.65% 22.67% 11.27% 66.08% 62.26% 33.00% -24.48% 14.90% 6.12% 0.64% -2.53% 19.71% <-IRR #YR-> 8 Cash Flow less WC #DIV/0!
5 year Running Average $33.2 $46.1 $64.9 $76.8 $90.7 $101.5 $105.7 $103.4 25.47% <-IRR #YR-> 5 Cash Flow less WC 210.98%
CFPS Excl. WC $0.72 $0.47 $0.58 $0.59 $0.72 $1.21 $1.61 $1.24 $1.48 $1.57 $1.58 $1.54 28.60% <-IRR #YR-> 4 CF less WC 5 Yr Run #DIV/0!
Increase #DIV/0! -33.94% 22.14% 1.43% 22.66% 68.19% 33.00% -22.97% 19.52% 6.12% 0.64% -2.53% 28.60% <-IRR #YR-> 4 CF less WC 5 Yr Run #DIV/0!
5 year Running Average $0.61 $0.71 $0.94 $1.07 $1.25 $1.42 $1.49 $1.48 9.50% <-IRR #YR-> 8 CFPS - Less WC #DIV/0!
P/CF on Median Price 0.00 15.25 13.53 15.41 11.83 4.62 3.67 5.89 3.84 20.70 0.00 0.00 20.36% <-IRR #YR-> 5 CFPS - Less WC 152.60%
P/CF on Closing Price 10.13 14.91 14.60 17.69 9.72 3.30 4.53 6.00 3.98 3.24 3.22 4.55 19.46% <-IRR #YR-> 4 CFPS 5 yr Running #DIV/0!
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 9.23 5 yr  7.47 P/CF Med 10 yr 5.89 5 yr  4.62 -45.06% Diff M/C 19.46% <-IRR #YR-> 4 CFPS 5 yr Running #DIV/0!
-$0.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.79 Cash Flow per Share
-$0.34 $0.00 $0.00 $0.00 $0.00 $0.79 Cash Flow per Share
-$0.45 $0.00 $0.00 $0.00 $0.79 CFPS 5 yr Running
-$0.45 $0.00 $0.00 $0.00 $0.79 CFPS 5 yr Running
-$24.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $102.6 Cash Flow less WC
-$33.0 $0.0 $0.0 $0.0 $0.0 $102.6 Cash Flow less WC
-$33.2 $0.0 $0.0 $0.0 $90.7 CF less WC 5 Yr Run
-$33.2 $0.0 $0.0 $0.0 $90.7 CF less WC 5 Yr Run
-$0.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.48 CFPS - Less WC
-$0.59 $0.00 $0.00 $0.00 $0.00 $1.48 CFPS - Less WC
OPM Ratio 13.96% 21.09% 22.43% 15.27% 16.34% 28.74% 41.79% 29.60% 26.84% 31.92% 19.67% <-Total Growth 8 OPM
Increase 51.10% 6.36% -31.92% 7.03% 75.84% 45.41% -29.16% -9.33% 18.91% Should increase  or be stable.
