SSTK

ShutterstockNYSE:SSTK Stock Report

Market Cap

US$4.4b

7D

7.4%

1Y

122.9%

Updated

19 Sep, 2021

Data

Company Financials +
SSTK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance6/6
Financial Health6/6
Dividends1/6

SSTK Overview

Shutterstock, Inc., a technology company, provides content, and tools and services in North America, Europe, and internationally.

Shutterstock Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shutterstock
Historical stock prices
Current Share PriceUS$119.31
52 Week HighUS$50.19
52 Week LowUS$120.13
Beta1.08
1 Month Change16.42%
3 Month Change25.55%
1 Year Change122.93%
3 Year Change127.26%
5 Year Change84.55%
Change since IPO450.83%

Recent News & Updates

Sep 11

Shutterstock: Image The Images

Shutterstock has been performing well on all fronts. The move to a subscription model is funnily enough only accelerating growth alongside the pandemic, accompanied by real bottom-line margin gains. All of this and a nice M&A make the situation interesting, if not for the fact that shares have done well already.

Sep 10
Estimating The Fair Value Of Shutterstock, Inc. (NYSE:SSTK)

Estimating The Fair Value Of Shutterstock, Inc. (NYSE:SSTK)

Does the September share price for Shutterstock, Inc. ( NYSE:SSTK ) reflect what it's really worth? Today, we will...

Shareholder Returns

SSTKUS Online RetailUS Market
7D7.4%-1.0%-0.6%
1Y122.9%1.3%33.8%

Return vs Industry: SSTK exceeded the US Online Retail industry which returned 1.3% over the past year.

Return vs Market: SSTK exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is SSTK's price volatile compared to industry and market?
SSTK volatility
SSTK Beta1.08
Industry Beta1.09
Market Beta1

Stable Share Price: SSTK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SSTK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003967Stan Pavlovskyhttps://www.shutterstock.com

Shutterstock, Inc., a technology company, provides content, and tools and services in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects, and HD and 4K formats that are integrated into Websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement digital imagery. The company provides its services under the Shutterstock, Bigstock, Offset, Shutterstock Select, Shutterstock Custom, Shutterstock Editorial, Offset, PremiumBeat brand names, as well as Application programming interface, and Editor and Editor Pro tools to enhance workflow and project management needs, and search capabilities.

Shutterstock Fundamentals Summary

How do Shutterstock's earnings and revenue compare to its market cap?
SSTK fundamental statistics
Market CapUS$4.37b
Earnings (TTM)US$107.43m
Revenue (TTM)US$719.36m

40.7x

P/E Ratio

6.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSTK income statement (TTM)
RevenueUS$719.36m
Cost of RevenueUS$256.23m
Gross ProfitUS$463.14m
ExpensesUS$355.71m
EarningsUS$107.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.96
Gross Margin64.38%
Net Profit Margin14.93%
Debt/Equity Ratio0%

How did SSTK perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

26%

Payout Ratio

Valuation

Is Shutterstock undervalued compared to its fair value and its price relative to the market?

40.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SSTK ($119.31) is trading above our estimate of fair value ($117.86)

Significantly Below Fair Value: SSTK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SSTK is poor value based on its PE Ratio (40.7x) compared to the US Online Retail industry average (33.9x).

PE vs Market: SSTK is poor value based on its PE Ratio (40.7x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: SSTK is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: SSTK is overvalued based on its PB Ratio (9.4x) compared to the US Online Retail industry average (4.8x).


Future Growth

How is Shutterstock forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSTK's forecast earnings growth (14.7% per year) is above the savings rate (2%).

Earnings vs Market: SSTK's earnings (14.7% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: SSTK's earnings are forecast to grow, but not significantly.

Revenue vs Market: SSTK's revenue (9.2% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: SSTK's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SSTK's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Shutterstock performed over the past 5 years?

23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSTK has high quality earnings.

Growing Profit Margin: SSTK's current net profit margins (14.9%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: SSTK's earnings have grown significantly by 23% per year over the past 5 years.

Accelerating Growth: SSTK's earnings growth over the past year (229.6%) exceeds its 5-year average (23% per year).

Earnings vs Industry: SSTK earnings growth over the past year (229.6%) exceeded the Online Retail industry 50%.


Return on Equity

High ROE: SSTK's Return on Equity (23.1%) is considered high.


Financial Health

How is Shutterstock's financial position?


Financial Position Analysis

Short Term Liabilities: SSTK's short term assets ($484.4M) exceed its short term liabilities ($282.5M).

Long Term Liabilities: SSTK's short term assets ($484.4M) exceed its long term liabilities ($48.0M).


Debt to Equity History and Analysis

Debt Level: SSTK is debt free.

Reducing Debt: SSTK has not had any debt for past 5 years.

Debt Coverage: SSTK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SSTK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Shutterstock current dividend yield, its reliability and sustainability?

0.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SSTK's dividend (0.7%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: SSTK's dividend (0.7%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SSTK has been paying a dividend for less than 10 years.

Growing Dividend: SSTK's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.7%), SSTK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Stan Pavlovsky (49 yo)

1.42yrs

Tenure

US$7,025,759

Compensation

Mr. Stan Pavlovsky has been the Chief Executive Officer and Director at Shutterstock, Inc. since April 1, 2020 and served as President and Chief Operating Officer since June 25, 2019 until April 1, 2020 an...


CEO Compensation Analysis

Compensation vs Market: Stan's total compensation ($USD7.03M) is above average for companies of similar size in the US market ($USD5.27M).

Compensation vs Earnings: Stan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SSTK's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: SSTK's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SSTK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shutterstock, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shutterstock, Inc.
  • Ticker: SSTK
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$4.369b
  • Shares outstanding: 36.62m
  • Website: https://www.shutterstock.com

Number of Employees


Location

  • Shutterstock, Inc.
  • Empire State Building
  • 21st Floor
  • New York
  • New York
  • 10118
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:09
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.