SHUTTERSTOCK INC (SSTK) Stock Fundamental Analysis
USA - NYSE:SSTK - US8256901005 - Common Stock
25.31 USD
-0.01 (-0.04%)
25.48 USD
+0.17 (+0.67%)
Taking everything into account, SSTK scores 5 out of 10 in our fundamental rating. SSTK was compared to 70 industry peers in the Interactive Media & Services industry. While SSTK belongs to the best of the industry regarding profitability, there are concerns on its financial health. SSTK is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
SSTK had positive earnings in the past year.
In the past year SSTK had a positive cash flow from operations.
SSTK had positive earnings in each of the past 5 years.
SSTK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.67%, SSTK is doing good in the industry, outperforming 71.43% of the companies in the same industry.
With an excellent Return On Equity value of 10.97%, SSTK belongs to the best of the industry, outperforming 84.29% of the companies in the same industry.
SSTK's Return On Invested Capital of 6.27% is fine compared to the rest of the industry. SSTK outperforms 74.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SSTK is below the industry average of 13.27%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.67% | ||
| ROE | 10.97% | ||
| ROIC | 6.27% |
ROA(3y)7.34%
ROA(5y)8.53%
ROE(3y)14.95%
ROE(5y)16.3%
ROIC(3y)9.8%
ROIC(5y)11.62%
1.3 Margins
Looking at the Profit Margin, with a value of 6.36%, SSTK is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
SSTK's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 7.54%, SSTK is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
SSTK's Operating Margin has improved in the last couple of years.
SSTK has a Gross Margin (58.07%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of SSTK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.54% | ||
| PM (TTM) | 6.36% | ||
| GM | 58.07% |
OM growth 3Y-19.3%
OM growth 5Y18.79%
PM growth 3Y-31.36%
PM growth 5Y4.45%
GM growth 3Y-3.49%
GM growth 5Y0.14%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SSTK is destroying value.
Compared to 1 year ago, SSTK has less shares outstanding
Compared to 5 years ago, SSTK has less shares outstanding
SSTK has a worse debt/assets ratio than last year.
2.2 Solvency
SSTK has an Altman-Z score of 1.68. This is a bad value and indicates that SSTK is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.68, SSTK perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
The Debt to FCF ratio of SSTK is 103.65, which is on the high side as it means it would take SSTK, 103.65 years of fcf income to pay off all of its debts.
SSTK has a Debt to FCF ratio of 103.65. This is comparable to the rest of the industry: SSTK outperforms 52.86% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that SSTK is not too dependend on debt financing.
SSTK has a worse Debt to Equity ratio (0.47) than 61.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 103.65 | ||
| Altman-Z | 1.68 |
ROIC/WACC0.63
WACC9.94%
2.3 Liquidity
SSTK has a Current Ratio of 0.49. This is a bad value and indicates that SSTK is not financially healthy enough and could expect problems in meeting its short term obligations.
SSTK's Current ratio of 0.49 is on the low side compared to the rest of the industry. SSTK is outperformed by 88.57% of its industry peers.
A Quick Ratio of 0.49 indicates that SSTK may have some problems paying its short term obligations.
SSTK has a worse Quick ratio (0.49) than 88.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
SSTK shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.19%.
SSTK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.29% yearly.
Looking at the last year, SSTK shows a quite strong growth in Revenue. The Revenue has grown by 14.21% in the last year.
SSTK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.53% yearly.
EPS 1Y (TTM)2.19%
EPS 3Y5.8%
EPS 5Y27.29%
EPS Q2Q%19%
Revenue 1Y (TTM)14.21%
Revenue growth 3Y6.54%
Revenue growth 5Y7.53%
Sales Q2Q%21.33%
3.2 Future
SSTK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.75% yearly.
SSTK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.87% yearly.
EPS Next Y21.61%
EPS Next 2Y14.04%
EPS Next 3Y8.38%
EPS Next 5Y8.75%
Revenue Next Year8.9%
Revenue Next 2Y4.95%
Revenue Next 3Y8.05%
Revenue Next 5Y5.87%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.03, the valuation of SSTK can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of SSTK indicates a rather cheap valuation: SSTK is cheaper than 90.00% of the companies listed in the same industry.
SSTK is valuated cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 4.74, the valuation of SSTK can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SSTK indicates a rather cheap valuation: SSTK is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.33. SSTK is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.03 | ||
| Fwd PE | 4.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SSTK indicates a rather cheap valuation: SSTK is cheaper than 91.43% of the companies listed in the same industry.
SSTK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 337.15 | ||
| EV/EBITDA | 5.43 |
4.3 Compensation for Growth
SSTK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SSTK may justify a higher PE ratio.
PEG (NY)0.28
PEG (5Y)0.22
EPS Next 2Y14.04%
EPS Next 3Y8.38%
5. Dividend
5.1 Amount
SSTK has a Yearly Dividend Yield of 5.27%, which is a nice return.