Diff from Median -37.8% -6.0% 0.0% -31.9% -27.1% 28.1% 86.3% 32.0% 19.7% 42.3% 0.00 <-Median-> 9 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 22.43% 5 Yrs 28.74% should be  zero, it is a   check on calculations
Long Term Debt $71.01 $35.04 $41.04 $38.63 $348.41 $348.76 $307.98 $376.15 $379.03 $379.03 Debt Type
Change -50.66% 17.14% -5.88% 801.98% 0.10% -11.69% 22.13% 0.77% 0.00% 0.43% <-Median-> 8 Change Lg Term R
Debt/Market Cap Ratio 0.29 0.10 0.09 0.07 0.65 1.19 0.58 0.70 0.93 1.08 0.58 <-Median-> 9 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 1.95 4.61 4.79 4.40 8.10 8.28 6.83 7.69 6.62 6.62 6.62 <-Median-> 9 Assets/Current Liab Ratio Int less BL
Debt to Cash Flow (Years) 7.17 1.85 1.80 1.99 10.03 3.96 2.95 4.50 4.36 3.48 3.96 <-Median-> 9 Debt to Cash Flow (Years) Liquidity
Liq. + CF
Intangibles + Broadcast Licences $39.13 $47.90 $49.52 $324.91 $335.67 $327.80 $314.87 $349.23 $341.78 $341.78 773.47% <-Total Growth 8 Intangibles Debt Ratio
Goodwill $45.44 $62.02 $68.79 $98.47 $332.13 $337.77 $337.90 $354.30 $354.30 $354.30 679.70% <-Total Growth 8 Goodwill Leverage
Total $84.57 $109.92 $118.31 $423.38 $667.80 $665.57 $652.77 $703.53 $696.08 $696.08 723.09% <-Total Growth 8 Total D/E Ratio
Change 29.98% 7.63% 257.86% 57.73% -0.33% -1.92% 7.78% -1.06% 0.00% 7.70% <-Median-> 8 Change
Intangible/Market Cap Ratio 0.34 0.31 0.27 0.73 1.25 2.27 1.22 1.31 1.70 1.98 1.22 <-Median-> 9 Intangible/Market Cap Ratio
Broadcast Licences $270.56 $270.56 $272.91 $272.99 $273.00 $341.78 341.78 26.33% <-Total Growth 5 Broadcast Licences
Net $84.57 $109.92 $118.31 $152.82 $397.24 $392.66 $379.78 $430.53 $354.30 $354.30 318.95% <-Total Growth 8 Net
Adjusted Ratio 0.34 0.31 0.27 0.26 0.75 1.34 0.71 0.80 0.87 1.01 70.93% <-Median-> 9 Adjusted Ratio
Current Assets $22.7 $35.6 $39.4 $48.4 $86.2 $89.7 $90.6 $99.9 $116.0 $116.0 Liquidity ratio of 1.5 and up, best Quick Ratio
Current Liabilities $64.0 $38.2 $40.6 $55.4 $103.1 $104.9 $120.5 $115.0 $135.2 $135.2 0.86 <-Median-> 9 Ratio
Liquidity Ratio 0.35 0.93 0.97 0.87 0.84 0.86 0.75 0.87 0.86 0.86 0.86 <-Median-> 5 Ratio
Liq. with CF aft div 0.51 1.27 1.28 1.02 1.00 1.42 1.37 1.34 1.30 1.44 1.34 <-Median-> 5 Ratio If Div = 0
Liq. CF re  Inv+Div  0.51 1.27 1.28 1.02 1.00 1.42 1.37 1.34 1.30 1.44 1.34 <-Median-> 5 Ratio
Curr Long Term Debt $9.830 $0.000 $9.498 $13.212 $16.186 $15.000 $15.812 $7.500 $7.500 $7.5 $15.0 <-Median-> 5 Ratio
Liquidity Less CLTD 0.42 0.93 1.27 1.15 0.99 1.00 0.87 0.93 0.91 0.91 0.93 <-Median-> 5 Ratio
Liq. with CF aft div 0.60 1.30 1.74 1.34 1.27 1.63 1.48 1.41 1.33 1.60 1.41 <-Median-> 5 Ratio
Assets $125.2 $176.1 $194.3 $243.7 $835.1 $868.0 $822.8 $883.7 $895.2 $895.2 Debt Ratio of 1.5 and up, best Current Ratio
Liabilities $143.0 $85.7 $99.3 $114.1 $547.5 $594.1 $548.1 $610.2 $608.9 $608.9 1.50 <-Median-> 9 Ratio
Debt Ratio 0.88 2.05 1.96 2.14 1.53 1.46 1.50 1.45 1.47 1.47 1.47 <-Median-> 5 Ratio
Estimates BVPS $4.45 $4.83 $5.24 Estimates Estimates BVPS
Estimate Book Value $308.5 $334.8 $363.2 Estimates Estimate Book Value
P/B Ratio (Close) 1.14 1.05 1.34 Estimates P/B Ratio (Close)
Difference from 10 year median -40.60% Diff M/C Estimates Difference from 10 yr med.
