SHUTTERSTOCK INC (SSTK)
US8256901005 - Common Stock
We assign a fundamental rating of 6 out of 10 to SSTK. SSTK was compared to 68 industry peers in the Interactive Media & Services industry. SSTK has an excellent profitability rating, but there are some minor concerns on its financial health. SSTK scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make SSTK a good candidate for value investing.
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.
SSTK had positive earnings in each of the past 5 years.
In the past 5 years SSTK always reported a positive cash flow from operatings.
1.2 Ratios
SSTK has a better Return On Assets (10.64%) than 88.06% of its industry peers.
Looking at the Return On Equity, with a value of 20.91%, SSTK belongs to the top of the industry, outperforming 89.55% of the companies in the same industry.
SSTK's Return On Invested Capital of 9.68% is amongst the best of the industry. SSTK outperforms 83.58% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SSTK is significantly above the industry average of 9.61%.
The 3 year average ROIC (15.20%) for SSTK is well above the current ROIC(9.68%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.64% | ||
| ROE | 20.91% | ||
| ROIC | 9.68% |
ROA(3y)10.02%
ROA(5y)8.62%
ROE(3y)19.18%
ROE(5y)16.14%
ROIC(3y)15.2%
ROIC(5y)13.17%
1.3 Margins
SSTK's Profit Margin of 12.60% is fine compared to the rest of the industry. SSTK outperforms 77.61% of its industry peers.
SSTK's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 7.82%, SSTK is in the better half of the industry, outperforming 70.15% of the companies in the same industry.
In the last couple of years the Operating Margin of SSTK has grown nicely.
SSTK has a Gross Margin (59.68%) 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 | 7.82% | ||
| PM (TTM) | 12.6% | ||
| GM | 59.68% |
OM growth 3Y-15.13%
OM growth 5Y8.45%
PM growth 3Y5.39%
PM growth 5Y7.52%
GM growth 3Y-0.76%
GM growth 5Y0.91%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SSTK is still creating some value.
SSTK has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SSTK has been increased compared to 5 years ago.
SSTK has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.13 indicates that SSTK is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.13, SSTK is doing good in the industry, outperforming 71.64% of the companies in the same industry.
The Debt to FCF ratio of SSTK is 0.31, which is an excellent value as it means it would take SSTK, only 0.31 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.31, SSTK belongs to the top of the industry, outperforming 82.09% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that SSTK is not too dependend on debt financing.
The Debt to Equity ratio of SSTK (0.06) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.31 | ||
| Altman-Z | 3.13 |
ROIC/WACC1.06
WACC9.15%
2.3 Liquidity
SSTK has a Current Ratio of 0.65. This is a bad value and indicates that SSTK is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of SSTK (0.65) is worse than 91.04% of its industry peers.
A Quick Ratio of 0.65 indicates that SSTK may have some problems paying its short term obligations.
SSTK has a worse Quick ratio (0.65) than 91.04% of its industry peers.
SSTK does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
SSTK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.86%, which is quite good.
SSTK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.55% yearly.
Looking at the last year, SSTK shows a small growth in Revenue. The Revenue has grown by 5.64% in the last year.
SSTK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.01% yearly.
EPS 1Y (TTM)11.86%
EPS 3Y18.47%
EPS 5Y22.55%
EPS growth Q2Q-31.43%
Revenue 1Y (TTM)5.64%
Revenue growth 3Y9.47%
Revenue growth 5Y7.01%
Revenue growth Q2Q-0.22%
3.2 Future
The Earnings Per Share is expected to grow by 15.17% on average over the next years. This is quite good.
SSTK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.10% yearly.
EPS Next Y-0.74%
EPS Next 2Y6.47%
EPS Next 3Y0.04%
EPS Next 5Y15.17%
Revenue Next Year-0.74%
Revenue Next 2Y3.47%
Revenue Next 3Y5.51%
Revenue Next 5Y7.1%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.72, the valuation of SSTK can be described as very reasonable.
88.06% of the companies in the same industry are more expensive than SSTK, based on the Price/Earnings ratio.
SSTK is valuated cheaply when we compare the Price/Earnings ratio to 25.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.79 indicates a reasonable valuation of SSTK.
88.06% of the companies in the same industry are more expensive than SSTK, based on the Price/Forward Earnings ratio.
SSTK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.72 | ||
| Fwd PE | 9.79 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SSTK is valued cheaper than 83.58% of the companies in the same industry.
79.10% of the companies in the same industry are more expensive than SSTK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.63 | ||
| EV/EBITDA | 9.58 |
4.3 Compensation for Growth
The excellent profitability rating of SSTK may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.43
EPS Next 2Y6.47%
EPS Next 3Y0.04%
5. Dividend
5.1 Amount
SSTK has a Yearly Dividend Yield of 2.94%.
Compared to an average industry Dividend Yield of 17.33, SSTK pays a better dividend. On top of this SSTK pays more dividend than 95.52% of the companies listed in the same industry.
SSTK's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
5.2 History
The dividend of SSTK decreases each year by -18.46%.
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)-18.46%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
SSTK pays out 35.09% of its income as dividend. This is a sustainable payout ratio.
DP35.09%
EPS Next 2Y6.47%
EPS Next 3Y0.04%
SHUTTERSTOCK INC
NYSE:SSTK (4/25/2024, 7:18:51 PM)
After market: 42.18 0 (0%)42.18
-0.59 (-1.38%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.50B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.72 | ||
| Fwd PE | 9.79 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.64% | ||
| ROE | 20.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.82% | ||
| PM (TTM) | 12.6% | ||
| GM | 59.68% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)11.86%
EPS 3Y18.47%
EPS 5Y
EPS growth Q2Q
EPS Next Y-0.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.64%
Revenue growth 3Y9.47%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y