SHUTTERSTOCK INC (SSTK) Stock Fundamental Analysis
NYSE:SSTK - New York Stock Exchange, Inc. - US8256901005 - Common Stock - Currency: USD
Overall SSTK gets a fundamental rating of 5 out of 10. We evaluated SSTK against 71 industry peers in the Interactive Media & Services industry. There are concerns on the financial health of SSTK while its profitability can be described as average. SSTK may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year SSTK was profitable.
In the past year SSTK had a positive cash flow from operations.
In the past 5 years SSTK has always been profitable.
SSTK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SSTK (2.91%) is better than 63.38% of its industry peers.
SSTK has a better Return On Equity (7.04%) than 73.24% of its industry peers.
SSTK has a better Return On Invested Capital (6.47%) than 76.06% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SSTK is below the industry average of 12.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 7.04% | ||
| ROIC | 6.47% |
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
SSTK has a better Profit Margin (4.00%) than 63.38% of its industry peers.
In the last couple of years the Profit Margin of SSTK has grown nicely.
SSTK's Operating Margin of 6.45% is fine compared to the rest of the industry. SSTK outperforms 67.61% of its industry peers.
In the last couple of years the Operating Margin of SSTK has grown nicely.
SSTK's Gross Margin of 57.56% is in line compared to the rest of the industry. SSTK outperforms 40.85% of its industry peers.
SSTK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.45% | ||
| PM (TTM) | 4% | ||
| GM | 57.56% |
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
SSTK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SSTK has been reduced compared to 1 year ago.
Compared to 5 years ago, SSTK has less shares outstanding
Compared to 1 year ago, SSTK has a worse debt to assets ratio.
2.2 Solvency
SSTK has an Altman-Z score of 1.41. This is a bad value and indicates that SSTK is not financially healthy and even has some risk of bankruptcy.
SSTK has a Altman-Z score (1.41) which is comparable to the rest of the industry.
SSTK has a debt to FCF ratio of 45.92. This is a negative value and a sign of low solvency as SSTK would need 45.92 years to pay back of all of its debts.
SSTK has a Debt to FCF ratio (45.92) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.22 indicates that SSTK is not too dependend on debt financing.
SSTK has a Debt to Equity ratio of 0.22. This is comparable to the rest of the industry: SSTK outperforms 45.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 45.92 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.75
WACC8.67%
2.3 Liquidity
A Current Ratio of 0.43 indicates that SSTK may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.43, SSTK is doing worse than 92.96% of the companies in the same industry.
A Quick Ratio of 0.43 indicates that SSTK may have some problems paying its short term obligations.
SSTK has a Quick ratio of 0.43. This is amonst the worse of the industry: SSTK underperforms 91.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
The earnings per share for SSTK have decreased by -4.07% in the last year.
Measured over the past years, SSTK shows a very strong growth in Earnings Per Share. The EPS has been growing by 27.29% on average per year.
The Revenue has grown by 10.31% in the past year. This is quite good.
SSTK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.53% yearly.
EPS 1Y (TTM)-4.07%
EPS 3Y5.8%
EPS 5Y27.29%
EPS Q2Q%-8.85%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y6.54%
Revenue growth 5Y7.53%
Sales Q2Q%13.21%
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.
The Revenue is expected to grow by 5.87% on average over the next years.
EPS Next Y12.51%
EPS Next 2Y11.73%
EPS Next 3Y8.38%
EPS Next 5Y8.75%
Revenue Next Year8.69%
Revenue Next 2Y5.5%
Revenue Next 3Y8.05%
Revenue Next 5Y5.87%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 4.39, the valuation of SSTK can be described as very cheap.
SSTK's Price/Earnings ratio is rather cheap when compared to the industry. SSTK is cheaper than 94.37% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.52. SSTK is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 3.43, the valuation of SSTK can be described as very cheap.
SSTK's Price/Forward Earnings ratio is rather cheap when compared to the industry. SSTK is cheaper than 98.59% of the companies in the same industry.
SSTK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.25.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.39 | ||
| Fwd PE | 3.43 |
4.2 Price Multiples
91.55% of the companies in the same industry are more expensive than SSTK, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as SSTK.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 102.99 | ||
| EV/EBITDA | 5.25 |
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.