Book Value -$17.8 $90.4 $94.9 $129.6 $287.5 $273.9 $274.7 $273.5 $286.3 $286.3 $286.3 $286.3 1704.47% <-Total Growth 8 Book Value
Book Value per share -$0.53 $1.77 $1.85 $2.30 $3.77 $3.72 $3.73 $3.79 $4.13 $4.13 $4.13 $4.13 886.52% <-Total Growth 8 Book Value per Share
Increase 436.86% 4.59% 24.43% 63.85% -1.26% 0.29% 1.56% 8.87% 0.00% 0.00% 0.00% -35.99% P/B Ratio Current/Historical Median
P/B Ratio (Median) 0.00 4.08 4.22 3.92 2.25 1.50 1.58 1.92 1.38 7.87 1.92 P/B Ratio Historical Median
P/B Ratio (Close) -13.81 3.99 4.56 4.50 1.85 1.07 1.95 1.96 1.43 1.23 1.23 1.70 #NUM! <-IRR #YR-> 8 Book Value per Share 886.52%
Change 128.87% 14.33% -1.24% -58.88% -42.11% 81.93% 0.49% -27.19% -13.75% 0.00% 37.80% 12.40% <-IRR #YR-> 5 Book Value per Share 9.50%
Leverage (A/BK) -7.02 1.95 2.05 1.88 2.90 3.17 3.00 3.23 3.13 3.13 3.13 <-Median-> 5 A/BV
Debt/Equity Ratio -8.02 0.95 1.05 0.88 1.90 2.17 2.00 2.23 2.13 2.13 2.13 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.92 5 yr Med 1.58 -35.99% Diff M/C 2.90 Historical Leverage (A/BK)
$0.53 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.13
-$2.30 $0.00 $0.00 $0.00 $0.00 $4.13
Total Comprehensive Income $6.53 $14.62 $9.63 $3.94 -$14.56 $18.49 $37.52 $34.11 $37.50 474.48% <-Total Growth 8 Comprehensive Income
Increase 123.93% -34.11% -59.14% -469.87% 227.03% 102.89% -9.08% 9.93% 9.93% <-Median-> 5 Comprehensive Income
5 Yr Running Average $4.03 $6.42 $11.00 $15.90 $22.61 24.43% <-IRR #YR-> 8 Comprehensive Income #DIV/0!
ROE -36.6% 16.2% 10.1% 3.0% -5.1% 6.8% 13.7% 12.5% 13.1% 56.96% <-IRR #YR-> 5 Comprehensive Income 357.60%
5Yr Median 3.0% 6.8% 6.8% 6.8% 12.5% 53.90% <-IRR #YR-> 4 5 Yr Running Average #DIV/0!
% Difference from Net Income 1.20% 5.31% -10.12% 71.43% -21.44% 32.38% -16.81% 2.48% 24.51% 53.90% <-IRR #YR-> 4 5 Yr Running Average #DIV/0!
Median Values Diff 5, 10 yr 1.8% 2.5% 12.5% <-Median-> 5 Return on Equity
-$6.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $37.5
-$3.9 $0.0 $0.0 $0.0 $0.0 $37.5
-$4.0 $0.0 $0.0 $0.0 $22.6
-$4.0 $0.0 $0.0 $0.0 $22.6
Current Liability Coverage Ratio 0.38 0.63 0.73 0.59 0.53 0.85 0.98 0.78 0.76 0.81   CFO / Current Liabilities
5 year Median 0.38 0.51 0.63 0.61 0.59 0.63 0.73 0.78 0.78 0.81 0.73 <-Median-> 9 Current Liability Cov Ratio
Asset Efficiency Ratio 19.43% 13.72% 15.25% 13.53% 6.56% 10.24% 14.36% 10.10% 11.46% 12.16% CFO / Total Assets
5 year Median 19.4% 16.6% 15.3% 14.49% 13.72% 13.53% 13.53% 10.24% 10.24% 11.46% 13.5% <-Median-> 9 Return on Assets 
Return on Assets ROA 5.28% 7.88% 5.52% 0.94% -1.44% 1.61% 5.48% 3.77% 3.36% 4.84% Net  Income/Assets Return on Assets
5Yr Median 5.28% 6.58% 5.52% 5.40% 5.28% 1.61% 1.61% 1.61% 3.36% 3.77% 3.8% <-Median-> 9 Asset Efficiency Ratio
Return on Equity ROE -37.03% 15.36% 11.29% 1.77% -4.17% 5.10% 16.42% 12.17% 10.52% 15.13% Net Inc/ Shareholders' equity Return on Equity
5Yr Median -37.03% -10.84% 11.29% 6.53% 1.77% 5.10% 5.10% 5.10% 10.52% 12.17% 10.5% <-Median-> 9 Return on Equity
Net Income $8.7 $6.61 $13.88 $10.7 $2.3 -$12.0 $14.0 $45.1 $33.3 $30.1 $43.3 $46.9 $46.0 246.55% <-Total Growth 9 Net Income
Increase -23.98% 110.10% -22.79% -78.58% -622.13% 216.53% 222.86% -26.20% -9.52% 43.76% 8.31% -1.92% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $8.4 $4.3 $5.8 $12.0 $16.5 $22.1 $33.2 $39.7 $39.9 14.81% <-IRR #YR-> 9 Net Income #DIV/0!
