SHUTTERSTOCK INC (SSTK) Stock Fundamental Analysis
NYSE:SSTK - New York Stock Exchange, Inc. - US8256901005 - Common Stock - Currency: USD
SSTK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 70 industry peers in the Interactive Media & Services industry. SSTK has an excellent profitability rating, but 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.
Each year in the past 5 years SSTK has been profitable.
Each year in the past 5 years SSTK had a positive operating cash flow.
1.2 Ratios
SSTK has a better Return On Assets (4.67%) than 67.14% of its industry peers.
The Return On Equity of SSTK (10.97%) is better than 81.43% of its industry peers.
SSTK's Return On Invested Capital of 6.27% is fine compared to the rest of the industry. SSTK outperforms 75.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SSTK is below the industry average of 12.13%.
| 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
SSTK has a better Profit Margin (6.36%) than 70.00% of its industry peers.
In the last couple of years the Profit Margin of SSTK has grown nicely.
SSTK has a Operating Margin of 7.54%. This is in the better half of the industry: SSTK outperforms 68.57% of its industry peers.
SSTK's Operating Margin has improved in the last couple of years.
SSTK's Gross Margin of 58.07% is in line compared to the rest of the industry. SSTK outperforms 42.86% of its industry peers.
SSTK's Gross Margin has been stable in the last couple of years.
| 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
SSTK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SSTK has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SSTK has less shares outstanding
The debt/assets ratio for SSTK is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that SSTK is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.54, SSTK is in line with its industry, outperforming 51.43% 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 (103.65) which is in line with its industry peers.
SSTK has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
SSTK has a worse Debt to Equity ratio (0.47) than 65.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 103.65 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.69
WACC9.1%
2.3 Liquidity
A Current Ratio of 0.49 indicates that SSTK may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.49, SSTK is doing worse than 90.00% of the companies in the same industry.
A Quick Ratio of 0.49 indicates that SSTK may have some problems paying its short term obligations.
SSTK's Quick 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.
| 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%.
The Earnings Per Share has been growing by 27.29% on average over the past years. This is a very strong growth
Looking at the last year, SSTK shows a quite strong growth in Revenue. The Revenue has grown by 14.21% in the last year.
The Revenue has been growing slightly by 7.53% on average over the past years.
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
Based on estimates for the next years, SSTK will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.75% on average per year.
The Revenue is expected to grow by 5.87% on average over the next years.
EPS Next Y15.03%
EPS Next 2Y11.73%
EPS Next 3Y8.38%
EPS Next 5Y8.75%
Revenue Next Year7.86%
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.
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
SSTK is valuated cheaply with a Price/Earnings ratio of 4.78.
SSTK's Price/Earnings ratio is rather cheap when compared to the industry. SSTK is cheaper than 91.43% of the companies in the same industry.
SSTK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.51.
With a Price/Forward Earnings ratio of 3.91, the valuation of SSTK can be described as very cheap.
Based on the Price/Forward Earnings ratio, SSTK is valued cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.09, SSTK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.78 | ||
| Fwd PE | 3.91 |
4.2 Price Multiples
SSTK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SSTK is cheaper than 94.29% of the companies 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 | 267.26 | ||
| EV/EBITDA | 4.31 |
4.3 Compensation for Growth
The 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)0.32
PEG (5Y)0.18
EPS Next 2Y11.73%
EPS Next 3Y8.38%
5. Dividend
5.1 Amount
SSTK has a Yearly Dividend Yield of 6.48%, which is a nice return.
Compared to an average industry Dividend Yield of 2.88, SSTK pays a better dividend. On top of this SSTK pays more dividend than 98.57% 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 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.48% |
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 2Y11.73%
EPS Next 3Y8.38%
20.08
-0.28 (-1.38%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners66.89%
Inst Owner Change-0.6%
Ins Owners31.73%
Ins Owner Change2.09%
Market Cap712.24M
Analysts76
Price Target29.19 (45.37%)
Short Float %9.48%
Short Ratio8.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.48% |
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)-5.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.97%
EPS NY rev (1m)0%
EPS NY rev (3m)2.24%
Revenue NQ rev (1m)2.02%
Revenue NQ rev (3m)-1.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.78 | ||
| Fwd PE | 3.91 | ||
| P/S | 0.7 | ||
| P/FCF | 267.26 | ||
| P/OCF | 14.7 | ||
| P/B | 1.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.31 |
EPS(TTM)4.2
EY20.92%
EPS(NY)5.13
Fwd EY25.55%
FCF(TTM)0.08
FCFY0.37%
OCF(TTM)1.37
OCFY6.8%
SpS28.49
BVpS16.53
TBVpS-6.4
PEG (NY)0.32
PEG (5Y)0.18
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%
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 | 0.47 | ||
| 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 | 1.54 |
F-Score3
WACC9.1%
ROIC/WACC0.69
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 Y15.03%
EPS Next 2Y11.73%
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 Year7.86%
Revenue Next 2Y5.5%
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%