NYSE:SSTK

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-0.7%

SSTK

1.1%

US Online Retail

1.0%

US Market


1 Year Return

-24.7%

SSTK

5.8%

US Online Retail

6.7%

US Market

Return vs Industry: SSTK underperformed the US Online Retail industry which returned 5.8% over the past year.

Return vs Market: SSTK underperformed the US Market which returned 6.7% over the past year.


Share holder returns

SSTKIndustryMarket
7 Day-0.7%1.1%1.0%
30 Day-5.9%-5.1%-1.8%
90 Day-9.4%-8.3%-1.8%
1 Year-24.7%-24.7%5.9%5.8%9.1%6.7%
3 Year-39.2%-42.6%77.5%77.3%46.1%36.6%
5 Year-47.7%-50.7%181.2%169.0%66.9%48.6%

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?

37.5x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: SSTK ($35.45) is trading above our estimate of fair value ($17.25)

Significantly Undervalued: SSTK is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: SSTK is poor value based on its PE Ratio (37.5x) compared to the Online Retail industry average (32.3x).

PE vs Market: SSTK is poor value based on its PE Ratio (37.5x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: SSTK is poor value based on its PEG Ratio (1.6x)


Price Based on Value of Assets

PB vs Industry: SSTK is overvalued based on its PB Ratio (4.1x) compared to the US Online Retail industry average (2.7x).


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

Earnings vs Savings Rate: SSTK's forecast earnings growth (24.2% per year) is above the savings rate (2.7%).

Earnings vs Market: SSTK's earnings (24.2% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: SSTK's revenue (6.5% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: SSTK's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High 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?

14.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SSTK's earnings have grown by 14.5% 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 (-15.8%) over the past year, making it difficult to compare to the Online Retail industry average (-15.1%).


Return on Equity

High ROE: SSTK's Return on Equity (10.9%) is considered low.


Return on Assets

ROA vs Industry: SSTK's Return on Assets is below or equal to the Online Retail industry average last year.


Return on Capital Employed

ROCE Improving: SSTK's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Shutterstock's financial position?


Financial Position Analysis

Short Term Liabilities: SSTK's short term assets ($333.1M) exceeds its short term liabilities ($228.8M)

Long Term Liabilities: SSTK's short term assets (333.1M) exceeds its long term liabilities (60.2M)


Debt to Equity History and Analysis

Debt Level: SSTK is debt free.

Reducing Debt: SSTK had no debt 5 years ago.

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

Inventory Level: SSTK has a low level of unsold assets or inventory.

Debt Coverage by Assets: SSTK's debt is covered by short term assets (assets are 46881205483531677.671670x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate SSTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SSTK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SSTK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SSTK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SSTK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Jon Oringer (45yo)

16.8yrs

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

Compensation vs. Market: Jon's total compensation ($USD661.00) is too low to compare against companies of similar size in the US market ($USD4.08M).

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.4yrs

Average Tenure

49yo

Average Age

Experienced Management: SSTK's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

54yo

Average Age

Experienced Board: SSTK's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Ownership Breakdown


Management Team

  • Jon Oringer (45yo)

    Founder

    • Tenure: 16.8yrs
    • Compensation: US$661.00
  • Lou Weiss (50yo)

    Chief Marketing Officer

    • Tenure: 1.7yrs
    • Compensation: US$2.08m
  • Lisa Nadler (56yo)

    • Tenure: 2.3yrs
    • Compensation: US$1.98m
  • Siobhan Aalders

    Head of Global Communications

    • Tenure: 3.7yrs
  • Stan Pavlovsky (47yo)

    President & COO

    • Tenure: 0.3yrs
  • David Petts (56yo)

    Chief Revenue Officer

    • Tenure: 0yrs
  • Jody Vandergriff

    Co-Founder & Chief Executive Officer of WebDAM

    • Tenure: 5.9yrs
  • Steve Ciardiello (48yo)

    Interim CFO & Chief Accounting Officer

    • Tenure: 0.3yrs
    • Compensation: US$500.54k
  • Heidi Garfield

    VP, General Counsel & Corporate Secretary

    • Tenure: 2.5yrs
  • Amy Behrman

    Senior Director of Corporate Development

    • Tenure: 0yrs

Board Members

  • Jeff Epstein (63yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: US$232.45k
  • Tom Evans (64yo)

    Presiding Director

    • Tenure: 5yrs
    • Compensation: US$227.45k
  • Jon Oringer (45yo)

    Founder

    • Tenure: 16.8yrs
    • Compensation: US$661.00
  • Deirdre Bigley (54yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$219.95k
  • Paul Hennessy (54yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$224.95k
  • Rachna Bhasin (46yo)

    Director

    • Tenure: 0.2yrs

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$1.251b
  • 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 Analysis2019/10/14 02:45
End of Day Share Price2019/10/11 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.

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