Operating Cash Flow $9.9 $19.0 $22.8 $19.4 $34.8 $88.1 $104.2 $83.7 $86.9 67.33% <-IRR #YR-> 5 Net Income 351.24%
Investment Cash Flow -$23.0 -$29.8 -$15.8 -$41.6 -$483.6 -$17.9 $5.4 -$18.6 -$20.6 21.23% <-IRR #YR-> 5 5 Yr Running Average #DIV/0!
Total Accruals $19.7 $24.7 $3.7 $24.5 $436.8 -$56.2 -$64.6 -$31.7 -$36.2 21.23% <-IRR #YR-> 5 5 Yr Running Average 161.88%
Total Assets $125.2 $176.1 $194.3 $243.7 $835.1 $868.0 $822.8 $883.7 $895.2 Balance Sheet Assets
Accruals Ratio 15.75% 14.01% 1.91% 10.05% 52.31% -6.48% -7.85% -3.59% -4.05% -4.05% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.27 0.61 0.36 0.07 -0.26 0.15 0.38 0.38 0.29 0.29 <-Median-> 9 EPS/CF Ratio
-$8.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $30.1
-$2.3 $0.0 $0.0 $0.0 $0.0 $30.1
-$8.4 $0.0 $0.0 $0.0 $0.0 $22.1
-$8.4 $0.0 $0.0 $0.0 $0.0 $22.1
Change in Close -2.76% 19.57% 22.89% -32.63% -42.84% 82.46% 2.06% -20.73% -13.75% 0.00% 37.80% Count 9 Years of data
up/down down down down Up Up Count 5 55.56%
Meet Prediction? yes yes yes yes % right Count 4 80.00%
Financial Cash Flow $14.8 $12.7 -$4.3 $19.7 $450.1 -$72.4 -$103.1 -$59.5 -$65.5 C F Statement  Financial Cash Flow
Total Accruals $4.9 $12.0 $8.1 $4.8 -$13.3 $16.1 $38.6 $27.8 $29.2 Accruals
Accruals Ratio 3.95% 6.81% 4.15% 1.97% -1.59% 1.86% 4.69% 3.14% 3.27% 3.14% <-Median-> 5 Ratio
Cash $1,314.0 $3.2 $5.9 $5.9 $3.4 $2.5 $9.0 $14.6 $15.5 $15.5 Cash
Cash per Share $38.67 $0.06 $0.11 $0.10 $0.04 $0.03 $0.12 $0.20 $0.22 $0.22 $0.12 <-Median-> 5 Cash per Share
Percentage of Stock Price 533.36% 0.89% 1.35% 1.00% 0.63% 0.86% 1.69% 2.72% 3.78% 4.39% 1.69% <-Median-> 5 % of Stock Price
Notes:
July 22, 2026.  Last estimates were for 2023, 2024 and 2025 of $326M, $342M and $348M for Revenue, $0.85, $0.93 and $1.11 for AEPS, 
$0.64 and $0.70 2023/4 for EPS, $0.30 and $0.30 for 2023/4 for Dividends, $67.9M, $77M and $79M for FCF, $1.34 and $1.45 2023/4 for CFPS and $38M, $44.5M 2023/4 for Net Income.
