NYSE:SSTK

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Shutterstock's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SSTK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

SSTK

-2.2%

US Online Retail

1.1%

US Market


1 Year Return

-5.1%

SSTK

31.5%

US Online Retail

4.6%

US Market

Return vs Industry: SSTK underperformed the US Online Retail industry which returned 31.4% over the past year.

Return vs Market: SSTK underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

SSTKIndustryMarket
7 Day1.0%-2.2%1.1%
30 Day-5.8%3.1%5.5%
90 Day-6.3%14.6%-4.9%
1 Year-4.7%-5.1%31.6%31.5%7.0%4.6%
3 Year-16.2%-21.3%86.4%86.2%28.6%20.1%
5 Year-38.1%-41.8%208.5%196.5%52.5%35.3%

Price Volatility Vs. Market

How volatile is Shutterstock's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

76.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SSTK ($36.64) is trading above our estimate of fair value ($11.57)

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 (76.7x) compared to the Online Retail industry average (22.6x).

PE vs Market: SSTK is poor value based on its PE Ratio (76.7x) compared to the US market (15.1x).


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 (4x) compared to the US Online Retail industry average (2.8x).


Next Steps

Future Growth

How is Shutterstock forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

27.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSTK's forecast earnings growth (27.2% per year) is above the savings rate (2.2%).

Earnings vs Market: SSTK's earnings (27.2% per year) are forecast to grow faster than the US market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SSTK's revenue (4.7% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: SSTK's revenue (4.7% 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


Next Steps

Past Performance

How has Shutterstock performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSTK has high quality earnings.

Growing Profit Margin: SSTK's current net profit margins (2.6%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: SSTK's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: SSTK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SSTK had negative earnings growth (-43%) over the past year, making it difficult to compare to the Online Retail industry average (0.6%).


Return on Equity

High ROE: SSTK's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is Shutterstock's financial position?


Financial Position Analysis

Short Term Liabilities: SSTK's short term assets ($369.7M) exceed its short term liabilities ($232.3M).

Long Term Liabilities: SSTK's short term assets ($369.7M) exceed its long term liabilities ($54.9M).


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


Next Steps

Dividend

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

1.86%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SSTK's dividend (1.86%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: SSTK's dividend (1.86%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SSTK's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SSTK's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.6%), 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?

0.5yrs

Average management tenure


CEO

Stan Pavlovsky (47yo)

0.083

Tenure

US$4,717,972

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 ($USD4.72M) is about average for companies of similar size in the US market ($USD4.91M).

Compensation vs Earnings: Insufficient data to compare Stan's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Stan Pavlovsky
CEO & Director0.083yrUS$4.72m0.010% $130.9k
Jarrod Yahes
Chief Financial Officer0.42yrUS$398.77kno data
Steven Ciardiello
Chief Accounting Officer3.42yrsUS$1.62m0.046% $601.6k
Peter Silvio
Chief Technology Officer0.50yrno data0.084% $1.1m
Amy Behrman
Senior Director of Corporate Developmentno datano datano data
Heidi Garfield
Senior VP3.08yrsno datano data
Siobhan Aalders
Head of Global Communications4.25yrsno datano data
Abraham Muchnick
Chief Product Officer0.17yrno datano data
Jamie Elden
Chief Revenue Officer0.17yrno datano data
Jody Vandergriff
Co-Founder & Chief Executive Officer of WebDAM6.5yrsno datano data

0.5yrs

Average Tenure

44yo

Average Age

Experienced Management: SSTK's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Stan Pavlovsky
CEO & Director0.083yrUS$4.72m0.010% $130.9k
Jeffrey Epstein
Independent Director8.08yrsUS$215.34k0.037% $486.8k
Thomas Evans
Independent Presiding Director5.58yrsUS$220.34k0.042% $546.1k
Jonathan Oringer
Founder & Executive Chairman17.33yrsUS$4.60m45.34% $592.0m
Deirdre Bigley
Independent Director4yrsUS$205.34k0.026% $336.2k
Paul Hennessy
Independent Director5.08yrsUS$207.84k0.030% $393.7k
Rachna Bhasin
Independent Director0.83yrUS$165.76kno data

5.1yrs

Average Tenure

54yo

Average Age

Experienced Board: SSTK's board of directors are considered experienced (5.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, 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$1.306b
  • Shares outstanding: 35.63m
  • Website: https://www.shutterstock.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSTKNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2012
S3TBST (Boerse-Stuttgart)YesCommon StockDEEUROct 2012

Biography

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, and Shutterstock Music and PremiumBeat names, as well as Superior search, Application programming interface, and Editor and Editor Pro tools to enhance workflow and project management needs, and search capabilities. It serves marketing professionals and organizations, media and broadcast companies, and small and medium-sized businesses through online platform. Shutterstock, Inc. was founded in 2003 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 02:07
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.