SSTK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.35
PEG (5Y)0.16
EPS Next 2Y11.73%
EPS Next 3Y8.38%
5. Dividend
5.1 Amount
SSTK has a Yearly Dividend Yield of 7.39%, which is a nice return.
Compared to an average industry Dividend Yield of 3.03, SSTK pays a better dividend. On top of this SSTK pays more dividend than 98.59% 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.39% |
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
112.27% of the earnings are spent on dividend by SSTK. This is not a sustainable payout ratio.
DP112.27%
EPS Next 2Y11.73%
EPS Next 3Y8.38%
17.62
-0.24 (-1.34%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners81.45%
Inst Owner Change-13.71%
Ins Owners31.59%
Ins Owner Change0.49%
Market Cap621.11M
Analysts76
Price Target29.19 (65.66%)
Short Float %9.98%
Short Ratio6.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.39% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP112.27%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.89%
Min EPS beat(2)-26.74%
Max EPS beat(2)-5.03%
EPS beat(4)1
Avg EPS beat(4)-4.94%
Min EPS beat(4)-26.74%
Max EPS beat(4)13.99%
EPS beat(8)5
Avg EPS beat(8)6.5%
EPS beat(12)8
Avg EPS beat(12)6.29%
EPS beat(16)12
Avg EPS beat(16)12.9%
Revenue beat(2)0
Avg Revenue beat(2)-4.71%
Min Revenue beat(2)-5.68%
Max Revenue beat(2)-3.74%
Revenue beat(4)2
Avg Revenue beat(4)-1.59%
Min Revenue beat(4)-5.68%
Max Revenue beat(4)2.02%
Revenue beat(8)4
Avg Revenue beat(8)-1.05%
Revenue beat(12)5
Avg Revenue beat(12)-1.21%
Revenue beat(16)7
Avg Revenue beat(16)-0.73%
PT rev (1m)0%
PT rev (3m)-33.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.37%
Revenue NQ rev (1m)-1.25%
Revenue NQ rev (3m)-1.74%
Revenue NY rev (1m)-1.23%
Revenue NY rev (3m)-3.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.39 | ||
| Fwd PE | 3.43 | ||
| P/S | 0.64 | ||
| P/FCF | 102.99 | ||
| P/OCF | 12.52 | ||
| P/B | 1.14 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.25 |
EPS(TTM)4.01
EY22.76%
EPS(NY)5.13
Fwd EY29.12%
FCF(TTM)0.17
FCFY0.97%
OCF(TTM)1.41
OCFY7.98%
SpS27.34
BVpS15.52
TBVpS-7.48
PEG (NY)0.35
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 7.04% | ||
| ROCE | 8.77% | ||
| ROIC | 6.47% | ||
| ROICexc | 7.68% | ||
| ROICexgc | N/A | ||
| OM | 6.45% | ||
| PM (TTM) | 4% | ||
| GM | 57.56% | ||
| FCFM | 0.63% |
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%
ROICexcg growth 3YN/A
ROICexcg 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 | 0.22 | ||
| Debt/FCF | 45.92 | ||
| Debt/EBITDA | 0.79 | ||
| Cap/Depr | 48.93% | ||
| Cap/Sales | 4.52% | ||
| Interest Coverage | 5.32 | ||
| Cash Conversion | 32.8% | ||
| Profit Quality | 15.67% | ||
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 1.41 |
F-Score3
WACC8.67%
ROIC/WACC0.75
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)-4.07%
EPS 3Y5.8%
EPS 5Y27.29%
EPS Q2Q%-8.85%
EPS Next Y12.51%
EPS Next 2Y11.73%
EPS Next 3Y8.38%
EPS Next 5Y8.75%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y6.54%
Revenue growth 5Y7.53%
Sales Q2Q%13.21%
Revenue Next Year8.69%
Revenue Next 2Y5.5%
Revenue Next 3Y8.05%
Revenue Next 5Y5.87%
EBIT growth 1Y38.85%
EBIT growth 3Y-14.02%
EBIT growth 5Y27.74%
EBIT Next Year233.23%
EBIT Next 3Y60.19%
EBIT Next 5Y36.28%
FCF growth 1Y-96.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-75.52%
OCF growth 3Y-46.77%
OCF growth 5Y-20.47%