July 26, 2022.  Last estimates were for 293M, $306M and $303M for Revenue, $0.68, $0.71 and $1.02 for EPS, $0.30, $0.35 and $0.30 for Dividends, 
$78.5M, $79.6M and $72M for FCF, $1.46, $1.43 and $1.45 for CFPS, $43.2M, $47.9M and $49M for Net Income.
July 24, 2021.  Last estimates were for 2021, 2022 and 2023 of $276M, $305M and $307M for Revenue, $0.51, $0.50 and $0.97 for EPS, 
$0.30, $0.32 and $0.33 for Dividends, $70.1M, $73.3M and $63.0M for FCF, $1.22, $1.34 and 1.31 for CFPS and $35.1M, $35.7M and $49.0M for Net Income.
July 30, 2020.  Last estimates were for 2020 and 2021 of $320.1M and $329.3M for Revenue, $0.82 and $0.87 for EPS, and $1.17 for CFPS for 2020
August 4, 2019.  Last estimates were for 2019 and 2020 of $208M and $322M for Revenue, $0.21 and $0.68 for EPS, $0.79 and $1.17 for CFPS.
Sector:
Consumer Discretionary
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I was following Newfoundland Capital Corp and Stingray Bought them out.
Also, I read the blub on CEO, Eric Boyko.  The site says he is an entrepreneur with nearly two decades of experience with start-ups.
Mr. Boyko has extensive expertise in early stage business innovations.
Why I bought this stock.
I found this an interesting small cap, so I bought for my TFSA account.
Dividends
Dividends are paid quarterly in Cycle 3 of June, September, December and March.  Dividends are declared in one month for shareholders of record of the following month and paid in the next month.
For example, the dividends declared on xxx15 was for shareholders of record of xxand paid on xxx
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Stingray Group Inc is a music, media, and technology company. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.
August 21, 2018.  Stingray is one of the most underrated media successes in Canada, in my view,” GMP Securities analyst Deepak Kaushal, who has a “buy” rating and $14.50 target on the stock, said in an e-mail. 
Shares; '%, Value $M Div. Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2.53% 29.33% 2016 2017 Aug 6 2018 Aug 4 2019 Aug 1 2020 Jul 24 2021 Jul 26 2022 Jul 22 2023
Boyko, Eris 10.794 66.25% 11.294 62.95% 12.941 72.13% 12.941 72.13% 12.941 72.13% 12.941 72.13% 12.941 72.13% B Of multiple Voting B 0.00%
CEO (founder) - Shares - Amount Div. $107.079 $76.236 $92.402 $85.284 $82.567 $63.025 $65.743 B
Shares - percentage 3.10% 6.14% 0.014 0.02% 0.021 0.03% 3.486 4.74% 4.023 5.47% 4.208 5.83% 4.711 6.80% 4.861 7.01% A 3.18%
Shares - amount $0.139 $0.142 $24.888 $26.510 $26.845 $22.941 $24.692 A
Options - percentage Div. 0.486 0.86% 0.688 0.90% 1.026 1.39% 1.342 1.82% 1.458 2.02% 1.599 2.31% 1.629 2.35% 1.92%
Options - amount 3.31% 7.03% $4.817 $4.646 $7.325 $8.845 $9.304 $7.785 $8.277
Traham, Jean-Pierre Div. 0.030 0.18% 0.030 0.17% 0.030 0.17% 0.030 0.17% 0.030 0.17% 0.030 0.17% 0.030 0.17% B 0.00%
CFO - Shares - Amount 3.66% 4.99% $0.298 $0.203 $0.214 $0.198 $0.191 $0.146 $0.152 B
Shares - percentage 3.01% 1.43% 0.130 0.23% 0.145 0.19% 0.146 0.20% 0.149 0.20% 0.153 0.21% 0.157 0.23% 0.166 0.24% A 6.13%
