NYSE:SSTK

Stock Analysis Report

Executive Summary

Shutterstock, Inc. provides digital content, and tools and services in North America, Europe, and internationally.

Snowflake

Fundamentals

Excellent 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


Market Performance


7 Day Return

-1.2%

NYSE:SSTK

3.5%

US Online Retail

0.9%

US Market


1 Year Return

-31.8%

NYSE:SSTK

-1.5%

US Online Retail

0.3%

US Market

SSTK underperformed the Online Retail industry which returned -2.7% over the past year.

SSTK underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

SSTKIndustryMarket
7 Day-1.2%3.5%0.9%
30 Day-10.1%-3.6%-1.9%
90 Day-10.4%2.9%1.6%
1 Year-31.8%-31.8%-1.4%-1.5%2.6%0.3%
3 Year-37.6%-41.1%95.1%94.8%41.0%31.8%
5 Year-48.7%-51.6%216.7%194.1%55.2%38.0%

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 based on future cash flows and its price relative to the stock market?

36.93x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Shutterstock's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Shutterstock's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Shutterstock is overvalued based on earnings compared to the US Online Retail industry average.

Shutterstock is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Shutterstock is poor value based on expected growth next year.


Price Based on Value of Assets

Shutterstock is overvalued based on assets compared to the US Online Retail industry average.


Next Steps

Future Growth

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

24.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Shutterstock's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).

Shutterstock's earnings are expected to grow significantly at over 20% yearly.

Shutterstock's revenue growth is positive but not above the United States of America market average.

Shutterstock's earnings growth is expected to exceed the United States of America market average.

Shutterstock's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Shutterstock will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Shutterstock performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Shutterstock's year on year earnings growth rate has been positive over the past 5 years.

Shutterstock's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Shutterstock's 1-year earnings growth is negative, it can't be compared to the US Online Retail industry average.


Return on Equity

Shutterstock has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Shutterstock used its assets less efficiently than the US Online Retail industry average last year based on Return on Assets.


Return on Capital Employed

Shutterstock's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Shutterstock's financial position?


Financial Position Analysis

Shutterstock is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Shutterstock's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Shutterstock's level of debt (0%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Shutterstock's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (1.561088368335E+18%, greater than 20% of total debt).

Shutterstock earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 4.6881205483532E+16x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Shutterstock's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Shutterstock's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Shutterstock has not reported any payouts.

Unable to verify if Shutterstock's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Shutterstock has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Shutterstock's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

Jon Oringer (45yo)

16.6yrs

Tenure

US$661

Compensation

Mr. Jonathan Oringer, also known as Jon, founded Shutterstock Images, LLC (also known as, Shutterstock, Inc) in 2003 and has been its Chairman, Chief Executive Officer and Director since 2003. He serves as ...


CEO Compensation Analysis

Jon's remuneration is lower than average for companies of similar size in United States of America.

Jon's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.2yrs

Average Tenure

49yo

Average Age

The tenure for the Shutterstock management team is about average.


Board Age and Tenure

4.8yrs

Average Tenure

54yo

Average Age

The tenure for the Shutterstock board of directors is about average.


Insider Trading

Shutterstock individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$62,74111 Jun 19
Deirdre Bigley
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,592
Max PriceUS$39.41
SellUS$100,72502 May 19
Thomas Evans
EntityIndividual
Role
Lead Director
Presiding Director
Shares2,500
Max PriceUS$40.29
SellUS$511,80027 Aug 18
Thomas Evans
EntityIndividual
Role
Lead Director
Presiding Director
Shares10,000
Max PriceUS$51.18

Ownership Breakdown


Management Team

  • Jon Oringer (45yo)

    Founder

    • Tenure: 16.6yrs
    • Compensation: US$661.00
  • Lou Weiss (50yo)

    Chief Marketing Officer

    • Tenure: 1.5yrs
    • Compensation: US$2.08m
  • Lisa Nadler (56yo)

    • Tenure: 2.1yrs
    • Compensation: US$1.98m
  • Siobhan Aalders

    Head of Global Communications

    • Tenure: 3.5yrs
  • Stan Pavlovsky (47yo)

    President & COO

    • Tenure: 0.2yrs
  • David Petts (56yo)

    Chief Revenue Officer

    • Tenure: 0.0yrs
  • Jody Vandergriff

    Co-Founder & Chief Executive Officer of WebDAM

    • Tenure: 5.8yrs
  • Steve Ciardiello (48yo)

    Interim CFO & Chief Accounting Officer

    • Tenure: 0.2yrs
    • Compensation: US$500.54k
  • Heidi Garfield

    VP, General Counsel & Corporate Secretary

    • Tenure: 2.3yrs
  • Amy Behrman

    Senior Director of Corporate Development

    • Tenure: 0.0yrs

Board Members

  • Jeff Epstein (63yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$232.45k
  • Tom Evans (64yo)

    Presiding Director

    • Tenure: 4.8yrs
    • Compensation: US$227.45k
  • Jon Oringer (45yo)

    Founder

    • Tenure: 16.6yrs
    • Compensation: US$661.00
  • Deirdre Bigley (54yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$219.95k
  • Paul Hennessy (54yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$224.95k
  • Rachna Bhasin (46yo)

    Director

    • Tenure: 0.0yrs

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$1.232b
  • Shares outstanding: 35.29m
  • 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. provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustratio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 00:33
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.