SHUTTERSTOCK INC (SSTK) Stock Fundamental Analysis
NYSE:SSTK - New York Stock Exchange, Inc. - US8256901005 - Common Stock - Currency: USD
Taking everything into account, SSTK scores 5 out of 10 in our fundamental rating. SSTK was compared to 70 industry peers in the Interactive Media & Services industry. While SSTK is still in line with the averages on profitability rating, there are concerns on its financial health. SSTK scores decently on growth, while it is valued quite cheap. This could make an interesting 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
Looking at the Return On Assets, with a value of 2.91%, SSTK is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
SSTK has a Return On Equity of 7.04%. This is in the better half of the industry: SSTK outperforms 72.86% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.47%, SSTK is in the better half of the industry, outperforming 75.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SSTK is below the industry average of 12.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 7.04% | ||
| ROIC | 6.47% |
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
With a decent Profit Margin value of 4.00%, SSTK is doing good in the industry, outperforming 62.86% of the companies in the same industry.
SSTK's Profit Margin has improved in the last couple of years.
SSTK has a better Operating Margin (6.45%) than 67.14% of its industry peers.
SSTK's Operating Margin has improved in the last couple of years.
The Gross Margin of SSTK (57.56%) is worse than 60.00% of its industry peers.
In the last couple of years the Gross Margin of SSTK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.45% | ||
| PM (TTM) | 4% | ||
| GM | 57.56% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SSTK is still creating some value.
Compared to 1 year ago, SSTK has less shares outstanding
The number of shares outstanding for SSTK has been reduced compared to 5 years ago.
The debt/assets ratio for SSTK is higher compared to a year ago.
2.2 Solvency
SSTK has an Altman-Z score of 1.44. This is a bad value and indicates that SSTK is not financially healthy and even has some risk of bankruptcy.
SSTK has a Altman-Z score (1.44) which is in line with its industry peers.
The Debt to FCF ratio of SSTK is 45.92, which is on the high side as it means it would take SSTK, 45.92 years of fcf income to pay off all of its debts.
SSTK has a Debt to FCF ratio (45.92) which is comparable to the rest of the industry.
SSTK has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.22, SSTK is in line with its industry, outperforming 44.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 45.92 | ||
| Altman-Z | 1.44 |
ROIC/WACC0.79
WACC8.18%
2.3 Liquidity
SSTK has a Current Ratio of 0.43. This is a bad value and indicates that SSTK is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.43, SSTK is doing worse than 92.86% of the companies in the same industry.
A Quick Ratio of 0.43 indicates that SSTK may have some problems paying its short term obligations.
SSTK has a worse Quick ratio (0.43) than 91.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
SSTK shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.07%.
SSTK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.29% yearly.
SSTK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.31%.
The Revenue has been growing slightly by 7.53% on average over the past years.
EPS 1Y (TTM)-4.07%
EPS 3Y5.8%
EPS 5Y27.29%
EPS Q2Q%-8.85%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y6.54%
Revenue growth 5Y7.53%
Sales Q2Q%13.21%
3.2 Future
The Earnings Per Share is expected to grow by 8.75% on average over the next years. This is quite good.
SSTK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.87% yearly.
EPS Next Y15.03%
EPS Next 2Y11.73%
EPS Next 3Y8.38%
EPS Next 5Y8.75%
Revenue Next Year8.69%
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
A Price/Earnings ratio of 5.01 indicates a rather cheap valuation of SSTK.
Compared to the rest of the industry, the Price/Earnings ratio of SSTK indicates a rather cheap valuation: SSTK is cheaper than 91.43% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.21, SSTK is valued rather cheaply.
The Price/Forward Earnings ratio is 3.92, which indicates a rather cheap valuation of SSTK.
SSTK's Price/Forward Earnings ratio is rather cheap when compared to the industry. SSTK is cheaper than 100.00% of the companies in the same industry.
SSTK is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.01 | ||
| Fwd PE | 3.92 |
4.2 Price Multiples
91.43% of the companies in the same industry are more expensive than SSTK, based on the Enterprise Value to EBITDA ratio.