Shares - amount $1.290 $0.976 $1.046 $0.979 $0.978 $0.764 $0.846 A
Options - percentage Div. check 0.175 0.31% 0.227 0.30% 0.033 0.05% 0.404 0.55% 0.437 0.61% 0.464 0.67% 0.442 0.64% -4.69%
Options - amount 3.45% -2.59% $1.740 $1.531 $0.239 $2.664 $2.785 $2.259 $2.246
3.23% 1.42%
Dubois, Mario 0.030 0.17% 0.030 0.17% 0.00%
Officer - Shares - Amount Div. check $0.146 $0.152
Shares - percentage 3.87% -9.39% 0.274 0.39% 0.277 0.40% 1.39%
Shares - amount 3.85% -1.00% $1.332 $1.409
Options - percentage 0.446 0.64% 0.426 0.61% -4.56%
Options - amount $2.172 $2.163
Cote, Sebastien 0.000 0.00% 0.000 0.00% 0.001 0.00% 0.003 0.00% 0.006 0.01% 0.008 0.01% A Ceased insider June 2022
Officer - Shares - Amount $0.000 $0.001 $0.009 $0.017 $0.035 $0.038 A
Options - percentage 0.045 0.08% 0.068 0.09% 0.014 0.02% 0.138 0.19% 0.150 0.21% 0.160 0.23%
Options - amount $0.446 $0.462 $0.102 $0.907 $0.956 $0.779
Blondin, Claudine 0.000 0.00% 0.000 0.00% 0.028 0.04% 0.028 0.04% 0.075 0.10% 0.075 0.11% 0.075 0.11% A 0.00%
Director - Shares - Amount $0.000 $0.001 $0.201 $0.186 $0.480 $0.366 $0.382 A
Options - percentage 0.016 0.03% 0.021 0.03% 0.031 0.04% 0.041 0.06% 0.053 0.07% 0.065 0.09% 0.081 0.12% 25.76%
Options - amount $0.159 $0.145 $0.219 $0.272 $0.337 $0.315 $0.413
Parisien, Jacques 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% A Ceased insider Aug 2022
Lead Director - Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 A
Options - percentage 0.018 0.03% 0.023 0.03% 0.034 0.05% 0.046 0.06% 0.058 0.08% 0.072 0.10%
Options - amount $0.180 $0.158 $0.239 $0.300 $0.373 $0.350
Pathy, Mark 0.336 2.06% 0.336 1.87% 0.513 2.86% 0.513 2.86% 0.513 2.86% 0.513 2.86% 0.513 2.86% B 0.00%
Chairman - Shares - Amt $3.333 $2.268 $3.664 $3.382 $3.274 $2.499 $2.607 B
Shares - percentage 0.515 0.91% 1.156 1.52% 2.056 2.80% 3.565 4.85% 4.004 5.55% 5.004 7.22% 5.313 7.66% A 6.17%
Shares - amount $5.109 $7.805 $14.680 $23.492 $25.543 $24.371 $26.991 A
Options - percentage 0.016 0.03% 0.024 0.03% 0.038 0.05% 0.054 0.07% 0.072 0.10% 0.089 0.13% 0.113 0.16% 26.18%
Options - amount $0.159 $0.160 $0.269 $0.358 $0.460 $0.434 $0.572
Increase in O/S Shares 1.311 2.63% 0.218 0.43% 0.085 0.15% 0.148 0.19% 0.275 0.37% 0.081 0.11% 0.095 0.13% 0.000 0.00% No stock options 2022
Due to Stock Options $9.241 $1.841 $0.883 $0.996 $1.964 $0.532 $0.606 $0.000
Book Value $1.682 $0.660 $0.301 $0.618 $1.517 $0.267 $0.378 $0.000
Insider Buying -$3.083 $0.000 $4.614 -$10.267 -$2.354 -$8.317 -$2.064
Insider Selling $0.000 -$7.797 $0.000 $0.000 $0.000 $0.000 $0.000
Net Insider Selling -$3.083 -$7.797 $4.614 -$10.267 -$2.354 -$8.317 -$2.064
Net Selling % of Market Cap -0.53% -1.47% 1.57% -1.92% -0.44% -2.04% -0.59%
Directors 9 9 9 9 9 9
Women 1 11% 1 11% 1 11% 2 22% 2 22% 3 33%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 25 38.58% 2 47.67% 20 5.55% 20 5.65%
Total Shares Held 15.280 26.21% 0.298 0.41% 3.854 5.56% 3.916 5.65% A
Increase/Decrease 3 Mths 4.229 38.27% 0.044 17.51% -0.123 -3.10% -0.121 -2.99%
Starting No. of Shares 11.051 0.254 3.977 4.037
My Stock