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Stingray Group: Top 10 Undervalued Communication Services Sector Stocks on TSX (RAY-B)

AI-generated - The Globe and Mail - Wed Oct 16, 7:33PM CDT

Stingray Group is now ranked among the top 10 undervalued stocks in the Communication Services sector on the Toronto Stock Exchange.

  • A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
  • Valuation methodology provided by Stockcalc (see below)

Stocks in this category are held primarily for capital appreciation.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
VRTSVertiqal Studios0.010.040.03 (186.0%)1984539.50.00.0
EGLXEnthusiast Gaming Hldgs0.140.220.08 (59.1%)9268521.60.00.0
ILLMIllumin Holdings1.762.560.80 (45.6%)4782791.20.00.0
EAGREast Side Games Grp0.720.920.20 (27.7%)2538658.70.014.1
CGXCineplex10.4013.102.70 (26.0%)251952662.30.00.0
WILDWildBrain1.101.300.20 (18.2%)38059226.50.00.0
RAY-BStingray Group7.077.680.61 (8.6%)166489.34.20.0
CGOCogeco60.5165.625.11 (8.4%)16505583.55.77.2
GVCGlacier Media0.130.140.01 (8.3%)2808917.00.00.0
RAY-AStingray Group7.227.720.50 (7.0%)21972499.74.20.0

All data provided as of October 15, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.

Stingray Group

Stingray Group Inc is a provider of multi-platform music services. It broadcasts music and video content on several platforms including radio stations, premium television channels, digital TV, satellite TV, IPTV, the Internet, mobile devices, and game consoles. The company's reportable segments are; Broadcasting and commercial music, Radio, and Corporate and eliminations.

Stingray Group is listed under RAY-B on the Toronto Stock Exchange.

Stockcalc

StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.

Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:

  • Discounted Cash Flow (DCF)
  • Price & Other Comparables
  • Multiples
  • Adjusted Book Value (ABV)
  • Analyst Consensus

Artificial Intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.