SSTK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 117.48 | ||
| EV/EBITDA | 5.51 |
4.3 Compensation for Growth
SSTK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SSTK may justify a higher PE ratio.
PEG (NY)0.33
PEG (5Y)0.18
EPS Next 2Y11.73%
EPS Next 3Y8.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.10%, SSTK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.05, 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 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.1% |
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
112.27% of the earnings are spent on dividend by SSTK. This is not a sustainable payout ratio.
DP112.27%
EPS Next 2Y11.73%
EPS Next 3Y8.38%
20.1
+1.14 (+6.01%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners69.92%
Inst Owner Change-13.71%
Ins Owners31.36%
Ins Owner Change0.63%
Market Cap708.52M
Analysts76
Price Target29.19 (45.22%)
Short Float %9.03%
Short Ratio7.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.1% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP112.27%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.89%
Min EPS beat(2)-26.74%
Max EPS beat(2)-5.03%
EPS beat(4)1
Avg EPS beat(4)-4.94%
Min EPS beat(4)-26.74%
Max EPS beat(4)13.99%
EPS beat(8)5
Avg EPS beat(8)6.5%
EPS beat(12)8
Avg EPS beat(12)6.29%
EPS beat(16)12
Avg EPS beat(16)12.9%
Revenue beat(2)0
Avg Revenue beat(2)-4.71%
Min Revenue beat(2)-5.68%
Max Revenue beat(2)-3.74%
Revenue beat(4)2
Avg Revenue beat(4)-1.59%
Min Revenue beat(4)-5.68%
Max Revenue beat(4)2.02%
Revenue beat(8)4
Avg Revenue beat(8)-1.05%
Revenue beat(12)5
Avg Revenue beat(12)-1.21%
Revenue beat(16)7
Avg Revenue beat(16)-0.73%
PT rev (1m)-5.5%
PT rev (3m)-5.5%
EPS NQ rev (1m)2.37%
EPS NQ rev (3m)4.07%
EPS NY rev (1m)2.24%
EPS NY rev (3m)0.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.01 | ||
| Fwd PE | 3.92 | ||
| P/S | 0.74 | ||
| P/FCF | 117.48 | ||
| P/OCF | 14.29 | ||
| P/B | 1.29 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.51 |
EPS(TTM)4.01
EY19.95%
EPS(NY)5.13
Fwd EY25.53%
FCF(TTM)0.17
FCFY0.85%
OCF(TTM)1.41
OCFY7%
SpS27.34
BVpS15.52
TBVpS-7.48
PEG (NY)0.33
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 7.04% | ||
| ROCE | 8.77% | ||
| ROIC | 6.47% | ||
| ROICexc | 7.68% | ||
| ROICexgc | N/A | ||
| OM | 6.45% | ||
| PM (TTM) | 4% | ||
| GM | 57.56% | ||
| FCFM | 0.63% |
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 | 0.22 | ||
| Debt/FCF | 45.92 | ||
| Debt/EBITDA | 0.79 | ||
| Cap/Depr | 48.93% | ||
| Cap/Sales | 4.52% | ||
| Interest Coverage | 5.32 | ||
| Cash Conversion | 32.8% | ||
| Profit Quality | 15.67% | ||
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 1.44 |
F-Score3
WACC8.18%
ROIC/WACC0.79
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)-4.07%
EPS 3Y5.8%
EPS 5Y27.29%
EPS Q2Q%-8.85%
EPS Next Y15.03%
EPS Next 2Y11.73%
EPS Next 3Y8.38%
EPS Next 5Y8.75%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y6.54%
Revenue growth 5Y7.53%
Sales Q2Q%13.21%
Revenue Next Year8.69%
Revenue Next 2Y5.5%
Revenue Next 3Y8.05%
Revenue Next 5Y5.87%
EBIT growth 1Y38.85%
EBIT growth 3Y-14.02%
EBIT growth 5Y27.74%
EBIT Next Year233.23%
EBIT Next 3Y60.19%
EBIT Next 5Y36.28%
FCF growth 1Y-96.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-75.52%
OCF growth 3Y-46.77%
OCF growth 5Y-20.47%