Compared to an average industry Dividend Yield of 2.82, SSTK pays a better dividend. On top of this SSTK pays more dividend than 97.14% of the companies listed in the same industry.
SSTK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
5.2 History
SSTK has been paying a dividend for over 5 years, so it has already some track record.
SSTK has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
68.69% of the earnings are spent on dividend by SSTK. This is not a sustainable payout ratio.
DP68.69%
EPS Next 2Y14.04%
EPS Next 3Y8.38%
25.31
-0.01 (-0.04%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners69.76%
Inst Owner Change-0.29%
Ins Owners31.73%
Ins Owner Change1.6%
Market Cap898.50M
Revenue(TTM)1.01B
Net Income(TTM)64.31M
Analysts77.78
Price Target29.19 (15.33%)
Short Float %6.33%
Short Ratio6.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP68.69%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.79%
Min EPS beat(2)-5.03%
Max EPS beat(2)1.45%
EPS beat(4)2
Avg EPS beat(4)-4.08%
Min EPS beat(4)-26.74%
Max EPS beat(4)13.99%
EPS beat(8)5
Avg EPS beat(8)6.32%
EPS beat(12)9
Avg EPS beat(12)7.45%
EPS beat(16)12
Avg EPS beat(16)10.34%
Revenue beat(2)1
Avg Revenue beat(2)0.06%
Min Revenue beat(2)-5.68%
Max Revenue beat(2)5.8%
Revenue beat(4)2
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-5.68%
Max Revenue beat(4)5.8%
Revenue beat(8)5
Avg Revenue beat(8)0.24%
Revenue beat(12)6
Avg Revenue beat(12)-0.47%
Revenue beat(16)7
Avg Revenue beat(16)-0.6%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.96%
EPS NY rev (1m)0%
EPS NY rev (3m)5.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.03 | ||
| Fwd PE | 4.74 | ||
| P/S | 0.89 | ||
| P/FCF | 337.15 | ||
| P/OCF | 18.54 | ||
| P/B | 1.53 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.43 |
EPS(TTM)4.2
EY16.59%
EPS(NY)5.34
Fwd EY21.12%
FCF(TTM)0.08
FCFY0.3%
OCF(TTM)1.37
OCFY5.39%
SpS28.46
BVpS16.51
TBVpS-6.4
PEG (NY)0.28
PEG (5Y)0.22
Graham Number39.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.67% | ||
| ROE | 10.97% | ||
| ROCE | 10.27% | ||
| ROIC | 6.27% | ||
| ROICexc | 7.2% | ||
| ROICexgc | N/A | ||
| OM | 7.54% | ||
| PM (TTM) | 6.36% | ||
| GM | 58.07% | ||
| FCFM | 0.26% |
ROA(3y)7.34%
ROA(5y)8.53%
ROE(3y)14.95%
ROE(5y)16.3%
ROIC(3y)9.8%
ROIC(5y)11.62%
ROICexc(3y)11.98%
ROICexc(5y)43.54%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)14.78%
ROCE(5y)16.65%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-43.74%
ROICexc growth 5Y-17.59%
OM growth 3Y-19.3%
OM growth 5Y18.79%
PM growth 3Y-31.36%
PM growth 5Y4.45%
GM growth 3Y-3.49%
GM growth 5Y0.14%
F-Score3
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 103.65 | ||
| Debt/EBITDA | 1.64 | ||
| Cap/Depr | 50.77% | ||
| Cap/Sales | 4.53% | ||
| Interest Coverage | 4.99 | ||
| Cash Conversion | 29.12% | ||
| Profit Quality | 4.14% | ||
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 1.68 |
F-Score3
WACC9.94%
ROIC/WACC0.63
Cap/Depr(3y)59.35%
Cap/Depr(5y)72.49%
Cap/Sales(3y)5.26%
Cap/Sales(5y)5.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.19%
EPS 3Y5.8%
EPS 5Y27.29%
EPS Q2Q%19%
EPS Next Y21.61%
EPS Next 2Y14.04%
EPS Next 3Y8.38%
EPS Next 5Y8.75%
Revenue 1Y (TTM)14.21%
Revenue growth 3Y6.54%
Revenue growth 5Y7.53%
Sales Q2Q%21.33%
Revenue Next Year8.9%
Revenue Next 2Y4.95%
Revenue Next 3Y8.05%
Revenue Next 5Y5.87%
EBIT growth 1Y34.36%
EBIT growth 3Y-14.02%
EBIT growth 5Y27.74%
EBIT Next Year245.03%
EBIT Next 3Y60.19%
EBIT Next 5Y36.28%
FCF growth 1Y-98.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-75.21%
OCF growth 3Y-46.77%
OCF growth 5Y-20.47%